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Entrepreneurship at StanfordAccording to 2014 Employment Report, 17% of the graduating MBA class at Stanford were starting a new Business. This is a surprisingly large number for any Business School in the world. Not for Stanford though. Since the 1930s, Stanford entrepreneurs have founded companies that generated revenues of $2.7 trillion annually while creating 5.4 million jobs. 55% of the entrepreneurs chose Stanford because of its entrepreneurial environment.

Google, Hewlett-Packard and Cisco Systems are among the 39,900 companies that originated from Stanford. If we combine them as a country, it will be the #10 economy in the world.  Some of the renowned non-profits originating from Stanford are Kiva, a microfinance organization, and The Special Olympics and Acumen Fund that assist entrepreneurs in developing economies.
 
While the above stats are for Stanford as a whole, MBA graduates have only benefitted from this environment....

Categories : Entrepreneurship

Entrepreneurship AttitudeQ) I am from India. Given the poor Entrepreneurial Ecosystem (bureaucracy, corruption, and societal pressure); I would like to immigrate to a country where I can pursue my Entrepreneurial dream. I also want to be in a country where I have the option of doing an MBA if things don’t work out.

F1GMAT: First, you have to define what Entrepreneurship is for you:

a) Is it a lifestyle Business where the revenue from the product/service will be used primarily for your survival and day-to-day expenses?

b) Is it a Business where you need considerable investment through Angel investors or Venture Capitalists?

c) Is it a Business that needs support from a team of 30-50 Employees?

d) Can you bootstrap the Business for 1-2 years before scaling up?

Once you have defined clearly what your start-up would be like, brainstorm, and find out whether you will go it alone or you will have a partner. There are ups and downs for both. But let us assume that you are going it alone, at least for a year before bringing partners into the team.

...

Categories : Entrepreneurship

Top MBA in EntrepreneurshipWhile many MBA students seek a steady job immediately after graduation, there is a rare but growing breed of aspirants who are choosing the entrepreneurial route.

Entrepreneurship is not something that can be taught in a classroom; however, what most Entrepreneurial MBA students want is to learn how to start, run and grow a business. MBA programs with focus on Entrepreneurship provide a wealth of knowledge that will help students understand how different parts of a business work and come together. The basic knowledge they gather about finance, marketing, accounting, administration and sales can even help them do it all on their own, especially in the beginning when most startups are likely to be cash-strapped and cannot afford to employ many people.

According to a 2011 survey by the Association of Business Schools, entrepreneurship is one of the top 5 course content areas that students are now looking for. B-schools in turn are now offering excellent coverage of entrepreneurship in the form of course content, workshops, business plan competitions, conferences, and one to one counseling sessions.

Top 5 Entrepreneurial MBA Programs to consider...

Categories : Entrepreneurship

Software Engineers EntrepreneurshipSoftware Engineers are an interesting breed. As Marc Anderson had famously said in a NY Times article, “When you’re dealing with machines or anything that you build, it either works or it doesn’t, no matter how good of a salesman you are.” Tech Engineers deal with machine more than they do with people. Machines don’t lie. A regular honest interaction with machines forces Engineers to focus on the solution rather than presentation.

Here are three reasons why regular honest interactions make Software Engineers a better Entrepreneur.

1) Art of Pivoting

The Lean Startup community has overused the word “Pivot,” an art of changing direction incrementally based on a hypothesis-driven experimentation. With pivoting, products are developed iteratively, tested in the market, and based on early customer acquisition and interaction, further iterations are planned. A majority of the concepts that lean startup community have recommended is similar to the Agile Software Development model, a software development methodology widely...

Categories : Entrepreneurship

Fear of Failure EntrepreneurshipOver the past five years, the MBA curriculum in Business Schools has been customized to include Entrepreneurship as a specialization and in some cases an integral part of the learning process. But if you have read the latest MBA Employment trends, in top Entrepreneurial Business Schools like Stanford (13%) and MIT (8.2%), only a small section of the class actively pursued Entrepreneurship after MBA.

Business Schools cannot be entirely blamed. International students represent 35% of US MBA Class and over 65% of European Business School MBA programs. According to The Global Entrepreneurship Monitor (GEM) 2012 Global Report, the cultural influence of student’s home country had a greater impact on their pursuit of Entrepreneurial opportunities.

