America’s largest companies would not exist without entrepreneurs — individuals possessing the business acumen necessary to build a business from nothing. Successful entrepreneurs often work in top executive roles, such as chief executive officer or chief financial officer. The Bureau of Labor Statistics (BLS) reports that these professionals earn a median salary of $107,680 per year. The BLS projects employment for these professionals to increase 4% from 2019-2029.
Individuals interested in working for themselves can research MBA in entrepreneurship programs. These programs deliver the knowledge and skills entrepreneurs need to start a business or assist others working toward the same goal. Many universities offer this degree online, which can benefit both recent college graduates and busy working professionals.
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MBA Entrepreneurship Students Frequently Asked Questions
Q. What kind of job can I get with an entrepreneurship degree?
Popular industries for professionals with an MBA in entrepreneurship include sales, marketing, and finance. Graduates can also pursue opportunities in analytics and data management.
Q. What is the starting salary for an entrepreneur?
When starting a business, entrepreneurs often earn low salaries for at least five years. Some professionals need up to nine years to attain a salary comparable to what similar companies offer managers.
Q. Is an MBA good for entrepreneurs?
Students earning an entrepreneurship MBA degree often receive opportunities to network with like-minded peers, master business fundamentals, and learn from experienced entrepreneurs.
Q. What is taught in an MBA entrepreneurship degree program?
While earning an MBA in entrepreneurship, learners analyze topics such as business ethics, social responsibility, and risk assessment. Motivated degree-seekers often supplement their education with an internship.
Why Get a Degree in Entrepreneurship?
Students typically earn an entrepreneurship degree to start a business and work for themselves. However, core courses impart knowledge and skills that apply to many careers in business. Some universities use a cohort learning model, in which students progress through the program in groups.
Many online programs feature benefits such as asynchronous curricula. Degree-seekers learning asynchronously do not need to log in at set times and can complete assignments around other responsibilities. This flexibility allows many students to continue working while in school.
Public universities typically offer in-state students the most affordable tuition rates. Out-of-state learners and students at private schools usually pay higher rates. However, some public institutions charge all online learners in-state tuition rates, regardless of residency. Both private and public schools usually charge fees, such as technology fees for online learners.
MBA in entrepreneurship degree-seekers often save money by learning online. Distance learners do not usually pay for a dorm room or meal plan. Additionally, some schools exempt online students from fees funding on-campus services.
Many universities offer tuition-reduction programs for alumni and their dependents, Peace Corps volunteers, and military veterans. Christian schools may offer reduced tuition rates for denomination members and lay ministers. Prospective students can explore these opportunities through each school’s website and by contacting a financial aid advisor.
Calculating the Cost of a College Degree
To calculate the monthly out-of-pocket cost for an entrepreneurship degree, students should compare the tuition rate to their cost of living and financial aid. The following calculation tool removes the guesswork and delivers a result in seconds. A figure lower than expected monthly tuition costs indicates the user should pursue additional institutional, government, or private financial aid opportunities.
College Affordability Calculator
Break down your current financial situation, and receive a college tuition estimate you can afford to pay.
Industry and geographic location affect salary potential significantly. According to BLS data, top executives working in the manufacturing and technical services sectors earn a median annual salary more than $100,000 higher than the profession’s median. Additionally, chief executives in South Dakota, New Jersey, and the District of Columbia earn the highest average salaries.
Entrepreneurship graduates who do not start a business often pursue lucrative positions such as financial manager, sales manager, and human resources manager. These and related careers may require additional training or on-the-job experience.
Earning a certificate can help entrepreneurs increase their salary potential. A certificate demonstrates that the holder possesses skills necessary to start a business, manage finances, or hire employees. Many reputable universities offer certificate programs, and most take 12 months or fewer to complete. Individuals can also improve their marketability by earning a certification from a professional organization.
Courses in Entrepreneurship
MBA in entrepreneurship programs train students to start and run small businesses. Course topics typically include analyzing financial data, learning from companies’ successes and mistakes, working with stakeholders, and following ethical and legal guidelines. Online MBA programs with a specialization in entrepreneurship feature the same core business coursework that all MBA students complete.
The following sample curriculum highlights core MBA courses and classes specific to an entrepreneurship concentration. Course names and requirements vary among universities. Learners should contact an academic advisor for details about their prospective school’s MBA in entrepreneurship program. Online course catalogs also provide in-depth course information.
Leading People and Organizations
The course introduces students to leadership best practices, including techniques related to effective communication, emotional intelligence, and compassion. Degree-seekers take self-assessments to evaluate their emotional intelligence and use the results to improve their interpersonal skills. Learners also develop a personal leadership plan focusing on long-term growth.
