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Masters in Entrepreneurship

Historyis filled with many examples of people who started their own businesses. A majority of businesses today started out as entrepreneurial initiatives, and now they employ more than half of the the workforce in the country.

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If you have wishto be your own boss and follow through with a unique idea from conception to implementation, you should consider a degree in entrepreneurship. The field of entrepreneurship focuses on setting up, managing and running a business, in addition to various operational aspects such as product development and testing, marketing, financial management and a number of other areas.

Admission Requirements

In order to enroll in the Master’s in Entrepreneurship (MSE) degree, applicants must have a bachelor’s degree in a business related field.The preferred fields can be business administration, finance, marketing or even entrepreneurship.
In addition to educational requirements, students may also have to submit the following:

GMAT test score
Proposal for a new business venture
Entrepreneurial or other related work experience
Letters of recommendation from instructors or employers
Previous transcripts
Personal Statement

Program Objectives

Master’s in entrepreneurship is a degree with a very unique perspective. While most business degrees will teach you how to handle and run large organizations, the entrepreneurship degree focuses on how you can work for yourself rather than for some large corporation.
It strives to teach you the following objectives:

The ability to communicate and conceptualize the challenges towards identifying solutions
Promote self-efficacy in entrepreneurial situations
Improve the ability to use imaginative and innovative methods to evaluate processes, ideas, outcomes and experiences
Increase student competencies in risk management, business planning and resource leveraging
Increase the need to engage in entrepreneurial activity

Curriculum

The curriculum of master’s in entrepreneurship degree is divided into the three facets of real-life entrepreneurial ventures. The first course sequence is based on discovering your brainchild. The second set of courses is aimed towards developing a business model while the third and last set of courses is where you will learn how to present your business plan to investors.
The courses students are suggested to take are as follows:

Entrepreneurship and the Generation of New Venture Ideas
Personal Development and Leadership
Feasibility of New Venture Ideas
Legalities of Entrepreneurship
Financing
Marketing
IT Processes and Decision Support in Entrepreneurship
Integration in Business Operations

Students also take specialization courses in the areas of new venture setup, entrepreneurial finance, marketing, retail management and technological innovation. Before they graduate, students must complete a research project under the supervision of their professors.

Career Prospects

The focus of MSE programs is to create owners rather than workers. Graduates are expected to create their own ventures and jobs after graduation. As a graduate you will be fully equipped to start, manage, and grow business ventures.
The degree offers the knowledge and skills required that may be useful in launching your own business, and opens up opportunities at financial institutions and other entrepreneurial ventures. Depending on the size and success of the enterprise, you may be able to work towards related positions as well. If, for any reason you do not want to pursue self-employment, you will be equally equipped to handle administrative business positions, such as:

Human Resource Managers supervise the administrative functions of an organization, especially the ones directly related to the employees. Their annual median pay in 2012 was $99,720 while their expected job growth from 2012 to 2022 was 13%.
Administrative Service Managers are responsible for supervising most facets of an organization’s support services. Their annual median pay in 2012 was $81,080 while their expected job growth from 2012 to 2022 was 12%.

*The abovementioned salary figures taken from the Bureau of Labor Statistics

Entrepreneurs play the most important role in the growth of a country’s economy. There were over 500,000 number of businesses set up by entrepreneurs in the U.S. in 2010. According to the Bureau of Labor Statistics, small businesses are the most common entry point for entrepreneurs. So, if you want to add to the biggest growth factor of the US economy then a Master’s in Entrepreneurship is the educational pathway for you.

How Long Does It Take to Complete a Master in Entrepreneurship?

Many schools, such as the University of San Francisco and the Drexel University are offering a one year Master of Science (M.Sc.) in Entrepreneurship and Innovation program. Both online and on-campus classes are being offered to students. This program trains entrepreneurially minded individuals with a thorough understanding of what it’s like to work in small, medium and large sized enterprises, and venture capital firms.

What Are the Requirements to Complete a Master in Entrepreneurship?

In order to obtain a Masters in Entrepreneurship, students are expected to complete a total of 36 credits. They have to study modules like Philosophy of Entrepreneurship and Innovation, Internet Business Applications, Entrepreneurial Accounting & Finance, Entrepreneurial Law, and Product & Service Development. The cutting edge curriculum, simulations and specialized lecture sessions help train students to excel in their entrepreneurial ventures.

How Much Can I Make after Completing a Master in Entrepreneurship?

After completing a Masters in Entrepreneurship, graduates can start their own business. According to the US Bureau of Labor Statistics, self-employed workers formed about 10% of the overall workforce and enjoyed tremendous opportunities in a variety of sectors.

