Online Master’s Degree in Entrepreneurship

Entrepreneurs are unique individuals who have the desire and drive to build a business of their own. They must understand all aspects of business from accounting, development of products of services, and customer service. An online Master’s Degree in Entrepreneurship can provide the necessary knowledge for starting a business of any kind. Entrepreneurs come from all walks of life but are typically people who have the desire to work for themselves and want to be in control of their own futures.

Online Master’s Degrees in Entrepreneurship Requirements

Candidates for top online master’s degree in entrepreneurship programs must be risk takers and have a strong work ethic. Entrepreneurs typically work more than 40 hours, especially for the first couple of years after startup. An undergraduate minimum GPA of 2.7 is required for admission to most programs as well as a GRE or GMAT score in the top 50th percentile.

There is no specific bachelor’s degree required for online master’s degrees in entrepreneurship, but a general business degree or a bachelor’s degree in entrepreneurship can provide a good foundation for the topics covered in the program.

Candidates for the online masters degree in entrepreneurship can have a variety of career backgrounds including engineers, technology professionals, and sales people.

Online Entrepreneurship Master’s Degree Education

Top online master’s programs in entrepreneurship provide a couple of options for degrees graduates can acquire:

• Master of Business Administration in Entrepreneurship (MBA in Entrepreneurship)
• Master of Science Leadership Entrepreneurship (MS in Leadership Entrepreneurship)
• Master in Entrepreneurship (MSE)

In some schools, these online masters programs can be completed in only one calendar year.

Information on Entrepreneurship Courses

Online masters of entrepreneurship degrees typically share some of the same core curriculum as a general MBA (Master of Business Administration). Some of the content covered may include:

• Managing Organizational Behavior
  Students will gain knowledge of managing employees individually as well as in groups and how to improve performance.
• Business Modeling
  This course uses statistics and management science to educate entrepreneurs about problem solving, optimization and business modeling.
• Economic Thinking
  Economic thinking examines different aspects of the market such as unemployment, inflation, market structures, and international exchange rates and how they affect the economy.
• Service Operations Management
  In this course, learners will learn what processes and methods to use in order to manage service operations and achieve the highest customer satisfaction.
• Accounting for Decision Makers
  Students will learn to examine accounting information for making decisions about budgets, expenditures, and even product offerings.

Specializations and Concentrations

The online masters degree program in entrepreneurship does not really have specializations or concentrations, but graduates of the program can choose to specialize in several areas. Some of these are:

• Business Ownership
• Operations Management
• Mergers and Acquisitions
• Business Consulting

Careers in Entrepreneurship

There are several good career options available for graduates earning an online masters degree in entrepreneurship. The following represents a sample of these career opportunities:

• Mergers and Acquisitions Analyst
  A mergers and acquisitions analyst (M&A analyst) identifies opportunities for acquiring businesses and participates in the due diligence of those companies. The average base compensation for an M&A analyst is $62,500 per year. The outlook in the field of mergers and acquisitions is good based on current economic conditions and the fact that many companies are struggling to remain profitable.
• Chief Executive Officer
  Chief executive officers develop goals and guidelines for a corporation and ensure that these guidelines are upheld on a daily basis. Salaries for chief executive officers can vary greatly based on the industry and size of the company, but the national average is between $100,000 and $200,000 per year. Little to no growth is expected in the field, but increased competition is expected which makes a high level degree a must.
• Management Consultant/Management Analyst
  Management consultants work with corporations to improve company processes and efficiency and increase profits. Some of the issues they address include everything from organizational restructuring to team development and strategic planning. The average salary for an organizational development consultant is $70,000 annually. The US Department of Labor expects employment for management consultants to grow by 24 percent.
• Project Manager
  Projects managers oversee all aspects of a project including resources, timelines, and budgets. Salaries for level III project managers make an average of $95,000, but they can achieve salaries around $110,000 in a year. Growth outlook for IT project managers is 17 percent for the next eight years.
• Sales Executive
  Sales executives generate leads, qualify potential clients, and close sales in many industries. Base wages for senior sales executives range from $50, 000 to $100,000, but many companies also offer very lucrative incentive packages. Employment for sales executives will grow by approximately 15 percent in the next several years.

Most entrepreneurs have a broad understanding of business as well as an inner drive to make a company successful from the ground up. The best accredited online masters’ degree programs in entrepreneurship teach the foundational courses needed for entrepreneurial ventures and other career opportunities.