MBA in Entrepreneurship: Course Details, Eligibility, Admission, Fees
Duration
2 Years
Average Fees
INR 5 -15 Lakhs
Updated on Jan 4, 2023 by Roumik Roy
Updated on Jan 4, 2023 by Roumik Roy
MBA in Entrepreneurship is a two year postgraduate program that deals with equipping individuals to start their own business, write a real-world business plan, and run a business internationally. MBA in Entrepreneurship’s main aim is to cover many facets of business management and teach students how to turn concepts into profitable companies. The job opportunities for the course are pretty good with job roles such as marketing manager, financial manager, human resource manager, etc.
MBA in Entrepreneurship Course Details
| Degree | Masters |
| Full Form | Master of Business Administration in Entrepreneurship |
| Duration | 2 Years |
| Age | No age restriction |
| Minimum Percentage | 50% in graduation level |
| Average Fees | INR 5 -15 Lakhs |
| Average Salary | 3 - 5 LPA (Source: Payscale) |
| Employment Roles | Business Owners, Business Consultants, Business Developers, Startup Founders, Business Reporters, Fundraisers, etc |
About MBA in Entrepreneurship
Entrepreneurship refers to the idea of creating and operating a business enterprise to make a profit by taking many chances in the corporate world. MBA in Entrepreneurship is a postgraduate program that would prepare students to become successful independent entrepreneurs. MBA in Entrepreneurship subjects include business management and teach students how to turn concepts into profitable companies.
The Entrepreneurship major equips students with analytical resources, insights, and experiences that train graduates as self-employed entrepreneurs, family-business entrepreneurs, or corporate entrepreneurs. This course falls under the umbrella of the MBA course. This sector has a diverse job scope in MBA in Entrepreneurship course.
Table of Contents
- Eligibility Criteria for MBA in Entrepreneurship
- Who Should Pursue MBA in Entrepreneurship Course?
- How To Get Admission for MBA in Entrepreneurship?
- Popular Entrance Exams for MBA in Entrepreneurship
- Top MBA in Entrepreneurship Colleges in India as per NIRF Ranking
- MBA in Entrepreneurship in IIM
- Study MBA in Entrepreneurship Abroad
- Fees Structure for MBA in Entrepreneurship
- Syllabus and Subjects for MBA in Entrepreneurship
- Why Choose MBA in Entrepreneurship Course?
- Preparation Tips for MBA in Entrepreneurship
- Scope For Higher Education for MBA in Entrepreneurship
- Salary of MBA in Entrepreneurship Graduates
- Career Options After MBA in Entrepreneurship
- Skills To Excel
Eligibility Criteria for MBA in Entrepreneurship
For admissions into this course, the MBA in Entrepreneurship eligibility criteria requires that they must complete a three-year bachelor's degree with at least 50% aggregate marks in total. Many colleges carry out their respective entrance exams for admissions. Students age must be minimum of 21 years old to apply for the course.
Who Should Pursue MBA in Entrepreneurship Course?
If you choose to persue MBA specialization in Entrepreneurship, you can get management positions in a wide array of fields such as Business operations, Financial management, Information security, Accounting and auditing, and Human resources.
When To Do MBA in Entrepreneurship Course?
A graduate from any discipline can pursue an MBA in Entrepreneurship who has scored a minimum of 50% marks in graduation.
How To Get Admission for MBA in Entrepreneurship?
As part of the MBA in Entrepreneurship Admission, reputed institutions rely on the admissions based on merit. The admission process is based on scores of entrance exams or through management quota, which changes according to the institutions. The institutions conduct interviews and group discussions after the selection process.
Admission into the MBA in Entrepreneurship is very similar to that of any other course that falls under MBA. The eligibility requirements for admission differ based on the institution's course and must be met by the applicant. Listed below are step by step by step for the admission process in general:
Apply For the Course
The aspirants can either apply online or offline. Applicants are expected to apply to the colleges or universities in which they are interested. They must also register for the entrance examination in which they are involved. To be shortlisted for additional rounds of entry, one must score above the minimum qualifying percentile set by the respective college or university.
Selection Criteria
After the written examination, special group meetings and personal interview rounds are held to prepare the nominees' final merit list. Once all the assessments have been carried out, the colleges or universities shall announce the results and issue a merit list of finally chosen applicants based on a written examination, a group discussion and a personal interview. Following the admission process, the final allocation of seats.
Read More on MBA Admission
Popular Entrance Exams for MBA in Entrepreneurship
In MBA entrance exams are conducted at the state level and national levels. Following are the entrance exams conducted at the national and university level:
A Quick Glance at the MBA in Entrepreneurship Entrance Exams
Aspirants need to apply for the entrance exam to get admission to desired entrance exams.
- The exam patterns consist of sections including language comprehension, mathematics, data analysis, critical reasoning, and Indian and global environment.
