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What is Entrepreneurship?
Entrepreneurship is a field of study emphasizing the processes and activities associated with designing, launching, and operating a business. An entrepreneur is an individual who possesses the grit and capacity to organize, develop, and manage resources of a business. Entrepreneurs also must analyze the internal and external risks of a business concern in order to consistently generate a profit.
According to the BLS, entrepreneurship is a vital role in the growth of the United States economy. In fact, the SBE estimates that some 25 million jobs exist from companies with twenty or fewer employees in the United States. Thus making entrepreneurship a critical cog in the growth of our economy.
In a traditional sense, an entrepreneur is associated with managing capital and resources in an prudent fashion to leverage business opportunities and market inefficiencies. In modern times, business-minded visionaries are often associated with being cultural icons and market-makers. To determine if earning an entrepreneurship degree is right for you by diving deeper into degree programs, education requirements, job outlook, and resources for entrepreneurs.
Top Degrees in Entrepreneurship
Earning a college degree in entrepreneurship will help students understand, analyze, and assess business opportunities. In addition to the core analysis skills, students will also learn essential business acumen to operate a thriving business or start-up. Degrees that you can earn in this field of study are vast. From undergraduate degrees through graduate programs, a range of degree types exist to select.
Students have the opportunity to earn a degree in entrepreneurship online or in a traditional classroom setting. In a real sense, the advent of distance learning degrees has nearly doubled the tracks available to students. Online learning has unique aspects of access, flexibility, and independence that may work well for one student over another student. To help you make the most of your college research, we have summarized the degree programs below in one convenient location.
Associate Degrees in Entrepreneurship
Online associate degrees can be found in most course catalogs as an Associate of Arts (AA) degree. Associate degrees are designed to be completed in 2-years of full-time work. Part-time students will take longer as a function of course load and the program requirements. AA degrees in business management will fuse liberal arts classes with core business classes. By combining both, students are provided a more holistic education with a set of integrative thinking skills.
Liberal arts classes may include history, communications, statistics, philosophy, psychology, and sociology. On the other hand, core classes will provide students with classes such as economics, finance, business, law, organizational behavior, communications, logistics, and technology. Students earning an AA will be equipped to begin a career in business or move on to a qualifying bachelor degree program in the field.
Bachelor Degrees in Entrepreneurship
An in-class or online bachelor’s degree can be conferred as either a Bachelor of Arts (BA) or Bachelor of Science (BS). How a degree is conferred depends on the curricular emphasis of the program and weight on programs. Bachelor degrees will typically take 4-years of full-time study to complete. Akin to the structure of an associate’s degree, the bachelor degree melds general education courses with core classes. However, bachelor degrees are broader and provide deeper insights when compared to lower-level degree programs and certificate tracks.
Examples of core classes you will typically find in a bachelor’s degree program include the following:
- Management and Leadership
- Business Statistics
- Business Law
- Human Resource Management
- Marketing & Advertising
- Financial Management
- Strategic Business Management
- Information Systems
Master Degrees in Entrepreneurship
Master’s degrees in business management can be earned online or in class. Degrees can be conferred as a Master of Arts (MA), Master of Science (MS), or a Master of Business Administration (MBA). Programs prepare students to manage large and small businesses ranging from non-profit organizations to small, private start-ups to large public corporations. Some schools allow students to create a degree path with varied classes approved by an academic advisor while others have a set curriculum.
Upper level classes in entrepreneurship may include a variety of classes to prepare students for a fruitful career after graduation. Classes may include courses such as: leadership, managing others, managing change, organizational design, resolving conflict, data management, statistical analysis, innovation, data analytics, financial management, operations management, and resource allocation.
Doctorate Degrees in Entrepreneurship
Doctoral degrees in entrepreneurship can be conferred as either a Doctor of Business Administration (DBA) or a PhD in Business Management. Degree programs at this level will take 3-5 years to complete depending on the length of time it takes to successfully complete the dissertation coupled with course requirements. A specialty doctorate degree in entrepreneurship will help qualified students master business concepts with a varied of hands-on learning, case studies, and research modalities.
Classes will help graduate students think differently about core business concepts and challenge the status quo. Examples include courses such as organizational leadership, fiscal leadership in a global environment, global IT management solutions, business strategy & innovation, applied business research fundamentals, B2B marketing, advertising in the 21st Century, and social media marketing.
Entrepreneurship Education Requirements
Degree requirements in entrepreneurship will include business-heavy classes in addition to technology and communications. Ultimately, each university will have their own curricular requirements depending on the degree level and design of the course. Researching dozens of college programs has revealed a common set of courses you will find in entrepreneurship.
- Creative Writing
- Operations Management
- English Language
- Organizational Behavior
- Business Management
- Computer Systems
- Marketing & Advertising
- Math and Statistics
- Human Resource Management
- Organizational Psychology
- Small Business Management
Employment Outlook & Business Specializations
Earning a degree in entrepreneurship requires a full-suite of skills. Possessing and applying a variety of persuasion skills and business acumen are part of every day activities for entrepreneurs. However, not every college graduate earning an entrepreneurship degree will immediately strike out on their own. In fact, many utilize their business skills to enhance acumen and build value in other organizations.
Specializations in business where you may find entrepreneurs is seemingly endless. Examples include public speakers, managers, event planners, leaders, research analysts, directors, marketing managers, project specialists, venture capitalists, web managers, human resources, and operations managers.
Entrepreneur Job Growth
Given the massive impact small business have in our economy, it should be no surprise that entrepreneurship is poised for continued growth. The Department of Labor and the BLS have tallied growth in various management positions to provide a proxy for entrepreneur growth. Employment growth for operations managers is projected to be 9%, administrative service managers at 8%, and a robust 15% for information systems managers. To learn more about careers of interest, simply request information from accredited schools and dive deep into our list of top majors.
List of Associations for Entrepreneurs
- Entrepreneurs’ Organization
- National Collegiate Inventors and Innovators Alliance
- The National Foundation of Women Business Owners
- Corporate Alliance
- International Franchise Association
- National Business Incubator Association
- Family Firm Institute
- National Venture Capital Association
- Small Giants
- Collegiate Entrepreneurs Organization
- Students in Free Enterprise
- Young Entrepreneur Council
- Young Presidents’ Organization