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Entrepreneurial Studies Major

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Entrepreneurial Studies

3,405 Bachelor's Degrees Annually
884 Master's Degrees Annually
#98 in Popularity
$115,590 Median Salary

Types of Degrees Entrepreneurial Studies Majors Are Getting

The following table lists how many entrepreneurial studies graduations there were in 2017-2018 for each degree level.

Education Level Number of Grads
Bachelor’s Degree 3,406
Basic Certificate 2,801
Master’s Degree 884
Associate’s Degree 748
Undergraduate Certificate 406
Graduate Certificate 255
Doctor’s Degree 22

What Entrepreneurial Studies Majors Need to Know

People with careers related to entrepreneurship were asked what knowledge areas, skills, and abilities were important for their jobs. They weighted these areas on a scale of 1 to 5 with 5 being the highest.

Knowledge Areas for Entrepreneurship Majors

Entrepreneurship majors often go into careers in which the following knowledge areas are important:

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  • English Language - Knowledge of the structure and content of the English language including the meaning and spelling of words, rules of composition, and grammar.
  • Administration and Management - Knowledge of business and management principles involved in strategic planning, resource allocation, human resources modeling, leadership technique, production methods, and coordination of people and resources.
  • Customer and Personal Service - Knowledge of principles and processes for providing customer and personal services. This includes customer needs assessment, meeting quality standards for services, and evaluation of customer satisfaction.
  • Law and Government - Knowledge of laws, legal codes, court procedures, precedents, government regulations, executive orders, agency rules, and the democratic political process.
  • Mathematics - Knowledge of arithmetic, algebra, geometry, calculus, statistics, and their applications.

Skills for Entrepreneurship Majors

When studying entrepreneurship, you’ll learn many skills that will help you be successful in a wide range of jobs - even those that do not require a degree in the field. The following is a list of some of the most common skills needed for careers associated with this major:

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  • Speaking - Talking to others to convey information effectively.
  • Critical Thinking - Using logic and reasoning to identify the strengths and weaknesses of alternative solutions, conclusions or approaches to problems.
  • Reading Comprehension - Understanding written sentences and paragraphs in work related documents.
  • Active Listening - Giving full attention to what other people are saying, taking time to understand the points being made, asking questions as appropriate, and not interrupting at inappropriate times.
  • Monitoring - Monitoring/Assessing performance of yourself, other individuals, or organizations to make improvements or take corrective action.

Abilities for Entrepreneurship Majors

As a entrepreneurship major, you will find yourself needing the following abilities:

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  • Oral Expression - The ability to communicate information and ideas in speaking so others will understand.
  • Oral Comprehension - The ability to listen to and understand information and ideas presented through spoken words and sentences.
  • Written Comprehension - The ability to read and understand information and ideas presented in writing.
  • Written Expression - The ability to communicate information and ideas in writing so others will understand.
  • Deductive Reasoning - The ability to apply general rules to specific problems to produce answers that make sense.

What Can You Do With a Entrepreneurial Studies Major?

People with a entrepreneurship degree often go into the following careers:

Job Title Job Growth Rate Median Salary
Business Professors 18.0% $83,960
Compliance Managers 8.0% $107,480
General and Operations Managers 9.1% $100,930
Investment Fund Managers 8.0% $107,480
Loss Prevention Managers 8.0% $107,480
Regulatory Affairs Managers 8.0% $107,480
Security Managers 8.0% $107,480
Supply Chain Managers 8.0% $107,480
Wind Energy Operations Managers 8.0% $107,480

Who Is Getting a Bachelor’s Degree in Entrepreneurial Studies?

3,406 Bachelor's Degrees Annually
38% Percent Women
27% Percent Racial-Ethnic Minorities
This is a less frequently chosen undergraduate major. Only 3,405 students graduated with a bachelor’s degree in entrepreneurial studies in 2018, making it rank #98 in popularity. This major tends to be male dominated. About 62% of recent graduates are men.

Racial-Ethnic Diversity

At the countrywide level, the racial-ethnic distribution of entrepreneurship majors is as follows:

Racial-Ethnic Diversity of Entrepreneurship Students with Bachelor's Degrees
Race/Ethnicity Number of Grads
Asian 108
Black or African American 214
Hispanic or Latino 466
White 2,093
International Students 293
Other Races/Ethnicities 232

Geographic Diversity

Students from other countries are interested in Entrepreneurship, too. About 8.6% of those with this major are international students. The most popular countries for students from outside the country are:

  • China
  • India
  • Indonesia
  • Saudi Arabia
  • Canada

How Much Do Entrepreneurial Studies Majors Make?

