MBA in Entrepreneurship 2024, New Trending Specialization, Future Scope ,Top Colleges
Explore the latest trend in education with an MBA in Entrepreneurship, a specialization offering promising future prospects. Discover top colleges offering this program and embark on a journey towards a successful entrepreneurial career.
Shivani Kumari28 Aug, 2024
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MBA in Entrepreneurship: Entrepreneurship is no longer a hobby or a side-hustle; it is a serious career choice that requires a solid foundation in business fundamentals, strategic planning, and leadership. An MBA in Entrepreneurship is a specialized degree program that equips students with the skills, knowledge, and resources to start, grow, and run their own businesses.
The future scope of an MBA in Entrepreneurship is promising, given the growing trend of entrepreneurship and the increasing demand for business leaders who can think outside the box and create new opportunities.Also Read: MBA in Pharmaceutical Management
Note: According to a report by the Global Entrepreneurship Monitor, there are over 582 million entrepreneurs worldwide, generating over $7 trillion in revenue.MBA in Entrepreneurship Overview
An MBA in Entrepreneurship is a two-year advanced degree program that focuses on teaching skills for managing and overseeing businesses. This program helps students gain connections and knowledge to become innovative thinkers and business creators. To join this program, you need a bachelor's degree in any field, preferably in business, accounting, or statistics.- After completing an MBA in Entrepreneurship, graduates have the skills, knowledge, and connections to start their own businesses.
- Entry-level jobs for graduates include roles like Product Managers and Business Development Associates, with starting salaries typically ranging from INR 5 lakh to INR 12 lakh.
| MBA in Entrepreneurship Highlights | |||
| Level | Entry-Level | Mid-Senior Level | Senior Level |
| Job Profiles | Product Managers, Business Development Associates | Startup Founder, Director, Venture Capital Associate | Director, Vice President of a startup |
| Average Salary (INR) | 5 lakh - 12 lakh | 13 lakh - 20 lakh | 20 lakh - 40 lakh |
| Industries | Various (e.g., automobiles, advertising, agriculture, banking, IT, hospitality, fashion) | Various | Various |
| Top Recruiters | Deloitte, Google, Apple, Amazon, JP Morgan, etc. | Deloitte, Google, Apple, Amazon, JP Morgan, etc. | Deloitte, Google, Apple, Amazon, JP Morgan, etc. |
Also Read: MBA in Pharmaceutical Management
MBA in Entrepreneurship: Average Salary Based On Job Position
An MBA in Entrepreneurship can open doors to well-paying job opportunities. Here are some top careers along with their average salaries:- Chief Executive Officer (CEO): CEOs earn around $156,874 on average.
- Venture Firm Partner: As a partner in a venture firm, you can earn an average of $204,213 per year.
- Partner, Management Consulting Firm: Partners in management consulting firms make an average annual salary of $227,141.
- Chief Financial Officer (CFO): CFOs oversee financial reports and need a background in finance, economics, and analysis.
- Vice President (VP), Business Development : VPs of business development handle sales and marketing goals, financial health, and contract acquisition.
| MBA in Entrepreneurship: Average Salary Based On Job Position | |
| Job Position | Average CTC |
| Product Manager | INR 10 LPA- INR 12 LPA |
| Business Development Associate | INR 8 LPA- INR 20 LPA |
| Venture Capital Associate | INR 15 LPA- INR 25 LPA |
| Startup Founder | Income of Startup Founder Varies as per business |
- Beyond these roles, an MBA in Entrepreneurship can lead to high-paying careers in industries like manufacturing, professional services, healthcare, and government. Salary can also be influenced by factors like cost of living and local market conditions.
