Daniel D'Souza
Written By - Daniel D'Souza

Check MarkEdited By Darryl S.

Check MarkReview & Contribution By Dr. Jay Connell

Entrepreneurs can build their careers into anything they choose as self-employed individuals with big aspirations. Many entrepreneurs start small businesses, grow startups into large organizations, or find non-profit organizations. An Online MBA Entrepreneurship teaches all the skills necessary to succeed as an entrepreneur, helping graduates create businesses that succeed. It caters to the needs of working professionals and aspiring entrepreneurs globally through a flexible online format. Joining this program opens doors to a dynamic learning experience, fostering innovation and preparing individuals to thrive in the competitive landscape of entrepreneurial endeavors. This page explores the best online MBA in entrepreneurship programs, the benefits of completing the online MBA, and what to expect from an online degree.

Online MBA Entrepreneurship

Table Of Contents

Southern New Hampshire University

PROGRAM: Best & Affordable Online MBA Programs

Southern New Hampshire University is a private, nonprofit, accredited institution with more than 3,000 on-campus students and over 60,000 online students, making us one of the fastest-growing universities in the country. Founded in 1932, we’ve been relentlessly reinventing higher education ever since and have gained national recognition for our dedication to helping students transform their lives and the lives of those around them.

We’re proud to provide affordable, accessible education that students can pursue on our 300-acre campus in Manchester, NH, over our innovative online platform or at our regional centers in Manchester, Nashua, Portsmouth and Salem, NH, and Brunswick, ME.

SNHU has earned the GetEducated.com Best Buy and Best of Business – Best Online Degree awards and is consistently ranked as a top Military Friendly® School by G.I Jobs®.

Best Online MBA Entrepreneurship Programs

Determining the Best Online MBA in Entrepreneurship Programs necessitates thoroughly considering factors like infrastructure, faculty expertise, student support services, program options, affordability, accreditation, and graduation rates. The OMC team meticulously curated a list, ensuring prospective students have a comprehensive evaluation for choosing the most suitable academic path aligning with their educational and professional aspirations. This thorough assessment guarantees a well-rounded perspective when selecting from the top online MBA programs in Entrepreneurship.

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College Name & AddressTuitionGraduation Rate
#1
The University of Texas
110 Inner Campus Drive, Austin, Texas 78705
$11,99886%
#2
University of Illinois
601 E John Street, Champaign, Illinois 61820-5711
$14,99785%
#3
University of Massachusetts
374 Whitmore Building 181 Presidents Drive, Amherst, Massachusetts 01003
$14,01482%
#4
Johns Hopkins University
3400 N Charles St, Baltimore, Maryland 21218-2688
$55,35093%
#5
Syracuse University
900 South Crouse Ave., Syracuse, New York 13244
$38,88083%
#6
Babson College
231 Forest Street, Wellesley, Massachusetts 02457-0310
$89,55093%
#7
The University of North Carolina at Chapel Hill
1533 South Main St., Winston Salem, North Carolina 27127-2738
$9,19675%
#8
Samford University
800 Lakeshore Drive, Birmingham, Alabama 35229-2240
$17,75476%
#9
Temple University
1801 North Broad Street, Philadelphia, Pennsylvania 19122-6096
$16,95674%
#10
National University
9388 Lightwave Ave, San Diego, California 92123
$16,983NA
#11
The University of Texas
800 West Campbell Road, Richardson, Texas 75080-3021
$13,87470%
#12
Azusa Pacific University
901 E Alosta, Azusa, California 91702-7000
$17,59268%
#13
Ball State University
2000 University Ave, Muncie, Indiana 47306
$8,85067%
#14
California Lutheran University
60 W Olsen Rd, Thousand Oaks, California 91360-2787
$19,40668%
#15
Oklahoma State University
107 Whitehurst, Stillwater, Oklahoma 74078-1015
$5,53165%
#16
Ashland University
401 College Avenue, Ashland, Ohio 44805
$6,54065%
#17
Concordia University
12800 N Lake Shore Dr, Mequon, Wisconsin 53097-2402
$11,05264%
#18
Brandman University
16355 Laguna Canyon Road, Irvine, California 92618
$21,96085%
#19
Golden Gate University
536 Mission Street, San Francisco, California 94105-2968
$19,62056%

