Top 10 Colleges for MBA in Entrepreneurship in India
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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:
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.
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.
