Best Jobs you can get after an Entrepreneurship Degree
What jobs can you get with an entrepreneurship degree? Before getting into the depth of the entrepreneur jobs list after an entrepreneurship degree, let's focus on Entrepreneurship. An entrepreneur is an individual who is willing to work hard and go against the grain to pursue his dream of innovative business ideas and solutions.
His venture can be either social or economic. But why are we discussing a Job, when we have an interest in being our own boss? There are multiple factors that can influence your decision to be an entrepreneur and settle for a job in the short run. It can be a family issue, lack of ideas, financial crisis, and more.
i. Lack of A Good Business Idea
Once you have completed your degree in entrepreneurship, you start looking for a good business idea that can be implemented. But most of you must be in a phase where you are still evaluating the idea and whether it can or not be implemented in the real world.
I would advise you to take your time and till then look for entrepreneurship degree jobs, that will let you be in touch with the entrepreneurial spirit and at the same time, look out for a good business idea and the ideal implementation plan for success.
ii. Lack of Capital
Once you have a good business idea, you should look for some capital to test the idea and make sure it works out. Often many entrepreneurs seek a job, to gain some capital for their business. This isn't really a bad idea, but at the same time, you lose precious time and the first movers advantage.
What should you do in such a scenario? My advice would be to first look for an investor or friends and family contributions that can provide you with a testbed for the idea. If that doesn’t work out, you can get back to a job until you make the desired changes or work out a completely new business idea.
If you have a family that solely depends on you for necessities, do not leave the job until you get funding or a steady source of income.
iii. Lack of a Specific Skill Set
As an entrepreneur, it's important to have some domain knowledge and specific skills that need to go into the business.
Domain knowledge refers to the core skills required to run your business, for example, if you are planning to launch a website that sells products, you must have knowledge of Online sales, the products you sell, and how to handle the business operations along with the employees.
What are some of the good Entrepreneurship Degrees?
There aren’t a lot of entrepreneurship-specific programs available apart from an MBA in Entrepreneurship. Well, even that has similar subjects to that of a regular MBA with optional electives. But what can you do with an entrepreneurship degree? Entrepreneurship is more of a practical subject that involves case studies, workshops, and presenting your ideas. As an aspiring entrepreneur here are some of the basic undergraduate programs that will be helpful in your entrepreneurial journey.
Masters in Business Administration is a good undergraduate program for an entrepreneur to learn the essential skills of management and the basics of Accounts, HR, Operations Management, and more. This is the only degree that is perfect for a young entrepreneur and can help you attain great success at your venture.
I would highly recommend an MBA from a good institution where you get exposure and the opportunity to launch your idea. Often Top MBA institutes have incubation centers and events that allow budding entrepreneurs to present their ideas and act as a launchpad for success.
Finance and Accounting
Apart from having an MBA, undergraduate courses in finance and accounts are a good source of practical knowledge that can be implemented in your business venture. As an entrepreneur, it's important to be in touch with your finances and cash flow.
Having an intricate knowledge of cash flow, profit & loss statements along with the balance sheets of your company will give you an extra edge over and above your competitors.
These programs can easily land you an entrepreneurial job in a multinational in their Accounts or Finance departments.
An undergraduate program in marketing can prove to be extremely useful for an entrepreneur. Sales and marketing are highly important in any business and form the backbone of your organization. Without the necessary product advertisement through your sales team or website, your company can land in extreme trouble.
Undergraduate programs in marketing can provide you with good Middle or lower management entrepreneurial jobs.
I would highly recommend an undergraduate program in economics for you as an aspiring entrepreneur. Economic analysis whether it's Microeconomics or Macroeconomics helps you to understand the market, its trend, and the economic situation of your company.
This is a highly underrated subject and extremely important for you as a business owner. You can land an entrepreneurship job as a consultant and even at the top management in an organization with an economics degree.
What Jobs you can Get After an Entrepreneurship Degree
Once you get a degree that’s in accordance with your dream, you can choose an Entrepreneurship job that can impart the necessary skill set for you to be able to pursue your dream at a later stage. There are multiple job opportunities for entrepreneurs. The best entrepreneur jobs examples after an undergraduate degree are listed below.
1. Business Consultant
As a consultant, your job with an entrepreneurship degree is to advise businesses about specific factors such as economics, marketing tactics, and more. Consultants essentially advise on how to improve your company’s performance.
Their role is to troubleshoot problems in the business and provide recommendations based on their own expertise, so as to improve the growth and performance of the business.
2. Mid or top Level Manager
After a degree, you can get multiple entrepreneurship jobs one of which could be at mid or top-level management in a firm. Taking such a job teaches you how to handle employees, get work done, and more.