Measuring Success in an Organization
Top executives and other professionals with an MBA in entrepreneurship must interpret financial documents and adapt to market and business trends. The course emphasizes these skills and covers analytical techniques, financial management fundamentals, and accounting best practices. Degree-seekers practice using the latest industry software.
Entrepreneurship and Small Business Management
Students in this capstone course typically craft a business plan or complete an internship. Through either experience, learners demonstrate proficiency with research and marketing skills, taxes, and venture capital. Students may also keep a journal and give a presentation to faculty and peers.
Certifications and Licensure for Entrepreneurship
Professionals with an entrepreneurship MBA may need a license or certification to pursue certain career goals. Requirements may involve taking a course, passing an exam, and joining an organization. To qualify for renewal, individuals must often take professional development classes. Degree-seekers can contact a career advisor for help exploring relevant licenses and certifications.
Entrepreneurs starting a business may need one or more licenses from a federal, state, or local government agency. To obtain licensure, applicants must often complete forms, pay a fee, and meet with a government official. Some licenses require periodic, unannounced inspections. Business owners typically renew their license annually.
This certification course covers 11 essential skills for entrepreneurs, including affiliate marketing, online business fundamentals, and graphic design. Learners also prepare to analyze online traffic and use social media to attract new clients. Each course module features a different instructor, with extensive entrepreneurial experience.
Entrepreneurs earn this certification to become more effective communicators, master new software suites, and develop an online business. The certification course includes nine modules covering introductory topics, making this credential an excellent choice for professionals with little to no business experience. Individuals retain access to course materials after earning the certification.
Scholarships for Entrepreneurship
Universities offering an MBA in entrepreneurship often feature institutional or departmental financial aid. However, students may need additional financial assistance to avoid debt. Learners can minimize their loan amounts by applying for private scholarship opportunities. The following awards accept applications in 2021 from business students.
Who Can Apply: Undergraduate and graduate African American students majoring in a business-related topic may qualify for this award. Applicants must submit proof of enrollment and an essay responding to one of two prompts.
Who Can Apply: This scholarship from the Foundation for Outdoor Advertising Research & Education supports undergraduate and graduate students preparing for entrepreneurial careers. Applicants submit FAFSA results and a personal essay.
Who Can Apply: Asian American students with a minimum 3.0 GPA may qualify for this competitive scholarship from Against The Grain Productions. Candidates must also have operated a small business for at least one year.
The Gies College of Business at U of I offers an online MBA in entrepreneurship and strategic innovation. This online program explores innovation, globalization, and digitalization.
As of August 2021, U of I's MBA costs $22,500. The program features interactive, live sessions. Enrollees also participate in team projects that cultivate leadership and visioning skills. The career-curated curriculum includes courses in strategic innovation and entrepreneurship. Learners complete a two-week capstone course to graduate.
Applicants need a bachelor's degree, a 3.0 minimum GPA, and three years of full-time work experience. Prospective students submit a personal statement, resume, and two reference letters.
U of I is regionally accredited by the Higher Learning Commission.
UNC-Chapel Hill is part of North Carolina's state university system. The school features an online MBA in entrepreneurship that focuses on strategic decision-making based on data. The Kenan-Flagler Business School offers the degree.
UNC-Chapel Hill reports that almost 90% of MBA enrollees finish their degree. Learners benefit from a 42,000-person network of graduates. Within a year of graduation, degree-holders report earning an average of nearly $160,000 annually.
Enrollees study topics such as innovation and entrepreneurship in developing economies. Learners participate in two immersive summits. These can occur on campus or in international cities. The program is accredited by the Association to Advance Collegiate Schools of Business. MBA candidates can begin this program at four points during the year. Some applicants qualify for GMAT waivers.
UNC-Chapel Hill is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Brownsville-based UTRGV offers an accelerated online MBA with a specialization in entrepreneurship. The program is accredited by the Association to Advance Collegiate Schools of Business. Enrollees can finish the 36 required credits in 12 months by taking seven-week courses.
The program's core curriculum covers managerial economics and organizational behavior. Learners also study strategic management and information systems. Degree-seekers without prior business education take foundational courses in finance, accounting, and statistics. The entrepreneurship concentration covers topics such as entrepreneurial law and finance.
Applicants need a 3.0 GPA and a bachelor's degree from a regionally accredited institution. They also need qualifying GMAT or GRE scores. Some applicants may receive GMAT or GRE waivers. Prospective students also submit official transcripts and five short-answer essays.
