Degrees of Innovation: What Should You Study to Become an Entrepreneur?

Navigating the world of entrepreneurship? You’re not alone. Many aspiring entrepreneurs grapple with whether or not to earn a degree and which one can best bolster their business goals.

This loaded question often brings up countless options, making it even harder for you to make an informed decision. With insights on 20 top degrees tailor-made for entrepreneurs, this blog post aims to bring clarity and help pave your path toward entrepreneurial success.

Ready to embark on your journey? Let’s explore!

Key Takeaways

• The University of Pennsylvania, the University of Michigan, the University of California Berkeley, and the University of Texas at Austin offer top undergraduate programs for entrepreneurship.
• Babson College consistently ranks as the best college for entrepreneurship with its undergraduate and MBA programs.
• Rice University, Northwestern University, and Babson College have highly regarded graduate programs for entrepreneurs.
• Pursuing a degree in entrepreneurship provides valuable knowledge and skills that can enhance your chances of success as an entrepreneur.

 

Top Undergraduate Programs for Entrepreneurship

The University of Pennsylvania, known for its prestigious Wharton School of Business, offers one of the top undergraduate programs for entrepreneurship.

1. University of Pennsylvania

At the University of Pennsylvania, you can study entrepreneurship. This school has a high rank for its undergraduate programs. It teaches the skills and tools that you need to start your own business.

The school also lets you learn from true-life experiences. If you want, you can go further in your studies with a Master’s Degree in Entrepreneurship here.

2. University of Michigan

The University of Michigan shines in the world of entrepreneurship. Its top-notch programs are known far and wide. The school’s entrepreneurial center is one of the top five on earth.

Many students flock here to study business. The Stephen M. Ross School of Business at Michigan is a favorite choice for future entrepreneurs. They also offer great plans at their Law School, Medical School, and College of Engineering.

Michigan also helps with other steps in your journey to start a business. You can get an entrepreneurship certificate here too! This special program will help you sharpen your skills as a business owner.

3. University of California, Berkeley

The University of California, Berkeley stands out in teaching entrepreneurship. The school’s program ranks high on the list of best degrees for entrepreneurs. It takes a top seat among 30-plus colleges that focus on turning students into business owners.

The program at this university is loved and offers good prices for students. Many successful entrepreneurs got their start here. With a degree from this school, you can launch your own business and become an entrepreneur who makes a big impact.

4. University of Texas at Austin

The University of Texas at Austin is known for its strong undergraduate programs in entrepreneurship. It offers a wide range of courses, with 51 options specifically focused on entrepreneurship.

The university has been ranked among the top 50 undergraduate programs for entrepreneurship by both The Princeton Review and Entrepreneur Magazine. UT Austin’s undergraduate entrepreneurship programs are highly regarded, particularly in the Midwest region.

With its reputation and diverse course offerings, UT Austin provides aspiring entrepreneurs with a solid foundation to pursue their business ventures.

5. Babson College

Babson College is known as the best college for entrepreneurship. It has consistently held the #1 ranking for its undergraduate and MBA programs in entrepreneurship for over twenty years.

The undergraduate program at Babson College is ranked #1 by U.S. News & World Report. They offer a top-ranked undergraduate entrepreneurship program that provides a degree comparable to a major in entrepreneurship or a bachelor’s degree in the field.

Many successful entrepreneurs have graduated from Babson College, making it an excellent choice for aspiring business owners.

6. University of Missouri

The University of Missouri offers top undergraduate programs for entrepreneurship. It is recognized for providing one of the best degrees for entrepreneurs. The university is part of the ranking of the top programs for studying entrepreneurship as an undergraduate.

It is included in the list of the top 50 best undergraduate programs for entrepreneurs. The University of Missouri provides a strong cross-disciplinary collaboration for students interested in entrepreneurship.

7. Kansas State University

Kansas State University has a highly regarded undergraduate program for entrepreneurship. It is ranked #48 on College Factual’s Best Schools for Entrepreneurship list and #1 in the state of Kansas.