MBA in Entrepreneurship: Top Careers in MBA Entrepreneurship
MBA in Entrepreneurship opens up various career paths for graduates. Some common career options include starting your own business, taking on intrapreneurial roles within established companies, and pursuing roles like Business Consultant, Management Analyst, Investment Banker, and Director of Sales.| Job Profile | Description | Average Salary (in INR) |
| Marketing Manager | Plans, executes, and oversees marketing strategies and campaigns to promote products, services, or brands. | 12.5 LPA |
| Product Manager | Oversees the development and management of a product throughout its lifecycle. | 24.7 LPA |
| Finance Manager | Responsible for overseeing the financial health of an organization. | 17.3 LPA |
| Business Analyst | Analyzes, understands, and documents business processes and systems within an organization. | 9.5 LPA |
| Operations Manager | Oversees the production of goods and/or services within an organization. | 10.6 LPA |
| HR Manager | Oversees the human resources department within an organization. | 12 LPA |
| CEO | Top executive responsible for making major corporate decisions, managing operations, and leading the organization towards its strategic goals. | 46 LPA |
| Department Manager | Oversees operations, activities, and staff within a specific department of a company or organization. | 4.3 LPA |
| Project Manager | Responsible for overseeing the planning, execution, and completion of projects within an organization. | 19.1 LPA |
| Sales Manager | Leads and manages a team of sales representatives or a sales department within an organization. | 6.7 LPA |
Specialization Wise Salary for MBA Entrepreneurship Graduates in India
The average salary for MBA Entrepreneurship graduates in India ranges from INR 5 lakh to INR 17.02 lakh per annum. Some of the major job profiles and their corresponding average salaries after completing an MBA in Entrepreneurship include Project Manager (INR 11 LPA), Department Manager (INR 17.02 LPA), Business Reporter (INR 7 LPA), Business Consultant (INR 5.5 LPA), and Corporate Supervisor (INR 14 LPA).| Specialization Wise Salary for MBA Entrepreneurship Graduates in India | |||
| Specialization | Entry-level CTC | Mid-level CTC | Senior-level CTC |
| Healthcare Entrepreneurship | INR 4-6 LPA | INR 8-12 LPA | INR 14-20 LPA |
| Retail Entrepreneurship | INR 3-6 LPA | INR 7-10 LPA | INR 15-25 LPA |
| Finance Entrepreneurship | INR 4-5 LPA | INR 8-11 LPA | INR 20-30 LPA |
| Family Business Entrepreneurship | INR 3.5-6.5 LPA | INR 9-14 LPA | INR 15-22 LPA |
| Sales and Marketing Entrepreneurship | INR 5-7 LPA | INR 7-10 LPA | INR 14-18 LPA |
Top Recruiters for MBA Entrepreneurship Students
Some of the top recruiters for MBA students include Amazon, McKinsey, BCG, Bain, Deloitte, Johnson & Johnson, Nike, Ernst & Young, PricewaterhouseCoopers, Tesla, LinkedIn, Procter & Gamble, Accenture, A.T. Kearney, Deutsche Bank, Credit Suisse, IDEO, PepsiCo, Unilever, and GE.|
Top Employment Areas for MBA Entrepreneurship Graduates |
|
| Healthcare | Automobiles |
| Banking | Insurance |
| Private Companies | Food and Beverages |
|
Healthcare Recruiters |
||
| Apollo | Fortis | Medanta |
| Piramal | Sun Pharma | Cipla |
|
Banking Recruiters |
||
| HDFC | ICICI | American Express |
| Mastercard | Square | Paytm |
|
Automobile Recruiters |
||
| Tesla | Ford | Mahindra |
| Maruti | BMW | Hero |
|
Food and Beverage Recruiters |
||
| Coca-Cola | Nestle | Amul |
| Gyan | ITC Foods | Hindustan Unilever |
|
Private Organizations |
||
| Amazon | Infosys | |
| Zomato | Flipkart | Wipro |
Top MBA Entrepreneurship Colleges for Placements
Choosing the right business school can significantly impact one's entrepreneurial success. Stanford GSB, HBS, Babson College's F.W. Olin Graduate School of Business, the University of Pennsylvania's Wharton School, NYU Stern, Columbia Business School, and MIT Sloan School of Management are some of the top colleges for entrepreneurship, offering robust entrepreneurship MBA programs, unique achievements, and contributions to ensuring student/graduate businesses.| Top MBA Entrepreneurship Colleges for Placements | |
| Institute | Average Salary (in INR) |
| XLRI, Jamshedpur | INR 30.2 LPA |
| IIM, Lucknow | INR 32 LPA |
| Jamia Millia Islamia | INR 8 LPA |
| Symbiosis Institute of Business Management, Pune | INR 20 LPA |
| Chandigarh University | INR 7.6 LPA |
| Lovely Professional University, Jalandhar | INR 7.2 LPA |
| IMT, Ghaziabad | INR 14 LPA |
| IIM, Nagpur | INR 16.8 LPA |
| Amity University, Noida | INR 5.5 LPA |
| PSG Institute of Management, Coimbatore | INR 6.1 LPA |
How to Start a Career After MBA Entrepreneurship?
Starting a job after completing an MBA in Entrepreneurship requires utilizing your skills, networking, gaining real-world experience, and actively exploring business opportunities. Here are some points for students to consider in shaping their careers:- Identify Your Strengths and Weaknesses: It's important for candidates to know their strengths and weaknesses, especially if they plan to start their own business. Understanding these aspects helps in effectively managing their ventures.
- Develop a Business Idea: If you have a business idea, conduct thorough customer and market research to refine it. If not, start by identifying a problem or opportunity that interests you, and then brainstorm potential solutions.
- Apply Real Experience : Once you have a solid business plan and resources in place, launch your entrepreneurial venture. Be prepared to adapt and adjust your approach based on the lessons learned from real-world experiences.
