The Best MBAs in Entrepreneurship

Learn about MBAs in entrepreneurship, including admission requirements, curricula, delivery formats, career paths, and info about top-rated programs.
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Valerie Black has over 12 years of experience as a professor and 10 years in journalism. She empowers students to leverage the resources that are available but not easily accessible. Her focus is in online education, rich content, and digital storyte...
Updated on December 2, 2023
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www.bestcolleges.com 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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Entrepreneurs use creativity and industry knowledge to strategize innovative business solutions. Whether you hope to start your own business or build a career within an existing company, earning an MBA can help you gain credibility, learn crucial business principles, and network with established entrepreneurs.

Like most graduate degrees, an MBA is a significant financial investment. According to data collected by BestColleges, the total tuition for an MBA program typically ranges from $35,000-$85,000. However, the actual costs depend on several factors. For example, there is usually a significant discrepancy between expenses at private and public universities. Costs might also differ for part-time and full-time learners.

According to the Bureau of Labor Statistics (BLS), sales managers earned a median annual salary of $130,600 as of 2022.

Many online MBA in entrepreneurship programs take 18-54 months to complete. For distance learners, particularly those enrolled in asynchronous programs, length can fluctuate based on course schedule and individual work pace.

Many graduates find the career prospects of an MBA attractive. Often, graduates with this degree pursue careers as business executives, market research analysts, and sales managers.

Many careers available to graduates with an online MBA in entrepreneurship are especially lucrative. For example, according to the Bureau of Labor Statistics (BLS), sales managers earned a median annual salary of $130,600 as of 2022.

Best Online MBA in Entrepreneurship Programs

  1. University of North Carolina at Chapel Hill
    Location

    Chapel Hill, NC

    The University of North Carolina at Chapel Hill is the state's flagship public institution, and it offers a fully online MBA with a focus on entrepreneurship. Students pursuing this degree tackle core business coursework and entrepreneurship concentrations courses such as business strategy, managing innovation, and introduction to entrepreneurship.

    Applicants to this flexible online MBA program must complete an online application and have at least two years of relevant business experience. Prospective students without at least five years of professional experience must also submit GRE or GMAT scores.


    Program Snapshot

    • Program URL: Visit Program
    • Program Accreditation: Association to Advance Collegiate Schools of Business
    • Cost-per-credit: $2,025.63
    • Program Length: 18-36 months
    • Total Credits Required to Graduate: 62 credits
    • Format: Online
    • School Status: Public

    University of North Carolina at Chapel Hill is accredited by Southern Association of Colleges and Schools Commission on Colleges.

  2. Johns Hopkins University
    Location

    Baltimore, MD

    Johns Hopkins University offers a flexible online MBA with a concentration in entrepreneurship that typically takes students three years to complete. In addition to online coursework, degree-seekers must take three courses that include multi-day onsite components. While pursuing their degree, students complete core classes alongside concentration coursework that covers topics such as entrepreneurial finance, entrepreneurial ventures, and new product development.

    Prospective students must have at least two years of post-bachelor's work experience and provide GMAT or GRE scores.


    Program Snapshot

    • Program URL: Visit Program
    • Program Accreditation: Association to Advance Collegiate Schools of Business
    • Cost-per-credit: $1,650
    • Program Length: 3 years
    • Total Credits Required to Graduate: 54 credits
    • Format: Hybrid
    • School Status: Private

    Johns Hopkins University is accredited by Middle States Commission on Higher Education.

  3. University of Illinois at Urbana-Champaign
    Location

    Champaign, IL

    The University of Illinois at Champaign-Urbana provides a fully online MBA and boasts a global alumni network exceeding 470,000 individuals. Designed as a flexible program for working professionals, the innovation: from creativity to entrepreneurship specialization help learners develop an entrepreneurial mindset through classes like strategic innovation and fostering creative thinking. Before graduation, students also complete a capstone project.

    Interested students must submit an online application along with a current resume, three letters of recommendation, and official transcripts. GRE or GMAT scores are optional.


    Program Snapshot

    • Program URL: Visit Program
    • Cost-per-credit: $302
    • Format: Online
    • Instruction Style: Both
    • School Status: Public

    University of Illinois at Urbana-Champaign is accredited by Higher Learning Commission.