The university’s entrepreneurship program is also recognized by The Princeton Review with Entrepreneur Magazine as one of the top 50 undergraduate schools for entrepreneurship. With its strong reputation, Kansas State University provides aspiring entrepreneurs with valuable tools and knowledge to succeed in starting their own businesses.

8. University of Southern California

The University of Southern California (USC) is ranked #20 for entrepreneurship among 310 schools. It is recognized by The Princeton Review and Entrepreneur as one of the top programs for studying entrepreneurship at the undergraduate level.

USC offers a BS in Entrepreneurship, which is considered one of the best degree programs in the Midwest.

The university provides various resources and support for innovation and entrepreneurship through its Innovation & Entrepreneurship programs, including courses, minors, innovation centers, challenges, and access to the start-up culture of Los Angeles.

Additionally, USC’s Viterbi School of Engineering offers additional resources for students interested in pursuing innovation and entrepreneurship.

9. Temple University

Temple University offers a top undergraduate program for entrepreneurship. Their Entrepreneurship & Innovation Management program provides a practical hands-on curriculum, giving students the skills and knowledge they need to succeed as entrepreneurs.

Ranked #25 on College Factual’s list of the best schools for entrepreneurial studies majors, Temple University’s Bachelor of Business Administration in Entrepreneurship & Innovation Management is considered among the best entrepreneurship programs.

The Princeton Review and Entrepreneur have also recognized Temple University’s entrepreneurship program as one of the top undergraduate programs.

10. University of Vermont

The University of Vermont offers a bachelor’s program in Entrepreneurship that is ranked #121 on College Factual’s Best Schools for Entrepreneurship list. It is also recognized as the top program in Vermont for entrepreneurship education.

The university provides students with a risk-free classroom setting where they can become entrepreneurs or partner with entrepreneurs in the community through courses.

The program has gained recognition for its strong emphasis on community partnerships and hands-on learning opportunities, making it an excellent choice for aspiring entrepreneurs looking to gain practical experience.

Why Should You Get a Bachelor’s in Entrepreneurship?

Getting a bachelor’s degree in entrepreneurship can be beneficial for aspiring entrepreneurs. While it’s not necessary to become a successful business owner, a degree in entrepreneurship provides valuable knowledge and skills that can help in starting and managing a business.

With this degree, you gain a deeper understanding of various aspects of running a business, such as accounting, marketing, and management. Subjects like marketing, business development, project management, and accounting teach important lessons that can be applied to real-life entrepreneurial ventures.

Additionally, pursuing a bachelor’s degree in entrepreneurship allows you to network with like-minded individuals and industry professionals who can provide guidance and support as you navigate the world of entrepreneurship.

The program also encourages creativity and innovation by providing opportunities to develop your own business ideas through projects or internships.

Furthermore, having a formal education in entrepreneurship helps establish yourself as a professional in any career field. It shows potential employers or investors that you have taken the time to learn about the complexities of starting and operating a successful business.

Overall, while earning a bachelor’s degree in entrepreneurship is not essential for everyone looking to start their own venture, it offers valuable knowledge and skills that can enhance your chances of success as an entrepreneur.

Top Graduate Programs for Entrepreneurs

Rice University offers a top graduate program for entrepreneurs.

11. Rice University

Rice University in Houston, Texas has the best graduate entrepreneurship program in the United States. They offer a full-time MBA with a major concentration in Entrepreneurship. The program is highly regarded for its academic quality and affordability.

Rice University is known for its strong research focus and is consistently recognized as one of the top schools for entrepreneurship studies by The Princeton Review.

12. The University of Chicago

The University of Chicago offers a graduate program for entrepreneurs through its Polsky Center for Entrepreneurship and Innovation. This program is ranked among the top 50 programs for 2023.

It provides students with an interdisciplinary approach, combining classroom courses with experiential programs and competition. The program aims to develop student’s entrepreneurial skills and provide them with the knowledge they need to succeed in starting their own businesses.

