America's largest companies would not exist without entrepreneurs — individuals possessing the business acumen necessary to build a business from nothing. Successful entrepreneurs often work in top executive roles, such as chief executive officer or chief financial officer. The Bureau of Labor Statistics (BLS) reports that these professionals earn a median salary of $107,680 per year. The BLS projects employment for these professionals to increase 4% from 2019-2029.
Individuals interested in working for themselves can research MBA in entrepreneurship programs. These programs deliver the knowledge and skills entrepreneurs need to start a business or assist others working toward the same goal. Many universities offer this degree online, which can benefit both recent college graduates and busy working professionals.
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Why Get a Degree in Entrepreneurship?
Students typically earn an entrepreneurship degree to start a business and work for themselves. However, core courses impart knowledge and skills that apply to many careers in business. Some universities use a cohort learning model, in which students progress through the program in groups.
Many online programs feature benefits such as asynchronous curricula. Degree-seekers learning asynchronously do not need to log in at set times and can complete assignments around other responsibilities. This flexibility allows many students to continue working while in school.
Courses in Entrepreneurship
MBA in entrepreneurship programs train students to start and run small businesses. Course topics typically include analyzing financial data, learning from companies' successes and mistakes, working with stakeholders, and following ethical and legal guidelines. Online MBA programs with a specialization in entrepreneurship feature the same core business coursework that all MBA students complete.
The following sample curriculum highlights core MBA courses and classes specific to an entrepreneurship concentration. Course names and requirements vary among universities. Learners should contact an academic advisor for details about their prospective school's MBA in entrepreneurship program. Online course catalogs also provide in-depth course information.
Leading People and Organizations
The course introduces students to leadership best practices, including techniques related to effective communication, emotional intelligence, and compassion. Degree-seekers take self-assessments to evaluate their emotional intelligence and use the results to improve their interpersonal skills. Learners also develop a personal leadership plan focusing on long-term growth.Measuring Success in an Organization
Top executives and other professionals with an MBA in entrepreneurship must interpret financial documents and adapt to market and business trends. The course emphasizes these skills and covers analytical techniques, financial management fundamentals, and accounting best practices. Degree-seekers practice using the latest industry software.Entrepreneurship and Small Business Management
Students in this capstone course typically craft a business plan or complete an internship. Through either experience, learners demonstrate proficiency with research and marketing skills, taxes, and venture capital. Students may also keep a journal and give a presentation to faculty and peers.
Calculating the Cost of a College Degree
To calculate the monthly out-of-pocket cost for an entrepreneurship degree, students should compare the tuition rate to their cost of living and financial aid. The following calculation tool removes the guesswork and delivers a result in seconds. A figure lower than expected monthly tuition costs indicates the user should pursue additional institutional, government, or private financial aid opportunities.
Break down your current financial situation, and receive a college tuition estimate you can afford to pay.
How Much Does an Entrepreneurship Degree Cost?
Public universities typically offer in-state students the most affordable tuition rates. Out-of-state learners and students at private schools usually pay higher rates. However, some public institutions charge all online learners in-state tuition rates, regardless of residency. Both private and public schools usually charge fees, such as technology fees for online learners.
Entrepreneurship MBA Cost Survey
| Type of MBA |
Number of MBA Students |
Average MBA Cost |
MBA Cost vs Total Average |
| Entrepreneurship |
16 |
$37,437.50 |
+$3,740.71 |
| Fully on-campus |
4 |
$48,250.00 |
+$14,553.21 |
| Fully online |
2 |
$95,000.00 |
+$61,303.21 |
| Hybrid |
5 |
$21,800.00 |
-$11,896.79 |
| Online with a few on-campus visits required |
5 |
$21,400.00 |
-$12,296.79 |
*Average cost of an MBA used from survey: $33,696.79
MBA in entrepreneurship degree-seekers often save money by learning online. Distance learners do not usually pay for a dorm room or meal plan. Additionally, some schools exempt online students from fees funding on-campus services.
