Masters In Entrepreneurship

Overview of the Degree

The Masters in Entrepreneurship is specifically designed for graduates who intend to set up a highly impactful and innovative business. Additionally, this program gives you the opportunity to develop your entrepreneurial and managerial skills. It focuses on enhancing your creative and proactive thinking by providing you with hands-on experience in the field.

Irrespective of your previous academic background, this program accommodates learners interested in starting their own business or who want to manage big companies with excellent leadership skills.

Due to the increasing popularity of this profession amongst students, Master’s Degree in Entrepreneurship is becoming highly competitive to get through. The only thing you need to get into this program is a strong profile and determination to drive a business with confidence and determination.

Is a Master in Entrepreneurship Worth it?

For the students interested in enhancing their problem-solving skills and developing a single-minded approach toward startup businesses, the Masters in Entrepreneurship and innovation is the right fit for you. Also, this program is a good choice for all those graduates who wish to introduce new products in the market and even manage novel projects for established firms.

Many universities give students the chance to work on accurate business models with prospective customers, collectively interview the customers, and pitch new ideas. The courses are academically challenging, require research work and essays, and reading essential texts. Throughout the program, the students connect with highly experienced mentors who share their wisdom and first-hand experiences, which are helpful for the budding CEOs and leaders.

Thus, Masters in Entrepreneurship can give you a great chance to learn by doing and build a network with highly influential people that serve well to kick start or manage a business.

Best Universities for Masters in Entrepreneurship

1. The United States of America

Masters in entrepreneurship USA has gained a lot of popularity lately. The US is a great place to study business and management. Numerous top business schools in the Country provide quality education and guidance. Students can also gain practical experience through assignments with leading organizations. Study in USA.

2. United Kingdom

The UK is known for its universities that offer various courses related to economics and monetary matters. This Country is also an excellent place for aspiring entrepreneurs to study and learn about entrepreneurship. Online courses are also available for students from top universities in the Country. Masters in entrepreneurship uk is a wise choice.

3. Canada

With the Country’s growing industrial sector, Canada is a great place to study economic management and leadership. There are also various opportunities for students to intern at multiple organizations. Studying in Canada allows them to gain valuable business managerial knowledge.

4. Australia

Aside from entrepreneurship, Australia is also a great place to study social entrepreneurship. There are numerous universities that offer courses related to this subject.

Cost of study

Syllabus for Masters in Entrepreneurship:

All the schools catering for this program offers a wide variety of optional courses.

Some schools like the UCL School of Management allow students to pick one of the four specialization pathways which provide them with specific knowledge and skills pertaining to that domain. The four domains are Fintech Entrepreneurship, Health Care Entrepreneurship, Retail and Consumer Entrepreneurship, and Technology Entrepreneurship.

The core courses and electives vary from School to School. However, we have enlisted the popular courses offered at most of these Universities, this list includes core courses –

• Entrepreneurship
• Creativity in Entrepreneurship
• Venture Finance
• Business Plan Lab
• Silicon Valley Program
• Product Development
• Problems & Methods in Marketing Management
• GatorNest Consulting
• Financial Accounting
• Law for Entrepreneurs
• Strategic Entrepreneurship
• Professional Writing
• Professional Communication
• Entrepreneurial Selling

The following are a few of the elective courses that a student studying Master’s in Entrepreneurship can choose: 

• Social Entrepreneurship
• Family Business
• New Business Development
• Global Economy
• Managing Entrepreneurial Operations
• Topics in Business Law
• Managing Entrepreneurial Organizations
• Financial Strategy

Duration of Masters in Entrepreneurship programs

The duration Entrepreneur Master’s Degree is generally between 12 to 24 months, depending upon the school chosen.

The course is usually divided over 3 or 4 terms with a mandatory project and internship in most schools.

Term 1 – September to December

Term 2 – January to March

Term 3 – April to June

Business Applications / Dissertation – July to September

In most schools, the students are asked to prepare a dissertation project under the supervision of a faculty member. This project helps budding entrepreneurs to work on their developing startups or conduct research on the feasibility and viability of a business opportunity.

Additionally, some colleges provide you with the opportunity to enrol in the course as a part-time student and attend the formal lectures at the campus for 2 or 3 days per week.

Eligibility for Master’s in Entrepreneurship:

The Master’s in Entrepreneurship course is open to graduates from all disciplines. However, a graduate is expected to have some knowledge about mathematical and statistical problems to get into a good school.

Those applicants who are not familiar with mathematics and computing can also get admission provided they take preparatory courses in Math and CS before they join the class. Most colleges like the Imperial College require you to complete an introductory course in math and accounting 2 months prior to the commencement of the term.

Also, you are required to have obtained the first degree to an international standard of 2:1. Apart from being part of entrepreneurial activities, it is advantageous to have a maximum of 2 years of work experience.

The most crucial factor for getting admission to Master’s in Entrepreneurship is to have an interest in pursuing a career in business and entrepreneurship. However, the final selection is based upon the comprehensive evaluation of your application, test scores, extracurriculars, and work experience. Any experience in entrepreneurship and innovation is an added advantage.

Admission requirements :

General Constituents of the Application Package

• English Proficiency Test – IELTS or TOEFL-ibt
• College Application at the web portal
• Application fees of £50
• 2 Academic References
• GMAT Result (Depending upon College’s Requirement)
• Undergraduate Academic Transcripts (GPA, Core, and Elective courses) from all previously attended post-secondary institutions
• Resume or CV
• Personal Statement 

Which test scores are required for Masters in Entrepreneurship?

The GMAT or GRE official test score is an essential element of your Master’s in Entrepreneurship application. All top universities demand a high score on these standardized tests to evaluate your mental and intellectual abilities.

