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traditional MBAs include coursework in management, commercialize, and related business fundamentals. Specializations in entrepreneurship trail students to move ahead in their stream positions or to work independently.
Choosing the right MBA in entrepreneurship requires careful consideration of course of study, cost, and academic degree requirements. This page covers what goes into an MBA in entrepreneurship, plus opportunities and resources related to the degree .
What Is an MBA in Entrepreneurship?
An MBA in entrepreneurship benefits individuals working across economic sectors. MBA in entrepreneurship graduates can advance to chief executive roles, which should see a 6 % growth rate in use from 2018-2028. Entrepreneurship allows for innovators to strike out on their own. It besides gives freelancers, travelers, and workers seeking new opportunities the skills to create their own compromising, fulfilling careers .
According to the BLS, local government, bodied management, and education employ the highest numbers of top executives in the United States. Executives in investment services and extraction, distribution, and transportation of natural resources earn the highest salaries in the profession .
Online MBA Programs for You
Grow your career, leadership, and business acumen with an accredit on-line MBA program .
Why Should You Get an Online MBA in Entrepreneurship?
Through commodious, flexible coursework, peak on-line MBAs in entrepreneurship build managerial and critical think skills. Working professionals can earn MBAs in entrepreneurship while maintaining their current positions, possibly with the goal to run a business of their own .
The expanding gig economy continues to change professional landscapes around the global. Self-employment continues to thrive, as do startups in engineering and relate industries. MBAs cook professionals to develop clientele plans, plan budgets, and communicate effectively with investors and collaborators, all all-important skills for entrepreneurs .
Entrepreneurship MBAs besides foster emergence in organizations by training student employees to coordinate among departments, cope finances, and serve as leaders. With MBA degrees, entry-level marketers, fiscal professionals, and sales workers move into managerial roles. In 2018, purchasing agents, who should hold bachelor ‘s degrees, earned an annual median engage of $ 67,600. Sales managers, holding MBAs, made a median annual wage exceeding $ 124,000 .
What Can You Do With an MBA in Entrepreneurship?
Chief Executive Officer
Chief executive officers ( CEOs ) are the highest-ranking officials in their organizations. By developing and coordinating strategic plans, CEOs make certain that their organizations meet their goals. They make decisions regarding management, budgets, and policies, collaborating with managers across departments or subsidiaries. CEOs possess comprehensive business cognition. They besides communicate with boards of directors and relay information to investors and stakeholders. These professionals monitor markets, competitors, and industry developments. The BLS reports that CEOs earned a beggarly annual engage of over $ 200,000 in 2018. President
company and constitution presidents develop, plan, and implement their institution ‘s vision. Presidents serve as leaders, cooperating and coordinating with departments under their authority to meet short- and long-run goals. a lot like CEOs, presidents oversee budgets and fiscal management within their organizations, and they may have extra insights into daily operations. They work closely with boards of directors and report about their organizations ‘ fiscal health to shareholders. PayScale found that entry-level presidents earn a median annual wage of over $ 102,000. Senior-level presidents earn closely $ 165,000 annually. small Business Owner
Small-business owners work for themselves, overseeing their companies ‘ operations. small businesses cover a range of industries, with popular areas including childcare, cosmetology, and landscaping. Graduates with their MBA in entrepreneurship can start their businesses with a wide sympathy of the fiscal demands and challenges, increasing their chances at success. According to the U.S. Bureau of Labor Statistics ( BLS ), freelance workers across all industries earned a medial annual income of $ 32,020. Those working in areas such as personal worry and overhaul, management, and transportation system earned a medial annual wage exceeding $ 60,000. General and Operations Manager
General and operations managers design and oversee their organizations ‘ daily operations. They deal with staff, schedule, materials, and government. This particular job title encompasses diverse tasks across many industries. Employees who hold an MBA in entrepreneurship boast skills in leadership, fiscal supervision, and clientele structures, helping them to succeed in their respective fields. The BLS reports an annual median engage of $ 100,780 for general and operations managers as of May 2019. management analyst
often working for consulting firms or as freelance workers, management analysts assess companies ‘ fiscal data and budgets, interview staff, and suggest improvements. Because management analysts are much freelance, MBAs in entrepreneurship can provide them with the necessary skills to run successful businesses and analyze early organizations ‘ success. According to the BLS, management analysts earned an annual medial wage of $ 85,260 as of 2019. The BLS besides projects demand for management analysts to increase by 14 % from 2018-2028 .
