If your goal is to start and operate your very own business, choosing to specialize an MBA in Entrepreneurship can help you attain the knowledge that you need to succeed. A Master of Business Administration is an advanced degree designed for business professionals who want to go far in their respective industry. While there is a general degree program that covers many different core subject areas, students also have the option to specialize their degree so that they can learn specific skills that will benefit them throughout their careers. The first step for you as a student is to find a school with a quality entrepreneurship program. Read on, and learn what you need to know about the specialization.
Find Accredited Programs Specializing in Entrepreneurship
There are dozens and dozens of schools that offer various MBA programs to students who meet the admissions criteria. Some of these programs are available in-class and some of these programs are available online. It is critical that you find an accredited program that meets the strict standards of a third-party and unbiased agency like the Association to Advance Collegiate Schools of Business . This agency is an internationally recognized accreditation body that sets the standards for master’s level business programs. By searching for programs that are actively accredited by this agency, you will have peace of mind in knowing that your degree will be recognized. After you narrow down your list of prospective institutions, you can see if they have a specialization in Entrepreneurship.
Select the Right Courses for Your Program of Study
Many MBA programs follow what is referred to as a cohort layout. This means that you must take specific core courses each semester to complete your program of study. Each class will be taken with the same students so that you can build your own network. In addition to the core courses, which include subjects like marketing, operations, financial management, managerial economics and financial reporting, you will need to take themed courses in entrepreneurship. While some of the courses are optional, there may be a list of classes that you are required to pass prior to graduation. Some of the courses that you can expect to take to become an expert in entrepreneurship include: Financing an Emerging Enterprise, Business Plan Development, International Business, Corporate Entrepreneurship and more. The number of credits you must take will vary from school to school.
Meet the Admissions Requirements Prior to Deadlines
Now that you know what to look for, it is time to start planning for your application period. Every school had their own application and admissions requirements. Failing to meet these requirements months before the application deadline hits can land you in hot water. You do not want to miss out in the next semester, because you failed to repair. You should take your GMAT exam, have your scores submitted to the proper school, and also have any essays ready. Doing this will make filling out your application easier.
Related Resource: Modular MBA
Statistics show that many entrepreneurs fail within the first years of opening their business. The main reason for this is a lack of experience and knowledge. If you want to get the knowledge that you need to plan your start up, earning your MBA is key, and choosing to specialize an MBA in Entrepreneurship will prove to be valuable in the long run.