UTRGV is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
UMass Amherst's Isenberg School of Management offers an online MBA with a focus in entrepreneurship. The program offers flexible attendance options. Learners can pursue the MBA online or through hybrid formats at one of three UMass campuses.
This MBA in entrepreneurship program requires 34 core credits, plus 3-9 elective credits. Core courses cover strategic information management and statistics for business. Enrollees also study human resource management and corporate finance. Students without prior business education complete up to two extra foundation courses in accounting and finance.
Learners can graduate with a focus by completing 45 credits, including nine elective credits. Entrepreneurship curriculum covers topics such as business turnaround strategies and new venture finance.
Applicants need a regionally accredited bachelor's degree and at least three years of professional experience. Prospective students submit a resume, recommendation letters, and GMAT or GRE scores or waivers. Applicants also submit personal statements and official transcripts.
UMass Amherst is regionally accredited by the New England Commission of Higher Education.
Athens-based OU offers an online MBA with a concentration in business venturing and entrepreneurship. This program is accredited by the Association to Advance Collegiate Schools of Business. The MBA program teaches business skills and strategy. Enrollees can complete the degree in 24 months.
Curriculum requirements vary by concentration. Each concentration entails around 35 credits. Entrepreneurship coursework covers topics such as new venture creation and managing innovation. This MBA includes a leadership development program with an on-campus residency.
Applicants need a regionally accredited bachelor's degree, a 3.0 minimum GPA, and at least two years of professional experience. Prospective students submit a resume, recommendation letters, and a personal statement. As of August 2021, tuition costs about $36,000.
OU is regionally accredited by the Higher Learning Commission.
The Carey Business School at Johns Hopkins offers a 54-credit flexible MBA with an entrepreneurship concentration. Learners can pursue this degree online, on campus, or through a hybrid format. This online MBA program boasts a 93% graduation rate.
Students complete business foundation courses, concentration coursework, and electives. The 30 business foundation credits entail 15 two-credit courses in areas such as accounting and business communication. Enrollees also take courses on operations management and corporate finance.
Elective offerings include entrepreneurial finance and business innovation. Enrollees can complete the program in three years. Online-only MBA students take at least three courses that include brief onsite residencies at Johns Hopkins' Harbor East campus.
Johns Hopkins is regionally accredited by the Middle States Commission on Higher Education.
Tucson-based U of A offers an accelerated online MBA in entrepreneurship that runs asynchronously. The Eller School of Management offers this degree. The program prepares learners to engage with an evolving global marketplace. Enrollees can earn the degree in 14-30 months.
This program entails 28 core units and 17 elective units. This MBA runs two sessions per semester and offers six annual start dates. Participants take 14, two-credit core courses in topics such as accounting and leadership.
Enrollees complete their elective requirements by pursuing one of six three-credit concentrations. The entrepreneurship concentration covers topics such as global social entrepreneurship and customer-focused entrepreneurship. Students also complete some general electives to fulfill their credit requirement.
U of A is regionally accredited by the Higher Learning Commission.
ASU's W. P. Carey School of Business offers a part-time online MBA with a concentration in entrepreneurship. Learners gain skills for starting various kinds of ventures. Enrollees in this accelerated program take one, five-week class at a time. This pace enables some students to pursue a concurrent degree. The program is accredited by the Association to Advance Collegiate Schools of Business.
Enrollees complete courses such as financial performance reporting and statistics for managers. Additional course offerings cover managerial ethics and leadership. Courses culminate in final projects or exams. Degree-seekers must complete a strategic management capstone project.
ASU's online MBA program allows for early-decision applications. Some applicants may qualify for GMAT or GRE waivers. Learners may begin their MBA in January or August.
ASU is regionally accredited by the Higher Learning Commission.
WSU is a public university in Detroit, Michigan. The school offers a flexible, customized online MBA in entrepreneurship. The program is accredited by the Association to Advance Collegiate Schools of Business. WSU's Career Planning and Placement Office helps MBA graduates find and prepare for careers. Graduates benefit from an alumni network of over 37,000 people. Interested learners may pursue a JD/MBA dual-degree program.
MBA students complete three courses in the entrepreneurship and innovation concentration. This path focuses on core skills in management, leadership, and innovation. WSU's accelerated one-week, four-week, or 11-week courses help learners complete their MBA quickly. Online students may participate asynchronously. Some MBA applicants qualify for GMAT or GRE waivers.
WSU is regionally accredited by the Higher Learning Commission.
