MBA in Entrepreneurship
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2 Years
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Post Graduate
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Management
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Full Time
2 Years
Post Graduate
Management
Full Time
The full form of MBA in Entrepreneurship is Master of Business Administration in Entrepreneurship. MBA in Entrepreneurship is a two-year postgraduate program that deals with equipping individuals to start their own businesses, write a real-world business plan, and run a business internationally. 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.
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 in 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 course falls under the umbrella of the MBA course. This sector has a diverse job scope in MBA in Entrepreneurship courses.
The highlights of the MBA in Entrepreneurship course details:
| Particulars | Values |
| Degree Name | MBA Entrepreneurship Management |
| Degree Type | Postgraduate |
| Degree Duration | Two years |
| Eligibility Criteria | One must possess a bachelor’s degree in any relevant field from a recognized college or university with a minimum aggregate of 50%. |
| Admission process | Entrance Exam Based + Merit Based |
| Age | No age restriction |
| Entrance Exams | CAT, XAT, MAT, CMAT, GMAT, SNAP, NMAT |
| Exam Type | Semester based |
| Average Fees | INR 5 -15 Lakhs |
| Average Salary | 8-24 LPA |
| Job Profiles | Business Owners, Business Developers, Startup Founders, Business Reporters, Fundraisers, Assistant Managers, Business Consultants, Finance Controllers, Human Resource Managers, accountants, IT Managers, Product Managers, Marketing Managers, Sales executives, Logistics Managers, Entrepreneurs, etc. |
| Job Sectors | Automobile, Advertising, Agriculture, Banking, Small and medium enterprise management, Information technology, Hospitality, Fashion management, etc. |
| Top Recruiters | HSBC, HDkFC, ICICI, Genpact, E&Y, Morgan Stanley, Lehman Brothers, BCG, Barclays, TCS, Wipro, Amazon, Google, Flipkart, Infosys, P Morgan Chase and Co., WNS Global Services, Accenture, etc. |
An MBA degree provides students the opportunity to meet different people who are also associated with different businesses. This allows students to make new connections which will be beneficial to the student.
MBA in Entrepreneurship provides students with knowledge related to global strategies, mergers and acquisitions, entrepreneur strategies, venture capital, and private equity which help students understand the nitty-gritty of running a business.
An MBA Course provides a safe and enriching place to brainstorm ideas and understand what is lacking in the plan.
MBA in Entrepreneurship prepares students to run an organization, students learn everything they need to from the mock sessions.
MBA in entrepreneurship is available in different modes for different students. It is available full time which is the most popular mode of MBA in Entrepreneurship.
1. Full-Time MBA in Entrepreneurship
MBA in Entrepreneurship in full time is the most widely applied course when related to MBA in Entrepreneurship. It is a 2-year course that deals with subjects such as Management Process & Organization Behavior, Production & Operations Management, Research Methodology, Strategic Management & Business Policy, Business Communication, Statistics for Management, and Marketing Management.
2. Distance MBA in Entrepreneurship
MBA in Entrepreneurship is available in distance mode in India. Students must see the relevant Entrance Exams for the college that they student is targeting. After qualifying for the Entrance exams the college will contact the successful candidates.
3. Part-Time MBA in Entrepreneurship
Executive MBA in Entrepreneurship is a type of part-time MBA Course which is a 1-year course that focuses on mergers and acquisitions, entrepreneur strategies, venture capital, etc.
The MBA in Entrepreneurship course equips individuals with the necessary knowledge, skills, and networks required to become innovators and entrepreneurs. This MBA program builds in students, the capability to create business ideas, convert these ideas into service or product, and then design a commercial project to take the business idea to the market.
MBA in Entrepreneurship is a 2-year program spread across four semesters. One can pursue the MBA in Entrepreneurship course in full-time, part-time, online, and distance learning mode. The minimum eligibility criterion for this course is a bachelor’s degree in any discipline.
The eligibility criteria for MBA in entrepreneurship management degree programs is almost the same for every university. Candidates are required to meet all the eligibility criteria as specified in the admission process. Candidates who do not meet the eligibility criteria are exempted from taking part in the admission process. Candidates can check the complete eligibility criteria mentioned below:
Candidates must complete their bachelor's degree or be in their final year of a bachelor’s degree with any specialization with at least a 50 percent aggregate score.
