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|
What Entrepreneurial Studies Majors Need to Know
In an O*NET survey, entrepreneurship majors were asked to rate what knowledge areas, skills, and abilities were important in their occupations. These answers were weighted on a scale of 1 to 5 with 5 being the most important.
Knowledge Areas for Entrepreneurship Majors
According to O*NET survey takers, a major in entrepreneurship should prepare you for careers in which you will need to be knowledgeable in the following areas:
- 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
A major in entrepreneurship prepares you for careers in which the following skill-sets are crucial:
- 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
As you progress with your entrepreneurship degree, there are several abilities you should pick up that will help you in whatever related career you choose. These abilities include:
- 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|
|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|
|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?
At the countrywide level, the racial-ethnic distribution of entrepreneurship majors is as follows:
|Race/Ethnicity||Number of Grads|
|Black or African American||113|
|Hispanic or Latino||92|
Americans aren’t the only ones with an interest in Entrepreneurship. About 29.5% of those with this major are international students. The most popular countries for students from outside the country are:
- Saudi Arabia
How Much Do Entrepreneurial Studies Majors Make?
Master’s Degree Starting Salary
The median starting salary of students who graduated in 2015-2017 with a master’s degree in entrepreneurship was $70,000 per year. These stats come from the U.S. Department of Education. During this timeframe, most salaries fell between $60,100 (25th percentile) and $106,500 (75th percentile).
It’s important to note that just because the people reporting these salaries have a degree in entrepreneurship, it does not mean that they are working in a job related to their degree.
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.
Amount of Education Required for Careers Related to Entrepreneurial Studies
Some careers associated with entrepreneurship require an advanced degree while some may not even require a bachelor’s. Whatever the case may be, pursuing more education usually means that more career options will be available to you.
How much schooling do you really need to compete in today’s job market? People currently working in careers related to entrepreneurship have obtained the following education levels.
|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%|
|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%|
|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%|
Online Entrepreneurial Studies Programs
In 2018-2019, 822 schools offered a entrepreneurship program of some type. 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|
|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!
Top Ranking Lists for Entrepreneurial Studies
Explore Major by State
District of Columbia
Majors Related to Entrepreneurial Studies
You may also be interested in one of the following majors related to entrepreneurship.
|Major||Number of Grads|
|Business Administration & Management||135,757|
|Management Sciences & Quantitative Methods||14,136|
|Human Resource Management||10,770|
|Finance & Financial Management||6,277|
|Management Information Systems||3,158|
|Other Business, Management & Marketing||1,240|
|General Sales & Marketing||637|
|Specialized Sales, Merchandising & Marketing||221|
|Business Support & Assistant Services||0|
*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.
- College Factual
- College Scorecard
- National Center for Education Statistics
- O*NET Online
- U.S. Bureau of Labor Statistics
- Usual Weekly Earnings of Wage and Salary Workers First Quarter 2020
- Image Credit: By Uicbmarketing under License
More about our data sources and methodologies.
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