MBA in Entrepreneurship Management
Online courses or part-time courses are also available in some universities so that students can learn according to their pace. Students can earn money while pursuing their studies. A minimum cumulative score of 50% or more or an equivalent CGPA from an accredited university is needed for enrollment in this program.
Students must pass MBA entrance exams like the CAT SNAP XAT and GMAT to get admission. Most of the universities in India will accept these entrance exam scores to qualify students for admission. However some of the colleges conduct their entrance exams to qualify students. After submitting entrance exam scores students must appear for group discussion and personal interview rounds to qualify for admission.
Amazon, Accenture, Deloitte, HSBC, Genpact, McKinsey, BCG, Bain, Johnson & Johnson, Nike, Ernst & Young, Reliance Industries, Adani Group, Tesla, LinkedIn and many other deemed firms are the top employers for MBA in Entrepreneurship Management positions. They offer an average income of ₹ 8.64 Lakhs per annum to ₹ 35.92 Lakhs per annum for different job profiles, such as Business Development Manager, Marketing Manager, Business Analyst, Market Research Analyst, Business Consultant, Venture Capitalist, New Venture Developer, Fundraiser and Management Consultant
Highlights
Here is some of the important information related to the management degree in Entrepreneurship Management. Students aspiring to have a degree in Entrepreneurship Management can refer to the information given below:
For students and professionals who aspire to launch a profitable business firm MBA in Entrepreneurship is the ideal specialization. The program is designed to have courses like asset management and venture capital and the basic MBA curriculum. Students who graduate with an MBA in Entrepreneurship have the core skills and knowledge important to establish a startup or manage an already established successful business. The program provides students with theoretical knowledge as well as practical experience through real-life projects. This program will also encourage critical thinking, strategic planning and creativity among the students. Through this course students will gain knowledge and skills in areas such as leadership, marketing, finance and business development all of which apply to the specific challenges of launching and growing a company. Graduates in this course are well-prepared for the challenges in the business world and can lead major projects or create ventures and networking opportunities.
The major outcomes of this course are:
An MBA in Entrepreneurship is a course that will help students develop the confidence and skills to start a new venture or to help students manage already established business ventures.
Aid in developing the leadership, management and critical thinking abilities required to operate a company.
Equips the learner with the ability to launch, manage, and grow successful businesses.
It is to provide advice or special knowledge to enhance confidence when becoming an entrepreneur and succeeding.
Students with an MBA in Entrepreneurship are better prepared to understand market dynamics. Graduates with this degree from any deemed university have a brighter future in terms of career advancement and can contribute to better outcomes in society. Entrepreneurs, especially those with the mindset of launching a startup, not only help generate jobs but also have a positive impact on the country's economy. Professionals learn to take risks in harsh situations and find ways to raise money to gain financial benefits.
Scope of MBA in Entrepreneurship
Graduates with a degree in Entrepreneurship Management have a brighter future and a wide range of opportunities available to them. Nowadays with the betterment of Indian and global economies entrepreneurship management has emerged as a popular specialisation. Graduates with this specialisation provide students with job satisfaction and stability. Graduates also get skilled to launch their business ventures. The most common and famous job profiles, such as Business Development Manager, Marketing Manager, Business Analyst, Market Research Analyst, Business Consultant, Venture Capitalist, New Venture Developer, Fundraiser and Management Consultant.
MBA in Entrepreneurship Management has gained wide recognition across the world. This is because they can launch their startups and enter into business. This degree can help students to bring a change in the economy of the country. This is by contributing toward the development of the societies. The living conditions have been improved because of the increase in the income levels of the middle class. There is therefore a greater demand for experts who are ready to provide their skills and who have the required qualifications. A person holding a management degree with a specialization in entrepreneurship has an optimistic approach. A person who has acquired an MBA in Entrepreneurship from an accredited MBA school enjoys the benefit. The MBA (Entrepreneurship) course plan helps candidates improve their analytical ability, logical judgments and communication skill sets along with their problem-solving methodology.
Eligibility
The admission criteria for the MBA in Entrepreneurship are discussed below:
Students should have a bachelor's degree. This degree can be in any discipline from any recognized university. 50% or equivalent CGPA or more passing percentage is needed for admission.
For students under the reserved category ( OBC/SC/ST) 5% relaxation is offered from the needed 50% percentage.
Students can apply in their final year after submitting a no-objection certificate from the principal of their college.
For top universities score of 60% or more is required for admission
A good score in the entrance exams is needed for those who wish to get admission in top colleges.
Admission Process
The steps for admission process for an MBA in Entrepreneurship are as follows:-
Students must fulfill the admission criteria mentioned above.
Few of the colleges/ universities have criteria that demand at least one year of relevant experience. Experience is important to understand management studies. The individuals can acquire the skills better for their advancement in the future.
Students need to pass entrance exams like CAT XAT CMAT SNAP GMAT and other private university-based examinations depending on the requirements of different universities. Depending upon the cut-off or the score admissions will be provided in this course.
