Earning an online master's in entrepreneurship allow graduates to pursue careers in a variety of growing and thriving job fields. The Bureau of Labor Statistics reports a 14% growth rate for jobs in the management field, and a 19% growth rate for jobs in marketing analysis. Graduates have the choice of either pursuing a career in one of these fields or starting their own startup business.
With all of the great options available, choosing the right online master's degree in entrepreneurship can seem like a daunting task. Below, you will find useful information and guidance to help you select a program that fits your career goals.
What are the best entrepreneurship programs of 2020? Here are our top 10:
|1||University of Florida||Gainesville, FL|
|2||Johns Hopkins University||Baltimore, MD|
|3||Pepperdine University||Malibu, CA|
|4||Syracuse University||Syracuse, NY|
|5||University of Maryland, College Park||College Park, MD|
|6||Temple University||Philadelphia, PA|
|7||Drexel University||Philadelphia, PA|
|8||Lindenwood University||Saint Charles, MO|
|9||Central Michigan University||Mount Pleasant, MI|
|10||Everglades University||Boca Raton, FL|
2020 Best Accredited Online Master's in Entrepreneurship Programs
University of Florida
|Gainesville, FL||Cost: $$$$$||Graduation Rate: 90%||
UF occupies locations in every county in the state and oversees a comprehensive online division. The university offers more than 300 graduate, undergraduate, and certificate programs on campus and online.
The school's online master's in entrepreneurship is delivered through a one-year program. The curriculum includes 36 credits of core and elective coursework. Students choose one of two immersion options: a program in Silicon Valley completed over spring break or a practicum/internship completed during the summer term.
The program offers start dates in the fall and spring. Each applicant needs a regionally accredited bachelor's degree with a GPA of at least 3.0 over their last 60 credits of undergraduate coursework and satisfactory GRE or GMAT scores. UF also offers a dual bachelor's/master's degree in entrepreneurship.
Johns Hopkins University
|Baltimore, MD||Cost: $$$$$||Graduation Rate: 93%||
Established as America's first research university, Johns Hopkins now offers more than 260 graduate, undergraduate, and certificate programs across nine academic divisions. The university enrolls more than 24,000 students at three physical campuses and online.
Johns Hopkins offers its online master's in biotechnology enterprise and entrepreneurship as an advanced academic program through its School of Arts and Sciences. The curriculum includes 10 courses and covers topics related to finance, management, and marketing in biotechnology. Students must also complete practica.
Each applicant must hold a regionally accredited bachelor's degree in the life sciences with a GPA of at least 3.0 and a background in cell biology and biochemistry. Students may start in the fall, spring, or summer. Distance learners can earn their degrees in 12-24 months.
|Malibu, CA||Cost: $$$$$||Graduation Rate: 93%||
Pepperdine oversees a main campus in Malibu, four additional southern California campuses, and an online division. Students may choose from more than 130 graduate, undergraduate, and certificate programs across five academic schools.
Pepperdine's MA in social entrepreneurship and change follows a hybrid format. This master's in entrepreneurship comprises 40 credits and takes 20 months to complete. Students participate in a global exchange experience, and the curriculum culminates in a two-term capstone project.
Applicants do not need to submit GRE scores for admission consideration. Pepperdine admits students into this online master's in entrepreneurship program at the beginning of any semester. All graduate enrollees pay the same per-credit tuition rate for distance coursework, regardless of their state of residence.
|Syracuse, NY||Cost: $$$$$||Graduation Rate: 83%||
Located in Upstate New York, Syracuse enrolls nearly 23,000 students from around the world. Students may choose from hundreds of graduate, undergraduate, and certificate programs on campus and online.
Syracuse offers its online master's degree in entrepreneurship through its School of Management. The 30-credit program comprises business foundation and entrepreneurship core coursework, culminating in a capstone requirement. Syracuse also offers dual master's pathways, where students can earn a degree in entrepreneurship and one in business analytics, professional accounting, or business administration.
Students complete their online program as part of a cohort student group. The program admits learners at four start dates per year. Applicants do not need to submit GRE or GMAT scores for admission consideration. An enrollee can earn their online master's in entrepreneurship in 15 months.