GEM evaluated several factors that were predictors of Entrepreneurship in an Economy, out of which four were primary influencers: Perceived Opportunities, Perceived Capabilities, Fear of Failure, and Entrepreneurship as a good career choice

MBA Program and Entrepreneurship

F1GMAT had...

Categories : Entrepreneurship

Definition Entrepreneurship MBA
Business Schools have done an excellent job in integrating Entrepreneurship Centers with the MBA program. However, the question remains – do Entrepreneurs need an MBA? Unlike other specialization, Entrepreneurship has a broad definition. If you are entering Finance, there are 3-4 major job functions: Analyst, Investment Banking, Wealth Management, and Trading. But the definition of an Entrepreneur is much more complex.


Independent consultants offering solutions might call themselves as an Entrepreneur. Entrepreneurs manage 1-10 employee start-up, small to mid-sized companies and play a major role in publicly traded companies. So to make sense of the question – Do Entrepreneurs need an MBA, applicants should identify with one of the definitions of the word Entrepreneurship:

a) Independent Consultant
b) Startup
c) Small Business
d) Mid-Sized Business
e) Public Company

It might not be surprising to learn that most Entrepreneurs are not starting their Business with the idea to become the next Zuckerberg. There are lifestyles Entrepreneurs, who can be categorized under Independent Consultant or Startup. Most Entrepreneurs aspire to...

Categories : Entrepreneurship

MBA not Good for EntrepreneurshipWe found it extremely hard to compile the list of Billionaire Entrepreneurs with MBA. Several of them in the Forbes Richest list are Bachelors & Master’s Degree holders with many of them earning PHDs before venturing out on their own. The need for an MBA program or knowledge of management best practices were not featured in the must have qualities for Entrepreneurs.

In this article, we will evaluate five factors that have turned the tide against MBA Students pursuing Entrepreneurship.

1) Cost vs. Return

Most top MBA Programs cost around $85000 to $90000 (includes personal expenses) per year. For Entrepreneurial MBA students, the post-MBA goal is to fund their startup and release products/services to the market at the earliest. The weighted salary post-MBA of top schools is in the $150,000 to $190,000 range. This is a relief, as the 5% to 7.5% interest rates on loans...

2018 MBA Research Guide - Choose your MBA

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F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach. 

Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?

We cover them all through our extensive analysis. 

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+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method 
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour


Comprehensive MBA Research Guide:
 Includes 
Top MBA Programs by 19 Specializations:
+ General Management
+ Finance
+ Consulting
+ Marketing
+ Strategy
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
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+ Accounting
+ Energy
+ Non-Profit
+ Wine
+ Sports
+ Sustainability
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+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee (2018)    
Top 31 MBA Programs in United States – Total Cost & Salary (2017)    

Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary    
Top 20 European MBA Programs (Based on Actual Salary Increase)    
Top 20 European MBA Programs (Short-term return on investment)    
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Top 10 MBA in UK – Salary & Fee (2018)  
Top MBA Destinations Based on Happiness Index    
Top MBA Destinations based on Innovation Index    
Top 10 MBA Job Markets based on Cost of living and Purchasing Power    
Top MBA Destination: By Economy    


+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA (2018)  
MIT vs. Stanford MBA   (2017)
Haas vs. Ross MBA    
(2018)
Kellogg vs Ross MBA    
Booth vs Wharton MBA    
MIT Sloan vs Tuck MBA    
IMD vs. INSEAD MBA    
(2017)
IIMA vs. ISB   
(2017)

Harvard vs. Stanford MBA (2017)

+ MBA in France (2018)
Top Industries in France   
Top MBA Programs in France  

  Location   
  Ranking   
  Class Profile   
  Cost   
  Curriculum   
  Post-MBA Salary

Scholarships in France
External Funding 


+ MBA in the UK (2018)
Top Industries in the UK   
Top MBA Programs in the UK

  Location   
  Ranking   
  Class Profile   
  Cost   
  Curriculum   
  Post-MBA Salary

Scholarships in the UK
External Funding 

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