An MBA in entrepreneurship equips learners with the knowledge and tools to start their own businesses or advance into leadership roles. The U.S. Bureau of Labor Statistics (BLS) estimates nearly 600,000 new jobs in finance and business from 2018-2028. This outlook bodes well for self-starting, enthusiastic professionals looking to branch out on their own.
Traditional MBAs include coursework in management, marketing, and related business fundamentals. Specializations in entrepreneurship train students to move ahead in their current positions or to work independently.
Choosing the right MBA in entrepreneurship requires careful consideration of curricula, cost, and degree requirements. This page covers what goes into an MBA in entrepreneurship, plus opportunities and resources related to the degree.
Here are the 10 Best Online MBA Programs in Entrepreneurship:
- Carnegie Mellon University - Pittsburgh, PA
- University of North Carolina at Chapel Hill - Chapel Hill, NC
- Messiah College - Mechanicsburg, PA
- Samford University - Birmingham, AL
- Santa Clara University - Santa Clara, CA
- Salve Regina University - Newport, RI
- Clemson University - Clemson, SC
- Syracuse University - Syracuse, NY
- Endicott College - Beverly, MA
- Northeastern University - Boston, MA
Top Online MBA Programs in Entrepreneurship for 2020
|Rank||School||Location||Cost||Toggle||Logo||Tuition||% Receiving Financial Aid||Student Population||School Type||Description|
Carnegie Mellon University
|Location Pittsburgh , PA||Tuition $$$$$||% Receiving Financial Aid 60||Student Population 14,029||Tuition $136,000||School Type Private||
The Tepper School of Business at Pittsburgh's Carnegie Mellon University offers an MBA concentration in entrepreneurship designed for students seeking to start, acquire, join, or innovate an entrepreneurial company.
All of CMU's MBA programs cultivate skills in leadership development and analytical decision-making. This interdisciplinary program also encourages collaboration with other programs, integrating theory with practice through capstone experiences involving study abroad, consulting, management simulation, or an industry-track project.
Entrepreneurship concentration course topics include funding early stage ventures, entrepreneurial alternatives, and lean entrepreneurship. Students complete this accelerated MBA through four, 6.5-week semesters each year. Program length varies from 21-32 months, depending on enrollment.
University of North Carolina at Chapel Hill
|Location Chapel Hill , NC||Tuition $$$$$||% Receiving Financial Aid 67||Student Population 30,011||Tuition $125,550||School Type Public||
A public university system with a main campus in Chapel Hill, North Carolina, the University of North Carolina offers a top online MBA in entrepreneurship through its Kenan-Flagler Business School. Graduates of this top MBA experience an average salary increase of 39% within one year of graduation.
This top online MBA in entrepreneurship's curriculum includes core coursework in business strategy and entrepreneurship courses on new ventures discovery, business innovation, and social entrepreneurship in developing economies. Students can choose electives from anywhere in UNC's MBA or master of accounting curricula.
Students complete this 62-credit degree in 18-36 months, depending on enrollment. Many students finish in two years by taking two classes per quarter over eight quarters.
Applicants need accredited bachelor's degrees and two years' professional experience, and application submissions include resumes, transcripts, two letters of recommendation, and essays. Students also undergo a webcam interview and may need to submit GMAT/GRE test scores if not eligible for the waiver.
ConcentrationsView School Profile
|Location Mechanicsburg , PA||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 3,375||Tuition $24,840||School Type Private||
A private Christian college located in Mechanicsburg, Pennsylvania, Messiah College offers an MBA in social entrepreneurship geared toward students who want to improve local communities through business enterprise.
Messiah's fully online, 36-credit entrepreneurship MBA program emphasizes practical application, career development, networking, and faculty mentorship. This MBA features six- and eight-week courses, takes two years to complete, and culminates in a faculty-guided capstone project.
Students complete 27 credits of core course requirements in innovation and entrepreneurship, business strategy, and managerial accounting. The social entrepreneurship concentration includes three specialized courses in social media strategy, social business modeling, and social entrepreneurship theory and practice.
Eligible applicants hold bachelor's or master's degrees and cumulative GPAs of at least 3.0. Application materials include transcripts, a personal statement, a resume, and one recommendation. Messiah does not charge application fees or other fees beyond tuition.
ConcentrationsView School Profile
|Location Birmingham , AL||Tuition $$$$$||% Receiving Financial Aid 98||Student Population 5,619||Tuition $31,032||School Type Private||
Samford University, a private Christian university located in Homewood, Alabama, features an entrepreneurship MBA that prepares aspiring business starters and innovators for success in a global business environment.
