Entrepreneurship programs are commonly offered at the bachelor's and master's levels and may be stand-alone entrepreneurship degrees or concentrations within a business administration program. Bachelor's degree programs give students a general education in the liberal arts and business studies, including courses that will help them develop ideas for new businesses and bring them to fruition. Master's degree programs in this field of study offer advanced instruction, often through hands-on projects that stress the development of management and leadership skills.
Admission requirements for each degree vary by level. A bachelor's degree will require that students possess a high school diploma or GED and submit satisfactory SAT or ACT scores, along with their GPA. At the master's level, students should already have a bachelor's degree, along with satisfactory GRE or GMAT scores and some professional work experience if possible.
Bachelor's Degree in Entrepreneurship
Baccalaureate programs in entrepreneurship or in business or business administration (BBA) with a concentration in entrepreneurship incorporate a broad curriculum in small business management. Such programs generally require four years for completion and are available in traditional classroom and distance-learning formats. The focus is on developing new business ideas and on start-up procedures.
Typically, coursework is multidisciplinary and covers a broad range of topics related to management, marketing and the financial aspects of owning and operating a business. Specific classes might include:
- Business plan development
- Business operations
- Operations management
Master of Business Administration in Entrepreneurship
A master's degree program in entrepreneurship prepares students to become business professionals proficient in finance, management, marketing and promotion, business law, global business trends and other areas of operation. Many entrepreneurship programs stress the importance of leadership and management through business communication and relations. With a master's degree in entrepreneurship, business professionals can establish their own business, provide operational advice or manage existing businesses.
Graduate entrepreneurship programs use hands-on, practical training to prepare students to operate all aspects of a new business. Common courses include:
- Financial management
- Operations strategy
- Human resources
- Entrepreneurial strategy
- Business law
Popular Career Options
Graduates of bachelor degree programs in entrepreneurship may pursue careers in numerous industries, including financial services, banking and manufacturing. Specific roles might include:
- Store manager
- Business owner
- Department supervisor
Some entrepreneurs start their careers through the creation of a new business, but some work in existing corporations in order to apply and develop their skills. Career options include:
- Business owner
- Small business consultant
- Financial manager
- Executive business officer
- Venture capitalist
- Corporate business advisor
The U.S. Bureau of Labor Statistics reported that general and operations managers for businesses could expect to experience a 7% growth from 2018-2028. These professionals earned an average yearly salary of $123,880 in May 2018. Financial management positions were projected to rise 16% from 2018-2028, with workers receiving an annual mean yearly wage of $146,830 in May 2018.
Continuing Education Information
Doctoral degree programs in entrepreneurship are available for students seeking careers in academia and research, but the MBA is generally considered the terminal degree for practicing professionals. The Ph.D. curriculum is generally interdisciplinary and reviews entrepreneurship from various perspectives, such as psychology or economics.
Entrepreneurship can be studied on its own or as a specialization within a more generalized business degree. Students interested in entrepreneurship have a huge number of possible career paths to choose from and receiving a degree in the field will help them achieve the necessary qualifications.