Candidates must take the entrance exam (if specified by the university).
Some of the popular degree programs are BBA/ B.Sc./ B.Com/ Engineering/ B. Tech.
| Decisive and action-oriented | Self-discipline and Integrity | Business acumen |
| Problem- solving | Self-starter | Analytical skills |
| Leadership qualities | Innovative and enterprising | Knowledge of business and market |
| Ability to take risk | Pro-activeness | Managerial Skills |
| Strategic mindset | Communication skills | Observation skills |
| Interest in Business and Marketing | Strategic mindset | Decision-making skills |
| Critical thinking skills | Awareness of the market and products | - |
MBA in Entrepreneurship demands its aspirants to have the best knowledge of management. Other general required skills are:
Candidates are required to submit the application to the colleges or universities they are interested in.
Candidates must also register for the entrance exam they are interested in. Some of the most popular entrance exams conducted for offering admission into the course are CAT, XAT, NMAT, MAT, SNAP, and CMAT.
Usually, the admission process commences in the months of August and September. Online forms for almost every entrance exam are available by the end of October.
In order to get shortlisted for further rounds of admission, one must score above the minimum qualifying percentile set by the respective college or university.
After the written test, special group discussion and personal interview rounds are conducted for preparing the final merit list of shortlisted candidates.
Once all the tests are conducted, the colleges or universities declare the result and release a merit list of finally shortlisted candidates on the basis of the written test, group discussion, and personal interview.
Know that there are certain top institutes that consider certain other factors like 10th marks, 12th marks, graduation percentage, and job experience for providing admission to the course.
After the admission process, the final allotment of seats to the candidates takes place and the candidate is required to deposit the course fee and register for the respective academic year.
In MBA entrance exams are conducted at the state level and national levels. Following are the entrance exams conducted at the national and university level:
| ATMA | XAT |
| CAT | CMAT |
| NMAT | MAT |
The average MBA in Entrepreneurship fees ranges from INR 5 - 15 Lakhs. The fees may vary according to the institution.
| Name of Colleges | Total Fees (INR) |
| SIBM, Pune | 5 Lakhs |
| XLRI | 19 Lakhs |
| IIM, Bangalore | 23 Lakhs |
| SPJIMR | 13 Lakhs |
The soft skills developed during an MBA course include teamwork, networking, creativity, leadership skills, and flexibility in decision-making all of which will stand you in excellent stead for launching a startup. Having good interpersonal skills and working at ease with others is essential. In terms of hard skills, as you will take care of all features of the business in a small team, having a well-rounded skill set is vital. You will need to understand finance, strategy, analytics, marketing, and much more. More specifically, an MBA in Entrepreneurship will also assist you with some of the distinctive challenges entrepreneurs face when turning an idea into a flourishing business. You will look at things such as managing growth, how to secure finance, monetizing innovation, market research, and social impact.
| Name of Colleges | Course Fee(in INR) |
| Indian School of Business | INR 37.35lakh |
| SIBM Pune | INR 15.32 lakh |
| XLRI Jamshedpur | INR 25 lakh |
| Chandigarh University | INR 4.34 lakh |
| BM Munjal University | INR 11.55 lakh |
| Jamia Millia Islamia | INR 1.30 lakh |
| NMIMS University | INR 15-30 lakh |
| IMI Kolkata | INR 13.00 lakh |
| Institute of Management, Nirma University | INR 7.62 lakh |
| LM Thapar School of Management | INR 7.29 lakh |
| SPJIMR, Mumbai | INR 11.05lakh |
| Welingkar Institute of Management | INR 7.00 lakh |
| School of Business Management, NMIMS Mumbai | INR 9.06lakh |
| IIM Bangalore | INR 5.53lakh |
| Prin L.N Welingkar Institute Of Management Development & Research, Mumbai | INR 7lakh |
| Entrepreneurship Development Institute of India, Ahmedabad | INR 5.33lakh |
| Amity Business School Mumbai, Amity University Maharashtra | INR 7.44lakh |
| SP Jain School of Global Management | INR 9.61lakh |
The best MBA in Entrepreneurship colleges, according to NIRF, are listed below:
| Name of College |
Average Fees (INR) |
NIRF Rank |
| IIM Bangalore | 23 Lakhs | 2 |
| XLRI, Jamshedpur | 19 Lakhs | 9 |
| SPJIMR | 13 Lakhs | 18 |
| SIBM Pune | 5 Lakhs | 22 |
| Amity Business School, Noida | 23 Lakhs | 41 |
| MIT School of Management | 19 Lakhs | 45 |
| Chandigarh University | 13 Lakhs | 51 |
| Chitkara University | 5 Lakhs | 75 |
The following companies are the top recruiters of MBA in Entrepreneurship Management professionals
| TCS | Wipro | Amazon |
| Infosys | Flipkart | |
| Accenture | WNS Global Services | P Morgan Chase and Co. |
| HSBC | HDFC | ICICI |
| Genpact | Lehman Brothers | Morgan Stanley |
Apart from launching a business, one can also take up the following job profiles after completing the MBA in Entrepreneurship course.
