Career after M.Sc in Entrepreneurship & Innovation: Job Roles & Salaries Abroad
Entrepreneurship is starting your venture or enterprise to produce and offer products and services to a large-scale community. Professional courses like M.Sc in Entrepreneurship and Innovation impart the knowledge and skills relevant to starting one’s own enterprise, venture, or even working in a family-run business.
This blog will provide comprehensive information on the career aspects of an M.Sc in Entrepreneurship and Innovation, including global job opportunities, salaries, top recruiters, and payback period.
- Top Reasons to Pursue an M.Sc in Entrepreneurship & Innovation
- Popular Jobs After M.Sc in Entrepreneurship
- M.Sc in Entrepreneurship & Innovation: Popular Domain
- M.Sc in Entrepreneurship & Innovation: Country-Wise Salaries
- Salary after M.Sc in Entrepreneurship & Innovation: Experience-Wise Salary Distribution
- Payback Period for Indian Students
- Conclusion
- FAQs
Top Reasons to Pursue an M.Sc in Entrepreneurship & Innovation
The top reasons to pursue an M.Sc in Entrepreneurship and Innovation degree program are described below.
Intrapreneurship Opportunities: An M.Sc in Entrepreneurship and Innovation degree-holder employee in an entrepreneurial organisation or well-established reputed company possesses skills to perform better by innovating products and services for the customers.
Start-Up Opportunities: Graduates with a master’s degree in entrepreneurship and innovation can establish their own entrepreneurial or start-up firm, as they possess the necessary knowledge and skills in business development and management.
Role Models for Others: After setting up a successful firm, start-up owners can provide counselling and other assistance to other aspiring entrepreneurs and students in their career development initiatives.
Popular Jobs After M.Sc in Entrepreneurship
We have tabulated popular jobs after an M.Sc in Entrepreneurship & Innovation and their average annual salaries.
| Job Posts | Average Salaries (Per Year) |
|---|---|
| Product Manager | INR 30 Lakh-90 Lakh |
| Business Development Manager | INR 30 Lakh-1 Crore |
| Blockchain Developer | INR 50 Lakh-65 Lakh |
| R&D Manager | INR 60 Lakh-1 Crore |
| Account Manager | INR 40 Lakh-90 Lakh |
| Innovation Consultant | INR 60 Lakh-94 Lakh |
| Marketing Manager | INR 30 Lakh-55 Lakh |
M.Sc in Entrepreneurship & Innovation: Popular Domain
The following are some important specialisations of an M.Sc in Entrepreneurship and Innovation, which students pursue as part of their core and elective modules.
Technology Entrepreneurship: Technology entrepreneurship is all about incorporating industry-specialised professionals and assets to generate the firm’s value.
Innovation Management: Innovation management involves creating new ideas and projects for a business to thrive. It includes individuals across multiple sections of a company or enterprise, such as research and development, marketing, sales, customer service, etc.
Business Model Innovation: It provides a competitive edge over other market players in a particular industry by designing, developing, and implementing business models that meet customers’ needs and demands.
Social and Sustainable Entrepreneurship: This type of entrepreneurship offers graduates an opportunity to design and develop business models that can solve the social, economic, and environmental issues that directly impact everyone’s lives.
International Entrepreneurship: In this type of entrepreneurship, graduates can start and expand their business operations internationally by providing customer services across borders.
M.Sc in Entrepreneurship & Innovation: Country-Wise Salaries
We have tabulated popular jobs after an M.Sc in Entrepreneurship & Innovation, with their average salary in different top countries.
United States of America (USA)
An MS in Entrepreneurship and Innovation graduate in the USA can pursue the following job roles.
Some of the top recruiters are Google, Fortinet, Skycurrent, Globaldata Plc, C Space, etc.
| Job Post | Average Salary (Per Year) |
|---|---|
| Associate Account Manager | USD 49,000-78,000 (INR 40 Lakh-65 Lakh) |
| Marketing Assistant Manager | USD 48,000-69,000 (INR 39 Lakh-57 Lakh) |
| Director of Business Development | USD 99,000-140,000 (INR 82 Lakh-1.16 Crore) |
| Account Manager | USD 51,000-80,000 (INR 42 Lakh-66 Lakh) |
| Product Manager | USD 95,000-100,000 (INR 79 Lakh-83 Lakh) |
United Kingdom (UK)
After completing an M.Sc in Entrepreneurship and Innovation program from a UK university, graduates can choose to work in the following job roles.
