Individuals can apply to several online MBA in Entrepreneurship programs, though most are offered by for-profit institutions. Programs typically require students to obtain a bachelor's degree before applying, and some have course prerequisites like statistics or economics. The curriculum contains foundational courses in finance, marketing and organizational management. Core entrepreneurial classes include venture creation, acquisitions and financing a new business. Online MBA programs can prepare students to start their own business or assume financial and operations management positions. Many programs may include optional campus-based seminars and discussions.
MBA in Entrepreneurship
Students enrolled in entrepreneurship MBA programs learn skills for conceptualizing and operating a business, including product innovation, organizational management and financial planning. Many programs also require 1-2 years of work experience. Other MBA degree concentrations include leadership, finance and marketing.
Information and Requirements
Because teachers use streaming audio and video content to deliver lectures and exams, a computer with Internet access is required. Most programs are available entirely online; some include optional campus-based seminars and discussion groups. Students may receive their degree in 16-22 months depending on whether they are enrolled part or full time.
Common MBA in Entrepreneurship Courses
MBA students are not required to complete general education coursework. All course topics are directly related to business and entrepreneurship.
Business Planning and Management
Students examine the different techniques used to manage new and existing projects. Financial analysis, product benchmarking, organizational goals and time management are discussed.
Leadership in Business
Various leadership and team management models are discussed. Students learn how to motivate employees, critique team performance and drive product development.
Innovation and creativity are important components of a new business. In this course, students explore how to manage product development teams, analyze business opportunities and implement effective marketing plans.
Graduates of an MBA in entrepreneurship program have multiple career options across industries, including chief executive officer (CEO), financial manager and small business owner. As of October 2016, CEOs earned an annual salary between $75,525 and $437,467, while financial managers made between $37,400 and $117,504, as reported by PayScale.com. The same source indicated that small business owners earned an annual salary between $29,065 and $177,251.
According to the U.S. Bureau of Labor Statistics, there is a 1% decrease in job growth expected from 2014-2024 for CEO positions (www.bls.gov). Financial management jobs, however, are projected to grow by 7% during the same period.
There are many online programs available to pursue a Master of Business Administration (MBA) degree in entrepreneurship and entrepreneurial studies. Many of these programs are offered by for-profit institutions and include studies of business subjects such as planning, management, leadership and innovation.