Nowadays people don’t want to wait to make change happen, but want to create solutions to problems they are passionate about themselves.
A degree in entrepreneurship is ideal for those who wish to be self-initiators in a busy world of startups and small businesses. This degree, although not absolutely a prerequisite to starting one’s own business, sets the foundation for assessing various business risks and incorporating new technology into one’s business strategy.
What kind of Entrepreneurial degree should you get?
The major question people have is: Should I get an MBA or a degree in Entrepreneurship? According to an article by the Harvard Business Review, the main difference between a traditional MBA and a degree in Entrepreneurship is the emphasis on reasoning; MBA programs tend to focus on “causal” reasoning based on logic with a specific goal while Entrepreneurial programs focus on “effective” reasoning that focuses on a variety of end goals. Students should reflect on which reasoning style they resonate more with or which area they would like to grow in before choosing a degree.
In addition, an online degree is ideal for already working professionals or non-traditional students trying to get ahead in their career but who do not have time to physically come to campus during traditional school hours. College Choice lists the 50 Best Online MBA Degrees for 2018 and the 50 Best U.S. Colleges for Aspiring Entrepreneurs.
How much money do people make with a Master’s in Entrepreneurship?
The median hourly wage in the U.S. for an experienced entrepreneur is $82.50, while the median salary is $171,610 according to the U.S. Department of Labor Bureau of Labor Statistics. Junior entrepreneurs earn a median hourly wage of $53.18 or $110,610 a year, and starting entrepreneurs earn a median hour wage of $36.07 or $75,030 a year. According to Indeed, the overall average Entrepreneur salary in the U.S. is about $67,516. Although many small business owners may struggle within the first few years compared with managers in already well-established, big companies, the outlook and growth for salary is high.
What can you do with a degree in Entrepreneurship?
Other than starting your own business, those that get a degree in Entrepreneurship can become various managers (sales, marketing, etc.), financial analysts, business consultant, research and developers, etc. Overall, Entrepreneurship degrees teach people how to seize or create new opportunities for themselves.
What are the requirements for a Master’s degree in Entrepreneurship?
There are no specific requirements or national tests that one must complete in order to graduate with a degree in Entrepreneurship. Some sample courses include: competitive strategy, technology innovation, leadership, entrepreneurship theory, finances, etc.
What are the best online Master’s in Entrepreneurship degrees?
College Choice has compiled a list of the best online Masters in Entrepreneurship using data from U.S. News & World Report, the National Center for Education Statistics’ IPEDS database, and individual colleges’ websites. Colleges were ranked on a variety of factors such as institutional excellence and student success (ie. graduation rate, predicted salary, institutional reputation, etc.).
Ball State University
College Choice Score: 100.00
Tuition per Credit Hour: $590
Ball State University’s master’s in entrepreneurship online comes in the form of a concentration in the MBA program. The program boasts accreditation from the Association to Advance Collegiate Schools of Business, and students with families or work obligations can design a classwork schedule that meets their needs. Distance learners can work on either a part-time or a full-time basis. Students may begin the program in the fall, spring, or summer semester. Those without previous business education need to complete 51 credits in foundational business classes prior to program entrance. Classes in the entrepreneurship concentration include entrepreneurial innovation and the discovery of opportunity and entrepreneurial planning and feasibility.
College Choice Score: 88.18
Tuition per Credit Hour: $1,330
Earning a master’s in entrepreneurship online at Indiana University requires that students complete coursework that covers topics such as managing accounting information for decision-making, corporate entrepreneurship and innovation, strategic entrepreneurship, and thinking strategically: game theory and business strategy. Students typically complete the 30-credit degree in 15 to 36 months, and graduates of the program know how to shape workplace culture and find worthwhile opportunities. The program does include residency requirements: the silicon valley venture challenge and the venture evolution and ecosystems residency. These courses bring entrepreneurs together to provide networking opportunities with investors and other like-minded people.
Oklahoma State University
College Choice Score: 82.00
Tuition per Credit Hour: $1,044
Oklahoma State University’s master’s in entrepreneurship online requires the completion of 33 total credit hours, 12 hours in business foundations, 6 hours in electives, and 15 hours in the entrepreneurial core. Example classes in the entrepreneurial core include entrepreneurship and venture management, imagination in entrepreneurship, preparing effective business plans, and entrepreneurial marketing. Admission to the program requires a bachelor’s degree with at least a 2.75 GPA, GMAT scores, and a filled-out application form. Incoming students may transfer in some equivalency credit, but they must complete at least 27 total credit hours in the program.