  4. Babson College
    Location

    Wellesley, MA

    Located in Babson Park, Massachusetts, Babson College offers an MBA in entrepreneurship that students can complete entirely online. This program keeps the working professional in mind, allowing students to complete asynchronous coursework largely at their own pace. Learners can complete this degree in 18 months.

    Interested students must complete an online application and submit academic transcripts, professional recommendations, and a current resume. Due to COVID-19, 2021 applicants do not need to submit GRE or GMAT test scores.


    Program Snapshot

    • Program URL: Visit Program
    • Cost-per-credit: $1,990
    • Program Length: 18 months - 3 years
    • Format: Online or hybrid
    • Instruction Style: Asynchronous
    • School Status: Private

    Babson College is accredited by New England Commission on Higher Education.

  5. Pennsylvania State University
    Location

    University Park, PA

    Penn State's World Campus offers an extensive network of online degrees, including an online MBA with a concentration in corporate innovation and entrepreneurship. In addition to 39 credits of core MBA classes, students tackle entrepreneurship topics including business modeling, emerging trends, and corporate innovation strategies.

    Prospective students must hold a bachelor's degree from a regionally accredited institution. While the program does not require prerequisite classes, coursework like accounting, economics, and statistics typically strengthens an application. Before their first semester, new students take part in a residency experience that introduces them to the program.


    Program Snapshot

    • Program URL: Visit Program
    • Cost-per-credit: $1,236
    • Total Credits Required to Graduate: 48 credits
    • Format: Online
    • Instruction Style: Asynchronous
    • School Status: Public

    Pennsylvania State University is accredited by Middle States Commission on Higher Education.

  6. University of Massachusetts - Amherst
    Location

    Amherst, MA

    UMass Amherst offers a flexible online MBA in entrepreneurship through its Isenberg School of Management. Mirroring the rigor of its on-campus offering, this MBA is well-suited for working professionals looking to boost their career options and increase earning potential. Degree-seekers typically graduate in two years, supplementing core requirements with entrepreneurship classes like fundamentals of product marketing and strategic technological innovation management.

    Applicants must have at least three years of post-bachelor's professional experience. High-performing students may be eligible for a GRE/GMAT waiver depending on their prior academic and professional achievements.


    Program Snapshot

    • Program URL: Visit Program
    • Cost-per-credit: $2,081 for in-state students; $4,043 for out-of-state students
    • Total Credits Required to Graduate: 45 credits
    • Format: Online or hybrid
    • Instruction Style: Asynchronous
    • School Status: Public

    University of Massachusetts - Amherst is accredited by New England Commission on Higher Education.

  7. Ohio University
    Location

    Athens, OH

    Established in 1804, the Athens-based Ohio University provides an entirely online MBA with a concentration in business venturing and entrepreneurship. Students can graduate from this program in two years and complete concentration coursework covering new venture creation, managing innovation, and concept development.

    Interested students must complete an online application and supply official transcripts, two letters of recommendation, and a current resume. The program does not require standardized test scores, but prospective students must have at least two years of professional experience.


    Program Snapshot

    • Program URL: Visit Program
    • Program Accreditation: Association to Advance Collegiate Schools of Business
    • Cost-per-credit: $1,028 for in-state students; $1,047 for out-of-state students
    • Program Length: 2 years
    • Total Credits Required to Graduate: 35 semester credit hours
    • Format: Online
    • Instruction Style: Both
    • School Status: Public

    Ohio University is accredited by Higher Learning Commission.

  8. University of Arizona
    Location

    Tucson, AZ

    The University of Arizona's Eller College of Management offers a flexible MBA with a concentration in entrepreneurship. Students can complete this program entirely online in 14 months. Combining 28 core credits with 17 elective credits, learners complete coursework asynchronously and tackle classes like customer-focused entrepreneurship, leading for innovation, and global social entrepreneurship.

    In addition to standard application materials, prospective students must submit a comprehensive essay laying out career goals and interest in UofA's online MBA.


