Over the past 100+ years, the Master’s of Business Administration degree has significantly changed the landscape of graduate business programs. Students are flocking to campuses and online programs around the world to develop their leadership skills and increase their chances of a quick trip up the organizational ladder. The degree has not only increased in numbers over the years, but increased in breadth and depth as well. What was once a simple business degree has evolved into a constantly growing program encompassing numerous concentrations, specializations, majors, and certificates covering specialized topics in business and business sector/job specialty. Students can currently pursue online MBA programs with specialized curriculum in Finance, International Business, Accounting, Marketing, Business Analytics, and Supply Chain Management, with more choices added every semester. Online MBA Today explores different online MBA degree options in order to give prospective students information on the multitude of fields and degrees available.
Let’s explore the growing field of Entrepreneurship.
What Is Entrepreneurship?
According to Professor Emeritus Howard Stevenson of Harvard University, “entrepreneurship is the pursuit of opportunity beyond resources controlled.” Based on this definition, entrepreneurs are pursuing new opportunities without the necessary resources and while facing a lot of risk. An entrepreneur must, therefore, manage the uncertainty of resources and risks to bring their venture to life.
Online MBA in Entrepreneurship
The multidisciplinary MBA in entrepreneurship is one way to help you channel your creative ideas into a business strategy. It’s true that an MBA in entrepreneurship is certainly great for people looking to launch their own business, but it is also tailored for people who lead or manage various aspects of a business or individuals who are looking to breathe new life into an already established organization.
An MBA in entrepreneurship will cover everything from legal, financial, and logistical considerations to ethical deliberations for business owners and startup founders. These programs combine traditional MBA coursework with classes focused on venture creation. Because the world of entrepreneurship is vast, expect classes on anything from leadership to data management to social media strategy to wealth management. You’ll learn how to attract investors, find workspace, recruit, and build relationships with other leaders in your particular field.
Many programs require incoming students to have a few years of full-time, professional work experience. And often students come into the programs with ideas of business ventures they would like to get off the ground. A good MBA in entrepreneurship program should help you in that endeavor.
Most MBA programs in entrepreneurship also require a capstone project, where you’ll create a company and work through issues that come up in that process. In addition to a capstone project, while choosing a program, look for one that connects its students with the local business community; these connections are wonderful opportunities to learn tips and tricks and glean insights from women and men successfully working in your industry.
Today, many students are choosing to pursue their MBA in entrepreneurship online. These online programs are ideal for students who may have to relocate during the program, who travel a lot for their current job, or who have childcare obligations or other responsibilities that make on-campus study a challenge. These online programs offer much more flexibility, allowing you to do your class work anywhere – at home once your kids are in bed, in your hotel room on a business trip, or on your lunch break. You’ll be able to download lectures and readings, attend virtual class discussions, turn in assignments, and take exams on your schedule. Just be sure to have reliable access to the internet and a working laptop or tablet.
Something to consider with online programs is whether they require any on-campus time. While many are entirely remote, others will have occasional on-campus requirements throughout your time in the program. These opportunities can be excellent for networking with your classmates and speaking with faculty in-person about your questions, ideas, and challenges. In the end, an online MBA in entrepreneurship is a step toward bringing your business ideas to fruition.
Based on our latest ranking of the top online MBA programs in Entrepreneurship, here are the top five programs in the country:
OTHER MBA SPECIALTY REVIEWS:
Guide to Online MBAs in Accounting
Guide to Online MBAs in Finance
Guide to Online MBAs in Information & Technology
Guide to Executive MBAs
Guide to Supply Chain Management MBAs
Guide to Online MBAs in Business Analytics
Guide to Online MBAs in Healthcare Management
Guide to Online MBAs in Marketing
Guide to Online MBAs in Finance
Guide to Online MBAs in Nonprofit Management