If you crave a career path that lets you be your own boss, consider a degree in entrepreneurship. We can show you the top schools offering programs that match your entrepreneurial spirit and put you in control of your own future.
Types of Entrepreneur Degrees
Entrepreneurial studies are becoming increasingly popular, and numerous online and traditional colleges now offer two-year Associate of Entrepreneurship degrees. A four-year Bachelor of Arts in Entrepreneurship is another option. You can also enroll in a Master of Business Administration degree program with a specialty in Small Business Management and Entrepreneurship, or continue on to earn a Doctorate in Entrepreneurship at one of the country's top universities or business schools. Some schools focus their programs on specific specialties, such as technology, to give graduates a head start in their chosen field.
Admission Requirements for Entrepreneur School
For admission to an associate or bachelor degree program in entrepreneurship, colleges and universities look for a high school graduate with a demonstrated aptitude for maths and writing. If you decide to continue on to an MBA in entrepreneurial studies, you will need a bachelor's degree to qualify for the program, but not necessarily one in a related subject. To help you succeed, some colleges may recommend that you take courses such as management basics, introductory accounting and finance, and business theory before enrolling in their degree program. Depending on the school you choose, a GPA of 2.0 or higher will be a requirement. To enter a doctoral program, universities expect you to have an undergraduate or master's degree in a related field, and at least a 3.0 GPA.
Career Prospects for Entrepreneurship Graduates
An entrepreneur degree can lead you to an exciting and rewarding career running a start-up or small business in the industry of your choosing. Small businesses offer virtually unlimited opportunities for success. According to the Small Business Administration, "the small business sector is growing rapidly. While corporate America has been 'downsizing', the rate of small business 'start-ups' has grown, and the rate for small business failures has declined."1 The Bureau of Labor Statistics says that "Entrepreneurship plays a vital role in the growth of the U.S. economy."2 Many graduates become entrepreneurs, then grow their businesses and hire employees. In 2010 alone, new businesses open one year and less created 2.1 million jobs.
Potential Salary of an Entrepreneur
According to the most recent US Census Bureau report, the average revenue of a non-employer business was $44,000 in 20113. Business entrepreneurship can be much more lucrative, however. Of the 22.5 million small business owners in the report's non-employer group, 1.6 million had revenues between $100,000 and $249,000, 26,744 reported revenues between $1 million and $2.49 million, and 1,723 reported gross income between $2.5 million and $4.99 million. Revenues of $5 million and more were reported by 538 businesses. The earning potential of entrepreneurship degree graduates who don't stay sole proprietors is more difficult to define, because of the sheer number of different business types that they can choose to pursue.
1 Small Business Administration. http://www.sba.gov/content/small-business-trends
2 The Bureau of Labor Statistics. http://www.bls.gov/bdm/entrepreneurship/entrepreneurship.htm
3 US Census Bureau Report. http://www.census.gov/econ/nonemployer/