MBA in Entrepreneurship

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 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.

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.

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.

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.

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.

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

MBA in Entrepreneurship Semester 2 Syllabus

MBA in Entrepreneurship Semester 3 Syllabus

MBA in Entrepreneurship Semester 4 Syllabus

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

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