The 5 most affordable Masters in Entrepreneurship

The 5 most affordable Masters in Entrepreneurship


Entrepreneurship is on the rise in the world. More and more people are choosing the entrepreneur life instead of the 9 to 5 corporate life. In this article, EDUopinions will talk about the 5 most affordable masters in entrepreneurship, what jobs can you get with a masters in entrepreneurship and what is the average salary of an entrepreneur.

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The 5 Most affordable Masters in Entrepreneurship

Alba Graduate Business School

The MSc in Entrepreneurship by Alba Graduate Business School in Athens is a 12-month programme. It develops entrepreneurial skills, knowledge and experience. This is a new approach to entrepreneurship education. The MSc in Entrepreneurship prepares learners to live, master and create entrepreneurship. They have 15 core modules and 2 workshops. The tuition fees are 12,500€.

GBSB Global

GBSB Global Business School

The Masters in Entrepreneurship in Barcelona by GBSB offers students the skills training to foster the entrepreneurial mindsight. Students can learn about doing business in Europe, Asia, the Middle East and Latin America, which helps develop the skills and knowledge to be competitive in the global market. Accredited by Vic – Central University of Catalonia (UVic-UCC), this Masters in Entrepreneurship is a nine-month-long course. The tuition fees in 13,490€.

EU Business School

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The programme offered by EU Business School is the MBA in Innovation & Entrepreneurship. This one year-long course explores the main components of innovation and new venture creation. The classes are held on campus as well as online. After completion of the course, you will get a state-recognized, university master’s degree accredited by Universidad Católica de Murcia (UCAM), Spain. The tuition fees for this programme is €20,850.

New European College

The New European College is a private international Business School in Munich. It offers business administration and international management programs in English. Specifically, the Master of Business Management with the specialisation in Entrepreneurship & Innovation is one of their renowned programmes. It is an 18-month master programme and the tuition fees are 12,200€ (for EU citizens) and 18,300€ (for non-EU citizens).

UPF Barcelona School of Management – BSM

UPF Barcelona School of Management – BSM sees education as a bond between university and company, that’s why the master programmes are not only well-structured but also offer industry insights and knowledge. The academic staff is highly qualified and consists of national and international faculty members. Specifically, the Master of Science in Management (specialization in Entrepreneurship) lasts 12 months and the tuition fees are 18,500€.

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Why should you do a Masters in entrepreneurship?

We live in a world where the future is uncertain and the jobs are constantly evolving. Our current skills might go out of date very swiftly. Learning how to be an entrepreneur can help you be a good business owner. In fact, entrepreneurship teaches people to cultivate unique skills and think outside the box. Plus, a Masters in Entrepreneurship also help acquire skills and business knowledge needed to develop new ideas. If we highlight the differences between a Masters in Entrepreneurship vs MBA, the come to the conclusion that the first teaches you to be a businessman, the second teaches you to be a manager in a professional environment.

What jobs can you get after a Masters in entrepreneurship?

After obtaining an entrepreneurship degree, you may not be ready to start a company quite yet. To test the waters, you may want to work for someone else for a while. Fret not, there are various job opportunities available after a Masters in Entrepreneurship. You can work in the mid-level management, they convert the idea into execution. You can also become a business consultant, be a sales rep, a teacher, or even a recruiter.

What is the average entrepreneur salary?

A study by American Express OPEN found that more than half of entrepreneurs surveyed were paying themselves a full-time salary, and typically making  $68,000 a year. Of course, the number rises and falls, but on average, the Masters in Entrepreneurship salary is around $70,000. But, remember, there are entrepreneurs who make far more and far less.

Are entrepreneurs born or made?

This is a tricky question that can be answered in many ways. Let’s look at some examples. Richard Branson started a youth-culture magazine at the age of 16. Tech innovator Steve Jobs started selling ‘blue boxes’ that would allow you to place free calls, to fellow students. Clearly, these people had a fire in them to be an entrepreneur from an early age. However, According to an Ernst & Young report ‘Decoding the DNA of the entrepreneur’ some form of business experience was considered a vital foundation that increased the chances of future entrepreneurial success and about 45% of the respondents said they had started their first venture after the age of 30.

What we can conclude is that there are so many complex ideas and also different types of entrepreneurs, that there’s no right answer. It’s never too late to start!

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Entrepreneurship is a popular field which helps you be your own boss. With many universities teaching Masters in entrepreneurship, it is a good time to get into this field and prove your worth.

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Nikita is one of the main authors at EDUopinions, specialised in Higher Education and focused on business studies analysis. She is a digital nomad who works while travelling.

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