Entrepreneurs are professionals who take risks that are connected with owning, organizing and managing their business enterprise. Entrepreneurship degree programs prepare students to start their own business by teaching them the analytical, operational and financial aspects of it.
What Is Entrepreneurship?
Bachelors in entrepreneurship is a degree program which teaches students some essential components of starting a new business such as manufacturing, marketing and risk analysis. One of the crucial elements of the program is the business development plan. It is an area which requires both theoretical and practical knowledge. Some schools allow students to take entrepreneurship as their major while others offer it as a specialization with a business management degree. As the degree progresses, students develop multiple skills in areas like finance, business, marketing and sales which help them in their practical life.
What to Do with a Bachelors of entrepreneurship?
Getting an entrepreneurship degree opens a lot of opportunities for aspiring businessmen. Some prefer to have a business of their own, while others prefer to work for an established business. Some students choose to work with experts for some time and later have their own set-up. These are some of the career options for people having a degree in entrepreneurship:
Financial analysts work with different companies and individuals and help them devise a sound financial plan. They study past and current financial information, understand market and business trends, write reports on their findings and evaluate investment opportunities.
Annual Median Salary, 2018: $85,660
Annual Mean Salary, 2018: $100,990
Job Growth, 2018-2028: 6%
State with the Highest Salary, 2018: Delaware - $93,740
State with the Highest Employment Level, 2018: New York - 53,250
Marketing managers help different companies improve their profile and compete inside the market. They are responsible for creating different advertising and promotional campaigns, devising and monitoring budget plans, supervising branding initiatives, devising marketing guidelines and negotiating contracts. They are also responsible for determining the demand of the product and services offered by their organization.
Annual Median Salary, 2019: $136,850
Annual Mean Salary, 2019: $149,200
Job Growth, 2018-2028: 8% (Advertising, Promotions, and Marketing Managers)
State with the Highest Employment, 2019: California - 40,900
State with the Highest Salary,2019: New York - $186,350
Public Relations and Fund-Raising Managers
These professionals enhance the overall profile of their firm and help it get funds for various initiatives. They are responsible for creating press releases and coordinating with media. They also act as spokespersons and educate their employees on how to interact with the media. Public Relations and Fund-Raising managers supervise other departments and design promotional campaigns as well.
Annual Median Salary, 2018: $114,800
Annual Mean Salary, 2018: $131,570
Job Growth (2018-2028): 8%
State with the Highest Employment Level, 2018: California - 8,330
State with the Highest Salary, 2018: District of Columbia - $188,050
Note: These figures have been obtained from the US Bureau of Labor Statistics.
What to Expect from a Bachelors of Entrepreneurship Degree?
The program requires 3-4 years to finish with a total of 120 credit hours in most cases. Typically, students have to take mandatory general education courses like English, math, science, history and social science. Other than general courses, the program includes courses which help students analyze business prospects that include internet marketing, technology marketing, advertising, financial management, product design and development, small business management and strategic decision making, etc.
How to Choose a Bachelors of Entrepreneurship Program?
When you choose a bachelors of entrepreneurship program you should take the following things into account:
Choosing an accredited program
Considering the cost of the degree
Resources offered to students
Location of the school
Bachelors of Entrepreneurship Admission Requirements
Students need to have a minimum CGPA of 2.5 or 3.0 to pursue a career in the field of entrepreneurship. They are also required to have a good SAT score and a letter of recommendation. Requirements for admission would vary from university to university.