Source – Integrated Post Secondary Education Data System & University Data
*Tuition rates are for in-state and per year. Program specific rates may apply.
**NA – data not available

Most Affordable Online MBA Entrepreneurship

With the escalating costs of higher education, affordability is a key consideration for students pursuing an advanced degree in entrepreneurship. Recognizing this, the OMC team has meticulously researched and compiled a list of the most affordable Online MBA in Entrepreneurship programs. Despite their cost-effectiveness, these programs maintain high-quality standards, ensuring that financial considerations do not compromise the excellence of education. Explore the curated selection for a balance between affordability and quality in pursuing an advanced degree in entrepreneurship.

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College Name & AddressTuitionGraduation Rate
#1
Fayetteville State University
1200 Murchison Rd, Fayetteville, North Carolina 28301
$3,43834%
#2
Southeastern Oklahoma State University
425 W. University Blvd., Durant, OK 74701
$4,71635%
#3
Oklahoma State University
107 Whitehurst, Stillwater, Oklahoma 74078-1015
$5,53165%
#4
University of the Cumberlands
6191 College Station Drive, Williamsburg, Kentucky 40769
$5,67044%
#5
Louisiana State University-Shreveport
One University Place, Shreveport, Louisiana 71115
$6,19631%
#6
Ashland University
401 College Avenue, Ashland, Ohio 44805
$6,54065%
#7
University of West Florida
11000 University Parkway, Pensacola, Florida 32514-5750
$7,08846%
#8
Post University
800 Country Club Rd, Waterbury, Connecticut 06723
$7,50045%
#9
University of Houston-Downtown
One Main Street Houston, TX 7700
$7,57829%
#10
University of South Florida
4202 East Fowler Ave, Tampa, Florida 33620-9951
$8,35075%
#11
Ball State University
2000 University Ave, Muncie, Indiana 47306
$8,85067%
#12
The University of North Carolina at Chapel Hill
103 South Bldg Cb 9100, Chapel Hill, North Carolina 27599
$9,19675%
#13
Concordia University
12800 N Lake Shore Dr, Mequon, Wisconsin 53097-2402
$11,05264%
#14
Brandman University
16355 Laguna Canyon Road, Irvine, California 92618
$11,88060%
#15
The University of Texas
110 Inner Campus Drive, Austin, Texas 78705
$11,99886%
#16
University of Massachusetts
374 Whitmore Building 181 Presidents Drive, Amherst, Massachusetts 01003
$14,01482%
#17
University of Illinois
601 E John Street, Champaign, Illinois 61820-5711
$14,99785%
#18
City University of Seattle
521 Wall Street, Suite 100, Seattle, Washington 98121
$15,26433%
#19
Temple University
1801 North Broad Street, Philadelphia, Pennsylvania 19122-6096
$16,95685%

Understanding an Online MBA Entrepreneurship Program

An Online MBA in Entrepreneurship Program encompasses a comprehensive curriculum spanning 36 to 48 credit hours. Students engage in core business courses such as financial management and marketing strategy. Specific to entrepreneurship, the coursework explores venture capital, business planning, and startup management. This program sharpens essential skills, including valuation, networking, innovation, and strategic creation, preparing aspiring entrepreneurs for the challenges and opportunities in the dynamic business landscape. The coursework equips students with a versatile skill set essential for success in entrepreneurial ventures.

Curriculum for an Online MBA in Finance Program

An MBA in entrepreneurship begins with general business courses. As students progress through the degree, they start taking advanced courses related to entrepreneurship. Every school creates its own curriculum, but many colleges offer the following courses in their online MBA in entrepreneurship. 

Entrepreneurial Finance

This program explores funding strategies, risk management, and financial decision-making tailored for startups. This course, typically spanning several credit hours, equips aspiring entrepreneurs with the financial acumen needed to navigate the unique challenges of launching and sustaining successful ventures.

Valuation 

This course focuses on assessing the worth of businesses and startups. It equips aspiring entrepreneurs with the skills to accurately evaluate ventures, aiding strategic decision-making and investment processes essential for success in the dynamic landscape of entrepreneurship.

