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Top 10 Colleges for MBA in Entrepreneurship in India

Top 10 Colleges for MBA in Entrepreneurship in India

Top private-sector colleges, ISB Hyderabad and Mohali, SPJIMR Mumbai, SIBM Pune and GLIM Chennai offer an MBA in entrepreneurship course.

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Top 10 Colleges for MBA  in Entrepreneurship in India

Starting a new business requires careful planning, market survey and the execution of the planning and ideas. Entrepreneurs must arrange funds, register their ventures with different government authorities and build a strong team to manage. These areas are taught in the MBA in Entrepreneurship.

Participants will also gain from the powerful ecosystem of peers, mentors and industry experts who will provide support throughout their journey. A business is not built on theory and neither should an MBA in Entrepreneurship be.

MBA in Entrepreneurship: A Gateway to Building Future Business Leaders

Leading Colleges custom designs its distinctive MBA in entrepreneurship to instill solid business management expertise and entrepreneurial skills. It’s a great class for people who want to found or lead in startups as well as family-owned businesses.”

It aims to improve problem solving and decisionmaking. As part of these, students get hands on with projects, surveys and group work to explore the fundamentals of finance, marketing and innovation. It prepares graduates to launch and successfully run their own businesses as well as work as consultants, strategists or advisors in this highly competitive market.

What is an MBA in Entrepreneurship?

Master of Business Administration in Entrepreneurship is a business degree intended for entrepreneurs or related professionals seeking to start, lead and manage new businesses or business divisions. It provides students with the competencies, mindset and know-how to be successful entrepreneurs. This course is ideal for startup enthusiasts, entrepreneurs who want to start doing business with their family and small business advisors.

Unlike the average MBA, a broad based business degree, this program deals specifically with innovation, business modelling and risk analysis, venture capital and leadership in dynamic environments. It ultimately aims to equip students to either translate new knowledge breakthroughs into ventures or spur innovation within existing firms.

Why MBA Entrepreneurship in India?

An entrepreneurship MBA is a firm foundation for budding entrepreneurs to gain the necessary abilities and self-assurance to start, expand and run successful businesses. This programme gives the entrepreneur that never-ending success mindset, here not only you get all essential business tools, but it also develops a mentality of thinking outside the box and to focus on long-term profits.

MBA in IIM Bangalore (offered by NSRCEL) was just one such choice of entrepreneurship education in India which were certainly to be at the forefront. Set up in 2000, NSRCEL is a hotbed of entrepreneurial talent and enables ideas to be converted into viable businesses.

Start Small, Dream Big: The MBA Entrepreneurship Edge in India

The dynamic entrepreneurial atmosphere of India is impressive and offers exciting opportunities for a person, considering starting their own business. Between the growing share of new startups, rising VC interest, and robust government backing, the scale of an MBA in Entrepreneurship has widened a lot over past few years.

Subjects studied in the MBA Program in entrepreneurship or Family business management

Principles of management, Human resource management, Quantitative techniques for business, Financial and accounting management, Marketing management, Managerial economics, IT skills, Business analytics, Risk management, Entrepreneurship theory and practice, Venture creation and innovation, Intellectual property rights, Succession planning and others.

Best management colleges offering specialisation in entrepreneurship in Regular MBA/PGP Propgramme

In the top 20 colleges in NIRF ranking 25, only IIM Lucknow, SIBM Pune and SPJIMR Mumbai offer the specialised MBA programme in Entrepreneurship or Family Managed Business but the majority of top colleges offer the specialisation in final year which are mentioned below:

Colleges

Specialisation in Entrepreneurship

IIM Ahmedabad

Entrepreneurship, supported by Centre for Innovation, Incubation and Entrepreneurship (CIE)

IIM Bangalore

New Ventures, Venture Capital and Entrepreneurial Finance

IIM Calcutta

Entrepreneurship, Venture Capital, Family Business Management and Innovation.

IIM Kozhikode

Entrepreneurship and New Ventures, Entrepreneurial Finance, Product Innovation & Development, Family Business Management, Social Entrepreneurship, Managing Change and Transformation, Corporate Entrepreneurship (Intrapreneurship)

Top  MBA Colleges in Entrepreneurship 

The top ten management colleges in India that offer MBA programs in entrepreneurship, family-run businesses or similar programs are listed below. Only one top Institute of Management (IIMs) Lucknow offer similar course, many IIMs administer executive MBA programs for working professionals. The following list includes only three government MBA colleges, IIM Lucknow USB, Panjab University and EDI Ahmedabad; the remaining seven are private sector institutes.