University of Arizona
College Choice Score: 80.39
Tuition per Credit Hour: $1,000
To receive a master’s in entrepreneurship from the University of Arizona is to earn the experience and knowledge needed to succeed in today’s thriving economy. To complete the degree, students must finish all 30 credits, 12 of which focus on the business and management core, and 18 of which focus on developments in both engineering and material science. Those interested in the program must possess a bachelor’s degree. The value of working through a graduate degree online cannot be overstated. Students can schedule courses around their family and career obligations while they garner addition credentials and experience.
Clarion University of Pennsylvania
College Choice Score: 78.88
Tuition per Credit Hour: $325
Clarion University of Pennsylvania offers its MBA with a concentration in entrepreneurship to students interested in learning more about how to start a business. This master’s in entrepreneurship online offers coursework in innovation and entrepreneurship, special problems: entrepreneurial practicum, and entrepreneurial enterprise sustainability. Students leave the program ready to determine whether a business will be profitable. They also know how to address ethical issues in business contexts, write and speak clearly and succinctly, and provide strategic guidance to a business’ operations. The school boasts accreditation from multiple agencies, including AACSB International — Association to Advance Collegiate Schools of Business.
Fayetteville State University
College Choice Score: 78.40
Tuition per Credit Hour: $402.50
The master’s in entrepreneurship online at Fayetteville State University comes in the form of a concentration in the school’s MBA. The program covers business and entrepreneurial topics such as principles of business statistics, new ventures and entrepreneurship, special topics in business, and electronic commerce. In order to graduate, students also need to complete a capstone project. The online program provides students with the freedom to choose when and where they take their classes. For admission, students must hold at least a 2.75 GPA for their undergraduate coursework. They also need to submit GMAT or GRE scores.
University of North Dakota
College Choice Score: 78.25
Tuition per Credit Hour: $860
The University of North Dakota offers a master’s in entrepreneurship online through the selection of a concentration in social entrepreneurship in its MBA program. The concentration focuses on the application of an entrepreneurial spirit to help solve social problems. Students take courses that cover a variety of subjects, such as a seminar in social entrepreneurship, creation and management of social enterprises, and political advocacy and social entrepreneurship. In order to apply, students need to fill out the online application and provide letters of recommendations transcripts from previously attended schools, test scores (including English proficiency scores), and a statement of goals.
West Chester University of Pennsylvania
College Choice Score: 77.88
Tuition per Credit Hour: $542.30
A master’s in entrepreneurship online from West Chester University enables graduates to gain an education that prepares them to start their own businesses. Students study a variety of subjects in classes such as global operations and supply chain management, law and ethics in the business environment, entrepreneurship and new venture creation, and innovation and marketing strategy. To earn admission, students must be in possession of a bachelor’s degree, submit GMAT scores with a score of at least a 460, possess at least two year of work experience related to business, and possess knowledge of concepts related to business and entrepreneurship.
University of Texas—Dallas
College Choice Score: 76.44
Tuition per Credit Hour: $1,403
The University of Texas Dallas offers a master’s in entrepreneurship online to students from a variety of different backgrounds. The program requires absolutely no campus visits, meaning students can schedule their education in accordance with their needs. Additionally, students enjoy the support of staff at the MBA Program OffIce and the Jindal School Career Management Center. Students must include GRE or GMAT scores in order to gain admission. The program offers 15 different concentrations, of which one is in entrepreneurship. Courses in the program include information technology for management, strategic management, operations management, business economics, and financial management.
Florida Institute of Technology
College Choice Score: 75.27
Tuition per Credit Hour: $777
To get a master’s in entrepreneurship online from Florida Institute of Technology, students need to select the entrepreneur emphasis of the online MBA. Students who serve as active-duty personnel in the military may receive as much as $250 per credit in tuition assistance. Admission to the MBA program requires the possession of a cumulative 3.0 GPA from all previously attended undergraduate institutions. Students need to complete at least some prerequisites prior to program entrance; for example, they must complete essentials of business development. They also need to complete both core courses and electives in classes such as managerial economics, financial management, and organizational behavior.
Western Carolina University
College Choice Score: 73.87
Tuition per Credit Hour: $840.69
Western Carolina University’s master’s in entrepreneurship online requires the completion of at least 30 credit hours. Faculty in the program hold some of the highest degrees in the field and can boast experience in entrepreneurship themselves. The program offers students classes such as management skills for project teams, entrepreneurial planning, entrepreneurial feasibility analysis, and project planning and estimating. Veterans and members of the U.S. Armed Forces might qualify for a refund of the application fee on the condition that they provide evidence of their military standing. All students must fill out the online application in order to be considered for admission.
College Choice Score: 73.78
Tuition per Credit Hour: $1,255
The online master’s in innovation and entrepreneurship at Drexel University expects that students will complete elective courses in classes such as dynamics of the family firm and clean venture lab, as well as core classes in measuring and maximizing financial performance, innovation in established companies, and building internal and external relationships. To apply, students need to submit a personal statement outlining why they want to enter Drexel’s program, what their long term and short-term plans are, and how their work experience and educational background will help them complete the program in a timely and qualitative manner.
