An MBA in Entrepreneurship isn’t always required for a successful career, but it is important for professionals who want to further their careers in business. The foundational knowledge and connections acquired in an MBA program can be useful as a founder. Business schools are also excellent at helping aspiring entrepreneurs. According to PitchBook, business school graduates are churning out founders and companies and raising capital throughout their chosen fields.
Many top schools concentrate around hot tech scenes, including Berkeley, Stanford, and the University of Washington. Itís no surprise, given the number of tech startups in the field.
Business professionals who want to further their career and gain insight into entrepreneurship should consider applying to one of these 25 best MBA in Entrepreneurship programs. You may also enjoy our ranking of the 25 Top Online MBA Programs.
#1 – Harvard University
Location: Boston, Massachusetts
Acceptance Rate: 11%
Total Program Cost: $122,450
Harvard Business School offers a two-year MBA in Entrepreneurship program. While expensive, the return on investment is high, with graduates making an average of $125,000 per year. The first year of the program entails foundation courses that teach students how to become an entrepreneurial manager. These courses provide students with an understanding of issues entrepreneurs face, as well as an exposure to the skills involved in addressing them.
The second year of the MBA program involves elective courses, including classes in Building Life Science Business, Business Marketing & Sales, Entrepreneurship and Global Capitalism, and Entrepreneurship in Healthcare IT and Services. Programs like the New Venture Competition help students and alumni who are launching new business and social impact ventures.
#2 – University of Chicago
Location: Chicago, Illinois
Acceptance Rate: 23.5%
Total Program Cost: $127,960
The University of Chicago Booth School of Business offers a full-time MBA in Entrepreneurship program designed for students who want an integrated curriculum. The program combines all business areas from marketing and finance to operations and strategy. The curriculum takes students out of the classroom for hands-on experience in real-world settings. Students learn through courses, experiential learning labs, and competitions.
Students here also have the option of competing in the New Venture Challenge, as well as attending the Entrepreneurship and Venture Capital Conference, the Midwest Alternative Energy Venture Forum, and more. The average post-graduation salary for Booth School of Business students is $120,000.
#3 – Massachusetts Institute of Technology
Location: Cambridge, Massachusetts
Acceptance Rate: 13.8%
Total Program Cost: $131,250
At the MIT Sloan Business School, students can earn an MBA with an Entrepreneurship & Innovation track. The track focuses on launching and developing emerging technology companies and leads to a certificate in Entrepreneurship and Innovation, as well as an MBA. The programís curriculum emphasizes a team atmosphere, balances theoretical and practitioner education, and provides extensive exposure to building blocks of an entrepreneurial career.
The track brings students together early on in their first year to meet, integrate, and learn about entrepreneurship and startup business concepts. Concepts are condensed into the first and second semesters to help students get started on the track right away, instead of waiting until their second year. The intensive start allows students to get started on building their entrepreneurial career while they are still in school.
#4 – University of California, Berkeley
Location: Berkeley, California
Acceptance Rate: 13.2%
Total Program Cost: $115,321 (resident), $119,443 (nonresident)
The University of California Berkeley offers an MBA in Entrepreneurship through the Haas School of Business. The school is located in a hotbed for new venture creation and Berkeley-Haas offers one of the worldís leading centers for the study and practice of entrepreneurship. The program gives students training and a good environment to launch scaleable enterprises, take a leading role in the latest startup, and start a career in the venture capitalist industry.
Coursework in the MBA Entrepreneurship program includes classes in New Venture Finance, Social Entrepreneurship, and Venture Capital and Private Equity. MBA graduates from this school make an average of $120,000 per year.
#5 – Columbia University
Location: New York, New York
Acceptance Rate: 18.2%
Total Program Cost: $135,637
Students at Columbia Business School can earn an MBA in Entrepreneurship in two years. The program has a high cost, but an excellent return on investment. Graduates have an average salary of $119,400 per year. The entrepreneurship specialization is offered through the schoolís Eugene Lang Entrepreneurship Center.
In the program, students have a balanced combination of courses, programs, and mentorship for those who want to gain the fundamental skills necessary to be a successful entrepreneur. Master Classes include the Entrepreneurial Greenhouse Program and Digital Literacy for Decision Makers.
#6 – University of Pennsylvania
Location: Philadelphia, Pennsylvania
Acceptance Rate: 20.7%
Total Program Cost: $141,740
MBA in Entrepreneurship program graduates from the University of Pennsylvania Wharton Business School make an average of $125,000 per year. The program takes 20 months to complete and classes meet Monday through Thursday throughout the academic year. The Entrepreneurship major is one of 18 majors offered to MBA students.
Many students here complete the MBA program with two majors by picking electives that have cross-listed coursework. They can also exercise the option of waiving some core courses. Students can take advantage of on-campus career services and network opportunities provided to them through their fellow classmates, as well as faculty at the school.