Negotiations 

This course explores the art and strategy of deal-making and equips aspiring entrepreneurs with effective negotiation techniques crucial for navigating partnerships, contracts, and business transactions. It fosters the skills needed to secure favorable outcomes in the competitive realm of entrepreneurial ventures.

Global Perspectives for International Business 

This course provides insights into navigating the complexities of the global market. Aspiring entrepreneurs gain a strategic understanding of international business dynamics, preparing them to expand ventures across borders and thrive in a globalized economy.

Managerial Communications 

This course focuses on sharpening effective communication skills. Aspiring entrepreneurs learn to convey ideas, influence stakeholders, and navigate challenging scenarios. This course equips them with the communication prowess essential for successful leadership and collaboration in dynamic business environments.

Skills Gained in an Online MBA in Entrepreneurship Program

Entrepreneurs require a large set of skills to succeed in future ventures. An online MBA in entrepreneurship gives aspiring entrepreneurs the skills they need to start their first business. Some important skills covered in the MBA program include:

  • Developing a strategic mindset for entrepreneurial decision-making.
  • Understanding financial management, valuation, and entrepreneurial finance.
  • Fostering creative thinking and innovative problem-solving skills.
  • Mastering managerial communication for clear and impactful expression.
  • Building and leveraging networks crucial for entrepreneurial success.
  • Acquiring negotiation techniques for business deals and partnerships.
  • Gaining perspectives on international markets and global business dynamics.
  • Developing leadership skills for effective team management in entrepreneurial ventures.
  • Crafting comprehensive business plans for startups and new ventures.

Degree Types for an Online MBA in Entrepreneurship

An online MBA in Entrepreneurship equips students with strategic business skills, innovation, and leadership for successful ventures. Like a traditional MBA, it blends core business disciplines but emphasizes entrepreneurial concepts. It has almost the same coursework as an on-campus MBA but offers flexibility for working professionals, enabling a dynamic learning experience.

MBA in Entrepreneurship vs. MS in Entrepreneurship

An MBA in Entrepreneurship combines business acumen with entrepreneurial skills, offering a broad management perspective. It suits professionals seeking leadership roles or launching startups. An MS in Entrepreneurship focuses on specialized knowledge, emphasizing innovation and venture creation, ideal for those seeking in-depth expertise in entrepreneurship. Both degrees cater to different career goals, providing versatile paths for aspiring entrepreneurs.

Common Specializations for an Online MBA in Entrepreneurship

Beyond selecting a degree in entrepreneurship, some colleges also offer specializations. These specializations help students hone specific skills that aid them in founding future businesses. 

Area of FocusDescriptionCareers This Concentration Prepares For
Entrepreneurship and InnovationA specialization in entrepreneurship and innovation teaches students the analytical skills necessary to discover niche markets with potential. This specialization also includes courses on developing new ideas, protecting intellectual property, and acquiring new businesses. Upon graduation, students can create business plans and gain insight from other industry leaders.Marketing Managers, Innovation Managers, and Product Managers
Entrepreneurship and LeadershipUnlike a regular MBA in entrepreneurship, specialization in entrepreneurship and leadership focuses heavily on leadership skills like communication, business planning, and decision-making. Best for students interested in starting large businesses or acquiring existing businesses, entrepreneurship, and leadership might include human resources, management, and talent development courses. Innovation officers, Chief Strategy officers, and Business consultants
Executive EntrepreneurshipIdeal for seasoned business professionals looking to learn the nuances of business, a specialization in executive entrepreneurship focuses on founding a startup, developing teams, and breaking through various business barriers. This program prepares individuals for less technical aspects of entrepreneurship, though it includes fewer finance, accounting, and marketing courses. 
Business Transformation leaders, Corporate Development Executives, and Chief Strategy Officers
Social EntrepreneurshipSometimes known as social enterprise, social entrepreneurship teaches students to analyze social problems and provide effective, healthy solutions. Graduates of these programs tend to find businesses that promote social wellness, and schools sometimes require students to immerse themselves in developing nations to learn more about social initiatives. Social Innovation Consultants,Community Development Managers and Social Enterprise Strategists
Venture Capital ManagementThis specialization explores the intricate world of financing startups. It equips entrepreneurs with skills in assessing investment opportunities, managing financial risks, and navigating the dynamic landscape of venture capital. Aspiring business leaders gain insights crucial for funding and sustaining innovative ventures.Venture Capitalists, Private Equity analysts, and Investment Managers