Adobe, AgriSan, Deloitte, EY, Granicus, Virgin Atlantic Airways, PA Consulting Group, etc., are the top recruiters for M.Sc in Entrepreneurship and Innovation in the UK.
| Job Post | Average Salary (Per Year) |
|---|---|
| Blockchain Developer | GBP 46,000-78,000 (INR 51 Lakh-86 Lakh) |
| Business Advisor | GBP 24,000-47,000 (INR 26 Lakh-52 Lakh) |
| Product Owner | GBP 47,000-72,000 (INR 52 Lakh-79 Lakh) |
| Innovation Consultant | GBP 38,000-59,000 (INR 42 Lakh-65 Lakh) |
| Revenue Strategy Analyst | GBP 35,000-45,000 (INR 38 Lakh-49 Lakh) |
Canada
After completing a Master of Entrepreneurship & Innovation, graduates can pursue the following job roles.
Some of the top recruiters in Canada are Capgemini, Accenture, EY, Deloitte, Amazon, Xiaomi, and JP Morgan.
| Job Post | Average Salary (Per Year) |
|---|---|
| Venture Capitalist | CAD 46,000-62,000 (INR 50 Lakh-68 Lakh) |
| R&D Manager | CAD 72,000-94,000 (INR 79 Lakh-1.04 Crore) |
| Business Development Manager | CAD 62,000-95,000 (INR 68 Lakh-1.05 Crore) |
| Innovation Manager | CAD 73,000-85,000 (INR 80 Lakh-94 Lakh) |
| Account Manager | CAD 54,000-82,000 (INR 59 Lakh-90 Lakh) |
France
Some popular jobs after an M.Sc in Entrepreneurship & Innovation in France are tabulated below.
Top French recruiters are AEXELE, Airbnb, Amazon, AT&T, Bpifrance, Blue Sapphire Events, and Cap Gemini Invent.
| Job Post | Average Salary (Per Year) |
|---|---|
| Business Development Manager | EUR 40,000-69,000 (INR 35 Lakh-49 Lakh) |
| Product Manager | EUR 48,000-60,000 (INR 66 Lakh-92 Lakh) |
| Marketing Manager | EUR 41,000-60,000 (INR 38 Lakh-55 Lakh) |
| Business Development Manager | EUR 40,000-69,000 (INR 35 Lakh-46 Lakh) |
| Business Consultant | EUR 41,000-53,000 (INR 48 Lakh-63 Lakh) |
Germany
After completing a Master of Innovation & Entrepreneurship course in Germany, international graduates can pursue the following types of job roles. Some of the popular German recruiters are Deloitte, Bain & Company, Allianz, BCG, KPMG, Boshs Group, FTI Consulting, etc.
| Job Post | Average Salary (Per Year) |
|---|---|
| Innovation Manager | EUR 62,000-94,000 (INR 57 Lakh-87 Lakh) |
| Innovation Consultant | EUR 64,000-97,000 (INR 59 Lakh-89 Crore) |
| Business Development Advisor | EUR 68,000-74,000 (INR 63 Lakh-68 Lakh) |
| Sales Manager | EUR 48,000-60,000 (INR 44 Lakh-55 Lakh) |
| Product Manager | EUR 60,000-84,000 (INR 55 Lakh-77 Lakh) |
Australia
Some popular jobs after completing the Master of Entrepreneurship and Innovation in Australia are tabulated below.
Some of the top recruiters in Australia are Accenture, Deloitte, Woolworths Group, Wesfarmers, and WHP.
| Job Post | Average Salary (Per Year) |
|---|---|
| Product Specialist | AUD 75,000-111,000 (INR 42 Lakh-63 Lakh) |
| Marketing Manager | AUD 92,000-100,000 (INR 52 Lakh-56 Lakh) |
| Account Executive | AUD 75,000-100,000 (INR 42 Lakh-56 Lakh) |
| Growth and Operations Manager | AUD 90,000-100,000 (INR 51 Lakh-56 Lakh) |
| Innovation Analyst | AUD 87,000-100,000 (INR 49 Lakh-56 Lakh) |
Rest of Europe
In the rest of Europe, international graduates are given opportunities to work in the following job roles.
