What You Should Know About This Degree
While many aspiring entrepreneurs opt for an MBA degree, a program specifically geared toward entrepreneurship may offer specialized skills training not found in the more general business degree. An MBA is focused on business as a liberal art, while an entrepreneur program is usually a master’s of science, which views business as a set of applied skills that use scientific methods to start, run, and own a business.
It is hard to predict job growth levels in the world of entrepreneurship. The COVID-19 pandemic has disrupted business-as-usual and created unprecedented challenges for business owners. Experts, however, are optimistic about long-term recovery and growth in 2021 and beyond, and some may see this period as an opportunity to enter the market as it begins an upswing.
As owner of your own business, there are no credentials required, although some entrepreneurs go on to earn doctorate-level degrees as their business grows. Some business owners become lifelong learners, taking certificate courses as needed while their business grows and expands.
Here are some questions to ask when researching Entrepreneurship programs:
- Am I eligible for this program? Many graduate-level programs are geared toward those who already have a business idea and seek the tools they need to get it off the ground. Others accept students with a business-oriented degree at the undergraduate level. Do your research on your chosen institute’s webpages to see what the requirements are for the program you are interested in.
- How long does it take to complete this degree? Generally, you can complete your entrepreneurship degree in as little as nine months if you attend full-time. However, many students continue to work while taking classes on a part-time basis. In this case, plan on completing the program in two to four years.
A phone call to a school’s admissions office can yield a wealth of information and answer your questions without requiring a commitment on your part. Make sure you’re keeping track of deadlines for applications and other materials — a late application can cost you a place in the incoming class.
You’ll also want to pay attention to financial aid opportunities that are available from each school you’re considering. These may have different deadlines to apply for and may require an essay or other collateral materials. In addition to school financial aid, you may also find grants or school loans through professional organizations you belong to — some time spent researching can yield big dividends.