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

International £20,000

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

10 months

Part-time

2 years

$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
Overseas: £31,260
9. USC Marshall School of Business USA Master of Science in Entrepreneurship and Innovation (MSEI) 12 months Tuition fees for one credit $1,980 –

27 credits

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

non-resident $40,500

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
Overseas: £20,000
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

MSc

12 months £23,500
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

International $48,750

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
Erasmus University
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

S$46,010

 

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.

Part-time

on-campus or online via remote conferencing

$55,500

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.
 

Elective courses

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
  • Franchising
  • 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.

Application requirements

  • Statement of purpose / Essays
  • Letters of recommendation
  • Resume
  • Academic transcripts – undergraduate and graduate
  • GMAT or GRE score (may or may not be required)
  • English language requirement
  • Interview

 

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.

Read more:

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Babson MBA – Why #1 in Entrepreneurship, but low overall ranking?

5 tips for MBA students planning to launch their own business after graduation
 
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