If owning and running your own business appeals to you, an online MBA in entrepreneurship can help you achieve your career goals. This guide explores what students learn in MBA programs and how an MBA differs from a master's degree in entrepreneurship.
What Is an MBA in Entrepreneurship?
Why should you choose an MBA program in entrepreneurship? Find answers to frequently asked questions below.
What is an MBA in entrepreneurship?
An online MBA in entrepreneurship offers flexible, distance learning options geared toward students with full-time jobs. Students learn foundational business principles and graduate with the confidence and skills needed to launch their own ventures. MBAs generally take two years to complete, with tuition around $20,000-$30,000.
What do students learn in an entrepreneurship MBA?
The typical curriculum addresses feasibility and business plan development, small business management, information systems, and legal and finance issues. Graduates gain knowledge about the basics of starting a company. Many online programs include internships, mentoring, and networking opportunities, where students learn from successful business owners.
How does it differ from a master's in entrepreneurship?
MBA framework provides practical business knowledge, while a master's program focuses on theory and research.
What is a reason for choosing the MBA in entrepreneurship over the master's in entrepreneurship?
MBA programs often attract students with diverse work backgrounds who seek a practical education experience. Both degree programs examine case studies, but the MBA curriculum focuses more on application and the master's degree on analysis. MBA programs cover a broader range of business topics.
Why Should You Get an Online MBA in Entrepreneurship?
Online learning platforms combine flexibility with a quality education. As more master's students juggle work and family obligations, online master's programs become more commonplace.
Students attend some programs asynchronously, on their own schedule through recorded lectures. Synchronous programs require students to log in to virtual lectures at set times and generally offer online courses in the evenings or on weekends.
Widely recognized as strong and knowledgeable leaders, MBA degree holders possess the skills needed to effectively guide business decisions and formulate strategies.
The U.S. Bureau of Labor Statistics (BLS) projects an 8% growth rate for top executive jobs, just above the 7% average for all occupations. The BLS also lists top-paying entrepreneurial positions that include general and operations managers who run companies and executive directors who head up organizations. General and operations managers, in particular, can expect a 9% projected employment growth rate.
MBA graduates should prepare for a competitive search when seeking top executive positions. Widely recognized as strong and knowledgeable leaders, MBA degree holders possess the skills needed to effectively guide business decisions and formulate strategies. Many MBA students focus on entrepreneurship because they want to start their own companies or organizations.