- The time duration is approximately 120 to 180 minutes.
- The exam can be conducted online and offline.
- The syllabus and question pattern may change according to the university.
Top MBA in Entrepreneurship Colleges in India as per NIRF Ranking
The best MBA in Entrepreneurship colleges, according to NIRF, are listed below.
| NIRF Rank | Colleges | Average Fees (INR) |
|---|---|---|
| 2 | IIM Bangalore | 23 Lakhs |
| 9 | XLRI, Jamshedpur | 19 Lakhs |
| 18 | SPJIMR | 13 Lakhs |
| 22 | SIBM Pune | 5 Lakhs |
| 41 | Amity Business School Noida | 23 Lakhs |
| 45 | MIT School of Management | 19 Lakhs |
| 51 | Chandigarh University | 13 Lakhs |
| 75 | Chitkara University | 5 Lakhs |
Top MBA in Entrepreneurship Colleges in Bangalore
There are plenty of excellent MBA Entrepreneurship colleges in Bangalore. Given below is the list of some of the top colleges.
| SI No. | Colleges |
| 1. | IIM Bangalore |
| 2. | Christ University |
| 3. | Jain University |
| 4. | Bangalore University |
| 5. | PES University |
Top MBA in Entrepreneurship Colleges in Chennai
Pursuing MBA in Entrepreneurship in Chennai is a common choice for students to consider. This is owing to the student-friendly culture in the city and popular colleges. Given below is the list of some of the top colleges in Chennai.
| SI No. | Colleges |
| 1. | Anna University |
| 2. | Madras University |
| 3. | LIBA |
| 4. | M.O.P. Vaishnav College for Women |
| 5. | Madras School Of Economics |
Top MBA in Entrepreneurship Colleges in Delhi
MBA in Entrepreneurship in Delhi is a good option for students to opt for. This is due to the ample opportunities Delhi has to offer with respect to internships and jobs. Listed below is some of the top colleges in Delhi.
| SI No. | Colleges |
| 1. | Delhi School of Management |
| 2. | IMI |
| 3. | IIFT |
| 4. | Faculty of Management Studies |
Top MBA in Entrepreneurship Colleges in Pune
Given below are some of the top MBA in Entrepreneurship colleges in Pune.
| SI No. | Colleges |
| 1. | Gokhale Institute of Politics and Economics |
| 2. | SIU |
| 3. | UniPune |
| 4. | Bharati Vidyapeeth |
| 5. | MIT WPU |
Top MBA in Entrepreneurship Colleges in Mumbai
Listed below are some of the top MBA in Entrepreneurship in Mumbai.
| SI No. | Colleges |
| 1. | NMIMS |
| 2. | H.R. College of Commerce and Economics |
| 3. | JBIMS |
| 4. | SPJIMR |
| 5. | SIES Graduate School of Technology |
MBA in Entrepreneurship in IIM
Almost all of the IIMs provide MBA in Entrepreneurship. The top IIMs include IIM Bangalore, IIM Ahmedabad, and IIM Calcutta. Known for its faculty and excellent placements, pursuing MBA from IIM can yield students with a very rewarding career ahead. The average salary of a graduate from IIM Ahmedabad is INR 20 LPA.
Study MBA in Entrepreneurship Abroad
Students can consider studying MBA in Entrepreneurship abroad to get exposure to western education towards entrepreneurship and internships abroad.
Top MBA in Entrepreneurship Colleges in Canada
Listed below are some of the top MBA in Entrepreneurship in Canada.
| SI No. | Colleges |
| 1. | University of British Columbia |
| 2. | Toronto University |
| 3. | Western University |
| 4. | York University |
| 5. | University of Victoria |
Top MBA in Entrepreneurship Colleges in the USA
Listed below are some of the top MBA in Entrepreneurship USA.
| SI No. | Colleges |
| 1. | Boston University |
| 2. | New York University |
| 3. | University of Southern California |
| 4. | University of Texas, Austin |
| 5. | Stanford University |
Fees Structure for MBA in Entrepreneurship
The average MBA in Entrepreneurship fees ranges from INR 5 - 15 Lakhs. The fees may vary according to the institution.
| Colleges | Total Fees (INR) |
| IIM, Bangalore | 23 Lakhs |
| XLRI | 19 Lakhs |
| SPJIMR | 13 Lakhs |
| SIBM, Pune | 5 Lakhs |
Syllabus and Subjects for MBA in Entrepreneurship
The MBA in Entrepreneurship course is a two-year degree program. It consists of 2 semesters each year. The program includes a range of projects, quizzes, and presentations. In some universities, students are expected to take any associated internship while pursuing a course.