| Job Role | Average Salary | Job Description |
| Business Consultants | INR 10 lakh per annum | They are responsible for offering a study of the existing practices of a company and making suggestions for developments, specializing in one area of business management, assisting in streamlining a business’ shipping department, developing a business’ employee training programs, etc. |
| New Venture Developers | INR 5 lakh per annum | They are responsible for building market position by developing, locating, closing, negotiating, and defining business relationships. |
| Fundraisers and Development Officers | INR 6 lakh per annum | They are responsible for working for voluntary and charitable organizations in areas of education, health, and economic development, to increase funding from donors. |
| Business Journalists | INR 5 lakh per annum | They are responsible for news coverage for different mediums of mass communication like newspapers, TV, web-portals. |
| Small Business Owners | INR 4.5 lakh per annum | These are the budding entrepreneurs. Their job is to successfully plan and execute their business idea. They hire people, arrange finance, predict profits, and make any required changes to the plan. They are also responsible for the overall growth of the business. |
| Sales Managers | INR 6 lakh per annum | A sales manager is responsible for advertising the products and suggesting effective measures for achieving sales targets. By doing so he eventually generates revenue for the company. |
Entrepreneurs are not only Businessmen, they are icons for the young and old alike. The names listed below are known around the world for their startling contribution to the development of India and its economy.
| Shiv Nadar | Azim Premji | Mukesh Ambani |
| Ardeshir | Godrej | Radhakishan Damani |
| Dilip Shanghvi | Jehangir Ratanji Dadabhoy Tata | Lakshmi Niwas Mittal |
| Ghanshyam Das Birla | Gautam Adani | Anil Aggarwal |
| Mukesh Jagtiani | Nagavara Ramarao | Narayana Murthy Ratan Tata |
The salary one receives after the completion of an MBA in entrepreneurship management degree program is completely variable and depends on different factors such as the skills one possesses, the job profile one has, and the company one works in.
| Level of Experience | Average Salary(in INR) |
|---|---|
| Above 5 years | Rs. 15 - 20 lakh per annum |
| 1 - 3 years | Rs. 12 lakh per annum |
| 0 - 1 year | Rs. 6 lakh per annum |
MBA in Entrepreneurship is a career-enhancing course to help you launch and manage a business enterprise or run a family business with the help of the latest skills and techniques in the market. Entrepreneurs enjoy respect and popularity in public life as they are seen as employment and revenue generators. They play an important part in the development of a nation and society.
Career Options after MBA in Entrepreneurship
After completing an MBA in Entrepreneurship in India, many job opportunities are available in several fields. MBA in Entrepreneurship graduates are employed in various sectors such as automobiles, advertising, livestock, banking, telecommunications, hospitality, fashion management, and more.
1. Marketing Manager
A marketing manager is a professional who is responsible for managing the complete marketing tactics of an organization. A marketing manager oversees the marketing campaigns and ensures all the targets are met.
2. Entrepreneur
Entrepreneurs are professionals who own their own businesses and work in different fields on their own start-ups. An entrepreneur manages the complete business and works at every aspect of the business.
