Alright Ladies and Gentlemen,
Here's a drunken business school question for all of you! A couple of us were having a brew the other night celebrating the close of our first week of MBAI, and yes we all agree, it is indeed I -- for Intense. I guess I should clarify; the question is not drunk, and neither were we actually, but it made for a catchy title.
My question is: If I decide to focus in Entrepreneurship during my MBAI, am I obligated to start my own business?
We were discussing the potential overlap in my Business Management undergraduate degree. If I decide NOT to start my own business, am I sacrificing knowledge that I could have gained in a different area, ex. International Business?
Are any of you feeling the same way as I am with this, maybe with a different field?
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The Entrepreneurship program is specifically built for someone who wants to become, or at least learn more about becoming, a successful entrepreneur. I personally look at the program as an opportunity to launch a new business idea or expand on the knowledge one already has in this exciting field.
From the bits of information I have gathered, you will be required as part of this emphasis, to write a business plan for an actual business idea that you have. With that being said, I would believe several businesses will be hatched during the next year....and I hope that mine is one of them! I do know that there are some additional requirements regarding registration to the IBPC.
I too have many more questions in regards to this program. I would welcome the opportunity to meet with anyone else who is interested in entrepreneurship so we can share some ideas. We could also use this time to get our questions answered, or at least looked into.
I feel that your emphasis in entrepreneurship does not mean that you must open your own business. I guess I view it differently from the standpoint that you are gaining knowledge that can be applied to an array of topics that include but are not limited to starting a company.
Obviously, with entrepreneurship as your focus you should have what it takes to become an entrepreneur but that is not all that you can accomplish. I read somewhere that something like less than twenty percent of people end up in the field they studied in college. Ok, so we are part of a smaller group of MBA students and not college students in general, but our futures are not dependent upon what we study. I want my MBA to prove to people that I have what it takes to succeed and separate myself from the pack. I hope that this MBA will prove that no matter what emphasis I choose.
I actually feel the same way. I am interested in the entrepreneurship program but so far i have no plan to launch a new business at this time. It does seems like a very interesting and exciting program to join though. However, coming from public accounting background, I think it would best for me to take finance as my emphasis.
I had a discussion with Grace Tan, Admission Director, regarding taking a dual concentrations. She said we would have 32 credits to complete for fall 08 and spring 09. And each concentration requires you to take 4-5 electives and each elective class is 3-4 units classes. So we will have the opportunity to take 2 concentrations since we have 32 units to play around with.
Hope that helps!
I bumped into Mitchell the other day and asked him the same question who had. USF has a great entrepreneurship program and if you are really interested you should consider it as your emphasis.However, he said that he has not come accross a job that is looking specifically for entreprenuership major. From my conversation with him, I feel that if your goal after you graduate is to work with other people, then I don't think entrepreneurship is the best emphasis to find a job, although you still have the advantage of having an MBA degree.
I guess my advice would be doing two emphasis or if you really really really think that there is a slight chance that you will open up your own business, then you should take it.
Usually entrepreneurs have a large variety of business skills, yet mainly do not have one specific business department expertise, such as in auditing, accounting, cost accounting, investing & reporting, analysis, or strategic planning. I think if one chooses entrepreneurship, then this person should be aware that their skills will quickly become refined after the entrepreneurial business opens. This means an entrepreneur must learn every business department in a very fast amount of time.
But, I don’t believe you would be sacrificing knowledge if you go into a company that wants you to learn all the different departments of a company in an equally quick amount of time. So most likely a company in entrepreneurship, but not specifically your own entrepreneurial business, would seem to be an option that does not sacrifice your education. This seems like an exception, because I do believe we should have a specific emphasis in mind so that we could maximize our preferred elective course content and save a little bit of time and money. I feel I have chosen an emphasis based upon the career I’m interested in, and we should ultimately choose the emphasis that is the most fulfilling and makes us happiest.
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