An Overview of MBA in Entrepreneurship: Courses, Careers, and More
A solid concept is not enough to launch and expand your business. Whether you’re starting a social company, scalable start-up, or physical firm, the secret to success is executing your vision expertly. Getting the knowledge and abilities required to transform your passion and purpose into a successful business is possible with an MBA. But not everyone is a good fit for an MBA. The secret is to comprehend the advantages of an MBA and how they may support you in reaching your particular objectives.
Does an Entrepreneur need an MBA?
Even though many would-be company owners are eager to implement their ideas, enrolling in an MBA in Entrepreneurship program concurrently can only aid in the expansion of your enterprise. When completed properly, an MBA gives you the practical expertise to operate a firm more effectively without delaying your startup. What you learn may be put to use right away to help your business flourish. Did you know that 20 percent of MBA students go on to establish their own businesses? Unbelievable?
We think you are aware of business moguls such as T. V. Srinivasan (MD of TVS Motors Company), Richa Kar (founder and CEO of Zivame), Ratan Tata (chairman emeritus of TATA SONS), Kumar Manglam Birla (chairman of Birla Group), and Ananda Mahindra (chairman & MD of Mahindra & Mahindra). That is correct, really. They are all accomplished business people with respectable MBA degrees who are well-established! What, therefore, has made an MBA required for entrepreneurship these days?
This is due to the fact that cultivating an entrepreneurial mindset is essential for being an effective corporate leader. In the modern world, entrepreneurs are the pillars that sustain the social and economic circumstances of nations everywhere. In terms of business endeavours, entrepreneurs are driven, imaginative, and fervent. Entrepreneurs who are successful are able to assess the likelihood that a firm will succeed or fail even before it opens for business.
Introduction to MBA in Entrepreneurship
A two-year post-graduate program consisting of four semesters, the MBA in Entrepreneurship equips students with the professional networks, knowledge, and abilities needed to launch their own business. An MBA in Entrepreneurship is a multidisciplinary focus program that prepares students with an entrepreneurial spirit to launch and grow their own companies. Through regular seminars, case studies, and project-based tasks, the curriculum facilitates students’ learning.
The goal of an MBA program in entrepreneurship is to provide students with the skills necessary to generate company ideas, turn those ideas into goods and services, and then develop a business plan to launch the concept onto the market. Making strategies, taking an action-oriented approach, seizing opportunities, being proactive, being innovative, being able to take risks, having self-control, integrity, being decisive, using logical reasoning, analysis, and evaluation skills are among the fundamental abilities that a participant in the program gains.
If, on the other hand, you are not a family company owner and have a natural flare for entrepreneurship, you would naturally want to launch your own firm. An MBA in Entrepreneurship will help you achieve success if you have strong business or entrepreneurial abilities to turn your business strategy into a reality and be a formidable competitor in the market. The program’s focused coursework assists you in learning every facet of managing a profitable business.
The Curriculum Across Four Semesters
Semester 1
The paths of prospective entrepreneurs begin with formation. Here, participants map opportunities, develop business models, and produce minimal viable product prototypes. Through the use of several cutting-edge software tools, this procedure not only entails learning theoretical information but also demonstrates its actual implementation.
Subjects:
- Entrepreneurship
- Innovation Fundamentals
- Design Methods & Processes
- Business Design
- Megatrends & Design Futures
- Emerging Technologies & Innovation
- Critical Thinking & Communication
Semester 2
The paths of prospective entrepreneurs begin with formation. Here, participants map opportunities, develop business models, and produce minimal viable product prototypes. Through the use of several cutting-edge software tools, this procedure not only entails learning theoretical information but also demonstrates its actual implementation.
Subjects:
- Principles of Management
- Managerial Economics
- Legal Aspects of Business
- Research Methodology
- Internship and Industry/Start-up Exposure
Semester 3
By investigating the legal nuances of intellectual property, students get an understanding of the foundations of business. They work using marketing tactics, financial concepts, and an international viewpoint that takes cultural quirks into account.
