The Masters in Entrepreneurship is specifically designed for graduates who intend to set up a highly impactful and innovative business. Additionally, this program allows you to develop your entrepreneurial and managerial skills as it focuses on enhancing your creative and proactive thinking by providing you with hands-on experience in the field.
Due to the increasing popularity of this profession amongst students, a Master’s Degree in Entrepreneurship is becoming highly competitive. This blog will cover all the topics related to a Masters in Entrepreneurship program. If you plan to pursue this program, you must know about these topics.
Top schools to pursue Masters in Entrepreneurship
School Name | Country | Program Name | Tuition Fees (Approx) |
---|---|---|---|
Babson College | USA | Master of Science in Management in Entrepreneurial Leadership | $54,600 |
ESADE Business School | Spain | MSc in Innovation & Entrepreneurship | $29,100 |
Université catholique de Louvain - UCL Entrepreneurship | Belgium | MSc in Entrepreneurship | $37,300 |
EDHEC Business School | France |
MSc in Entrepreneurship and Innovation |
$20,600 |
Imperial | England | MSc Innovation, Entrepreneurship & Management | $44,870 |
University of Edinburgh Business School | UK | MSc in Entrepreneurship and Innovation | $32,637 |
Copenhagen Business School | Denmark | MSc Organizational Innovation and Entrepreneurship | $32,946 |
Trinity Business School | Ireland | MSc in Entrepreneurship | $23,296 |
Syllabus for Masters in Entrepreneurship
All the schools catering for this program offer 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 about 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 listed 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 of 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 a 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 Requirements)
- 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 a 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
Managerial Position | Anticipated Job Growth Through the Year 2029 | Masters In Entrepreneurship Salary |
---|---|---|
Accountants | 4% About Average | $71,550 per year |
Budgetary Analysts | 3% About Average | $57,010 per year |
Human Resource/Compensation Mgr. | 8% Much Faster than Average | $64,560 per year |
Financial Analysts | 5% Faster than Average | $81,590 per year |
Fundraising Specialists | 14% Much Faster than Average | $58,970 per year |
Market Researchers | 18% Much Faster than Average | $63,790 per year |
Tax Examiners/Revenue Agents | -4% | $54,600 per year |
Management Analysts | 11% Much Faster than Average | $85,260 per year |
Insurance Underwriters | -6% | $70,020 per year |
Personal Financial Advisors | 4% Average | $87,850 per year |
Medical & Health Services Mgrs. | 32% Average | $100,980 per year |
Economists | 14% Much Faster than Average | $105,020 per year |
Operations Research Analysts | 25% Average | $84,810 per year |
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 who 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. Fewer people are struggling with market losses on a daily basis. Innovation entails creating opportunity, whereas entrepreneurship is about the ability to recognise commercial prospects.