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.
|Full-Time, Part-Time, Distance, Online
|Graduate in any field with a minimum of 50% marks in aggregate from a recognised university
|Average Salary Offered
|INR 9.4 LPA
– 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
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
|Fundamentals of Entrepreneurship
|Creativity and Innovation
|Principles and Practices of Management
|Fundamental of Finance – II
|Fundamental of Finance – I
|Human Resource Management
|Principles of Marketing Management
|Entrepreneurial Decision Making
|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
|Logistics and SCM
|Enterprise Resource Planning
|Enterprise Resource Planning – I
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
|26th Nov 2023
|To be declared
|7th Jan 2024
|MAT PBT: 3 Sep 2023
MAT CBT: 17 Sep 2023
|NMAT by GMAC 2023
|To be declared
|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
|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
|INR 50,000 Per Year
|INR 14,30,000 for Complete Course
|Online / Distance MBA Colleges
|Name of the College
|Amity University Online
|INR 1,79,000 for Complete Course
|D.Y. Patil Deemed to be University
|INR 1,70,000 for Complete Course
|INR 1,70,000 for Complete Course
|INR 2,00,000 for Complete Course
|INR 25,450 Per Year
MBA with Specialisation in Entrepreneurship Future Scope
|Average Annual Salary
|Administrative Services Manager
*Source- Ambition Box
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.
Aayushi is an avid reader, writer and travel enthusiast. She has been working as a Content Creator for 8 years and has been employed in the Education industry for the last two years. She has worked in multiple niches. She is always looking for opportunities to learn new things and grow; and wants to contribute maximum to the cause of education, upholding the Sustainable Development Goal 4.