MSc in Entrepreneurship

Master of Science in Entrepreneurship

An Overview of the Degree.

The Master of Science in Entrepreneurship is ideal for ambitious recent graduates from diverse academic disciplines, who intend to launch their own business or become actively involved in supervising a family business.

It is also for entrepreneurs who wish to enlarge their business at any stage of its life cycle, and vibrant professionals who intend to incorporate entrepreneurial thinking into their future management career.

The Master of Science in Entrepreneurship places a strong emphasis on balancing research-led teaching with experiential learning (consulting for small-business owners, preparation for joining an accelerator, field trips) to guide students through the process of starting their own venture. The program focuses on:

  • Innovative talent and global leadership
  • Venturing resources and enterprise growth
  • Policy innovation and competitiveness.

Assessment of modules on the Master of Science in Entrepreneurship, in most cases, is by means of coursework and unseen examination. Coursework may consist of standard essays, individual and group presentations, group reports, class work, unseen tests and problem sets.  

You will study core management and specialist entrepreneurship modules, and learn how to creatively apply your knowledge in practical situations.

 Master of Science in Entrepreneurship

Why should I apply to Master of Science in Entrepreneurship programs

Master of Science in Entrepreneurship students had the chance to interact with entrepreneurs and innovators at every stage of their journeys from superb start-ups to fully fledged global corporations.  

You will have the opportunity to participate in pitches and competitions,  management consultancy simulation with real companies, real-world, international case studies to support your learning.

The goal of the program is to prepare young innovative graduates to become entrepreneurial leaders in a global setting.

Under the guidance of world-class professors and expert practitioners, students will learn how to identify, create and exploit entrepreneurial opportunities.

Elective courses

Schools also offer various electives to choose from.

The following are few of the elective courses which a candidate studying Master of Science in Entrepreneurship can choose:

New Business Development
Family Business
Entrepreneurial BootstrappingCompetitive Strategies for networked markets
Social EntrepreneurshipEnergy Markets
Financial Intelligence for EntrepreneursFinancial Solutions for Corporation

Duration of Master of Science in Entrepreneurship programs

Masters of Science in Entrepreneurship Programme is one academic year’s duration in some institutions and 24 months in others. There is an intermix of core courses, which are compulsory and elective courses, which can be chosen from another MSc Programme. The program terminates with a master thesis project.

Admission requirement for Master of Science in Entrepreneurship programs

  • Transcript/interim transcript
  • CV
  • Personal statement (500-600 words)
  • A completed application form.
  • Documents also required (may follow at later date)
  • IELTS, if reports available
  • Two references, one of which MUST be an academic reference

Work experience is not a requirement, but please provide details of the relevant experience that might enhance your profile. This information will be included in your CV which is required for all applications.

Some schools will require holders of a Bachelor or Master's degree from an international institution – 2:1 honors or above. 

Admission Process

There is a two-step process for applying to MSc Entrepreneurship.

  • A first selection is made based on the evaluation of your application and supporting documents. (Essays, LOR, Resume)
  • The pre-selected candidates will then be invited for a face-to-face or Skype interview.

Selection is done on the basis of the overall profile including test scores, extracurriculars and previous work experience (if any). Any experience as a start-up owner is an added advantage.

 

Do I need a GMAT/GRE scores?


1.
GMAT
or GRE or TAGE MAGE official test score report is a prerequisite for some courses, especially the top ones

2.English language proficiency test score report (TOEFL or TOEIC or IELTS or Cambridge) may also be needed

Also, to be on the safer side to get interview call from top 5 ranked college for Master of Science in Entrepreneurship a score of 680 in GMAT or 325 in GRE is preferable.

Class Profile

Here is an example of the class profile of a top 10 Master of Science in Entrepreneurship Programs on a global scale

Class size: 93

Median GMAT – 710

Average Work experience - 1 Year

Average Age Range – 21-29

Average International Students - 85%

Background of Student - Management (42%), Engineering (31%), Economics (20%), Others (7%).

Some of the top employers hiring from Masters in Entrepreneurship are Barclays Bank, Citi, Bank of China, Moody's Cooperation, Flint Capital, Landmark Partners.

Job functions: 60% financial services; 35% consulting and 5% others

Financial Service sector: BNP Paribas, Citi, Goldman Sachs, HSBC, State Street Corporation.

Audit sector: PricewaterhouseCoopers (PwC), Ernst & Young (E&Y), Klynveld Peat Marwick Goerdeler (KPMG), Deloitte Touche Tohmatsu Limited.

Banking Sector: HSBC, Bank of America, Wells Fargo, Citibank, Chase, and Barclays.

Average Master of Science in Entrepreneurship Salary

For the year 2016, a Master of Science in Entrepreneurship graduates from top B-School starting average salary was 67000 Euros with graduates finding the job all over the world.

Average Salary after 3 years of graduation is more than 92000USD

The employment rate is around 97% within 4 months of graduation and 65% have more than 2  job offers to choose from.

Master of Science in Entrepreneurship

EDUNIVERSAL TOP MASTER IN SCIENCE ENTREPRENEURSHIP 2017

RankUniversity NameProgram NameCountry
1.Babson College – Graduate School
Master of Science in Management in Entrepreneurial Leadership
USA
2.Massachusetts Institute of Technology (MIT) - MIT Sloan School of Management
MBA Entrepreneurship & Innovation TrackUSA
3. ESADE Business School
MSc in Innovation and Entrepreneurship
Spain
4.Université Catholique de Louvain – UCL Entrepreneurship
Formation interdisciplinaire en création d’entrepriseBelguim
5.Copenhagen Business School
MSc in Social Science – Organizational Innovation and Entrepreneurship
Denmark
6.Rotterdam School of Management
Msc in Strategic EntrepreneurshipNetherlands
7.Cornell University - Johnson Cornell SC Johnson College of BusinessMBA Entrepreneurship
USA
8.SDA Bocconi School of Management
Master in Imprenditorialità e Strategia AziendaleItaly
9.University of Cambridge – Judge Business School
Postgraduate Diploma in Entrepreneurship
UK
10. ESCP Europe Business School
MS Innover et Entreprendre / MS Innovation and Entrepreneurship
France
11.University of Pennsylvania - Wharton School
MBA Entrepreneurial ManagementUSA
12.Nova School of Business and Economics - Universidade Nova de Lisboa
Innovation and EntrepreneurshipPortugal
13.ESSEC Business SchoolMS Centrale - ESSEC EntrepreneursFrance
14.Northwestern University - Kellogg School of Management
Innovation & Entrepreneurship Major - Levy Entrepreneurial Institute
USA
15.Grenoble Ecole de Management
MS Entrepreneurs - Pédagogie HEC EntrepreneursFrance
16.Aalto University - School of Business
EntrepreneurshipFinland
17.The University of Sydney - The University of Sydney Business School
Master of Commerce: Strategy, Innovation and Entrepreneurship
Australia
18. University of Texas at Austin - McCombs School of Business
MSc in Technology Commercialization
USA
19.Tecnológico de Monterrey
Maestría en Innovación para el Desarrollo Empresarial (en línea)
Mexico
20. McGill University
MBA - Technology and Innovation Management concentrationCanada

You can also check out the University of Surrey Masters in Entrepreneurship which is making waves on a global scale.  

If you need a detailed profile evaluation of your chances at Master of Science in Entrepreneurship program the Profile Evaluation, it will give you a good assessment of your strengths, weaknesses and overall chances at Master in Entrepreneurship.