What is Entrepreneurship
The course on Entrepreneurship teaches the students what an enterprise is and what entrepreneurship means. It makes them aware of what an entrepreneur does and are made aware of the innovations and technologies which are developed to help with the entrepreneurial process.
The businesses can be of any kind of scale, from small business ventures into lifestyle businesses to growth-oriented businesses to profits even non-profits oriented companies. The students will be involved in thinking and in innovating new ideas and strategies while learning how to manage and fight uncertainty and risks involved.
Eligibility Criteria (UG & PG) of Entrepreneurship
The students are required to fulfil the eligibility criteria of colleges before securing admission. If the students fail to fulfil those criteria then they would lose their seat in the college. An eligibility criteria is set up to shortlist students who thee colleges deem to be right for their environment and institution.
The eligibility criteria for Entrepreneurship course are –
The students should have completed their 10+2 class from a recognized board with a science stream.
If the students have commerce as their main subject, it would also be allowed for admission.
- At the 10+2 level, the students should have secured 50% marks, a 5% allowance for the SC/ST category students.
Entrepreneurship Entrance Exams
The institutes give admission to students based on their scores in the entrance test. The universities may conduct their admission tests or an all India based entrance exam would be conducted. Some of the entrance exams for entrepreneurship course have been mentioned below –
DSAT (Dayananda Sagar Admission Test)- It is a university-level admission examination. It offers admission to the UG and PG programs in the college. It is conducted in both offline and online mode. The paper would consist of objective-based multiple-choice questions in English only.
SUAT (Sharda University Admission Test)- It is a university level exam conducted to grant admission to the UG and PG courses. The exam is conducted offline. It has objective based multiple-choice questions.
KIITEE (Kalinga Institute of Industrial Technology Entrance Examination)- It is a National Level Entrance Examination. It will be conducted online for 5 days. The duration is 3 hours with multiple-choice questions based on Quantitative Aptitude, Analytical Reasoning, English, General Knowledge and social concerns.
CMRUAT (CMR University Admission Test) - It is a university level examination. It offers admission to UG and PG courses. It is conducted online in English only. It will have multiple-choice questions and no negative marking.
ITM NEST (ITM National Entrance and Scholarship Test)- It is a university-level exam conducted to grant admission to various UG and PG programs. It is conducted in offline and online mode for 1.5 hours. The paper consists of 100 objective type questions in English only.
Scope of Entrepreneurship in India and Abroad
The field of entrepreneurship has a lot of scope. After graduating in this course, the students can think of starting up their business. The scope of Entrepreneurship is not only tremendous in India but also in Abroad. Looking at our young generation, they are more focused on setting up their business than working under someone. These new young minds have given a great rise to the new start-ups we see now. They learn new skills and techniques about how to run a business. Before starting their own business, they can even work in a company and gain experience about how a company runs, its financial sources, its different departments and much more.
Course Fees Entrepreneurship
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Different subjects taught to the students to make them skilled in every aspect of the course. These subjects teach them how to deal with problems and make them knowledgeable about everything. Some of the subjects taught to students in Entrepreneurship course are –
Basic mathematics & Statistical Techniques
Computers in Management
Introduction to Family Business Management
Polity & Society
Quantitative Techniques for Management
Financial Services & Institutional Supports
Analysis & Design Of Business System
Research Methodology & Research Preparation
Human Resource Management
Business Policy & Strategic Management
Industrial Relations & Compensation Management
Careers in Entrepreneurship
Entrepreneurship field offers plenty of career options to the students. This degree would give the students the foundation for their business, which would require its management, financial support and business operations. For the Indian students, Entrepreneurship course is the most favourite course as they have a very creative and innovative mind.
Entrepreneurship course makes the students independent of their parents and gives job satisfaction as the students would have achieved their success on their own. You can start your own business which would require a lot of support. If not as an entrepreneur, you can start working as a business consultant in government or private companies.
A lot of trends are coming up in the field of entrepreneurship. Entrepreneurs are working to start with these new trends, which will give them more profits and lessen their losses.
Nomadism – Digital nomadism is what entrepreneurs are looking for now. This helps the entrepreneurs to connect with people over digital devices which in turn reduces their overhead costs or location finding and has flexibility in managing stuff.
Globalized Business – The entrepreneurs after expanding their business plan to expand in the global markets which increases their share prices and company name.
Mobile Commerce – Since customers today are willing to buy online, entrepreneurs now try to make their products and services available online.
