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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


Entrepreneurship - scope, careers, colleges, skills, jobs, salary

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)
LevelPost-Graduate
Duration2 years
EligibilityGraduation 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 ExamCommon 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
ModeRegular/Distance
GoalEntrepreneur, Business Analyst, Business Consultant
Doctoral/Fellow Program in Management (Entrepreneurship)
LevelUnder-Graduate
DurationStudents are expected to complete the course within 5 years duration.
EligibilityA 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 ExamGraduate 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
ModeRegular
GoalEntrepreneur, Business Analyst, Business Consultant

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




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