Masters in Entrepreneurship
Best Universities in the world for Entrepreneurship
Though it’s popular that entrepreneurs are born, not made; in today’s competitive business world, it’s not just your inherent traits – passion, motivation or drive that can help a business survive and thrive.
Rather, having knowledge of business disciplines, management skills, entrepreneurial mindset as well as networking opportunities, can go a long way in successfully building and leading an enterprise.
Why MS in entrepreneurship?
Companies need to constantly evolve to gain a competitive edge; this applies to product innovation, introduction of new services, review of management strategies, reinventing business processes and experimenting with new business models.
An MS in entrepreneurship at an internationally reputed university / school is a good choice for those looking for a quick and pocket-friendly study option to gain relevant knowledge and get familiar with concepts, tools and skills required before launching a new venture, scaling-up a family business, venture capital investment roles or for intrapreneurs involved in expansion or innovation within an existing company.
This program gives you an understanding of practical business knowledge, strategies; boosts your confidence, critical thinking, quick decision-making ability and interpersonal skills and allows you to apply the knowledge to real-world challenges. You’ll gain valuable insights on ways to turn your business idea into a sustainable venture or successfully manage an existing organisation (Careers in Entrepreneurship).
Schools offering Master’s (MS) in entrepreneurship in USA, UK, Canada, Europe, Asia
|University / School name||Country||Program name||Duration||Fees|
|1.||Babson College||USA||Master of Science in Management in Entrepreneurial Leadership||9 months||$54,600|
|2.||ESADE||Barcelona, Spain||MSc in Innovation and Entrepreneurship||One academic year||€ 29,100|
|3.||Lancaster University Management School||England, UK||MSc Entrepreneurship and Innovation||12 months||UK / EU £13,000
|4.||HEC Paris & Ecole Polytechnique||Paris||MSc X-HEC Entrepreneurs||10 months||€ 25,750|
|5.||Northeastern University – D’Amore-McKim School of Business||USA||MS in Technological Entrepreneurship||Full-time
|$1,640 (per credit hour)
30 credit hours
|6.||University of Cambridge – Judge Business School||Cambridge, UK||Master of Studies in Entrepreneurship||2 years||Fees £34,602
(£17,301 per year)
|7.||Imperial College Business School||London, UK||MSc Innovation, Entrepreneurship & Management||12 months||Fees: £29,500|
|8||The London School of Economics and Political Science||London, UK||MSc Social Innovation and Entrepreneurship||12 months||UK/EU: £30,684
|9.||USC Marshall School of Business||USA||Master of Science in Entrepreneurship and Innovation (MSEI)||12 months||Tuition fees for one credit $1,980 –
|10.||Cranfield School of Management||England, UK||Management and Entrepreneurship MSc||1 year||EU fees £12,000
Overseas fees £20,500
|11.||University of Washington – Foster School of Business||USA||Master of Science in Entrepreneurship||12 months||WA resident $26,400
|12.||UCI Paul Merage School of Business||USA||Master of Innovation and Entrepreneurship (MIE)||9 months||$49,998|
|13.||EDHEC Business School||France||MSc in Entrepreneurship & Innovation||1 year||€24,900|
|14.||Penn Graduate School of Education||USA||M.S.Ed. in Education Entrepreneurship||13 months||$67,540|
|15.||University of Bath School of Management||England, UK||MSc in Entrepreneurship and Management||1 year||Home/EU: £14,000
|16.||The University of Manchester||England, UK||MSc Innovation Management and Entrepreneurship||12 months full-time or 24 months part-time||UK/EU students (per annum) £13,000
International students (per annum) £20,000
|17.||UT Dallas – Naveen Jindal School of Management||USA||Master of Science in Innovation and Entrepreneurship (MSIE)||36 credit hour||Texas resident fee $13,442
Non-resident fee $38,168
|18.||City University – Cass Business School||England, UK||Entrepreneurship
|19.||Queen’s University – Smith School of Business joint program with Queen’s Faculty of Engineering and Applied Science.||Ontario, Canada||Master of Management
Innovation & Entrepreneurship
|12 months||Domestic $33,550
|20.||The University of Warwick||England, UK||MSc Innovation and Entrepreneurship (IAE)||12 months||Overseas £27,160
Home & EU £14,820
|21.||Rotterdam School of Management
|Netherlands||MSc Strategic Entrepreneurship (MScSE)||12 months
(on-campus sessions + online)
|Non-EEA fees €18,200 per year|
|22.||NYU – Tandon School of Engineering||USA||Biotechnology and Entrepreneurship, M.S.||30 credits||Tuition fee varies depending on number of units|
|23.||Vlerick Business School||Belgium||Masters in Innovation and Entrepreneurship||10 months||€15,800|
|24.||National University of Singapore (NUS)||Singapore||MSc MSc Entrepreneurship||12-18 months||S$45,000 + GST|
|25.||University of Waterloo – Conrad School of Entrepreneurship and Business||Ontario, Canada||Master of Business, Entrepreneurship and Technology (MBET)||Full-time – 1year
Part-time – 3 years
|Citizens and PR $34,254 CAD
International $55,359 CAD
|26.||Singapore Management University (SMU)||Singapore||MSc in Innovation (MI)||Full-time – 12 months
Part-time – 15 months
Master’s (MS) in entrepreneurship online / part-time
|University / School name||Country||Program name||Duration||Fees|
|1.||Texas McCombs||USA||M.S. in Technology Commercialization (MSTC)||One year duration.