All invited candidates have to fill up the online or offline admission form and attach all required papers, including their Aadhar card number proof of address proof of residency grade sheets 10 and 12 and graduation grade sheet.
After clearing the entrance exams needed by the respective universities students need to appear for the group discussion round and the personal interview round. These rounds are conducted to assess student’s communication skills and problem-solving abilities.
The final selection in the universities is based on the overall score that will be calculated depending on the entrance exam score GD/PI performance and work experience.
Results of the entrance exam and interview are the basis of admission into the MBA program in entrepreneurship management.
Document verification can be done by the students before paying the costs and then can enroll in the classes respectively.
Subjects in MBA in Entrepreneurship
Concentration areas such as entrepreneurship offered by MBA programs develop soft skills such as teamwork, leadership, networking and decision-making. Such talents raise the confidence of aspiring business owners and increase their success rate.
Colleges with specialisations in PGP/MBA- Entrepreneurship
The college names mentioned below are the top colleges for an MBA in Entrepreneurship Management, according to the NIRF Ranking. The table includes government and private colleges. Government college includes IIM Bangalore with a fee of ₹26.00 lakhs and an average package of ₹35.92. The private colleges mentioned include BITS School of Management, Mumbai which has a fee of ₹28.55 lakhs and offers an average package of ₹23.41 lakhs per annum. These colleges offer a 2-year PGP/ MBA in Entrepreneurship Management. It also highlights the fees and average packages of the respective colleges.
Specialised MBA in Entrepreneurship- Colleges List
The colleges mentioned below are top private and government colleges, according to NIRF, that provide a specialized 2-year degree in MBA in Information Technology where the curriculum primarily focuses on entrepreneurship and building innovative ideas among students. SIBM-Symbiosis Institute of Business Management, Pune is the best private college in India for an MBA in entrepreneurship management. It has a program fee of ₹20.59 lakhs. Colleagues offering a specialized program in entrepreneurship often do not provide placements at the end of the program.
College Name | Duration | Fees | Average Package |
SIBM-Symbiosis Institute of Business Management, Pune | 2 Year | ₹20.59 Lakhs | - |
Great Lakes Institute of Management, Chennai | 1 Year | ₹22.50 Lakhs | - |
NIRMA University, (Institute of Management) Ahmedabad | 2 Year | ₹10.21 Lakhs | - |
UBS-University Business School, Punjab University, Chandigarh | 2 Year | ₹2.40 Lakhs | - |
AMITY Business School, Noida | 2 Year | ₹ 13.80 Lakhs | - |
PSG Institute Of Management | 2 Year | - | ₹7.6 Lakhs per annum |
Entrepreneurship Development Institute Of India | 2 Year | ₹ 14.40 Lakhs | - |
List of colleges in Entrepreneurship- Other programs
The table below mentions programs other than MBA and specialised MBA that students can pursue if they are interested in entrepreneurship. The duration of the program varies from 1 year to 5-6 years, depending on the program. It mentions leading colleges with the name of the program and the fees.
Career Prospects after MBA in Entrepreneurship Management
MBA in Entrepreneurship Management provides a good placement opportunity for students in India and worldwide. After marketing and operations most popular emerging recruiting specialization was Entrepreneurship Management. Among the top industries where graduates can find work are supply chain management, logistics and distribution, operations planning, service operations management and consulting. Among the leading employers of recent graduates with an MBA in Entrepreneurship Management are Amazon, Accenture, Deloitte, HSBC, Genpact, McKinsey, BCG, Bain, Johnson & Johnson, Nike, Ernst & Young, Reliance Industries, Adani Group, Tesla, LinkedIn. They can work as Business Development Managers, Marketing Managers, Business Analyst, Market Research Analyst, Business Consultant, Venture Capitalist, New Venture Developer, Fundraiser and Management Consultant and many more.
The future of graduates with this degree is promising as the global economy continues to grow. Innovation in technology and growing digital transformation there is a great demand for entrepreneurs. Growing demand for sustainability and social impact entrepreneurs comes at the forefront of global changes. This degree provides skills to capitalize on growing trends in every field such as tech and green energy. There is an increase in demand for skilled leaders who can handle complex changes and scale business effectively.
FAQ for MBA in Entrepreneurship Management
This degree helps students gain important skills and knowledge needed for launching startups. Students with this degree can also manage already established businesses. Graduates are also free for job options as business consultants, sales managers, product managers and marketing analysts.
Some of the career prospects available to the students after graduating with this degree are job profiles like sales managers, business consultants, product managers, starting their business ventures and many more.
The salary range of ₹ 8.64 Lakhs per annum to ₹ 35.92 Lakhs per annum is the range for an MBA in Entrepreneurship Management.
The MBA in Entrepreneurship program is a two-year MBA program specializing in the field of entrepreneurship. Students will learn about the courses with the content on how to manage a small business. This course will also have the basic core curriculum of the MBA. This degree covers workable business strategies creation to managing business operations. Students get to handle projects, case studies and conventional lectures.