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MBA in Entrepreneurship: Unlock Business Success in 2024!

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Aayushi

19 December, 2023

MBA in Entrepreneurship: Unlock Business Success in 2024!

According to the Small Business Administration, over 50% of startups fail within the first five years and around 67% fail within the first 10 years of operation. The primary reasons for this staggering failure are a lack of planning, lack of measurable goals and an inability to define specific tasks & deadlines.

Luckily, an MBA in Entrepreneurship can equip you with the right knowledge and adequate skills to manage all the above-mentioned deficits. Not just this but during the course, you will come across numerous opportunities to expand your network and develop good negotiation skills.

The degree is designed to nurture budding entrepreneurs into future business leaders. By serving as an opportunity to work on real-time projects, the MBA in Entrepreneurship programme will help you stay up-to-date with all the latest happenings in the industrial world.

What is an MBA in Entrepreneurship?

An MBA in Entrepreneurship is a professional degree which is focused around the various administrative and management functions that you will have to undertake as an Entrepreneur. The course familiarises you with all the aspects of business such as Accounting, Taxation, Marketing, Operations, etc.

Furthermore, the course helps you in developing an entrepreneurial mindset by means of case studies, projects, class discussions, etc. You will get to learn about the principles of Social Entrepreneurship, Family Business Management, etc.

Course Name Online MBA
Course Type Master’s Programme
Mode Full-Time, Part-Time, Distance, Online
Eligibility Graduate in any field with a minimum of 50% marks in aggregate from a recognised university
Duration 2 Years
Average Salary Offered INR 9.4 LPA
Employment Roles – CEO
– Entrepreneur
– Venture Capitalist
– Investment Banker
– Administrative Services Manager

Why Go for an MBA in Entrepreneurship?

An MBA in Entrepreneurship serves as a perfect opportunity to develop an entrepreneurial mindset. It introduces you to various management principles and conditions your mind to come up with innovative solutions to contemporary business problems. In addition to this, you get to build a strong professional network which will prove to be resourceful at each step of your career.

The benefits of pursuing an MBA in Entrepreneurship are many. Here, we have mentioned some of the top reasons for pursuing this course:

  • Skills building opportunities
  • Chance to stay up-to-date with the latest happenings in the industry
  • Develop an entrepreneurial mindset
  • Broaden your professional network
  • Get mentored by business leaders and other industry experts
  • Placement support
  • Career enhancement opportunities
  • Chance to generate seed funding

Also Read: Does Getting an MBA Make You a Better Entrepreneur?

Who Can Go for an MBA in Entrepreneurship?

Today, the global economy is making a sweeping shift towards entrepreneurship. Therefore, it is crucial that every individual is equipped with some of the crucial entrepreneurial skills such as creativity, problem-solving, critical thinking, decision-making, etc. Therefore, the question of who can go for an MBA in Entrepreneurship is vague as every individual who is looking to grow in today’s competitive landscape must consider going for this multifaceted degree.

MBA in Entrepreneurship Curriculum

Semester 1 Semester 2
Fundamentals of Entrepreneurship Social Entrepreneurship
Creativity and Innovation Business Environment
Principles and Practices of Management Fundamental of Finance – II
Fundamental of Finance – I Business Communication
Human Resource Management Service Management
Principles of Marketing Management E-Business
Entrepreneurial Decision Making Digital Marketing
Comprehensive Viva Comprehensive Viva

 

Semester 3 Semester 4
Financing New Ventures and Business Legal Aspects of Business
Managing Start-up Strategic Framework for SMEs Rural and Industrial Marketing
Introduction to Taxation Business Ethics and Corporate Governance
Contemporary Issues in Strategy International Business / EXIM Management
Production & Operations Human Resource Development
Organisational Behaviour Logistics and SCM
Enterprise Resource Planning Enterprise Resource Planning – I
Comprehensive Viva Comprehensive Viva

MBA in Entrepreneurship Eligibility

In order to enrol into an MBA in Entrepreneurship programme, a candidate must satisfy the following conditions:

  • Must be a graduate in any field with a minimum of 50% marks from a recognised university.
  • Must have qualified state/national entrance exams like CAT/MAT/XAT/GMAT/GRE/NMAT or the entrance exam conducted by the university.

In addition to the above-mentioned criteria, some universities may also require a candidate to hold some work experience.