Many universities offer tuition-reduction programs for alumni and their dependents, Peace Corps volunteers, and military veterans. Christian schools may offer reduced tuition rates for denomination members and lay ministers. Prospective students can explore these opportunities through each school's website and by contacting a financial aid advisor.
AffordableCollegesOnline.org is an advertising-supported site. Featured or trusted partner programs and all school search, finder, or match results are for schools that compensate us. This compensation does not influence our school rankings, resource guides, or other editorially-independent information published on this site.
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How Much Do Entrepreneurship Majors Make?
Industry and geographic location affect salary potential significantly. According to BLS data, top executives working in the manufacturing and technical services sectors earn a median annual salary more than $100,000 higher than the profession's median. Additionally, chief executives in South Dakota, New Jersey, and the District of Columbia earn the highest average salaries.
Entrepreneurship graduates who do not start a business often pursue lucrative positions such as financial manager, sales manager, and human resources manager. These and related careers may require additional training or on-the-job experience.
Earning a certificate can help entrepreneurs increase their salary potential. A certificate demonstrates that the holder possesses skills necessary to start a business, manage finances, or hire employees. Many reputable universities offer certificate programs, and most take 12 months or fewer to complete. Individuals can also improve their marketability by earning a certification from a professional organization.
Certifications and Licensure for Entrepreneurship
Professionals with an entrepreneurship MBA may need a license or certification to pursue certain career goals. Requirements may involve taking a course, passing an exam, and joining an organization. To qualify for renewal, individuals must often take professional development classes. Degree-seekers can contact a career advisor for help exploring relevant licenses and certifications.
Entrepreneurs starting a business may need one or more licenses from a federal, state, or local government agency. To obtain licensure, applicants must often complete forms, pay a fee, and meet with a government official. Some licenses require periodic, unannounced inspections. Business owners typically renew their license annually.
This certification course covers 11 essential skills for entrepreneurs, including affiliate marketing, online business fundamentals, and graphic design. Learners also prepare to analyze online traffic and use social media to attract new clients. Each course module features a different instructor, with extensive entrepreneurial experience.
Entrepreneurs earn this certification to become more effective communicators, master new software suites, and develop an online business. The certification course includes nine modules covering introductory topics, making this credential an excellent choice for professionals with little to no business experience. Individuals retain access to course materials after earning the certification.
Scholarships for Entrepreneurship
Universities offering an MBA in entrepreneurship often feature institutional or departmental financial aid. However, students may need additional financial assistance to avoid debt. Learners can minimize their loan amounts by applying for private scholarship opportunities. The following awards accept applications in 2021 from business students.
BOTH Scholarships
Who Can Apply: Undergraduate and graduate African American students majoring in a business-related topic may qualify for this award. Applicants must submit proof of enrollment and an essay responding to one of two prompts.
Amount: $1,000
Explore Here
Joseph Zukin Jr. Scholarship for Entrepreneurship
Who Can Apply: This scholarship from the Foundation for Outdoor Advertising Research & Education supports undergraduate and graduate students preparing for entrepreneurial careers. Applicants submit FAFSA results and a personal essay.
Amount: $5,000
Explore Here
Lily Pabilona Emerging Entrepreneur Scholarship
Who Can Apply: Asian American students with a minimum 3.0 GPA may qualify for this competitive scholarship from Against The Grain Productions. Candidates must also have operated a small business for at least one year.
Amount: $1,000-$5,000
Explore Here
Online MBA in Entrepreneurship Programs
#1 Online MBA In Entrepreneurship
The University of Texas Rio Grande Valley
- Edinburg, TX
- 4 years
- Online + Campus
The University of Texas Rio Grande Valley offers master's programs that prepare students for new job opportunities and career advancement. This institution offers online and on-campus master's degree options such as an MBA in entrepreneurship. Graduate students learn through video lectures, assignments, and class discussions. Online students can expect to earn their master's degree within two years. The MBA program may offer part-time enrollment for students who require more time.
Since the institution holds accreditation, it can issue federal financial aid. While earning a master's, students gain the knowledge and skills necessary to secure roles in their field.
