An online MBA program can be an excellent career investment for individuals seeking to advance their careers or launch a new business. Whether you want to switch industries or become an entrepreneur, this degree will equip you with a comprehensive skill set and invaluable networks.
In several articles, experts spotlight customers who have successfully done just that with their degrees.
Earn an Online MBA in Entrepreneurship
An online MBA in entrepreneurship prepares you to launch or manage new business ventures. You may also use your skills to improve existing company practices, products, or services. Many of these programs offer flexible coursework so you can continue working while advancing your career.
Entrepreneurs contribute to America’s economy, driving growth and creating value across industries. You can find entrepreneurs everywhere, from kids mowing lawns to restaurant owners to independent graphic designers and dog walkers. The Bureau of Labor Statistics reports that entrepreneurs have some of the highest earnings in management occupations, with those in investment services and the extraction, distribution, and transportation of natural resources earning the most.
To get started on your MBA in entrepreneurship journey:
Research different programs to identify which one best fits your goals and budget.
Consider the curriculum, class size, faculty credentials and experience, internships, and available financial aid options.
Talk to an admissions counselor about the application process and requirements.
Learn the Skills You Need to Start or Grow a Business
Online MBA programs like William Paterson University offer students the skills to evaluate risks, capitalize on business opportunities, and run a company. They also gain experience managing budgets, hiring and firing employees, and securing financing. An MBA focusing on entrepreneurship is often the right choice for individuals interested in creating their innovations and not afraid to roll up their sleeves to make their ideas a reality.
The ability to lead innovation and create value helps entrepreneurs succeed in many industries. According to the Bureau of Labor Statistics, top executives in management earned a median salary per year in 2018. A graduate earning an MBA focusing on entrepreneurship can work in any industry and pursue roles such as project manager, marketing manager, or CEO. Those seeking career advancement may opt to earn additional certifications, such as a project management professional (PMP) or a certified supply chain professional.
Earn a Lucrative Occupation
In addition to providing the skills needed to create and manage your own business, earning an online MBA entrepreneurship can qualify you for several lucrative occupations. According to the Bureau of Labor Statistics, individuals with degrees in this field can find employment as business and financial managers, marketing consultants, research and development specialists, and recruiters.
Students interested in pursuing this degree should review the curriculums featured by each program they are considering to ensure it aligns with their career goals and aspirations. Other factors to consider include cost, class sizes, graduation requirements, and accreditation status.
Most programs require applicants to hold bachelor’s degrees and submit recommendation letters, application essays, and resumes demonstrating work experience. Many also call for GMAT/GRE test scores, though waivers are often available for candidates with significant professional and academic experience. Those accepted to these programs typically graduate in about two years when enrolled full-time.
Gain a Strong Network
As students progress through their MBA program, they gain access to a strong network of mentors and peers. This network can be tapped for career advice, guidance, or even a job offer. As a result, the alum community formed by online MBA programs can be an invaluable resource throughout one’s professional life.
An MBA degree can help professionals advance in their current industry or change careers entirely. In addition to providing valuable skills, the program equips graduates with the confidence to take risks and launch a new venture.
Unlike on-campus programs, online MBA programs allow professionals to continue working full-time while pursuing their degrees. This enables them to quickly apply their newly acquired skills while allowing employers to support their continued education. With the ability to learn asynchronously, online MBA graduates can study independently, whether on breaks at work or during family vacations.
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