Entrance Exams for MBA in Entrepreneurship

Exam Name  Exam Date 
CAT 2023 26th Nov 2023
CMAT 2024 To be declared
XAT 2024 7th Jan 2024
MAT 2023 MAT PBT: 3 Sep 2023
MAT CBT: 17 Sep 2023
NMAT by GMAC 2023 To be declared
SNAP 2023 10 – 22 Dec 2023

MBA in Entrepreneurship Fee

The average fee for an MBA in Entrepreneurship ranges between INR 50,000 to INR 15,00,000. Your fee will depend upon numerous factors such as your location, mode of study and college that you enrol into, etc.

MBA in Entrepreneurship Modes

Today, the education sector offers a lot of flexibility and thus, an MBA programme can be pursued in different modes, such as:

  • Full-Time MBA: Full-time MBA, also known as regular MBA, requires you to visit the campus on an everyday basis to attend the classes. This mode, therefore, provides maximum opportunities for networking and a chance to participate in campus events.

  • Part-Time MBA: In the case of a part-time MBA, you still have to physically visit the campus, however, you have the flexibility to attend classes over weekend or in the evening. Thus, it offers you the flexibility to continue with a job or other commitments.

  • Distance MBA: Pursuing your MBA through distance learning offers a lot of flexibility and convenience. You can continue working while learning. You can study at your own pace whenever it suits you.

  • Online MBA: You can also pursue your MBA with specialisation in Digital Marketing through online learning mode. This allows you to continue your studies as per your convenience from the comfort of your home. You get access to recorded as well as live lectures, allowing you to adjust the pace of your learning.

How to Choose the Right MBA in Entrepreneurship College?

Choosing a college for your MBA in Entrepreneurship is one of the most important career decisions. Therefore, you must give serious consideration to it and keep in mind the following things while selecting a college:

  • Your career goals
  • Your budget & fee of the programme
  • Accreditations and rankings received by the university
  • Course curriculum and industry integration
  • Opportunities for skill development
  • Placement assistance services offered by the university

MBA in Entrepreneurship Colleges

Regular (Full-Time) MBA Colleges
Name of the College Fee
Amity University INR 3,36,000 Per Year
Symbiosis International University
(Innovation & Entrepreneurship)
INR 10,34,000 for the Complete Course
Faculty of Management Studies, Delhi University INR 50,000 Per Semester
Panjab University INR 50,000 Per Year
IIM Lucknow INR 14,30,000 for Complete Course

 

Online / Distance MBA Colleges
Name of the College Fee
Amity University Online
(Digital Entrepreneurship)
INR 1,79,000 for Complete Course
D.Y. Patil Deemed to be University INR 1,70,000 for Complete Course
Jain University INR 1,70,000 for Complete Course
Chandigarh University INR 2,00,000 for Complete Course
Mizoram University INR 25,450 Per Year

Related: Top 10 Online/Distance MBA Degree Colleges in India- UPDATED!

MBA with Specialisation in Entrepreneurship Future Scope

Job Role Average Annual Salary
CEO INR 48,90,000
Entrepreneur INR 9,90,000
Venture Capitalist INR 8,50,000
Administrative Services Manager INR 7,30,000
Investment Banker INR 12,20,000

*Source- Ambition Box

FAQs

Q1. Can I pursue an MBA in Entrepreneurship if I don’t have a business background?

The MBA in Entrepreneurship course is open to everyone and does not require one to come from a business background. Therefore, if you are a graduate, you can go for this programme irrespective of your field.

Q2. What are the career prospects for an MBA in Entrepreneurship?

After an MBA in Entrepreneurship, you can either choose to start your own business or can assume top leadership positions at a company such as CEO, Venture Capitalist, etc.

Q3. How can an MBA in Entrepreneurship help me launch my own business?

An MBA in Entrepreneurship will equip you with the right skills, knowledge and network to successfully run a business. Furthermore, many universities have their own Business Incubators wherein you can raise seed funding and find the necessary support to launch your business.

Q4. What are the core subjects in an MBA in Entrepreneurship?

During the MBA in Entrepreneurship, you will study subjects like Social Entrepreneurship, Business Environment, Fundamentals of Finance, Business Communication, Service Management, E-Business, etc.

Q5. Are There Opportunities for Networking and Industry Exposure?

During the MBA, you will get to attend various workshops, seminars and other networking events wherein you will find opportunities for networking as well as relevant industry exposure.


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