Yesterday, the University of Utah announced a new master's degree designed for serious entrepreneurs. The Master of Business Creation (MBC) is a nine month program aimed at helping founders grow their businesses. This new program was made possible by a partnership with the David Eccles School of Business and the Lassonde Entrepreneur Institute. With resources such as scholarships, grants, mentors, and prototyping tools, the students in the MBC program are able to make their dreams a reality.
Students in the MBC program are full-time entrepreneurs who have a drive to launch and scale a new business. “This degree program is very relevant and immediately useful for a working entrepreneur,” said Todd Zenger, presidential professor and chair of the Department of Entrepreneurship & Strategy at the Eccles School. “The Master of Business Creation degree was co-designed by serial entrepreneurs and leading educators to provide you with the tools, training and network access required to create and build a business, rather than merely administer one. Our aim is to assist entrepreneurs in what matters most to them – rapidly growing their startup and realizing its potential. We are just as focused on that goal as our students.”
The coursework in the MBC program is tailored to students so that each individual gets the knowledge and resources they need for their specific business. Coursework includes topics such as developing and testing a business model, negotiation, law, accounting, strategy, and leadership. In addition, students choose from a variety of electives to learn skills pertaining to their needs.
“The Master of Business Creation is unlike any other business master’s degree,” said Taylor Randall, dean of the David Eccles School of Business. “It will teach founders what they need to know to start and grow a successful company, and they will learn these lessons while applying them in real time to their companies. MBC students can customize the program to meet their needs. No two companies are alike; we created a program that accommodates this diversity.”
In order to apply to the MBC program, individuals must have a developed startup idea and be willing to work full-time to make it a reality. “The Master of Business Creation is not for people who want to just think about entrepreneurship,” said Troy D’Ambrosio, executive director of the Lassonde Entrepreneur Institute, an assistant dean at the Eccles School, and a serial entrepreneur. “At the Eccles School, entrepreneurship is a verb. The best way to learn is by doing it. If you have a great idea and are willing to do what it takes to develop it, this is for you. Come and entrepreneur with us.”
Learn more and apply to the Master of Business Creation program here.