Entrepreneurship - scope, careers, colleges, skills, jobs, salary
Everything you need to know about making a career in the Entrepreneurship. Entrepreneurship careers, scope, colleges, skills required, job prospects and salary. Discover the complete information of Entrepreneurship here.
About Entrepreneurship
Definition
“The entrepreneur always searches for change, responds to it, and exploits it as an opportunity.” ~Peter Drucker
Entrepreneurship is the process of designing, launching and running a new business, which is often initially a small business, and the people who create these businesses are called entrepreneurs. Entrepreneurship has been described as the “capacity and willingness to develop, organize and manage a business venture along with any of its risks to make a profit”. While definitions of entrepreneurship typically focus on the launching and running of businesses due to the high risks involved in launching a start-up, a significant proportion of businesses must close due to “lack of funding, bad business decisions, an economic crisis, lack of market demand—or a combination of these.
Entrepreneurship Career Path
| Post Graduate Diploma in Management - Business Entrepreneurship/MBA (Entrepreneurship & Family Business)/MBA (Social Entrepreneurship) | |
|---|---|
| Level | Post-Graduate |
| Duration | 2 years |
| Eligibility | Graduation with a minimum pass percentage depending upon the college, Candidates interested in applying for the program but still appearing for their final year examinations towards their Bachelor's degree (or equivalent) are also eligible to apply |
| Entrance Exam | Common Admission Test (CAT), Xavier Aptitude Test (XAT), AIMS Test for Management Admissions (ATMA), Management Aptitude Test (MAT), |
| Specialization | -- |
| Average Course Fee | ₹6,00,000 to ₹10,00,000 |
| Mode | Regular/Distance |
| Goal | Entrepreneur, Business Analyst, Business Consultant |
| Doctoral/Fellow Program in Management (Entrepreneurship) | |
|---|---|
| Level | Under-Graduate |
| Duration | Students are expected to complete the course within 5 years duration. |
| Eligibility | A Master's Degree (Bachelor’s degree obtained in 10+2+3 pattern, followed by a Master’s degree) or a 5 years Integrated Master’s Degree (obtained after completing higher secondary schooling in 10+2 pattern) in any discipline, with at least 55% percent marks in the Bachelor’s as well in the Master’s degrees., A professional qualification like CA, ICWA, CS, with at least 50% percent marks, A 4 year/8 Semesters Bachelor's degree (10+2+4 pattern) with at least 60% marks |
| Entrance Exam | Graduate Management Admission Test (GMAT), Graduate Record Examination (GRE), Common Admission Test (CAT), Graduate Aptitude Test in Engineering (GATE) |
| Specialization | -- |
| Average Course Fee | ₹2,10,000 |
| Mode | Regular |
| Goal | Entrepreneur, Business Analyst, Business Consultant |
Related Courses
Colleges for Entrepreneurship
- Amity Business School, Noida
- Indian Institute of Entrepreneurship, Guwahati
- Indian Institute of Entrepreneurship, Management and Technology, Mumbai
- Indian Institute of Management (IIM), Bangalore
- Narsee Monjee Institute of Management Studies (NMIMS), Mumbai
- National Institute for Entrepreneurship & Small Business Development (NIESBUD), Delhi
- Nirma Institute of Management, Ahmedabad
- S.P. Jain Institute of Management & Research (SPJIMR), Mumbai
- Symbiosis Centre for Distance Learning, Pune
- Xavier Institute of Management & Entrepreneurship (XIME), Bangalore
Top Colleges for Entrepreneurship
Scholarship / Fellowship in Entrepreneurship
- Post Matric Scholarships Scheme for Minorities
- Pre-matric Scholarship for Students with Disabilities
- Scholarships for Top Class Education for students with disabilities.
- Top Class Education Scheme for SC Students
- National Fellowship and Scholarship for Higher Education of ST Students - Scholarship (Formally Top Class Education for Schedule Tribe Students)
- Prime Minister's Scholarship Scheme For Central Armed Police Forces And Assam Rifles
Entrepreneurship Key Skills
Confidence
Creativity
Flexibility
Focus and hard work
Innovative Skills
Leadership Skills
Managerial skills
Mental alertness
Motivational Skills
Multitasking
Organization & Time Management
Organizational & time management skills
Passion for learning
Positive attitude
Problem Solving
Self Motivation
Entrepreneurship Career Prospects
- Small Business Owners
- Business Consultants
- Business Reporters
- Fundraisers and Development Officers
- Sales Managers
- New Venture Developers
- Teaching / Faculty
Jobs in Entrepreneurship
- Own Business
- Jobs in different industries
- Business Analyst
- Business Consultant
- Business Reporter
- Marketing Manager
Salary in Entrepreneurship
Sky is the limit to what an entrepreneur can earn! A combination of creativity and hard work can take a person who did a course in entrepreneurship to new heights. The initial salary can be around ₹18,000 to ₹50,000 per month, but this figure can increase depending upon the efforts put in.
Entrepreneurship Role Models
Anand Mahindra
Anand Mahindra- He is the chairman of Mahindra Group, a Mumbai-based business conglomerate. Hailed as 'The Federator' by Forbes (India) Magazine, Anand Mahindra started his career at Mahindra Group with Mahindra Ugine Steel Company Ltd. He was included by Fortune Magazine among the 'World's 50 Greatest Leaders' and was featured in the magazine's 2011 listing of Asia's 25 most powerful business people. Anand was noted by Forbes (India) as their 'Entrepreneur of the Year' for 2013.
Azim Hashim Premji
Azim Hashim Premji- He is an Indian business tycoon, investor, philanthropist, and the chairman of Wipro Limited. He is informally known as the Czar of the Indian IT Industry. He has twice been listed among the 100 most influential people by TIME Magazine, once in 2004 and more recently in 2011. Premji owns 73% percent of Wipro and also owns a private equity fund, Premji Invest, which manages his $2 billion worth of personal portfolio. He is currently the second richest person in India with an estimated net worth of US$19.5 billion as of November 2017. In 2013, he agreed to give away at least half of his wealth by signing The Giving Pledge. Premji started with a $2.2 billion donation to the Azim Premji Foundation, focused on education in India.
Further Readings
- http://www.iimb.ac.in/sites/default/files/FPM-AdmissionProcess-2018.pdf
- http://disabilityaffairs.gov.in/content/page/pre-matric-and-post-matricsscholarship-for-students-with-disabilities.php
- https://www.ugc.ac.in/rgnfst/
- https://scholarships.gov.in/public/schemeGuidelines/MoHA-(WARB)-RevisedGuidelines_PMSS(MHA).pdf
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