Best Online Master's in Entrepreneurship for 2019
An MBA in entrepreneurship prepares students to analyze and launch new business ventures. Students gain practical knowledge and skills highly applicable to real world ventures. Graduates are able to assess risk and determine what investments make most sense.
The Bureau of Labor Statistics ( BLS ) expects the number of jobs in business and entrepreneurship to grow 9% by 2026, a projection that outpaces the anticipated 7% average growth for all occupations. Becoming an entrepreneur in the 21st century is especially exciting given globalization and the challenges of meeting customer demand worldwide.
What are the Best Online Master's in Entrepreneurship Programs?
Top 8 Masters in Entrepreneurship Programs
Admissions Rate
48%
Graduation Rate
81%
Online Enrollment
4%
Retention Rate
91%
Default Rate
4%
Syracuse University offers an online master's in entrepreneurship that empowers new and experienced business professionals to bring their ideas to life. The ten course curriculum, which most students complete in less than 15 months, consists of classes in new product development, venture capital, and a capstone seminar on global entrepreneurship management. In addition to conventional application materials like official college transcripts and a CV, candidates must also submit a business proposal, which they then build upon as they progress through their coursework. Students may enter the program in fall or spring. International applicants are welcomed. Distance learners enjoy Syracuse's vast resources, including job coaching and interview preparation through Career Services and networking opportunities through the Alumni Club.
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How to Choose an Online Master's in Entrepreneurship Program
Choosing the best MBA for entrepreneurship requires careful due diligence. You must consider the variables among programs to decide which fulfills your educational and professional goals. In addition to determining how long it will take to complete your MBA in entrepreneurship, you must also think about how much it will cost to ensure your studies are within your budget. Moreover, you must learn which programs are fully online and which programs require both online and on-campus classes. You should also review the curricula at different schools, especially if you are interested in specialized studies within your online master's in entrepreneurship program. The best MBA for entrepreneurship will meet all of your needs while also teaching you the necessary skills to attain a career in business.
Careers for Graduates of Master's in Entrepreneurship Programs
The knowledge you acquire in your master's in entrepreneurship opens several career options. The best MBA for entrepreneurship programs will teach you business principles, financial analysis, and risk mitigation; these skills create an outstanding foundation for your occupational pursuits. Launching your own consultancy, investing in a franchise, building an existing business, and starting your own company to meet consumers' needs are all within reach once you complete your MBA in entrepreneurship.
A business consultant helps companies operate more effectively and efficiently. These professionals enable companies to improve performance by helping them develop and implement thoughtful approaches that not only generate revenues, but also meet customer requests.
Median Salary: $72,200
Source: Payscale
Job Outlook and Salary for Graduates of Entrepreneurship Master's Degrees
According to the BLS, business and finance occupations will grow 9% by 2026, surpassing the projected average 7% growth for all occupations. Just over 750,000 new jobs will become available to those who hold an MBA for entrepreneurship. The professional outlook for those who graduate with a master's in entrepreneurship is highly positive and financially satisfying. What you earn will depend largely on your chosen career and your geographic location.
| Employment, 2014 | Projected Employment, 2024 |
|---|---|
| 8,337,778 | 9,088,1778 |
Source: Payscale
Salary Growth by Experience for Graduates of Entrepreneurship Master's Programs
Your salary after graduating with a master's in entrepreneurship is also tied to your years of experience. The more experience you acquire, the greater your salary. Even so, earnings for entry level entrepreneurship degree holders are lucrative. While your income depends on the specific occupation you enter, it will no doubt be competitive. Some careers like salesperson also include commissions, so what you earn is connected to your on-the-job experience and professional drive.
To determine the best online master's in entrepreneurship programs, we looked at the most important factors prospective students, mainly common predictors of future success and a school's commitment to online programs. This boils down to admissions rate, student loan default rate, retention rate, graduation rate, and the percent of students enrolled in online classes. All data points are taken from information provided by colleges and universities to the National Center for Education Statistics.
Each factor is weighted evenly in order to give an objective view and determine the best online master's in entrepreneurship programs. To calculate our rankings, we looked at a school's ranking when organized by a single factor, and then averaged each category's ranking to find an overall score: Admissions Rate (20%) + Default Rate (20%) + Retention Rate (20%) + Graduation Rate (20%) + Percent of Students Enrolled in Online Classes (20%) = Final score.