A formal degree is not a must for ambitious, determined entrepreneurs; in fact, many individuals have started successful enterprises without acquiring a formal college degree. However, numerous entrepreneurship degree programs can help students learn all they need to know about accounting, ethics, economics, finance, marketing, management, and beyond. A typical entrepreneurship bachelors degree program will cover essential topics like management, accounting, and human resources. Students will also take general business courses as well. Because entrepreneurship involves a great deal of communication, decision-making, leadership, management, problem-solving, and time-management, students must be skilled in these areas.
Why a Bachelor’s Degree?
Entrepreneurs have trouble delaying their ambitions and goals, so that’s why sometimes it can make it difficult for them to pursue a formal degree for four years. However, a business entrepreneurship degree is an ideal degree for those students who want to round out their skills and experiences in an efficient manner before beginning their careers. According to the U.S. Bureau of Labor Statistics (BLS), the majority of top executives working today have at least a bachelor’s or master’s degree.
Getting Into a Bachelor’s Degree Program
The admission requirements to entrepreneurship degrees vary at different schools. However, most colleges expect students to have the following:
- High school diploma or its equivalent
- Appropriate ACT or SAT scores
Inside a Bachelor’s Degree Program
Four years of full-time course work is all it takes to complete a bachelor’s degree in entrepreneurship. During the first two years of their degree program, students take a combination of required courses and introductory entrepreneurship courses. Entrepreneurship degree programs often feature in-depth courses in business management, accounting, human resources, business law, e-commerce, marketing, entrepreneurial financing, and more. All of these classes will help prepare students for careers in the business world.
Because online colleges and distance learning programs are growing at a rapid pace, many students choose to complete their studies online. Online degree programs are similar to traditional degrees; however, they are generally more flexible. The assignments, readings, and courses featured in online entrepreneurship degrees are accessible through online platforms or online college websites.
What’s Next for Entrepreneurship Bachelor’s Degree Holders?
Entrepreneurship graduates often launch their own businesses or enter into higher-level management positions. According to the U.S. Bureau of Labor Statistics (BLS), an entrepreneur’s salary greatly depends on the industry in which they work. For example, entrepreneurs in professional, scientific, and technical services make an average of $129,520 a year, while those in retail trade make about $73,620 a year. Moreover, the employment of entrepreneurs is expected to grow about 5% from 2010 to 2020.
Many businesses require their managers and top executives to have more than a bachelor’s degree. Because of this fact, many students choose to work towards a master’s degree in entrepreneurship after completing their undergraduate degree. Students who have an interest in postsecondary teaching are encouraged to look into a Ph.D. in entrepreneurship instead.