MBA in Entrepreneurship

Entrepreneurship is one of the most expensive MBA specialisations overseas at top universities. It is a one or 2-year program that students can pursue full-time or part-time. The degree opens up diverse opportunities for students as they can start their own business or get a desirable job like most MBA graduates. Overall, it's a perfect course for candidates wishing to become entrepreneurs, as we will see later in this article. If you are interested, please continue reading.

MBA in Entrepreneurship: Course Highlights

Let us begin with the fundamental highlights of the MBA in the Entrepreneurship program.

These details will help you conclude whether the course is right for you or not.

Program

Postgraduate

Course

MBA in Entrepreneurship

Duration of the Course

between 1 and 2 years (based on the top 5 universities)

Eligibility Criteria

{High school (10 + 2 equivalent), 60% recommended}, bachelor’s degree (preferably in business such as BBA),  {IELTS, PTE, or TOEFL (IELTS 6.5 or equivalent recommended)}, and entrance exams such as GMAT or GRE

Entrance Exams

{IELTS, PTE, or TOEFL (IELTS 6.5 or equivalent recommended), and GMAT or GRE 

Tuition Fees

Between 1810000 and 7280000 INR (based on the top 5 universities)

Jobs 

Fundraiser and Development Officer, Sales Manager, Small Business Owner, etc.

Average Salary

541800 INR (based on 5 jobs)

What is an MBA in Entrepreneurship?

The entrepreneurship specialisation in MBA is ideal for students looking forward to starting their own successful business venture. In general, you will study all the MBA subjects plus entrepreneurship-focused classes. For example, venture capital and asset management.

Best Colleges for MBA in Entrepreneurship

The first four universities on our list are among the top 10 universities per the QS universities. In addition, all top 5 universities offering MBA in Entrepreneurship degrees on our list are amongst the leading 100 according to QS World University Rankings 2022.

S.NO

University Name 

Country 

QS World Ranking

1

Stanford University

The USA

3

2

The Massachusetts Institute of Technology (MIT)

The USA

1

3

Harvard University

The USA

5

4

Imperial College

The UK

6

5

The University of Copenhagen

Denmark

82 

MBA in Entrepreneurship: Syllabus

The core curriculum for your MBA in Entrepreneurship includes primary and elective subjects. 

Below we have listed all of them for your reference, providing general MBA and entrepreneurship-related topics: 

  • Fundamentals of Entrepreneurship.
  • Principles and Practice of Management.
  • Principles of Marketing Management.
  • Accounting and Finance for Managers.
  • Social Entrepreneurship.
  • Business Environment.
  • Operations Management.
  • Corporate Communication.
  • Entrepreneurial Finance.
  • Introduction to Taxation.
  • Production & Operations.
  • Project Management.
  • Contemporary Issues in Strategy.
  • Managing Start-Up Strategic Framework for SMEs.
  • Business Environment and Ethics.
  • Managing Diversity.
  • Rural and Industrial Marketing.
  • Legal Aspects of Business.
  • Technology Innovation and Sustainable Enterprise.
  • Enterprise Resource Planning.
  • Entrepreneurship Process & Behavior (Elective).
  • Creativity & Innovation in Entrepreneurship (Elective).
  • Business in Emerging Market (Elective).
  • Small Business Management (Elective).
  • Enterprise Growth & Succession (Elective).
  • Family Business Management (Elective).
  • Building Entrepreneurial Culture & Team (Elective).
  • Corporate Culture & Intrapreneurship (Elective).
  • Strategies for Small Business Management (Elective).
  • Innovation & Creativity in Business (Elective).
  • Emerging Business Sectors & Technologies (Elective).
  • Managing Corporate Entrepreneurship (Elective).
  • Leading Change in Family Business (Elective).
  • Business Opportunities in Retailing & Franchising (Elective).
  • Corporate Entrepreneurship (Elective).
  • Managing a Growing Business (Elective).
  • Social Entrepreneurship (Elective).
  • Family Business Management (Elective).
  • Financing New Business Ventures (Elective). 

Cost of Studying MBA in Entrepreneurship

An entrepreneurship specialisation in MBA at the top universities abroad is one of the most expensive business administration postgraduate programs, and so are the returns. Therefore, we recommend a budget of around 8000000 INR for the same.