Samford's interdisciplinary MBA curriculum emphasizes social responsibility and cultivates skills in problem-solving, critical thinking, and collaboration. Students who have completed nine credits of prerequisites in financial accounting, economics and statistics foundations, and corporate finance can earn their entrepreneurship concentration in 39 credits.
The curriculum includes 30 credits of core courses in managerial finance, accounting for decision-making, and managerial communications and analysis. Students choose their remaining nine credits from entrepreneurship-related electives. Learners must maintain a minimum 3.0 GPA to pursue a concentration or graduate.
Applicants need regionally accredited bachelor's degrees and a minimum 480 GMAT (or GRE equivalent) score. Samford prefers applicants who also demonstrate relevant work experience. Application requirements include official transcripts, test scores, and a resume.
ConcentrationsView School Profile
Santa Clara University
|Location Santa Clara , CA||Tuition $$$$$||% Receiving Financial Aid 71||Student Population 8,642||Tuition $31,416||School Type Private||
The Leavey School of Business at Santa Clara University, a private nonprofit school located in Santa Clara, California, features an online MBA concentration in leading innovative organizations.
Ideal for current or aspiring entrepreneurs in Silicon Valley, this top MBA program focuses on building skills in organizational systems development and change management. Concentration-specific courses include strategic business negotiations, change management, and entrepreneurship. Mid-career salaries for Leavey graduates average $167,800, placing Leavey in the top 10% of schools in this category.
This accelerated, 70-unit MBA program takes two years to complete. Students take asynchronous classes online and attend two residencies offered at the beginning and end of their program.
Eligible applicants boast three years' professional experience and submit two recommendation letters, GMAT scores, and three short essays. Qualified applicants also undergo an interview with SCU admissions staff.
Salve Regina University
|Location Newport , RI||Tuition $$$$$||% Receiving Financial Aid 99||Student Population 2,647||Tuition $21,780||School Type Private||
A private nonprofit university located in Newport, Rhode Island, Salve Regina University provides an online MBA concentration in entrepreneurial enterprise designed for service-oriented students aligned with Salve's values of harmony, mercy, and justice.
This 36-credit top MBA program cultivates opportunity analysis and strategic planning. It comprises 10 required courses and two electives. Entrepreneurial enterprise-related course topics include creative problem-solving, business foresight, and entrepreneurial enterprise. Students usually complete this 100% online program within two years of part-time attendance.
Applicants must hold an accredited bachelor's degree and meet accounting, economics, and quantitative analysis prerequisites to join the MBA program. Alternatively, Salve Regina accepts CLEP examination results demonstrating proficiency in these areas. Application requirements include two letters of recommendation, a current resume, a personal statement, and official transcripts.
|Location Clemson , SC||Tuition $$$$$||% Receiving Financial Aid 96||Student Population 24,951||Tuition $61,936||School Type Public||
A public university located in Clemson, South Carolina, Clemson University offers a part-time, hybrid MBA in entrepreneurship and innovation, designed for working professionals planning to found or innovate an organization or company.
Clemson's part-time MBA offers an unusually comprehensive, entrepreneurship-focused curriculum, including courses in entrepreneurial accounting, strategy, and law. This MBA program also covers venture creation, financing, and management, and it includes an internship and capstone involving business planning.
Students can complete this 36-credit degree in two years by taking 5-6 credits per semester during the fall, spring, and summer semesters. These numbers include in-person courses, which take place during two weekends per semester in Greenville, South Carolina.
Applicants for this top MBA in entrepreneurship and innovation need at least five years' professional experience and must submit transcripts, a resume, letters of recommendation, and GMAT scores (or waiver). Some applicants may also undergo interviews.
|Location Syracuse , NY||Tuition $$$$$||% Receiving Financial Aid 73||Student Population 22,803||Tuition $87,480||School Type Private||
The award-winning entrepreneurship department at Syracuse University's Martin J. Whitman School of Management boasts a top online MBA in entrepreneurship for business professionals interested in innovation and/or new ventures.
Ranked among the best online MBA programs according to The Princeton Review, Syracuse's award-winning, 54-credit program includes 36 credits of core courses in management, accounting, economics, and data analysis. Syracuse's three-course entrepreneurship concentration requires an entrepreneurship foundations course plus two courses in corporate entrepreneurship, venture capital, or new product development.
This part-time MBA takes two years for students who take at least two courses per term, but busy students may choose to spread the program over three years. This program also requires three one-credit residencies.
For admissions consideration, entrepreneurship MBA applicants need an accredited bachelor's degree and one or more years' full-time professional experience.
