Masters in Entrepreneurship in the United States is a 12- to 24-month program with an annual tuition charge of roughly 22.30 lakhs. At the entry-level, the average salary following Masters in Entrepreneurship in the United States is 51,34,410 INR. However, as with any other job, Masters in Entrepreneurship in USA compensation grows with experience and can range between 31.10 lakhs  and 1.02  Cr.

International students who wish to pursue a Masters in Entrepreneurship at one of the top universities in the United States in 2022 must have completed 16 years of study. In addition, you must meet English language proficiency (TOEFL iBT) and have an average GPA of 3.0 on a 4.0 scale or 80 % or above.

Top Universities for Masters in Entrepreneurship in USA

Mentioned below are the top universities that provide Masters in Entrepreneurship in USA, along with their QS World University Rankings 2022:

S.No. Universities for Entrepreneurship in USA Buisness School Entrepreneurship course in USA QS World University Rankings 2022
1. Massachusetts Institute of Technology Sloan School of Management Sloan MBA #1
2. University of Chicago Chicago Booth School of Business Full-Time Booth MBA #10
3. University of Pennsylvania The Wharton School Wharton MBA #13
4. Columbia University Columbia Business School The Columbia MBA #19
5. Cornell University Johnson School of Management Two-Year Johnson MBA #21
6. Northwestern University Kellogg School Of Management One-Year Kellogg MBA #30
7. University of California, Los Angeles Anderson School of Management Anderson's MBA #40
8. New York University Stern School Of Business MS in Computing, Entrepreneurship and Innovation #42
9. Duke University The Fuqua School Of Business Accelerated Daytime Fuqua MBA #52
10. Carnegie Mellon University Tepper School of Business Tepper MBA #=53

Highlights

Duration 1 to 2 Years
Eligibility A bachelor's degree or its equivalent | GMAT or GRE score | SOP | Work Experience | LOR
Course Fee 22,35,450 INR to 44,70,900 INR
Jobs Types Business Consultant, Teacher, Mid-level Management, Sales, Research & Development, Audit, Banking, Finance, Business Reporter
Average Salaries 29.06 lakhs to 64.08 lakhs
Areas of Work Venture capital, Brand management, Experiential marketing, Consulting services

Admission Process for Masters in Entrepreneurship in USA

The most significant factor in gaining admission to a Masters in Entrepreneurship program is a desire to pursue a career in business and entrepreneurship. The final decision, however, is based on a thorough review of your application, exam scores, extracurricular activities, and work experience. Any experience in entrepreneurship and innovation is a plus.

  • Undergraduate Degree or Equivalent
  • Academic Transcripts
  • Statement of Purpose
  • Standardized exams scores
  • Work Experience Requirement
  • Resume
  • Letter of Recommendation
  • English Language Requirement
  • Interview

Also Check: 

LOR Samples SOP Samples Tips to Write a Resume 

Admission Requirements for Masters in Entrepreneurship in USA

The following are the basic requirements for a Masters in Entrepreneurship in the US from some of the best universities:

S.No. Universities for Entrepreneurship in USA Eligibility To Know more about admissions:
1. Massachusetts Institute of Technology GRE; CV; Personal statement, LOR Click here!
2. University of Chicago GRE; 3 Letter of Recommendation; SOP; Resume Click here!
3. University of Pennsylvania GRE; Resume; Personal Statement; 2 LOR Click here!
4. Columbia University GRE; 3 LOR; Personal Statement; CV Click here!
5. Cornell University GRE; 2 LOR; Statement of Purpose Click here!
6. Northwestern University GRE; 2-3 LOR; Personal Statement; CV Click here!
7. University of California, Los Angeles GRE; Resume; 2 LOR: Statement of Purpose Click here!
8. New York University GRE; 3 Letter of Recommendation; SOP Click here!
9. Duke University GRE; 3 Letter of Recommendation; SOP; Resume Click here!
10. Carnegie Mellon University GRE; Resume; Personal Statement; LOR Click here!