on-campus or online via remote conferencing
Includes course materials, lodging and some meals during Launch Week as well as during the International Trip
|2.||Indiana University – Kelley School of Business||USA||MS in Entrepreneurship & Innovation||15 months – 3 years||$1,380 per credit hour (MS has 30 credit hours)|
|3.||Northeastern University – D’Amore-McKim School of Business||USA||MS in Innovation||Part-time on-campus or 100% online||$1,640 (per credit hour)
30 credit hours
|4.||Temple University – Fox School of Business||USA||Master of Science in Innovation Management and Entrepreneurship||1 year full-time, 2-3 years part-time
Classes offered in-person, online or through a hybrid of the two
|$1,114.00 per credit – 30 credits|
|5.||Arizona – Eller||USA||Entrepreneurship (MS)||12 months – online||18 units of core coursework and 12 units of electives – Tuition for 1 unit $1000|
MS in entrepreneurship curriculum
The course structure would vary depending upon the school and the specialisation they offer.
The core courses usually cover the fundamental business topics for entrepreneurs including marketing management, operations management, strategic management, finance for entrepreneurs, fundamentals of entrepreneurship, to name a few.
A lot of schools engage students in real-life cases, thus helping students pick up entrepreneurial skills in the process. At Babson, which has retained its no. 1 position for entrepreneurship over the years, there is focus on experiential learning which includes working on projects involving real-world issues and proposing solutions, international entrepreneurship experience (travel to international destinations) and team-work to develop a business that addresses a problem.
Schools also provide internship opportunities; EDHEC Business School has 3-6 months of internship at an international destination; this opportunity can be made use of to find a job or build valuable contacts.
In the UK, programs usually include an MSc thesis project / research dissertation.
Students can choose electives based on their interests and future goals. The choice of electives varies depending on the school. Here’s a representative sample of electives
- New venture creation
- Venture growth strategies
- Project management
- Managing growth
- Family business
- M&A for entrepreneurs
- New product development
- Social entrepreneurship
- Entrepreneurial mindset
MS in entrepreneurship – Admissions requirements
Prerequisite for MS in entrepreneurship
An undergraduate degree or equivalent is required. Some programs may have a work experience requirement, so make sure you’ve checked the admissions details of the school where you wish to apply.
- Statement of purpose / Essays
- Letters of recommendation
- Academic transcripts – undergraduate and graduate
- GMAT or GRE score (may or may not be required)
- English language requirement
Masters in entrepreneurship salary
Some graduates may decide to start their own venture immediately on graduation while others may wish to acquire some industry experience before taking the plunge. The average salary would depend greatly on a wide variety of factors, including location, industry and type of role taken.
According to PayScale, the average US salary after MS in entrepreneurship degree is $69,000.
At HEC Paris, 75% of students launch their own start-up. The average starting salary was €51,000.
At Vlerick, the average salary was $64,768 three years after graduation.
MBA or MS in entrepreneurship
The debate would continue whether an MBA with an entrepreneurship focus or Masters in entrepreneurship would be a better option. Though an MBA offers more flexibility in terms of multiple career choices, an MS in entrepreneurship has significantly lower tuition and can be completed much faster with most of the programs having a duration of a year or lesser.
An MBA applicant would be required to have significant work experience (3-5 years or higher) while applying whereas work experience is not required for applying to most of the MS in entrepreneurship programs. MBA graduates, especially from the top-tier business schools can expect a much higher salaries than MS graduates. A lot would depend on your priorities, including career goals, time availability and budget.
Is your start-up waiting to see the light of day? What’s stopping you from taking the leap? With so many reputed schools and universities offering specialisation in entrepreneurship, you could nurture your business idea and transform it into a sustainable business.
– 5 tips for MBA students planning to launch their own business after graduation
References: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46