What Can I Expect from an Online MBA in Entrepreneurship Program?

Online MBA in entrepreneurship programs offer the same academic quality as on-campus programs in a much more flexible format. By eliminating the need to commute to campus, online programs provide you with more time for work, family, and any other responsibilities that you may have. Online programs also allow you to attend colleges outside your area without the cost and inconvenience of relocating. When selecting a program, carefully review your options to find the best match for your particular needs and goals.

Available concentrations

If you are interested in a specific aspect of entrepreneurship, look for a program that allows you to focus your studies on this specialty. Some of the most common concentration options for an MBA in entrepreneurship include:

  • Small Business/Nonprofit Management: Explores the unique needs of managing a nonprofit organization or small business.
  • Marketing: Covers the development of advertisement campaigns, social media management, and consumer psychological triggers.
  • Project Management: Equips students with skills in organization and delegation, preparing them for managing large-scale projects.
  • Leadership: Emphasizes critical leadership skills, such as effective communication and motivation techniques.
  • Recruiting and Staffing: Reviews the process for hiring an effective team, touching on the tactics used to attract talent, interview prospects, and train employees.

Common degree curriculum

It’s important to note that some online MBA in entrepreneurship programs can be completed entirely remotely, while others are offered in a hybrid format that requires you to take some classes on campus. Unless you’re willing to relocate, you’ll need to find either a 100% online or hybrid program in your area.

While the exact curriculum will depend on which school you attend and whether you select a concentration, some topics are covered in just about every MBA in entrepreneurship program, such as:

  • Family Business Management: Students learn about the unique dynamics found in family businesses and the tools needed to navigate professional relationships with family members.
  • Entrepreneurial Research: Examine the skills needed to gather and prepare necessary information for entrepreneurial ventures.
  • Law and Entrepreneurship: Explores the laws that govern and affect entrepreneurial activities.

Certification and license preparation

An online MBA in entrepreneurship program will prepare you for Certiport’s Entrepreneurship and Small Business certification exam — earning this credential will further demonstrate that you have the knowledge and skills to be a successful entrepreneur. Also, while the requirements vary by location and industry, you will likely need to obtain a business license to operate your own company.

Program accreditation

Only apply to institutions approved by a DOE-recognized regional accrediting organization, such as the New England Commission of Higher Education or Northwest Commission on Colleges and Universities. If your school doesn’t have regional accreditation, you may be unable to access financial aid or transfer credits to another institution if needed. In addition to institutional accreditation, the best options for earning an MBA in entrepreneurship also have programmatic accreditation from an industry group such as the Accreditation Council for Business Schools and Programs.

Program completion timeframe

Most full-time students can earn an MBA in entrepreneurship within two years, while part-time students may need up to five years. Some schools offer an accelerated option that allows you to earn your master’s in just one year. However, this requires a particularly heavy courseload and likely isn’t a viable option for those with work or family commitments.

Cohort-based programs require you to remotely take classes and complete courses simultaneously as other students. If you want to earn your degree as quickly as possible, avoid cohort-based programs — instead, find a program that offers asynchronous courses, which can be completed at your own pace.

Employment Outlook for MBA in Entrepreneurship Graduates

An MBA in entrepreneurship will prepare you to run an entire organization or manage a department within an organization. It’s an excellent degree for anyone who wants to earn a large income, as these positions tend to offer six-figure salaries.

Of course, you should adjust your salary expectations according to where you plan to work. Areas with a higher cost of living tend to offer higher pay. For example, the average salary for administrative services managers in New York is over $50,000 higher than in South Dakota.

Also, earning a master’s degree should provide more job security. The unemployment rate is 1.9% for workers with a master’s degree, 2.2% for those with a bachelor’s, and 4.0% for those with just a high school diploma.

Job Title Job Description Median Yearly Salary Projected Growth Rate (2022 – 2032)
Top Executives Top executives are responsible for setting goals and ensuring the goals are met while managing the overall operations of an organization. $100,090 3%
Administrative Services Manager These professionals supervise staff, keep records, and provide other supportive services that help organizations run more efficiently. $101,870 5%
Human Resources Manager Human resources managers oversee staff hiring and liaise between upper management and employees. They also oversee employee benefit programs and handle issues such as sexual harassment and equal employment opportunities. $130,000 5%
Sales Manager Sales managers supervise their employer’s sales team, set sales goals, develop training programs, and analyze data to improve sales efforts. Their duties often include developing pricing plans and determining sales territories as well. $130,600 4%

Professional organizations

Professional organizations offer valuable benefits such as networking opportunities, educational programs, and access to industry publications. Some of the top organizations for those with an MBA in entrepreneurship include:

  • National Management Association: Members of the NMA can enjoy several professional benefits, such as reports on the latest industry trends, career development tools, and members-only discounts on various goods and services.
  • Entrepreneurs’ Organization: This organization offers networking opportunities through global, regional, and chapter events. A mentorship program is available as well.
  • Collegiate Entrepreneurs’ Organization: The CEO was created for student entrepreneurs. Membership benefits include access to the group’s career center, video library, and live webinars.

Financing Your Online MBA in Entrepreneurship Degree

Online programs tend to be more affordable than on-campus programs, but you still may need help paying for your MBA in entrepreneurship. In that case, be sure to fill out the Free Application for Federal Student Aid (FAFSA) to determine your eligibility for grants and loans provided by the federal government. Other financial aid options include private loans or applying for one of the many scholarships available for MBA students.

Student Finance Resources and Guides

There are so many financing options, each with its own set of eligibility requirements and application deadlines, that it can be difficult to determine what you should do next after submitting your FAFSA. The resources listed below will help you sort through all this information and save as much money as possible.

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Interested in a degree?

Learn more about online degrees, their start dates, transferring credits, availability of financial aid, and more by contacting the universities below.