    Program Snapshot

    • Program URL: Visit Program
    • Program Accreditation: Association to Advance Collegiate Schools of Business
    • Cost-per-credit: $1,145 per unit
    • Program Length: 14 months - 2.5 years
    • Total Credits Required to Graduate: 45 credits
    • Format: Online
    • Instruction Style: Asynchronous
    • School Status: Public

    University of Arizona is accredited by Higher Learning Commission.

  9. Citadel Military College of South Carolina
    Location

    Charleston, SC

    Designed for working professionals and active-duty service members, The Citadel's online MBA program offers a specialization in entrepreneurship. Specialized coursework focuses on topics including venture opportunities, competitive marketing strategies, and venture creation.

    While the admissions process requires students to submit standardized test scores, applicants who already hold a master's degree with a minimum 3.0 GPA can apply for a GRE/GMAT waiver. Provisional admission is sometimes available for students who do not meet GPA or testing benchmarks.


    Program Snapshot

    • Program URL: Visit Program
    • Program Accreditation: Association to Advance Collegiate Schools of Business
    • Total Credits Required to Graduate: 36 credit hours
    • Format: Online
    • Instruction Style: Both
    • School Status: Public

    Citadel Military College of South Carolina is accredited by Southern Association of Colleges and Schools Commission on Colleges.

  10. Central Michigan University
    Location

    Mount Pleasant, MI

    Mount Pleasant's Central Michigan University offers a fully online MBA in entrepreneurship. This 36-credit master's degree includes nine core courses and three concentration classes. Students choose from a variety of entrepreneurship courses, including crowdfunding, venture capital, and technology for entrepreneurs.

    Prospective students should have experience in economics, statistics, and accounting before enrolling in this online program. Applicants must have a bachelor's degree from an accredited institution with a cumulative GPA of at least 2.7.


    Program Snapshot

    • Program URL: Visit Program
    • Program Accreditation: Association to Advance Collegiate Schools of Business
    • Cost-per-credit: $662 per credit hour
    • Total Credits Required to Graduate: 36 credit hours
    • Format: Online
    • School Status: Public

    Central Michigan University is accredited by Higher Learning Commission.

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Our rankings are grounded in a few guiding principles and use the latest statistical data available from trusted sources. Read our ranking methodology. We hope our approach helps you find the school that is best for you.

Other MBA in Entrepreneurship Programs Programs That Might Interest You

Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.

What Is an MBA in Entrepreneurship?

Many programs comprise 36-72 credits and usually take students 18-54 months to complete. In some programs, students are required to complete internships or capstone experiences. Some choose to supplement their coursework with job or internship experience regardless of formal requirements, though many MBA students enroll with considerable work experience.

What Can I Expect From an Online MBA in Entrepreneurship Program?

Students pursuing a concentration in entrepreneurship typically complete core MBA courses in finance, accounting, economics, and project management. To complete a concentration in entrepreneurship, students take more specialized courses that detail the principles of entrepreneurship, including private equity acquisition and growth strategies.

Example MBA in Entrepreneurship Courses

  • Minus

    Entrepreneurial Finance

    Considering resources from both the public and private sectors, students examine various entrepreneurship financing models. Covered topics may include venture capital, incubator programs, crowdfunding, grants, and loan options. The course also examines valuation methods for entrepreneurial ventures.
  • Minus

    Lean Entrepreneurship

    Lean approaches to entrepreneurship aim to expedite the process of developing products or evaluating the viability of a novel business model. Courses in lean entrepreneurship cover the defining aspects of these processes, with a special emphasis on known predictors of future success.
  • Minus

    New Venture Strategy

    Drawing on real-life case studies involving both successes and failures, this course is an analytical review of various entrepreneurial strategies. Coursework may consider both non-mathematical and mathematical methods of modeling potential success.
  • Minus

    Social Entrepreneurship

    Using a multidimensional approach, this course examines relationships between entrepreneurship and positive social change. It considers ways to introduce profit incentives to high-value social causes and strategies for applying business administration insights to nonprofit organizations to enhance their impact.
  • Minus

    Alternative Entrepreneurial Paths

    Entrepreneurship historically emphasizes the development and launching of new ventures with rapid growth potential. However, entrepreneurs have many other paths available, such as business acquisition, franchising, and venture integrations. This course offers an overview of alternative entrepreneurship models.

