Entrepreneurship is the order of the day. The spirit of entrepreneurship doesn’t necessarily have to do only with starting up a business, and entrepreneurial skills are in high demand even in corporate jobs to grow to leadership roles.
Though until a few years ago entrepreneurship was a self-taught trait, it is no more the case, many MBA programs have given structure to this skill and made it into a pursuable course.
Top MBA Programs for Entrepreneurship Globally
Most of the top universities and b-schools in the world offer entrepreneurship as a subject and even a full-time course. We give you a list of the top 10 entrepreneurship programs in the world.
1. Stanford University (CA)
Startup Garage is a very different program that Stanford offers where students can learn to establish a business and put their training to practice. Students get an opportunity to work in teams to spot needs and design business models around them. Startup Garage also helps them launch their products or services that solve a problem.
2. IE Business School
This business school situated in Madrid. The entrepreneurship course at this school is focused on transforming students into well-skilled entrepreneurs and professionals. This MBA program has ten areas of focus, which include subjects based on fundamental business concepts, elective subjects, and customizable labs.
3. Imperial College Business School
Imperial College Business School offers a great blend of entrepreneurial skills and creative thinking. This college host a highly accomplished faculty and student network that spans across the subjects of engineering, medicine, science, business, and technology.
4. Saïd Business School (Oxford)
This business school offers a one-year program where the first two terms concentrate on fundamental subjects like marketing, accounting, strategy, leadership, operations, technology, and analytics. Whereas, the focus on the third term would be on the elective subjects.
5. ESADE Ramon Llull University
This university aims to build and nurture innovate leaders through the concept of Creactivistsn(Creative Activists). This concept consists of 4Cs of fundamental competencies:
- Critical Thinking
- Collaborative Leadership
- Communication Skills
6. Harvard University (MA)
Though this B-school’s name itself speaks for itself, the highlight of the entrepreneurship program would be Harvard’s annual New Venture Competition which allows students to compete against each other for monetary rewards up to $75,000 to aid ideas of new social or other enterprises.
7. IESE Business School
IESE Business school allows students to choose the duration of their MBA course. It gives an option of 15 months or a 19 months program that focuses on the development of both leadership and technical skills.
8. University of California—Berkeley (Haas)
Students of Berkeley Haas Entrepreneurship program have an advantage of an array of programs, subjects, and events. These include hackathons, networking events, and startup competitions.
9. University of Pennsylvania (Wharton)
This school located in Philadelphia allows successful applicants to win rewards from the Penn Wharton Innovation Fund. This fund gives the most deserving business projects of student entrepreneurs a chance to win up to $5000.
10. Judge Business School (Cambridge)
This is a one year MBA program that attracts students from more than 40 countries all over the world. The program concentrates on the practical aspects of the business world rather than just focusing on the theoretical aspects.
If you want to enhance the entrepreneurial skills within you, an MBA in entrepreneurship can give you an extra nudge towards your dreams. It would also help you get access to valuable networking opportunities.
Scope of MBA Entrepreneurship:
An MBA in entrepreneurship will prepare you to venture into the industry you are passionate about and want to work in. Most colleges that offer entrepreneurship specialization offer elective courses or subjects on specific industries. By choosing specific industries that you are interested in, you can narrow down your focus to that industry as well as learn the nitty-gritties of that industry which are specific to that.
In case you are planning to take up your family business after your MBA, then it is even easier for you as you would have a clearer idea about the industry you want to learn about.
Most of these institutes also provide incubator cells where experts will guide young startups until they are ready to take off in the market on their own. These incubator cells offer great support to young entrepreneurs by providing them technical and knowledge support in the initial stages of the business.
Can you take up a job after MBA in Entrepreneurship?
It is a common doubt that most MBA Entrepreneurship aspirants seem to have. This confusion could mainly arise because few of the colleges offering this course don’t offer placement services to the students of this course. Whether or not your college offers placement services for MBA in Entrepreneurship, the graduates of this course are equally employable as students of any other MBA course.
As a part of MBA Entrepreneurship, you would get to learn all the subjects you would otherwise learn in a general MBA such as Finance, Marketing, Human resource management etc.
You would additionally learn other subjects which are vital to run your own business. Hence, the entire subject you learn in the course would be useful in any organization. Additionally, MBA in entrepreneurship would build up the right attitude in you to take initiatives and to identify and fix problems in any function of the business which could be an add-on quality that any employer would be looking for.
The compensation paid to the MBA entrepreneurship graduates is not very less compared to the other postgraduates. The following are the few statistics related to the compensation of MBA entrepreneurship graduates.
Average Salary: $ 98,000
Top jobs recruited into Average Salaries offered
Business Development Officer $ 115,000
Financial Controller $ 98,000
Product Marketing Manager $ 100,000
Management consultant $ 121,000
Senior Financial Analyst $ 90,000
Operations Manager $ 81,000
Source: Payscale.com The range of opportunities that MBA entrepreneurship provides is wide and varied. If it is your cup of tea, then you should definitely go for it!