Anticipated Implementation Date in Taiwan: March 2011
Entrepreneurship is a major aspect of any economy that offers many employment opportunities as well as income and wealth accumulation for diverse groups within a population. Research suggests that about one third of the population is continually engaged in “nascent” (i.e., pre-startup or development stage) entrepreneurial behaviors and about 10 percent of the U.S. population currently own businesses and likely higher worldwide. Both nascent and current entrepreneurs desire and need advanced education and could be well served with this MS degree.
Demand for students with an MS degree in Entrepreneurship originates from all industries. Startups now require advanced knowledge in many subject matter areas as well as technical product knowledge. The changing nature of the economy demands more sophisticated analysis and the ability to work with people in the financial and investment sectors (such as investment banks, mortgage securities brokers, and investment trusts) as well as a variety of venture capitalists. Successful candidates looking to pursue cutting-edge business ventures in these current conditions must develop (or at least understand) a cadre of expertise including finance, marketing, and management, to name a few. Even traditional avenues in the Entrepreneurship sector (such as dot.coms, consulting, and buying and regenerating an existing business) have evolved and now require founders/owners to employ sophisticated analytical tools in their daily activities.
The MS in Entrepreneurship is designed to meet the needs of students who have backgrounds in entrepreneurial ventures, are part of family businesses, or are interested in starting their own businesses when they graduate. The program is interdisciplinary and also includes courses in management, human resources management, marketing, finance, and law. Students who complete the MS in Entrepreneurship will possess all the skills and knowledge necessary to start and grow a business. Many are anticipated to already own a business or have a specific start-up idea.For other students, there are entry-level management positions in Entrepreneurship, a rapidly growing field.
The MS in Entrepreneurship delivers not only core business skills, but also emphasizes knowledge that is specific to the entrepreneur. This combination offers students numerous employment and career opportunities. The strong core business training and specific Entrepreneurship knowledge will equip graduates for many varied and lucrative positions: entrepreneurship development firms, appraisal and consulting firms, accounting firms, insurance companies, pension funds, banks and financial institutions, investment banks, entrepreneurship investment trusts, mortgage security brokers, commingled entrepreneurship funds, regulatory agencies, and firms with large entrepreneurship holdings. These positions require not only general business knowledge and management skills, but also knowledge and technical training specific to the Entrepreneurship field.