Online MBA in Entrepreneurship Programs 2021

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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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Top 10 Online MBA in Entrepreneurship

MBA Entrepreneurship Students Frequently Asked Questions

  • 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.

  • 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.

  • 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.

  • 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.

Online Guide to Accredited Colleges and Universities

How Much Does an Entrepreneurship Degree Cost?

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.

How Much Do Entrepreneurship Majors Make?

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.

Business License

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.

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The Entrepreneur's 2.0 Digital Marketing Tools

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.

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The Entrepreneur and Business Skills

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.

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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.

  • BOTH Scholarship

    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.

    Amount: $1,000

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  • Joseph Zukin Jr. Scholarship for Entrepreneurship

    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.

    Amount: $5,000

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  • Lily Pabilona Emerging Entrepreneur Scholarship

    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.

    Amount: $1,000-$5,000

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Online MBA in Entrepreneurship Programs 2021

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