#7 – Dartmouth College
Location: Hanover, New Hampshire
Acceptance Rate: 22.1%
Total Program Cost: $114,465
The Dartmouth College Tuck School of Business offers an MBA with an elective set in Entrepreneurship. The program begins with an integrated core curriculum that covers key functional areas in business. Classes build on and complement each other. Students who already have background experience in a particular discipline may be able to opt out of a core course and take an elective course in its place.
After core classes are complete, students at Tuck move on to electives in specializations like Accounting, Communication, Entrepreneurship, Economics, Ethics and Social Responsibility, and more. Graduates of the MBA at Dartmouth make an average of $117,860 per year.
#8 – Yale University
Location: New Haven, Connecticut
Acceptance Rate: 23.7%
Total Program Cost: $126,760
Yale University launched its MBA in Entrepreneurship program in 2014 through the School of Management. The program expands entrepreneurship options through new curriculum development and strengthening connections across the schoolís community. The program offers an important global dimension through the Global Network for Advanced Management.
The Entrepreneurship program offers an integrated curriculum that is a team-taught approach to problem solving. Students learn how to understand the whole of the enterprise rather than individual functions. Potential entrepreneurs develop a deep understanding of how to develop and sustain a venture. Graduates of the program make an average of $110,000 per year.
#9 – Duke University
Location: Durham, North Carolina
Acceptance Rate: 25.1%
Total Program Cost: $109,844
Students at the Duke University Fuqua School of Business can opt for an MBA in Entrepreneurship that teaches them the skills needed to build a successful business. Students can pursue a concentration in Entrepreneurship and Innovation after completing core classes. The concentration consists of a minimum of six courses including two required courses, an experiential course, and three electives.
The required courses are Entrepreneurial Execution/Planning and Entrepreneurial Strategy. Students can pick from practicums, mentored studies, and strategy development classes. Electives include classes in Market Intelligence, Social Entrepreneurship, Real Estate Development, and Venture Capital and Private Equity.
#10 – University of Virginia
Location: Charlottesville, Virginia
Acceptance Rate: 26%
Total Program Cost: $101,800 (resident), $111,800 (nonresident)
The University of Virginia offers an MBA in Entrepreneurship through the Darden School of Business. The program includes 32 electives in the area of entrepreneurship, innovation, and strategy. Courses include case-based, design-intensive, and hands-on offerings taught by top faculty. Along with coursework, students can participate in Venturing Darden Business Projects, which are for-credit projects and challenge students to develop their business ideas into proposals for new businesses.
Other project options include the Technology Accelerator course, the Innovation and Design Experience course, and Darden’s Venture Capital Bootcamp. Students complete core courses in their first year and electives in their second year. MBA graduates from University of Virginia make an average of $112,257 per year.
#11 – New York University
Location: New York, New York
Acceptance Rate: 18.1%
Total Program Cost: $131,402
New York Universityís Stern School of Business offers an MBA with a specialization in Entrepreneurship and Leadership. The specialization is one of over 20 options that NYU offers. Students must first complete their core curriculum before declaring a specialization. Sample courses in the specialization include Foundations of Entrepreneurship, Managing Growing Companies, and New Venture Financing.
During their study, students have several options to learn on-the-job and hands-on experience. The program offers participation in a nine-month fellowship as a non-voting board member of a New York City nonprofit organization. Students can also participate in the Stern Consulting Corps or Stern Signature Projects to tackle real business challenges with non-profit, for-profit, and faculty-sourced projects. Graduates make an average of $112,096 per year.
#12 – Cornell University
Location: Ithaca, New York
Total Program Cost: $109,744
Cornell University ís Johnson Graduate School of Management offers an MBA with a concentration in Entrepreneurship and Innovation. Cornell offers two-year and one-year MBA options. The two-year program is offered for individuals who may already possess a great leadership potential and are pursuing an MBA that helps them hone their skills. The one-year program is offered to professionals who already have significant experience and advanced degrees or certifications like Chartered Financial Analyst or Certified Public Accountant.
The two-year program spans 21 months of study and includes a summer internship between the two academic years. The program begins with orientation in August and activities that help students with a foundation of concepts and skills that will be expanded on during the program. The program emphasizes immersion learning, including coaching by leading business practitioners and problem solving under actual business conditions. Graduates of this MBA program have an average salary of $110,000.
#13 – University of Texas Austin
Location: Austin, Texas
Acceptance Rate: 28.5%
Total Program Cost: $66,596 (resident), $97,664 (nonresident)
The UT Austin McCombs School of Business confers an MBA in Entrepreneurship to students who complete core classes and electives in their declared concentration. The Entrepreneurship option is one of more than 20 concentrations and dual-degree options. UT Austinís goal is to prepare students through the MBA to become a true business leader. Students are taught the skills needed to inspire change and make a difference in their chosen field, as well as society as a whole.
The MBA program offers hands-on opportunities to prepare students through the MBA+ Program, MBA Fellows, and Venture Labs. The McCombs School of Business boasts a world-renowned faculty that will help budding entrepreneurs become successful business leaders and innovators. Graduates from UT Austinís MBA program make an average of $107,272 per year.