You can become an Area Manager, Territory accountant, or even an HR manager. These entrepreneurship jobs make you ready for your journey as an entrepreneur, teaching skills that you’ll ultimately need to be successful in the business.
Top-level managers are most often recruited from the best Business Schools and are responsible for strategizing and planning the growth of the organization. You get to be a part of the meetings with the top management and hence learn a lot about the ideal way to grow your own business.
3. Business Analyst
The primary role of a business analyst is to compare past and current data and come out with a decision-making process that best suits the organization’s needs. This is similar to a data scientist, who finds out new and improved ways to gather data for business use.
There are a lot of similarities between a business analyst and an entrepreneur. As an entrepreneur, your primary role is to compare, process, and analyze data that provides you with a good sense of the market. As an entrepreneur data is of utmost importance, as that’s what provides you information to make wise decisions.
Becoming a business analyst is the best entrepreneurship job you can do before starting your entrepreneurial journey.
4. Marketing Consultant
As a marketing consultant, your primary role is to be an advisor to your organization, providing an extensive research-based strategic approach for marketing. This is one of the best jobs for entrepreneurs that get real close to actual business operations.
In any business, the market and marketing are the two most important variables. The market is what defines your business and its trajectory whereas marketing is the method through which you'll build your brand and create a public perception of your company. This experience can help make your entrepreneurial journey a great success.
5. Sales Representative
All entrepreneurs are salesmen. To become a good entrepreneur, you need to have excellent communication and sales skills. Becoming a sales representative or a sales manager is one of the best jobs for entrepreneurship you can have.
You as an aspiring entrepreneur will learn the much-desired negotiation skills that are highly essential for any business.
The role of a sales representative or a sales manager is to focus on increasing sales in the company through new sales strategies and customer satisfaction. Being a sales representative is about as close as you can get to real-life business.
6. Financial Manager
A financial manager is someone who can manage a company’s finances effectively. A financial manager along with his team manages a company’s accounts, ledger, profit and loss statements, and future profit projections. It is one of the best business entrepreneurship jobs.
These reports are complex and usually a top-level management job.
As an aspiring entrepreneur, becoming a financial manager can help inculcate skills such as managing financial health, practical implementation of accounting principles, and more. It tends to impart you with an effective financial discipline which is most important for an entrepreneur.
7. HR Manager
One of the most desirable jobs for entrepreneurship graduates is to be a human resource manager. Human resources are the most valuable resource for a company. As an entrepreneur, you must be able to handle your team and get the best results out of their abilities.
The role of an HR manager includes recruitment, Managing employee grievances, and keeping the employees happy in the organization.
All of this is done in the best interest of the employees and their managers. Moreover, they also head the employee training and learning department, where all employees are given basic training in their roles.
The HR manager is also primarily responsible for implementing all HR policies along with promotions and salary disbursal. All these tasks will help you to acquire effective team management skills and employee retention practices.
Conclusion- Best Entrepreneurship Jobs
There are multiple jobs for entrepreneurship majors, but you must opt for the jobs that can help you acquire skills for the entrepreneurial journey. As an entrepreneur, it's imperative to acquire numerous skills such as sales, marketing, team handling, and good communications.
Without these skills, it's difficult to be successful. Entrepreneurship jobs help you acquire these skills without wasting your own time and money. Is entrepreneurship jobs the only answer to acquiring the necessary entrepreneurial skills?
You can acquire these skills through starting your own company or joining an existing business, but that means dedicating time, making mistakes, and passing through the hurdles to get to the destination.
Entrepreneurship jobs help you to acquire the skills by working in a job at a company thereby getting the exact skill set that’s required in the market.
Another skill that’s most important as an entrepreneur is domain knowledge.
What’s domain knowledge? Domain knowledge is the working knowledge of the industry. An example can be the wholesale aluminum industry or the Fintech industry where you sell different financial products on an online platform. An example of it could be selling credit cards. You must have a working knowledge of the product. This is essential so as to have in-depth knowledge of the industry.
There are multiple entrepreneur degree jobs you can do after an undergraduate degree. This includes top-level management, lower management, domain-specific jobs, marketing, business analyst, and consultants.
These are referred to as entrepreneurship jobs as they provide you with a working knowledge of the entrepreneurial tasks that you have to perform as in your business. As a beginner the Entrepreneur is responsible for everything right from building a business strategy to handling employees, disbursing their salaries, increasing sales, and growing the infrastructure. Having an entrepreneurship job could provide you with the desired experience and confidence to be able to handle everything easily.
The entrepreneurship jobs help you to acquire skills such as business planning, analysis, the functionality of an enterprise, management capabilities, and even domain knowledge.
As an aspiring entrepreneur, I would highly recommend you to take up an entrepreneurship job and try to learn the basic entrepreneurial skills in order to have great success in business.