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6 Exciting Career Options After an Entrepreneurship MBA

Career Options After an Entrepreneurship MBA

“It’s not about ideas. It’s about making ideas happen.” – Scott Belsky

Imagine India like a rocket ship blasting off into space! Entrepreneurs are the fuel powering that rocket, creating new jobs and making the economy grow faster and stronger. With so many talented people and amazing ideas, entrepreneurship in India is like a superstar just getting started, and it is going to play a huge role in India’s bright future!

The rise in entrepreneurship has reached the sky high and let us tell you that this is not the end!

The GEM India Report (FY 21–22) states that the percentage of adults in India (aged 18–64) who are starting or running a new business reached 14.4% in 2021 from 5.3% in 2020, reflecting a rise in the country’s overall entrepreneurial activity rate.

According to the Financial Express, “India has emerged as the third largest startup ecosystem in the world, with 107 unicorns (startups with valuations of $1 billion or more) boasting of a total valuation of $340.79 billion, as of 7 September 2022.”

So yes, you have the chance to explore your skills in starting a new business or maybe help someone else’s business to reach the maximum height it can ever. Whatever you choose, an MBA in Entrepreneurship is one of the top courses to guide you through the journey of entrepreneurship. Moreover, the course offers amazing skills enhancement, projects, internships and networking opportunities for you. Some of the MBA colleges have customised courses for their students to experience the world of business.

Give yourself the chance to become one of the top business owners in the nation. This is your time to shine!

Source: Global Growth of entrepreneurship; India not far behind

Let us guide you towards your boosting future and becoming India’s top future Entrepreneur!

What is Entrepreneurship?

The ability to create, plan, and manage a company/venture while accepting all of its risks in the hopes of turning a profit is known as entrepreneurship. The most well-known illustration of entrepreneurship is the launch of new companies.

However, an Entrepreneur is a person who has the skills, commitment, and risk-taking abilities necessary to launch, manage, and profit from a startup business.

Innovation is the secret weapon of entrepreneurship!

Scope of MBA in Entrepreneurship

After you get your MBA in Entrepreneurship degree, you have many exciting options for businesses and careers! You can even choose to start your own company in India or anywhere else! Plus, many companies are looking to hire people with an Entrepreneurship MBA, especially in fields like cars, technology, online content, communication, farming, and protecting people’s stuff (insurance).

People with an MBA in Entrepreneurship can choose from a variety of employment options, including Business Journalists, Business Consultants, Development Officers, Fundraisers, and New Venture Developers. After an MBA in Entrepreneurship, you will witness an increase in your package. The salary after an MBA in Entrepreneurship is between INR 5 LPA and INR 30 LPA.

Skills Required for Entrepreneurship

There is a lot more that goes into making a successful Entrepreneur. This includes both hard and soft skills. You will learn multiple things at once but managing everything depends on the skill advancement you develop over time. Let’s look at some of the most common skill requirements to become a successful Entrepreneur:

Risk-Taking Skills Business Management Skills
Critical Thinking Skills Networking Skills
Problem-Solving Skills Active Listening Skills
Financial Skills Creative Thinking Skills
Technical Skills Leadership Skills

List of Top Jobs after MBA in Entrepreneurship

After getting an MBA in Entrepreneurship, there are many fascinating job options with competitive salary packages. Let us explore some of the top job options after an MBA in Entrepreneurship.

Sl# Professional Scope Average Salary Highest Salary
1. CEO ₹43.7 Lakhs ₹1.02 Crore
2. Investment Banker ₹17.7 Lakhs ₹ 55.0 Lakhs
3. Administrative Services Manager ₹7.8 Lakh ₹14.0 Lakhs
4. Business Consultant ₹13.7 Lakhs ₹24.5 Lakhs
5. Venture Firm Partner ₹30 Lakhs ₹50 Lakhs
6. Management Analyst ₹10 Lakhs ₹20.8 Lakhs

The job opportunities mentioned above have multiple benefits for learning and implementing daily. There are more job opportunities in the entrepreneurial realm. However, it depends on your interest, your skills and the kind of job you want to pursue. An MBA in Entrepreneurship will not only equip you with the right skills, it will also boost your career and your salary.

