An MBA program can give entrepreneurs the business skills necessary to grow a new venture. However, aspiring entrepreneurs should consider program cost, course schedules, educator competence and renown, and other factors when choosing an online MBA in entrepreneurship. Often, these programs require GMAT/GRE test scores or prerequisite coursework from an accredited bachelor’s degree. Many offer waivers for applicants with significant professional and academic experience.
Data Analytics and Business Intelligence
Many people dream of opening their businesses. However, the SBA reports that only two-thirds of new business ventures last at least two years, and half of all new companies fail within five years.
An online MBA entrepreneurship can give you the skills to start a new business or take an existing company in a different direction. Some schools offer a unique cooperative learning program that allows students to learn in the classroom and then put their knowledge into practice in a full-time job off campus.
A specialized MBA in analytics can help you sort and analyze massive data sets to make informed business decisions. At the same time, a specialized MBA in business intelligence can teach you how to create dashboards and reports that visualize and communicate data insights.
Entrepreneurship
The most renowned entrepreneurs throughout economic history have been able to take risks and work hard for their benefit. By identifying problems, creating unique solutions, and providing those services to consumers, they have the power to make their mark on the world.
For instance, MBA graduates specializing in Entrepreneurship at William Paterson University can use their knowledge to create new business ventures, nurture existing businesses, and lead corporate innovation programs. They can also find employment as market research analysts or management consultants, two fields with significant job growth between 2022 and 2032.
Students can pursue an online MBA with a concentration in Entrepreneurship. The program teaches MBA candidates to develop the vision, leadership, and skills required to build successful startups from the ground up and provide insight into venture capital and global markets.
Marketing
An MBA specialization is a great way to elevate your skills while building expertise in a specific business industry. These specialized MBA programs, also known as a primary or concentration, usually include additional coursework beyond the MBA core curriculum.
Some offer an online MBA program with a marketing specialty perfect for entrepreneurially minded professionals. This specialized MBA degree can help you develop the business strategies you need to grow and manage new businesses, startups, and product launches.
Students will learn how to leverage branding, digital marketing, and customer segmentation to promote their business ideas or help their clients succeed. This specialization can lead to lucrative careers in management positions for all types of businesses, including brand-new technology startups or centuries-old manufacturing companies.
Management
Online MBA programs focusing on Management provide students with the skills to build and manage teams within an organization. This is a precious skill that will be in demand in the future.
Students can learn about leadership, strategic decision-making, and industry disruption from an online MBA program with a concentration in Management. Students also have the option to specialize in areas like human resource management, information technology and systems management, and quality management.
Some offer an online entrepreneurship MBA that can be completed in two years part-time. Their program follows a unique cooperative learning model, allowing learners to gain experience while working full-time on their business ventures. This is an excellent way for aspiring entrepreneurs to get started.
Finance
While launching a new business offers excellent financial rewards, only two-thirds of all businesses with employees survive at least two years, according to the Small Business Administration (SBA). An MBA in Entrepreneurship program provides the critical skills for entrepreneurs seeking to launch their ventures or become franchise owners.
A specialized MBA in Finance is another excellent option for business professionals looking to advance their careers. Managing money, including investments, revenue and costs, growth, and risk, is central to the success of all companies. MBA graduates with a finance degree can find lucrative employment opportunities within the industry. Many online programs feature curriculums centered on corporate finance, financial restructuring, and investment strategies.
