A postgraduate degree in Entrepreneurship prepares you for a wide variety of career opportunities, including the chance to launch your own business, operating as a business consultant, and innovating with exciting new start-ups. The sky’s the limit on what you can do.
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The Entrepreneurship community is much easier to enter with a Masters degree. But before you apply for any postgraduate course, it’s important to do the groundwork first. Here we cover everything you need to know about studying for a Masters in Entrepreneurship, including the best universities and your future options.
What Is A Masters In Entrepreneurship?
A Masters in Entrepreneurship is a demanding and intensive program designed for students who want to enter the heady world of business. The aim of the programme is to turn you into a responsible an engaging entrepreneur who is at the forefront of innovation in business.
The degree often combines innovation and management core modules, and focuses on analysis of fundamental issues surrounding entrepreneurship from various perspectives, including the global economy and the structure of organisations themselves. There will be opportunities to write a business plan, design marketing strategies, as well as develop your own venture ideas.
After completion, you will have a better understanding of political, social and management theories, as well as various economic approaches. This will enhance your understanding of entrepreneurship.
The course can last for twelve months if taken as a full time course, or up to 2 years as a part time course.
The exact topics covered in a Masters in Entrepreneurship will be dependent on the program offered by the university you have chosen. But some of the core modules you can expect to study include the following:
- Business Economics
- International Marketing
- Project Management
- Strategic Management
- Business Models and Intellectual Property
- Innovation Management
- Venture Capital and Growth Finance
You will be expected to demonstrate either potential or proven experience required to succeed in entrepreneurship or innovation. Admission is super competitive, and a selection committee will carefully consider every aspect of your application before making a decision.
In terms of academic requirement, a First or Upper Second Class Honours degree in any discipline is normally a prerequisite. However, if you have a proven track record, a Lower Second Class honours degree might be enough. A strong personal statement will also improve your chances of being accepted. In your personal statement, you should outline your entrepreneurship or innovation credentials and provide in full the details of your experience.
Some postgraduate degrees in Entrepreneurship may require students to attend an entrance interview. To help you understand postgraduate interviews we have put together an article for the top 10 questions that are likely to pop up and the best ways that you can answer them: Top 10 Postgraduate Interview Questions.
The obvious answer to this is that a Masters in Entrepreneurship arms you with the knowledge needed to launch your own small business. Alternatively, you might want to use your new skills to get on-board with a fledgling new startup. Last year, there were over 600,000 new businesses launched in the UK alone, which means you will never be short of options.
Alternatively, if you're not immediately ready to launch your own business, your new degree can be used in other ways. Possibly careers you could enter include:
- Mid-level management
- Business consultant
- Research and development
- Not-for-profit fundraiser
- Business Reporter
Other possible careers open to you after graduation include marketing, IT development, academia, social enterprise and consultancy.
If you have any other questions about a Masters in Entrepreneurship, feel free to contact a member of our staff today to request more info.