College Name 

Program Name

Program Duration

Entrance Exam Accepted

Fees

IIM Lucknow

MBA-Entrepreneurship and Innovation

16 Months

CAT/GMAT

₹14.3 Lakhs

SIBM-Symbiosis Institute of Business Management, Pune

MBA - Innovation and Entrepreneurship

Two Years

SNAP

₹20.59 Lakhs 

SPJIMR – SP Jain Institute of Management Research Mumbai

Postgraduate Program in Family Managed Business (PGPFMB)

15 Months

Online Aptitude Test – Interview – Assessment – Selection / Rejection

₹22.40 Lakhs 

Indian School of Business - ISB Hyderabad and Mohali

PGP-MFAB (Management for Family Business)

15 months

Business Admission Test (BAT)

₹49.92 Lakhs 

Great Lakes Institute of Management, Chennai

PGPM - Family Business & Entrepreneurship (FBE)

12 Months

CAT/GMAT/ XAT/NMAT

₹ 22.50 Lakhs 

UBS-University Business School, Punjab University, Chandigarh

Master of Business Administration (Entrepreneurship)

Two years

CAT

₹ 2.40 Lakhs

NIRMA University (Institute of Management) Ahmedabad

MBA  - Family Business & Entrepreneurship (FBE)

Two Years

CAT

₹ 10.21 Lakhs

AMITY Business School, Noida

MBA  - Entrepreneurship

Two Years

CAT/MAT/XAT/CMAT/ GMAT/NMAT

₹ 13.80 Lakhs

Entrepreneurship Development Institute Of India, EDI Ahmedabad

Postgraduate Diploma in Management – Innovation, Entrepreneurship & Venture Development

Two Years

CAT/MAT/XAT/ATMA/ CMAT/GMAT/CUET

₹ 14.40 Lakhs

School of Business Management, NMIMS  Mumbai

MBA in Entrepreneurship

Two years

NMAT

₹ 18.00 Lakhs 

Eligibility, Entrance Exam, Admission Process and Placement Records for MBA Entrepreneurship Course 

The MBA entrance examinations needed to qualify for this programme are mentioned in the table above. Eligibility criteria is graduation from any recognised university, which is common for all examinations, though some exams like CAT require a minimum of 50% in graduation from general category candidates and 45% for SC/ST candidates. Regarding the admission process to the course of MBA entrepreneurship, after qualifying for the entrance examination colleges conduct one-to-one interaction with the candidates. Some colleges organise group interaction as part of the selection process.

Placement records for MBA entrepreneurship are not available, as the majority of students do not participate in the placement process as they start their new venture or are involved in an existing family business just after completing the programme.

NIRF Rankings of Colleges of MBA Entrepreneurship

IIM Lucknow ranked at no 5 in the NIRF rankings 25 in the management category, followed by SIBM at no 11 and SPJIMR at no 20. All other colleges except ISB are also ranked in the NIRF rankings. ISB does not apply to NIRF for Ranking.

FAQs

₹22.50 lakh is the most expensive tuition at Chennai's Great Lakes Institute of Management.

At ₹2.40 lakhs, the lowest cost for an MBA in entrepreneurship is offered by UBS-University Business School, Punjab University, Chandigarh.

SIBM Pune, ISB Hyderabad and Mohali and SPJIMR Mumbai are considered the best MBA colleges for the entrepreneurship course.

IIM Lucknow, SIBM Pune, ISB, SPJIMR Mumbai, GLIM Chennai, NMIMS Mumbai, EDI Ahmedabad, UBS Panjab University, Amity University and Nirma University are considered the best ten MBA colleges for entrepreneurship.

The SNAP exam is conducted by the SIBM Pune for admission into MBA programs of the Symbiosis group of Institutions.

IIM Ahmedabad, IIM Bangalore, IIM Calcutta and IIM Kozhikode are the top colleges in India offer specialisation in entrepreneurship and related subjects.

UBS Panjab University, IIM Lucknow and EDI Ahmedabad charge the lowest while ISB charge the highest fee.

IIM Lucknow, UBS Panjab University and EDI Ahmedabad are the top government colleges offering MBA in Entrepreneurship programmes.

SPJIMR Mumbai, SIBM Pune and ISB Hyderabad/Mohali are the top private MBA colleges for entrepreneurship in India.

IIM Lucknow is the best B-school offering an MBA in Entrepreneurship and Innovation degree.