Entrepreneurs make up nearly 16% of the U.S. adult population, according to a report from Babson College's Global Entrepreneurship Monitor team. Those with a passion for entrepreneurship might be tempted to skip higher education and jump right into building a business or startup. However, there are many advantages to gaining an academic background in entrepreneurship before launching a career.
A bachelor's degree in entrepreneurship provides learners with a career-oriented academic framework. Many institutions also give students crucial opportunities to network with alumni, faculty, and fellow students. Through these networks, students can find internships, jobs, and mentors in their fields.
Many graduates wish to build their own businesses, while others prefer to launch their careers within an existing company. Regardless, professionals with an entrepreneurship degree can pursue lucrative and rewarding careers as management analysts, sales managers, operations managers, and business consultants.
Should I Get a Bachelor's in Entrepreneurship?
There are many in-demand careers available to graduates with a bachelor's degree in entrepreneurship. For example, between 2019 and 2029, the Bureau of Labor Statistics (BLS) projects 6% job growth for marketing managers and 11% job growth for management analysts.
Completing this degree typically requires four years of full-time study, but usually takes longer for part-time students. Those who wish to graduate more quickly may be able to transfer existing credits, take summer courses, or pursue accelerated degrees. However, every school maintains its own policies regarding transferable credits and course requirements.
Pursuing an online bachelor's degree in entrepreneurship can offer additional flexibility for working students.
Most business and entrepreneurship-related careers do not require specific licenses or certifications. However, professionals seeking specific positions or looking to bolster their resumes may benefit from earning additional credentials, such as the entrepreneurship and small business certification or the Institute of Management Consultants management consultant certification for professionals with more than three years of relevant experience.Best Online Bachelor's in Entrepreneurship Programs
What Will I Learn in an Entrepreneurship Bachelor's Program?
Whether students wish to establish their own businesses or formulate business strategies for other companies, entrepreneurship programs teach practical skills learners can use in their desired careers.
Coursework often requires creative problem solving, which entrepreneurs need to identify market gaps and develop innovative business strategies. Learners also develop the leadership skills needed to guide workplace operations and the written and verbal communication skills to connect with future clients, investors, employees, and stakeholders.
Below are examples of several concentrations offered within an online bachelor's degree in entrepreneurship.
- Retail Management
This concentration is for students looking to apply their business insights in a retail setting. Courses cover key topics, such as management, merchandising operations, inventory management, promotional efforts, and innovation.
- Business Analytics
To gain a comprehensive background in business analytics, students learn statistical theories and methods to make informed financial decisions. Learners use specialized software to assist analysis and decision-making processes.
- Small Business Management
Through this concentration, students interested in establishing a small company or startup can learn how to effectively manage, promote, and grow their company. Courses focus on customer service, operations, marketing, and social media.
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What Can I Do With a Bachelor's in Entrepreneurship?
A bachelor's degree in entrepreneurship prepares students to work in various industries. With this background, graduates can excel as independent entrepreneurs or in leadership roles at established companies.
For example, professionals with a degree in entrepreneurship can work as marketing managers or sales managers, guiding teams to meet departmental goals and map out strategies to facilitate company growth. They can also work as operations managers, formulating company policies and overseeing routine operations.
After gaining work experience, some professionals work as business consultants, using their expertise to advise other companies on how to perfect their business models.
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How Much Money Can I Make With a Bachelor's in Entrepreneurship?
Graduates with a bachelor's degree in entrepreneurship can pursue several lucrative careers. For example, according to the BLS, management analysts earn a median annual salary of $87,660. Operations managers make a median annual salary of $100,930, while marketing managers earn $133,460 per year.
Frequently Asked Questions About Bachelor's in Entrepreneurship Programs
- Is a bachelor's in entrepreneurship worth it?
Budding entrepreneurs can benefit from a solid academic background in finance, marketing, accounting, and risk management. Many business careers require applicants to hold at least a bachelor's degree, so earning a bachelor's in entrepreneurship can vastly expand graduates' career options. In addition, networks of faculty and alumni can help students secure internship and employment opportunities.
- How much does it cost to get a bachelor's in entrepreneurship?
A bachelor's degree can be a significant financial investment. According to U.S. News & World Report, during the 2020-2021 school year, annual tuition and attendance fees averaged $41,410 at private colleges, $11,170 at public colleges for in-state students, and $26,810 at public colleges for out-of-state students.
Some colleges charge students on a per-credit basis, a practice more common in part-time and online programs.
- Is entrepreneurship a good major?
This major can be an excellent fit for learners who enjoy applying creativity to strategizing business growth. Coursework centers around practical skills that students can use in their future careers, such as risk management, marketing, financial planning, and leadership.
- hat kind of jobs can I get with a bachelor's in entrepreneurship?
Many careers are suitable for professionals with an academic background in entrepreneurship. For example, graduates with this versatile degree can apply their academic knowledge and business experience as management analysts or business consultants. Alternatively, graduates may earn high-level leadership roles as finance managers or chief executive officers.
- How long does it take to get a bachelor's in entrepreneurship?
Full-time learners can usually earn a bachelor's degree in entrepreneurship in four years, while part-time learners may take longer. Exact program length can vary considerably depending on how many credits students complete per term and whether students have earned transferable credits.