Bachelor’s Degree Starting Salary

The median early-career salary of entrepreneurial studies students with a bachelor’s degree is $35,900 a year according to 2017-2018 data from the U.S. Department of Education. During this timeframe, most salaries fell between $32,300 (25th percentile) and $42,800 (75th percentile).

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It’s important to note that just because the people reporting these salaries have a degree in entrepreneurship, it does not mean that they are working in a job related to their degree.

Salaries According to BLS

Average salaries range from $103,330 to $123,880 (25th to 75th percentile) for careers related to entrepreneurship. This range includes all degree levels, so the salary for a person with just a bachelor’s degree may be a little less and the one for a person with an advanced degree may be a little more.

To put that into context, according to BLS data from the first quarter of 2020, the typical high school graduate makes between $30,000 and $57,900 a year (25th through 75th percentile). The average person with a bachelor’s degree (any field) makes between $45,600 and $99,000. Advanced degree holders make the most with salaries between $55,600 and $125,400.

Median Salary for an Entrepreneurial Studies Major  ( 103330 to 123880 )
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250K
Median Salary for a High School Graduate  ( 30000 to 57900 )
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Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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Some degrees associated with entrepreneurship may require an advanced degree, while others may not even require a bachelor’s in the field. In general, the more advanced your degree the more career options will open up to you. However, there is significant time and money that needs to be invested into your education so weigh the pros and cons.

How much schooling do you really need to compete in today’s job market? People currently working in careers related to entrepreneurship have obtained the following education levels.

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Education Level Percentage of Workers
High School Diploma - or the equivalent (for example, GED) 4.4%
Post-Secondary Certificate - awarded for training completed after high school (for example, in agriculture or natural resources, computer services, personal or culinary services, engineering technologies, healthcare, construction trades, mechanic and repair technologies, or precision production) 3.9%
Some College Courses 5.2%
Associate’s Degree (or other 2-year degree) 5.7%
Bachelor’s Degree 42.3%
Post-Baccalaureate Certificate - awarded for completion of an organized program of study; designed for people who have completed a Baccalaureate degree but do not meet the requirements of academic degrees carrying the title of Master. 6.8%
Master’s Degree 18.7%
Post-Master’s Certificate - awarded for completion of an organized program of study; designed for people who have completed a Master’s degree but do not meet the requirements of academic degrees at the doctoral level. 3.2%
First Professional Degree - awarded for completion of a program that: requires at least 2 years of college work before entrance into the program, includes a total of at least 6 academic years of work to complete, and provides all remaining academic requirements to begin practice in a profession. 0.9%
Doctoral Degree 9.4%

Online Entrepreneurial Studies Programs

In 2017-2018, 798 schools offered a entrepreneurship program of some type. The following table lists the number of programs by degree level, along with how many schools offered online courses in the field.

Degree Level Colleges Offering Programs Colleges Offering Online Classes
Certificate (Less Than 1 Year) 347 84
Certificate (1-2 years) 167 32
Certificate (2-4 Years) 3 0
Associate’s Degree 208 38
Bachelor’s Degree 41 10
Post-Baccalaureate 347 84
Master’s Degree 72 18
Post-Master’s 14 0
Doctor’s Degree (Research) 5 1
Doctor’s Degree (Professional Practice) 1 0
Doctor’s Degree (Other) 0 0

Is a Degree in Entrepreneurial Studies Worth It?

The median salary for a entrepreneurship grad is $115,590 per year. This is based on the weighted average of the most common careers associated with the major.

This is 190% more than the average salary for an individual holding a high school degree. This adds up to a gain of about $1,513,800 after 20 years!

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You may also be interested in one of the following majors related to entrepreneurship.

Major Number of Grads
Business Administration & Management 399,810
Accounting 107,851
General Business/Commerce 58,413
Finance & Financial Management 56,960
Marketing 49,179
Human Resource Management 26,853
Hospitality Management 20,194
Business Support & Assistant Services 19,248
Management Sciences & Quantitative Methods 18,282
Management Information Systems 14,578
International Business 10,536
Business/Managerial Economics 6,727
Specialized Sales, Merchandising & Marketing 6,711
Other Business, Management & Marketing 5,750
General Sales & Marketing 5,673
Real Estate 5,183
Construction Management 3,375
Insurance 2,316
Taxation 1,888
Business/Corporate Communications 1,088
Telecommunications Management 48

References

More about our data sources and methodologies.

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