Masters in Entrepreneurship: Top Colleges, Salaries & Job Opportunities
Masters in Entrepreneurship is a 1-2 years program that offers a unique blend of practical skills & valuable connections. This program is for young entrepreneurs who want to develop & innovate projects & provide solutions to real-world problems. The specialisation degree offers unique business skills & generates revenue through entrepreneurial skills & actions.
The blog highlights top universities, recruiters or best companies, salaries, rankings, admission process & desired courses for pursuing a master’s in entrepreneurship.
- Should I Pursue an MSc in Entrepreneurship?
- Best Universities for Pursuing Masters in International Business: Fees, Duration & Rankings
- Syllabus of Masters in Entrepreneurship
- Eligibility Criteria for Masters in Entrepreneurship
- Scholarships for Pursuing MSc in Entrepreneurship
- Career Scope After Masters in Entrepreneurship
- Job Opportunities, Top Recruiters & Salaries after Masters in Entrepreneurship
- Apply for Masters in Entrepreneurship: Document Checklist
- Conclusion
- FAQs
Should I Pursue an MSc in Entrepreneurship?
The specialised degree allows students to launch their business ventures, and create & expand businesses & services. Students will get a chance to learn about the latest concepts, frameworks, tools & techniques to identify & implement new business opportunities. Some of the advantages of entrepreneurial skills are listed below:
- The degree helps young entrepreneurs start their businesses
- To bring new or innovative ideas to established businesses.
- The specialisation allows entrepreneurs to help & grow small businesses.
- The entrepreneurial mindset helps in risk assessment & management.
- The course offers leadership skills & allows students to learn from renowned entrepreneurs & highly skilled professors or instructors.
Best Universities for Pursuing Masters in International Business: Fees, Duration & Rankings
The best universities offer international learning platforms & allow students to intern with the best companies worldwide. The rankings, fees & duration enable students to choose the best university/college for themselves.
| University | Course Name | QS Ranking | Duration | Tuition Fee |
|---|---|---|---|---|
| The University of Melbourne | MSc of Entrepreneurship | 41 | 1 year | AUD 56,992 (INR 32,11,692) |
| University of Edinburgh Business School | Masters in Entrepreneurship & Innovation | 33 | 1 year | 24,500 GBP (INR 26,27,919) |
| Imperial College London | MSc in Innovation, Entrepreneurship & Management | 29 | 1 year | 35,000 GBP (INR 37,54,170) |
| Trinity Business School | MSc in Innovation & Entreprenuership | 31 | 1 year | €22,350 (INR 20,20,423) |
| National College of Ireland | MSc in Innovation & Entreprenuership | - | 1 year | €17,000 (INR 15,36,787) |
| Amsterdam Business School | Masters in Entrepreneurship | 43 | 1 year | €18,940 (INR 17,12,161) |
| Alliance Manchester Business School | Masters in Innovation Management & Entrepreneurship | 23 | 1 year | £30,000 (INR 22,51,611) |
Syllabus of Masters in Entrepreneurship
The master’s in Entrepreneurship combines two modules, including core and elective modules. The core modules cover business model innovation, managing growth, etc. These are the compulsory subjects/papers taught to the students.
- Business Model Innovation
- Managing Growth
- Entrepreneur Within
- Marketing for Entrepreneurs
- New Venture Creation: Initiation
- New Venture Creation: Validation
- New Product Development
- Intrapreneurship: Initiation
- Intrapreneurship: Validation
Elective Subjects
The elective modules include the subjects taught along with the core modules. These include:
- Business & Economics Internship
- Business Practicum
- Global Business Practicum
- Social Entrepreneurship
- Brand Management
- Corporate Strategy
- Negotiations
- Fintech: Blockchain in the New Economy
- Digital Product Management
- Managerial Judgement
(*the structure might vary from university to university)
Eligibility Criteria for Masters in Entrepreneurship
- Educational Background: A Bachelor’s honours degree in a related field with weighted average marks of at least 65%. Discipline related to this course includes business/economics or something similar. However, some universities might consider a three-year undergraduate degree in any related discipline & two years of work experience.
- Language Proficiency Test: The minimum IELTS/TOEFL/Duolingo/PTE/Cambridge score is required as part of the admission criteria. A score of 7.0 in IELTS is favourable for admission. A score of 94 or above is considered decent in TOEFL. In PTE, students require a minimum score of 72 or above; in Cambridge English, a score of 185 or above increases the probability of selection.
Also read – A complete guide to Masters in Marketing Courses
Scholarships for Pursuing MSc in Entrepreneurship
Scholarships are available to pursue an MSc in Entrepreneurship. Scholarships or financial aid are monetary aid offered to students to fund their dream courses without financial strain. Some of the general and Indian scholarships are listed below.