Graduation Timeline for MBA in Entrepreneurship

The graduation timeline for an MBA in Entrepreneurship varies based on full-time or part-time enrollment. Full-time programs generally span 1 to 2 years, with a focused curriculum. Part-time options, designed for working professionals, extend the duration to 2.5 to 4 years, allowing flexibility. Both paths equip graduates with strategic entrepreneurial skills while accommodating diverse schedules and career commitments.

Accelerated MBA in Entrepreneurship Online Programs

An Accelerated MBA in Entrepreneurship accelerates the traditional timeline, equipping students with essential skills in a shorter duration, typically 12-18 months. Benefiting from an intensive curriculum, students gain quicker entry into the entrepreneurial landscape. Research should emphasize program content, faculty expertise, industry partnerships, and alums achievements to ensure alignment with career aspirations and maximize the accelerated learning experience.

Online MBA Entrepreneurship Admission Requirements

Each college and university sets its own admission requirements for the online MBA in entrepreneurship. Specific requirements vary by school, but anticipate needing to meet all the following requirements when applying.

  • Bachelor’s Degree: Because an MBA is a master ’s-level program, schools require applicants to first earn a bachelor’s degree from a regionally accredited university. Most schools do not set requirements for undergraduate majors. 
  • Prerequisite Courses: Schools might sometimes require applicants to demonstrate proficiency in skills with prerequisite courses. If the applicant’s undergraduate coursework does not satisfy this requirement, students may need to take one or two courses before applying.
  • Résumé: Demonstrates academic and professional achievements. Some schools may request to assess qualifications and experiences.
  • GPA: While some MBA programs set minimum GPA requirements, others reward applicants with high GPAs by waiving other requirements, including prerequisite courses and standardized test scores. 
  • Statement of Purpose: Communicates applicant’s career objectives, leadership skills, and reasons for pursuing an MBA, highlighting their suitability for the program and contributions to the academic community.
  • Work Experience: Most MBAs were created with current business professionals in mind. An MBA program may require 1-2 years of relevant professional experience, though some require as many as five years of experience. 
  • GRE/GMAT  Scores: The GRE measures graduate school readiness, and the GMAT measures MBA program readiness. Some schools require one or both of these exams.

Online MBA Entrepreneurship: No GMAT or GRE Requirements

The GRE (Graduate Record Examination) and GMAT (Graduate Management Admission Test) are standardized tests often required for graduate business programs. Some colleges may waive these requirements based on professional experience, advanced degrees, or a strong academic record. Waivers vary by institution; applicants should check specific eligibility criteria with each program.
Some schools, such as the University of Denver University College1, offer an MBA in entrepreneurship online and do not require GMAT or GRE scores. These innovative programs can save applicants time and money by avoiding standardized tests. Here are a few more online MBA entrepreneurship no GMAT programs:

Accredited Programs

Accreditation guarantees that educational institutions adhere to established standards, ensuring students a quality education. It secures program credibility, making students eligible for financial aid and recognized by employers. When researching, prospective MBA in Entrepreneurship students should verify if the institution is accredited by a recognized accrediting body. This ensures their educational investment aligns with industry standards, enhancing career prospects. In the United States, there are three main accrediting bodies for MBA programs:

  1. AACSB International (Association to Advance Collegiate Schools of Business)4
  2. ACBSP (Accreditation Council for Business Schools and Programs)5
  3. IACBE (International Accreditation Council for Business Education)6

When considering an MBA in Entrepreneurship, one must verify that the program and institution are accredited by one of these reputable accrediting bodies to ensure the quality and recognition of the education one receives.