The University of Texas Rio Grande Valley Fast Facts:
Total Online Student Enrollment: 14,840
Online Master's Program Totals: 17
Graduate School Tuition Rate: $5,959 in-state; $13,555 out-of-state
Average Aid Per Student: $9,475
Average Price With Financial Aid: $4,654
The school holds accreditation from the Southern Association of Colleges and Schools Commission on Colleges.
Percent Online Enrollment
51%
Percentage of all students who are enrolled online.
Accreditation
Yes
Southern Association of Colleges and Schools Commission on Colleges
#2 Online MBA In Entrepreneurship
University of Massachusetts Amherst
- Amherst, MA
- 4 years
- Online + Campus
The University of Massachusetts Amherst is a leader in online learning. This institution offers online and on-campus master's degree options. Online students often save money on transportation, childcare, and other expenses. Learners in the MBA in entrepreneurship program interact through class discussions, and the program also uses video lectures and assignments.
The school can provide federal financial aid as an accredited institution. The admission rate for all incoming students is 64%.
University of Massachusetts Amherst at a Glance:
Number of Students Enrolled Online: 4,643
Distance Learning Master's Programs: 8
Tuition for Grad Students: $14,014 in-state; $29,529 out-of-state
Average Aid Per Student: $7,894
Average Price After Aid: $22,927
University of Massachusetts Amherst is accredited by the New England Commission on Higher Education, an independent accrediting agency.
Percent Online Enrollment
15%
Percentage of all students who are enrolled online.
Accreditation
Yes
New England Commission on Higher Education
#3 Online MBA In Entrepreneurship
Ohio University
- Athens, OH
- 4 years
- Online + Campus
Undergraduate and graduate degree-seekers can pursue Ohio University's programs online or in person. The school delivers 23 master's programs online.
Degree-seekers interested in entrepreneurship can enroll in the online MBA in business venturing and entrepreneurship from the institution. Graduates often benefit from increased career opportunities after earning their master's degree. The school offers support services, including academic advising and career counseling, for graduate students.
Online enrollees at the school pay affordable tuition rates. At the accredited institution, students who demonstrate financial need can qualify for federal aid. Learners may also fund their studies through scholarships and fellowships.
Ohio University at a Glance:
Price Per Credit: $820
Students Receiving Aid: 94%
Students Receiving Loans: 51%
Total Master's Programs: 94
Total Online Master's Programs: 94
Transfer Credits Permitted: No
Percent Online Enrollment
48%
Percentage of all students who are enrolled online.
Accreditation
Yes
Higher Learning Commission
#4 Online MBA In Entrepreneurship
University of Louisiana at Lafayette
- Lafayette, LA
- 4 years
- Online + Campus
Distance learners can pursue high-quality online graduate programs from the University of Louisiana at Lafayette. In addition to educating students at its Louisiana campus, the public institution delivers six master's programs for online students. Graduate degree-seekers can enroll in the MBA in entrepreneurship. The online program's flexible scheduling options can make it easier for busy students to complete degree requirements.
Learners develop transferable skills through core coursework and specialize during advanced classes. Specialized electives and experiential learning opportunities allow students to customize the program based on their goals and interests. Master's programs typically take 1-2 years for full-time master's degree-seekers to complete. Admissions advisors provide prospective learners with program-specific application details.
The school charges online learners affordable tuition rates, making graduate studies more accessible. The institution's graduate tuition rates average $5,511 for in-state students and $19,239 for out-of-state students. Degree-seekers in the school's online programs pay an average of $388 per credit. The institution holds accreditation, which means enrollees can submit the FAFSA to receive federal grants and loans. At the school, 96% of students fund their education through financial aid.
Percent Online Enrollment
39%
Percentage of all students who are enrolled online.
Accreditation
Yes
Southern Association of Colleges and Schools Commission on Colleges
#5 Online MBA In Entrepreneurship
Cedarville University
- Cedarville, OH
- 4 years
- Online + Campus
Based in Ohio, Cedarville University educates degree-seekers through in-person and flexible online programs. Learners can pursue graduate degrees online or on campus. The institution's MBA in innovation and entrepreneurship prepares online students to succeed in careers as entrepreneurs.
