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               Masters In Entrepreneurship

Overview of the Degree

The Master’s 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.

 

Why should I apply to Masters Degree in Entrepreneurship?

For the students interested in enhancing their problem-solving skills and developing a single-minded approach toward startup businesses, the Master’s in Entrepreneurship 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, Master’s 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 countries to pursue Master’s in Entrepreneurship

The United States of America

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.

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.

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. This allows them to gain valuable business managerial knowledge.

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

Country Tuition Fee (Range)
United Kingdom USD 9,400 – USD 24,880
USA USD 11,680 – USD 42,000
Canada USD 12,250 – USD 27,490

Syllabus for Master’s 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 Master’s 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 the 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 Master’s 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.

    The job market for Master’s in Entrepreneurship

    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.

    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 Master’s in Entrepreneurship Salary

    The average starting salary for Master’s 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:-

    2021

    Rankings

    School Name Country Program Name
    1 Babson College USA Master of Science in Management in Entrepreneurial Leadership
    2 ESADE Business School Spain MSc in Innovation & Entrepreneurship
    3 Université catholique de Louvain – UCL Entrepreneurship Belgium Formation interdisciplinaire en création d’entreprise
    4 Massachusetts Institute of Technology (MIT) – MIT Sloan School of Management USA MBA Entrepreneurship & Innovation Track (E&I)
    5 Tecnológico de Monterrey Mexico Full Time MBA in Innovation and Entrepreneurship
    6 ESSEC Business School / CentraleSupélec France Mastère Spécialisé® Centrale-ESSEC Entrepreneurs
    7 Nova School of Business and Economics – Universidade Nova de Lisboa Portugal Master in Management – Major in Innovation & Entrepreneurship
    8 Copenhagen Business School Denmark Msc Organizational Innovation and Entrepreneurship
    9 SDA Bocconi School of Management Italy Master in Imprenditorialità e Strategia Aziendale
    10 Trinity College Dublin – Trinity Business School Ireland MSc Entrepreneurship

    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 Master’s in Entrepreneurship are-

    S.No

    College

    Place

    Course

    1

    Rotterdam School of Management

    Netherlands

    MSc in Strategic Entrepreneurship

    2

    Cornell University

    USA

    MBA Entrepreneurship

    3

    ESCP Europe Business School

    France

    MSc in Innovation & Entrepreneurship

    4

    Grenoble Ecole de Management

    France

    MS Entrepreneurs

    5

    Columbia University

    USA

    MBA Entrepreneurship

    6

    University of Warwick

    UK

    MSc in Innovation & Entrepreneurship

    7

    HEC Paris

    France

    MS Entrepreneurs

    8

    University of Texas at Dallas

    USA

    Innovation and Entrepreneurship

    9

    National Taiwan University

    Japan

    MBA Entrepreneurship and Innovation

    10

    Antwerp Management School

    Belgium

    Master’s in Entrepreneurship

    Notable alumni of Master’s in Entrepreneurship

    An alumnus of the Master’s 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.

    Supreme Incubator was titled the Accelerator/Incubator of the Year by Entrepreneur India.

    3. 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.

    4. 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.

    5. 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 Master’s 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

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    FAQs

    What is the primary learning from this course?

    This course will introduce students to the principles of entrepreneurship and how they can create value and generate new revenue through their ideas and actions.

    What is the duration of the Master’s in entrepreneurship program?

    The coursework is typically completed in two years (six trimesters) part-time.

    Why are the Master’s in entrepreneurship degrees worth it?

    A degree in entrepreneurship can help individuals validate their business skills and credibility. It can also help them get funding for their ideas or develop a partnership. As an entrepreneur, you will also build your business instincts.

    What is the average expected salary of Master’s in Entrepreneurship program?

    The average starting salary for a Master’s in Entrepreneurship degree is $39,000 depending on the type of business you’re in and how successful it is. However, with experience, this salary can increase to $86,000 by gaining 5 years of experience or more.