English Proficiency Requirement for International Students

International students must present proof of language proficiency as non-native English-speaking applicants in order to be admitted to US universities. The language requirements for a Masters in Entrepreneurship in the United States are as follows:

S.No. Universities for Entrepreneurship in USA TOEFL iBT score IELTS score
1. Massachusetts Institute of Technology 90 7.0
2. University of Chicago 104 7.0
3. University of Pennsylvania 100 7.0
4. Columbia University 100 7.0
5. Cornell University 100 7.0
6. Northwestern University 100 7.0
7. University of California, Los Angeles 87 7.0
8. New York University 100 7.5
9. Duke University 100 7.0
10. Carnegie Mellon University 102 7.5

Visa Requirements for International Students

All candidates who are not US citizens must get a valid visa to study in the USA. A student must have the following documents in order to receive a student visa in the United States.

  • Valid passport with a minimum validity period of six months
  • Application Fee for Form DS-160 (a receipt of payment)
  • Original Form I-20 Marks Sheet
  • TOEFL, IELTS, and other standardised test scores
  • Evidence of sufficient money to cover the program's whole tuition charge.
  • A return plane ticket with proof of intent to return to one's home country once the course has been finished.
  • In-person interview

Also Check: 

I 20 Form Guide for Indian Students USA Student Visa Guide for Indian Students
Cost of Studying for

The cost of pursuing a Masters in Entrepreneurship in the United States can be broadly classified as pre-arrival expenses, tuition fees, cost of living, and so on. The following are the estimates for each section:

Pre-arrival Expenses

Even before you leave your home country and arrive in the United States, you will start spending money. These costs include application fees, exams required to study in USA, visa application fees, flights, and other expenses.

Expense Types Cost (in INR)
Program Application Fees 7,456- 14,913
Visa fees 11,931
Airfare 30,000- 65,000
TOEFL Fees 11,931- 18,644
IELTS Fees 13,796- 14,169
GRE Fees 17,154- 18,644
Health Insurance 37,217- 74,434

Tuition Fees

S.No. Universities for Entrepreneurship in USA Average Annual Tuition Fee(in INR)
1. Massachusetts Institute of Technology 38.30 lakhs
2. University of Chicago 44.05 lakhs
3. University of Pennsylvania 32.61 lakhs
4. Columbia University 28.76 lakhs
5. Cornell University 44.82 lakhs
6. Northwestern University 41.84 lakhs
7. University of California, Los Angeles 31.78 lakhs
8. New York University 23.10 lakhs
9. Duke University 46.02 lakhs
10. Carnegie Mellon University 34.20 lakhs

Cost of Living in USA

An international student's estimated average cost of living in the United States is around 11,16,060 INR. The following is an average of monthly expenses incurred while living in USA:

Categories Cost Per Month (in INR)
Rent of Apartment 0.74 lakhs- 1.48 lakhs
Meals 0.08 lakhs- 0.11 lakhs
Transportation 0.07 lakhs- 0.22 lakhs
Personal Expenses 0.22 lakhs- 0.29 lakhs
Health Insurance 0.33 lakhs- 0.52 lakhs

Scope after Masters in Entrepreneurship in USA

Some graduates may decide to start their own business right after graduation, but others may choose to gain industry experience before entering the lounge. The typical pay would be heavily influenced by a number of factors, including region, industry, and the type of work held. The average salary in the United States after completing a Masters in Entrepreneurship is 51,34,410 INR.

Mentioned below are average salary of Masters in Entrepreneurship graduates in USA:

Job Title Average Annual Salary (in INR)
Business Development Manager 56.61 lakhs
Executive Assistant 31.10 lakhs
Information Technology (IT) Consultant 61.91 lakhs
Product Marketing Manager 50.85 lakhs
Associate Product Manager 65.61 lakhs
Sr. Program Manager, Software Applications 1.02 Cr.
Senior Product Manager 90.65 lakhs

Masters in Entrepreneurship course in USA is aimed to teach students how to use a variety of tactics and abilities to advance in the profession. The United States boasts some of the best business management schools in the world, providing students with high-quality, dependable education that helps them improve and expand their entrepreneurial skills.