Entrepreneur vs MBA

[davinder33]

Do you need a MBA to be an entrepreneur? DOes it help?

---------- Post added at 09:46 PM ---------- Previous post was at 09:44 PM ----------

I should tell - i am an engineer thinking about a mba.

[ashimjolly]

An MBA degree can add credibility but a good work experience can probably add more than just credibility since at the end of the day it's execution that is needed !!

[magnitude101]

Originally Posted by davinder33

Do you need a MBA to be an entrepreneur? DOes it help?

---------- Post added at 09:46 PM ---------- Previous post was at 09:44 PM ----------

I should tell - i am an engineer thinking about a mba.

I would say yes. Through an MBA you get access to a great network of people, can fund-raise, and take advantage of the personal development opportunities. Some Business Schools such as EMLYON in France pride themselves on their entrepreneurial MBA. Their programme and facilities esp. the incubator are worth having a look at.

[Raghukool]

Absolutely and Definitely NO! It might help you but it won't guarantee you in becoming a successful entrepreneur...

[harkirat1]

Originally Posted by davinder33

Do you need a MBA to be an entrepreneur? DOes it help?

---------- Post added at 09:46 PM ---------- Previous post was at 09:44 PM ----------

I should tell - i am an engineer thinking about a mba.

I believe Entrepreneurship is the practise to start new organization generally in response to identified opportunities and i believe MBA in entrepreneurship is essential if you have your own enterprises.

It opens your mind- broad strategic out of the box thinking

Helps you understand global market and lets you step out of your comfort zone.

Builds leadership quality and teaches you how to work with a team.

But you need to keep in mind that you always chose the right institute which has pays a special attention on MBA in entrepreneurship or has a specialised course.

[nivedita2810]

It is certainly not a compulsion to have an MBA degree to be an entrepreneur. In fact most entrepreneurs are the ones who never got any formal education for it. Barring that, there are also many young entrepreneurs budding these days who are very well educated and have a lot of potential. Receiving education in entrepreneurship would acquaint you with various theoretical aspects of it which would help you build and sustain a good business model later.

[harry22]

This has been one of the most debatable topics of all time and certainly most difficult to answer, I attended a seminar sometime back and heard Mr. Rajiv Sinha Dean MYRA School of Business on “Should Entrepreneur have an MBA degree” and was really moved by his thoughts on the same. He said entrepreneurship is about believing yourself and following your heart and identifying new opportunities and growing business is about using brain and creating strategies and to be a complete entrepreneur as a whole you need to have both. If you have an MBA and you aspire to be an entrepreneur that means you are moving in the right direction.

[shruti.j]

Entrepreneurship as a career option has evolved due to the cut-throat competition and dwindling opportunities in the formal sectors. Any individual who has a dream to do something on their own can seriously consider entrepreneurship as a career option. However, gaining valuable knowledge and learning the skills to start up a venture is as essential as acquiring a formal degree. There are several new institutes that offer entrepreneurship courses of international standards in India itself today, to name a few Mysore Royal Academy and the new IIM Uttrakhand are one of these B-schools. An MBA degree specializing in Entrepreneurship is a great foundation for a successful business venture. Whether you want to set up your own business or enter a business-based career, these MBA programs can prove invaluable as they will equip you with the knowledge and skill you need, along with effective investment plans.

[jenni]

Getting a degree in entrepreneurship builds a person’s confidence and teaches various aspects of business. Moreover as an engineering student, management is a new field for you. It would be better to get acquainted with HR, Marketing, Finance, Operations etc before trying your hand at entrepreneurship. Also interacting with various other classmates would help you understand the concepts much better.

[Shanas]

While there is no educational requirement for successful entrepreneurship, an MBA will give you the skills and expertise to move your business ventures forward. Entrepreneurship MBA programs are designed to give students the necessary skills for launching a new business, including: new product marketing, market research, raising capital, and developing new services. Some schools offer specialized programs for students launching new businesses which give students opportunities to network, one such institute is MYRA school of business, it is a new b-school which offers international quality of education in entrepreneurship.