Study Masters in Entrepreneurship and Innovation in the UK: A Guide

The postgraduate program in Entrepreneurship and Innovation equips individuals to approach their careers with greater creativity and flexibility. By honing qualities such as passion and motivation, this course empowers businesses to flourish. It provides comprehensive insights into various business domains and cultivates an entrepreneurial mindset crucial for building thriving enterprises.

In this article, we will delve into the significance of pursuing a master’s in entrepreneurship in the UK, explore its curriculum, highlight esteemed universities offering this two-year advanced course, delve into career opportunities, and more.

Course Name	Masters in Entrepreneurship and Innovation
Location	UK
Duration	1 or 2-year courses available
Fees	Around 20,000 to 30,000 GBP
Job Profile	Business manager, Business or financial consultant, Research developer, Management analyst, Franchise owner, project manager, etc
Salary	£5,500 per annum

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Why Pursue Masters in Entrepreneurship and Innovation?

This comprehensive two-year program delves into practical business knowledge and strategies, elevating your decision-making, problem-solving, critical thinking, and interpersonal skills. It’s a chance to apply your learning to real-world challenges.

A respected university’s MS in Entrepreneurship and Innovation course could be an excellent fit. Is a family business or private venture part of your picture? This master’s is tailor-made for scaling up family enterprises or embarking on new ventures. Ready to explore further?

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Top Universities Offering Masters in Entrepreneurship and Innovation in the UK

No.	University Name	Location	Course Name	Fees
1.	Lancaster University Management School	England, UK	MSc Entrepreneurship and Innovation	UK / EU £13,000 International £20,000
3.	The London School of Economics and Political Science	London, UK	MSc Social Innovation and Entrepreneurship	UK/EU: £30,684 Overseas: £31,260
4.	Imperial College Business School	London, UK	MSc Innovation, Entrepreneurship & Management	Fees: £29,500
5.	Cranfield School of Management	England, UK	Management and Entrepreneurship MSc	EU fees £12,000Overseas fees £20,500
6.	University of Bath School of Management	England, UK	MSc in Entrepreneurship and Management	Home/EU: £14,000Overseas: £20,000
7.	The University of Manchester	England, UK	MSc Innovation Management and Entrepreneurship	UK/EU students (per annum) £13,000International students (per annum) £20,000
8.	City University – Cass Business School	England, UK	Entrepreneurship MSc	£23,500
9.	The University of Warwick	England, UK	MSc Innovation and Entrepreneurship (IAE)	Overseas £27,160Home & EU £14,820(

Eligibility

• Completion of a 3 to 4-year bachelor’s degree in a relevant field is essential.
• GMAT/GRE scores are typically needed by many universities.
• Proficiency in English through IELTS, TOEFL, or PTE exams is a requirement. Some universities may also conduct personal interviews.
• While some UK universities request 2 years of work experience, it’s not universally mandatory.

Documents Required

You must keep the essential documents ready before starting your application for pursuing higher studies from the universities in the UK. Following are the general documents required for Masters in the UK:-

• Copy of a valid passport
• Scorecard of English proficiency tests like TOEFL/IELTS 
• GMAT/GRE for Masters programs
• Academic Transcripts in English only
• Letter of Recommendation (LOR)
• Portfolio (for specific courses)
• CV 
• Statement of Purpose (SOP)

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Cost Of Living in UK

Kind Of Expense	Cost in GBP and INR
Fees For Visa Application	348 GBP (INR 35,834)
Housing	500 GBP (INR 51,486) monthly
Transportation	150-200 GBP (INR 15,445 to INR 19,844) monthly
Food	150-200 GBP (INR 14,883 to INR 20,594) monthly
Clothing And Leisure	50 GBP (INR 5,148) monthly
Telephone and Mobile	50 GBP (INR 5,148) monthly

Careers and Average Salary

Graduates have two main choices: starting a venture right after graduation or gaining industry experience first. Thus, the students become competent to work in the following areas:

• Applying knowledge to own business concepts to build a new company
• Taking responsibility for larger organizations, like scale-ups or family enterprises, in the development of products or markets 
• Consulting jobs

Job Profile	Average Salary
Business Analyst	€60,886 /yr
Sales Manager	€74,400 /yr
Business Consultant	€55,000 /yr

However, the average salary depends on factors like location, industry, and role. The average US salary after a Master’s in Entrepreneurship & Innovation is $69,000.  Renowned institutions like HEC Paris quote that 75% of students start their start-ups, with an average starting salary of EUR 51,000. And Vlerick Business School mentions that the average salary is $64,768 three years after graduation.

FAQs

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Is your startup poised for significant growth? With renowned institutions providing Entrepreneurship and Innovation Master’s programs, you can cultivate your business concept into a viable enterprise. Utilize our AI tools or join a complimentary 30-minute career advisory session with Leverage Edu experts to choose the ideal university that suits your unique preferences, enabling you to confidently embark on a fulfilling professional journey!