Universities can also be accredited nationally or by one of six regional accrediting agencies:

Free Online MBA Entrepreneurship Courses

Free online courses offer MBA in Entrepreneurship students valuable supplementary knowledge. While beneficial for skill enhancement, it’s crucial to note these courses are not accredited despite providing certificates. Students should leverage them for continuous learning but rely on accredited programs for comprehensive, recognized education and career advancement. Here are a few free courses that MBA in Entrepreneurship students can explore:

CourseBecoming an Entrepreneur7
Provided byedX
DescriptionThis course combines engagement with invaluable insights. From idea generation and market research to designing, testing, and pitching, it draws from MIT’s Disciplined Entrepreneurship and LaunchX’s proven approach. The course, featuring short videos and interactive activities, inspires action beyond screens, empowering participants to make a real impact in their communities.
CourseDiploma in Business Management & Entrepreneurship8
Provided byAlison
DescriptionThe free online business management and entrepreneurship diploma provides an overview of company structures, diverse organizational functions, and business environments. Enhancing understanding of operational aspects, the course removes the guesswork from business management ethics and entrepreneurship. Navigating the demanding path to becoming an entrepreneur requires significant effort and skill, and this course strives to simplify that journey.
CourseEntrepreneurial Finance Basics For Every Entrepreneur9
Provided byUdemy
DescriptionThis course is crafted to impart students with a comprehensive understanding of business finance. Taking a broader perspective, the course explores essential concepts like shares, bonds, dividends, and more. Exploring micro and macro finance, private equity, crowdfunding, and beyond, each term is intricately covered in dedicated lectures. This detailed approach sets this course apart, ensuring in-depth discussions not commonly found elsewhere.

How to Pay for an MBA in Entrepreneurship Degree

Funding an MBA in Entrepreneurship is challenging as tuition fees rise consistently, dissuading prospective students. Financial aid, scholarships, and part-time work can ease the burden. Research grant opportunities, employer sponsorships, and exploring low-interest loans are vital steps. Strategic financial planning is essential to overcome rising costs and ensure aspiring entrepreneurs can enroll in these valuable programs. Students interested in pursuing an online MBA in Entrepreneurship degree may be able to receive funding from the following sources:

Grants

Grants are financial awards, often provided by governments, organizations, or institutions, to support specific projects, studies, or initiatives, offering valuable financial assistance without the need for repayment. Unlike loans, students do not pay back money earned from grants.

Fellowships

Fellowships are competitive, merit-based awards that offer financial support, often for academic or research pursuits. They provide stipends, tuition coverage, or other resources to exceptional individuals pursuing specific endeavors.

Graduate Assistantships

Graduate Assistantships are work opportunities for graduate students within their academic institution. They involve teaching, research, or administrative tasks, offering financial support and valuable experience.

FAFSA

FAFSA, or Free Application for Federal Student Aid, is a crucial form for U.S. students, determining eligibility for various financial aid programs, including grants, scholarships, and federal student loans.

Scholarships for Online MBA in Entrepreneurship Students

Online Master’s in Entrepreneurship, students can access various scholarships to ease financial burdens. These awards, often merit-based, support academic excellence and may cover tuition, fees, or other expenses. Researching and applying for relevant scholarships enhances accessibility and affordability, promoting educational opportunities for aspiring entrepreneurs.

Some scholarships only accept applicants pursuing a degree related to entrepreneurship. Some scholarships to look at include the following:

ScholarshipDescriptionAward/AmountDeadline
Kitchen Cabinet Kings Scholarship10The Kitchen Cabinet Kings Entrepreneur Scholarship supports aspiring entrepreneurs pursuing higher education. This merit-based scholarship encourages innovation and business leadership by awarding financial assistance to deserving students. Applicants must submit an essay in response to Kitchen Cabinet Kings’ topic.$5,000Varies
BlueVine Young Entrepreneurs Scholarship11The Bluevine Young Entrepreneurs scholarship program seeks to inspire and assist prospective business owners enrolled in undergraduate and graduate programs linked to entrepreneurship. Scholarships will be available during the spring and fall semesters. Graduate applicants must have a 3.3 GPA and submit a 600-800 word essay.$5,000Varies

Career and Salary Outlook for Online Entrepreneurship MBA Graduates

Students who earn an online MBA in entrepreneurship gain many skills that can translate into any industry. Entrepreneurs always hold leadership positions within organizations they found and created, so the sector where graduates work depends entirely on the individual’s preferences. While entrepreneur job titles and roles vary, the following positions include some potential landing spots for entrepreneurs. Note that no amount of education guarantees a position or specific salary, especially for highly variable fields like entrepreneurship.

