What is MBA Entrepreneurship Management Degree: Course, Subjects, Eligibility, Admission, Scope, Salary, Career, Job Opportunities, and More

Are you an aspiring entrepreneur or a business enthusiast looking to improve your management skills and build a successful venture? Well, an MBA in Entrepreneurship Management might be just what you need to unlock your potential. In this guide, we will explore important details about an MBA in Entrepreneurship Management. We will cover aspects like course information, admission process, career opportunities, and much more.

MBA Entrepreneurship Management Degree – Overview

Starting an entrepreneurial journey is both bold and ambitious. However, an MBA in Entrepreneurship Management can provide you with the necessary skills, knowledge, and mindset to succeed. Here’s an overview of the course:

What is MBA Entrepreneurship Management? An MBA in Entrepreneurship Management is a specialized program. It is designed to help individuals with an entrepreneurial spirit. The course empowers students to successfully create and manage their businesses. In addition, the program gives students a strong understanding of key aspects like business planning, marketing, finance, innovation, and risk management.

This program is especially important because it fosters an entrepreneurial mindset. It also aims to nurture future business leaders who can drive change.

MBA Entrepreneurship Management Course Objectives

The main goal of an MBA in Entrepreneurship Management is to achieve several key objectives. Let’s look at them:

• Skill Development: First and foremost, this course helps develop important entrepreneurial skills. These skills include leadership, creativity, and adaptability.

• Business Knowledge: Moreover, the course provides a solid foundation in business concepts, strategy, and management.

• Innovation and Risk Management: It also focuses on innovation and risk management. This helps students make better decisions.

• Networking: In addition, the program encourages networking. Students can connect with industry experts and fellow entrepreneurs.

• Business Plan Creation: Furthermore, students are trained to create comprehensive business plans. This is essential for starting a business.

• Resource Management: Finally, the course teaches how to effectively manage resources within a startup environment.

Overall, these objectives prepare students to launch their ventures. More importantly, they learn how to scale them for long-term success.

MBA Entrepreneurship Management: Course Highlights

Let’s break down the essential course details in the following table:

Full Form	MBA in Entrepreneurship Management
Course Level	Postgraduate
Course Duration	2 years
Eligibility	A bachelor’s degree with a minimum of 50% marks and often a requirement of a valid CAT or MAT score. Some institutions may conduct their entrance exams.
Course Fee	From ₹2 lakh to ₹10 lakhs or more
Examination Type	Semester examinations and project work.
Admission Process	Admission is either merit-based, through an entrance exam, or a combination of both. Candidates are typically evaluated on their academic record, entrance exam score, and performance in group discussions and personal interviews.
Average Salary After Degree	of ₹4 lakhs to ₹20 lakhs per annum
Recruiting Companies After Degree	Graduates can work in startups, family businesses, consulting firms, business development roles in larger companies, or pursue their entrepreneurial dreams.

MBA Entrepreneurship Management Course Duration

An MBA in Entrepreneurship Management is usually a two-year program. In the beginning, the first year mostly includes basic management courses. After that, the second year focuses more on entrepreneurship subjects. Moreover, many institutions include internships and project work in the course. These help students get hands-on experience.

MBA Entrepreneurship Management Course Eligibility Criteria

To apply for an MBA in Entrepreneurship Management, you usually need the following:

• A bachelor’s degree in any subject with at least 50% marks.

• A valid score in management entrance exams like CAT (Common Admission Test) or MAT (Management Aptitude Test).

• Some colleges may have their own entrance exams.

• A few years of work experience might be preferred, but it is not always needed.

Although most colleges follow these rules, some may have different eligibility. Therefore, it is always good to check the college website for their specific rules.

MBA Entrepreneurship Management Course Admission Process

The admission process for MBA in Entrepreneurship Management includes a few easy steps:

• Entrance Exam: First, you may have to take a test like CAT, MAT, or other entrance exams.

• Application: Next, you must fill out the application form and pay the fee.

• Shortlisting: Then, colleges select students based on exam scores and past marks.

• Group Discussion and Personal Interview (GD-PI): After that, selected students attend a group discussion and interview to check their speaking and thinking skills.

• Final Selection: Lastly, colleges give the final offer after checking all parts of your application.

Since every college may follow a different method, it is better to stay ready and alert. So, always read their rules carefully and apply on time.