Online MBA in Entrepreneurship Curriculum
MBA course of study deviate by program. Core coursework focuses on subsets of occupation administration to build a comprehensive reason of the playing field. Learners study accounting, business communication, and business scheme alongside marketing, managerial economics, and applied statistics. MBAs in entrepreneurship build on foundational coursework with classes designed to help learners start their own businesses or boost into leadership roles. Topics include business invention and entrepreneurial finance .
Business innovation coursework focuses on strategies, techniques, and tools to change and introduce new ideas in a business setting. Students learn to create business models, capitalize on new markets, and effectively manage employees in an innovative business setting.
Courses in franchising and licensing explain the differences between the two concepts and how to participate in each process. Learners explore the legal and ethical aspects of intellectual property, trademarks, and business contracts as they relate to franchises and licenses.
Entrepreneurial planning and feasibility classes train students to plan and implement new business ventures effectively and efficiently. Learners study theories of business planning, focusing on budgets and markets for specific types of goods and services. Often based on case studies and practical exercises, planning and feasibility coursework builds analytical, problem-solving, and critical thinking skills.
See More Top MBA Programs
How to Choose the Right Online MBA in Entrepreneurship Program
When choosing an on-line MBA in entrepreneurship, learners need to consider several factors. Cost, public toilet, and course of study weigh heavily into one ‘s choice, while commencement requirements and accreditation condition help students decide which degree best meets their personal and professional goals .
An on-line degree allows students to complete an MBA program on a elastic, convenient agenda. traditional MBAs include coursework that full-time students accomplished in two years. Online coursework may allow learners to earn their MBAs in vitamin a few as 18 months. half-time students benefit from on-line programs by taking coursework over 3-5 years .
many institutions offer flat-rate on-line tutelage. Out-of-state students benefit from this, paying the same for their degrees as in-state students. Per-semester tutelage gives learners the option to take extra credit hours without accruing extra costs .
Learners who want to earn MBAs in entrepreneurship should look at each course of study ‘s class offerings, along with the institution ‘s instructors and graduation requirements. Students focusing on the engineering sector might find programs with coursework geared toward that industry, while individuals interested in healthcare or finance should find programs pertaining to those fields .
Most master in business programs culminate in an internship, dissertation, or research stick out. Students may find opportunities to complete these requirements in cooperation with their current places of work. Entrepreneurs who want to branch out on their own may use these requirements to build their new businesses. Business government degrees may hold programmatic accreditation. Colleges and universities maintain regional or national accreditation, but programmatic accreditation attests to high academic standards within a specific program .
Scholarships for Entrepreneurship MBA Programs
alumnus students can apply for scholarships available to all learners. Students in MBA programs procure fiscal aid through scholarships, grants, and family programs. many scholarships provide help specifically to commercial enterprise administration learners, while future entrepreneurs benefit from funding opportunities geared toward their specific goals .
Looka Student Entrepreneur Scholarship
Who Can Apply: The Looka Student Entrepreneur Scholarship supports full-time students studying business, selling, or blueprint. Applicants must own a small business, submit a short essay, and provide a brief business plan for consideration .
Amount: $ 1,000
Apply for Scholarship Mary Elizabeth Lockwood Beneventi MBA Scholarship
Who Can Apply: Offered through the Daughters of the american english Revolution, the Mary Elizabeth Lockwood Beneventi MBA Scholarship supports students studying business presidency from accredited institutions. Learners must enroll full-time and demonstrate a minimum 3.25 GPA for circumstance. Amount: $ 2,000 Apply for Scholarship National Black MBA Association Scholarship Program
Who Can Apply: The NBMBAA scholarship program offers funding through partnerships with educational institutions around the world. Applicants must be members of the NBMBAA and dispatch on-line applications for consideration. Amount: Varies Apply for Scholarship Rising Farmworker Dream Fund Fellowship
Who Can Apply: Designed to support the children of farmworkers in the United States, the RFDF family provides care to MBA students to facilitate fiscal literacy, entrepreneurship, and business activities. Recipients of the RFDF fellowship return home after completing their master in business in hopes of breaking the cycle of poverty among farmworkers and their communities. Amount: Varies Apply for Scholarship HubShout Internet Marketing Scholarship
Who Can Apply: As a leading search engine optimization company, HubShout offers fiscal support to future internet marketing professionals. Applicants must have at least one year of college, hold a minimum 3.0 GPA, and demonstrate a rage for internet marketing. Amount: $ 1,000 Apply for Scholarship
Professional Organizations for Entrepreneurship
professional organizations for entrepreneurs bring together like-minded business innovators. Members benefit from opportunities to attend annual events and engage with on-line communities, building substantive networks in the process. Professional organizations besides offer entrepreneurs career steering, webinars, professional development programs, and vogue and inquiry updates .
