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Entrepreneurial Studies Major

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Entrepreneurial Studies

1,171 Master's Degrees Annually
23 Doctor's Degrees Annually
#100 in Popularity (Master's)
$115,590 Median Salary

Types of Degrees Entrepreneurial Studies Majors Are Getting

The following table lists how many entrepreneurial studies graduations there were in 2018-2019 for each degree level.

Education Level Number of Grads
Master’s Degree 1,171
Graduate Certificate 584
Doctor’s Degree 23

What Entrepreneurial Studies Majors Need to Know

People with careers related to entrepreneurship were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Entrepreneurship Majors

Entrepreneurship majors often go into careers in which the following knowledge areas are important:

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  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Skills for Entrepreneurship Majors

When studying entrepreneurship, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

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  • Speaking - Talking to others to convey information effectively.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Abilities for Entrepreneurship Majors

A major in entrepreneurship will prepare for your careers in which the following abilities are important:

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  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.

What Can You Do With a Entrepreneurial Studies Major?

People with a entrepreneurship degree often go into the following careers:

Job Title Job Growth Rate Median Salary
Business Professors 18.0% $83,960
Compliance Managers 8.0% $107,480
General and Operations Managers 9.1% $100,930
Investment Fund Managers 8.0% $107,480
Loss Prevention Managers 8.0% $107,480
Regulatory Affairs Managers 8.0% $107,480
Security Managers 8.0% $107,480
Supply Chain Managers 8.0% $107,480
Wind Energy Operations Managers 8.0% $107,480

Who Is Getting a Master’s Degree in Entrepreneurial Studies?

1,171 Master's Degrees Annually
47% Percent Women
30% Percent Racial-Ethnic Minorities
According to recent stats this major attracts about equal numbers of men and women. Roughly 47% of the graduates are women, and 53% are men.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of entrepreneurship majors is as follows:

Racial-Ethnic Diversity of Entrepreneurship Students with Master's Degrees
Race/Ethnicity Number of Grads
Asian 116
Black or African American 113
Hispanic or Latino 92
White 390
International Students 345
Other Races/Ethnicities 115

Geographic Diversity

Entrepreneurship appeals to people across the globe. About 29.5% of those with this major are international students. The most popular countries for students from outside the country are:

  • China
  • India
  • Indonesia
  • Saudi Arabia
  • Canada

How Much Do Entrepreneurial Studies Majors Make?

Master’s Degree Starting Salary

The median early-career salary of entrepreneurial studies students with a master’s degree is $70,000 a year according to 2017-2018 data from the U.S. Department of Education. During this timeframe, most salaries fell between $60,100 (25th percentile) and $106,500 (75th percentile).

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We don’t know for sure if all of these people took jobs related to entrepreneurship so take that into consideration.

Salaries According to BLS

Entrepreneurship majors often go into careers where salaries can range from $103,330 to $123,880 (25th to 75th percentile). This range includes all degree levels, so you may expect those with a more advanced degree to make more while those with less advanced degrees will typically make less.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for an Entrepreneurial Studies Major  ( 103330 to 123880 )
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Median Salary for a High School Graduate  ( 30000 to 57900 )
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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

Some careers associated with entrepreneurship require an advanced degree while some may not even require a bachelor’s. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

Find out what the typical degree level is for entrepreneurship careers below.

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Education Level Percentage of Workers
High School Diploma - or the equivalent (for example, GED) 4.4%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production) 3.9%
Some College Courses 5.2%
Associate’s Degree (or other 2-year degree) 5.7%
Bachelor’s Degree 42.3%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. 6.8%
Master’s Degree 18.7%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level. 3.2%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession. 0.9%
Doctoral Degree 9.4%

Online Entrepreneurial Studies Programs

In the 2018-2019 academic year, 822 schools offered some type of entrepreneurial studies program. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level Colleges Offering Programs Colleges Offering Online Classes
Certificate (Less Than 1 Year) 358 82
Certificate (1-2 years) 171 34
Certificate (2-4 Years) 4 0
Associate’s Degree 196 37
Bachelor’s Degree 59 22
Post-Baccalaureate 358 82
Master’s Degree 81 25
Post-Master’s 14 0
Doctor’s Degree (Research) 5 1
Doctor’s Degree (Professional Practice) 1 0
Doctor’s Degree (Other) 0 0

Is a Degree in Entrepreneurial Studies Worth It?

The median salary for a entrepreneurship grad is $115,590 per year. This is based on the weighted average of the most common careers associated with the major.

This is 190% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,513,800 after 20 years!

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You may also be interested in one of the following majors related to entrepreneurship.

Major Number of Grads
Business Administration & Management 410,147
Accounting 105,123
General Business/Commerce 58,451
Finance & Financial Management 56,186
Marketing 51,241
Human Resource Management 26,823
Management Sciences & Quantitative Methods 23,738
Business Support & Assistant Services 19,483
Hospitality Management 19,042
Management Information Systems 14,747
International Business 10,181
Business/Managerial Economics 6,345
Specialized Sales, Merchandising & Marketing 5,873
Other Business, Management & Marketing 5,834
General Sales & Marketing 5,734
Real Estate 5,700
Construction Management 3,664
Insurance 2,218
Taxation 1,783
Business/Corporate Communications 968
Telecommunications Management 71

References

More about our data sources and methodologies.

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