#14 – University of Michigan
Location: Ann Arbor, Michigan
Acceptance Rate: not reported
Total Program Cost: $104,789 (resident), $114,789 (nonresident)
The University of Michigan’s Ross School of Business offers an MBA with a career path in Entrepreneurship. The program is provided through the Samuel Zell & Robert J. Lurie Institute for Entrepreneurial Studies, which provides the curriculum, community involvement, program initiatives, and alumni outreach activities that give exclusive resources to future entrepreneurs.
The Institute offers students the chance to attend the Entrepalooza, which takes place each September and includes expert advice, networking events, and chances to learn from entrepreneurs around the country. Students can also participate in the Entrepreneur and Venture Club. Graduates have an average annual salary of $115,315.
#15 – Emory University
Location: Atlanta, Georgia
Acceptance Rate: 30.7%
Total Program Cost: $93,168
Emory University offers a two-year MBA program through its Goizueta Business School. The program offers more than 20 different concentrations in five academic areas in established and emerging topics. Core courses must be completed before students can select their electives.
Two-year students pick 14 electives, including four electives in their area of study to be completed before a summer internship. These classes are aimed at helping students get a greater return on their internship experience. Emoryís goal is to prepare MBA students for day one so that they can innovate and change the business world from their first day in the office. Graduates have an average salary of $107,220 per year.
#16 – University of Washington
Location: Seattle, Washington
Acceptance Rate: 22.9%
Total Program Cost: $55,216 (resident), $80,316 (nonresident)
The University of Washington Foster School of Business offers an MBA in Entrepreneurship program through the Arthur W. Buerk Center for Entrepreneurship. The center promotes entrepreneurship to students across the UW campus, though it centers on MBA students. The program is designed to prepare students who want to start their own companies. These budding entrepreneurs learn everything they can about entrepreneurship, strategy, finance, and marketing.
The program focuses on decisions these students will have to make, the skills they must master, experiences that combine knowledge and insight, and the practice of working with a diverse group of people. As a bonus, students at the Center can learn and gain hands-on experience from several local Seattle companies, including Google, Amazon, and Microsoft. Graduates here earn an average of $102,722 per year.
#17 – Indiana University
Location: Bloomington, Indiana
Acceptance Rate: 33.1%
Total Program Cost: $54,148 (resident), $93,100 (nonresident)
Indiana University Bloomingtonís Kelley School of Business houses the Johnson Center for Entrepreneurship and Innovation. Students can earn an MBA in Entrepreneurship through the Center, which offers one of the most comprehensive entrepreneurship curriculums in the world. The nationally-ranked academic programs provide students with real-world entrepreneurial experiences through cross-campus initiatives.
IU’s goal is to provide MBA in Entrepreneurship students with a wide range of experiences and classroom opportunities that help them develop their entrepreneurial perspective. Graduates earn an average salary of $102,000.
#18 – Rice University
Location: Houston, Texas
Acceptance Rate: 26.2%
Total Program Cost: $102,806
Students at the Rice University Jones Graduate School of Business can earn an MBA in Entrepreneurship in two years. The program requires that students first complete comprehensive core courses in accounting, data analysis, finance, and marketing so that they have a strong foundation of fundamental business principles. Then, students go through an Action Learning Project, which places them in real world projects, as well as summer internships and other field-project-oriented electives.
Students move on to specialized concentrations, including entrepreneurship. This concentration consists of 12 credit hours that build a framework for being an entrepreneur. Classes help to equip students with the tools and processes required for starting a business. The final classes in the concentration give students the option of selecting specific entrepreneurial topics that suit their objectives. Graduates make an average salary of $101,229.
#19 – Washington University at St. Louis
Location: St. Louis, Missouri
Acceptance Rate: 26.7%
Total Program Cost: $100,225
Washington University at St. Louis offers an MBA in Entrepreneurship program through the Olin School of Business. The program focuses on vision, risk, and passion required to attempt and successfully start a business. Students are prepared to work in social and commercial ventures, including in consulting, small businesses, family businesses, and nonprofit management. Concentrations include Commercial Entrepreneurship and Social Entrepreneurship.
The program requires 20 or 21.5 credits, including 9.5 foundation credits, 9 concentration credits, and at least one experiential learning component that takes up 1.5-3 credits. Graduates earn an average of $98,100 per year.
#20 – Vanderbilt University
Location: Nashville, Tennessee
Acceptance Rate: 41.3%
Total Program Cost: $100,089
Vanderbilt University’s Owen Graduate School of Management offers an MBA in Entrepreneurship program. The MBA academic calendar is based on a modular system of intensive courses that last seven weeks each. Two ìmodsî equal a semester. The system allows students to get a fast start and take courses in their chosen speciality as early as Mod 2 of their first year. The program takes two years to complete.
Along with core classes, Entrepreneurship students can take eight credit hours in classes like Managing the Global Enterprise, Innovation Strategy, Accounting and Finance for Entrepreneurs, and Launching the Venture. The Emphasis in Entrepreneurship was designed to teach students the skills needed to start their own business. Graduates have an average salary of $100,513.