Looking to be a successful entrepreneur? Check out these entrepreneurship programs, with bachelor and master's degrees available online in Australia.
Graduates with a degree in entrepreneurship hold a unique set of skills, making them ideal candidates for starting their own business or working as a strategic and innovative employee. Companies need individuals with the ability to drive growth.
Australian universities offer fully online business degrees at bachelor and masters levels. Aspiring entrepreneurs can earn a bachelor degree with a major in an entrepreneurship field. University graduates and experienced professionals can do a Master of Business Administration.
Best Degree to Become an Entrepreneur
The best degrees for becoming an entrepreneur combine theory with practice. As well as learning entrepreneurial principles, you get the opportunity to apply problem-solving skills to challenging projects. But which type of degree is best?
A degree in business is the normally the best choice to become an entrepreneur. You'll develop many of the practical skills essential to actually running a business, including financial literacy, product marketing, business planning, and performance analytics.
Within the business field, marketing, business analytics and strategic planning are great choices, along with accounting, finance, and business management.
Outside of business, you may also consider a degree in an area where you want to do the innovating, whether that's in a technology, healthcare, education or another field.
Bachelor of Business Degrees Online in Australia
If you want some ideas for which bachelor degree would be best for becoming an entrepreneur, here are some good ones. These are online degrees that are available Australia-wide. Each major allows you to learn a critical area of entrepreneurship, with flexibility to design the ideal program for you.
UNE - Bachelor of Business (Marketing)
The Bachelor of Business (Marketing) degree offered by the University of New England is ideal for aspiring entrepreneurs seeking a flexible, all-round business education. The course focuses on developing critical thinking, communication, financial analysis, and decision-making skills. Marketing majors will gain insight into consumer behavior, digital marketing communications, services marketing, and strategic marketing. The highly customisable degree also provides opportunities for work placements, language study, international exchange, and start-up incubation. UNE is highly rated for overall experience and student support.
Deakin - Bachelor of Business Analytics
The Bachelor of Business Analytics from Deakin University equips students with the practical commercial skills to interpret data and information. Students learn how to solve complex organisational problems and create business opportunities using data insights. This program provides hands-on experience in real-world projects and offers work-integrated learning opportunities, including community-based volunteering, team projects, and internships. You'll learn to find meaning and extract value from data by applying creativity to real-world problems. Industry partners like IBM, Deloitte, and PwC feed into the course content.
Deakin - Bachelor of Business (Entrepreneurship and Innovation)
The Entrepreneurship and Innovation major from Deakin University provides skills, tools, and perspectives for innovating in business. It prepares you for careers like starting your own business, family-business entrepreneurship, social entrepreneurship, or helping existing organisations to launch and manage new products and enter into new markets. The program covers units such as Creating and Managing Social Enterprises, Digital Business Analysis, Design Thinking, Brand Management, Project Management, and Global Strategy and International Management. It also includes a Business Management Capstone and work-integrated learning units.
CSU - Bachelor of Business (Strategic Planning)
The Bachelor of Business (Strategic Planning) at Charles Sturt University is an excellent program for entrepreneurs as it develops the skills to make decisions that enable an organisation to achieve goals. This major teaches strategic planning, budgeting, operations management, and leadership skills. These are essential to create and deliver a business strategy to drive results and boost performance. The course is designed in consultation with industry representatives. Real-world assignments and work placements are included, giving students practical experience and connections with industry leaders.
Study to Be an Entrepreneur Online
Online entrepreneurship degrees offer an efficient and flexible way to study. With the ability to start courses at different times of the year, you can study without long breaks. Create a schedule that fits your needs and availability.
The mental journey involves acquiring the necessary tools, mindset, and concepts for building a successful business. Through online entrepreneur courses, you can gain these essential skills. You also learn in a digital environment that reflects today's innovative landscape and is good practice if you're a budding online entrepreneur.
Online programs typically offer the same content as on-campus, but are presented in a different way. You'll develop proficiency in digital media, which is a crucial skill for reaching customers and forming partnerships in business. Choose an online study option and take the first step towards a bright future.
What You'll Learn in a Specialised Program
In an entrepreneurship degree program, students develop general as well as specialised business skills. In addition to growing enterprises, entrepreneurs are often responsible for all aspects of a business. A wide skill set is therefore needed.
Small business skills are critical for success, such as the ability to read financial reports, conduct basic accounting, analyse markets, generate sales forecasts, market products and services, and manage people. These essential skills can be developed through general business and management studies.
Degrees for entrepreneurs may also cover specialist topics such as innovation and growth strategies, and investor presentations. Students may also have opportunities to work on applied projects. Project work allows theory learned in classes to be applied to real-world scenarios and valuable job-ready skills to be developed.
Best MBA for Entrepreneurs
A Master of Business Administration (MBA) program is normally the best option if you have a degree or significant work experience and wish to study entrepreneurship. An MBA course may cover topics such as innovation, finance, leadership, and marketing. The most effective programs for entrepreneurs encourage business development skills through practical applications and industry connections.
UoA - Master of Business Administration
The University of Adelaide’s online MBA is designed to prepare graduates to run a company or take on other challenging management roles. Core units include Entrepreneurial Mindset and Innovation Management. You can do a research project of your choosing. And you learn essential business skills in fields such as accounting and finance, marketing and leadership.
Students benefit from the knowledge and insights of the Adelaide Business School. All the modern conveniences and included, such as 100% online study, 6-week teaching blocks, interactive learning opportunities and dedicated online support. You can start the program with a four-subject Graduate Certificate in Business Administration, which is open to people without a university degree.
Don't skip the MBA.
It makes you a better entrepreneur.
By doing an MBA, you can have a decent skill set in place before you launch your startup. This could turn out to be much less painful than launching prematurely and learning the hard way: through trial and error. On-the-job training as an entrepreneur only works if your personal abilities, and the strength of your ideas, are enough to overcome the inevitable mistakes.
Business Entrepreneurship Degree Salary
Salary statistics for entrepreneurship majors are difficult to obtain and, in many cases, net worth may be a more accurate way to measure success. Business owners typically accumulate wealth by increasing the value of their companies rather than by taking a salary.
However, entrepreneurship is ranked among the highest paying business degrees. The skills gained from this education are valuable for roles such as Business Development Manager, Product Manager, and Sales Manager. These executive positions pay over $100k and involve guiding the growth of an organisation.
Courses in this field can also lead to other high-paying business careers. Studying business administration as part of an MBA may lead to management roles such as Senior Manager and General Manager. Other career paths are also available in disciplines such as business analytics, finance, international business, and digital marketing.
Is Entrepreneur a Good Career?
If you're someone who values freedom, potential wealth, and living life on your own terms, being an entrepreneur might just be the ticket for you.
By starting your own business, you get to set your own pace and chart your own course. Plus, you'll be able to do work that you're truly passionate about, which can be incredibly satisfying.
But let's not sugar-coat things. Getting involved with start ups comes with its fair share of challenges too. For one thing, there's no guarantee that you'll make a steady income, and you'll need to be comfortable with taking risks if you want to succeed. The skill and energy demands are just too great for some people.
Ultimately, whether or not this is the right path for you will depend on your personality, your goals, and your appetite for risk. If you're willing to put in the time, effort, and discipline it takes to start and run a successful business, the potential rewards can be absolutely massive.
So if you're ready to take the leap and start building your own business, go for it! Just remember to stay focused, stay dedicated, and stay hungry for success. And who knows – with a little bit of hard work and a whole lot of heart, you just might end up changing the world.
