Affordable Online Master’s Degrees in Entrepreneurship

If you’ve always dreamed of being your own boss, if you have an idea for a new product or service, or if you currently run your own business and want to take it to the next level, then a master’s in entrepreneurship might be right for you. Meant for business-minded individuals, online graduate programs in entrepreneurship train you for the challenges of business ownership. In addition to finance and marketing courses, many programs also provide mentorship and access to valuable resources, such as legal advice and networks of venture capitalists.

Graduates with a master’s in entrepreneurship are more in demand than their bachelor’s degree-holding counterparts due to the additional coursework and mentorships that accompany graduate study. An online MBA entrepreneurship program will give you the leadership skills you need to manage a team, evaluate business opportunities, structure financing, and craft marketing strategies. These are in-demand skills that you can use in your own start-up or leverage for career advancement in managerial and professional positions across industries.

Entrepreneurs are a vital force in the economy, and working for yourself can often earn you 50% more than working for someone else. With an average entry-level annual salary of around $75,000 for entrepreneur graduates, however, a corporate job could be an attractive option.

Entrepreneurship is a rapidly growing field, and you don’t need to spend a fortune or uproot your life to further your education. Online programs are an excellent way to flexibly pursue your career objectives while enjoying nearly all the benefits of an on-campus school without having to relocate or quit your job. The following ranking of the best online MBA in entrepreneurship programs is designed to help you find a quality online program that is both rigorous and affordable, taking into account cheap tuition and best return on investment.

5 Affordable Online Master's Degrees in Entrepreneurship
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Oklahoma State University

Value Score 8.92
Average Tuition $4,704
Percentage of Students in Online Programs 28%
Number of Online Programs 16
Part-time cost per credit hour $196

OSU offers an online master's in entrepreneurship program that is designed for students who are aspiring entrepreneurs in for-profit, nonprofit, military, and public sectors. Offered through the School of Business at OSU, the program emphasizes the power of relationships and tight-knit communities. While the program is open to any qualified candidate, it is designed for working professionals who are ready to start their own ventures.

OSU’s 33-credit program can be completed in two years of full-time study. The curriculum includes 19 credits of entrepreneurial classes, 12 credits of business foundation courses, and a three-hour practicum experience. The program offers students several opportunities outside of the classroom with organizations such as the Veterans with Disabilities Entrepreneurship Program, Women Igniting the Spirit of Entrepreneurship, and the Entrepreneurship Empowerment in South Africa Program. Incoming students who have already taken graduate-level courses can substitute these classes for entrepreneurship requirements as long as they complete at least 27 credit hours at OSU. Applicants must have a bachelor's degree with a minimum GPA of 2.75 and submit GMAT test scores to be considered.

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University of Houston-Victoria

Value Score 7.31
Average Tuition $5,574
Percentage of Students in Online Programs 93%
Number of Online Programs 11
Part-time cost per credit hour $389

UHV offers a master's of science in economic development and entrepreneurship (MSEDE) that is regarded as one of the best online master's in entrepreneurships programs in the state of Texas. The program emphasizes an integrated model of economic growth and teaches students how to become experts in both economic development and entrepreneurship.

The 36-credit MSEDE program includes coursework in economic development and entrepreneurial skills, as well as electives chosen from MBA foundation classes and a culminating capstone project. The semester-long capstone project focuses on economic development, entrepreneurship, or both, and provides students the opportunity to work with local organizations, business, government agencies, and community leaders. Applicants must have a bachelor's degree with a minimum GPA of 2.5 and a GMAT score of at least 450 to be considered. This program is accredited by the Association to Advance Collegiate Schools of Business International.

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Peru State College

Value Score 6.65
Average Tuition $7,380
Percentage of Students in Online Programs 100%
Number of Online Programs 2
Part-time cost per credit hour $308

Peru State College was founded in 1865 in Peru, Nebraska, by the members of the Methodist Episcopal Church. Today the school serves more than 3,500 students each year and offers a variety of distance learning programs, including a master's of science in organizational management (MSOM). This asynchronous online program offers cheap tuition and is flexible enough to meet the needs of nontraditional graduate students. The MSOM coursework allows students to work on their own businesses and community enhancement projects throughout the program.

This affordable online master’s entrepreneurship program requires the completion of 36 credits over two years of full-time study. The curriculum covers a variety of topics, including conflict management and mediation, eCommerce and internet communication, and economic development. Students must also must also complete six hours of thesis, internship, or research requirements. They can also take an additional three-hour course in human resources development in order to earn a Certificate of Advanced Studies in Organizational Development. Applicants must have a bachelor's degree with a minimum GPA of 3.0 to be considered.

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Everglades University

Value Score 3.54
Average Tuition $15,696
Percentage of Students in Online Programs 49%
Number of Online Programs 4
Part-time cost per credit hour $654

Everglades University, formerly known as the American Flyers College, is a private nonprofit institution located in Boca Raton, Florida. The university’s master’s degree in entrepreneurship emphasizes business concepts, theories, and strategies that will prepare students to start innovative business ventures. The program teaches students how to understand the risks and rewards associated with developing a working model for their business.

This affordable master’s entrepreneurship online program consists of 36 credits and can be completed in 12 months of full-time study. The curriculum emphasizes analysis and decision-making skills and includes courses on marketing management, new venture creation, and global business ventures. Students must also enroll in a three-credit entrepreneurship capstone course. Applicants must have a bachelor's degree with a minimum GPA of 2.0 and a GMAT score of at least 500 to be considered.

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Suffolk University

Value Score 3.13
Average Tuition $31,120
Percentage of Students in Online Programs 9%
Number of Online Programs 13
Part-time cost per credit hour $1,216

Suffolk University is located in Boston, Massachusetts, offering students local opportunities with world-class organizations in biotech, finance, healthcare, and other industries. The university’s MBA program features several concentrations, including finance, accounting, international business, marketing, strategic management, and entrepreneurship. The online MBA with a concentration in entrepreneurship is designed for students looking for an affordable entrepreneurship program that also provides opportunities to engage with a dynamic urban environment.

Students in the entrepreneurship concentration are required to take core business classes, as well as courses in social entrepreneurship, global innovation and new product development, and business opportunities using design thinking. They can also choose to participate in in-person opportunities such as travel seminars or on-campus classes to supplement their online learning experience. The program is offered in a full-time or part-time format. Full-time students can participate in internships with local Boston organizations or with organizations in their home state or country.

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