Top 5 MBA Programs to Make You Become a Better Entrepreneur

By  //  February 18, 2021

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The great thing about entrepreneurship is that everyone has the chance to become one. No formal qualifications are necessary to becoming a successful entrepreneur.

However, getting your MBA can still do wonders for your business and its likelihood of succeeding.

Yes, you can still be an entrepreneur without it, but there are plenty of advantages if you do. An MBA can help you gain a better grasp of your industry that can help you make better decisions as an entrepreneur.

MBA programs also give you the chance to forge connections with fellow entrepreneurs, building your network, which can prove to be invaluable for your success.

Keep in mind that you would need an outstanding GMAT score unless you are a rockstar!

With that said, here are the top 5 MBA programs you can enroll in if you want to become a better entrepreneur.

Stanford’s Graduate School of Business

Considered one of the top schools in the country, Stanford’s business school has produced many of the world’s leading entrepreneurs. With their Center for Entrepreneurial Studies, business owners or aspiring entrepreneurs can learn more about their industry and become better entrepreneurs.

Two courses that stand out the most are their Stanford Venture Studio and Startup Garage. The former provides support to students going on their own business venture by connecting them with hundreds of alumni, giving them access to co-working spaces, and providing them with an abundance of free resources.

Meanwhile, Startup Garage is a course where student teams are shown how to build their businesses and immediately apply what they’ve learned. The students supply the business idea while Stanford offers the “garage,” wherein they can develop it.

Babson College (Olin)

Existing for more than a century, Babson College is among the top business schools in the country, and with good reason. Not only do they supply the academic courses needed to hone entrepreneurs’ technical knowledge, but they also provide many opportunities wherein their students can have hands-on experiences.

They provide their students access to many entrepreneurship-related events, such as workshops, competitions, and conferences, wherein students can test their knowledge and hone their skills as entrepreneurs.

The Entrepreneurship Forum, in particular, is one of the college’s most significant events. It attracts students from different parts of the world and includes many events that students can participate in to improve their knowledge and skills as entrepreneurs.

Massachusetts Institute of Technology Sloan

While MIT is often associated with engineering and other physical sciences, they also have one of the top business schools in the country, the MIT (Sloan).

Basing their curriculum on the school’s motto, Mens et Manus, MIT offers business courses that help their students develop their business ideas and turn them into applicable solutions.

There are three ways MIT does this – through entrepreneurial coursework, organizations and research centers, and entrepreneurship clubs. Through these, they produce graduates that can transform the world through their entrepreneurship skills.

University of Pennsylvania – Wharton

The Wharton School of business is another top school for aspiring entrepreneurs and entrepreneurs looking to hone their skills. With their Goergen Entrepreneurial Management Program, students can focus on developing their business ideas and turning them into viable businesses to meet the world’s needs.

Wharton even funds some of their students through the Penn Wharton Innovation Fund, which subsidizes qualified students’ startup ideas. They also have the Penn Wharton Startup Challenge, wherein winners can get thousands of dollars to help kickstart their business ventures.

Other options include the President’s Innovation Prize, President’s Engagement Prizes, Weiss Tech House Innovation Fund, and more.

University of California – Berkeley (Haas)

The University of California – Berkeley also houses one of the top business schools in the country – the Haas School of Business. They offer one of the top MBA programs in the country and offer lucrative scholarships to qualified students.

Through their Berkeley Haas Entrepreneurship Program, students can sharpen their entrepreneurial skills through various methods. These include things like traditional academic coursework, mentorship programs, hands-on learning opportunities, and more.

Their MBA program is one of the best in the country, and students get the opportunity to learn the basics of entrepreneurship and more detailed knowledge of the industry. Because of this, you can improve your entrepreneurial skills and become a successful business owner.

Entrepreneurship may not require you to have an MBA to be successful, but having one is undeniably helpful for your success. If you want to restart your education journey, most of you need to get a great GMAT score and start to prepare early.

A good way to get started is to take a mock GMAT and improve your weak areas with prep materials. You can get many good materials cheaply if you buy during the holiday season or Black Friday.

Through an MBA, you can gain a more in-depth knowledge of your industry, allowing you to hone your skills and do what it takes to become a successful business owner.

These programs won’t just give you the fundamental concepts of entrepreneurship, but they will also give you the ins and outs of the trade. Getting an MBA won’t just give you the technical knowledge necessary for a successful business venture but also provide you with the experience and connections needed to succeed.