MBA in Entrepreneurship
An MBA in entrepreneurship is quickly gaining popularity and is second only to a specialization in international management. Owning and running your own business is certainly the dream of a large number of people. The reality however is that most businesses never make it past their first couple of years which could be the result of many factors. The product or service may have been a great idea but the location was not appropriate or in some cases the owners of the new venture expected to draw a salary in the first year of operation. With the competitive nature and global environment of todays market place earning an MBA in Entrepreneurship can certainly make the difference between a successful business that continues to grow and flourish or one that simply becomes another statistic.
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A degree in MBA entrepreneurship is also a valuable degree to becoming successful and moving ahead in large business organizations. These companies depend highly on their management teams to ensure that they stay ahead of the competition and keep their competitive edge in the marketplace. They need professionals trained in business that can keep the organization apprised of the latest business trends and when to buy into them or when to take a step back.
The top business schools are also seeing a trend in students who are pursuing an MBA in entrepreneurship with the goal of working for or starting their own business that is primarily meant to benefit society in some way. In order to fill this increasing need many colleges and universities world wide have developed electives in the area of social entrepreneurship. Many people are excited about this trend and see it as a positive step in coming up with innovative and lasting solutions to the important issues of today such as childrens health, poverty as well as the general and overall health of our planet.
The top business schools that offer MBA entrepreneurship programs are:
- Babson College- this business school boasts well known researchers along with a faculty of professional and successful entrepreneurs. Babson combines academic excellence with ample opportunity for hands-on experience.
- Carnegie Mellon University - One in eight students at Tepper School of Business are studying for their MBA in entrepreneurship. Carnegie Mellon gives high regard to all new and innovative business ideas.
- Cornell University - The Johnson School at Cornell provides a truly hands-on entrepreneurial experience in a supportive environment. Its law students provide advice that is affordable and given with the help of their professional faculty and experienced lawyers. With their own venture fund which is managed by the students, startup funds are also available for new businesses.
- Harvard University Harvard business school regards entrepreneurship as both practically and academically genuine pursuits. With such renowned guest lecturers as Jeff Bezos (founder of Amazon.com) and Oprah Winfrey, students benefit greatly from todays top entrepreneurs.
Other top colleges and universities that understand the importance of entrepreneurship in both the local and global economy by offering MBA entrepreneurship programs either on campus, through distance education or a combination of delivery methods are:
- Howard University The Howard University School of Business in Washington
- Indiana University the Kelley School of Business in Bloomington
- Northwestern University the Kellogg School of Management in Evanston
- Stanford University The Stanford Graduate School of Business in Stanford
- University of California The Anderson School of Management in Los Angeles and the Haas School of Business in Berkeley
As society become more cognizant of the relationship between business and the welfare of its citizens as well as the health and sustainability of our planet, new and exciting entrepreneurship opportunities are emerging for those that have the skills to take advantage of them.
