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

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Masters in Entrepreneurship and Innovation

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 NameMasters in Entrepreneurship and Innovation
Duration1 or 2-year courses available
FeesAround 20,000 to 30,000 GBP
Job ProfileBusiness manager, Business or financial consultant, Research developer, Management analyst, Franchise owner, project manager, etc
Salary£5,500 per annum

Must Read: Masters in strategic management 

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 NameLocationCourse NameFees
1.Lancaster University Management SchoolEngland, UK

MSc Entrepreneurship and InnovationUK / EU £13,000
International £20,000
3.The London School of Economics and Political ScienceLondon, UKMSc Social Innovation and Entrepreneurship
UK/EU: £30,684
Overseas: £31,260
4.Imperial College Business SchoolLondon, UKMSc Innovation, Entrepreneurship & ManagementFees: £29,500
5.Cranfield School of ManagementEngland, UK
Management and Entrepreneurship MScEU fees £12,000Overseas fees £20,500
6.University of Bath School of ManagementEngland, UK
MSc in Entrepreneurship and Management
Home/EU: £14,000Overseas: £20,000
7.The University of ManchesterEngland, UKMSc Innovation Management and Entrepreneurship
UK/EU students (per annum) £13,000International students (per annum) £20,000
8.City University – Cass Business SchoolEngland, UKEntrepreneurship MSc
9.The University of WarwickEngland, UKMSc Innovation and Entrepreneurship (IAE)Overseas £27,160Home & EU £14,820(


  • 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)

Must Read: Top Entrepreneurs in India: Success Stories You Need to Hear

Cost Of Living in UK

Kind Of ExpenseCost in GBP and INR
Fees For Visa Application348 GBP (INR 35,834)
Housing500 GBP (INR 51,486) monthly
Transportation150-200 GBP (INR 15,445 to INR 19,844) monthly
Food150-200 GBP (INR 14,883 to INR 20,594) monthly
Clothing And Leisure50 GBP (INR 5,148) monthly
Telephone and Mobile50 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.


Q1. What is a Master in Innovation and Entrepreneurship?

Ans. A Master’s in Innovation and Entrepreneurship is an advanced academic program that focuses on developing skills and knowledge related to creating and managing innovative businesses and projects. It covers areas such as identifying market opportunities, developing business plans, fostering creativity, understanding market trends, and acquiring the tools needed to navigate the challenges of starting and growing successful ventures. The program typically includes coursework, practical projects, and networking opportunities to prepare students for careers in entrepreneurship, innovation management, and related fields.

Q2. Which is better MBA or an MSc in innovation and Entrepreneurship?

Ans. Choosing between an MBA and an MSc in Innovation and Entrepreneurship depends on your goals. An MBA offers broader business knowledge and leadership skills, while an MSc offers specialized expertise in innovation and startups. Consider career aspirations and desired skill focus when deciding between the two programs.

Q3. Why did I choose MSc Entrepreneurship and Innovation?

Ans. An individual must opt for an MSc in Innovation and Entrepreneurship if it aligns with their passion for innovative ventures. This program offers specialized skills crucial for startup success. It’s a direct path to honing creativity, market insight, and entrepreneurial acumen, empowering me to excel in the dynamic world of business innovation.


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!

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