Job Profiles and Top Recruiters
After graduation, students can find opportunities in various job sectors and start working there. Some of the job profiles for Entrepreneurship Graduates are mentioned below –
A Sales Representative sells company products and satisfies the customers by fulfilling their needs. They focus sales on dealers after studying their existing and volume of distribution. When orders are received they complete them by looking at the price list and the product literature.
They inform the management of all the reports and activities carried out in the company.
They study the market by seeing the new products, pricing strategies of companies, delivery schedules and a lot more. They can also give suggestions for changing the product or the services offered by them.
Small Business Owners
Small business owners start their own business on a small scale. They have to describe the products and services offered by them, promote their products and services, how to promote them, their sales and budget limits.
They hire employees who are highly skilled and can handle the challenges arising in front of them. They look at the expenditure and the profit and loss statements to gather the losses incurred. They also make sure that the customers are satisfied after buying their products.
A Business Consultant has to collaborate with the executive management and make strategies which will improve the current business processes.
The applications created by the Business Consultant are tested and reports are made on these tests to study their effectiveness.
They make sure that two departments work hand-in-hand to satisfy the customers in the end and also make strategies to improve customer satisfaction.
They also establish and maintain relations with the customers and keep them informed about the new developments in the business.
A Business Reporter collects all the relevant information and then verifies and analyses it to make it newsworthy. All the information generated should be compiled to make a stable story to be showcased on televisions.
They contact other business reporters for information and have all the up-to-date information and make elaborative long stories on companies.
A Sales Manager has to employ employers by recruiting, hiring and training them for fitting in the job role offered.
They make sure the goals are being met on time, compare the performances of the employees towards this goal and even adjust them whenever required.
The team is given an accurate sales forecast by the sales manager.
They act as coaches, mentors and also give feedback to employees whenever required.
They develop competition but also ensure that there is collaborative teamwork.
Top Recruiters of Entrepreneurship Course Graduates
Entrepreneurs are working for themselves by having their start-up plans, but at the same time, they want to also work for getting knowledge of how a business starts and takes a flight. So working in companies in the start makes a lot of sense for these entrepreneurship graduates. Some of the top companies which would like to recruit entrepreneurship graduates are –
Salaries are like compensations given by the company. It would reflect how much knowledge you have and what skills you can showcase in your job. You have to be very skilled and professional to increase your pay scale. The average salary for the job profiles after completing Entrepreneurship course mentioned above are written here -
Rs. 3-4 lakhs p.a. (approx.)
Rs. 9-10 lakhs p.a. (approx.)
Rs. 8-9 lakhs p.a. (approx.)
Rs. 3-4 lakhs p.a. (approx.)
Small Business Owners
Rs. 4-5 lakhs p.a. (approx.)
Required Skillset for Entrepreneurship
Each entrepreneur requires a perfect combo of skills to persuade its sponsors to invest in their business. They have attracted people to work under him as well as his customers to generate customer loyalty for his products. He has to be very efficient and effective in whatever decision he takes.
Problem-solving skills – The entrepreneurs should know the answers to the questions raised in front of them. They should have proper solutions to all their questions.
Creativity – An entrepreneur until has a creative mind wouldn’t come up with innovative solutions to the problems raised in front of them. Creatively solve problems keeping in mind the cost and budget.
Risk-taking ability – All that an entrepreneur requires is taking risks in his business. Risk is the only way he’ll come to know if his business will get successful or will it fail.
Self-confidence – Speaking in front of hundreds of people requires an immense amount of confidence.
Good communication skills – The entrepreneurs should know the etiquettes of behaving with clients and sponsors. Communicate well and clearly, no beating around the bush with work.
Course Curriculum for Entrepreneurship
Entrepreneurship course teaches the students the current economic, social and political culture. They understand how to create space for small business ventures.
They make students think creatively and test their creative skills. Changing their view on the current situations, making them realise how creative they are and promoting innovation in themselves. They also learn about the challenges and opportunities they get with starting small business ventures. Learning about the overview of the entire Entrepreneurship course, its foundation. They learn how to acquire funding from business ventures and how to win the trust of these people as well as the consumers on their products.
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Frequently Asked Questions (FAQs)
Question: Which are some of the books the students can refer to for an Entrepreneurship course?
The 4-Hour Workweek by Timothy Ferriss
The Fire Starter Sessions by Danielle LaPorte
The $100 Startup by Chris Guillebeau
Finding Your Way in a Wild New World by Martha Beck
The Lean Startup by Eric Ries
Entrepreneur: A Beginners Guide to Entrepreneurship by Brad Jones
Think like an Entrepreneur, Act Like a CEO by Beverly E. Jones
The FINTECH Books by Susanne Chishti and Janos Barberis
The Business Book (Big Ideas) by DK
Question: Which are the institutes/universities offering entrepreneurship program?