Let us look at the job responsibilities of each job role mentioned above:

1. CEO (Chief Executive Officer)

The Chief Executive Officer (CEO) position is one of the most popular positions after an MBA in Entrepreneurship. The role requires managing major corporations and making critical decisions for the business. Making important choices for the company as a CEO will involve working with a Board of Advisers. Making important business decisions, overseeing daily operations, and determining the strategic future of the organisation will all fall within your responsibility as CEO.

  • Average Salary: ₹43.7 Lakhs
  • Highest Salary: 1.02 Crores

2. Investment Banker

Investment Bankers are among those with prestigious MBAs in Entrepreneurship. Helping startups obtain private placement or securing equity financing is part of what these specialists do. When it comes to mergers and acquisitions, Investment Bankers assist larger corporations as well. To establish risk and return profiles, you will be researching potential investments. evaluating valuations utilising different techniques for clients and upper management.

  • Average Salary: ₹17.7 Lakhs
  • Highest Salary: ₹55.0 Lakhs

3. Administrative Services Manager

These experts create deadlines and objectives for the employees and oversee the clerical and administrative workforce within a business. To oversee a variety of initiatives, Administrative Service Managers must have good organisational, leadership, and communication abilities.

  • Average Salary: ₹7.8 Lakh
  • Highest Salary: ₹14.0 Lakhs

4. Business Consultant

You can work as a Business Consultant after getting your MBA in Entrepreneurship. Your ability to recognise and resolve organisational issues will improve after the coursework.

Additionally, you may assist other businesses and clients on business matters. Reviewing, editing, and restructuring a company’s operations and product offerings will be your primary responsibility while working with top management teams.

  • Average Salary: ₹13.7 Lakhs
  • Highest Salary: ₹24.5 Lakhs

5. Venture Firm Partner

You can work as a Venture Partner for a startup firm or any other big corporation if you have an MBA in Entrepreneurship. Project management and portfolio expertise are sought after by the majority of banking and financial companies.

Venture Partners are important for Venture Capital (VC) Organisations, serving a variety of functions ranging from transaction sourcing to strategic advisory. As an essential resource, you will provide your industry knowledge, wide networks, and in certain situations, their financial investment.

  • Average Salary: ₹30 Lakhs
  • Highest Salary: ₹50 Lakhs

6. Management Analyst

A Management Analyst is one of the most difficult yet profitable jobs that can be pursued with an MBA in Entrepreneurship. They are experts in handling problems related to operations. This position specialises in cutting costs and increasing output. To pinpoint issues and suggest fixes, a Management Analyst performs research, compiles pertinent data, and examines data.

  • Average Salary: ₹10 Lakhs
  • Highest Salary: ₹20.8 Lakhs

Best Institute for MBA in Entrepreneurship

One of the most important choices you will make in your career is where to pursue your MBA in Entrepreneurship from. Picking the right college is a task but you can choose based on flexibility, coursework, fees and project work.

Let us explore top colleges for different kinds of MBAs in Entrepreneurship.

Regular 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 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, Mumbai 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

Conclusion

In this growing GDP country we need more entrepreneurs to develop and grow the essential resources required. To do so, you will need the right guide and the perfect coursework to provide you with the skills you require. MBA in Entrepreneurship is not just about managing a business, it’s about creating resources and growing the nation. Entrepreneurship comes with an opportunity to train with the best leaders around the globe. Upgrade your skills and get into the latest MBA in Entrepreneurship coursework to keep up with the speed of this century. From owning your start-up to working as a CEO, MBA in Entrepreneurship has a greater experience and package. It is your time to explore the world beyond desk jobs.

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