Online MBA programs in entrepreneurship should allow you to breathe life into a sluggish economy by becoming an entrepreneur. Entrepreneurs generally work as consultants in their areas of expertise or jump head first into the creation of companies that could become major corporations.
According to the Pew Research Center, about 11% of workers are self-employed as small business owners, doctors, lawyers, accountants, and consultants. Others are struggling to start up companies, just like Stanford entrepreneurs Bill Hewlett and Dave Packard did in a Palo Alto garage in 1939, to jump-start HP.
Online MBA Programs in Entrepreneurship: Career Opportunities
After examining Bureau of Labor Statistics (www.bls.gov) data, Scott Shane, who teaches Entrepreneurial Studies at Case Western Reserve University's Weatherhead School of Management, says that in coming years entrepreneurs should crop up in growing sectors which lend themselves to self-employment, including:
- Professional Services
- Office Management
- Social Assistance
Entrepreneur salaries, meanwhile, vary widely. The median annual personal income of self-employed workers in 2008 was about $35,357, according to the Pew Research Center. However, the salary of a self-employed professional with an established practice or a business owner whose product was launched at the right time could be in the millions of dollars. Spaniard Amancio Ortega - the owner of Zara - initially produced clothing in his living room, according to Forbes, which now lists him among the top ten richest men in the world. (Forbes, 2012)
Online MBA Programs in Entrepreneurship: Education Options
Online MBA programs in entrepreneurship combine core and specialization courses with a final project. Entrepreneurship and related classes can include:
- Entrepreneurship and New Venture Creation
- Building and Funding an Entrepreneurial Venture
- Business Operations in the U.S. and Abroad
- Financial Management
- Business Strategy for Competitive Advantage
After entrepreneurship training students should be ready to hit the ground running, either to start their own companies or foster business enterprises within established organizations.
Additional Resources for Entrepreneurship MBA Prospects