What Are Admission Requirements for an MBA in Entrepreneurship Program?

  • Check Circle

    Test Scores

    Many online MBA in entrepreneurship programs require applicants to submit GMAT or GRE scores. Some schools require applicants to submit GMAT scores over 450-500. Students looking to improve their scores can find a plethora of online resources to prepare for these tests.
  • Check Circle

    Letters of Recommendation

    Many graduate programs ask applicants to include 2-3 letters of recommendation that provide insight into their academic and work performance. While these letters can come from professors or other mentors, some MBA programs ask that recommendations come from direct supervisors or employers.
  • Check Circle

    Resume

    Although some learners begin an online MBA in entrepreneurship right after earning a bachelor's degree, many working professionals pursue MBA programs to supplement existing work experience. When assessing applicants' work histories, many schools value consistent growth and steady progress without considerable employment gaps.
  • Check Circle

    Essays

    Although prompts vary from program to program, MBA application essays generally address applicants' professional goals and how earning an MBA might help them advance their careers. Applicants might also include what they have learned or accomplished in their unique work experiences, why they have chosen to apply to particular programs, and how they would contribute positively to the school.
  • Check Circle

    Official Transcripts

    Although every school maintains different requirements regarding transfer credits and required GPA, most require applicants to submit their undergraduate transcripts. Most competitive programs ask for a minimum 3.0 GPA from an accredited postsecondary institution.

What Can I Do With an MBA in Entrepreneurship?

Professionals who earn an MBA with a focus on entrepreneurship can pursue several rewarding and in-demand entrepreneurial careers. For example, between 2022 and 2032, the BLS projects significant job growth for market research analysts (13%) and management analysts (10%).

Management Analyst

Management analysts and consultants formulate practical solutions to help companies maximize profit and productivity. These professionals analyze data like revenue and employment reports and observe workplace functionality to identify potential problems.

Median Annual Salary (2022): $95,290

Business executives implement strategic policies and lead departmental procedures to make sure companies meet their goals. Executives analyze empirical data like sales reports and financial statements to assess performance and identify opportunities to improve efficiency. Within the company, these individuals collaborate with employees, board members, and other executives.

Median Annual Salary (2022): $100,090

While CEOs' exact duties depend on their industry and company size, they typically supervise the functions of upper-level management. Chief executives may lead employees in policymaking, financial planning, and other essential functions.

Median Annual Salary (2022): $189,520

These professionals supervise company sales departments. To make sure sales teams are working with optimal efficiency, sales managers train staff members, assign quotas, and employ marketing strategies, such as promotional discounts.

Median Annual Salary (2022): $130,600

Market research analysts evaluate data to help companies implement informed marketing strategies. They also monitor the effectiveness of existing strategies. These professionals may use specialized software, survey results, focus groups, and literature reviews to assess consumer demand and market trends. Analysts may convert their findings into streamlined reports to present to management and other team members.

Median Annual Salary (2022): $68,230


Is an MBA in Entrepreneurship Worth It?

Earning an MBA can be worth it. According to the National Association of Colleges and Employers, 2020 MBA graduates' starting salaries were an average of about $20,000 higher than bachelor's degree graduates. However, according to Harvard Business Review, 51% of MBA students use loans to pay tuition. Naturally, this puts pressure on the financial prospects of this degree.

Individuals can use tuition costs and projected postgraduate income to estimate the return on investment (ROI) of their degree. Tools like an MBA ROI calculator can help students assess the possible financial implications of earning their degree over time.

Business professionals who wish to supplement their work experiences with additional education without the time and financial commitment of an MBA may do so through certificate programs or certification courses.

For example, professionals might showcase their leadership and management skills with a certified associate in project management or project management professional certification. Aspiring entrepreneurs can use these versatile certifications to gain leadership experience within existing companies before branching off into more independent work.

Learn more about whether an MBA is worth it.

Why Get an MBA in Entrepreneurship Instead of a Master's in Entrepreneurship?

Aspiring entrepreneurs looking to bolster their skills with a master's degree might consider either an MBA in entrepreneurship or a master's in entrepreneurship. Although there is some overlap between the curricula of these degrees, students might consider certain structural differences to determine which program best fits their unique career goals.