Some top recruiters are Accenture, Deloitte, Finoa, Boston Consulting Group, Bax Corporate, Eleven Lab, etc.
| Job Post | Average Salary (Per Year) |
|---|---|
| Customer Experience Manager | EUR 44,000-64,000 (INR 40 Lakh-59 Lakh) |
| Innovation Consultant | EUR 30,000-36,000 (INR 27 Lakh-33 Lakh) |
| Business Development Manager | EUR 36,000-56,000 (INR 33 Lakh-51 Lakh) |
| Business Consultant | EUR 27,000-56,000 (INR 25 Lakh-51 Lakh) |
| Product Manager | EUR 35,000-65,000 (INR 32 Lakh-60 Lakh) |
Salary after M.Sc in Entrepreneurship & Innovation: Experience-Wise Salary Distribution
We have tabulated below the variations in annual average salary globally with respect to years of work experience after an M.Sc in Entrepreneurship & Innovation.
| Years of Experience | Average Salary (Per Year) |
|---|---|
| 1-3 | INR 47 Lakh-58 Lakh |
| 3-5 | INR 58 Lakh-69 Lakh |
| 5-10 | INR 69 Lakh-78 Lakh |
| 10+ | INR 78 Lakh |
Payback Period for Indian Students
For Indian students, the payback period is referred to as the time frame in which they can recover their total investment amount, which includes tuition fees and living expenses. The total investment amount can vary depending on the country and choosen course. We can calculate the estimated payback period for several countries using the following formula.
Payback Period = Initial Investment/Total Cash Flow
Below payback period calculations are made for illustrative purposes and actual data might vary, depending on the chosen country and course.
| USA | UK | France | Germany | Canada | Australia | Rest of Europe | |
|---|---|---|---|---|---|---|---|
| AnnualTuition Fees (A) | USD 20 k-70 k | GBP 22-40 k | EUR 10-30 k | EUR 7 k-20 k | CAD 19 k-60 k | AUD 22 k-50 k | EUR 4 k-25 k |
| Annual Living Expenses (B) | USD 15-29 k | GBP 10 k-18 k | EUR 9 k-15 k | EUR 10 k-15 k | CAD 15 k-30 k | AUD 20 k-35 k | EUR 10 k-15 k |
| Course Duration (C) | 1 Year | 1 Year | 2 Year | 2 Year | 2 Year | 2 Year | 2 Year |
| Total Investment [(A+B)xC] | USD 35 k-99 k | GBP 32 k-58 k | EUR 38 k-90 k | EUR 34 k-70 k | CAD 68 k-180 k | AUD 84 k-170 k | EUR 28 k-80 k |
| Annual Salary | USD 78 k-122 k | GBP 25 k-40 k | EUR 45 k-200 k | EUR 50 k-100 k | CAD 50 k-100 k | AUD 80 k-300 k | EUR 22 k-55 k |
| Net Salary (Annual Salary-Living Expenses) | USD 63 k-93 k | GBP 15 k-22 k | EUR 36 k-185 k | EUR 40 k-85 k | CAD 35 k-70 k | AUD 60 k-265 k | EUR 12 k-40 k |
| Payback Period/ROI | 1 Year | 2 Years | 1 Year | 1 Year | 1-2 Years | 1.5 Years | 2 Years |
Conclusion
An M.Sc degree in Entrepreneurship and Innovation imparts the expertise of laying out a roadmap of entrepreneurial ideas or supporting already-running family businesses. Apart from these, entrepreneurship and innovation degree graduates can become consultants, innovation managers, incubator advisors, account executives, and business and operations managers in various industries such as automobiles, education, technology, finance and banking, business management, etc.
FAQs
Is M.Sc in Innovation and Entrepreneurship worth it?
An M.Sc in Entrepreneurship and Innovation degree program equips students with the knowledge and skills relevant to starting their venture or enterprise. The curriculum aims to impart theoretical and practical aspects of this field so that future entrepreneurs can face real-world challenges while setting up their businesses with great adaptability and resourcefulness.
Is a Master's in Entrepreneurship & Innovation a good degree?
Whether you want to set up your own business or be a part of a start-up, a master’s in entrepreneurship and innovation degree aims to build the unique skills and qualities relevant to business, management, and financial aspects that will prepare you for challenges and opportunities.
Which is better, MBA or entrepreneurship?
An MBA program cultivates and fosters managerial and leadership skills in an individual desiring to work in executive roles within already established companies, whereas an entrepreneurship degree prepares students to be emerging leaders as entrepreneurs or founders. However, pursuing a particular degree depends on personal ambitions and choices.
Can’t I become an entrepreneur without pursuing the M.Sc. in Entrepreneurship and Innovation program?
Yes, you can become an entrepreneur without having a formal education in this field. Many world-renowned entrepreneurs, such as Bill Gates, Steve Jobs, Walt Disney, Mark Zuckerberg, etc., are college dropouts or have completed their education in a field other than entrepreneurship.
What are the highly paid job roles after an M.Sc in Entrepreneurship and Innovation degree program?
After an M.Sc in Entrepreneurship and Innovation degree program, the highly paid job roles are incubation manager, business development manager, innovation consultant, account executive, account manager, product specialist, etc.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