3. Manager
A manager is a professional who is responsible for managing the complete department of an organization. A manager supervises and manages all the tasks, team members, and deadlines.
Some other job prospects for MBA in Entrepreneurship are as follows:
| Sales Manager | New Venture Developer |
| Corporate Supervisor | Department Manager |
| Business Consultant | - |
Scope for Higher Education for MBA in Entrepreneurship
An MBA in Entrepreneurship opens up a range of career opportunities for students. Students may opt to work in major international corporations and firms. They might even set up their businesses. Graduates can also pursue a Ph.D. in Management after completion of this course.
Entrepreneurship is the potential of someone to show thoughts into motion. It calls for imagination, ingenuity, and risk-taking in addition to the cap potential to do so. Plan and execute initiatives to perform goals. It is critical to selling creativity, competition, and financial improvement. Encouraging an entrepreneurial spirit promotes the formation of the latest organizations and the improvement of the business. Here are a few essential MBA in Entrepreneurship competencies that employers search for whilst hiring:
1. Humility and Empathy
Entrepreneurs need to plan an attempt to preserve their ft at the floor with even the maximum promising achievements. Practicing humility approach being sensitive, self-aware, kind, and empathetic.
2. Open-Mindedness
Entrepreneurs can reap better tiers of achievement with the aid of using keeping an open mind, being capable of do not forget diverse factors of view, and attempting out new processes. Welcoming new thoughts and insights will probably allow corporation proprietors to locate progressive answers to demanding situations and to be open and open to greater opportunities with a view to help them with inside the lengthy run.
3. Confidence
Starting any corporation wishes an entrepreneur to have the braveness and self-belief to take the primary step. Yet consider wishes to tackle a good deeper that means for entrepreneurs. Exuding quiet and sturdy self-belief as an entrepreneur is a critical characteristic. It generates a feel of self-belief and admire among personnel and traders and is an identifying component in negotiating and concluding offers successfully.
4. Decisiveness
A a success entrepreneur and chief have to be capable of make a selection quick and efficiently.
1. What is an MBA in Entrepreneurship Management?
Ans. MBA in Entrepreneurship Management is a degree that deals with every aspect of entrepreneurship.
2. What is the average salary of an MBA in Entrepreneurship Management graduate?
Ans. The average salary of an MBA in entrepreneurship management is around Rs. 6 lahks per annum.
3. What are the top entrance exams for admission to MBA in Entrepreneurship Management?
Ans. CAT, XAT, and GMAT are some of the top MBA in entrepreneurship management entrance examinations.
4. Which companies hire MBA in Entrepreneurship Management graduates?
Ans. TCS, Wipro, Amazon, Google, Flipkart, Infosys, P Morgan Chase and Co., WNS Global Services, and Accenture are some of the top companies hiring MBAs in entrepreneurship management.
5. What are the skills required to be a successful entrepreneur?
Ans. Skills required to be a successful entrepreneur include business acumen, leadership qualities, analytical skills, knowledge of business and the market, ability to take risks, pro-activeness, innovativeness, farsightedness, financial management, etc.
6. What is the syllabus for MBA in Entrepreneurship?
Ans. The MBA in Entrepreneurship syllabus includes subjects like Management Process & Organization Behavior, Financial Management, Production & Operations Management, Management Information System, Operations Research, Business Communication, Managerial Economics, Strategic Management & Business Policy, Legal Aspects of Business, Research Methodology, etc.
7. What are the admission criteria for MBA in Entrepreneurship?
Ans. For admission to the MBA in Entrepreneurship, course colleges select candidates on the basis of an MBA entrance exam score and conduct personality assessment tests such as group exercises, business presentations, and personal interviews.
8. Can I pursue an MBA in Entrepreneurship course in part-time mode?
Ans. Yes, you can pursue an MBA in Entrepreneurship course in part-time mode. In India, this course is offered in full-time, part-time, distance-learning, and online education modes.
9. What are the career opportunities after MBA in Entrepreneurship other than starting my own business?
Ans. MBA in Entrepreneurship graduate who does not plan to start a business can work as Business Consultants, New Venture Developers, Fundraisers, and Development Officers. They can also pursue a career in journalism by covering the business beat for a news agency or publication.
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