MBA in Entrepreneurship is a two-year full-time postgraduate program that deals with equipping graduates to start their own business, write a real-world business plan, and run a business internationally. The 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.
|Full Form||Master of Business Administration in Entrepreneurship|
|Duration||Course Duration of Master of Business Administration [MBA] (Entrepreneurship) is 2 Years.|
|Age||No age restriction|
|Minimum Percentage||50% in graduation level|
|Average Fees Incurred||INR 5 -15 Lakhs|
|Average Salary Offered||3 - 5 LPA (Source: Payscale)|
|Employment Roles||Business Owners, Business Consultants, Business Developers, Startup Founders, Business Reporters, Fundraisers, etc|
According to Oxford Languages, 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 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 sector has a diverse job scope.
Some of the tools and technologies used by entrepreneurs to sustain in the corporate world as listed below:
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MBA in Entrepreneurship graduate needs to analyze data and should be adaptable to different kinds of work environments. Many colleges carry out their respective entrance exams for admissions. An undergraduate degree is the first step to obtaining an MBA Entrepreneurship degree. A student with a recognized minimum three-year bachelor's degree with at least 50 per cent marks in total may apply for the course.
Reputed institutions rely on the admission process 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. 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 admission process in general:
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.
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.
In MBA entrance exams are conducted at the state level and national level. Following are the entrance exams conducted at the national and university level:
Aspirants need to apply for the entrance exam to get admission in desired entrance exams.
The best MBA Entrepreneurship colleges, according to NIRF, are listed below.
|9||Xavier Labour Relations Institute|
|18||SP Jain Institute of Management and Research|
|41||Amity Business School Noida|
|45||MIT School of Management|
|63||Bharati Vidyapeeth Institute of Management and Entrepreneurship Development|
Average fee range of MBA in Entrepreneurship ranges from INR 5 - 15 Lakhs. The fees may vary according to the institutions.
|Indian Institute of Management, Bangalore||INR 23 Lakhs|
|Xavier Labour Relations Institute (XLRI)||INR 19 Lakhs|
|S. P. Jain Institute of Management and Research||INR 13 Lakhs|
|Symbiosis Institute of Business Management, Pune||INR 5 Lakhs|
The MBA 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:
Read More about MBA Entrepreneurship Syllabus and Subjects
Let's get to know more about" why choose MBA in Entrepreneurship?" with three simpler questions.
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, 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.
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.
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.
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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.
MBA Entrepreneurship opens up a range of career opportunities to 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.
The course is also available in distance learning mode, opens doors to lucrative careers in areas such as marketing, sales, advertising. Average salary of MBA Entrepreneurship graduates is INR 3 - 5 LPA.
Read More about MBA in Entrepreneurship Salary
After completing an MBA in the Entrepreneurship in India, many job opportunities are available from several fields. MBA 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:
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: