The Entrepreneurship MBA vs. Master’s Degree

Entrepreneurship MBA vs. Msater's Degree

Entrepreneurial skills are in high demand in today’s fast-paced, global economy for businesses that wish to stay competitive. Innovative thinking and managerial abilities are key components in industry. If you have the drive and the smarts to get ahead and dream of starting your own business one day, then an advanced degree in entrepreneurship might be an option for you!

There are two paths you could take to get there: A Master of Science (MS) or a Master of Business Administration (MBA). Both work towards providing students with the skills necessary for rewarding careers in exciting business environments, such as preparing them to manage a business, as well as gain the confidence and ability to start their own.

Requirements to enter into graduate programs vary across schools, so be sure to check the ones you are interested in. Generally, an entrepreneurship MBA takes approximately 45 credit hours to complete, with evening classes and even online classes available for those with an already busy schedule.

Courses will often cover basic business administration skills such as accounting, economics, statistics, and business strategy before moving into classes covering entrepreneurship. Classes such as venture capital, building human assets in entrepreneurial ventures, strategies and practices of family businesses, and formation and implementation of entrepreneurial ventures might be covered. Independent study and hands-on experience in a business environment are generally included as required credit hours as well.

The MS in entrepreneurship is a shorter, more targeted program, and therefore, takes a shorter amount of credit hours (typically 36). The curriculum of many programs use business case studies to develop entrepreneurial aptitude. Courses are often research-intensive and instruct students in the practical aspects of business operation, including legal and financial.

Graduates of either entrepreneurship degree (MBA or MS) can find careers as a project manager, financial manager, management consultant, business manager, venture capitalist, and team leader, as well as head of their own start-ups. The potential for growth is strong, and an advanced degree could make you more marketable to potential employers, as well as potentially allow you to command a higher salary. Salaries will vary across businesses, but trained managers are well sought after. CEOs today want managers that are aggressive in their thinking and creative in their innovations.

An MBA or MS in entrepreneurship is a great way to achieve an essential foundation in business management. The entrepreneurship MBA is designed to try to help students discover a wide range of effective skills that can help them with their own business as well as in a management position. Whether you are looking to start up your own business or you plan to enter into an established business with your eye on promotion, both of these advanced degrees aim to equip you with the knowledge and skills you need to succeed in this area.

Choosing which one is a matter of your personal financial situation, your time availability, and the specifics of either program in a particular school. So, what are you waiting for? Get started on an entrepreneurship MBA or MS today. Select a school right now!