MBA (Entrepreneurship)is an emerging field of management particularly devised for aspiring entrepreneurs and start-up founders. Today, many B-schools across the world offer MBA Entrepreneurship programs in fulltime or online mode. In this article, we will discuss different aspects of MBA (Entrepreneurship).
MBA in Entrepreneurship
Entrepreneurship is the art of creating own business and undertaking all associated risks.In the world of growing entrepreneurship, it is essential to develop the necessary skills before starting a new venture. As per worldwide surveys, more than 70% of start-ups fail due to lack of requisite skillsetsamong the founders. To fulfil the gap, several B-schools have come up witha specialized MBA (Entrepreneurship) programme. These courses often incorporate venture capital competitions to assist the aspirants in shaping and reshaping their business ideas and, thus preparing them for the global market.
MBA Entrepreneurship: Eligibility Criteria
The eligibility conditions for MBA Entrepreneurship can be broadly listed as follows:
- Candidate needs to have a graduate degree or equivalent from a recognized university. Some B-schools also place the criteria of minimum 45% or 50% score in graduation.
- Candidates with work experience are generally preferred. Some of the B-schools may also have the mandatory requirement of minimum 2-3 years of work experience for admission to MBA Entrepreneurship.
MBA Entrepreneurship: Admission Procedure
In the first stage, B-schools select the candidates based on their scores in tests like CAT, XAT, GMAT, etc. or conduct their own entrance test. Some institutes shortlist the candidates based on their profile only. The final stage consists of group discussion and interviews.
Top 10 MBA (Entrepreneurship) Colleges in the World
- Stanford Graduate School of Business, Stanford University
- Saïd Business School, University of Oxford
- Harvard Business School, Harvard University
- Cambridge Judge Business School, University of Cambridge
- Imperial College Business School, London
- Wharton School, University of Pennsylvania
- MIT Sloan School of Management, Massachusetts Institute of Technology
- London Business School
- Booth School of Business, University of Chicago
- Columbia Business School, Columbia University
Top 10 MBA (Entrepreneurship) Colleges in India
- Symbiosis Institute of Business Management (SIBM), Pune
- NarseeMonjee Institute of Management Studies (NMIMS), Mumbai
- S. P. Jain Institute of Management and Research (SPJIMR), Mumbai
- S P Jain School of Global Management, Mumbai
- Indian Institute of Management (IIM), Bangalore
- Institute of Management, Nirma University
- Prin. L. N. Welingkar Institute of Management Development & Research
- Symbiosis Institute of Business Management (SIBM), Bengaluru
- Jain University, Bengaluru
- Woxsen School of Business, Hyderabad
Additionally, ISB (Indian School of Business), the leading business school in India, incorporates a unique course called Technology Entrepreneurship Programme (TEP). This course is designed to inculcate business skills in engineering students.
Scope of MBA Entrepreneurship
MBA Entrepreneurship prepares young entrepreneurs to handle all aspects of a business. While most students go into their own business after the course, yet some of themprefer to get placed with a famous company. Top recruiters from all sectors offer packages to aspirants based on their work experience. In India, the freshers are generally offered an average salary of Rs. 5 lpa and the highest salary can goes upto Rs. 9 lpa.Some of the top recruiters for MBA Entrepreneurship coursesinclude companies such as Wipro, TCS, Hindustan Unilever Ltd., etc.