ConcentrationsView School Profile
|Location Beverly , MA||Tuition $$$$$||% Receiving Financial Aid 96||Student Population 4,794||Tuition $31,962||School Type Private||
The entrepreneurship MBA offered by the Van Loan School of Graduate and Professional Studies at Endicott College, a private college in Beverly, Massachusetts, emphasizes networking and mentorship opportunities and supports graduate outcomes through its internship and career center resources.
Endicott's 42-credit MBA program includes 12 required courses in foundational management topics such as business strategy, marketing, and finance. To complete the entrepreneurship concentration, students take four additional courses in family business, entrepreneurial enterprise, entrepreneurial marketing, and entrepreneurial venture finance. Students may earn multiple concentrations.
The online MBA's flexible format allows students to complete this program on their own schedule, in as few as 18 months. All applicants submit recommendation letters, transcripts, and essays, and the application process may require an interview. Endicott does not require GMAT scores.
|Location Boston , MA||Tuition $$$$$||% Receiving Financial Aid 75||Student Population 21,627||Tuition $82,000||School Type Private||
Located in Boston, Massachusetts, Northeastern University features a 50-credit online MBA in innovation entrepreneurship, designed for working professionals seeking career advancement through innovation or entrepreneurship.
Offered by Northeastern's AACSB-accredited and top-ranked D'Amore-McKim School of Business, this online MBA program emphasizes current innovation needs, tactics, and skills through an experiential online MBA curriculum of 13 foundational business courses and five electives, including three concentration courses in topics such as early stage ventures, new product development, and global social entrepreneurship and innovation.
Students can complete this accelerated, two-year program completely online or through a blend of online coursework and campus-based and/or international field residencies.
Eligible MBA applicants boast accredited undergraduate degrees, minimum 3.0 GPAs, and at least five years of professional leadership experience. Northeastern does not require GMAT testing, but all applicants submit transcripts, recommendation letters, resumes, and essays.
Azusa Pacific University
|Location Azusa , CA||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 10,095||Tuition $25,818||School Type Private||
Azusa Pacific University, an evangelical Christian college located in Azusa, California, provides an online MBA in entrepreneurship for professionals seeking career advancement through a Christ-centered business education.
APU's engaging entrepreneurship MBA incorporates team activities, venture simulations, personal assessments, and case studies to help students apply their marketing, business strategy, and entrepreneurship knowledge and skills.
Students can complete this 42- to 43-credit part-time accelerated MBA program in 15-30 months. They take one or two classes per term during eight-week terms, which APU's MBA program runs throughout the year. APU's flexible, asynchronous attendance format allows students to complete their weekly coursework during their most convenient, free hours.
Applicants need a minimum 2.5 cumulative GPA and a regionally accredited bachelor's degree. Students with undergraduate GPAs of 3.25 and higher need not submit GMAT or GRE scores, but APU still requires transcripts, application essays, and resumes. APU's students undergo a two-week online orientation before beginning the program.
University of Massachusetts - Amherst
|Location Amherst , MA||Tuition $$$$$||% Receiving Financial Aid 89||Student Population 30,593||Tuition $40,500||School Type Public||
University of Massachusetts Amherst's Isenberg School of Management offers an online MBA with a focus in entrepreneurship, which gives graduates the innovative leadership skills necessary to start or revitalize organizations.
UMass Amherst's 45-credit online MBA curriculum comprises two one-credit prerequisites in accounting and finance. It also includes 34 core course credits in various MBA fundamentals and nine entrepreneurship elective credits in topics such as business turnaround strategies, digital marketing, and entrepreneurship.
UMass Amherst's online MBA offers four semesters per year, including 14-week fall and spring semesters, 10-week summer semesters, and four-week winter semesters. Online students may complete their MBAs online, attending classes asynchronously, or opt for a hybrid MBA, blending online classes with on-campus offerings at the Springfield, Shrewsbury, or Boston campuses.
UMass online MBA applicants submit personal essays, transcripts, resumes, and standardized test scores.
ConcentrationsView School Profile
James Madison University
|Location Harrisonburg , VA||Tuition $$$$$||% Receiving Financial Aid 63||Student Population 21,751||Tuition $20,958||School Type Public||
A public university in Harrisonburg, Virginia, James Madison University offers a part-time, blended MBA program in innovation. This program caters to working professionals seeking cutting-edge leadership skills for today's dynamic, complex, and global business world.
JMU's innovation MBA curriculum provides general business management courses and innovation-related essentials such as entrepreneurship and venture creation, management of new product development, and internet marketing. This MBA curriculum includes an optional cultural awareness experience through an international trip, partially funded by JMU.
Students usually move with a cohort through this 48-credit, hybrid MBA by taking two eight-week courses at a time for two years. Classes meet synchronously online and twice on-campus in Harrisonburg every three weeks.
