MBA in Entrepreneurship Salary and Career Outlook

Chief executive officers often oversee large corporations. These professionals earn a high average salary of around $156,874. They make important decisions for a company and must possess the confidence and ability to collaborate with a trusted board of advisors.

Chief executive officers form and drive strategic growth plans for an organization and work with department directors to ensure employees resonate with the company’s mission. According to the Bureau of Labor Statistics (BLS), this career is projected to grow by 6% between 2018 and 2028.

An MBA in entrepreneurship can help you earn a job as a business partner for a large corporation, like a venture firm. On average, these professionals make $204,213 per year and benefit from a $65,000 bonus and $42,500 in profit sharing. Most banking and finance firms look for partners with portfolio and project management skills.

Successful venture firm partners dedicate themselves to the company’s mission and believe in the service that the company provides. They must voice concerns and offer advice in a constructive way. This position falls under the top executive category, which the BLS projects to grow by 6% between 2018 and 2028.

These professionals offer consulting services to businesses. They must possess strong leadership skills, be able to solve unique and common business problems, and maintain a positive outlook. They also need strong communication skills.

Partners for management consulting firms earn an average annual salary of $227,141 with a $59,738 bonus, $62,500 in commission, and $25,000 in profit sharing. Like other top executive positions, the BLS projects this career to grow by 6% between 2018 and 2028.

These professionals oversee clerical and administrative staff and help set goals and deadlines for their employees. Administrative services managers lead building maintenance and oversee the hiring of cleaning and security services staff. They must possess strong leadership and organizational skills and be willing to have tough conversations with employees.

This position is vital to ensuring that businesses thrive and employees work in a safe, clean, and positive environment. On average, administrative services managers earn $96,180 per year, and the BLS projects this position to grow by 7% between 2018 and 2028.

Sales managers oversee the revenue generated by a company’s sales branch. They oversee employee issues within their department and resolve customer complaints with sales and services.

These professionals must also adapt to customer preferences, monitor the department’s budget, assign sales territories, and empower their employees to meet sales quotas. The BLS projects this career to grow by 5% between 2018 and 2028.

Since you can choose from many different careers within business, you should earn certifications that relate to the role you wish to work in. For example, if you want to work as a project manager, you can earn a project management professional (PMP) certificate. If the supply chain and logistical aspects of business interests you, you can become a certified Supply chain professional (CSCP).

With an MBA in entrepreneurship, you can work in nearly any role within the business field. Aside from starting your own business as an entrepreneur, this degree can prepare you to become a project manager, marketing manager, CEO, or chief financial officer.

Earning an MBA in entrepreneurship rather than a different master’s degree in entrepreneurship shows that you possess a wider range of business skills. An MBA is a multi-subject degree, covering multiple aspects of business, like accounting, marketing, and project management.

An MBA in entrepreneurship places emphasis on what it takes to start and effectively run a business. It looks at all of the functions of a business. An MBA in marketing places more emphasis on how to reach target audiences and persuade them to purchase a product or service. However, both degrees prove beneficial to someone who wishes to gain employment in a leadership business role.