Top Entrance Exams For MBA Entrepreneurship Management Degree in India

In India, there are many entrance exams accepted for MBA admissions, especially in Entrepreneurship Management. Here are some of the top ones:

• Common Admission Test (CAT): This is one of the most important national-level exams. It is conducted by the Indian Institutes of Management (IIMs). Many top colleges accept this exam for MBA programs.

• Management Aptitude Test (MAT): This exam is managed by the All India Management Association (AIMA). It is accepted by many B-schools across India.

• Xavier Aptitude Test (XAT): This is held by XLRI, which stands for Xavier Labour Relations Institute. It is held for colleges linked with Xavier Association of Management Institutes (XAMI).

• Symbiosis National Aptitude Test (SNAP): This test is for Symbiosis International (Deemed University). Many colleges in this group accept this score.

• Common Management Admission Test (CMAT): This is run by the National Testing Agency (NTA). It is accepted by many AICTE-approved colleges.

• State-Level Entrance Exams: Some states also have their own exams. For example, Maharashtra has the MAH CET, which is used for MBA admissions in that state.

Even though all these exams are different, they help students get into good MBA colleges. So, it is always wise to check which exams are accepted by your target colleges. Then, you can prepare well and choose the best exam for your career goals.

MBA Entrepreneurship Management Course Fees

The fees for an MBA in Entrepreneurship Management are not the same in all colleges. They often change based on the college’s name, place, and facilities.

Usually, the total cost can be between ₹2 lakh and ₹10 lakh or even more. While private colleges may charge more, government or state colleges often ask for less money.

Luckily, many colleges offer scholarships or financial aid to help bright students. Therefore, it is smart to look for colleges that give support, especially if you want to lower your fee cost.

MBA Entrepreneurship Management: Subject & Syllabus

The curriculum for an MBA in Entrepreneurship Management is meticulously designed to provide students with the knowledge and skills required for successful entrepreneurship. Here’s an overview of the subjects you might encounter:

1. Principles of Management: An introduction to management fundamentals, covering planning, organizing, directing, and controlling.
2. Marketing Management: Understanding marketing strategies and consumer behavior.
3. Financial Management: Learning financial planning, budgeting, and investment decisions.
4. Human Resource Management: Exploring HR functions, recruitment, and employee relations.
5. Operations Management: Focusing on production and operations strategies.
6. Entrepreneurship Development: Delving into the foundations of entrepreneurship, business opportunities, and idea generation.
7. Innovation and Creativity: Encouraging innovative thinking and problem-solving.
8. E-Commerce: Exploring the dynamics of online business and e-commerce platforms.
9. Business Ethics and Corporate Governance: Understanding ethical business practices and corporate responsibilities.
10. Business Plan and Project Development: Creating comprehensive business plans and managing entrepreneurship projects.
11. Venture Capital and Private Equity: Exploring funding sources and financial strategies for startups.
12. Intellectual Property Rights: Learning about patents, copyrights, and intellectual property protection.
13. Legal Aspects of Business: Understanding business laws, regulations, and compliance.
14. Strategic Management: Developing strategies for business growth and sustainability.
15. Market Research and Analysis: Conducting market research and analyzing market trends.
16. Case Studies: Analyzing real-world business cases to gain practical insights.

Please note that the syllabus may vary from one institution to another. Be sure to check the specific curriculum offered by your chosen institution.

MBA Entrepreneurship Management: Specialization

While you study MBA in Entrepreneurship Management, you can also choose a special area. These specializations help you focus better on what you love. Here are some popular choices:

• Marketing: This helps you learn about ads, buyers, and market planning.

• Finance: You get to learn about money, investments, and budgets.

• Information Technology: You also understand how to use technology in your business.

• International Business: You learn how to do business in other countries.

• Retail Management: This is all about running shops and understanding buyers.

• Family Business Management: This is helpful if you want to run your family business.

• Sustainable Business: You also learn to build a green and safe business.

So, choosing a specialization is important. It helps you follow your interest and grow your career easily.

Why Studying MBA Entrepreneurship Management is Important?

Studying MBA in Entrepreneurship Management is very useful. It also gives you many benefits. Let’s look at why it matters:

• Enhanced Skills: You not only learn to plan business ideas but also how to get money and solve problems.

• Networking Opportunities: You can meet and also talk to business leaders, experts, and other students.

• Innovation and Creativity: You always learn how to think in new ways and find smart ideas.