University of Maryland, College Park
|College Park, MD||Cost: $$$$$||Graduation Rate: 86%||
As the state's flagship college, UMD enrolls more than 41,000 students on campus and online. Students may choose from more than 200 graduate, undergraduate, and certificate programs, which are delivered across 12 academic schools and colleges.
UMD offers an online master's in technology entrepreneurship through its Office of Extended Studies. This 30-credit program includes courses like business modeling and customer validation, innovative thinking, and financial management. Students may enroll in the fall or spring semester. The curriculum spans five 12-week terms.
Students can complete this master's in technology entrepreneurship online in 15 months. Each applicant must hold a regionally accredited bachelor's degree with a minimum 3.0 GPA. UMD charges a set, per-credit tuition rate for online master's coursework, regardless of an enrollee's resident state.
|Philadelphia, PA||Cost: $$$$$||Graduation Rate: 73%||
Serving an enrollment of roughly 40,000 students, Temple is one of Philadelphia's flagship institutions. The university offers more than 400 graduate, undergraduate, and certificate programs across 17 schools and colleges, with many options available online.
Temple's online MS in innovation management and entrepreneurship offers three concentrations: entrepreneurship, innovative strategy, and technology and innovation management. The 30-credit program explores business model innovation, global innovation strategy, and entrepreneurial thinking and new venture creation. Students may enroll on a full-time or part-time basis to complete this online master's in entrepreneurship in 1-3 years.
Temple offers the same per-credit tuition rate for all enrollees in this online master's program, regardless of their state of residence. Learners may start in the fall or spring. Applicants should possess a bachelor's degree and a GPA of at least 3.0.
|Philadelphia, PA||Cost: $$$$$||Graduation Rate: 74%||
As an innovator of distance-based higher education, Drexel launched its first online programs in 1996. Today, Drexel enrolls more than 24,000 students, including nearly 4,700 online learners. The university offers more than 200 academic programs across 15 schools and colleges.
Drexel's MS in entrepreneurship and innovation includes 45 quarter credits of required and elective courses. Topics include entrepreneurship essentials, early-stage venture funding, and innovation and ideation. Students typically complete their online master's in entrepreneurship over seven terms while following a part-time schedule.
This program charges a universal, per-credit tuition rate for online graduate study, regardless of a student's state of residence. Candidates may qualify for a scholarship that covers 50% of their tuition. Drexel offers signature support for online students, including advising, career placement, and mentorship services.
|Saint Charles, MO||Cost: $$$$$||Graduation Rate: 50%||
Lindenwood operates an online division and a physical campus in St. Charles, Missouri. The university enrolls over 8,000 students on campus and online. Students may choose from more than 125 graduate, undergraduate, and certificate programs.
Lindenwood's MS in fashion business and entrepreneurship includes 36 credits, which are delivered in a hybrid format. Coursework explores topics like small business management, marketing principles and issues, and business law and ethics. Students conclude their degree with a two-part graduate seminar and a thesis or directed final project.
Lindenwood offers a fast track option for this online master's in entrepreneurship, enabling students to graduate in one year. Applicants to the fast track program must possess a bachelor's degree in fashion business and entrepreneurship or a related field — earned with a minimum 3.5 GPA — and submit GRE scores.
Central Michigan University
|Mount Pleasant, MI||Cost: $$$$$||Graduation Rate: 62%||
With a main campus in Mount Pleasant and more than 30 North American locations, CMU enrolls over 16,000 students, roughly 50% of whom study online. Students may choose from more than 30 graduate, undergraduate, and certificate programs available at extension sites and online.
The university's online master's in entrepreneurial ventures includes 36 credits and explores topics like forming new business entities, leveraging social media, and protecting intellectual property. Each student concludes the sequence of required courses with an entrepreneurial transactions capstone. CMU's College of Business Administration is accredited by the Association to Advance Collegiate Schools of Business International.