Frequently Asked Question(s)

Q:Can you name a few available Masters in Entrepreneurship jobs?

A:A Masters in Entrepreneurship degree holder can get a job in any organization at any level. Entrepreneurs are trained and skilled to handle under pressure situations as well as the traditional norms and procedures of the corporate world. Hence, job opportunities for Entrepreneurship degree holders can be Entrepreneurial Public Accounting Manager, Assistant or Associate Professor of Entrepreneurship, Instructor-Small Business Entrepreneurship, Business Innovation Department of any corporation, Risk and Analysis for New Ventures and many more.

Q:Can you name a few top universities for Masters in Entrepreneurship?

A:There are a bunch of accredited universities listed on our website that offer the Masters in Entrepreneurship Degree program. These offer the Masters in Entrepreneurship degree online as well as on their campus based institutes. Here are a few other universities for your convenience: Kaplan University Southern New Hampshire University Online, Post University Online, Walden University, Northeastern University, Jones International University, Benedictine University, South University and the University of Liverpool.

Q:What are the admission requirements for business entrepreneurship masters degree program?

A:Students who wish to enroll in Master’s degree in Entrepreneurship must fulfill the admission requirements. These conditions may vary from university to university. It is generally recommended that students must have completed a bachelor level degree in any similar field, have a minimum CGPA of 2.5, proof of high school education must be submitted (GED), letters of recommendation, prior work experience, portfolio of business projects if any, and satisfactory SAT scores.

Q:What jobs with an Entrepreneurship Masters degree can be pursued in the services sector?

A:Students with Majors in Entrepreneurship develop entrepreneurial and leadership skills needed in the business world. The type of jobs that can be pursued with this degree in the service sector are: consultant, financial consultant, e marketer, human resource manager, project manager, business development officer, business analyst, marketing analyst, research and development manager, event coordinator, reporter, and educator.

Q:How will a master of entrepreneurship help me with running my business?

A:If you already have a business, a Master of Entrepreneurship degree will give you the necessary skill set and tools to make sure you can make your business a success. In addition to teaching you about management methods, the degree also gives you in depth knowledge of how businesses work and how you can make yours more efficient.

Q:In the article on what jobs can I have with a Masters in Entrepreneurship, I came came across Venture Capitalist. What does a Venture Capitalist do?

A:The searching on what jobs can I have with a Masters in Entrepreneurship leads you to various career options, one of which is Venture Capitalist. A Venture Capitalist is a person who makes his investment in a business venture and provides the money required for expansion or start of a program. In brief, a Venture Capitalist is a person who is known as a professional investor.

Q:Which is the best paid Master in Entrepreneurship job?

A:A person with a Master in Entrepreneurship degree is paid highly in any chosen career. Individual holding this degree can either start their own business or get into a financial institute. The job positions after this degree include CEO of company, Corporate Vice President, Corporate President, Business Consultant or Employee Supervisor.

Q:Is an online master in entrepreneurship a good program option?

A:A master in entrepreneurship is an excellent career choice as it will help you land jobs in a variety of lucrative organizations. Going for an online degree is a smart option as it will allow you to study according to your own schedule from the comfort of your home. In addition to this online degree programs are generally cheaper than the regular ones.

Q:What are the entry requirements for masters in entrepreneurship online?

A:The entry requirements for a master's degree in entrepreneurship will depend on which school you are applying to. Generally speaking you will need a four years bachelor's degree and letters of recommendations from your previous instructors or employers. In addition to this schools also look for high standardized test scores.

Q:How long is an online masters entrepreneurship?

A:A master's degree in entrepreneurship normally takes two years to complete. However, online programs offered in entrepreneurship are self paced and vary in their duration. It will depend on the student, as well as the institute. Students can choose to complete the courses earlier or later than the standard time.

Q:Can you please name a few courses I will be studying in a Ma in Entrepreneurship degree?

A:An MA degree in entrepreneurship will cover a wide range of subjects such as the following: leadership styles, financial analysis, control systems, sales management, innovation and change, business model generation, management of change, and business management. The exact curriculum will vary slightly from college to college. Take a look at our page for more detail.

Q:What to do with a masters in entrepreneurship?

A:After completing a master's degree in entrepreneurship, you can set up your own business or organization. Other than that you may be able pursue a management job such as an administrative service manager. According to the United States Bureau of Labor Statistics (BLS), the annual median salary of administrative service managers in 2012 was $81,080.

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