• Market Understanding: You also understand what the buyers want and how the market works.

• Risk Management: You learn how to look at problems early and solve them quickly.

• Business Sustainability: You learn how to grow your business and keep it running for many years.

• Personal Development: You can also become better in talking, leading, and using your time wisely.

So, this MBA program really helps you become a smart business person. It also makes you ready for the fast and changing business world.

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Salary After MBA Entrepreneurship Management Course in India

Knowing how much you can earn is also very important. So, let’s understand the salary after you finish your MBA in Entrepreneurship Management. It depends on many things like your work, the college, and even the place.

Salary Range: You may earn between ₹4 lakhs to ₹12 lakhs each year when you start. But, the exact amount may be more or less.

Here’s a simple look:

• Entry-Level: You may earn between ₹4 lakhs to ₹6 lakhs each year.

• Mid-Career: With some years of work, you may get ₹6 lakhs to ₹10 lakhs.

• Experienced Professionals: After many years and good results, you may earn ₹20 lakhs or more.

However, this field is not just about money. Many people choose entrepreneurship because they love their ideas. While you may not earn a lot in the beginning, you may do really well in the future. You may also build a big company one day.

MBA Entrepreneurship Management Future Scope in India

The scope for MBA graduates in Entrepreneurship Management in India is very wide and exciting. In fact, the startup world in India is growing very fast. Also, the government is helping new businesses in many ways. So, the future looks bright. Below are some key points to understand this scope:

• Government Initiatives: To begin with, the Indian government has started many schemes like “Make in India,” “Startup India,” and “Atmanirbhar Bharat.” These programs help and support new business owners. They also give many benefits to people starting their own business.
• Access to Funding: Moreover, it is now easier to get money to start a business. This is because of many venture capitalists, angel investors, and funding platforms in India. So, young entrepreneurs can now find support faster.
• Emerging Sectors: Besides that, many new sectors are growing in India. For example, technology, healthcare, e-commerce, renewable energy, and education. These fields are full of business chances.
• Innovation and Startups: Also, India is seeing a lot of innovation. Many startups are using new ideas and technology to solve real-life problems. So, there is always a need for smart entrepreneurs.
• Global Expansion: Not only in India, but many Indian startups are also expanding globally. This gives entrepreneurs chances to explore international markets too.
• Social Entrepreneurship: At the same time, there is a big rise in social entrepreneurship. These businesses care about society and the environment. So, they help people and nature as well.
• Education and Research: Meanwhile, more and more colleges and research centers are starting entrepreneurship programs. These help students learn and grow their business ideas.

So, with all this support, the future is very promising for MBA students in Entrepreneurship Management. They can solve real problems, grow new ideas, and help the country grow too.

Career or Job Opportunities after MBA Entrepreneurship Management Degree

After finishing an MBA in Entrepreneurship Management, students can choose from many exciting careers. Below are the top career options:

• Startup Founder/Entrepreneur: First of all, many students choose to start their own businesses. They use the skills and ideas they learned during the MBA course.

• Business Consultant: Also, you can become a consultant. You will help new businesses and give them expert advice.

• Entrepreneur in a Company: Sometimes, companies want employees to act like entrepreneurs inside the company. This helps them try new ideas.

• Business Development Manager: In this job, you will find ways to grow the business. You will also look for new markets and partnerships.

• Venture Capitalist/Investor: If you are interested in finance, you can help startups by giving them money. You also guide them.

• Product Manager: Here, you will plan and manage new products for startups. It is a very important role.

• Marketing Manager: You can also work in marketing. You will help promote the startup’s product or service.

• Sales Manager: Another option is to work in sales. You will lead the team and bring in money.

• Operations Manager: In this job, you will take care of daily business work. You will make sure everything runs smoothly.

• E-commerce Entrepreneur: With more online businesses growing, you can start your e-commerce startup.

• International Business Entrepreneur: Also, you may look at international markets and start a business there.

• Agribusiness Entrepreneur: Since India is an agriculture-based country, this field has many chances too.

• Education Entrepreneur: You can create new ways of learning and start an education-based startup.

• Healthcare Entrepreneur: Many students start businesses in healthcare. For example, telemedicine and health tech.

• Family Business Successor: Lastly, if you come from a family business, this MBA will help you manage and grow it better.

