Bachelor's Degree in Applied Entrepreneurship

Entrepreneurship is the driving force behind innovation and economic growth. A bachelor's degree in applied entrepreneurship offers students the opportunity to learn how to create, manage, and grow new business ventures.

This page provides an overview of what an applied entrepreneurship degree is along with career opportunities you have once you graduate. Whether you aim to launch your own startup or manage a small business, this guide will help you understand the educational path to becoming a successful entrepreneur.

What Is a Bachelor's Degree in Applied Entrepreneurship?

A bachelor's degree in applied entrepreneurship focuses on the practical aspects of starting and running a business. Unlike traditional business degrees that cover a wide range of business functions, this program emphasizes hands-on learning and real-world applications.

Since it is an applied degree, students who enroll already have business-related college credits they've earned. This degree is best for students who want to switch to entrepreneurship from another business program but don't want to add more time to earning their degree.

The program teaches students how to identify business opportunities, develop business plans, secure funding, and manage all aspects of a business, from marketing and sales to operations and finance. The curriculum often includes case studies, simulations, and projects that allow students to apply theoretical knowledge to real-world scenarios.

This degree is ideal for those who want to start their own business or work in entrepreneurial roles within established companies.

Applied Entrepreneurship Degree Core Curriculum

This degree expects students to have already completed general education courses and some business courses. Therefore, the core curriculum includes a blend of business fundamentals and entrepreneurial-specific courses.

• Introduction to marketing
• Public relations and networking skills
• Financial decision-making
• Organizational behavior and management
• Entrepreneurship and innovation
• Business execution
• Project management
• New venture financing
• Applied business project

Where Can I Earn a Bachelor's in Applied Entrepreneurship?

The Bachelor of Science in applied entrepreneurship is only offered at Grand Canyon University (GCU). This program is part of the Colangelo College of Business and focuses on providing a comprehensive foundation in business practices while emphasizing entrepreneurial skills.

To develop entrepreneurship skills, students can create a business and present it to potential investors. They can also further develop their business idea by participating in the Canyon Challenge, the college's version of Shark Tank, or being members of the IDEA Club.

Similar Degree Programs

You can earn an entrepreneurship degree from a wide variety of universities, both online and on campus. These institutions provide diverse opportunities, blending academic learning with practical experience in entrepreneurship, and are well-regarded for their programs in this field.

Babson College

Babson is renowned for its entrepreneurship programs and is consistently ranked as one of the best in the world for aspiring entrepreneurs. The curriculum is heavily focused on practical business creation and management.

University of Southern California

Located in Los Angeles, USC offers a Bachelor of Science in business administration with a concentration in entrepreneurship, emphasizing innovation, business strategy, and practical experience.

Indiana University

Indiana University's Kelley School of Business offers a Bachelor of Science in business in entrepreneurship and corporate innovation, blending traditional business courses with entrepreneurial strategy and venture development.

University of Michigan

The Ross School of Business at the University of Michigan provides an entrepreneurship concentration, offering access to extensive resources, including startup incubators and accelerators.

University of Texas at Austin

UT Austin's McCombs School of Business offers a Bachelor of Science in business administration in entrepreneurship and innovation, with access to Austin's vibrant startup scene, providing practical experience alongside academic learning.

Arizona State University

ASU offers a Bachelor of Science in business entrepreneurship through its W. P. Carey School of Business, known for its strong emphasis on innovation and new venture creation, available both online and on campus.

How Long Does It Take To Get a Degree in Applied Entrepreneurship?

The time it takes to earn the applied entrepreneurship degree will depend on how many credits you transfer into the degree. GCU has a great transfer policy, allowing you to transfer up to 90 credits (only 84 can be lower division). Most students take around 15 credits a semester, so you can figure out how much longer you'll need to be in school.

Career Opportunities for an Applied Entrepreneurship Major

Most people who graduate with this degree decide to start their own business. But because of your business knowledge, you can also enter the following careers:

• recruiter
• marketer
• sales development representative
• financial analyst
• sales manager
• financial adviser
• business consultant

Is an Entrepreneurship Degree the Same as a Business Degree?

Entrepreneurship and business degrees are similar in some respects but different in focus and coursework. While both degrees cover fundamental business principles, an entrepreneurship degree has a stronger focus on starting and managing new ventures, whereas a business degree provides a broader overview of business operations.

A traditional business degree, such as a Bachelor of Business Administration (BBA), provides a broad understanding of various business functions, including management, finance, marketing, accounting, and operations.