Each applicant must hold a regionally accredited bachelor's degree and have a minimum GPA of at least 2.7 (preferably 3.0) over the final 60 credits of their undergraduate coursework. Students begin the program as part of a cohort group in the fall of each year. CMU charges a set, per-credit tuition rate for online master's coursework, regardless of a student's resident state.
|Boca Raton, FL||Cost: $$$$$||Graduation Rate: 59%||
Everglades University — based in Boca Raton, Florida — educates more than 2,000 students annually. The school offers more than a dozen online degrees at the bachelor's and master's levels, including an online master's degree in entrepreneurship
To earn this master's degree, students complete a total of 36 credits. Core courses cover topics like advanced organizational behavior, business strategy for competitive advantage, and new venture creation. Students round out their studies with an entrepreneurship capstone course.
Graduates learn about theory and practical applications, preparing to weigh the many risks and rewards involved with starting a new business venture. The program accepts transfer credit on a case-by-case basis, and most students graduate in 48 weeks.
Choosing a Program
WILL THIS PROGRAM PROVIDE ME WITH THE SKILLS I NEED TO ADVANCE MY CAREER?
Yes, this degree can provide you with the skills needed to advance your career in business. Students learn how to start their own business from the ground up and also how to contribute to the growth and development of an existing business venture.
DO I NEED PREVIOUS WORK EXPERIENCE TO GET IN?
While admission requirements will vary from school to school, many social entrepreneurship master's programs do not explicitly require previous work experience for admission. However, previous work experience is often noted as desirable.
HOW DO I FIND THE RIGHT ONLINE PROGRAM FOR ME?
When choosing an online program, it's important to consider your lifestyle, career goals, and what you would like to get out of a master's program. Each program will have its own unique design and requirements, which makes it even more important to find one that you find one that meets your needs.
Some factors you may wish to consider are whether courses are delivered asynchronously, or synchronously, the time commitment to coursework each week, and whether or not there is a residency requirements.
CAN I WORK WHILE I COMPLETE MY ONLINE MASTER'S in ENTREPRENEURSHIP?
Yes, most online programs are designed with the working professional in mind. Programs that allow students to study on a part-time basis can be especially friendly to full-time professionals.
What Else Can I Expect From an Online Master's in Entrepreneurship Program?
Each school will have its own unique curriculum and required courses. However, there are some common classes that you will find in any online master's degree in entrepreneurship curriculum. Below is a sample of a few courses that are offered in any master's degree in entrepreneurship online.
CURRICULUM FOR AN ONLINE MASTER'S DEGREE IN ENTREPRENEURSHIP
- Financial Management: This course provides students with a comprehensive look at the different tools and conventions used in the arena of corporate and business finance. This course may also cover areas such as financial theory and analytical reasoning, both of which are important for solving and understanding business problems.
- Strategic Marketing Management: This course teaches students how to use a better understanding of marketing strategy, analysis, and research to achieve success in their organization. Students learn how to create and develop products and services that are tailored to the current needs of the market.
- Launching Startup Ventures: This quintessential entrepreneurship course prepares students to create, develop, and launch their own tech-based startup venture.
HOW LONG DOES IT TAKE TO GET AN ONLINE MASTER'S IN ENTREPRENEURSHIP?
The amount of time it takes to complete an online master's in entrepreneurship can vary from program to program. There are a number of factors that can cause a program to take more or less time to complete, including the number of credits in the program and whether students can enroll either full-time or part-time. For online programs, it also depends on whether courses are offered synchronously or asynchronously.
In general, an online master's program in entrepreneurship requires between 30 and 36 credit hours to complete. Most of these programs can be finished in as few as 15 to 24 months with enrollment in the spring, fall, and summer terms.
Accreditation for Online Master's in Entrepreneurship Programs
When searching for the right master's in entrepreneurship online program, be sure to choose one that is fully accredited. Schools are more likely to receive regional accreditation, though some are accredited nationally. There are a number of regional accreditation agencies in the U.S., including the Higher Learning Commission. This commission accredits schools in 19 north central states that meet its specific academic criteria. You may also want to find a program that has discipline-specific accreditation from the Accreditation Council for Business Schools & Program, one of the major governing agencies for assessing and accrediting business programs.
The U.S. Department of Education (ED) is a government agency that handles policies in the school systems in the United States. The ED is also responsible for providing aid and assistance to students who fill out the Free Application for Federal Student Aid (FAFSA). The ED and the Council for Higher Education Accreditation both provide a comprehensive list of their recognized accredited institutions on their websites.
Employment Outlook for Master's in Entrepreneurship Graduates
Graduating with a master's in entrepreneurship opens doors to a variety of career options and a higher potential salary. Entrepreneurs also report a high rate of job satisfaction, making a career in related fields even more attractive. Below, you will find salary information for a selection of potential careers that are common among graduates of master's programs in entrepreneurship. These salaries are based on national averages for these specific jobs.
|Job Title||Average Salary|
|Senior Product Manager||$115,151|
|Chief Financial Officer||$114,332|
|Business Development Director||$111,000|
|Product Manager (Software)||$101,961|
MASTER'S IN ENTREPRENEURSHIP SALARY
As you can see above, salaries in entrepreneurship tend to be much higher than the national average. However, these salaries vary depending on a variety of factors, including where you live. The cost of living and quantity of roles in an area are two of the main factors that can influence the average salary in a particular state. Below, you'll find a table outlining the top five paying states in the U.S. for graduates with a master's degree in entrepreneurship.
|State||Major City||Average Salary|
|New York||New York City||$113,779|
MASTER'S IN ENTREPRENEURSHIP CAREERS
Graduates from a master's in entrepreneurship degree program can look forward to a wide range of job opportunities and potential business ventures. In fact, one of the first big questions a graduate must answer is whether they want to start their own business or pursue a role in the business field. By necessity, entrepreneurs are dedicated and hard-working professionals, as many potential career paths are very demanding. Below, there are a few examples of common careers these graduates can pursue.
- Management Analyst
A high average salary and faster-than-average job growth rate make management analysis an optimal field for graduates with an online master's in entrepreneurship. Management analysts are tasked with optimizing the way a company functions and aim to make their organizations more profitable by finding ways to minimize costs and maximize efficiency.
Median Annual Salary: $81,330
Projected Growth Rate: 14%
- Buyer and Purchasing Agent
Working as a buyer or purchasing agent is ideal for those who are interested in a sales-based role. These professionals purchase products and services that their business can resell. They are responsible for negotiating prices with suppliers and monitoring product quality.
Median Annual Salary: $60,700
Projected Growth Rate: 2%
- Market Research Analyst
These analysts watch market trends to determine how a certain product or service will potentially perform and sell. They also look at the things that buyers are looking for and how much people are willing to spend on these products.
Median Annual Salary: $62,560
Projected Growth Rate: 19%
- Advertising, Promotions, and Marketing Manager
These professionals excel at collaboration with others, including art directors, financial staff, and sales agents. They focus on developing programs to create an interest in the services and products offered by their business.
Median Annual Salary: $127,569
Projected Growth Rate: 9%
- Financial Analyst
Financial analysts look at market and stock trends to evaluate how businesses and individuals should invest their money for the best return on investment. Within a business, they are tasked with making investment decisions in regards to bonds, stocks, and product development.
Median Annual Salary: $81,760
Projected Growth Rate: 12%
Students in graduate programs can take advantage of the resources that professional organizations provide to network, learn about internship opportunities, and broaden their knowledge of the field. These organizations can connect graduates with job opportunities and often offer conferences and professional development events to keep members well-connected with other professionals in the field. Below, you will find a few examples of prominent professional organizations for entrepreneurs.
Financing Your Online Master's in Entrepreneurship Program
Even though an online master's degree is typically cheaper than its on-campus equivalent, many students still require financial assistance. Fortunately, most online schools offer a variety of financial aid options to online students. The first step is to fill out the Free Application for Federal Student Aid (FAFSA). Students applying for financial aid with FAFSA must be enrolled in an online master's program that has been accredited by a federally recognized accreditation agency. Students enrolled in entrepreneurship programs might also consider applying for program-specific scholarships through major organizations in their field. Large corporations and companies may also offer paid internships that students can complete while earning college credit.
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