Top Companies Hiring MBA Entrepreneurship Management Graduates

Even though many students start their own businesses, others like to first work with big companies. This gives them experience. Below are some companies and sectors where MBA Entrepreneurship Management students get hired:

• Technology Sector: Firstly, tech companies like Amazon, Google, and Microsoft often hire students for new business ideas.

• Consulting Firms: Also, firms like McKinsey, BCG, and Deloitte hire graduates to help businesses grow.

• Banking and Finance: Besides that, banks and finance companies hire for roles in strategy and business planning.

• E-commerce Companies: Companies like Flipkart, Amazon, and Snapdeal need people who know about startups.

• Consumer Goods Companies: In fact, big brands like P&G, Unilever, and Nestlé want students to manage new products.

• Education Sector: Moreover, many edtech companies and schools hire students to change how learning happens.

• Venture Capital Firms: These companies help startups get money. They hire students to find and guide good startups.

• Retail and Fashion: Also, if you like fashion or shops, these companies need you for retail business ideas.

• Manufacturing Sector: You may also work with factories or product-making companies. They need ideas for growth.

• Real Estate: This sector needs people who can help in real estate planning and business growth.

• Hospitality and Tourism: Finally, you can also join hotels and travel companies and help them grow their business.

So, no matter which job you choose, your MBA in Entrepreneurship Management gives you the power to create something big.

Required Skills for MBA Entrepreneurship Management Course

To do well in an MBA in Entrepreneurship Management, you must learn many useful skills. These skills are very important. They will help you not only during the course but also after it. So, to succeed in business, you must know the following:

• Creativity: First of all, you must think in new ways and find smart ideas to solve problems.

• Leadership: Also, you should guide your team well and lead your business in the right direction.

• Communication: Next, you must speak and write clearly. This helps you share your ideas and talk to people.

• Problem-Solving: As you grow, you will face many problems. So, you must fix them quickly and calmly.

• Decision-Making: Besides that, you should take the right steps at the right time for your business.

• Risk Management: In the same way, you must learn to handle money and work risks without fear.

• Networking: After that, meeting new people will help you find chances, support, and business partners.

• Adaptability: Also, you must be ready to change when the market or world changes.

• Market Research: Then, you should know what people want by asking and learning from them.

• Sales and Marketing: At the same time, you must learn to tell people about your products and how to sell them.

• Resource Management: Moreover, you must use your time, people, and money smartly.

• Legal and Compliance Knowledge: To stay safe, you must follow the rules and laws while doing business.

• Business Planning: Besides, you should make good plans for your business to grow step by step.

• Emotional Intelligence: Not only that, but you must know your feelings and also understand others’ feelings.

In short, these important skills, along with your MBA knowledge, will surely help you succeed as an entrepreneur.

Certificate Courses after MBA Entrepreneurship Management Degree

Once you finish your MBA in Entrepreneurship Management, you may still want to grow your skills. For that, you can choose some extra certificate courses. These courses are very useful. They help you focus on one topic at a time. So, here are some good options:

• Certificate in Digital Marketing: First, this course teaches you how to use social media and online ads for your business.

• Financial Modeling and Valuation: Then, you will learn to check your business value and make strong money plans.

• Leadership and Management: Also, this course helps you lead your team and manage work better.

• Business Analytics and Data Science: In addition, you can learn how to use data to take smart business steps.

• Negotiation Skills: Next, this course teaches you how to make good deals and get better offers.

• Supply Chain Management: After that, you will know how to send and get products in the right way.

• Strategic Planning: At the same time, you will learn how to make big goals and follow them.

• Sales and Customer Relationship Management: Lastly, this course shows how to talk to buyers and make them happy.

So, these certificate courses give you extra skills. As a result, they help you become a smart and strong entrepreneur.

MBA Entrepreneurship Management or MBA in Finance, Which is Better?

Choosing between an MBA in Entrepreneurship Management and an MBA in Finance may seem tricky at first. However, it becomes easier when you know your career goals and what truly interests you.

Let us now look at both options one by one.

MBA in Entrepreneurship Management

You should choose this if:

• You have a passion for building and running businesses.

• You want to start your own company or work in the startup world.

• You enjoy thinking of new ideas and solving problems in a smart way.

• You love meeting people, making contacts, and getting advice from mentors.

• You like the idea of working independently and taking bold steps.

• You want to be your own boss and grow your dream business.

MBA in Finance

You should go for this if:

• You are deeply interested in money, finance, and the stock market.

