MBA in Entrepreneurship is a 2-year postgraduate management course that imparts knowledge to students about how to become successful entrepreneurs. The course has always been among the most preferred MBA specializations. The course is a study of how to transform innovations into economic goods. MBA in entrepreneurship provides an in-depth understanding of the entire business acumen and equips one with the necessary knowledge, skills, and networks vital to become innovators and entrepreneurs.
During the MBA in Entrepreneurship course, students learn how to conceive business ideas, convert them into services or products, and then take those ideas to the market. MBA in Entrepreneurship syllabus includes subjects that teach concepts of venture creation, product/service development, and business management. Some of the core MBA in Entrepreneurship subjects are Management Process & Organization Behavior, Financial Management, Business Communication, Management Information Systems, etc.
Candidates interested in pursuing MBA in Entrepreneurship courses can apply for admission into their desired colleges based on their academic performance and entrance exam scores. For some colleges, it is mandatory to take entrance exams like CAT, MAT, XAT, ATMA, SNAP, etc., however, some offer direct admission based on merit and work experience (if any). The most popular MBA in Entrepreneurship colleges include the School of Management Dr. DY Patil University, University Business School Panjab University, MIT School of Management, Amity Business School (ABS) Noida, and the Institute of Management Sciences.
MBA in Entrepreneurship fees can range anywhere between INR 3.5 lakhs and INR 20 lakhs in total. After completing the degree, candidates become competent enough to start their own ventures or work in managerial positions in top organizations around the world. One can find job roles like Business Journalists, Business Consultants, Fundraisers and Development Officers, New Venture Developers, etc. The starting salary of MBA Entrepreneurship graduates is somewhere between INR 5-10 lakhs per year. Read below for complete information about the course on this page.
Here is an overview of the MBA in Entrepreneurship to have a quick understanding of the course
|MBA in Entrepreneurship Course-level
|MBA in Entrepreneurship Eligibility
|Bachelor’s degree with a minimum score of 50% for general candidates and 45% for reserved candidates
|Entrance Exam + Group Discussion + Personal Interview
|CAT exam, MAT exam, CMAT exam, IIFT, XAT exam, NMAT exam, GMAT exam, SNAP exam
|Types of Programmes
|Full Time, Part Time, Distance, Online
|MBA Entrepreneurship Course Syllabus
|Average Annual Course Fees
|INR 3 lakhs-INR 20 lakhs
|MBA International Business Average Salary
|INR 5 lakhs-20 lakhs per annum
|Business Consultant, Business Reporter, Department Manager, Corporate Supervisor, Sales Manager
MBA in Entrepreneurship not only trains young budding entrepreneurs to start their new ventures but also helps students with family businesses to sharpen their skills. The course is designed to create socially sensitive leaders who would help their businesses achieve greater milestones. Listed below are some of the reasons that may guide students to take up an MBA in Entrepreneurship as a career option:
The eligibility criteria for an MBA in Entrepreneurship are mostly similar to other MBA specializations. The eligibility criteria are as follows:
According to the candidate's performance on an entrance exam, admission to the course is granted. After the written exam, there are additional rounds of personal interviews and group discussions to compile the final merit list of students who have been shortlisted. Some of the popular MBA entrance exams are:
The CAT exam is the most popular national-level MBA entrance exam in India conducted by IIMs in a computer-based test mode for providing admission into their flagship PGP and MBA programmes. Over 2 lakh aspirants sit for this exam every year. Apart from the 20 IIMs, more than 1,200 MBA colleges throughout the nation accept CAT scores.
CMAT is the second most popular national-level MBA entrance exam in India taken by around 70,000 candidates every year. Conducted by the National Testing Agency in online mode, CMAT exam scores are accepted by more than 1,000 MBA colleges across the country, including Great Lakes Institute of Management, JBIMS, SIMSREE, K J Somaiya Mumbai, Welingkar Mumbai, and PUMBA.
XAT is a computer-based MBA entrance exam conducted by Xavier Labour Relations Institute, Jamshedpur. Approximately one lakh candidates take this exam to get admission into XLRI Jamshedpur’s PGDM, PGDM-HRM, and PGDM-BM programmes. XAT exam scores are accepted by 11 XAMI (XLRI Associate Member Institutes) and 800+ B-Schools in India.
MAH MBA CET is a state-level MBA entrance exam conducted by the State Common Entrance Test Cell, Maharashtra, for admission into various management courses such as MBA, MMS, PGDBM, and PGDM in various institutes in the state of Maharashtra.