General Scholarships
- EU Regional Scholarship Programme
- Latin American Scholarship Programme
- Home Fee Scholarship Programme
Indian Scholarships
- Business & Economics Graduate Scholarship
- British Chevening Scholarship
- Commonwealth Scholarships & Fellowships Plan
Career Scope After Masters in Entrepreneurship
Entrepreneur
A master’s in Entrepreneurship allows students to launch and run their businesses or organisations. The specialisation offers leadership skills that allow individuals to start and manage their firms. The average salary of an entrepreneur falls from $135,466-158,952 (INR 1.13-1.32 core).
Business Consultant
The role of a business consultant is to advise firms/organisations on growth strategies, market expansions, etc. They are also responsible for offering training & workshops to enhance the skills of other employees. The salary of a business consultant abroad is $124,038-142,877 (INR 1-1.1 crore).
Innovation Manager
An innovation manager is responsible for idea generation, ideas evaluation & selection. Project Management, Strategy Development, and resource allocation are key roles of an innovation manager/consultant. The salary of an innovation manager abroad is $148,181-165796 (INR 1.2-1.3 crore).
Corporate Strategist
Developing long-term business strategies and market & competitive analysis are some of the key responsibilities of a corporate strategist. A corporate strategist also asses the financial risks involved in strategic initiatives, overseeing the execution of strategic plans, etc. A corporate strategist receives an average salary of $92,126-161,429 annually (INR 76 lakhs-1.3 core).
Business Development Executive
A BDM is responsible for identifying new opportunities, building relationships & driving growth within an organisation. Conduction of market research, lead generation, and client relationship management are some of the functions of the Business Development Executive. The yearly salary of a BDE abroad is $196,255-236,846 (INR 1.63-1.97 crore)
Job Opportunities, Top Recruiters & Salaries after Masters in Entrepreneurship
The Masters in Entrepreneurship & Innovation offers learning in business planning, market research and analysis, financial knowledge, and more. The top recruiters offer young professionals international platforms, high salaries, and diversified roles.
| Roles | Salaries | Top Recruiters |
|---|---|---|
| Entrepreneurs | $135,466-158,952 (INR 1.13-1.32 core) | Insight Global, Nelson, Lucas Group |
| Business Consultant | $124,038-142,877 (INR 1-1.1 crore) | Accenture, Deloitte, EY, Bain & Company, Boston Consulting Group, Wipro, IBM, KPMG |
| Innovation Manager | $148,181-165,796 (INR INR 1.2-1.3 crore) | Amazon, Accenture, Microsoft, IBM, Dell Technologies, Capgemini |
| Business Development Executive | $196,255-236,846 (INR 1.63-1.97 crore) | Oracle, Google, American Express, Amazon, Flipkart, |
| Corporate Strategist | $92,126-161429 (INR 76 lakhs-1.3 core) | Google, IBM, Accenture, Microsoft, Infosys |
Apply for Masters in Entrepreneurship: Document Checklist
- Application Form: Candidates are required to fill out the application form for their desired universities. Intake, fees, and duration play a key role in choosing a university.
- Academic Transcripts: Copies of mark sheets/academic documents are required as a part of the admission process.
- LOR & SOP: The letters of recommendation and statement of purpose act as indicators highlighting the abilities and motives of the applicant interested in pursuing a master’s in entrepreneurship. A standout SOP allows universities to understand students’ motives and passion for pursuing a specific course. Students require 2-3 LORs and one SOP for their admissions.
- Language Proficiency Test score: A good score in IELTS/PTE/TOEFL/Duolingo/Cambridge English is required for getting into your dream university.
Conclusion
Masters in Entrepreneurship offers a unique blend of theoretical and entrepreneurial skills that allow students to pursue diverse roles, open new ventures, innovate or create ideas, manage business & generate profit. Pursuing courses from the best universities in the world provides exposure & better prospects to aspiring entrepreneurs.
FAQs
Does pursuing a Master’s in Entrepreneurship bring more opportunities?
A specialised degree in entrepreneurship offers diverse roles in finance, management, business, and consulting. Some of the top roles include entrepreneurs, innovation managers, business development executives, consultants, etc. The average salary offered varies depending on the role.
Do universities offer scholarships for pursuing a master's in entrepreneurship?
Universities offer various scholarships for pursuing a course. However, the amount and types of scholarships depend on students’ nationality and the country they choose.
Does a masters in entrepreneurship require a GRE/GMAT?
No, GRE/GMAT scores are not required to pursue a master’s in entrepreneurship.
How much salary can I expect after completing an MSc in entrepreneurship?
The average salary received is INR 50,00,000-70,00,000 after completing a master’s in entrepreneurship. However, this might vary from country to country.
Can I get scholarships for pursuing an MSc in Entrepreneurship?
Yes, scholarships are offered by various universities for pursuing a master’s in entrepreneurship. We have listed the scholarships above for Indian & international students. Students can also visit the official websites of the universities to learn more about scholarships.
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.
