The best online Master's in Entrepreneurship degrees put a spin on the traditional MBA degree, focusing on creating innovative leaders.
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.
Recommended Online Programs
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.).
Ranking
See our rankings methodology page.