The top universities/institutes offering Entrepreneurship course are –
Manav Rachna University, Faridabad
Sharda University, Greater Noida
Hult International Business School, Mumbai
Flame University, Pune
All India Institute of Technology and Management, Chennai
Amity University, Noida
Tapindu Institute of Higher Studies, Patna
Centre for Management Studies, Jain University, Bangalore
IMS Unison University, Dehradun
GD Goenka University, Gurgaon
International Institute for Learning in Management Business School, New Delhi
ICFAI University, Dehradun
JB Institute of Technology, Dehradun
Atal Bihari Vajpayee Hindi Vishwavidyalaya, Bhopal
Question: Which are top areas where the students can find recruitment?
The top recruiting areas for the students can be any of the following –
Media and others.
Question: What would the students be offered as a starting salary?
As per the starting salary, students can either start their own business or start working under someone with an average salary of Rs. 3 to 20 lakhs p.a. (approx.).
Question: What is the course fee of the colleges?
The average course fees of entrepreneurship is Rs. 5000 to Rs. 5 lakhs differing from college to college.
Questions related to Entrepreneurship
If I study humanities and take entrepreneurship in class 12, then in future can I have a career as entrepreneur?
You can definitely be an entrepreneur after taking humanities and entrepreneurship as subject in your class 12 th. Even career in entrepreneurship does not depend on your subject, it totally depends on how well you react to problems and how innovative and creative you are. The best quality you require to be a successful entrepreneur is always ready to face challenges and never loose hope.
Hope it helps you
PG diploma in entrepreneurship design innovation
Hope you are doing good.
Postgraduate Diploma in Enterpreneurship Innovation and Design Thinking .It is a PG diploma course of 1 year duration.This degree course helps the aspirants to acquire the required skills, framework and Strategies in Design ,Innovation and Creative as leading Entrepreneur.After completing this PG diploma course who will become a best enterpreneur with all necessary qualities.
Total Fees for this course will be in range of INR 40,600
Candidates must hold a bachelors degree from an recognized University with minimum 55 percentage of marks.
Career Opportunities :
2.Design Thinking Managers
3.Design Thinking Leaders
4.Design Thinking Consultants
I Hope this information will be useful to you.
Best of luck.
Aerospace engineering vs AI engineering which is best for entrepreneurship?
Both those fields are pretty different as far as their curriculum and career prospects are concerned. AI engineering is a relatively new field whereas aeronautical engineering has a solid record and history of being a good branch.
Both of them are niche fields of study, which means that they are suitable for a particular type of job only but I think that AI engineering will take off in the coming years as more and more research is being done in that area. Speaking of research, both fields are solid in terms of research opportunities too.
Aeronautical engineering may have limited job prospects but they are highly paid and require a certain level of skill. AI engineering has not got many direct job opportunities so most AI engineering graduates may end up doing what the IT graduates are doing, if you want jobs and a respectable field then aeronautical is good, if you want to go with the times and contribute in research then AI is great.
Hope this helps.
Government college for entrepreneurship
Hello there ,
Here is the name of some Govt. colleges for entrepreneurship given below:
- UBS Chandigarh - University Business School Panjab University
- NSUT Delhi - Netaji Subhas University of Technology
- International Institute of Professional Studies, Devi Ahilya University, Indore
- Graduate School of Management Studies, Gujarat Technological University, Ahmedabad
- MJPRU Bareilly - Mahatma Jyotiba Phule Rohilkhand University
- Bharathiar University, Coimbatore and some more
To know more about these colleges , refer to this link:
Hope this helps !
I have been selected for Ph.D. Program in Economics and Public Policy, at School of Management and Entrepreneurship, Shiv Nadar University. Requesting you to provide me with an opinion as to whether I should join this university or not. Being NET Qualified People have been recommending against it.
Firstly, congratulations for getting selected for the Ph.D program. The School of Management & Entrepreneurship, Shiv Nadar University is a reputed institute with knowledgeable & experienced faculty members & you can expect to have a rich experience in your field of education & research.
So, joining the University wouldn't be a bad option but this is your call to take so take your time to think over it & weigh in all the options you have in hand. If there's any other better opportunity in front of you, then go for it or if you feel this is the opportunity you want to grab then it's fine as long as you perform well.
Hope this helps.