MBA in Entrepreneurship: Let’s Get Started

Do you want to be your own boss? Do you want to create something which contributes to society in a big way? Do you feel that in order to do something bigger and better, you must start from scratch and then build something of your own? Do you feel that taking risks is crucial for success, and you just have to take a leap of faith and act upon your instincts? Think about your answer to these questions. As a graduate, you do have a clear picture as to what is your field of interest. But choosing the right course which matches your interest is a tricky task. Individuals with great ideas and innovative imagination can opt for an MBA in Entrepreneurship. This would help them construct a strong base in the field of business, whatever be the service. But before that, let’s take a look at what exactly is this term known as ‘Entrepreneurship’.

Who is an Entrepreneur?

Entrepreneurs are enthusiastic individuals who are involved in the task of creating businesses by investing their resources in the hope of reaping great benefits in the future. Entrepreneurship plays an important role in the economy and startups experiment to generate revenue from investments be it at the domestic or an international level.

While the definition of ‘Entrepreneurship‘ has stayed constant, the growth of budding entrepreneurs have definitely evolved. There was a time when individuals didn’t have the skills to create something, many didn’t have the capital to buy something or a few were simply out of luck. So, those of you who aspire to create your own legacy in the world of business must have a firm grasp over the various concepts of business and marketing.

Benefits of Pursuing an Entrepreneurship Course

The main aim of pursuing an MBA in Entrepreneurship is to refine your managerial, leadership and entrepreneurial skills in a secure environment. Below discussed are some of the key elements taught in such courses:

1. Handling a Startup 

With a huge upshot in this direction, people need to learn all the fundamental skills necessary to create a business that would be steady when it is launched. So, it is rudimentary that an MBA in Entrepreneurship polishes your leadership and adaptability skills, so as to help you be more fluid. The degree course aims to teach you some of the important aspects of Entrepreneurship such as Risk Assessment, Sustained Networking, Employee Management and Delegation, etc. that would help you tackle all the hardships and professional challenges that life throws at you.

2. Building a Professional Network

Networking is a crucial aspect of handling a business because all those connections that you make on your way, sooner or later, might need you or vice versa. The best aspect to owe someone a favour is that you never know when it comes in handy.

3. Testing Your Business Models 

There is no such thing as a trial run when you get out there in the world of business. However, you can go for an MBA in Entrepreneurship, that can help you to test your business model and check out the ramifications, so that when the stakes are high and things are on the line, you are able to preserve your business. 

4. Decision Making

As an Entrepreneur, you start your plan in an environment which is filled with risks and uncertainties. So, making the right choice at the right time and to be able to act upon your instincts are things you might want to get proficient in. A master degree can always work to grow your academics qualifications along with developing skills which will help you in the long run.

Courses for MBA in Entrepreneurship 

MBA in Entrepreneurship offers a range of specialisation fields that aim to provide you with an Entrepreneurial experience along with industry-specific training to understand the core functioning of a startup. Moreover, these are also inclined towards teaching guidelines of social innovation.

Let’s take a look at some of these specific courses offered under the term Entrepreneurship:

• Financing, Managing and Marketing New Ventures
• Clean Energy Innovation, Regulation and New Business Models 
• Product Design and Manufacturing 
• Entrepreneurial Finance 
• Venture Capital 
• People Operations from Startup to Scaleup 
• Legal Structures behind a Startup 
• Patent Law and Strategy for Innovators and Entrepreneurs 
• Industry-specific courses that focus on strategies in tech-based companies
• Innovation in Health-care Management 
• Sustaining a Startup

Also read: Entrepreneurship Development Program

Top Colleges Offering MBA in Entrepreneurship

A master’s degree from any of the top business school or university offers a rewarding career. These institutions are equipped with world-class academics along with an infrastructure that supports both learning and corporate training at the same time. 

Here are some of the prominent institutions offering courses in Entrepreneurship:

Universities QS World Ranking 2023
Stanford University 4
University of Oxford 9
Imperial College Business School  25
University of California, Berkeley 12
London Business School 3
HEC Paris 10
The University of British Colombia 36
Wharton Business School (UPenn) 2
MIT Sloan School of Management 5
Babson College 39

Career Prospects

MBA in Entrepreneurship equips students to learn the necessary business skills that are required for effective management dynamic in the business world. Students will be trained to be proficient in various business aspects including accounting, commercial, management, and leadership. Pursuing an MBA in Entrepreneurship will allow you to connect with industry professionals and networks with peers in the field which is the core of every business venture.

Job Profile and Salary

The following are the popular career path after pursuing MBA in Entrepreneurship:

Job Profile Avg. Salary
Business Analyst 6.9 Lakh
Sales Manager 4.8 Lakh
Business Consultant 12.17 Lakh
Business Reporter 5.5 Lakh
Investment Analyst 6.8 Lakh

Also Read: Subjects in Commerce Stream

If you’re an aspiring Entrepreneur searching for the right direction to pursue your ambition, an MBA in Entrepreneurship is highly preferred choice. You can also reach out to our counsellors at Leverage Edu, who can accelerate your growth in identifying the right university as per your interest.