College Choice Score: 73.23
Tuition per Credit Hour: $665
Students in the master’s in entrepreneurship online at Walsh University need to complete six core courses, four speciality courses, and one elective course. Courses in the specialty include global business conditions, entrepreneurship and innovation, managerial accounting, and social media marketing. To graduate students also need to complete a capstone course in which they combine all of the things that they have learned into a single project. In total, students will complete 36 hours of coursework. The school prides itself on providing a Catholic education to its students, and those in the MBA are no exception. The sustainable ethical leadership course, for example, servers as a representative class steeped in Catholic theology.
College Choice Score: 71.55
Tuition per Credit Hour: $545
Bellevue University’s master’s in entrepreneurship online caters to students interested in completing their education in a convenient way. Students unwilling to give up time with their families or unable to take off time from work can choose the program at Bellevue. Students in the program must complete courses in the core and in the concentration. Core classes include human capital and organizational performance, accounting for performance management, and business performance management. Courses in the entrepreneurship concentration include creativity, sustainability, and innovation and family business and self employment. To apply, students must boast at least a 2.5 GPA from their undergraduate education.
Texas A&M University—Commerce
College Choice Score: 70.75
Tuition per Credit Hour: $980.35
The entrepreneurship minor in the MBA at Texas A&M University Commerce serves as the masters in entrepreneurship online offered by the school. Courses in the minor include new venture management, advanced entrepreneurial finance and venture capital, internet marketing, and the entrepreneur. The general core classes require the completion of six credit electives, and students must have already completed or complete several prerequisite courses prior to beginning the program. Earning the degree online affords those interested in advancing their careers or starting a business the education they need without having to neglect their family or current job.
College Choice Score: 68.92
Tuition per Credit Hour: $650
Regent University’s 42-credit master’s in entrepreneurship online offers eight start times each year and helps individuals develop a sense of how to both recognize viable opportunities and monetize creative ideas. The program offers coursework in topics such as entrepreneurial government contracting strategies; corporate and personal ethics; investment, financing, and funding relationships; and operations and supply chain management. The admissions office considers candidates based on their leadership qualities and experience, their communication skills in writing, the clarity of their vision, and past academic success. Incoming students must hold at least a bachelor’s degree and submit their college transcripts.
Southern New Hampshire University
College Choice Score: 68.39
Tuition per Credit Hour: $627
Prospective students do not need to submit their GMAT or GRE scores to gain admission to the master’s in entrepreneurship online at Southern New Hampshire University. The school boasts accreditation from the New England Association of Schools and Colleges, and the MBA program boasts accreditation from the Accreditation Council for Business Schools and Programs. The program administers a variety of courses in the core, including business environment, innovations, and entrepreneurship; ethics, corporate culture, and social responsibility; government impact on business, and leading in an orgationation. In order to graduate, distance learners must complete a capstone project that synthesizes all that they have learned.
College Choice Score: 68.36
Tuition per Credit Hour: $789
Samford University’s master’s in entrepreneurship online offers courses designed to develop student’s analytical thinking, their sense of corporate responsibility, their communication and teamwork skills, and their decision-making capacity in a complex business environment. To complete the program, students must take between 36 and 45 credits, depending on an incoming student’s prerequisites. Those opting to complete the entrepreneurship concentration need to complete between 39 and 45. To take a concentration, students must have earned a 3.0 GPA. For admission, students need to fill out the application and possess at least a 480 score one the GMAT (or equivalent score on the GRE).
Concordia University Wisconsin
College Choice Score: 68.07
Tuition per Credit Hour: $682
The master’s in entrepreneurship online at Concordia University Wisconsin offers students a Christ-centered education focused on developing the skills needed to begin a career in venture capital. Incoming students do not need GRE or GMAT scores in order to apply. Prior to graduating, those in the program must complete a capstone project that combines everything they learn into a single course. Distance learners in the program enjoy the flexibility of the online program, as it ensures that they receive the knowledge and skills needed to succeed while attending their preferred school — without needing to sacrifice quality time with their families or upending their life and moving to a new location.
College Choice Score: 67.37
Tuition per Credit Hour: $1,513
Northwestern University offers a master’s in entrepreneurship online to part time students over the course of 18 months. Core requirements in the program include corporate entrepreneurship through global growth, acquisitions, and alliances; how executives shape and lead innovation and enterprise growth, financing innovation and growth, and planning and budgeting for innovation. To apply, students need to provide two letters of recommendation from either academic or professional sources, a personal statement, academic transcripts from all previously attended schools, and an up to date resume. Students who do not speak English as their first language should also include TOEFL, PTE, or IELTS scores.