The University of Chicago’s entrepreneurship program has a strong reputation and engages with hundreds of students through its Careers In Entrepreneurship program.

By completing this graduate program, aspiring entrepreneurs can gain valuable insights and practical experience to help them launch successful businesses in the future.

13. Northwestern University

Northwestern University offers top graduate programs for entrepreneurs. The university is well-known for its entrepreneurship program at the Kellogg School of Management. It has been ranked among the best schools for studying entrepreneurship at the graduate level by The Princeton Review.

Northwestern University also provides undergraduate and graduate programs in entrepreneurship, giving aspiring entrepreneurs various opportunities to learn and develop their skills in starting and running a business.

14. Babson College

The Babson College Graduate Program for Entrepreneurs is consistently ranked as one of the best programs for entrepreneurs. It has been recognized by U.S. News & World Report as the No.

1 MBA program in Entrepreneurship for 30 years in a row. Babson College offers top-ranked graduate business programs, including their MBA for entrepreneurship.

The college’s programs have held the #1 entrepreneurship ranking for over two decades and are highly regarded by both U.S. News & World Report and Entrepreneur magazine.

Aspiring entrepreneurs looking to develop their skills and knowledge in starting and running a business should consider Babson College’s graduate program for entrepreneurs, which is associated with other top-ranked programs on the best degrees for entrepreneurs list.

15. University of Michigan

The University of Michigan is known for its strong entrepreneurial ecosystem, consistently ranking in the Top 5 globally. It has received recognition as the #1 school for entrepreneurship from Princeton Review and Entrepreneur.

The university offers one of the best master’s programs in entrepreneurship, as acknowledged by Princeton Review. In fact, according to both Princeton Review and Entrepreneur, U-M is associated with top graduate programs for entrepreneurs.

In 2021, it was included in the list of Top 15 graduate schools for entrepreneurship studies by Princeton Review.

16. University of Virginia

The University of Virginia is known for offering a wide range of area-focused electives in entrepreneurship, innovation, and related fields. They have an excellent reputation and are associated with some of the top graduate programs for entrepreneurs.

With nearly 30 graduate courses directly related to entrepreneurship taught by experienced faculty members, students at the University of Virginia receive a high-quality education in this field.

In fact, their online entrepreneurship degrees have been ranked as one of the best in the country for aspiring entrepreneurs by College Choice. This makes the University of Virginia a great choice for those looking to pursue a degree in entrepreneurship and start their own successful business ventures.

17. Columbia University

Columbia University is one of the top choices for aspiring entrepreneurs. They offer a wide range of graduate courses, with nearly 30 options specifically focused on entrepreneurship.

The university also provides workshops all year round to help entrepreneurs develop their skills and knowledge.

As an institution associated with some of the best graduate programs for entrepreneurs, Columbia University is ranked among the top 25 best degrees for those interested in starting their own businesses.

At Columbia Business School, students can take pioneering courses, earn STEM certification, and participate in immersive and experiential learning opportunities that focus on entrepreneurship and innovation.

18. The University of South Florida

The University of South Florida (USF) is highly recognized for its entrepreneurship education programs. In fact, USF’s Center for Entrepreneurship is ranked No. 9 in the nation in 2023.

It is the only university in Florida listed among the top entrepreneurship education programs in the country. USF offers a Master of Science in Entrepreneurship program that can be pursued alongside other degrees, allowing students to gain specialized knowledge and skills while studying their chosen field.

The Nault Center for Entrepreneurship at USF has also been recognized as one of the top graduate schools for entrepreneurship studies by The Princeton Review. With a cross-campus and interdisciplinary approach rooted in advanced STEM education, USF provides a supportive environment for aspiring entrepreneurs to thrive and succeed.

19. University of Rochester

The University of Rochester is known for its top graduate programs for entrepreneurs. At the Simon Business School, students are taught to think like entrepreneurs and develop the skills needed to succeed in business ventures.

