A small percentage of any population becomes entrepreneurs while the vast majority becomes employees. With tough competition emerging in every corner, more and more students are driven towards starting their own venture after graduation. Entrepreneurship as a career option has evolved due to the dwindling opportunities in the formal sectors. Luckily, today, one has an option to focus on this stream right from the scratch with the help of degrees like MBA in Entrepreneurship. An MBA degree specializing in Entrepreneurship is a great foundation for a successful business venture. Acknowledging this, an increasing number of universities and colleges are offering courses in entrepreneurship as part of their business education. Many students in MBA programs select MBA in Entrepreneurship as their focus to better prepare themselves for being employers, investors, inventors and other necessary roles that keep the world of entrepreneurship spinning.
In countries like India, most students doing their MBA have little or no work experience. Their ability therefore to spot opportunities, appreciate scenarios, develop and leverage relationships is limited compared to those with experience. Yet why are investors almost always biased in favor of entrepreneurs with degrees from well known business schools? The reason is that, all other things being equal, the degree is a filter. Institutions offer full time, part time and even online Entrepreneurship MBA programs. Whether you want to set up your own business or enter a business-based career, these MBA programs can prove invaluable as they will equip you with the knowledge and skill you need, along with effective investment plans.
What all is taught in MBA in Entrepreneurship
An entrepreneur is born on its own but the skills of an entrepreneur are polished at B-school. Anybody who wishes to set up his/her own business or wants to carry on the year’s old family business.. MBA in Entrepreneurship is what you need. This degree program combines traditional MBA coursework with entrepreneurial-oriented courses in venture creation and finance and marketing, giving students the insight to build thriving businesses. Some of the topics taught in Entrepreneurship are as follow –
Entrepreneurship – Concept, role of entrepreneurship in economic development, knowledge and skills requirement, factors impacting emergence of entrepreneurship, entrepreneurship process.
Starting the venture – Generating business idea, opportunity recognition creative problem solving, competitor and industry analysis, feasibility study, drawing business plan, presenting business plan to investors, preparing project report.
Sources of finance – debt or equity financing, financial institutions supporting entrepreneurs, patents, trade secrets, trade marks, intellectual property rights, copy rights, licensing, franchising.
Research methods for management
Business Plan & Ethics
Human Resource Management
Career Options – MBA in Entrepreneurship
Though there is limitless scope in India for entrepreneurship, one can find them only from major cities in the country starting up new ventures especially because of the risky investment factor. With an MBA in Entrepreneurship, here are few career options that an individual can look forward to –
An entrepreneur engineers his own future. If he is successful in engineering a business plan and knows how to sell it, then there is no looking back. In India, government wants to promote entrepreneurship as much as viable. And, it is providing support in the form of funding, tax incentives and building infrastructure to facilitate new ventures. MBA in Entrepreneurship is basically taught to make you self sufficient in the required knowledge to start a business of your own.
List of Colleges that offer MBA in Entrepreneurship in India
Amity Business School (Noida) – M.B.A in Entrepreneurship
Entrepreneurship Development Institute of India (Gandhinagar) – specialization in Business Entrepreneurship
IIM Bangalore (NSRCEL) – specialization in Entrepreneurs & Family Businesses
D Y Patil, Mumbai University (Mumbai) – M.B.A in Entrepreneurship Management
IIM Indore – specialization in Family owned Businesses & Entrepreneurship
Indraprastha College of Management & Technology (Jodhpur) – specialization in Entrepreneurship & Business Management
Lal Bahadur Sastri Institute of Management – specialization in Entrepreneurship
Mudra Institute of Communication (Ahmedabad) – specialization in Communications, Management & Entrepreneurship
NMIMS (Mumbai) – M.B.A in Social Entrepreneurship
Xavier Institute of Management & Entrepreneurship (Bangalore) – specialization in Entrepreneurship Development
Nirma Institute of Management (Ahmedabad) – M.B.A in Family Business and Entrepreneurship
Thadomal Shahani Centre For Management (TSCFM), Mumbai
The School of Education, North-Eastern Hill University, Shillong
Indian Institute of Planning and Management (IIPM), Lucknow