Online Masters Degree in Entrepreneurship

If you're wondering about the return on investment for graduate studies, the U.S. Bureau of Labor Statistics reports that advanced degrees can raise your salary and lower your unemployment potential. In 2011, individuals with master's degrees enjoyed $625 more in median weekly earnings and a 5.8 percent lower unemployment rate than those with a high school diploma.

In addition to these general benefits of graduate studies, master's degrees in entrepreneurship offer business savvy, financial acumen, marketing strategies and resource management know-how.

Curriculum for master's degrees in entrepreneurship

Time-tested business principles prepare entrepreneurs to size up opportunities, make wise financial decisions, raise venture funding and hire a strong team. An emerging focus is on Internet strategies such as e-commerce, digital marketing and social media. Here are some of the common course titles:

  1. Business ethics
  2. Business law
  3. Data and statistics
  4. Financial accounting
  5. Investment management
  6. Managerial accounting
  7. Operations planning

Skills in finance, math, science, technology and leadership help you get ready for the challenges of starting up and growing your own business. Coursework can vary depending on your interest; for example, you might focus on technological innovation and R&D.

Career options, outlook and salary

Master's degrees in entrepreneurship are jumping off points for career diversity. You could become a CEO by founding and running your own company. The BLS reveals salary data and employment expectations for top executives, whose median annual wages for May 2010 hit $101,250. In the competitive market for CEOs, jobs are expected to grow by 5 percent from 2010 to 2020.

You could also opt for freelance consulting, helping to build someone else's business. For management analysts, median annual wages for 2010 reached $78,160. The BLS projects a faster than average increase in employment of 22 percent from 2010 to 2020. These professionals, also called management consultants, typically have 1-5 years of experience in addition to their degrees.

Balancing education with experience

Your current endeavors and obligations may make it challenging to return to school. Convenient online programs allow you to earn master's degrees in entrepreneurship with the benefit of flexible scheduling. Web-based courses also offer an embedded technological component and the chance to network with business minds around the globe. Motivated entrepreneurial types are strong candidates for self-directed studies.

Featured Online Entrepreneurship Degree Programs

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