Types of Specialization – Entrepreneurship
An MBA in Entrepreneurship is the perfect specialization for candidates looking to start a successful business venture. The degree usually includes a standard MBA curriculum alongside entrepreneurship-focused classes, such as venture capital and asset management.
What You Need to Study an MBA in Entrepreneurship
Each entrepreneurship-tailored MBA program will have different requirements. Generally, most b-schools will require the following:
- Three to five years of professional experience (although this can vary)
- An undergraduate degree
- A good GMAT/GRE score
- Employers’ recommendation
In terms of skills, you’ll need:
- Resilience
- Passion for entrepreneurship
- Proactive attitude
MBA in Entrepreneurship – Course Content
While walking into the first course of an MBA in entrepreneurship with a business plan in hand isn’t necessary, it can be helpful to know exactly what you want from your MBA. As with any other MBA career path, the clearer an idea you have, the more you’ll be able to get out of it.
However, if you don’t have a preformed business plan, don’t worry – an MBA in entrepreneurship is built around helping you create and implement start-ups and new ventures. While it can be helpful, you might find that your MBA takes your preconceived notions and rips them to shreds. When it comes to start-ups in particular, who knows how the new ideas you’ll be exposed to and the people you’ll meet will inspire you?
Common entrepreneurship MBA courses include:
- Generating new start-up and venture ideas
- New venture feasibility
- Financing, managing, and marketing new ventures
- The legal structures behind a new business
- Sustaining a start-up
- Venture capital
- Entrepreneurial strategies
- Social innovation and entrepreneurship
- Product design and marketing
On an entrepreneurship MBA, you might also have the opportunity to participate in venture capital competitions.
Last Updated: 07 Dec 2020
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