The programs focus on identifying opportunities, managing risks, and building a strong foundation for launching a successful business.

Ranked among the top 50 graduate programs for studying entrepreneurship, the University of Rochester offers exciting opportunities to pursue entrepreneurship at the master’s level.

20. Northeastern University

Northeastern University is a recognized institution that has been providing entrepreneurship programs since 1958. The university’s entrepreneurship degree is accredited by the Association for Advancement of Collegiates.

In fact, Northeastern University has been ranked among the top 50 best graduate programs for entrepreneurs in 2023 by The Princeton Review and Entrepreneur. They offer a master’s degree in entrepreneurship, which is known for its affordability, flexibility, and academic quality.

Considering its long-standing history and reputable rankings, Northeastern University provides excellent options for aspiring entrepreneurs to pursue their business ventures with confidence.

Is Entrepreneurship Really a Career?

Entrepreneurship can indeed be a viable and fulfilling career choice. Entrepreneurship is all about starting and running your own business, turning your ideas into reality. It allows you to take charge of your professional journey, make independent decisions, and pursue new opportunities.

Many entrepreneurs find it rewarding to have control over their work-life balance and the chance to follow their passions.

By pursuing a degree in entrepreneurship or gaining experience in the field, individuals can develop the essential skills needed for success as an entrepreneur. These skills include creativity, innovation, leadership, problem-solving, and adaptability.

With an understanding of business principles and strategies gained through education or practical experience, aspiring entrepreneurs are better equipped to navigate the challenges of starting and growing a business.

Moreover, entrepreneurship offers numerous advantages such as the potential for financial independence, flexibility in working hours and location, personal fulfillment from bringing ideas to life, and the ability to make an impact on society through job creation or innovative products/services.

To sum up, Earners are enterprise owners who build new ventures with the goal of making them profitable enterprises.

Earning a master’s degree may open up various employment opportunities while helping develop a deeper understanding of startups & businesses, which could be beneficial when launching one’s own entrepreneurial venture.

Taking all this into consideration, it is safe enough to say that yes! Entrepreneurship is indeed a career option worth considering for individuals seeking professional independence along with passion-driven work opportunities.

Benefits of Business-Related Degrees

 

• Business-related degrees provide a strong foundation in fundamental business principles.
• These degrees teach essential skills such as financial analysis, marketing strategies, and project management.
• Students gain knowledge about business operations, including accounting, finance, and entrepreneurship.
• Business degrees offer opportunities for internships and real-world experience in the business industry.
• Graduates with business degrees have a wide range of career options in various sectors.
• Business-related degrees can lead to lucrative salaries and upward mobility in the professional world.

 

Benefits of Non-Business Degrees

Non-business degrees have several benefits for aspiring entrepreneurs. Here are some key advantages:

 

1. Unique Perspective: Non-business degrees provide entrepreneurs with a different lens through which to view the business world, allowing them to approach challenges and opportunities from a fresh perspective.
2. Interpersonal and Communication Skills: Non-business degrees emphasize communication and interpersonal skills, which are crucial for networking, pitching ideas, and building relationships with customers and investors.
3. Critical Thinking and Problem-Solving: Non-business degrees focus on critical thinking and problem-solving skills, enabling entrepreneurs to think outside the box and tackle complex issues creatively.
4. Specialized Knowledge: Pursuing a non-business degree in a specific field or industry can give entrepreneurs specialized knowledge that enhances their understanding of market trends, customer needs, and industry-specific challenges.
5. Well-Rounded Skill Set: Non-business degrees help entrepreneurs develop a diverse range of skills beyond traditional business disciplines, making them versatile professionals capable of adapting to various roles and responsibilities.
6. Broader Understanding of the World: Non-business degrees broaden an entrepreneur’s worldview by exposing them to different cultures, perspectives, and areas of study, enriching their understanding of society and influencing their decision-making process.
7. Unique Personal Brand: Having a non-business degree can set entrepreneurs apart from others in the business world by providing a unique personal brand and story that captures attention and generates interest among potential partners, clients, or investors.

