Saurav Anand
Table of Contents
MBA in Entrepreneurship
The need for skilled managers and leaders who can steer a business toward success is ever-increasing. Running a company organization is a difficult endeavor. To effectively operate a firm, offer employment, and motivate individuals to perform their best, one must be a jack of all crafts. Although business acumen is the most significant attribute or talent needed for entrepreneurship, it is still crucial to have professional training on how to employ the flair of company management. As a result, an MBA in Entrepreneurship program is required.
The MBA in Entrepreneurship program provides students with the information, skills, and networks needed to become innovators and entrepreneurs. This MBA program teaches students how to generate business ideas, turn those ideas into services or products, and then develop a commercial project to bring the company concept to market.
MBA Entrepreneurship is a two-year program with four semesters. The MBA in Entrepreneurship program is available in full-time, part-time, online, and distance learning formats. A bachelor’s degree in any subject is the minimum requirement for this course.
Quick Questions
How does an MBA help an entrepreneur?
A degree is not required to operate a company. An MBA is not required to become a successful entrepreneur, but it does provide you with a competitive advantage. Furthermore, you will be able to make key choices to ensure the success of your start-up enterprise.
Who Benefits Most from an MBA in Entrepreneurship?
You should pursue an MBA with a concentration in Entrepreneurship if you have your sights set on either becoming a business owner or a high-ranking executive in the future. The goal of this course is to provide students with the creative mindset and effective methods necessary to realize their goals.
MBA in Entrepreneurship Eligibility Criteria
- Candidates must have earned a Bachelor’s degree or its equivalent from a recognized institution.
- Most institutions accept the GMAT, XAT, CAT, CMAT, SNAP, and MAT for admission.
- Some institutions additionally require students to have two years of job experience.
Required skill set: MBA in Entrepreneurship
MBA in Entrepreneurship candidates must have extensive managerial expertise. Other broad skill sets necessary are:
- Business acumen
- Leadership qualities
- Analytical skills
- Knowledge of business and market
- Self-starter
- Innovative and enterprising
- Self-discipline and Integrity
- Decisive and action-oriented
MBA in Entrepreneurship Overview
| Course level | Postgraduate |
| MBA in Entrepreneurship Duration | 2 years |
| MBA in Entrepreneurship Eligibility | One must possess a bachelor’s degree in any relevant field from a recognized college or university with a minimum aggregate of 50%. |
| MBA in Entrepreneurship Admission process | Entrance Exam Based + Merit Based |
| MBA in Entrepreneurship Entrance Exams | CAT, XAT, MAT, CMAT, GMAT, SNAP, NMAT |
| MBA in Entrepreneurship Exam Type | Semester based |
| MBA in Entrepreneurship Fees | INR 1 to 20 Lakhs |
| MBA in Entrepreneurship Salary | INR 3 to 5 lakhs |
People also ask
Q. What are the advantages of getting an MBA in Entrepreneurship before establishing a business?
Ans. The key advantage of obtaining an MBA in Entrepreneurship degree before establishing a company is that it will give you the information, skills, and training required to set up and operate a successful firm. You will, for example, acquire organizational skills, business administration, company growth, human resource management, business legislation, and other topics that you may not be familiar with otherwise.
Q. What is the cost of the MBA in Entrepreneurship program?
Ans. The MBA in Entrepreneurship course price varies from INR 3 lakh to 15 lakh for a full-time program. Part-time or remote learning programs provide cheaper course fees.
Q. When Should You Get an MBA in Entrepreneurship?
Ans.
- When a student has a clear strategy for the business enterprise he or she wants to pursue, he or she must seek an MBA in Entrepreneurship.
- The student must be sincere about the business he wants to pursue and attend all sessions in order to make the most of the circumstance. If a student is not willing to work hard, he or she will not gain from the course.
- Students must comprehend the content and be prepared to apply what they have learned. Most essential, the learner must understand which information would be beneficial to which aspect of the organization.
- Students from business-oriented families are more likely to profit from the course.
Q. Who should get a master’s degree in entrepreneurship?
Ans.
- Students from business-oriented families are more likely to profit from the course.
- Students with a business concept must pursue an MBA in Entrepreneurship.
- It is not a smart idea to get an MBA in Entrepreneurship since you lack other MBA specialties.
Types of MBA in Entrepreneurship
MBA in entrepreneurship is available in different modes for different students. It is available full time which is the most popular mode of MBA in Entrepreneurship.
Full Time
When it comes to MBA in Entrepreneurship, the most often used course is the full-time MBA in Entrepreneurship. It is a two-year program that covers topics including Management Processes and Organizational Behavior, Production and Operations Management, Research Methodology, Strategic Management & Business Policy, Business Communication, Statistics for Management, and Marketing Management.
MBA entrance examinations such as the CAT, MAT, and GMAT are used to determine admission to MBA programs in Entrepreneurship. Top MBA in Entrepreneurship programs are offered by Symbiosis International University, Amity Business School, Flame University, and SAGE University.
Part Time (Executive)
- Executive MBA in Entrepreneurship is a 1-year part-time MBA programme that focuses on mergers and acquisitions, entrepreneur tactics, venture capital, and other topics.
- The Executive MBA in Entrepreneurship focuses on teaching job seekers, managers, entrepreneurs, technocrats, and other business leaders in order to create the ideal environment for the production of Entrepreneurs.
- This course is ideal for those who have worked in the field for a long time and wish to establish their own firm, ideally and most likely in the same sector.
- GMAT, GRE, and other entrance tests are often used for EMBA admission. However, some universities also use Full Time MBA entrance tests, such as the CAT, to determine EMBA admission.
