{"id":44432,"date":"2019-12-30T21:51:44","date_gmt":"2019-12-30T21:51:44","guid":{"rendered":"http:\/\/www.augsburg.edu\/mba\/?p=44432"},"modified":"2022-02-17T18:59:17","modified_gmt":"2022-02-17T18:59:17","slug":"mba-in-entrepreneurship-guide","status":"publish","type":"post","link":"https:\/\/www.augsburg.edu\/mba\/mba-in-entrepreneurship-guide\/","title":{"rendered":"Complete Guide to Getting an MBA in Entrepreneurship"},"content":{"rendered":"

Do you have an undergraduate degree and have a desire to pursue a career in business, perhaps by starting your own company or being involved in the start-up process? Or, maybe you already have an established business career but would like to earn a higher salary or climb further up the corporate ladder? You may be wondering how you can shine in a competitive industry full of eager entrepreneurs. \"MBA<\/a><\/p>\n

One of the best ways to stand out and prepare for a successful future is to acquire an MBA in entrepreneurship from Augsburg University, one of the three top MBA programs for entrepreneurship in the Twin Cities.<\/p>\n

The Augsburg MBA program is designed to equip students for the fast-paced and ever-evolving business world that we live in today. This program creates critically and ethically minded citizens who are eager to tackle the challenges inherent in the global business environment<\/b>.<\/p>\n

What is an MBA Concentration in Entrepreneurship?<\/b><\/h2>\n

In order to discover if a concentration in entrepreneurship is suitable for you, you should familiarize yourself with the program details and explore how graduates stand to gain from it. This particular concentration targets risk assessment, business ethics, social responsibility, and new product and service development. It will also enable you to transform your theoretical business ideas into realistic business proposals.<\/p>\n

One of the most valuable aspects of this program is the real-world experience<\/b> we offer our students to ensure that their educational frame of reference is the real world and not confined to unrealistic textbook examples. Beyond the stimulating coursework, this program offers a huge boost for your career. Completing this program makes you more marketable than someone with a business degree. Your larger knowledge base will allow you to begin your career on a higher level and earn a higher salary.<\/p>

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Master\u2019s in Entrepreneurship vs. MBA in Entrepreneurship<\/b><\/h3>\n

What degree does an entrepreneur need? A master\u2019s degree in entrepreneurship is often confused with a Master of Business Administration in entrepreneurship. The more fitting degree choice largely depends on your personal career trajectory. At an elementary level both degrees are intended to provide advanced learning opportunities for ambitious and driven entrepreneurs, yet there are some significant but subtle differences between the two.<\/p>\n

An entrepreneurship master\u2019s degree is a science <\/b>degree. As the Master\u2019s in Business Degree Guide<\/a> states, \u201cThe curriculum teaches the fundamentals of a specific science while applying business applications related to the science.\u201d A master\u2019s in entrepreneurship teaches students the intricacies involved in applying scientific methods to starting and running a business.<\/b><\/p>\n

In contrast, an MBA in entrepreneurship is a well-rounded degree with an emphasis on leadership, data analytics, finance, and accounting. It balances a creative approach to business that stresses innovation and resourcefulness. MBA in entrepreneurship subjects include business ethics and social responsibility with a healthy dose of the quantitative skills needed to run a successful business.<\/p>\n

Entrepreneurship Master\u2019s Degree: Pros and Cons<\/b><\/h4>\n

The benefits of obtaining a master\u2019s degree in entrepreneurship are mostly related to the acquisition of a PhD<\/b>. Due to the more scientific nature of the master\u2019s curriculum, someone with this degree is better suited to continue on the research path. On the other hand, a master\u2019s degree doesn\u2019t have as strong of an experiential learning component and isn\u2019t as well-rounded or as comprehensive as an MBA program.<\/p>\n

MBA in Entrepreneurship: Pros and Cons<\/b><\/h4>\n

The benefits of an MBA in entrepreneurship are plentiful. Those who have established business careers and choose to obtain an MBA in entrepreneurship set themselves up to earn a higher salary and be excellent leaders. The education involved in earning this degree is more well-rounded, involving a liberal arts education.<\/p>\n

Core Curriculum for an MBA in Entrepreneurship\u00a0<\/b><\/h2>\n

The core curriculum for an MBA in entrepreneurship is comprised of a year-round accelerated program that is completed in 26 <\/b>months, with classes in the evening. We have structured it this way so that both students and working professionals can obtain an entrepreneurship MBA without having to compromise their current careers or internships.<\/p>\n

This is accomplished using a cohort model<\/a> in which students follow a predetermined schedule with classes meeting only night per week.\u00a0 In this model, students learn in a continually collaborative environment and remain in the same group for the entire program. The actual curriculum requires 12 <\/b>core courses and two <\/b>entrepreneur concentration courses.<\/p>\n

Augsburg\u2019s MBA in Entrepreneurship Syllabus<\/b><\/h3>\n

To get an idea of what the actual classes and schedule look like, here is a sample MBA entrepreneurship syllabus:<\/p>\n