Prospective students boasting accredited bachelor's degrees may apply. Applicants without business-related bachelor's degrees must complete prerequisites in financial accounting, statistics, and economics. Application submissions include transcripts and GMAT scores (or waiver).
ConcentrationsView School Profile
University of Massachusetts - Lowell
|Location Lowell , MA||Tuition $$$$$||% Receiving Financial Aid 91||Student Population 18,242||Tuition $17,250||School Type Public||
Designed for working adults, the University of Massachusetts Lowell's part-time online MBA concentration in entrepreneurship integrates business fundamentals with concentration-related electives in venture creation, innovation, and new product development.
UMass Lowell's fully online, 42-credit MBA in entrepreneurship curriculum entails six two-credit foundation courses, seven three-credit MBA core courses, and three three-credit concentration electives.
Students who have completed the six foundation courses (with grades of B or higher) during their undergraduate business degree need only 30 additional MBA credits to graduate. These students can earn UMass Lowell's accelerated, part-time MBA in just 18 months.
All applicants submit statements of purpose, letters of recommendation, official transcripts, and resumes; some submit standardized test scores. Eligible applicants may receive GMAT waivers.
John Brown University
|Location Siloam Springs , AR||Tuition $$$$$||% Receiving Financial Aid 99||Student Population 2,516||Tuition $21,600||School Type Private||
A private Christian university located in Siloam Springs, Arkansas, John Brown University offers an MBA concentration in design thinking and innovation to prepare Christian businesspeople for exciting careers as entrepreneurs, innovators, and social leaders.
JBU's 45-credit online MBA in entrepreneurship curriculum includes nine foundation course credits, 24 general MBA core course credits, and 12 concentration-related elective credits. Core MBA courses include strategy, Christian business foundations, and managerial finance, while concentration offerings include project management, design research, and design thinking methods.
This online MBA takes about two years to complete. Students with undergraduate degrees in business usually finish more quickly, completing only 36 credits after demonstrating prior completion of equivalent courses. JBU's MBA students can complete coursework completely online or through a blend of online and on-campus classes.
Applicants submit a short essay, three recommendation letters, and official transcripts demonstrating completion of a regionally accredited bachelor's degree with a minimum 3.0 GPA. Candidates with a minimum 2.75 GPA may request provisional acceptance. Some applicants undergo an interview.
Saint Mary's College of California
|Location Moraga , CA||Tuition $$$$$||% Receiving Financial Aid 98||Student Population 3,881||Tuition $34,125||School Type Private||
A Catholic college located in Moraga, California, Saint Mary's College of California features an executive MBA in entrepreneurship. This degree serves working professionals seeking to expand their careers through innovation or entrepreneurship in for-profit, nonprofit, and public sectors. SMC boasts an 11-to-1 student-to-faculty ratio.
Concentration-related courses focus on entrepreneurial thinking and new venture financing, creation, and growth. SMC's MBA capstone project entails analyzing and developing recommendations for real organizations. Students can finish this accelerated, hybrid MBA in as few as 18 months, meeting online twice weekly and in-person every other Saturday.
Eligible applicants must hold regionally accredited bachelor's degrees and demonstrate professional management experience. Applicants submit personal statements, official transcripts, recommendation letters, and resumes.View School Profile
|Location Cedarville , OH||Tuition $$$$$||% Receiving Financial Aid 99||Student Population 4,150||Tuition $24,297||School Type Private||
Through its partnership with the International Center for Creativity in Columbus, Cedarville University -- a private nonprofit Baptist university in Cedarville, Ohio -- features on online MBA concentration in innovation and entrepreneurship.
Designed for working adults, this 36-credit online MBA looks at business creation and innovation through a biblical lens. It usually takes two years of part-time attendance to complete.
Cedarville's MBA curriculum covers general business courses in strategic marketing, financial management, and organizational design, and the innovation and entrepreneurship concentration features courses in innovative design thinking principles, current trends, business modeling, and new venture creation. Cedarville's online MBA courses encourage active learning through simulations, case studies, and a capstone project.
Applicants must hold regionally accredited bachelor's degrees and profess Christian faith. Applicants submit official transcripts and recommendation letters. Students who lack prerequisites in statistics, accounting, and economics may complete these classes as part of their MBA curriculum or through Cedarville's center for lifelong learning.
ConcentrationsView School Profile
University of Arizona
|Location Tucson , AZ||Tuition $$$$$||% Receiving Financial Aid 86||Student Population 44,097||Tuition $51,525||School Type Public||
Based in Tucson, the University of Arizona's Eller College of Management offers an online MBA in entrepreneurship, which combines business fundamentals, entrepreneurship electives, and an optional global business trip.
