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Why MBA in Entrepreneurship is Catching up in India?

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Dr. Monica Agarwal, Assistant Professor in Management, Sharda UniversityThere are a huge amount of small businesses that are doing amazing work. By nature of looking into different markets, a degree in MBA gives you the confidence to knock on doors, and open doors. Entrepreneurship has been gaining ground at business schools, which are keen to succeed in an emerging trend of upstart hopefuls and fledgling founders breaking ranks with traditional career paths. Before the financial crisis, it was a rarity for many MBA graduates to diverse from the corporate track. Today, however, students are flocking to entrepreneurship electives and incubators in droves.

The elite schools like IIM Calcutta, IIM Bangalore, IIM Luck now and IIM Indore, once known for their links to the financial world and consulting firms, are seeing massive increases in MBA students pursuing entrepreneurial ventures. The school runs a mandatory entrepreneurship project, designed within the MBA curriculum. Students take what they have learned in the classroom and combine it with lean start-up principles to start a real venture. This trend has been gaining ground, and the change is very apparent too in terms of the start-ups
that approach us these days -people have better backgrounds and better experience. Government initiatives like Start up India and Digital India has helped a lot in creating a new breed of educated first time entrepreneurs coming out of Business schools and creating their own space in setting up new business. Students can major in innovation and entrepreneurship, beneficial for those who want to start their own ventures, and MBAs who want to invest in or finance start-ups.

Government initiatives like Start up India and Digital India has helped a lot in creating a new breed of educated first time entrepreneurs coming out of Business schools and creating their own space in setting up new business.


The existence of an enabling ecosystem - incubators and accelerators, angels and impact investors has also encouraged management and engineering graduates to follow the entrepreneurial path. Even if their start-up doesn't take off, these experiences help the resume. More employers want candidates to have start-up experience on the resume. Money, fame and independence aren't the only driving factors. Several of these entrepreneurs are also eager to do something for the society.

Most of the startup founders helmed small ventures and started off right after college with little or no experience. Some ventures have closed, while others are still running. But what they have all realized is this: the merits of an MBA in equipping them with the proper knowledge and business skills as well as the network these top B-schools give them access to.Business schools are gaining as more and more students in India are opting for MBA in entrepreneurship. Institutes say that these entrepreneurs bring tremendous value to the classroom. Besides, their experience tends to give them an edge in admission. When it comes to the personal interview, entrepreneurs tend to perform better because they have been in the trenches. They have seen the ups and the downs and they have a more nuanced understanding of business.