SNAP test is also among the top MBA entrance exams in India conducted by Symbiosis International University. With a valid SNAP scorecard, candidates can get admission into 16 SIU-constituent institutes.
According to the candidate's performance on an entrance exam, admission to the course is granted. For the purpose of selecting students for admission to the program, there can also be a round of group discussions and individual interviews. Colleges and universities typically calculate a candidate's cumulative score based on their exam results as well as their performance in the group discussion and personal interview rounds.
The detailed admissions process for MBA in Entrepreneurship is explained below.
To become successful entrepreneurs, MBA in Entrepreneurship is the most viable subject specialization. To help students adopt better family business practices, it is important that they are offered the most convenient options to study.
The MBA in Entrepreneurship full-time course is of two years duration and is convenient for those who are willing to deliver their complete focus to the course. The course helps them to understand organizational and business situations with open minds and create new solutions for existing problems.
A part-time MBA in Entrepreneurship may take longer than a traditional MBA. It generally spans a duration of two to three years. The course helps to examine and evaluate business practices across the globe. Through MBA in Entrepreneurship, students can also adapt leadership skills and become productive managerial leaders for their businesses.
Working professionals who are devoid of time to study a full-time course at an institution can pick up the online version for their convenience. They can even continue their professional roles while studying the course. Many institutions have now started offering online MBA in Entrepreneurship to help professionals advance in their careers.
Executive MBA in Entrepreneurship is an MBA program that provides ample knowledge about entrepreneurship and innovation. The course is pursued by employment holders with few years of experience who want to scale up their skills to manage their businesses or corporate world.
The major part of MBA in Entrepreneurship revolves around helping students to start a successful business venture. The degree usually consists of the standard MBA curriculum along with a focus on entrepreneurship such as asset management and venture capital. There may be slight differences in the syllabus based on the university. However, it revolves around some core subjects. The syllabus for MBA in Entrepreneurship for four semesters has been mentioned in detail below:
|Principles of Management
|Quantitative Techniques for Business
|Financial and Management Accounting
|Human Resource Management
|Legal Aspects and Business Environment
|Production and Operations Management
|Research Methods for Business
|Management Information Systems
|Business Ethics and Corporate Governance
|Innovation and Entrepreneurship/ MOOCs
|Social Entrepreneurship Small Business Promotion
|Institutional & Legal Framework for Start-Ups & Family Business
|Small Business Promotion
|Communication and Branding Strategies
|Project Appraisal & Management
|Dynamics of Family Business Management
|Dynamics of Family Business Management
|Family Business Models
|Managing Conflict in Family Business, Leadership and Team Work
|Taxation Laws & Planning
|Master Thesis/ Dissertation
|Sickness and Turnaround Strategies for Small Business
|Governmental Schemes for Entrepreneurship Development
|Business Finance for Start-Ups and Growth
|Artificial Intelligence in Business
MBA in Entrepreneurship falls among the most popular courses of the postgraduate level in India. Due to its immense popularity, the course is also available in the correspondence and distance learning mode. It is known to open up doors to a lucrative career in popular fields like sales, advertising, marketing, etc., and the positions offered are generally of the Executive or Managerial level. The scope of MBA in Entrepreneurship has only increased over the years and many new businesses and startups come up. Some of the most sought after jobs desired by candidates after completing an MBA in entrepreneurship are given below.
Candidates for the MBA in Entrepreneurship must possess the highest managerial expertise. Other talents that are generally needed include:
The duration of MBA in Entrepreneurship in India is two years. The postgraduate program focuses on preparing students to launch their own enterprises, create practical business plans, and manage businesses globally. The major goals of an MBA in Entrepreneurship are to teach students how to transform ideas into successful businesses and to cover a wide range of business management topics.
As with most MBA courses, MBA in Entrepreneurship programs also encourage students to enroll themselves for internships at companies of their choice or from campus placements depending on the institute/b-school. Some of the popular internships involved in MBA in Entrepreneurship are:
You can overcome some of the unique difficulties that entrepreneurs have while developing a concept into a successful firm with the help of an MBA in Entrepreneurship. Teamwork, networking, creativity, leadership abilities, and flexibility in decision-making are just a few of the soft skills that you will develop while doing an MBA degree, all of which will be extremely helpful when starting a business. Having a broad range of hard skills is essential because you will manage every aspect of the firm in a small team.
The average MBA salary of MBA in Entrepreneurship graduates is INR 8,83,000 per year, according to statistics gathered by payscale.com. Salary offers of up to INR 20 lakh rupees per year are made to graduates from the best universities in India who have professional expertise.
