Entrepreneurship is a decisive activity to bring changes in economy and community. It affects all aspects of sociocultural, economic, political-legal, demographical and technological environment of life and society. Entrepreneurship is the force that connects people with their activity of exchange from the early period of our history. It is the practice of starting your own business or modernizing the mature organizations.
Entrepreneurship is also a skill in founding a company, especially when it involves seeing new ways of improvement the business. This career involves not only planning and starting a business, but also taking advantage of different opportunities, assuming the risks of a business enterprise, and providing some kind of innovation.
Most of the modern companies started out as entrepreneurial activities
Who choose Entrepreneurship?
If you think is this specialization for you or not, you should know some common characteristics of the successful entrepreneur. Efficiency of entrepreneurship depends on many factors, including the characteristics of the founder and his or her economic environment. It is important for the entrepreneur to be enthusiastic, passionate, talented and innovative. Moreover, a founder should be responsible, devoted and confident. The person who has the ideas, the energy, and the vision to found a company is the mainstay of any start-up. The founder is always in search of something new and exploits such ideas into beneficial opportunities by accepting the risk and unpredictability with the business.
Why choose Entrepreneurship?
Entrepreneurship provides progressive knowledge, which is necessary for managing a private or family company or heading a department or projects in corporation. Employment rate of the entrepreneurship graduates is above average. Acquiring knowledge which provides the possibility of choosing a professional path in the selected specialities: marketing, advertising, finance, management. Entrepreneurs have complete control over how a business functions and how it will proceed into the future.
Entrepreneurship is not an occupation for everyone, because a person must always generate ideas and look for innovative ways of business development.
Entrepreneurship is a great choice for creative and self-sufficient person who wants to start his or her own business.
Being an entrepreneur is risky because not all businesses are successful.
Entry requirements for Entrepreneurship
Those who wish to apply for undergraduate study programs in Entrepreneurship need to be fluent in English. Applicants whose native language is other from English need to provide certificates (TOEFL or IELTS) to prove language proficiency. Applicants for some study programs need to demonstrate basic knowledge of the language of the chosen country.
Each applicant is requested to submit, together with the application, a motivation letter and a curriculum vitae. Furthermore, a recommendation letter is requested.
Structure of undergraduate study programs in Entrepreneurship
The Master of Entrepreneurship program includes foundation subjects, entrepreneurship core subjects, capstone subject and some elective subjects. Core courses for this program are Opportunities, Business Models & Entrepreneurial Strategy, Entrepreneurship Skills & the Entrepreneurial Mindset, Assembling & Managing Innovative Teams, Persuasion, Social Capital & Sales and Financial Literacy. Students can also take some pathway modules.
Career options for Entrepreneurship graduates
A degree in Entrepreneurship area opens a variety of opportunities for its graduates. They can start a career in business, management, consulting, sales, marketing, research and development, education. Entrepreneurship study programs are usually highly practical, so graduates receive a right number of skills to find a job in Entrepreneurship after completing an undergraduate degree. The entrepreneur also can found a company or continue a family business.
Graduates holding a Bachelor’s degree in Entrepreneurship can also continue education in a variety of related fields, for example, management, analytics, governance and other.
According to QS Top Universities Ranking, the best institution with Entrepreneurship study programs is Harvard University, USA. Admission requirements for this university and information for international students can be found on our website in the university’s profile.
The list of other world leading universities holding Entrepreneurship study programs include: INSEAD (France), London Business School, Massachusetts Institute of Technology, University of Pennsylvania, Stanford University, University of Cambridge, University of Oxford, London School of Economics and Political Science, Bocconi University (Italy).