This flexible online MBA program offers six possible start dates each year and runs two sessions per semester. Students complete this 45-credit degree at their own pace in 14-30 months.
UArizona's MBA curriculum features 38 core credits in subjects such as managerial communications, operations management, and business strategy. Students also complete 17 elective units, which may include global social entrepreneurship, healthcare entrepreneurship, and customer-focused entrepreneurship. Online MBA students can join on-campus MBA students on a global business experience trip to places such as Brazil, Chile, and Singapore.
Applicants submit a comprehensive essay, a professional resume, official transcripts, and letters of recommendation. Students who do not qualify for waivers also submit GMAT/GRE scores, and all online student applicants undergo a screening interview.
ConcentrationsView School Profile
Ball State University
|Location Muncie , IN||Tuition $$$$$||% Receiving Financial Aid 90||Student Population 21,884||Tuition $25,020||School Type Public||
A public university located in Muncie, Indiana, Ball State University runs an online MBA program with an entrepreneurship concentration, which prepares students to start and/or lead innovative business ventures. Ball State's program focuses on cultivating key leadership skills and knowledge in business strategy and decision-making.
Program length varies, but most Ball State online MBA students work full time and study part time, completing their degrees within two years by taking two courses per semester. Students without business-related bachelor's degrees must take additional, foundational course credits and usually need more time. Some MBA students attend full time and graduate more quickly.
Students with prior business degrees take 24 core course credits and six elective credits. Entrepreneurship topics include innovation, opportunity discovery, planning and feasibility, and strategy.
Most of Ball State's online MBA courses run synchronously, with online students participating in live class sessions. Online courses cost less, but students within commutable distance often attend some on-campus courses.
Eligible applicants boast regionally accredited bachelor's degrees and a minimum 2.75 GPA. Application materials include GMAT or GRE scores (or waiver), resumes, and letters of recommendation.
Pennsylvania State University
|Location University Park , PA||Tuition $$$$$||% Receiving Financial Aid 64||Student Population 46,810||Tuition $58,320||School Type Public||
The Smeal College of Business at Pennsylvania State University in State College, Pennsylvania, provides an interdisciplinary online MBA program that prioritizes integration, engagement, and collaboration.
Penn State's general MBA courses familiarize students with modern management practices and principles, and the corporate innovation and entrepreneurship concentration includes elective courses on emerging trends, corporate innovation, new venture creation, and entrepreneurial methods.
After attending the five-day residency at the start of their program, students may complete this 48-credit program mostly online by attending classes asynchronously. Penn State also offers optional synchronous discussions and an optional one-week global immersion trip.
Applicants need bachelor's degrees from regionally accredited schools (or the equivalent). Penn State prefers candidates with two years' relevant experience and prior coursework in math, economics, and accounting.
California Lutheran University
|Location Thousand Oaks , CA||Tuition $$$$$||% Receiving Financial Aid 97||Student Population 4,383||Tuition $38,475||School Type Private||
A private, nonprofit university in Thousand Oaks, California, California Lutheran University offers a flexible 45-credit online MBA with a concentration in enterprise innovation and entrepreneurship.
This MBA curriculum includes eight required courses, two emphasis courses, four electives, and one capstone course. Required courses include enterprise management, business ethics, strategic decision-making, and innovative business models. Concentration electives cover topics such as agile product development, entrepreneurial finance, and growth stage venture management.
Students choose from several capstone options, including international travel, internships, consulting, and creating a business plan or project. CLU's program includes study abroad opportunities, special entrepreneurship and networking events, and a startup coworking space called the Westlake Center.
Designed for full- or part-time students, this program usually runs for 12-24 months, offering online and hybrid attendance options. Online courses take place over five eight-week terms each year.
ConcentrationsView School Profile
Nova Southeastern University
|Location Fort Lauderdale , FL||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 20,435||Tuition $14,800||School Type Private||
Nova Southeastern University, a private nonprofit university in Fort Lauderdale, Florida, boasts an online MBA with a major in entrepreneurship. With 18 credits devoted to entrepreneurship, NSU covers this field more thoroughly than many other schools offering entrepreneurship MBAs.
This 37- to 49-credit program usually takes 18-21 months to complete, comprising 19-29 credits in foundational business management topics and 18 entrepreneurship credit hours. Core courses occur online or on-campus, but students must complete concentration courses on Saturdays at Fort Lauderdale or Davie campuses. Students who live at least 75 miles away qualify for a 20% tuition discount.
General MBA courses include information strategy for digital transformation, analytical modeling for decision-making, and financial management. Some students may qualify for credit waivers for foundation courses completed during college.
