MBA Innovation and Entrepreneurship: Course, Syllabus, Colleges, Fees, Eligibility, Exams, Salary

What is MBA Innovation and Entrepreneurship?

MBA in Innovation and Entrepreneurship is a two-year postgraduate programme that offers education in business, research, and technology-related fields. In today's dynamic and rapidly evolving world of innovation and entrepreneurship, candidates with expertise in this specialisation are highly sought after due to their knowledge and skills. The MBA in Innovation and Entrepreneurship course not only provides knowledge of finance, market research, and project management but also covers areas such as digital marketing, data analytics, and emerging technologies like AI and ML.

With the help of hands-on experience, case studies, projects, and research, the MBA in Innovation and Entrepreneurship prepares graduates for roles in startup leadership, innovation management, corporate venturing, and consulting. In this article, we will read about the scope, careers, fees, salary, and benefits of an MBA in Innovation and Entrepreneurship.

Highlights - MBA Innovation and Entrepreneurship

MBA Innovation and Entrepreneurship Eligibility Criteria

Every college has its own MBA Innovation and Entrepreneurship eligibility criteria, which are available on their official websites. While a degree with a minimum set of marks is a common requirement for all colleges, the type of degree and the required minimum marks can vary between institutions. Government-funded institutions tend to have stricter requirements compared to private colleges.

The MBA Innovation and Entrepreneurship eligibility criteria may also vary based on the nationality of the candidates, with international students often having slightly different requirements than Indian students. Following is a list of MBA Innovation and Entrepreneurship eligibility criteria considered by most management colleges in India.

• Candidates should hold a bachelor's degree from a recognised university in any field.

• They must attain a minimum of 50 per cent of their academic qualifications.

• Candidates are required to successfully pass the prescribed entrance examination.

• For candidates belonging to reserved categories, there will be a relaxation of five per cent on the minimum required marks.

Popular Management Colleges in India

MBA Innovation and Entrepreneurship Admission Procedure

Each academic year, colleges offering MBA Innovation and Entrepreneurship courses release admission notifications on their official websites. These notifications typically include important information regarding eligibility criteria, entrance examinations, total seat intake, and reservation norms. The MBA Innovation and Entrepreneurship admission procedure can vary from one college to another, but most public colleges follow a similar process.

This process often includes an entrance test, followed by seat allotment based on the scorecard of the entrance test. Due to the high level of competition, gaining admission to public colleges can be challenging, and candidates are generally required to achieve high scores in the entrance test. Also, public colleges often follow reservation norms specified by the state or central government during the admission process. In the list below, we have compiled the MBA Innovation and Entrepreneurship admission procedure followed by top management colleges in India.

• Candidates need to meet the eligibility criteria; otherwise, their applications will not be entertained.

• Candidates are required to participate in and successfully clear specific entrance examinations, which may include CAT, CMAT, GMAT, MAT, NMAT, as well as other exams conducted at the state or university level.

• They can fill out online counselling and indicate their preferred branch only if they clear the cutoff.

• While a personal interview may be part of the selection process, it is not always a compulsory requirement.

• The allocation of seats is primarily based on the performance of candidates in the entrance tests.

• Candidates are expected to submit valid documentation and pay course fees.

Top MBA Innovation and Entrepreneurship Entrance Exams

Premier management institutes in India admit students based on their performance in entrance examinations. These entrance exams may include the CAT, CMAT, GMAT, MAT, and NMAT, among others. It is important for candidates to thoroughly review the specific entrance exam requirements for the college they are interested in, as they may not be required to take all of these exams. Below, we have listed some of the top MBA Innovation and Entrepreneurship entrance examinations that serve as gateways to admission to the best management colleges in India.

CAT: The Common Admission Test (CAT) is a widely recognised computer-based test that is highly esteemed as one of the top entrance exams for MBA in Innovation and Entrepreneurship. CAT allows admission to MBA programmes at prestigious institutions such as the Indian Institutes of Management (IIMs) and other leading business schools in India. Every year more than two lakh applicants appear for the CAT exam.

MAT: The Management Aptitude Test (MAT) is a national-level entrance test and its scores are accepted by a wide range of management institutes and business schools in India. These include both national and international institutions.

GMAT: GMAT (Graduate Management Admission Test) is a widely recognised and respected exam that can open doors to a diverse range of MBA programmes worldwide. This exam is administered by the Graduate Management Admission Council (GMAC).

CMAT: The CMAT (Common Management Admission Test) exam is conducted by the National Testing Agency (NTA) and lasts three hours. It is conducted annually, particularly in January.