UL Lafayette offers an accelerated entrepreneurship MBA online that teaches advanced business skills. Learners can pursue the degree in the evenings. The online program is accredited by the Association to Advance Collegiate Schools of Business.
MBA enrollees build core skills in business analytics and financial management. Entrepreneurship coursework covers relevant business law negotiation and planning strategies.
Degree-seekers can access online tutoring and 24/7 technical support. UL Lafayette's Office of Career Services supports students in job-hunting and preparation. As of August 2021, this MBA costs $12,800. Accelerated, eight-week courses allow learners to earn their degree in 15 months. UL Lafayette offers five annual start dates.
UL Lafayette is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
CMU in Mount Pleasant, Michigan, offers an online MBA in entrepreneurship that prepares graduates for leadership roles in a global economy. This program is accredited by the Association to Advance Collegiate Schools of Business. Enrollees gain advanced skills in business-related disciplines such as marketing and finance.
Learners complete 27 core course credits. Core courses cover topics such as global business and sustainability. Other core courses cover financial analysis and risk management. Degree-seekers also complete nine entrepreneurship-related credits. These courses cover topics such as venture capital and entrepreneurial acquisitions.
CMU offers three annual start dates. Applying early may improve admission prospects. Applicants need a bachelor's degree and a minimum 2.7 GPA. Prospective students submit a professional resume and a personal statement.
CMU is regionally accredited by the Higher Learning Commission.
The Citadel is a public senior military college in Charleston, South Carolina. The school educates military and non-military students. Only cadets attend on campus. However, The Citadel offers many online programs for non-military learners. The Tommy and Victoria Baker School of Business offers an online MBA with electives in entrepreneurship.
The program's core curriculum covers topics such as information technology management and accounting for executives. Enrollees also study strategic marketing and global business strategy. Learners participate in a strategic consulting experience.
Concentration coursework covers entrepreneurship and managing innovation. Degree-seekers gain skills in entrepreneurial process and business planning. The Citadel maintains a 12-to-1 student-to-teacher ratio.
The Citadel is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Cedarville is a Christian university in Cedarville, Ohio. The school offers an online MBA in innovation and entrepreneurship that serves working students seeking career advancement. The online MBA is taught in partnership with the International Center for Creativity. The program is accredited by the Accreditation Council for Business Schools and Programs.
Enrollees gain skills to support innovative, creative solutions for a changing market. Cedarville's online MBA approaches business through a biblical lens that focuses on service-oriented leadership and strong ethics.
Core courses cover topics such as managerial economics and executive financial management. Enrollees also complete core quantitative, ethics, and capstone courses. Entrepreneurship courses cover emerging trends and opportunities for innovation. Degree-seekers also take a course on biblical and theological foundations for graduate study.
Enrollees complete the accelerated program in 1-2 years, depending on their enrollment pace. Each course lasts seven weeks. Cedarville is regionally accredited by the Higher Learning Commission.
Penn State World Campus offers an online MBA with a concentration in corporate innovation and entrepreneurship. The curriculum focuses on holistic, team-based approaches to solving real-world business problems. Degree-seekers build skills in business analytics, personnel management, and critical thinking. Interested students may pursue graduate certificates or dual master's degrees while earning their MBA.
The MBA program requires 39 core credits and nine elective credits. Students begin their program with an on-campus or online residency. Core coursework covers business strategy and managing the digital economy. Other courses cover global strategic management and ethical business leadership.
Learners study business modeling and new venture creation. They also examine emerging trends and technologies for corporate innovation. Enrollees can start their program during any semester and choose their enrollment pace. Students receive personalized advising and career coaching. The program also offers networking opportunities and optional global immersion trips.
Penn State World Campus is regionally accredited by the Middle States Commission on Higher Education.
Bay Path is a private, nonprofit university in Longmeadow, Massachusetts. The school offers an online MBA in entrepreneurial thinking and innovative practices. The program accepts new and experienced business students. Learners develop advanced skills in problem-solving, decision-making, and innovation.
Bay Path's 36-credit, cohort-based program fosters an interactive, collaborative, and supportive learning environment. Enrollees complete 10 core courses and two elective courses. Coursework covers business analytics and managing innovation. Degree-seekers also study project management and high-performance leadership strategies.
New students can begin classes at three annual start dates. Courses last eight weeks. Students can enroll part time or full time. Learners can earn their MBA in 12-24 months, depending on enrollment pace. Online students can use Bay Path's career and tutoring services.
Bay Path is regionally accredited by the New England Commission of Higher Education.
