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Why Study An MBA In Entrepreneurship In India?

Entrepreneurship and innovation are rapidly growing graduate sectors in India. Find out why you should consider studying an MBA in Entrepreneurship in India

By  Archit Gupta

Thu Oct 26 2023

BusinessBecause
An MBA in Entrepreneurship is a specialized program designed to prepare individuals for the challenges and opportunities associated with starting, managing, and growing their own businesses. 

This program equips students with the expertise, skills, and professional network to help them thrive as trailblazers and business founders. 

India is becoming a global hub for entrepreneurship and innovation, with the number of startups increasing by more than 68,000 between 2014 and June 2023.

Sandeep Gupta, founder of the GMAT and GRE coaching company, Top One Percent, explains some of the reasons for this rapid growth. 

“Factors include a cultural shift that values innovation over traditional long-term job security, success stories of local startups on a global scale, government policies such as ‘Startup India’, market potential, and increased access to technology." 

While it's helpful to have a background in commerce, accounting, or statistics when applying for this specialized MBA, throughout the program you will gain the necessary tools to succeed in innovation and entrepreneurship. 

"People are more inclined towards Entrepreneurship MBA programs because they offer unique skills and knowledge to navigate through the startup ecosystem. 

"They foster innovation, provide mentorship, give access to networking opportunities, connect candidates with business leaders, and help turn ideas into viable businesses," Sandeep Gupta adds.


Eligibility For MBA In Entrepreneurship

The specific criteria for admission to an MBA program with an entrepreneurship focus may vary from one institution to another. However, in most cases, business schools typically request the following:

- Professional experience: Usually, candidates are expected to possess three to five years of relevant professional experience, although this requirement can differ.

- Undergraduate degree: An undergraduate degree is a fundamental prerequisite.

- GMAT/GRE score: A competitive GMAT or GRE score is often a mandatory component of the application process.

- Employer recommendations: Many programs may seek recommendations from your current or former employers to assess your suitability for the program.


MBA In Entrepreneurship: course content

Typical courses in an Entrepreneurship MBA may include:

- Idea Generation for Start-ups: Focusing on techniques and methods for generating innovative and viable business ideas.

- New Venture Feasibility: Examining the process of evaluating the practicality and potential success of a new business venture.

- Financing, Managing, and Marketing New Ventures: Covering essential aspects of financial management, operations, and marketing strategies for startups.

- Legal Structures for New Businesses: Exploring the legal frameworks and structures relevant to establishing and running a new business.

- Sustaining a Startup: Strategies and tactics for ensuring the long-term sustainability and growth of a startup.

- Venture Capital: Studying the role of venture capital in funding and supporting entrepreneurial ventures.

- Entrepreneurial Strategies: Analyzing different approaches and strategies employed by successful entrepreneurs.

- Social Innovation and Entrepreneurship: Focusing on entrepreneurial solutions for social and environmental challenges.

- Product Design and Marketing: Exploring the design and marketing aspects critical for product development and success in the market.


What you need to pursue an MBA in Entrepreneurship in India

- A clear business venture plan: You might consider an MBA in Entrepreneurship when you have a well-defined plan for a business venture you want to pursue. Having a concrete business idea can help you apply the knowledge and skills gained during the program effectively.

- Commitment and dedication: Success in an Entrepreneurship MBA requires dedication and hard work. If you're serious about your business aspirations and willing to engage in all program components, it's the right time to pursue this degree.

- An understanding of the curriculum: Ensure you understand the curriculum and how the knowledge gained will apply to different aspects of your business. You should be ready to use this knowledge to benefit your entrepreneurial endeavor.

- A business-oriented background: Students who have been exposed to business dynamics and networks in their work or background often find an MBA in Entrepreneurship particularly beneficial.


Top colleges for MBA in Entrepreneurship in India

Here’s the list of colleges offering an MBA in Entrepreneurship with their approximate fees in both Indian Rupees (INR) and US Dollars (USD):

Symbiosis International University – INR 7.8 Lakhs ($10,590)

University Business School, Panjab University – INR 1 Lakh ($1,355)

Amity Business School – INR 10.6 Lakhs ($14,376)

Manav Rachna International Institute of Research and Studies – INR 5.29 Lakhs ($7,174)

Chandigarh University – INR 3.7 Lakhs ($5,014)

Royal Global University – INR 4.48 Lakhs ($6,065)

FLAME University – INR 15.8 Lakhs ($21,418)

K R Mangalam University – INR 5 Lakhs ($6,774)

SAGE University – INR 2 Lakhs ($2,710)

Rabindranath Tagore University – INR 1.4 Lakhs ($1,899)

NMIMS – INR 7.5 Lakhs ($10,135)

DY Patil University’s School of Management – INR 4.2 Lakhs ($5,685)

GRG School of Management Studies – INR 56,000 ($759)

Karunya School of Management – INR 2.44 Lakhs ($3,309)

BIMS Kottayam – INR 2.85 Lakhs ($3,862)


MBA in Entrepreneurship jobs

Job profiles for MBA in Entrepreneurship graduates include small business owners, business consultants, business reporters, sales managers, and fundraisers and development officers. 

Small business owners plan, execute, and manage their own business ventures, while business consultants provide expert advice on enhancing business practices. Business reporters gather and analyze news and trends, sales managers focus on achieving sales targets, and fundraisers and development officers work on raising funds for various organizations, both governmental and non-governmental.