OccupationMedian Annual SalaryJob Growth (2022-2032)Job Description
Advertising, Promotions, and Marketing Managers12$138,7306%(faster than average)Advertising, Promotions, and Marketing Managers plan campaigns to generate interest in products or services, advertising, and promotions; marketing managers often work in advertising agencies, corporate offices, or regional offices.
Medical and Health Services Managers13$104,83028% (much faster than average)Healthcare executives, also known as medical and health services managers or administrators, strategize, oversee, and coordinate healthcare services. Their responsibilities may encompass managing entire facilities, specific clinical areas, or medical practices for groups of physicians. Adapting to shifts in healthcare laws, regulations, and technology is crucial in their dynamic roles.
Training and Development Managers14$120,0006% (faster than average)Training and development managers strategize, coordinate, and supervise programs to enhance the skills and knowledge of an organization’s workforce. Responsibilities include overseeing staff, assessing training needs, aligning programs with organizational goals, managing budgets, selecting materials, updating programs, teaching methods to instructors, and evaluating program and instructor effectiveness. 
Top Executives15$100,0903%(as fast as average)The heads of organizations and top executives run businesses. Entrepreneurs assume one or more top executive roles within their businesses and, along with other professionals, guide the company. 

(Source: BLS)

Certifications and Licensing for MBA in Entrepreneurship Graduates

Certifications enhance skills and credibility, providing targeted expertise. Although an MBA in Entrepreneurship doesn’t require certification, obtaining additional certifications can enhance specialization and confer a competitive advantage in diverse entrepreneurial endeavors. Entrepreneurs may pursue certifications in areas like project management, finance, or industry-specific domains. Certain regulated industries may also have licensing requirements.

Resources for Online MBA Entrepreneurship Students

Students and recent graduates of online MBA in entrepreneurship programs may not know where to begin their professional careers. These resources help connect aspiring entrepreneurs with other entrepreneurs, forming valuable connections that could lead to business opportunities.

  • Business Professionals of America16– Business Professionals of America (BPA) envisions being a pioneer in Career and Technical Education, offering growth opportunities for members through education, competition, community service, and personal development. With 45,000 members in 1,800+ chapters across 25 states, Puerto Rico, and an international presence, BPA supports educators by providing co-curricular exercises aligned with national business and information technology standards.
  • Entrepreneurs’ Organization17 – Created in 1987, the Entrepreneurs’ Organization helps entrepreneurs achieve their full potential. Member benefits include chapter and global events, a mentorship program, and networking opportunities.  
  • Young Entrepreneur Council18 – The Young Entrepreneur Council (YEC) is a highly selective organization committed to offering holistic guidance for the personal and professional evolution of young entrepreneurs. Emphasizing that success is more than the bottom line, it involves connecting like-minded individuals and acquiring the necessary tools for personal and professional development.
  • Young Presidents’ Organization19 – Young Presidents’ Organization (YPO) is a global network connecting chief executives. Comprising business leaders under 45, YPO fosters peer-to-peer learning, collaboration, and personal growth through events and forums. This exclusive organization aims to inspire impactful leadership and innovation among its diverse membership.

FAQs About Online MBA Entrepreneurship Programs

What is an online MBA in Entrepreneurship?

An online MBA in Entrepreneurship is a graduate program focusing on developing business acumen and entrepreneurial skills. It covers topics such as strategic management, innovation, and venture creation, providing flexibility for working professionals to enhance their entrepreneurial expertise and advance their careers in a dynamic business landscape.

How long does it take to complete an online MBA in Entrepreneurship?

Are online MBA in Entrepreneurship programs more affordable than on-campus ones?

Do I need work experience to apply for an online MBA in Entrepreneurship program?

Are online MBA in Entrepreneurship programs easier to get into?

Can I work while pursuing an online MBA in Entrepreneurship?

Is an online MBA in Entrepreneurship program worth it?