At many universities, MBA programs are structured with interdisciplinary curricula that include marketing, economics, finance, and business theory. Choosing an entrepreneurship concentration usually means taking entrepreneurship-centered classes and electives. However, most of the curriculum still consists of core business courses.

A master's in entrepreneurship is structured more like a science degree, with a curriculum that adheres to the principles and methods of starting and running a business. Students might take specific courses detailing the financial and marketing management of newly established businesses and startups.

Some students choose to earn dual degrees, such as an MBA/MS in business analytics or an MBA/MS in entrepreneurship and innovation, to maximize their credentials. Though exact credit requirements depend on the school and individual program, course overlap can make it possible to pair degrees.

For example, a student might complete a dual degree in 66 credits, even if completing the two degrees separately would require 81 credits.

How Do I Choose an MBA in Entrepreneurship Program?

Cost

MBA programs, even those offered online, can be costly and may require additional expenses, such as textbooks or high-speed internet.

Although tuition rates should not be the only factor that determines learners' schools of choice, public universities tend to be much more affordable than private universities, especially for in-state students. Some employers supplement employees' tuition costs through sponsorship programs. Some schools charge tuition on a per-credit basis, meaning that transferable credits can reduce total costs.

Program Format

Online programs lend themselves to nontraditional scheduling and can run in either synchronous or asynchronous formats.

Synchronous programs mimic the structure of traditional classrooms and require students to attend lectures at specific times. Asynchronous programs allow students to complete course requirements whenever they have availability, distributing materials through audio and video files, forums, and virtual library access.

For part-time and full-time learners, program length can vary considerably. Full-time students usually complete their studies in 1-2 years but can choose accelerated programs and earn credits through undergraduate courses or professional experience.

Location

Some online MBA programs eliminate in-person requirements. This can be advantageous for students looking for a program without geographic restrictions. However, other programs include on-campus requirements, such as hybridized courses, residencies, and networking opportunities.

Career Opportunities

Many programs have resources to provide career support remotely. Some schools hold career development workshops. Corporate partners might offer information sessions on job or internship opportunities. Many MBA programs help students build career support networks via assigned career advisors with appropriate industry expertise, alumni job boards, and networking events.

Programmatic Accreditation

When comparing online MBA programs, students should make sure that business programs have received proper programmatic accreditation. Accreditation means that the program has been evaluated and approved by an organization, such as the Association to Advance Collegiate Schools of Business, the Accreditation Council for Business Schools and Programs, and the International Accreditation Council for Business Education.

Still unsure about which MBA program to choose? Check out our overall Best Online MBA Degree Programs.

Other MBA in Entrepreneurship Programs Programs That Might Interest You

Learn about start dates, transferring credits, availability of financial aid, and more by contacting the universities below.

Frequently Asked Questions About MBA in Entrepreneurship Programs

Is an MBA in entrepreneurship program hard to get into?

Each school maintains unique admission requirements regarding test scores, grades, and work experience. More exclusive programs might have lower acceptance rates, while more accessible programs will accept a higher percentage of applicants.

What can I do with an MBA in entrepreneurship?

Many individuals with an MBA in entrepreneurship hope to run their own business or startup. Some professionals wish to use their entrepreneurship backgrounds to find work at established companies. With this versatile degree, professionals can pursue a variety of career options in sales, management, and marketing.

Is entrepreneurship a good career?

Entrepreneurship can be a rewarding field for professionals who enjoy coming up with practical solutions, exercising cooperative leadership, and collaborating with others. There are several lucrative and in-demand careers for professionals who have the necessary skills, passion, and education.

How much money can I make with an MBA in entrepreneurship?

Many graduates with an MBA in entrepreneurship find lucrative careers. According to the BLS, market research analysts earned a median annual salary of $68,230 in 2022, while those employed in the publishing industry made $105,700 annually. Management analysts earned a median annual salary of $95,290, with those working in professional, scientific, and technical services making $101,900 per year.

What are the highest-paying jobs I can get with an MBA in entrepreneurship?

High-level business professionals can earn very high salaries. For example, according to the BLS, CEOs earned a median annual salary of $189,520 in 2022.

BestColleges.com 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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