{"id":22802,"date":"2014-02-05T14:16:06","date_gmt":"2014-02-05T21:16:06","guid":{"rendered":"https:\/\/gmatclub.com\/blog\/?p=22802"},"modified":"2014-02-05T14:16:06","modified_gmt":"2014-02-05T21:16:06","slug":"top-mba-programs-for-entrepreneurs","status":"publish","type":"post","link":"https:\/\/gmatclub.com\/blog\/top-mba-programs-for-entrepreneurs\/","title":{"rendered":"Top MBA Programs for Entrepreneurs"},"content":{"rendered":"

B-schools are always touting their entrepreneurial offerings, programs, and placement, so when we examined the employment reports of U.S. News'<\/em> top 25 business schools<\/a> to see which schools send the most graduates into entrepreneurship, we were surprised to find that only thirteen programs provide this information in their employment reports.<\/p>\n

Below you\u2019ll find the results \u2013 the U.S. News'<\/em> top 25 MBA programs that reveal the number and percentage of 2013 grads who immediately founded their own businesses after completing their MBA:<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
School<\/strong><\/td>\n\n

# of 2013 Grads <\/strong><\/p>\n

Starting Their Own Business<\/strong><\/p>\n<\/td>\n

\n

% of 2013 Grads <\/strong><\/p>\n

Starting Their Own Business<\/strong><\/p>\n<\/td>\n<\/tr>\n

Standford GSB<\/a><\/strong><\/td>\n70<\/td>\n18%<\/td>\n<\/tr>\n
MIT Sloan<\/a><\/strong><\/td>\n37<\/td>\n9.5%<\/td>\n<\/tr>\n
Wharton<\/a><\/strong><\/td>\n59<\/td>\n7.5%<\/td>\n<\/tr>\n
Harvard Business School<\/a><\/strong><\/td>\n63<\/td>\n7%<\/td>\n<\/tr>\n
Yale SOM<\/a><\/strong><\/td>\n10<\/td>\n4.5%<\/td>\n<\/tr>\n
UCLA Anderson<\/a><\/strong><\/td>\n14<\/td>\n4%<\/td>\n<\/tr>\n
Kellogg<\/a>*<\/strong><\/td>\n<\/td>\n3%<\/td>\n<\/tr>\n
Chicago Booth<\/a><\/strong><\/td>\n17<\/td>\n3%<\/td>\n<\/tr>\n
NYU Stern<\/a><\/strong><\/td>\n<\/td>\n2%**<\/td>\n<\/tr>\n
Columbia<\/a><\/strong><\/td>\n18<\/td>\n2.5%<\/td>\n<\/tr>\n
Michigan Ross<\/a><\/strong><\/td>\n8<\/td>\n1.5%<\/td>\n<\/tr>\n
Duke Fuqua<\/a><\/strong><\/td>\n4<\/td>\n1%<\/td>\n<\/tr>\n
CMU Tepper<\/a><\/strong><\/td>\n2<\/td>\n1%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

* Numbers include all Kellogg MBA programs<\/span>
\n** % of reported placements<\/span><\/p>\n

Clearly, Stanford is way out in front in this horse race. MIT Sloan with its program in Entrepreneurship and Innovation is a distant #2, followed by HBS and Wharton in a tie for third place. Stanford and Sloan have long been known for entrepreneurship, but HBS and Wharton are generally thought of as financial services and consulting breeding grounds. In reality, both programs \u2013 without taking away from their strength in consulting<\/a> and financial services<\/a> \u2013 have sharpened the entrepreneurial saw over the last decade.<\/p>\n

This comparison is useful for those of you who want to start your own business ASAP after earning an MBA. It is an indication of an entrepreneurial culture and education. And if entrepreneurial spirit and ultimately an entrepreneurial alumni network is important to you, then you need to know which schools are strong in this area and how they compare.<\/p>\n

While this listing is useful, it still doesn't tell the entire story of MBA programs\u2019 entrepreneurial strength. Many business school grads will work for a few years to pay back loans and then start their own businesses. Among those, there will be a few grads who immediately enter a startup, so essentially they will initially be entrepreneurs on someone else's dime. There are other MBAs who will work in entrepreneurial areas of established companies. None of these MBAs are reflected in the chart above, but all still benefited from their MBA program\u2019s entrepreneurial education and culture<\/a>.<\/p>\n

Additionally, either we couldn\u2019t find the data or schools don\u2019t all publish these numbers. Consequently, the chart above is incomplete. Don\u2019t automatically assume that programs we haven\u2019t listed aren\u2019t good for entrepreneurship. For example Haas<\/a> has a highly entrepreneurial culture and many courses relevant to entrepreneurship, but we couldn\u2019t find the number of 2013 grads who started their own business immediately upon graduation. Don\u2019t let that lack of info prevent you from considering Haas if founding a startup is your dream. Similarly, Georgetown has many entrepreneurship resources (See Jeff Reid on Entrepreneurshi<\/a>p at Georgetown<\/a>). Finally, programs outside US News'<\/em> top 25, may be excellent for entrepreneurship, deserving of consideration, and easier to get into (For example, Babson).<\/p>\n

As with almost all stats in MBA admissions \u2013 especially anything related to (un)rankings and comparing programs \u2013 take this data as useful information not as the be all and end all of evaluating the entrepreneurial value of different MBA programs. It is simply a succinct compilation of data that you should incorporate into the additional research you should do before deciding where to earn your MBA. Also consider:<\/p>\n

\u2022 Entrepreneurial curriculum.<\/strong> What classes are offered? Are there opportunities to develop and work on a business plan?<\/p>\n

\u2022 Extracurricular groups and activities.<\/strong> Are there venture capital competitions, clubs, events, etc.?<\/p>\n

\u2022 The student profiles at specific schools.<\/strong> Are they entrepreneurial? Would you like to be on a project with them?<\/p>\n

Now it\u2019s time for me to get back to drafting that business plan on the back of a napkin.<\/p>\n

If any school in the <\/em>US News' top 25 includes that data in their employment report and we missed it, or they published the data after we visited their site, please email saraw@accepted.com<\/a> and we'll add it.<\/em><\/p>\n

\"MBA<\/a><\/p>\n

\"Linda<\/a> By Linda Abraham<\/a>, president and founder of Accepted.com and co-author of the new, definitive book on MBA admissions, <\/em><\/em>MBA Admission for Smarties: The No-Nonsense Guide to Acceptance at Top Business Schools<\/a>.<\/a><\/em><\/p>\n

 <\/p>\n

 <\/p>\n

Accepted.com's experienced admissions consultants<\/a> can help you create the most impressive application possible with comprehensive packages<\/a>, <\/i><\/b>or provide targeted assistance from picking perfect programs<\/a> to designing a dazzling resume<\/a>, constructing engaging essays<\/a>, or preparing for intense interview<\/a>s<\/a>\u2026and more! Accepted.com has guided thousands of applicants to acceptances at top MBA programs since 1994 \u2013 we know what works and what doesn't, so contact us<\/a> to get started now!
\n<\/span><\/p>\n

This article originally appeared on the Accepted Admissions Consulting Blog<\/a>, the official blog of Accepted.com.<\/em> <\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

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