MBA in Entrepreneurship

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Jun 26, 2023 18:27PM IST

MBA in Entrepreneurship Overview

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.

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MBA in Entrepreneurship Course Highlights

Here is an overview of the MBA in Entrepreneurship to have a quick understanding of the course

MBA in Entrepreneurship Course Highlights

ParticularsDetails
MBA in Entrepreneurship Course-levelPostgraduate
Course Duration2 years
MBA in Entrepreneurship EligibilityBachelor’s degree with a minimum score of 50% for general candidates and 45% for reserved candidates
Admission ProcessEntrance Exam + Group Discussion + Personal Interview 
Entrance ExamsCAT exam, MAT exam, CMAT exam, IIFT, XAT exam, NMAT exam, GMAT exam, SNAP exam
Types of ProgrammesFull Time, Part Time, Distance, Online
MBA Entrepreneurship Course Syllabus
  • Principles of Management
  • Organisational Behaviour
  • Research Methods for Businesses
  • Production and Operations Management
  • Small Business Promotion
  • Business Analytics
Average Annual Course FeesINR 3 lakhs-INR 20 lakhs
MBA International Business Average SalaryINR 5 lakhs-20 lakhs per annum
Job ProfilesBusiness Consultant, Business Reporter, Department Manager, Corporate Supervisor, Sales Manager
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Why Choose MBA in Entrepreneurship?

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:

  • Students who want to make their business more successful and build a set of new conceptual frameworks around business needs can take up the course.
  • The program helps to teach entrepreneurial competencies among students, including self-confidence, setting goals, resource mobilization, and planned risk-taking. 
  • While studying the course, one develops problem-solving, conceptual, and decision-making skills. 
  • The course contributes to promoting the development of leadership skills among students through various inter and intra-college activities. Also, they get real-life experience and hands-on training in collaboration with the industry.
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MBA in Entrepreneurship Eligibility Criteria

The eligibility criteria for an MBA in Entrepreneurship are mostly similar to other MBA specializations. The eligibility criteria are as follows:

  • Candidates must have finished an accredited university's Bachelor's degree program in any stream or its equivalent.
  • Most institutions accept the GMAT, XAT, CAT, CMAT, SNAP, and MAT for admission.
  • The completion of a two-year work experience requirement is another requirement from some universities.
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MBA in Entrepreneurship Entrance Exams

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:

Common Admission Test (CAT)

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.

Common Management Admission Test (CMAT)

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.

Xavier Aptitude Test (XAT)

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.

Maharashtra MBA Common Entrance Test

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.

Symbiosis National Aptitude Test (SNAP)

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.

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MBA in Entrepreneurship Admission Process

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.

  • The applications for the colleges or universities they are interested in must be submitted by the candidates.
  • Additionally, applicants must sign up for the entrance exam of their choice. The most well-known entrance examinations used to grant admission into the program are the CAT, XAT, NMAT, MAT, SNAP, and CMAT.
  • The application procedure often starts in August or September. By the end of October, practically all entrance exams had online registration.
  • One must achieve a score higher than the minimal qualifying percentile established by the relevant college or university in order to be shortlisted for subsequent rounds of admission.
  • Following the written exam, specialized group discussions and individual interviews are held in order to compile the final merit list of candidates who have been shortlisted.
  • Following the completion of all examinations, the colleges or universities announce the results and publish a merit list of the final applicants who have been shortlisted based on the written exam, group discussion, and personal interview.
  • Be aware that certain prestigious institutions grant admission to the course taking into account other criteria such 10th and 12th grade marks, graduation rate, and work experience.
  • After the admissions procedure, the candidates are finally assigned seats, at which point they must pay the course fee and register for the relevant academic year.
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Types of MBA in Entrepreneurship Courses

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. 

MBA in Entrepreneurship: Full-Time

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. 

MBA in Entrepreneurship: Part-Time

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.

MBA in Entrepreneurship: Online 

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

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.

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MBA in Entrepreneurship Syllabus

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:

MBA in Entrepreneurship Semester 1 Syllabus

Principles of ManagementQuantitative Techniques for Business
Financial and Management AccountingMarketing Management
Managerial EconomicsHuman Resource Management
IT Skills-

MBA in Entrepreneurship Semester 2 Syllabus

Organizational BehaviourFinancial Management
Legal Aspects and Business EnvironmentProduction and Operations Management
Research Methods for BusinessManagement Information Systems
Business Ethics and Corporate Governance-

MBA in Entrepreneurship Semester 3 Syllabus

Innovation and Entrepreneurship/ MOOCsProject Management
Social Entrepreneurship Small Business PromotionInstitutional & Legal Framework for Start-Ups & Family Business
Small Business PromotionCommunication and Branding Strategies
Project Appraisal & ManagementDynamics of Family Business Management
Dynamics of Family Business ManagementBusiness Analytics
Inter-Departmental Course-

MBA in Entrepreneurship Semester 4 Syllabus

Strategic ManagementFamily Business Models
Managing Conflict in Family Business, Leadership and Team WorkTaxation Laws & Planning
Master Thesis/ DissertationSickness and Turnaround Strategies for Small Business
Governmental Schemes for Entrepreneurship DevelopmentBusiness Finance for Start-Ups and Growth
Artificial Intelligence in BusinessIntra-Departmental Course
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MBA in Entrepreneurship Career Options and Job Prospects

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.

