If you aspire to be in the business field, you must know that having an entrepreneurial mind is essential for success in business. Over the years, the influx of technological innovations has revolutionized the business as a whole. To stand out in this highly-competitive field, more and more people with business aspirations are enrolling for courses to learn and hone the latest trends in the market. If you are one among them, an MBA in Entrepreneurship always remains a preferable choice for you.
Through the course of this article, we’ll give you an overview of the course, the advantages of pursuing this MBA specialization, average salary you can get after the course, and the top b-schools that offer this program. So, keep reading.
MBA in Entrepreneurship: Course Details
An MBA in Entrepreneurship is one of the best courses to pursue if business is your career choice. The course usually follows a standard MBA curriculum with additional entrepreneurship-focused classes. The course duration is usually two years, which is spread across four semesters. An MBA in Entrepreneurship equips you with the business skills, market knowledge, and networks, which is essential for being a successful entrepreneur. Apart from this, the MBA in Entrepreneurship syllabus teaches you the following:
- Managing, financing, and marketing new business
- The legal structures of a new business
- Generating new startup and venture ideas
- Venture capital
- Sustaining a start-up
- Social innovation and entrepreneurship
- Entrepreneurial strategies
- Product design and marketing, etc.
Eligibility for an MBA in Entrepreneurship
The eligibility for the MBA program in Entrepreneurship may vary based on the universities you apply to, or the overall course format. However, most universities consider the following factors to check your eligibility:
- An undergraduate degree
- Minimum GMAT/GRE score (different for each university)
- Some years of professional experience (although this can vary)
- Employers’ recommendation letter
MBA in Entrepreneurship: Salary
Once you graduate with an MBA in Entrepreneurship, you’ll have a multitude of job options to choose from. Given below is a table of an average MBA in Entrepreneurship salary you can get after the course. The data have been taken from payscale.com
|Job Title||Average Salary Range|
|Senior Product Manager||$96k– $154k|
|Marketing Director||$78k – $171k|
|Product Manager, Software||$80k – $140k|
|Business Development Director||$65k – $162k|
|Business Development Manager||$51k – $120k|
|Chief Financial Officer (CFO)||$112k – $250k|
|Director Of Operations||$61k – $179k|
The MBA in Entrepreneurship salary in India could range from 5 lakh and can go upto 20 LPA.
Top 25 B-schools for MBA in Entrepreneurship
The following table consists of the top 25 B-schools that offer MBA in Entrepreneurship.
|1||Stanford Graduate School Of Business|
|2||Babson College: Olin|
|3||University Of Virginia: Darden|
|4||Dartmouth College: Tuck|
|6||University Of California At Berkeley: Haas|
|7||University Of Pennsylvania: Wharton|
|8||IE Business School|
|9||London Business School|
|10||Iese Business School|
|12||University Of Oxford|
|13||Harvard Business School|
|14||University Of Chicago: Booth|
|15||Ipade Business School|
|16||Georgetown University: McDonough|
|18||Duke University: Fuqua|
|19||New York University: Stern|
|20||University Of Southern California: Marshall|
|21||Birmingham Business School|
|22||Columbia Business School|
|23||HKUST Business School|
|24||Incae Business School|
Advantages of Pursuing an MBA in Entrepreneurship
Here are some advantages of doing an MBA in Entrepreneurship.
- Provides hands-on experience – MBA in entrepreneurship provides you hands-on learning experience in the field of business. These experiences will help you apply what you’ve learnt in the classroom into a practical scenario. Getting practical experience familiarizes you with developing sound business plans, identifying business opportunities and trying your entrepreneur skills in several situations.
- Gives you the opportunity to create connections – The primary goal of a business degree in Entrepreneurship is making you capable of either starting your own company or making you stand out in the field. The collaborative nature of such programs also allows you to build connections with peers with the same area of interest and thus, develop professional relationships with them. Besides, most of such programs also conduct classes and workshops and you’ll get to meet notable people in the business field. This will positively impact your career, when you actually start a business or start working for a business firm.
- Get output from others – When you do a course, you are getting a chance to interact with others who have similar interests. Pursuing an Entrepreneurship MBA takes you to an environment, where you can share your ideas, and get creative inputs from other peers. Besides, you also get an opportunity where you can test your ideas, which inturn helps you hone your decision-making skills.
Whether to do an MBA in Entrepreneurship or not is a personal decision. However, in this competitive world, bringing your vision to market and staying at par with the other competitors might not be easy if you don’t have the skills and strategies to run a business. Here, an MBA in Entrepreneurship can help you. Good luck!