S.NO

University Name 

Course 

Duration

Tuition Fees in INR

1

Stanford University

MBA

2 years

6250000

2

The Massachusetts Institute of Technology (MIT)

MBA Entrepreneurship and Innovation Track

2 years

7280000

3

Harvard University

MBA in Entrepreneurship and Innovation

2 years

1810000

4

Imperial College

MBA in Entrepreneurship and Innovation

1 year

7140000

5

The University of Copenhagen

MBA

NA

NA

Eligibility Criteria for MBA in Entrepreneurship

Other than these general eligibility criteria we have mentioned below, there may be some additional university-specific guidelines, so we recommend you to check with your university before applying. Also, please look down at the MBA requirements for the entrepreneurship concentration.

  • A bachelor's degree in a business area such as BBA with at least 60% or equivalent GPA is preferred. However, you can apply with any bachelor's degree overseas.
  • International students from non-English-native countries need to give an exam such as IELTS and submit their scores. We recommend scoring a minimum of IELTS 6.5 or equivalent.
  • GMAT is also mandatory for any MBA specialisation. However, some universities have other criteria, so check the official website of your selected institute for specific requirements.
  • Having a work experience of at least 2-3 years will also increase your chances of getting selected. 

Exams Required for MBA in Entrepreneurship

For an MBA in Entrepreneurship from one of the top colleges for MBA on our list, the minimum bar requirement for GMAT and IELTS is set very high. However, it's worth your time and effort as you will have the required skills to commence a successful business venture after graduation.

Name of the University

Exam Name 

Minimum Band Requirement

Stanford University

IELTS, GMAT

7.0, 730

The Massachusetts Institute of Technology (MIT)

TOEFL, GMAT

90, 720

Harvard University

IELTS, GMAT

7.5, 730

Imperial College

IELTS, GMAT

7.0, 600

The University of Copenhagen

IELTS, GMAT

7.0, 650

Scholarships to Study MBA in Entrepreneurship

Scholarships help international students greatly with financial aid; these awards cover tuition fees and other expenses. Some scholarships even cover the entire study expenses, so if you are eligible, you should surely apply for an available scholarship for your MBA in Entrepreneurship certification.

S.NO 

Scholarship Name

Description 

Eligibility 

Amount in INR

1

MIT Grant for Graduate Students with Children 

The Massachusetts Institute of Technology (MIT) awards this scholarship

NA

516354 (1 dependent child), 595793 (2 dependent children), or 675232 (3 or more children who are dependent on you) 

2

Need-based Scholarships

These scholarships are awarded by the Harvard Business School of the Harvard University

NA

6672884 (approximate average) worth of scholarships

3

Advisory Board Scholarship

The Imperial College Business School of the Imperial College in the UK offers this award

NA

Full tuition fee

4

Stanford GSB Need-Based Fellowships

These scholarships are awarded by the Stanford Graduate School of Business of the Stanford University in the USA

NA

6672884 (approximate average) worth of scholarships

 

Job Opportunities After MBA in Entrepreneurship

The best thing about being an MBA in Entrepreneurship graduate is that you can start as a small business owner immediately. However, you can even begin your career with a job such as a sales manager.

Job Profile

Salary in INR

Small Business Owner

450000

Business Consultant

890000

Business Reporter

350000

Sales Manager

600000

Fundraiser and Development Officer

419000

How to Study for an MBA in Entrepreneurship?

Please use this guide if you have any confusion or doubt about applying for an MBA in Entrepreneurship abroad. This section has broken down the complex procedure into simple and easy-to-follow steps. So please read below, and if you have any queries, don't hesitate to get in touch with us.

Step 1: Research and shortlist a nation and university offering an MBA in Entrepreneurship as per your career goals and interests.

Step 2: Visit official sources to check the eligibility criteria. You must ensure that you fit all of them before applying to the MBA program of your choice.

Step 3: The next phase is to gather and attest these documents.

  • Proof of funds.
  • At least 2-3 LORs.
  • Your SOP.
  • Your evidence of English language proficiency (IELTS, PTE, TOEFL, or equivalent scores).
  • Your academic transcripts.
  • A copy of your valid passport.
  • GMAT scores for MBA, some universities may ask for GRE instead.
  • Your graduate degree or equivalent qualification.

Step 4: The following step involves filling out an application form and attaching all the required credentials after clicking apply now on the desired course page.

Step 5: You may be asked to pay a non-refundable application amount after form submission. So be prepared for that.

Step 6: We recommend waiting at least a week for a decision on your application. During that time, you can master the nation's official language to be more confident for the duration of your course.

Step 7: Done.

Got any questions for us? Get in touch with AECC Global India and get satisfactory answers and expert assistance in your study abroad journey. Thank you for reading.


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