  • Marketing Manager
  • Human Resource Manager
  • Financial Manager
  • System Analyst
  • Finance Controller
  • Chief Human Resource Manager
  • Assistant Manager
  • Assistant Manager
  • Trainee Telesales
  • Senior Network Administrator
  • Placement Coordinator
  • Executive Assistant
  • Office Assistant
  • Business Assistant
  • Delivery Manager
  • System Analyst
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Skills Required for an MBA in Entrepreneurship

Candidates for the MBA in Entrepreneurship must possess the highest managerial expertise. Other talents that are generally needed include:

  • Leadership Skills
  • Analytical Knowledge
  • Knowledge of the Business Market
  • Ability to Take Risks
  • Business Acumen
  • Pro-activeness
  • Self-starter
  • Innovative and Enterprising
  • Self-discipline and Integrity
  • Decisive and Action-oriented
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FAQs about MBA Entrepreneurship

What is the duration of the course MBA in Entrepreneurship?

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.

What kind of internships are involved in an MBA in Entrepreneurship course?

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:

  • Business development internships
  • Management consulting internships
  • Product marketing internships
  • Business consulting internships
  • Business management internships
  • Sales and marketing internships

Is an MBA in Entrepreneurship course tough?

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.

What is the salary of MBA in Entrepreneurship graduates in India?

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.

Who are the top recruiters for MBA in Entrepreneurship graduates?

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:

  • Amazon
  • Microsoft
  • General Electric
  • Deloitte
  • Google
  • Apple
  • Goldman Sachs
  • Facebook
  • Walt Disney
  • Morgan Stanley
  • McKinsey
  • Pepsico
  • JP Morgan

Which country is best for pursuing an MBA in Entrepreneurship course?

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.

Does MBA in Entrepreneurship programs offer good placement opportunities?

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. 

What are the subjects in MBA in Entrepreneurship?

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:

  • Legal Aspects of Business
  • Business Ethics
  • Operations Research
  • Business Communication
  • Strategic Management and Business
  • Commercial Leasing 

Is MBA in Entrepreneurship a good choice for entrepreneurs?

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.

What are the popular specializations related to MBA in Entrepreneurship ?

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.

I want admission in MBA in Entrepreneurship. Do I have to clear any exams for that ?

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.

What are the top colleges offering MBA in Entrepreneurship courses ?

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.

What is MBA in Entrepreneurship?

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. 

What is the average fee for the course MBA in Entrepreneurship?

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. 

How does MBA in Entrepreneurship help in launching businesses?

MBA in Entrepreneurship provides you with solid resources to launch your career as a business entrepreneur. The ways in which it can help are: 

  • Skills to craft a solid business plan,
  • Mentors to provide guidance in the right direction,
  • Knowledge to sustain business and avoid failures,
  • A network of professionals to provide solutions and funding options.

Is it necessary to have an MBA in Entrepreneurship to be an entrepreneur?

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.

Is an MBA in Entrepreneurship worth it?

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.

When should I opt for MBA in Entrepreneurship?

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.

Does professional experience contribute to admissions to an MBA in Entrepreneurship?

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.

Is online MBA in Entrepreneurship good?

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.

What are the core modules in MBA in Entrepreneurship?

The course contains a core MBA syllabus along with special modules to develop the entrepreneurial expertise of candidates. The core MBA modules include:

  • Leadership
  • Finance
  • Management
  • Economics
  • Operations Management
  • Marketing 

Besides, there will be special emphasis on managing a growing business, innovation roles, tools for entrepreneurs, and becoming entrepreneurial.

What is the scope after MBA in Entrepreneurship?

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.

What are the benefits of an MBA in Entrepreneurship?

The benefits of an MBA in Entrepreneurship are listed below:

  • Students will be able to brainstorm new ideas, identify the upcoming market opportunity and identify risk-taking behaviour for start-ups.
  • They will get hands-on training besides classroom teaching and get opportunities to collaborate with classmates, thereby building leadership skills.
  • It will help graduates assess new business plans, find new ventures, and identify and assess business opportunities.
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Related Questions

p

priyal Babbar, Student / Alumni

-Answered on Feb-05-2024
Hi there, LPU offers several MBA programs with various specializations such as HR, Finance, Hospitality, Healthcare and many more. The admission for the next academic session has begun. You can register and book your LPUNEST slot. If you are awaiting your result then you can take provisional admission as well. Good Luck
S

Subhashri Roy, Student / Alumni

-Answered on Jan-05-2024

Dear student,

Around 126 colleges are accepting XAT score 2024. Some of the top MBA colleges accepting XAT score 2024 include the following:

You can also check out the XAT score vs percentile 2024 to predict your chances of getting into the XAT participating colleges. 

For admission-related assistance, please fill out our Common Application Form or call on our toll-free number 1800-572-9877. 

Thank you.

P

P sidhu, Student / Alumni

-Answered on Dec-20-2023
LPU NEST 2024 Application Form has been released via online mode. Exam Dates have been announced. It stands for Lovely Professional University National Eligibility and Scholarship Test. LPU NEST exam is conducted in different slots from January and April onwards. It is a university level entrance exam which is conducted for various courses including B.Tech, MBA etc. Candidates who want to get admission in Undergraduate and Postgraduate programmes can enrol in the exam. No. of LPU graduates are working at various MNC’s at high paying packages across the globe. Mittal School of Business, which attracts students from various parts of the world, is one of India’s foremost ‘Business Schools’ recognized for its industry-oriented and technology focussed curriculum, interactive and hands-on pedagogy, accompanied by intensive industry interface which also involves training of national and international industry professionals. A multidisciplinary campus and multicultural environment suffused with student activity ensures all round development of its graduates, grooming them for successful entrepreneurship and global careers. LPUs Mittal School of Business exhibits a rich diversity among students and faculty who flock to this centre of excellence from all parts of the country and across the globe. We believe that innovation and excellence flourishes in an environment that embraces diverse perspectives and nurtures free expression which ultimately helps them to adjust to any work environment while celebrating divergence.

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