The curriculum covers a wide range of topics that prepare students for various roles in corporate, non-profit, and governmental organizations. Business degrees often emphasize a well-rounded education in all aspects of running and understanding a business.

An entrepreneurship degree, on the other hand, is more specialized and focuses on the skills and knowledge needed to start, manage, and grow new businesses.

The curriculum typically includes courses on business planning, innovation, venture creation, and entrepreneurial finance. It emphasizes practical, hands-on learning experiences, such as working on real business projects or participating in startup incubators.

While entrepreneurship programs also cover essential business concepts, they are geared more toward individuals looking to start their own businesses or work in entrepreneurial environments.

Is Entrepreneurship a Useful Major?

Yes, entrepreneurship can be a highly useful major, especially for those interested in starting their own businesses. Here are several reasons why earning this degree is beneficial for your future.

Skill Development

An entrepreneurship major helps students develop a wide range of skills, including critical thinking, problem-solving, creativity, and leadership. These skills are not only valuable for starting a business but also highly sought after in various industries.

Practical Experience

Many entrepreneurship programs offer hands-on learning opportunities, such as internships, business plan competitions, and projects that simulate real-world business challenges. This practical experience is invaluable for understanding the complexities of running a business.

Versatility

The skills and knowledge gained in an entrepreneurship program are applicable in many settings, including starting a business, working in startups, corporate innovation roles, consulting, and more.

Innovation and Creativity

Entrepreneurship programs often emphasize innovation and creative problem-solving, which are essential for developing new products, services, and business models. This focus can be particularly valuable in today's rapidly changing business landscape.

Networking Opportunities

Students in entrepreneurship programs often have access to a network of entrepreneurs, mentors, investors, and industry professionals. These connections can be instrumental in launching a business or advancing in a career.

Financial Aid Options for Applied Entrepreneurship Majors

There are several financial aid options available to students pursuing a degree in applied entrepreneurship. In order to access most of these options, you need to fill out the Free Application for Federal Student Aid online form. This form, created by the federal government, will determine your financial aid eligibility.

It's crucial for you to explore all available financial aid options early in the application process. Additionally, meeting with a financial aid advisor can provide valuable guidance on managing educational expenses and making informed financial decisions.

Scholarships and Grants

Scholarships are one of the most common forms of aid and are often awarded based on academic merit, financial need, or specific talents. Many universities, private organizations, and professional associations offer scholarships specifically for entrepreneurship students.

Also, grants, like scholarships, do not need to be repaid. These can come from federal and state governments, educational institutions, and private organizations. The federal government offers the Pell Grant and Federal Supplemental Educational Opportunity Grant (FSEOG) for eligible students.

Applying for multiple scholarships and grants can increase your chances of receiving funding.

Student Loans

In addition to scholarships and grants, you can apply for federal student loans which have low-interest rates and flexible repayment options. Before using a loan, be sure to understand the terms, as they will need to be repaid after graduation.

Work-Study Programs

Work-study programs provide another form of financial assistance, allowing students to earn money while gaining work experience. These programs are often available on campus or through partnerships with local businesses.

Military Benefits

For students who are active-duty military, veterans, or dependents, there are specific benefits such as the GI Bill, which can cover tuition and other educational expenses. Many schools also offer additional support and resources for military-affiliated students.

FAQs About Earning a Bachelor's Degree in Applied Entrepreneurship

Review the commonly asked questions below about earning your bachelor's degree in applied entrepreneurship.

Is a Bachelor's Degree in Applied Entrepreneurship Worth It?

Yes, a bachelor's degree in applied entrepreneurship can be worth it for those passionate about starting their own business or pursuing entrepreneurial roles within existing companies. If you've started a business degree and now realize that you want to become an entrepreneur, this degree is perfect for you.

Is an Applied Entrepreneurship Major Hard?

The difficulty of an applied entrepreneurship major varies depending on a student's strengths and interests. The program involves a mix of creativity, strategic thinking, and business acumen, making it challenging yet rewarding for those passionate about entrepreneurship.

How Much Does an Applied Entrepreneurship Degree Cost?

GCU charges different tuition rates according to the program being online or in person. For online programs, tuition is $485 per credit with most courses being four credit hours. According to how many credits you transfer, tuition will be at least $14,550.

If you earn the degree on campus, tuition is $8,250 per semester. You'll need to enroll in enough credits to be a full-time student for this to be worthwhile.

What Can I Do With an Applied Entrepreneurship Degree?

With an applied entrepreneurship degree, graduates can start their own businesses, work in entrepreneurial roles within established companies, or pursue careers as business consultants. Review the other careers we listed above.