For their career advancement, MBA Entrepreneurship graduates might explore a variety of work opportunities or industries. The following is a list of the top employers seeking MBA in Entrepreneurship graduates:
The top 5 countries for studying an MBA in entrepreneurship abroad are led by the United States of America (USA). International students can enroll in the best Master of Business Administration programs at some of the top colleges in the world in the USA.
Yes, MBA in Entrepreneurship programs offer good placement opportunities. You can obtain management jobs in a variety of industries, including business operations, financial management, information security, accounting and auditing, and human resources, if you pursue an MBA in entrepreneurship. An MBA in Entrepreneurship is a career-enhancing course that will assist you in starting and managing a business venture or managing a family business using the most recent marketable skills and strategies.
The subjects in MBA in Entrepreneurship can vary from one college to another. Two years are required to complete the MBA in Entrepreneurship program. There are two semesters in a year. The curriculum comprises a variety of assignments, tests, and presentations. Students may be required to complete any related internships while enrolled in a program at various colleges.
The following are some examples of subjects covered in this course:
Yes, MBA in Entrepreneurship may be good choice for entrepreneurs. Owning a business doesn't require a college degree. While it is not necessary to have an MBA to be a successful entrepreneur, having an MBA in Entrepreneurship degree provides you an advantage over your peers. You will also have the ability to decide on important factors that will affect the success of your start-up business.
Some of the popular specializations for M.B.A. (Master of Business Administration) are : SAP Business , Health & Safety , Export Management , Retail Management , Supply Chain Management.
For admission to an MBA in Entrepreneurship course, many entrance exams, including the CAT, XAT, MAT, GMAT, NMAT, and others, assist a candidate get accepted. However, many state colleges and universities also look at scores from state-level MBA entrance exams, like the SNAP and NMAT.
Following are some of the top colleges offering Management courses: Narsee Monjee Institute of Management Studies (Mumbai), Indian Institute of Management (Kozhikode), Indian Institute of Management (Lucknow), Management Development Institute (Gurgaon), Department of Management Studies - IITR (Roorkee). You can explore these colleges on our website to check if they offer MBA in Entrepreneurship or not.
MBA in Entrepreneurship is a course suited for students who wish to turn ideas into reality while developing their business plans and skills. The course covers multiple topics from start-up financing to enterprise acquisition and helps students by educating and supporting them with real-world business solutions.
The average annual fee for MBA in Entrepreneurship is INR 6,00,000 per year. The government business schools have reasonably priced courses but the private institutions charge a considerable amount of money for MBA programs. Hence, it is advisable to check out the fees of the course before applying for it.
MBA in Entrepreneurship provides you with solid resources to launch your career as a business entrepreneur. The ways in which it can help are:
There is no written rule that you need to have an MBA in Entrepreneurship to be an entrepreneur. Many entrepreneurs have built businesses without having an MBA degree. Nonetheless, it is an undeniable fact that enrolling in the degree helps you to build a network, get access to resources and start-up accelerators and get potential investors to drive the business forward.
From brushing up on your entrepreneurial skills to launching your own start-up, MBA in Entrepreneurship plays an important role. Studying the course is a significant investment and prepares you for future entrepreneurship roles. It also makes you worthy enough to expand businesses to new heights.
You should opt for MBA in Entrepreneurship whenever you feel it is the right time for you. You can study the course right after completing your Bachelors or after having gained some work experience. Also, financial readiness is an added bonus as you will have to invest a huge amount of money in the course.
Professional experience contributes to admission to an MBA in Entrepreneurship in the case of regular programmes. Students with working experience are given priority and often it plays an important role in ensuring job opportunities. Courses like executive MBA mandate students to have at least five years of professional experience.
Yes, an online MBA in Entrepreneurship is good for students as it provides the same content with added flexibility. Students do not need to rush to business schools to study the course as it can be done from the comfort of their homes. You can complete the course at your convenience without the need to give up your job.
The course contains a core MBA syllabus along with special modules to develop the entrepreneurial expertise of candidates. The core MBA modules include:
Besides, there will be special emphasis on managing a growing business, innovation roles, tools for entrepreneurs, and becoming entrepreneurial.
After MBA in Entrepreneurship, a wide range of job opportunities will open up for you to pursue. You can get management positions in different fields such as Business Operations, Financial Management, Information Security, Human Resources, Accounting and Auditing.
The benefits of an MBA in Entrepreneurship are listed below: