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An online MBA in entrepreneurship offers a clear path to success across various career fields. According to Poets & Quants, the average MBA graduate made an average yearly salary of $134,991 in 2019. Their salaries rose nearly 6% from the year before.
The ranking below features the best MBA in entrepreneurship degrees offered at both public and private postsecondary institutions across the United States. This guide also provides salary and job growth data, career opportunities for MBA graduates, common courses in these programs, and typical admission requirements.
What Are the Best Online MBA in Entrepreneurship Programs? Here Are Our Top 10:
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|1||The University of North Carolina at Chapel Hill||Chapel Hill, NC|
|2||The University of Texas at Dallas||Richardson, TX|
|3||Babson College||Wellesley, MA|
|4||University of Illinois at Urbana-Champaign||Champaign, IL|
|5||Syracuse University||Syracuse, NY|
|6||Azusa Pacific University||Azusa, CA|
|7||Samford University||Birmingham, AL|
|8||Oklahoma State University||Stillwater, OK|
|9||Ball State University||Muncie, IN|
|10||University of West Florida||Pensacola, FL|
- How We Rank Schools
At BestColleges, we believe a college education is one of the most important investments you will make. We want to help you navigate the college selection process by offering school rankings that are transparent, inclusive, and relevant for online students.
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.
Best Accredited Online MBA in Entrepreneurship Programs
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The University of North Carolina at Chapel Hill
|Chapel Hill, NC||Cost: $$$$$||Graduation Rate: 89%||
Established in 1795 as the nation's first public university, the University of North Carolina at Chapel Hill hosts an online master of business administration program with an entrepreneurship concentration. Designed for working professionals with a passion for innovation, this fully online program prepares graduates for careers in competitive business markets. Distance learners in this MBA program take core courses in business strategy and explore a variety of electives, such as managing innovation, technology strategy and business innovation, and new ventures discovery. Students who choose the entrepreneurship focus often pursue careers as innovation consultants, early executives, and founders.UNC-Chapel Hill offers priority deadlines for each of the program's four start dates. Applicants who apply by these deadlines receive benefits like additional time to plan finances, early class registration, and priority registration for orientation.
The University of Texas at Dallas
|Richardson, TX||Cost: $$$$$||Graduation Rate: 72%||
The University of Texas at Dallas offers a fully online professional MBA program with a concentration in innovation and entrepreneurship. Students must complete two prerequisites courses in communications for management and quantitative foundation of business before they can enroll in this program.This 53-credit MBA includes 32 core credits and 21 elective credits. The curriculum features core topics like international business management, strategic management, and entrepreneurial finance.The average student enters this program with about eight years of work experience and a 3.6 GPA. Applicants must submit GMAT or GRE scores that are no more than five years old. High-performing candidates who meet certain GPA requirements may request a GMAT/GRE waiver.
|Wellesley, MA||Cost: $$$$$||Graduation Rate: 91%||
Babson College — a private business school located in Wellesley, Massachusetts — offers an online master of business administration program with an entrepreneurship concentration. The program focuses on the social and economic value of business ventures, preparing learners to develop and assess entrepreneurial opportunities.The 45-credit curriculum includes 15 credits of core coursework and a client-based consulting project. Distance learners can customize their remaining coursework with market-aligned electives and intensity tracks.The nine-credit entrepreneurship concentration includes areas of studies in new venture creation, entrepreneurial finance, and tools for entrepreneurs and managers. Babson College is regionally accredited by the New England Commission of Higher Education, and its MBA program holds accreditation from the Association to Advance Collegiate Schools of Business.
University of Illinois at Urbana-Champaign
|Champaign, IL||Cost: $$$$$||Graduation Rate: 84%||
The state's flagship institution of higher education, the University of Illinois at Urbana-Champaign offers an online MBA program with a specialization in innovation: from creativity to entrepreneurship. Designed for aspiring entrepreneurs and working professionals, this program helps develop a creative and entrepreneurial mindset.This MBA program requires 72 credits and culminates in a capstone project where students develop and analyze a new business enterprise. To fulfill the innovation specialization, students take courses in strategic innovation, creativing thinking, and entrepreneurship.Distance learners can complete this program in 2-3 years. Online students at U of I can access many resources through iMBA's Guide to Digital Business Research, which includes links to job boards, career search tools, and industry information.
|Syracuse, NY||Cost: $$$$$||Graduation Rate: 83%||
Based in New York, Syracuse University provides an online MBA program with an entrepreneurship specialization that can be completed in 24 months. This 54-credit program focuses on corporate innovation and product development, and it prepares graduates for positions with startups, nonprofits, and established organizations.The entrepreneurship specialization requires distance learners to complete three courses. All students take foundations of entrepreneurship and select two of the following guided elective courses: corporate entrepreneurship, venture capital, managing new products, and/or development. The program culminates with a three-credit capstone course in global entrepreneurship management.Though all courses can be completed at a distance, this MBA program requires three in-person residencies. These formal sessions simulate business conferences and allow students to network with peers and professors in cities across the globe.
Azusa Pacific University
|Azusa, CA||Cost: $$$$$||Graduation Rate: 63%||
Located in Southern California, Azusa Pacific University offers an online MBA program with a concentration in entrepreneurship. This non-thesis program prepares learners to transform their entrepreneurial visions into prosperous business ventures. The 42-credit curriculum includes business simulations, case studies, and team activities where students apply entrepreneurial concepts. To fulfill assignment and participation expectations, distance learners should expect to be online 6-10 hours each week.Hosted by APU's School of Business and Management, courses are offered throughout the year and divided into eight-week sessions. Distance learners generally take one or two classes per session and complete their degree within two years. All online students take a two-week orientation prior to the start of their term to engage with peers and pick courses.
|Birmingham, AL||Cost: $$$$$||Graduation Rate: 76%||
Located in Birmingham, Alabama, Samford University offers an online MBA program with a concentration in entrepreneurship that prepares graduates for leadership and management positions. Distance learners must complete three prerequisite courses in accounting, economics, and finance prior to enrolling in this program.The curriculum places an emphasis on corporate and social responsibility and features topics like managing corporate integrity, economics of competitive strategy, and operations management. This program core includes 36-39 credits, and students must maintain a minimum 3.0 GPA to graduate.Samford accepts applications on a rolling basis and requires applicants to hold a bachelor's degree from a regionally accredited institution. Online students at Samford pay the same per-credit tuition rate as on-campus learners, regardless of state residency.
Oklahoma State University
|Stillwater, OK||Cost: $$$$$||Graduation Rate: 61%||
Distance learners can pursue a fully online MBA program with a concentration in entrepreneurship from Oklahoma State University. The state's flagship institution holds land-grant status and is regionally accredited by the Higher Learning Commission. This MBA program is designed for aspiring entrepreneurs and working professionals alike, and it integrates all aspects of business, including marketing, finance, business analytics, and accounting. The 33-credit curriculum covers a variety of core topics, such as business finance, organizational behavior and leadership, and managerial economics.Prospective students must submit three letters of recommendation, GRE or GMAT scores, and official transcripts. Applicants should also hold a bachelor's or professional degree from an accredited college or university.
Ball State University
|Muncie, IN||Cost: $$$$$||Graduation Rate: 63%||
Ball State University offers an online MBA program with a concentration in entrepreneurship. Distance learners can earn this degree entirely online while accessing the same technical support and student services as on-campus students.The curriculum includes 24 credits of core courses and nine credits of entrepreneurial electives. Students pursuing the entrepreneurship concentration are required to take classes in entrepreneurial innovation, planning and feasibility, and strategy. Participants without an academic background in business may need to take up to 18 credits of foundation classes.The online format combines asynchronous and synchronous instruction, which allows students to participate in live lectures and classroom discussions. Graduates of this program acquire the skills needed to launch their own business, secure executive leadership positions, or pursue a new entrepreneurial career path.
University of West Florida
|Pensacola, FL||Cost: $$$$$||Graduation Rate: 43%||
Located in Pensacola, the University of West Florida hosts an online master of business administration program with an emphasis in entrepreneurship. The program teaches learners practical skills that can help them build and manage a business, and it incorporates topics like the principles of marketing, finance, and organizational management.Courses are taught from the perspective of the CEO to develop student understanding of market dynamics and business relations. The 36-credit curriculum can be completed in 16 months and features courses such as business analytics, information resources and industry analysis, and venture development.All online students pay the same tuition rate. Application requirements include two letters of recommendation, a bachelor's degree from a regionally accredited institution, and foundational proficiencies in major areas of business.
What Can I Expect From an Online MBA in Entrepreneurship Program?
Entrepreneurs must be willing to take calculated risks while maintaining resiliency as they face and overcome challenges.
To succeed in an MBA in entrepreneurship program, students must possess high levels of self-motivation, resourcefulness, confidence, and flexibility. They also need to work well both independently and as part of a team while exercising strong problem-solving and critical thinking skills. Entrepreneurs must be willing to take calculated risks while maintaining resiliency as they face and overcome challenges.
The typical online MBA in entrepreneurship degree takes about 18-24 months to complete and requires 30-36 credits. Some programs offer concentrations in areas like finance, new ventures, and social entrepreneurship.
In addition to coursework, MBA in entrepreneurship programs may encourage or require students to take part in internships. In some cases, students may apply previous or current work experience for credit, allowing them to finish their master's degree more quickly.
Accelerated online MBAs and executive MBAs often allow students to graduate within one year. To qualify, students usually must possess considerable professional experience in management or leadership roles. Earning a degree as quickly as possible can help reduce the total amount of tuition a student pays on their path to an MBA in entrepreneurship.
Admission Requirements for Online MBA in Entrepreneurship Programs
While graduate admission requirements vary depending on the school, most MBA in entrepreneurship programs require incoming students to hold a bachelor's degree from an accredited postsecondary institution with a minimum 3.0 GPA. Many programs also require several years of business experience.
As part of the application process, prospective students may need to provide a personal essay, recommendation letters, and their official undergraduate transcripts. Some programs ask for GMAT or GRE scores.
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What Courses Will I Take in an Online MBA in Entrepreneurship Program?