Skills Taught in an MBA in Entrepreneurship Management Course
Soft skills learned during an MBA degree include collaboration, networking, creativity, leadership abilities, and decision-making flexibility, all of which will serve you well when founding a firm. It is critical to have solid interpersonal skills and to work well with others. In terms of hard skills, having a well-rounded skill set is essential since you will be responsible for all aspects of the company in a small team. Finance, strategy, analytics, marketing, and other skills will be required. More specifically, an MBA in Entrepreneurship can help you overcome some of the unique hurdles that entrepreneurs confront when converting an idea into a thriving firm. You’ll learn about managing growth, securing money, monetizing innovation, market research, and social impact.
Top Colleges
| Name of Colleges | Course Fee(in INR) |
|---|---|
| Indian School of Business | INR 37.35lakh |
| SIBM Pune | INR 15.32 lakh |
| XLRI Jamshedpur | INR 25 lakh |
| Chandigarh University | INR 4.34 lakh |
| BML Munjal University | INR 11.55 lakh |
| Jamia Millia Islamia | INR 1.30 lakh |
| NMIMS University | INR 15-30 lakh |
| IMI Kolkata | INR 13.00 lakh |
| Institute of Management, Nirma University | INR 7.62 lakh |
| LM Thapar School of Management | INR 7.29 lakh |
| SPJIMR, Mumbai | INR 11.05lakh |
| Welingkar Institute of Management | INR 7.00 lakh |
| School of Business Management, NMIMS Mumbai | INR 9.06lakh |
| IIM Bangalore | INR 5.53lakh |
| Prin L.N Welingkar Institute Of Management Development & Research, Mumbai | INR 7lakh |
| Entrepreneurship Development Institute of India, Ahmedabad | INR 5.33lakh |
| Amity Business School Mumbai, Amity University Maharashtra | INR 7.44lakh |
| SP Jain School of Global Management | INR 9.61lakh |
Top MBA in Entrepreneurship Colleges in India as per NIRF Ranking
The best MBA in Entrepreneurship colleges, according to NIRF, are listed below:
| Name of College | NIRF Rank |
|---|---|
| IIM Bangalore | 2 |
| XLRI, Jamshedpur | 9 |
| SPJIMR | 18 |
| SIBM Pune | 22 |
| Amity Business School, Noida | 41 |
| MIT School of Management | 45 |
| Chandigarh University | 51 |
| Chitkara University | 75 |
Career/ Scope
MBA in Entrepreneurship is a career-enhancing programme that will help you create and manage a commercial company or maintain a family business using the most up-to-date market skills and tactics. Entrepreneurs are respected and loved in society because they are considered job creators and cash producers. They are crucial to the growth of a country and society.
Entrepreneurship Career Options Following an MBA
Many career possibilities in many industries are accessible after finishing an MBA in Entrepreneurship in India. MBA in Entrepreneurship alumni work in a variety of industries, including automotive, advertising, cattle, banking, telecommunications, hotels, fashion management, and others.
Marketing Manager A marketing manager is a professional who is in charge of an organization’s whole marketing strategy. A marketing manager supervises marketing efforts and ensures that all objectives are reached.
Entrepreneurs are professionals who own their own firms and work on their own start-ups in a variety of sectors. An entrepreneur oversees the whole company and works on all aspects of it.
Manager
A manager is a professional who is in charge of an organization’s whole department. A manager is in charge of supervising and managing all tasks, team members, and deadlines.
Other career opportunities for MBAs in Entrepreneurship include:
| Sales Manager | New Venture Developer |
| Corporate Supervisor | Department Manager |
| Business Consultant |
Higher Education Options for an MBA in Entrepreneurship
An MBA in Entrepreneurship provides students with a variety of job options. Students may choose to work for large worldwide businesses or firms. They may even start their own enterprises. After completing this course, graduates may pursue a Ph.D. in Management.
Frequently Asked Questions About MBA in Entrepreneurship
Q. What exactly is an MBA in Entrepreneurial Management?
Ans. MBA in Entrepreneurship Management is a degree that covers all aspects of entrepreneurship.
Q. How much does an MBA in Entrepreneurship Management graduate earn on average?
Ans. An MBA in entrepreneurship management typically earns roughly Rs. 6 lakh per year.
Q. What are the best entrance examinations for MBA in Entrepreneurship Management admission?
Ans. Some of the top MBA in entrepreneurial management admission tests include CAT, XAT, and GMAT.
Q. Which businesses recruit MBA in Entrepreneurship Management graduates?
Ans. Some of the top firms employing MBAs in entrepreneurship management are TCS, Wipro, Amazon, Google, Flipkart, Infosys, P Morgan Chase & Co., WNS Global Services, and Accenture.
Q. What talents do you need to be a successful entrepreneur?
Ans. Successful entrepreneurs must have business acumen, leadership traits, analytical abilities, understanding of business and the market, the capacity to take risks, proactivity, innovativeness, foresight, financial management, and so on.
Q. What is the curriculum for the MBA in Entrepreneurship?
Ans. Management Process & Organization Behavior, Financial Management, Production & Operations Management, Management Information System, Operations Research, Business Communication, Managerial Economics, Strategic Management & Business Policy, Legal Aspects of Business, Research Methodology, and other subjects are covered in the MBA in Entrepreneurship curriculum.
Q. What are the entrance requirements for the MBA in Entrepreneurship?
Ans. Course colleges choose applicants for admission to the MBA in Entrepreneurship based on an MBA entrance exam score and personality evaluation exams such as group exercises, business presentations, and personal interviews.
Q. Can I pursue a part-time MBA in Entrepreneurship program?
Ans. Yes, you may study for an MBA in Entrepreneurship part-time. This course is available in full-time, part-time, distance-learning, and online education formats in India.