In addition to rigorous coursework, the master's program prepares enrollees for careers through academic and career advising. The online program's scheduling flexibility is ideal for learners balancing academics with personal and professional obligations. Degree-seekers enrolled full time typically need 1-2 years to graduate with a master's in entrepreneurship.
The institution holds accreditation, which means students can qualify for federal financial aid programs. Of the school's enrollees, 46% use student loans to pay for their education. Additionally, 100% of learners receive financial aid.
Cedarville University Numbers:
Total Programs: 88
Number of Online Programs: 10
Online Master's Programs: 6
Number of Online Students: 1,535
Religious Affiliation: Christian
Transfer Credits Allowed: No
Percent Online Enrollment
36%
Percentage of all students who are enrolled online.
Accreditation
Yes
Higher Learning Commission
#6 Online MBA In Entrepreneurship
Bay Path University
- Longmeadow, MA
- 4 years
- Online + Campus
Bay Path University delivers high-quality online programs for distance learners. In addition to educating students at its Massachusetts campus, the private institution enrolls students in 31 online programs. The school's academic offerings include an MBA in entrepreneurial thinking and innovative practices for graduate degree-seekers interested in the field. With flexible enrollment options, the online entrepreneurship program appeals to busy adults and working professionals.
Learners in the program take core courses and advanced classes. Students prepare for specialized careers and gain theoretical and practical knowledge during experiential learning opportunities. Master's degree-seekers typically graduate in 1-2 years, unless enrolled part time. For specific application details, including requirements and deadlines, prospective learners can contact an admissions advisor.
The school's affordable tuition rates make graduate studies more accessible. Residents of Massachusetts pay an average graduate tuition rate of $14,670 at the institution. Enrollees with financial need can apply for federal grants and loans. According to the school, 95% of the student body receives financial aid to fund their education.
Percent Online Enrollment
62%
Percentage of all students who are enrolled online.
Accreditation
Yes
New England Commission on Higher Education
#7 Online MBA In Entrepreneurship
Babson College
- Wellesley, MA
- 4 years
- Online + Campus
Degree-seekers can enroll in online and in-person programs from Babson College.
The institution delivers an online MBA in entrepreneurship that is ideal for busy degree-seekers interested in advancing their skills. The flexible course options and rigorous curriculum allow professionals to launch or advance their career. Master's students can take advantage of faculty mentorship, experiential learning programs, and career counseling.
The school's affordable tuition rates make it easier for enrollees to pursue graduate degrees. Students at the accredited institution can receive federal financial aid. Learners who need additional funding can secure private scholarships and institutional fellowships.
Babson College Fast Facts:
Average Fee Per Credit: $1,888
Students Receiving Aid: 51%
Students Receiving Loans: 31%
Accepts Transfer Credits: No
Percent Online Enrollment
1%
Percentage of all students who are enrolled online.
Accreditation
Yes
New England Commission on Higher Education
#8 Online MBA In Entrepreneurship
Syracuse University
- Syracuse, NY
- 4 years
- Online + Campus
Based in New York State, Syracuse University educates undergraduate and graduate degree-seekers on campus and online. In addition to in-person graduate programs, the school provides virtual learning options. Students at the institution can pursue an online MBA in entrepreneurship.
Enrollees complete rigorous coursework and can access faculty and career advising. The online entrepreneurship program's scheduling flexibility is ideal for learners balancing academics with personal and professional obligations. Full-time master's students can typically complete their degree in 1-2 years.
Students at the accredited institution can receive federal financial aid. To pay for their degree, 42% of the school's enrollees take out loans, which they must repay after graduation. In addition, financial aid assists 82% of the institution's learners with the cost of their education.
Syracuse University at a Glance:
Total Programs: 368
Number of Online Programs: 40
Online Master's Programs: 123
Number of Online Students: 3,353
Per-Credit Cost: $1,751
Religious Affiliation: Non-affiliated
Offers Transfer Credits: Yes
Percent Online Enrollment
15%
Percentage of all students who are enrolled online.
