What You Should Know About This Degree
There are many paths to becoming an entrepreneur or entering a management occupation; however, executives working in a corporate setting are typically required to have a bachelor’s degree, at minimum, and considerable work experience. Top executives at large corporations often hold an MBA and advance with experience within their own organizations, moving up from lower-level management occupations. Additionally, some top executive positions may require the candidate to have a license or certification relevant to their area of management.
There is a wide range of certifications targeting numerous fields of business. Certifications related to finance and accounting include Certified Financial Analyst (CFA), Certified Public Accountant (CPA), Certified Management Accountant (CMA), and Certified Merger & Acquisition Advisor (CMAA). Certifications related to consulting include Project Management Professional (PMP) and Certified Six Sigma Black Belt, among others.
Professionals who plan to launch their own business may also benefit from earning an MBA. Entrepreneurship programs provide students with opportunities to build core business skills in areas such as leadership, finance, strategy, human resources and organizational management, marketing, and operations. Many programs also support students in their entrepreneurial ambitions through first-hand experiential programs and competitions, enabling them to launch their own business ventures while pursuing their education.
Here are some questions to ask when researching MBA programs in entrepreneurship:
- How long does it take to complete this degree? How long it takes to complete an MBA program depends on several factors. Full-time students can usually earn an MBA in two years, while part-time students typically complete an MBA in three years. There are also accelerated MBA programs that can be completed in one year.
- Are courses offered synchronously or asynchronously? For online programs, courses are usually delivered in two formats: synchronously or asynchronously. Synchronous courses meet at a designated time and often require real-time interaction; however, students attend remotely. Asynchronous courses don’t require students to meet at a designated time nor interact in real-time. Instead, students are able to access lessons at their convenience.
Once you’ve identified programs that interest you, review their application processes and admission requirements. This information is usually available on the school’s website. You can also contact the program directly for more information.
Another key consideration is financing your education. Multiple funding opportunities may be available to you, including financial aid, assistantships, loans, scholarships, and grants. If you’re employed, ask your employer about education benefits.