NSU's concentration coursework focuses on entrepreneurial law, finance, and international trade. Additional concentration course topics include venture creation and lean entrepreneurship. Students also complete an internship or a special topics course in this field.
University of New Hampshire
|Location Durham , NH||Tuition $$$$$||% Receiving Financial Aid 85||Student Population 15,298||Tuition $38,400||School Type Public||
Located in Durham, New Hampshire, University of New Hampshire's Peter T. Paul College of Business and Economics boasts northern New England's top-ranked part-time MBA. Available online MBA specializations include growth and innovation, which prepares graduates for corporate entrepreneurship, social enterprise, or new ventures.
Students can complete UNH's part-time, 48-credit MBA completely online or through a mix of online and on-campus courses, offered in Durham or Manchester. Courses run for eight weeks, meeting weekly in the evenings.
Students typically complete this curriculum (nine core courses and seven electives) in 24-42 months. Elective requirements include nine credits of concentration courses, such as managing growth and innovation, venture capital, new project development, and international management. Students need a 3.0 GPA to graduate.
Applicants need bachelor's degrees from accredited schools and two years or more of professional experience. UNH requires submission of personal statements, official transcripts, resumes, and recommendation letters. It does not require GMAT/GRE scores.
ConcentrationsView School Profile
Concordia University - Chicago
|Location River Forest , IL||Tuition $$$$$||% Receiving Financial Aid 100||Student Population 6,005||Tuition $27,690||School Type Private||
Concordia University Chicago in River Forest, Illinois boasts an online MBA in entrepreneurship, which cultivates ethical leadership, critical thinking, and creative innovation skills for solving business problems. Students move through this program in a cohort, networking and building collaborative skills.
Entrepreneurship students take courses in new venture opportunity, digital strategy, prototyping, and business planning. Each of CUC's MBA courses requires a signature project, which goes into an e-portfolio for students to share with prospective employers.
Online MBA students can complete CUC's 12-course, 36-credit MBA at their own pace, either online or through a blended format. The accelerated version of this MBA takes just one year to complete.
MBA applicants need a regionally accredited bachelor's degree and a minimum 2.85 GPA. Those who do not meet the above requirements may receive provisional or probationary admission. Application requirements include official transcripts, resumes, and letters of recommendation, but CUC does not require GMAT scores or an application fee.
|Location Utica , NY||Tuition $$$$$||% Receiving Financial Aid 98||Student Population 5,196||Tuition $26,850||School Type Private||
A private, nonprofit college in Utica, New York, Utica College runs an online MBA in entrepreneurship that emphasizes modern, outcomes-based skills in data-driven decision-making, financial management, and market analysis. The project-based MBA capstone experience cultivates hands-on learning by engaging students with real-world companies.
Entrepreneurship MBA course topics at UC include audience and market analysis, fundamental models and concepts, product and organizational development, and revenue diversification and model creation. This 30-credit online MBA includes 15 core business credits, 12 specialization credits, and three capstone course credits. Students complete this two-year, part-time MBA in a blended or online format, either synchronously or asynchronously.
Eligible applicants hold a bachelor's degree (or the international equivalent), a minimum 2.7 cumulative GPA, and two years' work experience. Experienced applicants with lower GPAs may apply for provisional admission.
How We Rank Online MBA Programs
Want to know how we create our rankings? We assess schools based on academic quality, affordability, online flexibility, and student success.
Quality (30% of total score)
|A low student-to-faculty ratio, a wide breadth of specialized MBA programs, and a high retention rate of students returning after their first year are all indicators of a quality university.|
Affordability (10% of total score)
|The amount of financial aid offered factors into a school's net price; this, paired with a low loan default rate, indicates that students may find a school's tuition within their budget.|
Online Flexibility (20% of total score)
|Scores for online flexibility focus on schools that have a high percentage of fully online students, but consideration is also given to schools that enroll partially online students using hybrid programs.|
Student Success (40% of total score)
|Both strong hallmarks of student success, we look for programs with high graduation rates whose students go on to have higher-than-average median earnings.|
What Is an MBA in Entrepreneurship?
An MBA in entrepreneurship benefits individuals working across economic sectors. MBA in entrepreneurship graduates can advance to chief executive roles, which should see a 6% growth rate in employment from 2018-2028. Entrepreneurship allows for innovators to strike out on their own. It also gives freelancers, travelers, and workers seeking new opportunities the skills to create their own flexible, fulfilling careers.
According to the BLS, local government, corporate management, and education employ the highest numbers of top executives in the United States. Executives in investment services and extraction, distribution, and transportation of natural resources earn the highest salaries in the profession.