While details vary by school, students can find many common courses among online MBA in entrepreneurship programs. These classes cover financing and private equity, entrepreneurial opportunities, and strategies to grow a business.
- Entrepreneurial Finance
This course examines the various finance methods available to entrepreneurs, most notably private equity. Students learn how private equity funds new business opportunities. Additional topics include venture capital, leveraged buyouts, and private equity partnerships. The course gives students a solid understanding of how they can start, grow, and fund their own businesses.
- Lean Entrepreneurship
Students learn to tell the difference between an idea and an opportunity in the context of entrepreneurship. They then learn how to develop a sustainable business model that capitalizes on an opportunity. The course also explores financing, building a team, and growing a small- or medium-sized business.
- New Venture Strategy
This course helps learners understand how to effectively assess the feasibility and opportunities in a new venture, along with the challenges they may encounter as a business grows and evolves. Students learn how to determine the likely success or failure of a business while using qualitative models to categorize various types of entrepreneurial ventures.
- Social Entrepreneurship
This course examines the role social entrepreneurship and innovation play in finding scalable, business-oriented solutions to society's biggest challenges. Learners examine theories and best practices in social entrepreneurship, then work in teams to identify opportunities, conduct research, analyze the competitive landscape, develop a product or service, and create a go-to-market plan.
- Alternative Entrepreneurial Paths
Students explore the many paths of entrepreneurship outside of the more well-known new venture models. The course looks at how entrepreneurs can acquire or franchise purchase companies using tools like the financial analysis of targets, business valuation, and post-purchase operations and integration. Learners also consider the benefits and opportunities of corporate and social entrepreneurship.
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What Can I Do With an Online MBA in Entrepreneurship Degree?
Earning an online MBA in entrepreneurship degree and entering leadership roles in the business world can lead to lucrative salaries and ample career growth opportunities. According to the Bureau of Labor Statistics (BLS), top business executives earn a median annual salary of $104,690.
This field, while highly competitive, offers exceptional growth opportunities and the ability to earn higher pay upon taking on increasing responsibilities. For example, the BLS projects 18% growth for market research analysts between 2019 and 2029.
See where an MBA in entrepreneurship can take you. Learn more about careers in business here.
- Management Consultant
Management consultants contract with businesses and organizations to help them improve their processes across numerous areas. They often start by auditing an organization's current practices to determine what works well and identify necessary improvements. Consultants then present their findings and recommendations to executives, boards, and managers. They typically work independently or for a third-party agency.
- Business Executive
Executives serve at the very top of businesses and organizations, developing and implementing strategies related to operations, finance, management, technology, and marketing. They negotiate contracts and ensure their departments and organizations meet the goals set by boards of directors. An MBA in entrepreneurship provides professionals with the skills and knowledge they need to thrive in these leadership roles.
- Senior Product Manager
Senior product managers create product specifications and roadmaps while incorporating market research and consumer data into comprehensive product strategies. They often lead teams of product developers, engineers, marketing managers, and project managers. Senior product managers may also spearhead marketing and promotion efforts by developing a long-term vision for their companies' products.
- Human Resources Director
These directors lead HR departments, which serve as important links between organizations' employees and upper management. They lead efforts to recruit, hire,and train new employees while evaluating and addressing the concerns of existing staff. They may also resolve disputes between individuals and promote diversity and inclusivity in the workplace.
- Marketing Research Analyst
These professionals examine market conditions and how they affect current or potential sales. They help businesses determine how to best meet market demands, which consumer groups to target, and how to price their products. Market research analysts keep a close eye on consumer data, trends, competition, and market conditions. They must possess strong research and analytical skills.
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Frequently Asked Questions About MBA in Entrepreneurship Programs
- Is an MBA in entrepreneurship worth it?
Earning an MBA in entrepreneurship opens the doors to numerous career opportunities. Graduates of these programs possess the skills and knowledge needed to move into management and leadership roles, benefiting from the high pay and job growth that accompany them. Most business executives make six-figure salaries.
- What can I do with an MBA in entrepreneurship?
An MBA in entrepreneurship offers many options. Graduates go on to serve as business managers and executives, management consultants, senior product managers, marketing research analysts, and human resources directors. Many graduates also start and grow their own small businesses.
- Is entrepreneurship a good career?
Entrepreneurship provides a great deal of independence and flexibility, but not everyone possesses the skills and characteristics to venture out on their own. Doing so requires patience, persistence, self-motivation, and a willingness to work long hours to achieve a vision. Successful entrepreneurs can blaze their own career path and serve as their own boss.
- How much money can I make with an MBA in entrepreneurship?
Many professionals who hold an MBA in entrepreneurship regularly make salaries in the six figures, although it may take time before you get to that level. According to the BLS, business executives make a median annual salary of nearly $105,000. The most successful entrepreneurs start high-growth ventures and eventually earn even higher salaries.
- What are the highest paying jobs with an MBA in entrepreneurship?
A study from Poets & Quants found that the average MBA graduate earns nearly $135,000 per year. Chief executive officers, according to the BLS, make about $193,850 as their mean annual wage. Human resources directors, meanwhile, make an annual median salary of $116,720.