Founded in 1981, the NASE offers steering to freelance individuals and small occupation owners. Resources include a little occupation locator, subscriptions to publications and newsletters, and access to expert advice. The NASE besides houses an across-the-board on-line business eruditeness and resource center .
EO unites 14,000 entrepreneurs from around the world through mentorship, education, and event opportunities. Members gain access to EO ‘s chapter events, leadership train, and career accelerator resources. The constitution besides offers a global student prize plan for aspiring entrepreneurs .
As a fee-based, invitation-only organization, YEC supports entrepreneurs under the age of 45. Bringing together entrepreneurs from across economic sectors, YEC strives to improve policies surrounding entrepreneurship, build mentorship relationships, and promote absolve enterprise .
The SEA promotes the U.S. social enterprise apparent motion through mentorship and educational programs, a cognition focus on, and discount programs. Members gain access to the SEA ‘s member directory aboard resources to grow and advocate for social entrepreneurship on a national scale .
As a coach constitution for small and mid-size businesses, Vistage supports more than 23,000 CEOs, business owners, and key executives with purpose-built programs and an across-the-board inquiry center. Members build leadership skills through Vistage ‘s peer group and master guidance-based approach .
2021’s Top Five Online MBA Programs in Entrepreneurship
The follow tilt ranks the top five on-line MBA in entrepreneurship programs for 2021. All the listed schools hold regional accreditation from independent accrediting agencies. Some programs besides hold specify accreditation.
accreditation ensures that the course of study and the school meet educational standards developed by third-party accreditation bodies. Some of the noteworthy accredit agencies endorsing MBA schools and programs include :
- Middle States Commission on Higher Education (MSCHE)
- Southern Association of Colleges and Schools Commission on Colleges (SACSCC)
- Higher Learning Commission (HLC)
- New England Commission of Higher Education (NECHE)
- The Association to Advance Collegiate Schools of Business (AACSB)
- Johns Hopkins University
placement
Baltimore, MDGraduation Rate
93%
View School Profile
John Hopkins is a secret university located in Baltimore, Maryland. The 145-year-old initiation is America ’ s foremost research university which enrolls over 24,000 full/part-time students within nine academic divisions annually. John Hopkins ‘ Carey Business School offers a master of occupation administration program designed for experience professionals. The online/hybrid program offers seven concentrations, four of which are on-line. on-line students must take three courses on-campus at Carey Business School ’ s Harbor East Campus in Baltimore. Students can complete the 54-credit broadcast within three years. however, the maximal meter to complete the ask credits is six years .
Applying to John Hopkins
Applicants must hold a bachelor ’ s degree with a minimal 3.0 GPA and two years of work have. prospective students must submit their official transcripts, essays, and recommendations. The admission process may besides include an interview .
Program at a Glance
School type: Private
Accreditation: MSCHE
Tuition: $ 1,650 per credit
Required credits: 54 credits
Program length: 3-6 years
Delivery format: Online/hybrid ( synchronous and asynchronous ) - University of North Carolina at Chapel Hill
location
Chapel Hill, NC
tuition
$ 11649Graduation Rate
89%
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UNC is a public university system with a campus located in Chapel Hill. The university opened its doors to students back in 1789. today, it offers 74 bachelor programs and 104 calibrate and 65 graduate programs. UNC-Chapel Hill ’ s Kenan-Flagler Business School offers a master of commercial enterprise administration program with customizable course of study options. Students can choose from 25 electives and five concentrations, including entrepreneurship, finance, and market. on-line students must complete two in-person summits and immersive experience programs conducted in cities around the worldly concern or on-campus. MBA students besides get personalized aid and 24/7 access to course materials. The flexible 62-credit platform takes 18 to 36 months to complete. It is accredited by the AACSB .