Why Should You Get an Online MBA in Entrepreneurship?
Through convenient, flexible coursework, top online MBAs in entrepreneurship build managerial and critical thinking skills. Working professionals can earn MBAs in entrepreneurship while maintaining their current positions, perhaps with the goal to run a business of their own.
The expanding gig economy continues to change professional landscapes around the world. Self-employment continues to thrive, as do startups in technology and related industries. MBAs prepare professionals to develop business plans, design budgets, and communicate effectively with investors and collaborators, all essential skills for entrepreneurs.
Entrepreneurship MBAs also foster growth in organizations by training student employees to coordinate among departments, manage finances, and serve as leaders. With MBA degrees, entry-level marketers, financial professionals, and sales workers move into managerial roles. In 2018, purchasing agents, who should hold bachelor's degrees, earned an annual median wage of $67,600. Sales managers, holding MBAs, made a median annual salary exceeding $124,000.
What Can You Do With an MBA in Entrepreneurship?
- Chief Executive Officer
Chief executive officers (CEOs) are the highest-ranking officials in their organizations. By developing and coordinating strategic plans, CEOs make sure that their organizations meet their goals. They make decisions regarding management, budgets, and policies, collaborating with managers across departments or subsidiaries.
CEOs possess comprehensive business knowledge. They also communicate with boards of directors and relay information to investors and stakeholders. These professionals monitor markets, competitors, and industry developments. The BLS reports that CEOs earned a mean annual wage of over $200,000 in 2018.
Company and organization presidents develop, plan, and implement their institution's vision. Presidents serve as leaders, cooperating and coordinating with departments under their authority to meet short- and long-term goals.
Much like CEOs, presidents oversee budgets and financial management within their organizations, and they may have additional insights into daily operations. They work closely with boards of directors and report about their organizations' financial health to shareholders. PayScale found that entry-level presidents earn a median annual salary of over $102,000. Senior-level presidents earn nearly $165,000 annually.
- Small Business Owner
Small-business owners work for themselves, overseeing their companies' operations. Small businesses cover a range of industries, with popular areas including childcare, cosmetology, and landscaping. Graduates with their MBA in entrepreneurship can start their businesses with a full understanding of the financial demands and challenges, increasing their chances at success.
According to the U.S. Bureau of Labor Statistics (BLS), self-employed workers across all industries earned a median annual income of $32,020. Those working in areas such as personal care and service, management, and transportation earned a median annual salary exceeding $60,000.
- General and Operations Manager
General and operations managers plan and oversee their organizations' day-to-day operations. They deal with staffing, scheduling, materials, and administration. This particular job title encompasses diverse tasks across many industries. Employees who hold an MBA in entrepreneurship boast skills in leadership, financial oversight, and business structures, helping them to succeed in their respective fields.
The BLS reports an annual median wage of $100,780 for general and operations managers as of May 2019.
- Management Analyst
Often working for consulting firms or as self-employed workers, management analysts assess companies' financial data and budgets, interview staff, and suggest improvements. Because management analysts are often self-employed, MBAs in entrepreneurship can provide them with the necessary skills to run successful businesses and analyze other organizations' success.
According to the BLS, management analysts earned an annual median wage of $85,260 as of 2019. The BLS also projects demand for management analysts to increase by 14% from 2018-2028.
Online MBA in Entrepreneurship Curriculum
MBA curricula vary by program. Core coursework focuses on subsets of business administration to build a comprehensive understanding of the field. Learners study accounting, business communication, and business strategy alongside marketing, managerial economics, and applied statistics. MBAs in entrepreneurship build on foundational coursework with classes designed to help learners start their own businesses or advance into leadership roles. Topics include business innovation and entrepreneurial finance.
Business innovation coursework focuses on strategies, techniques, and tools to change and introduce new ideas in a business setting. Students learn to create business models, capitalize on new markets, and effectively manage employees in an innovative business setting.
Franchising and Licensing
Courses in franchising and licensing explain the differences between the two concepts and how to participate in each process. Learners explore the legal and ethical aspects of intellectual property, trademarks, and business contracts as they relate to franchises and licenses.
Entrepreneurial Planning and Feasibility
Entrepreneurial planning and feasibility classes train students to plan and implement new business ventures effectively and efficiently. Learners study theories of business planning, focusing on budgets and markets for specific types of goods and services. Often based on case studies and practical exercises, planning and feasibility coursework builds analytical, problem-solving, and critical thinking skills.
See More Top MBA Programs
How to Choose the Right Online MBA in Entrepreneurship Program
When choosing an online MBA in entrepreneurship, learners need to consider several factors. Cost, convenience, and curricula weigh heavily into one's choice, while graduation requirements and accreditation status help students decide which degree best meets their personal and professional goals.
