Degree Overview: Master of Business Administration (MBA) Degree in Entrepreneurship
Majors Overview May 16, 2015Get information about Master of Business Administration (M.B.A.) degree programs in Entrepreneurship and their educational requirements, coursework, career choices, job and wage outlook, and continuing education choices.
Master of Business Administration (M.B.A.) Programs in Entrepreneurship
Students enrolled in a Master of Business Administration (M.B.A.) in Entrepreneurship program are imparted the analytic skills necessary for developing effective business strategies. They are also given a global perspective of business, apart from being helped to develop an aptitude for problem-solving, corporate social responsibility, and business ethics. The curriculum is a combination of traditional MBA coursework and entrepreneurial-oriented courses in marketing, finance, and venture creation, whereby students gain the insight necessary for building thriving businesses.
Students who seek leadership and management roles in business enterprises will benefit from enrolling in these programs. These include individuals wishing to start their businesses, apart from those possessing backgrounds in entrepreneurial endeavors or those involved in family businesses.
Educational Requirements
Admission criteria typically require incoming students to hold a baccalaureate degree from an accredited school. Some schools may expect the demonstration of program preparedness through graduate test scores, such as GRE or GMAT, in addition to letters of recommendation. Prior work experience is also required for admission to some programs.
Coursework
Coursework includes topic areas such as leadership, management and entrepreneurial strategies. Core coursework covers entrepreneur and business management courses such as:
•Financial accounting
•Laws of electronic business
•Entrepreneurial research
•Venture capital
•Law and entrepreneurship
•Gender differences in entrepreneurship
•Family business management
•Finance
Career Choices
Apart from business ownership, program graduates can seek a variety of management and leadership positions in a broad range of fields such as:
•Information security
•Human resources
•Financial management
•Business operations
•Accounting and auditing
Job and Wage Outlook
Over the 2010 – 2020 decade, a job growth rate of 13% has been predicted for human resource managers. Over the same period, financial management opportunities are expected to witness a 9% growth (BLS). General and operations managers may see a 3% to 9% growth during that decade (O*Net OnLine). In May 2012, human resource managers brought in an average annual wage of $99,720. Financial managers and general and operations managers earned respective wages of $109,740 and $95,440 (BLS).
Continuing Education Choices
Program graduates can pursue continued education by earning a Ph.D. in Business Administration. Rigorous coursework in doctoral programs covers critical thinking, strategic leadership, and problem-solving to prepare graduates for research and academic careers within universities and colleges. Graduate certificates in entrepreneurship may also be earned by graduates.
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