Getting an MBA in Entrepreneurship Online

Entrepreneurs are a unique part of the economy. Many corporations and small businesses were started by an entrepreneur with a dream and a vision.

An entrepreneurship MBA online program teaches skills to help those who are interested in starting their own business or growing their existing business. Graduates leave better prepared to create their own business, help a growing business like a startup succeed, or apply what they’ve learned to new products and services in a corporation.

Entrepreneurship is one of many possible concentrations students may focus on in an MBA program. Some people choose to study an entrepreneurship MBA online but don’t plan on starting their own business since the program teaches valuable business skills that can be applied to a variety of roles.

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Syracuse University’s Online MBA

  • Top-ranked online MBA1
  • No GMAT Required
  • As few as 24 months to complete
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UNC Kenan-Flagler Business School- Online MBA

  • #1-ranked online MBA2
  • GMAT waivers available for experienced professionals
  • As few as 18 months to complete
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University of California, Davis- Online MBA

  • On-campus MBA ranked among the top 50 MBA programs by U.S. News & World Report since 1996
  • Students can complete the program in as few as 24 months
  • The Graduate School of Management at UC Davis is AACSB accredited
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Rice Business- Online MBA

  • Ranked No. 1 in the nation for graduate entrepreneurship education by the Princeton Review
  • Residential Intensive Learning Experiences (ILEs) hosted on campus
  • Faculty remain active in research and publish insights in Rice Business Wisdom, an online business periodical
Discover the online MBA program from Rice Business

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Can You Earn an Entrepreneurship MBA Online?

A Master of Business Administration with a concentration in entrepreneurship covers areas like new product/service development, marketing, venture capital, leadership and corporate innovation. There are several entrepreneurship MBA online programs that enable students to study at the school they want without having to relocate. 

All MBA programs, even those without an entrepreneurship specialization, may teach students valuable skills that may apply to running a business. The typical MBA curriculum covers finance, marketing, digital innovation and leadership, all of which apply to entrepreneurs and business owners.

What Does an Online Entrepreneurship MBA Cover?

In an MBA program with an entrepreneurship concentration, students learn how to create a startup business, family business or nonprofit. They also learn skills to contribute to an entrepreneurial team and apply an entrepreneurial mindset to any organization. 

MBA entrepreneurship online programs cover skills like:

  • How to identify business needs and generate creative solutions.
  • How to create a competitive analysis.
  • How to write a business plan.
  • How to get funding for a business.
  • How to manage a rapidly growing business.
  • How to acquire a new business.
  • How to create sustainable businesses and use social entrepreneurship best practices.
  • How to lead and inspire employees.
  • How to develop and launch new business models in established companies.

The core courses of an MBA program will also teach students skills like branding and corporate strategy, business analytics, marketing management and project leadership.

MBA Concentration in Entrepreneurship Curriculum

MBA programs that offer a specialization in entrepreneurship have in-depth courses related to building a business or nonprofit organization. Typical courses might include:

  • Corporate Entrepreneurship: A corporate-focused course like this teaches how to develop and launch products and services in corporations and how to apply entrepreneurship to corporate settings.
  • Foundations of Entrepreneurship: In an introductory course like this, students learn the entrepreneurial process, including how to identify and evaluate ideas and what’s needed to launch a successful business.
  • Managing New Product Development: This course teaches students how to use proper tools and techniques to plan a new product development project.
  • Entrepreneurial Finance: In this course, students learn how to evaluate entrepreneurial ventures and what types of funding to consider, including venture capital, crowdfunding, loan investments and angel investing.

Some MBA programs allow students to build their own course schedule and choose the entrepreneurship-focused courses they’ll get the most value from. 

Master of Entrepreneurship vs. MBA in Entrepreneurship: What’s the Difference?

In addition to an MBA in entrepreneurship, there are also master’s in entrepreneurship degree programs. Typically this type of degree is a Master of Science in Entrepreneurship focused on the skills entrepreneurs need to launch their own businesses. All courses are entrepreneur-focused and cover topics such as finance, marketing, idea viability and strategy.

An MBA in entrepreneurship teaches broad business principles in addition to entrepreneurship classes. MBA graduates learn how to apply entrepreneurial best practices to business settings, whether they’re the owner of the business or not.

Do I Need an Entrepreneurship MBA to Start My Own Business?

According to the Small Business Administration (SBA), there are 30.2 million small businesses that make up 99.9% of American businesses (PDF, 832 KB), but not every small business owner will have an entrepreneurship MBA. An entrepreneurial mindset can benefit those in a variety of roles, not just business owners. 

By studying an MBA in entrepreneurship online, graduates hone skills like:

  • Creativity, exceeding expectations and always looking for a better way to do things and innovate
  • Ownership, responsibility and leadership
  • Business growth strategies

These skills can help someone working in the corporate or nonprofit worlds bring valuable ideas and approaches to their organizations. The knowledge graduates learn in an MBA in entrepreneurship program can help them advance their business careers.

Although many people aspire to own a business, only two-thirds of businesses with employees last at least two years (PDF, 238 KB) and only half survive at least five years, the SBA reports. Aspiring entrepreneurs might consider an MBA in entrepreneurship program so they’re prepared for all the work required to launch a successful venture.

What is the Average MBA in Entrepreneurship Salary?

The average MBA in entrepreneurship salary will depend on a variety of factors, including the role, company budget and business success. The median annual wage for business and financial occupations was $69,820 in 2019, the Bureau of Labor Statistics (BLS) reports. That’s much higher than the median annual wage for all occupations, which was $39,810 in 2019. Those with a master’s degree earned median usual weekly earnings of $249 more than those with a bachelor’s degree in 2019.

For those who choose to use their MBA in entrepreneurship to advance a career or find a new role, here are the 2019 median annual salaries for various business roles:

Whether you want to start your own successful venture or apply your entrepreneurship skills to your current career path to move up, an MBA could lead to increased job opportunities and higher earning potential.

Explore Accredited MBA in Entrepreneurship Online Programs

Online MBA in entrepreneurship programs give people around the world the ability to study, advance their skills and expand their knowledge from wherever they are. It’s convenient to take an online MBA program. Students can apply what they’ve learned to a new venture or to a current career path.

Sponsored

Syracuse University’s Online MBA

  • Top-ranked online MBA1
  • No GMAT Required
  • As few as 24 months to complete
Discover Syracuse University’s Online MBA

UNC Kenan-Flagler Business School- Online MBA

  • #1-ranked online MBA2
  • GMAT waivers available for experienced professionals
  • As few as 18 months to complete
Discover UNC Kenan-Flagler's Online MBA

University of California, Davis- Online MBA

  • On-campus MBA ranked among the top 50 MBA programs by U.S. News & World Report since 1996
  • Students can complete the program in as few as 24 months
  • The Graduate School of Management at UC Davis is AACSB accredited
Discover UC Davis' Online MBA

Rice Business- Online MBA

  • Ranked No. 1 in the nation for graduate entrepreneurship education by the Princeton Review
  • Residential Intensive Learning Experiences (ILEs) hosted on campus
  • Faculty remain active in research and publish insights in Rice Business Wisdom, an online business periodical
Discover the online MBA program from Rice Business

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Last Updated July 2020