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Entrepreneurial Studies Major

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Entrepreneurial Studies

3,728 Bachelor's Degrees Annually
1,082 Master's Degrees Annually
#15 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 2020-2021 for each degree level.

Education Level Number of Grads
Basic Certificate 4,576
Bachelor’s Degree 3,728
Master’s Degree 1,082
Graduate Certificate 731
Associate Degree 715
Undergraduate Certificate 477
Doctor’s Degree 10

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

This major prepares you for careers in which these 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

The following list of skills has been highlighted as some of the most essential for careers related to entrepreneurship:

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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 you progress with your entrepreneurship degree, there are several abilities you should pick up that will help you in whatever related career you choose. These abilities include:

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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?

Below is a list of occupations associated with entrepreneurship:

Job Title Job Growth Rate Median Salary
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?

3,728 Bachelor's Degrees Annually
39% Percent Women
31% Percent Racial-Ethnic Minorities*
This is one of the most frequently chosen business majors. It is the 15th most popular in the country with 3,728 students graduating with a bachelor’s in entrepreneurship in 2021. This major tends to be male dominated. About 61% of recent graduates are men.

Racial-Ethnic Diversity

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

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Race/Ethnicity Number of Grads
Asian 155
Black or African American 295
Hispanic or Latino 553
White 2,204
International Students 292
Other Races/Ethnicities 229

Geographic Diversity

Americans aren’t the only ones with an interest in Entrepreneurship. About 7.8% 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 U.S. Department of Education found that students who graduated in 2017-2019 with a bachelor’s degree in entrepreneurial studies made a median starting salary of $39,417 per year. During this timeframe, most salaries fell between $33,237 (25th percentile) and $44,436 (75th percentile).

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Note that some of these people may have jobs that are not directly related to a entrepreneurship degree.

Salaries According to BLS

Entrepreneurship majors often go into careers where salaries can range from $103,330 to $123,880 (25th to 75th percentile). 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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250K
Median Salary for a Bachelor's Degree Holder  ( 45600 to 99000 )
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250K
Median Salary for an Advanced Degree Holder  ( 55600 to 125400 )
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250K

Some degrees associated with entrepreneurship may require an advanced degree, while others may not even require a bachelor’s in the field. Whatever the case may be, pursuing more education usually means that more career options will be available to you.

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 the 2020-2021 academic year, 854 schools offered some type of entrepreneurial studies program. 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) 0 0
Certificate (1-2 years) 168 28
Certificate (2-4 Years) 5 0
Associate’s Degree 184 30
Bachelor’s Degree 83 37
Post-Baccalaureate 0 0
Master’s Degree 92 24
Post-Master’s 14 0
Doctor’s Degree (Research) 6 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 416,590
Accounting 99,265
Finance & Financial Management 57,778
General Business/Commerce 56,042
Marketing 52,916
Management Sciences & Quantitative Methods 43,382
Human Resource Management 28,787
Business Support & Assistant Services 19,119
Hospitality Management 17,689
Management Information Systems 13,680
International Business 9,101
Real Estate 6,547
General Sales & Marketing 5,923
Business/Managerial Economics 5,667
Specialized Sales, Merchandising & Marketing 5,191
Other Business, Management & Marketing 4,822
Construction Management 3,846
Insurance 1,809
Taxation 1,547
Business/Corporate Communications 1,029
Telecommunications Management 55

References

*The racial-ethnic minorities count is calculated by taking the total number of students and subtracting white students, international students, and students whose race/ethnicity was unknown. This number is then divided by the total number of students at the school to obtain the racial-ethnic minorities percentage.

More about our data sources and methodologies.

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