Applying to UNC-Chapel Hill
All students must hold a bachelor ’ s degree from an accredited college and a minimum of two years of experience. early requirements include transcripts, two recommendations, a sketch, and essays. prospective students with less than five years of know must besides submit their GRE/GMAT scores. eligible students will besides need to complete a personal consultation via a webcam .
Program at a Glance
School type: Public
Accreditation: SACSCOC and AACSB
Tuition: $ 125,590 full
Required credits: 62 credits
Program length: 1.5 to 3 years
Delivery format: Online/hybrid ( asynchronous ) - University of Illinois at Urbana – plain
localization
Champaign, IL
tutelage
$ 15829Graduation Rate
84%
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A public university located in the counterpart cities of Urbana and Champaign, U of I is home plate to 29 Pulitzer Prize-winning alumni. The university besides enrolls more than 47,000 students representing 50 states and over a hundred countries. Gies College of Business at U of I offers a overlord of business administration with six specializations, including business analytics, initiation and entrepreneurship, managerial economics, and digital commercialize. After completion of the 72-credit coursework, students finish a capstone project. Learning takes place through Coursera and includes a combination of the on-line ball-shaped classroom and a series of team projects. The college of clientele partnered with Coursera to offer a limited total of need-based scholarships, covering 70 % of tutelage for stipulate students .
Applying to U of I
Applicants must hold a knight bachelor ‘s degree with a minimum 3.0 GPA and three years of full-time study experience to be eligible for entrance fee. other graduate application materials include transcripts, a resume, a personal statement/essay, and references .
Program at a Glance
School type: Public
Accreditation: HLC
Tuition: $ 302 per credit
Required credits: 72 credits
Program length: not specified
Delivery format: 100 % Online ( asynchronous ) - Ohio University-Main Campus
location
Athens, OH
tutelage
$ 22072Graduation Rate
64%
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Located in Athens, Ohio, OU is the submit ’ south beginning public university, established in 1804. OU boasts a 17-to-1 student-to-teacher ratio. The institution includes more than ten campuses and centers across the state. The on-line dominate of business government program specializes in business guess and entrepreneurship. The coursework is 100 % on-line. however, students can attend the on-campus leadership development program ( LDP ), a two-day event conducted multiple times a class at the main campus. The 35-credit course of study comprises 11 three-credit courses and one two-credit course. With an asynchronous study module, OU provides a flexible outdistance learning experience to students. The business broadcast is accredited by the AACSB .
Applying to OU
All students must possess a bachelor ‘s degree from a regionally accredited university with a minimal GPA of 3.0. other requirements include official transcripts, two or more years of professional experience, a current sketch, two letters of recommendation, and a personal statement .
Program at a Glance
School type: Public
Accreditation: HLC and AACSB
Tuition: $ 1,028 per credit ( in-state ) ; $ 1,047 per recognition ( out-of-state )
Required credits: 35 credits
Program length: 2 years
Delivery format: Online/hybrid ( asynchronous ) - University of Massachusetts – Amherst
placement
Amherst, MA
tutelage
$ 21740Graduation Rate
80%
View School Profile
UMass Amherst is a public university located in Amherst, Massachusetts. It offers 110 undergraduate 127 graduate programs available on-line and on-campus. UMass Amherst ‘s Isenberg School of Business offers a chief of business administration with a concentrate on entrepreneurship. The plan comprises general business and entrepreneurship elective courses. Over 1,400 professionals, some with more than 10 years of employment experience, are enrolled in this program. This program is accredited by the AACSB.
The 100 % on-line MBA is designed for working professionals and requires no on-campus visits. Students can besides choose from in-person or hybrid options .
Applying to UMass Amherst
Applicants must possess a bachelor ’ s degree with a minimum 2.75 GPA to qualify for the program. Enrollees must besides submit transcripts, a resume, and a letter of recommendation when submitting their applications .
Program at a Glance
School type: Public
Accreditation: NECHE and AACSB
Tuition: $ 900 per credit
Required credits: 45 credits
Program length: not specified
Delivery format: Online/hybrid ( synchronous and asynchronous )