Following are some topics that are covered under this course:
- Financial Management
- Managerial Economics
- Human Resource Management
- Product Management
- Legal Aspects of Business
- Operations Research
- Business Communication
- Strategic Management and Business
- Commercial Leasing
- Business Ethics
Read More: MBA in Entrepreneurship Syllabus and Subjects
Why Choose MBA in Entrepreneurship Course?
Let's get to know more about" why choose MBA in Entrepreneurship?" with three simpler questions.
What is MBA in Entrepreneurship All About?
MBA in Entrepreneurship is a two-year postgraduate program that focuses on preparing students to become successful independent entrepreneurs. The course is ideal for students who want to start a business. The course is project-based and interactive, and it helps to establish long-term professional relationships with peers. Some of the subjects in the MBA in Entrepreneurship course include Financial Management, Operations Research, Management Informations Systems, and Management Process and Organisational Behaviour. The job scope for MBA in Entrepreneurship graduates is diverse as they’re hired in almost all fields and industries like marketing, sales, advertising, etc.
What Does an Entrepreneur Do?
Discover New Concepts: Entrepreneurship requires initiative and a deep desire to succeed. It also takes a great deal of confidence, tenacity and freedom. A business entrepreneur is someone who has a business world concept or product.
Innovate: It's usually a fresh or different concept, something that hasn't been done before, or something that offers a new twist or innovation for an existing industry. Entrepreneurs create, design, manufacture, market and ultimately sell companies with the ultimate financial benefit.
Reasons Why MBA in Entrepreneurship Can Fetch You a Rewarding Career
Listed below are reasons why MBA in Entrepreneurship course is best for aspirants with entrepreneurial dreams.
Demand: There is an increasing need for managers in today's business world to bring an organization from the ground up with little preparation. A master's degree will allow the person to reach that level of perfection.
Leadership: It would not only help to improve goals but would also train one to efficiently deploy the expertise it possesses in the areas of negotiation, workforce relations, supervision, marketing, decision-making, leadership and other business management skills.
Read More: MBA in Entrepreneurship Jobs and Scope
Preparation Tips for MBA in Entrepreneurship
Listed below are preparation tips from experts for pursuing MBA in Entrepreneurship in India:
Get Hold of the Syllabus: Make a list of topics-wise strengths and weaknesses and rigorously work on them. Understand the exam pattern and test structure of the examination you are preparing to make a time-bound exam preparation strategy.
Make a Month-Wise Preparation Plan: The aspirants can go through the syllabus for the examination they are preparing for and make a timetable or routine after going through the syllabus.
Be Creative: The aspirant also needs to polish his critical thinking and creative skills to develop innovative ideas.
Scope For Higher Education for MBA in Entrepreneurship
MBA in Entrepreneurship opens up a range of career opportunities for students. Students may opt to work in major international corporations and firms. They might even set up their businesses. Graduates can also pursue a PhD in Management after completion of this course.
Salary of MBA in Entrepreneurship Graduates
The course is also available in distance learning mode, which opens doors to lucrative careers in areas such as marketing, sales, and advertising. The average salary of MBA in Entrepreneurship graduates is INR 3 - 5 LPA.
Read More: MBA in Entrepreneurship Salary
Career Options After MBA in Entrepreneurship
After completing an MBA in Entrepreneurship in India, many job opportunities are available in several fields. MBA in Entrepreneurship graduates are employed in various sectors such as automobiles, advertising, livestock, banking, telecommunications, hospitality, fashion management, and more. Some MBA in Entrepreneurship job prospects are as follows:
- Department Manager
- Corporate Supervisor
- Business Consultant
- Sales Manager
- New Venture Developer
Skills That Make You the Best Entrepreneur
Entrepreneurship is the capacity of a person to turn ideas into motion. It requires imagination, ingenuity and risk-taking as well as the ability to do so. Plan and execute projects to accomplish goals. It is essential to promote creativity, competition and economic development. Encouraging an entrepreneurial spirit promotes the formation of new companies and the development of business. Here are some critical MBA in Entrepreneurship skills that employers look for while hiring:
- Confidence: Starting any company needs an entrepreneur to have the courage and confidence to take the first step. Yet trust needs to take on an even deeper meaning for entrepreneurs. Exuding quiet and robust confidence as an entrepreneur is an essential characteristic. It generates a sense of confidence and respect between employees and investors and is a deciding factor in negotiating and concluding deals successfully.
- Humility and Empathy: Entrepreneurs ought to deliberate effort to hold their feet on the ground with even the most promising achievements. Practising humility means being sensitive, self-aware, kind and empathetic.
- Open-Mindedness: Entrepreneurs can achieve higher levels of success by maintaining an open mind, being able to consider various points of view, and trying out new processes. Welcoming new ideas and insights will potentially enable company owners to find innovative solutions to challenges and to be open and open to more possibilities that will support them in the long run.
- Decisiveness: A successful entrepreneur and leader must be able to make a decision quickly and efficiently.