MBA Innovation and Entrepreneurship Cutoff for Top Colleges

The MBA Innovation and Entrepreneurship cutoff score for each college varies, with top colleges having higher cutoff scores. Many colleges base their cutoffs on entrance exams such as the CAT, CMAT, GMAT, MAT, NMAT, and other state or university-level exams. The MBA Innovation and Entrepreneurship cutoff can fluctuate each year, depending on factors like the exam's difficulty level, the total number of available seats, and the number of applicants. Also, in public colleges, there will be special seats for reserved category candidates.

MBA Innovation and Entrepreneurship Skills

To excel in the MBA Innovation and Entrepreneurship course and gain a comprehensive grasp of the subjects and concepts covered, candidates should possess specific skill sets. These skills are not obligatory but can greatly benefit candidates not only during their studies but also in their future careers. Here are some MBA in Innovation and Entrepreneurship skills that can prove advantageous for candidates:

MBA Innovation and Entrepreneurship Syllabus/Subjects

The MBA Innovation and Entrepreneurship curriculum is divided into four semesters, comprising core subjects, elective subjects, case studies, projects, and internships. While the specific subjects taught in the curriculum may vary across colleges, the overall structure remains consistent for most institutions. In the table below, we have compiled a list of MBA Innovation and Entrepreneurship subjects taught at SIBM Pune.

MBA Innovation and Entrepreneurship Fees

Candidates will find significant variation in MBA Innovation and Entrepreneurship fees, as it varies across different institutions. Public colleges typically offer lower fees compared to private colleges, but gaining admission to these public colleges can be challenging due to their rigid admission procedures. Public colleges often provide scholarships for deserving students and those belonging to reserved categories.

MBA Innovation and Entrepreneurship fees are determined by various factors, including the academic and placement records of the college, location, and facilities provided. Also, fees may vary based on gender and can differ for international students. The average MBA Innovation and Entrepreneurship fees range from Rs. 5 lakhs to Rs. 9 lakhs.

MBA Innovation and Entrepreneurship Scope

An MBA in Innovation and Entrepreneurship is a dynamic and ever-evolving field of business and innovation and its scope is promising. Graduates can work in the investment sector, evaluating startups and innovative businesses for potential investments and helping them grow. Furthermore, those who aspire to start their own businesses and work on innovative ideas can become entrepreneurs.

Candidates with an interest in higher education can choose to pursue a Ph.D. and secure job roles as academicians or researchers. The scope of an MBA in Innovation and Entrepreneurship is not limited to a specific industry or sector. It spans various sectors, including technology, healthcare, finance, and education.

Career Options after an MBA in Innovation and Entrepreneurship

The career options after an MBA in Innovation and Entrepreneurship are diverse, and the skills gained during the programme curriculum can be used across industries. Candidates can pursue career paths according to their interests, strengths, and the specific opportunities available in their region or globally. Whether they want to be a startup founder, a corporate innovator, or an entrepreneur in a specialised field, this MBA specialisation equips them with the knowledge and skills to succeed in the ever-changing business landscape. Below, we have listed some of the MBA Innovation and Entrepreneurship careers.

Business Development Managers: Business development managers focus on identifying new business opportunities, strategic partnerships, and markets for growth. Their work often involves emerging technologies or markets.

Corporate Managers: Corporate managers are responsible for overseeing various aspects of a company's operations, including planning, organising, and coordinating activities to achieve organisational goals. These professionals are essential for maintaining the success and growth of a corporation.

Product Managers: Product managers are responsible for the development, strategy, and life cycle of a product. They play a critical role in driving product innovation and success.

Management Consultants: Management consultants are professionals who offer expert advice to organisations to help improve their performance and efficiency. They assess business challenges, provide strategic recommendations, and assist in implementing solutions.

Brand Managers: Brand managers are responsible for developing and maintaining the brand image and identity of a product or company. They create marketing strategies, oversee advertising campaigns, and ensure the brand's message aligns with the target audience.

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Benefits of Studying an MBA in Innovation and Entrepreneurship

MBA Innovation and Entrepreneurship benefits individuals with the skills and knowledge to advance their careers in business and innovation within established companies. Many top companies across the globe are highly sought-after individuals with an MBA in Innovation and Entrepreneurship. Graduates can pursue careers in various fields, including technology, healthcare, sustainability, and social entrepreneurship.

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MBA Innovation and Entrepreneurship Salary

The salary after completing an MBA in Innovation and Entrepreneurship depends significantly on the candidates' level of experience, job role, employing company, and location. Candidates hired through campus placements at top management colleges in India tend to receive higher MBA Innovation and Entrepreneurship salaries, as these colleges attract many leading recruiters annually. Additionally, international companies often offer higher salaries compared to positions in India. In the table below, we have provided the average MBA Innovation and Entrepreneurship salary along with their corresponding job roles.