Top Online MBA Programs in Entrepreneurship

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Top Online MBA Programs in Entrepreneurship Badge

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.

Top 10 Online MBA Programs in Entrepreneurship

Rank School Location
1 Carnegie Mellon University Pittsburgh, PA
2 University of North Carolina at Chapel Hill Chapel Hill, NC
3 Messiah College Mechanicsburg, PA
4 Samford University Birmingham, AL
5 Santa Clara University Santa Clara, CA
6 Salve Regina University Newport, RI
7 Clemson University Clemson, SC
8 Syracuse University Syracuse, NY
9 Endicott College Beverly, MA
10 Northeastern University Boston, MA
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Advertisement OnlineMBA.com is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

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Top Online MBA Programs in Entrepreneurship for 2020

  1. Carnegie Mellon University
    Location

    Pittsburgh, PA

    Tuition

    $$$$$

    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.

    Other Concentrations

  2. University of North Carolina at Chapel Hill
    Location

    Chapel Hill, NC

    Tuition

    $$$$$

    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.

    Other Concentrations

  3. Messiah College
    Location

    Mechanicsburg, PA

    Tuition

    $$$$$

    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.

    Other Concentrations

  4. Samford University
    Location

    Birmingham, AL

    Tuition

    $$$$$

    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.

    Other Concentrations

  5. Santa Clara University
    Location

    Santa Clara, CA

    Tuition

    $$$$$

    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.

    Other Concentrations

  6. Salve Regina University
    Location

    Newport, RI

    Tuition

    $$$$$

    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.

    Other Concentrations

  7. Clemson University
    Location

    Clemson, SC

    Tuition

    $$$$$

    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.

    Other Concentrations

  8. Syracuse University
    Location

    Syracuse, NY

    Tuition

    $$$$$

    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.

    Other Concentrations

  9. Endicott College
    Location

    Beverly, MA

    Tuition

    $$$$$

    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.

    Other Concentrations

  10. Northeastern University
    Location

    Boston, MA

    Tuition

    $$$$$

    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.

    Other Concentrations

  11. Finance
  12. Healthcare Administration
  13. Marketing

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.

  • President

    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

    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: $1,000

    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: $2,000

    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: Varies

    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: Varies

    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: $1,000

    National Association for the Self Employed

    Founded 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’ Organization

    EO 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 Council

    As 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 Alliance

    The 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.

    Vistage

    As 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.

    Advertisement OnlineMBA.com is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.

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