 

Traditional Business Degrees vs. Online Degrees

Deciding between a traditional business degree and an online business degree can be a daunting task.

Here’s a comparison to help make your decision easier:

Traditional Business Degrees

These provide a comprehensive understanding of business principles and practices. They offer valuable networking opportunities, and the chance to build strong relationships with classmates and professors. They usually involve a fixed schedule and require regular attendance on campus.

Online Business Degrees

These deliver similar educational content while offering more flexibility. They can be completed from anywhere and allow students to learn at their own pace. They often cost less than traditional degrees, but may not provide the same level of networking opportunities.

Interaction

Traditional degrees offer direct interaction with faculty and peers, giving students the chance to learn from discussions and debates. Online degrees, while possibly offering interactive forums or video conferences, may not provide the same level of interpersonal interaction.

Access to Resources

Traditional degrees usually come with access to campus resources, like libraries, study groups, and career services. Online degrees often offer virtual resources, but some students may find the lack of physical resources challenging.

Reputation

Some employers still find traditional degrees more credible, but the perception of online degrees is rapidly changing. Many reputable universities now offer online degrees in business and entrepreneurship.

Schedule

Traditional degrees often require a strict schedule and may not be suitable for those juggling other commitments. Online degrees offer flexibility, allowing students to study when it best suits them.

Cost

Traditional degrees can be pricey, considering tuition, accommodation, and other related costs. Online degrees usually have lower tuition fees and no accommodation costs, making them a more affordable option for many.

Both paths have their pros and cons, and the decision largely depends on individual needs and circumstances. Future entrepreneurs must consider their learning style, financial situation, time availability, and career goals before making a choice.

How to Choose the Best Degree for an Entrepreneur

Choosing the best degree for an entrepreneur can be a personal decision based on individual interests and goals. Some popular options include business, accounting, computer science, marketing, and economics.

These degrees provide a strong foundation in areas such as finance, management, and strategy which are important for running a successful business. Additionally, environmental science is a valuable choice for entrepreneurs interested in making sustainable improvements to industries.

When deciding on a degree program, it’s important to consider the specific coursework offered and how it aligns with your entrepreneurial aspirations.

For example, programs focused on entrepreneurship or applied entrepreneurship often provide specialized classes like ethics, business law, accounting statistics, management, finance, and marketing that directly apply to starting and managing your own venture.

Ultimately, enrolling in a bachelor’s or master’s degree program that combines business knowledge with practical skills can be beneficial for aspiring entrepreneurs who want to launch their own successful ventures in the future.

Conclusion – Best Degrees for Entrepreneurs

In conclusion, there are a variety of degrees that can benefit aspiring entrepreneurs. Computer science, accounting, marketing, psychology, finance, communications, and IT degrees are just a few options to consider.

Whether it’s learning technical skills or gaining a deeper understanding of business principles, pursuing the right degree can help set you on the path to becoming a successful entrepreneur.

So explore your options and choose the degree that aligns with your passions and goals in the business world!

FAQs

1. What are the best degrees for entrepreneurs?

Some of the best degrees for entrepreneurs include business administration, marketing, finance, and entrepreneurship.

2. Do I need a specific degree to become an entrepreneur?

No, you don’t necessarily need a specific degree to become an entrepreneur. However, having a degree in a related field can provide valuable knowledge and skills that can contribute to your entrepreneurial success.

3. How can a degree help me as an entrepreneur?

A degree can help you gain essential business knowledge and skills that are valuable for running your own business. It can also provide networking opportunities and credibility when seeking funding or partnerships.

4. Can I be successful as an entrepreneur without a college degree?

Yes, many successful entrepreneurs have achieved success without a college degree. While education is important, having determination, creativity, and strong problem-solving skills are also crucial factors for entrepreneurial success.