Top Indian Cities for Lucrative Jobs After MBA in Entrepreneurship
Many major cities in India offer dynamic job markets for MBA graduates in Entrepreneurship. These cities provide diverse opportunities across various industries, facilitating career growth and development.| City | Job Opportunities | Average Annual Salary (in INR) |
| Delhi | Healthcare institutions, Banking, Automobile, Private Organizations | INR 4 lakh - INR 6 lakh |
| Mumbai | Food and Beverage, Healthcare, Private Organizations | INR 6 lakh - INR 10 lakh |
| Pune | Healthcare, Automobile, Educational Institutions | INR 5 lakh - INR 8 lakh |
| Hyderabad | Healthcare, Private Organizations | INR 6.5 lakh - INR 9 lakh |
| Bangalore | Healthcare, Automobile, Food and Beverage, Banking | INR 8 lakh - INR 9.5 lakh |
| Chennai | Education, Healthcare, Marketing | INR 5.5 lakh - INR 8.5 lakh |
| Chandigarh | Automobile, Healthcare, Insurance | INR 4.5 lakh - INR 6.5 lakh |
| Kolkata | Private companies, Education, Marketing | INR 3.5 lakh - INR 5 lakh |
| Ahmedabad | Healthcare, Automobile, Educational Institutions | INR 3.5 lakh - INR 4.5 lakh |
| Jaipur | Healthcare, Banking, Automobile, Private Organizations | INR 4.5 lakh - INR 6.5 lakh |
MBA Entrepreneurship Jobs in Government and Private Sectors
MBA graduates can find entrepreneurship jobs in both government and private sectors. In the government sector, MBA graduates can work in departments like the U.S. Department of Labor, the U.S. Securities and Exchange Commission, the U.S. Postal Service, and NASA.| Industry | Description | Average CTC (in INR) |
| Healthcare | Scope of the Healthcare industry is rising constantly. The student will be in charge of managerial duties in a hospital, pharmaceutical firm, or other healthcare organization. | INR 5.5 lakh to INR 7.5 lakh |
| Automobile | Deals with designing, manufacturing, mechanical mechanisms as well operations of automobiles. | INR 5 lakh to INR 8.5 lakh |
| Food and Beverage | In the Food and Beverage Service industry aspirants can work in restaurants, hotels, food stalls, etc. | INR 7.5 lakh to INR 8.5 lakh |
| Marketing | Deals with marketing and promoting a product for increased sales and revenue | INR 8.2 lakh to INR 9.5 lakh |
MBA Entrepreneurship Salary Abroad
MBA graduates can find entrepreneurship jobs in both government and private sectors. In the government sector, MBA graduates can work in departments like the U.S. Department of Labor, the U.S. Securities and Exchange Commission, the U.S. Postal Service, and NASA. In the private sector, MBA graduates can pursue entrepreneurship jobs by starting their own companies or working in venture capital firms. Additionally, MBA graduates can find jobs in less conventional careers, such as architectural and engineering manager, natural sciences manager, public relations and fundraising manager, training and development manager, medical and health services manager, postsecondary education administrator, construction manager, postsecondary teacher, emergency management director, and social and community service managers.| Country | Salary Offered |
| USA | Entry-Level : $60,000 - $120,000 or more Mid-Level: $100,000 - $200,000 or more Senior-Level: $150,000 - $300,000 or more |
| United Kingdom | Entry-Level: £30,000 - £60,000 or more Mid-Level : £50,000 - £100,000 or more Senior-Level: £80,000 - £150,000 or more |
| Canada | Entry-Level: CAD 60,000 - CAD 120,000 or more Mid-Level: CAD 90,000 - CAD 150,000 or more Senior-Level: CAD 120,000 - CAD 200,000 or more |
| Germany | Entry-Level: €45,000 - €80,000 or more Mid-Level: €70,000 - €120,000 or more Senior-Level: €100,000 - €200,000 or more |
| Australia | Entry-Level: AUD 70,000 - AUD 120,000 or more Mid-Level: AUD 100,000 - AUD 180,000 or more Senior-Level: AUD 150,000 - AUD 300,000 or more |
MBA in Entrepreneurship FAQs
What is an MBA in Entrepreneurship?
An MBA in Entrepreneurship is a specialized business degree that focuses on teaching skills and knowledge relevant to starting and managing businesses.
What do you learn in an MBA in Entrepreneurship program?
In this program, you'll learn about business planning, market analysis, financial management, leadership, and innovation strategies tailored for entrepreneurial ventures.
Who is an MBA in Entrepreneurship suitable for?
It's suitable for aspiring entrepreneurs who want to start their own business, individuals interested in innovation and creative problem-solving, and professionals looking to enhance their entrepreneurial skills.
What are the career prospects after completing an MBA in Entrepreneurship?
Graduates can pursue various career paths such as starting their own businesses, working in startups, consulting, venture capital, or innovation management roles in established companies.
How long does it take to complete an MBA in Entrepreneurship?
Typically, an MBA in Entrepreneurship program lasts for two years if pursued full-time. However, part-time and online options may have different durations depending on the program structure and individual pace.
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