Entrepreneurship is a dynamic process of transforming innovation into a business by identifying the opportunity, acquiring resources, creating value, and developing things outside the box while addressing all the challenges. The person who carries out the dynamic process of entrepreneurship is known as an entrepreneur. An entrepreneur has the potential to overcome all the risks and establish a successful business. There are many renowned colleges abroad that offer top-notch entrepreneurship programs. If you wish to build a career as an Entrepreneur, then you must check out the Best Colleges for Entrepreneurship.
Why Study Entrepreneurship?
Entrepreneurship is ideally suited for imaginative and resourceful students who possess a deep enthusiasm for generating value. An entrepreneurial program offers an excellent opportunity to cultivate and delve into your ideas, while simultaneously broadening professional connections, acquiring business expertise, and gaining theoretical knowledge. Studying entrepreneurship has various benefits such as:
- It provides a platform to bring about an individual’s creative and innovative ideas.
- It allows a person to align passion with entrepreneurship.
- It equips a person with various skills such as leadership, problem-solving, communication and adaptability.
- It empowers an entrepreneur to impact society positively by filling the gaps and identifying opportunities.
- An entrepreneur gains independence to be his boss and create his way.
Structure of the Entrepreneurship Program
Entrepreneurship is a popular joint-honours degree program, providing students with the opportunity to stay in the realm of entrepreneurship while pursuing their studies in other disciplines. It can be studied at an undergraduate or postgraduate level. While the undergraduate course will take up to three to four years, the postgraduate course in entrepreneurship will take up to two years. Some universities offer PhD in entrepreneurship which applies to three years of study at least.
The curriculum of the program varies across universities, ensuring a proper learning experience. The program allows a personalised selection of subjects by involving core and elective options. Some expected entrepreneurship program courses abroad include:
- Entrepreneurship Theory
- Data Analytics
- Business and its strategies
Best Colleges for Entrepreneurship Abroad
Some of the best colleges to study entrepreneurship worldwide along with their fees and world rankings are:
|University||QS World Rankings 2023|
|Babson College, F.W. Olin Graduate School of Business||68|
|Massachusetts Institute of Technology, Sloan School of Management||1|
|University of California— Berkeley, Haas School of Business||36|
|University of Michigan— Ann Arbor, Ross School of Business||29|
|University of Pennsylvania, The Wharton School||101|
|Indiana University, Kelley School of Business||38|
|University of Texas— Austin, McCombs School of Business||72|
|University of Southern California, Marshall School of Business||134|
Eligibility Criteria for Entrepreneurship Colleges Abroad
The eligibility criteria and the application may vary across the university and country but the basic qualification criteria to pursue an Entrepreneurship degree from abroad are as follows:
- The minimum aggregate score of 50% in higher secondary class.
- Completion of graduation in a discipline from a recognized university with a minimum aggregate score of 60%
- Proficiency in English is demonstrated by qualifying in any of the recognized English proficiency tests such as IELTS, TOEFL, and PTE, among others.
- A minimum of work experience is required for consideration.
Future Scope of Entrepreneurship
With the emergence of new opportunities, technology, and a promising business landscape, the future scope of entrepreneurship is highly demanding and fulfilling. The rise of e-commerce has transformed and opened new ways for entrepreneurship. Consumers are seeking personalised experiences which can be fulfilled by entrepreneurs by leveraging technology and data analytics. The area of entrepreneurship is not limited, rather offers a large landscape of societal, economic and technological changes.
The salary of an entrepreneur in India can range from INR 1.1 Lakhs to INR 30 Lakhs. On average, the annual salary of an entrepreneur is INR 6.5 Lakhs.
The average annual salary of an entrepreneur abroad is $43,200 (INR 35 Lakh). It usually starts from $29,000 (INR 23-24 Lakh) and goes up to $1,33,000 (around 1 cr).
USA, UK and Canada are the best countries to pursue entrepreneurship programs.
A business degree in entrepreneurship is considered the best degree.
No, to pursue the course of entrepreneurship an MBA is not compulsory but can be the first step to start with.
This was all about the best colleges in entrepreneurship abroad. If you are planning to opt for an entrepreneurship program abroad in the best entrepreneurship college, then you can reach out to Leverage Edu. or call us at 1800572000 to book a free study abroad consultation today.