Accreditation
Yes
Middle States Commission on Higher Education
#9 Online MBA In Entrepreneurship
Trevecca Nazarene University
- Nashville, TN
- 4 years
- Online + Campus
Trevecca Nazarene University educates undergraduate and graduate degree-seekers from its campus in Nashville, Tennessee. Learners can choose from in-person and online learning formats. Students interested in careers as entrepreneurs benefit from the accessibility of the MBA in entrepreneurship.
Enrollees prepare to enter the workforce by completing rigorous coursework and receiving faculty mentorship and career advising. The online entrepreneurship program's scheduling flexibility is ideal for learners balancing academics with personal and professional obligations. Master's degree-seekers typically graduate with their degree in 1-2 years.
At the accredited institution, graduate students qualify for federal aid programs and other forms of financial aid. Of the student body, 51% fund their education through loans. Financial aid helps 100% of the institution's learners pay for their studies.
Trevecca Nazarene University Numbers:
Total Programs: 105
Number of Online Programs: 37
Online Master's Programs: 19
Number of Online Students: 1,759
Religious Affiliation: Christian
Grants Transfer Credits: No
Percent Online Enrollment
43%
Percentage of all students who are enrolled online.
Accreditation
Yes
Southern Association of Colleges and Schools Commission on Colleges
#10 Online MBA In Entrepreneurship
Concordia University Wisconsin
- Mequon, WI
- 4 years
- Online + Campus
Degree-seekers can enroll in undergraduate and graduate programs from Concordia University Wisconsin. In addition to on-campus graduate programs, the school offers a variety of online programs. Students at the institution can pursue an online MBA in innovation and entrepreneurship.
The rigorous curriculum, combined with academic and career advising, prepares enrollees for careers as entrepreneurs. The online program is ideal for learners with busy schedules. While most master's programs require 1-2 years, part-time degree-seekers may take longer to graduate.
Students at the accredited institution can qualify for federal grants and loans. The school reports that 55% of enrollees take out loans. In addition, 100% of students receive some form of financial aid to cover degree costs.
Concordia University Wisconsin Fast Facts:
Total Programs: 130
Number of Online Programs: 51
Online Master's Programs: 37
Number of Online Students: 2,242
Religious Affiliation: Christian
Transfer Credits Allowed: No
Percent Online Enrollment
39%
Percentage of all students who are enrolled online.
Accreditation
Yes
Higher Learning Commission
Learn More About Online MBA Programs
Survey Methodology
All data was collected between 6/14/21 and 7/3/21. Respondents were fielded by Lucid LLC. All 343 respondents in the study were screened by multiple quality checks, including systems like Relevant ID, and responses were manually reviewed to ensure consistency and accuracy. Survey participants include 169 currently enrolled MBA students and 174 graduates from MBA programs within the past 6 years. Respondents are between 21 and 78 years of age and identified as 45% Female, 54% Male, and 1% non-binary.
Student testimonials have generally been obtained with the offer of compensation for completion of a survey (e.g., entrance into a gift card drawing). Such testimonials are the opinions of such students and surveys are designed to avoid influencing such testimonials either positively or negatively. All student respondents were supplied by Lucid LLC.
MBA Entrepreneurship Students Frequently Asked Questions
What kind of job can I get with an entrepreneurship degree?
Popular industries for professionals with an MBA in entrepreneurship include sales, marketing, and finance. Graduates can also pursue opportunities in analytics and data management.
What is the starting salary for an entrepreneur?
When starting a business, entrepreneurs often earn low salaries for at least five years. Some professionals need up to nine years to attain a salary comparable to what similar companies offer managers.
Is an MBA good for entrepreneurs?
Students earning an entrepreneurship MBA degree often receive opportunities to network with like-minded peers, master business fundamentals, and learn from experienced entrepreneurs.
What is taught in an MBA entrepreneurship degree program?
While earning an MBA in entrepreneurship, learners analyze topics such as business ethics, social responsibility, and risk assessment. Motivated degree-seekers often supplement their education with an internship.