An online degree allows students to complete an MBA program on a flexible, convenient schedule. Traditional MBAs include coursework that full-time students complete in two years. Online coursework may allow learners to earn their MBAs in as few as 18 months. Part-time students benefit from online programs by taking coursework over 3-5 years.
Many institutions offer flat-rate online tuition. Out-of-state students benefit from this, paying the same for their degrees as in-state students. Per-semester tuition gives learners the option to take additional credit hours without accruing additional costs.
Learners who want to earn MBAs in entrepreneurship should look at each program's class offerings, along with the institution's instructors and graduation requirements. Students focusing on the technology sector might find programs with coursework geared toward that industry, while individuals interested in healthcare or finance should find programs pertaining to those fields.
Most MBA programs culminate in an internship, thesis, or research project. Students may find opportunities to complete these requirements in cooperation with their current places of work. Entrepreneurs who want to branch out on their own may use these requirements to build their new businesses. Business administration degrees may hold programmatic accreditation. Colleges and universities maintain regional or national accreditation, but programmatic accreditation attests to high academic standards within a specific program.
Scholarships for Entrepreneurship MBA Programs
Graduate students can apply for scholarships available to all learners. Students in MBA programs procure financial assistance through scholarships, grants, and fellowship programs. Many scholarships provide aid specifically to business administration learners, while future entrepreneurs benefit from funding opportunities geared toward their specific goals.
Looka Student Entrepreneur Scholarship
Who Can Apply: The Looka Student Entrepreneur Scholarship supports full-time students studying business, marketing, or design. Applicants must own a small business, submit a short essay, and provide a brief business plan for consideration.
Amount: $1,000Apply for Scholarship
Mary Elizabeth Lockwood Beneventi MBA Scholarship
Who Can Apply: Offered through the Daughters of the American Revolution, the Mary Elizabeth Lockwood Beneventi MBA Scholarship supports students studying business administration from accredited institutions. Learners must enroll full-time and demonstrate a minimum 3.25 GPA for consideration.
Amount: $2,000Apply for Scholarship
National Black MBA Association Scholarship Program
Who Can Apply: The NBMBAA scholarship program offers funding through partnerships with educational institutions around the world. Applicants must be members of the NBMBAA and complete online applications for consideration.
Amount: VariesApply for Scholarship
Rising Farmworker Dream Fund Fellowship
Who Can Apply: Designed to support the children of farmworkers in the United States, the RFDF fellowship provides aid to MBA students to facilitate financial literacy, entrepreneurship, and business activities. Recipients of the RFDF fellowship return home after completing their MBA in hopes of breaking the cycle of poverty among farmworkers and their communities.
Amount: VariesApply for Scholarship
HubShout Internet Marketing Scholarship
Who Can Apply: As a leading search engine optimization company, HubShout offers financial support to future internet marketing professionals. Applicants must have at least one year of college, hold a minimum 3.0 GPA, and demonstrate a passion for internet marketing.
Amount: $1,000Apply for Scholarship
Professional Organizations for Entrepreneurship
Professional organizations for entrepreneurs bring together like-minded business innovators. Members benefit from opportunities to attend annual events and engage with online communities, building essential networks in the process. Professional organizations also offer entrepreneurs career guidance, webinars, professional development programs, and trend and research updates.
- National Association for the Self EmployedFounded in 1981, the NASE offers guidance to self-employed individuals and small business owners. Resources include a small business locator, subscriptions to publications and newsletters, and access to expert advice. The NASE also houses an extensive online business learning and resource center.
- Entrepreneurs' OrganizationEO unites 14,000 entrepreneurs from around the world through mentorship, education, and event opportunities. Members gain access to EO's chapter events, leadership training, and career accelerator resources. The organization also offers a global student award program for aspiring entrepreneurs.
- Young Entrepreneur CouncilAs a fee-based, invitation-only organization, YEC supports entrepreneurs under the age of 45. Bringing together entrepreneurs from across economic sectors, YEC strives to improve policies surrounding entrepreneurship, build mentorship relationships, and promote free enterprise.
- Social Enterprise AllianceThe SEA promotes the U.S. social enterprise movement through mentorship and educational programs, a knowledge center, and discount programs. Members gain access to the SEA's member directory alongside resources to grow and advocate for social entrepreneurship on a national scale.
- VistageAs a coaching organization for small and mid-size businesses, Vistage supports more than 23,000 CEOs, business owners, and key executives with purpose-built programs and an extensive research center. Members build leadership skills through Vistage's peer group and professional guidance-based approach.