• You dream of working in investment banking, corporate finance, or financial planning.

• You enjoy analyzing numbers, understanding risk, and handling big portfolios.

• You like to work in well-known banks or big companies instead of startups.

• You want a job with a stable career path and steady income.

• You wish to become a finance expert and help businesses manage money better.

Read More: What is MBA Finance Degree: Course, Subjects, Eligibility, Admission, Scope, Salary, Career, Job Opportunities, and More

In short, both MBA courses are great choices. Still, they take you on very different paths.

If you enjoy business creation, freedom, and challenges, then the MBA in Entrepreneurship Management is the right path for you.

But if you love numbers, planning, and working in big financial firms, then you should choose the MBA in Finance.

So, think about what makes you happy, what you love doing, and what kind of future you see for yourself.

How to Choose the Top MBA Entrepreneurship Management College?

Choosing the right MBA in Entrepreneurship Management college is a big step. It can shape your future career. Therefore, it’s important to think carefully.​

Here are some points to help you decide:

• Accreditation: First, check if the college is recognized by the government. This ensures that the education is of good quality.​

• Faculty: Next, look at the teachers’ experience. Good teachers can guide you well.​

• Curriculum: Also, review the subjects offered. Make sure they match your interests.​

• Placement Record: Moreover, find out how many students get good jobs after graduation. This shows the college’s success.​

• Entrepreneurship Support: Additionally, see if the college helps students start their own businesses. Support like this is valuable.​

• Infrastructure: Furthermore, check the facilities like libraries and labs. Good facilities help in learning.​

• Alumni Network: Besides, a strong alumni network can offer guidance and opportunities.​

• Location: Also, consider the college’s location. Being near business hubs can be beneficial.​

• Cost and Scholarships: Importantly, look at the fees and available scholarships. This helps in planning finances.​

• Student Reviews: Lastly, read what current and past students say about the college. Their experiences can provide insights.

Remember, choosing a college is a personal decision. Take your time, think about your goals, and choose wisely.

Top Colleges for MBA Entrepreneurship Management Degree in India

1. Indian Institute of Management Bangalore (IIMB), Karnataka

IIMB is well-known for its excellent business courses. It also offers strong support through its startup center, which helps students turn their ideas into real businesses.

2. Symbiosis Institute of Business Management (SIBM), Pune

SIBM focuses on entrepreneurship and offers great training for those wanting to manage businesses. Moreover, it provides students with mentorship and guidance to help them grow their startups.

3. Narsee Monjee Institute of Management Studies (NMIMS), Mumbai

NMIMS offers a comprehensive course on entrepreneurship. In addition, it has a startup cell to assist students with resources and support to start their own ventures.

4. XLRI – Xavier School of Management, Jamshedpur

XLRI’s program teaches valuable business skills and offers support for planning and funding startups. This makes it a great choice for aspiring entrepreneurs.

5. Indian Institute of Foreign Trade (IIFT), Delhi

IIFT provides a global perspective on business. In addition, it offers great resources for students interested in starting businesses and expanding into international markets.

6. Amity Business School, Noida

Amity offers practical courses with real-life business experiences. Moreover, it has a startup lab and mentorship programs that help students develop their business ideas.

7. Entrepreneurship Development Institute of India (EDII), Ahmedabad

EDII is focused entirely on entrepreneurship. It offers expert guidance and resources to help students turn their business ideas into successful ventures.

8. IIM Kozhikode, Kerala

IIM Kozhikode provides excellent business courses with strong support for startups, ensuring students gain valuable real-world experience.

9. SP Jain Institute of Management and Research (SPJIMR), Mumbai

SPJIMR connects students with business leaders, giving them opportunities to learn from successful entrepreneurs.

10. Lovely Professional University (LPU), Punjab

LPU’s MBA program offers practical skills for startup success, along with training and events to support student businesses.

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Key Takeaway

Pursuing an MBA in Entrepreneurship Management can be life-changing. In fact, it gives you the knowledge, skills, and confidence to start your own business or grow in a company. In India, the future for entrepreneurs is bright. Because of many government programs and the fast growth of startups, there are many chances.

As mentioned earlier, choosing the right college is very important. Once you do that, you should focus on your area of interest. Along with that, keep learning and building your skills. Even though the path may be tough sometimes, with hard work, it brings many rewards.

All in all, if you are ready to learn and grow, this course can help you start a successful and happy entrepreneurial journey.