Subjects:
- Marketing
- Finance / Fund Raising
- IPR (Intellectual Property Rights)
- Organization Behavior / Team Building
- Project Management
- Global Business
Semester 4
Learners will gain the ability to grasp the complexities of invention and entrepreneurship, resulting in the creation of an extensive business plan. Through strong industry ties, the program guarantees ongoing access to a large network of investors, entrepreneurs, and forward-thinking businesses.
Final Assignment:
- Capstone Project /Start-up Pitching/Business Plan – Showcase entrepreneurial abilities with a thorough business plan or startup pitch, integrating learnings. Showcase your strategic thinking, inventiveness, and entrepreneurial spirit to make a meaningful difference in the real world.
Eligibility Criteria
Applicants must have completed 50% of the required points from a recognized university or other institution in order to graduate from a Bachelor’s degree program in any stream. For admission, the majority of colleges accept scores from tests like as the CAT, MAT, XAT, CMAT, ATMA, MAH CET, etc. A Statement of Purpose (SOP) must be submitted in order to apply to MIT ID Innovation. The SOP will then be reviewed and an interview round will be held. Students in their last year of graduation are able to apply to this MBA in Innovation & Entrepreneurship program, albeit they still need to complete and pass the graduate degree.
Career Scope in Job World
Upon completion of an MBA program in entrepreneurship, graduates may choose to pursue careers in business journalism, consulting, new venture development, fundraising, development officers, and other related fields. An MBA in Entrepreneurship graduate may expect to make between INR 6 LPA and INR 16 LPA on average.
MBA in Entrepreneurship at MIT ID Innovation
For the modern inventor, there is a two-year MBA program in Entrepreneurship in MIT ID Innovation. This curriculum comes from a design school, which sets it apart from similar courses at business schools and gives students a unique perspective on innovation and entrepreneurship. Additionally, students have unmatched access to entrepreneurial resources thanks to its tight collaboration with the Atal Incubation Centre, Institution Innovation Council, and CRIEYA at MIT ADT University. This curriculum, which is in line with NEP 2020, enables students to graduate with a PG Diploma in Innovation in just one year.
You’ll develop an entrepreneurial attitude and learn how to effectively use creativity, innovation, and design thinking to solve real-world problems. Your capacity to navigate and contribute to the changing landscape will be shaped by the insights you gain into the contemporary trends, technology, and business models that are redefining many sectors.
This program is designed for innovative, forward-thinking leaders who want to make a meaningful impact on the world. This curriculum equips professionals in business, engineering, design, and the arts with the necessary knowledge, abilities, and perspective to realize their ideas and leave a lasting impression. In addition to prospective business owners, it also accepts those who want to work in venture capital, consulting, social entrepreneurship, or as innovation leaders in already-established companies. Graduates are prepared for a wide range of positions, such as product designers, consultants, company founders, innovation managers, and more.
How This Is Different at MIT ID Innovation?
At MIT ID Innovation, we redefine learning with our 1-Year Diploma in Entrepreneurship after exit. Unlike traditional programs, we offer an on-campus immersive experience, ensuring direct interaction and hands-on learning. You’ll glean insights directly from industry giants, enriching your understanding of cutting-edge practices. Through our unique approach, you’ll collaborate with incubators, fostering creativity and entrepreneurial spirit. Moreover, we prioritize honing your brand-building skills, equipping you with invaluable expertise for the market.
Our ultimate goal? To empower you to land your dream job, armed with practical experience and a robust innovation mindset. Join us at MIT ID Innovation, where innovation isn’t just taught—it’s lived and breathed.
Frequently Asked Questions
The curriculum equips students with the skills, knowledge, and networks necessary to launch and grow their own businesses.
Applicants must have completed 50% of the required points from a recognized university and submit a Statement of Purpose (SOP).
The MBA in Innovation and Entrepreneurship at MIT ID Innovation offers a unique perspective from a design school and integrates closely with entrepreneurial resources like the Atal Incubation Centre.
Resources include collaboration with incubators, providing hands-on experience and industry insights for students interested in venture capital or consulting.
Yes, students in their final year of graduation can apply, but they must complete and pass their graduate degree.