Babson is a private nonprofit institution in Wellesley, Massachusetts. The school's part-time MBA in entrepreneurship program focuses on real-world applications. Online MBA core requirements include a semester-long client consulting project. Babson's flexible MBA curriculum allows enrollees to customize the program. Electives constitute two thirds of Babson's 45-credit online MBA.
Degree-seekers complete three entrepreneurship foundation courses. These courses cover new venture creation, entrepreneurial finance, and managing a growing business. Participants choose from dozens of entrepreneurship electives. Some options include women's entrepreneurship and leadership and public policy entrepreneurship. Students can also explore food entrepreneurship and the gig economy.
Babson's MBA program allows self-pacing and offers online evening classes and weekend intensives. The program offers five annual start dates.
Babson is regionally accredited by the New England Commission of Higher Education.
Syracuse's Martin J. Whitman School of Management offers an online MBA with a specialization in entrepreneurship. The program focuses on new product development and corporate innovation. Participants develop skills in feasibility analysis and entrepreneurial management. Entrepreneurship coursework includes foundation courses in business-related disciplines.
All students take a global entrepreneurial management course. Learners take two extra courses such as venture capital and corporate entrepreneurship. Enrollees can complete the program's required 36 core credits and three elective courses in 24 months. Interested learners can participate in the Panasci Business Plan Competition. The competition awards funding to winning business ideas.
Syracuse is regionally accredited by the New England Commission of Higher Education.
Trevecca is a Christian liberal arts university in Nashville, Tennessee. The school approaches business through a biblical worldview and focuses on ethics and service. Trevecca's online MBA program offers an entrepreneurship and innovation concentration. Students complete coursework in marketing, accounting, and global business.
Enrollees can complete Trevecca's accelerated MBA in 15 months by taking two courses per term. Some working students take one class per term and finish in 22 months. The cohort-based program encourages a supportive learning environment that integrates business and faith. Trevecca's MBA includes a professional mentoring program.
Core classes cover topics such as organizational behavior and leadership. The concentration includes courses in entrepreneurship and innovation. Applicants need a bachelor's degree from an accredited school and a 2.75 GPA. Trevecca does not charge application fees or require GMAT scores.
Trevecca is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
Concordia in Mequon, Wisconsin, offers an online MBA in innovation and entrepreneurship that accommodates working students. This MBA program includes five core courses, four concentration courses, and two experiential learning courses. Enrollees also complete a capstone course.
This accelerated MBA features eight-week courses. Participants can complete the 36-credit program in less than two years while working full time. MBA students can participate in internships, dual-degree programs, and week-long study-abroad experiences in China and Austria. Enrollees complete core courses in managerial economics and ethics and organizational leadership.
Degree-seekers choose five elective courses in topics such as strategic innovation and new venture formation. Participants receive industry certificates and professional examination preparation in their concentration areas. Enrollees may transfer up to six graduate credits.
Concordia is regionally accredited by the Higher Learning Commission.
LRU is a private, nonprofit, Lutheran university in Hickory, North Carolina. The school offers a 36-credit, online MBA in entrepreneurship. The program is accredited by the Association to Advance Collegiate Schools of Business.
The MBA teaches global business perspectives, ethical conduct in management, and creative problem-solving. LRU's Center for Commercial and Social Entrepreneurship connects students with various resources. The Center's Innov828 Business Incubator program provides students with legal assistance, mentorship, and funding.
The program offers three annual start times. Full-time students can earn their degree in four semesters. Enrollees complete core courses in foundational business disciplines such as supply chain operations and organizational behavior. The MBA program maintains a 12-to-1 student-to-teacher ratio.
LRU is regionally accredited by the Southern Association of Colleges and Schools Commission on Colleges.
All data was collected between 6/14/21 and 7/3/21. Respondents were fielded by Lucid LLC. All 343 respondents in the study were screened by multiple quality checks, including systems like Relevant ID, and responses were manually reviewed to ensure consistency and accuracy. Survey participants include 169 currently enrolled MBA students and 174 graduates from MBA programs within the past 6 years. Respondents are between 21 and 78 years of age and identified as 45% Female, 54% Male, and 1% non-binary.
Student testimonials have generally been obtained with the offer of compensation for completion of a survey (e.g., entrance into a gift card drawing). Such testimonials are the opinions of such students and surveys are designed to avoid influencing such testimonials either positively or negatively. All student respondents were supplied by Lucid LLC.
Thomas Broderick is a freelance writer and the owner of Broderick Writer LLC. He creates study guides, informational websites, and blog posts for clients in the education field. Thomas is also a published author of over 20 short stories and a member of the Science Fiction & Fantasy Writers of America.