English Language Proficiency test scores are also required along with the application. Some universities accept IELTS, while others require TOEFL( minimum score of 100) for international applicants.

Masters in Entrepreneurship Career

Students benefit from a variety of career training programs that help them prepare for their future job opportunities. These include job-related skills such as CV preparation, interview techniques, and presentation skills. As a result, many Master’s in entrepreneurship graduates have landed jobs at leading companies such as Deloitte, Google, and Unilever.

Some of the top employers hiring graduates with Master’s in Entrepreneurship are Barclays Bank, Citi, Bank of China, Moody’s Cooperation, Flint Capital, and Landmark Partners.

Job types: Business Consultant, Mid-level Management, Teacher, Sales, Research & Development, Finance, Audit, Banking, Business Reporter

• Business Consultant- A business consultant is a professional who provides advice or expertise in a particular field. They can also help clients with various tasks such as security, financial control, human resources, marketing, and public relations. A consultant can also help clients expand their reach and improve their profitability. In addition, they can save their clients time and resources by providing them with the necessary expertise in a particular field.
• Mid-level management- Big companies often have C-level executives who develop ideas, and then the ground force converts them into effective execution. This is an excellent opportunity for people with entrepreneurial degrees.
• Sales- A salesperson or leader needs to have the necessary skills to run a successful business. They also need to know how to manage their accounts and follow up with leads.
• Research Development– To be successful in this field, you need to have the necessary knowledge and skills to operate efficiently. This includes understanding the various procedures and business concepts.
• Teacher- Although experts advocate against teaching entrepreneurship, we suggest that you teach core competency areas such as math, history, literature, and philosophy and introduce students to the entrepreneurial side. This can be done through the use of various forms of literature and business concepts.
  Financial Service sector: Bank of Ireland, BNP Paribas, AXA, EY, Goldman Sachs, Accenture, Deloitte, Citi, HSBC.

• Financial Service sector: Bank of Ireland, BNP Paribas, AXA, EY, Goldman Sachs, Accenture, Deloitte, Citi, HSBC.
• Banking Sector: Barclays, Wells Fargo, Citi, Bank of America, and Chase.
• Audit sector:  Ernst & Young (EY), Grant Thornton, KPMG, PWC, Deloitte Touche Tohmatsu Limited, and Baker Tilly.

Average Masters in Entrepreneurship Salary

The average starting salary for masters in Entrepreneurship graduate varies depending on what business you go into and how successful it is. However, the average reported salary for graduates with this major is $39,000, which increases up to $86,000 with experience of 5-8 years.

The employment rate is around more than 90% within the first 3 months of graduation.

Schools That Offer Master’s in Entrepreneurship

Here is a list of top-ranked schools that offer this program :

If rankings are not a primary deciding factor and your choice is influenced by other key aspects like Country, placements, course structure, etc., then some other colleges popular for masters in Entrepreneurship are : 

Notable Alumni of Masters in Entrepreneurship

An alumnus of the masters in Entrepreneurship runs their businesses in many countries and a variety of industries. To illustrate the career scope and demonstrate how the knowledge they gained during their study has been applied, we’ve listed some of the notable alumni who have taken this course.

1. Trey Lauderdale graduated from the University of Florida in 2007 with a Master of Science in Entrepreneurship degree. He founded Voalte in 2008, which raised over $60 million between 2012 and 2015
2. In 2017, Disha Singla founded Supreme Incubator, a venture builder ecosystem that provides early-stage companies with a network of investors and mentors. Since its inception in 2019, it has graduated 20 startups.
3. Supreme Incubator was titled the Accelerator/Incubator of the Year by Entrepreneur India.
4. Alessya Visnjic launched WhyLabs, a platform that enables enterprises to run AI with certainty. She and her co-founders, Maria Karaivanova and Matt O’Brien, secured a $10 million Series A round led by AI Fund and Defy Partners. The funding round builds on a $4 million raise they secured last fall.
5. Cara Castro launched Atomo Coffee, a sustainable blend of coffee. The brand has raised over $11.5 million to date, and it has a 12,000square-foot roastery in Seattle’s downtown area. Since the beginning, Cara has been with the team and is the company’s Head of People + Culture.
6. Yashodhara Dikshit, Role after studying at the Business School: Technology and Digital Risk Consultant, Deloitte and Founder, Bake and Binge. Programme: MSc Innovation, Entrepreneurship & Management 2020

Internship Programs for Masters in Entrepreneurship

During the spring semester, students in the Entrepreneurship and Innovation program have the opportunity to intern with local organizations in most Universities. Else, they are encouraged to apply to organizations by themselves. They then use their knowledge and skills through the course’s various modules and project coaching.

While students are still encouraged to identify their ideal internship, the School partners with local organizations to provide them with valuable and relevant experience in this field. Students develop various projects such as social media marketing campaigns, product development, and sales support. They also gain a deeper understanding of the culture of innovation.

Enlisted are some of the companies that offer internship opportunities: 

• Benchmark Electronics
• Bio-Rad
• Bloom Energy
• Cybernaut Zfounder Ventures
• Dome Construction
• Draper Global
• Extractable
• Fortinet
• Gelateria Naia
• Green Heart Foods
• Idea Campus
• Kidder Mathews
• LookingPoint
• Logitech
• Mann Consulting
• SD Mayer
• Splunk
• stok
• True Link Financial
• TrustArc
• Volition Beauty
• Ventiquattro

Conclusion

Every economy needs entrepreneurs to fill gaps and promote innovative products with the necessary expertise and hard work. Entrepreneurs that continue to succeed in assuming the risks associated with launching a firm will be rewarded with income, recognition, and opportunities for expansion in the future. Less people are struggling with market losses on a daily basis.
Innovation entails creating the opportunity, whereas entrepreneurship is about the ability to recognise commercial prospects.