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Business & Strategy

Entrepreneur

Builds a new venture from an idea into a working organisation.

What this career is

Entrepreneurs identify problems, build products or services to solve them and grow organisations around them. The path is uncertain and often combines employment, side projects and founding companies.

What professionals do

  • Talk to customers
  • Build and test products
  • Raise money and manage finances
  • Hire and lead a team

Outlook: High risk and high learning; skills transfer to product, strategy and leadership roles.

Official occupation data

Tasks, skills, US pay and job growth from O*NET and the U.S. Bureau of Labor Statistics.

Key skills

Product thinking

analytical

Product managers and founders must turn user needs into clear decisions and trade-offs.

Start with

  • · Interview five users of an app you use
  • · Write a one-page problem statement and solution
Digital Product Management (opens in a new tab)

Leadership

leadership

Scholarships such as Chevening and fellowships explicitly select for demonstrated leadership.

Start with

  • · Take on a defined role in a club or project
  • · Lead one initiative from idea to result
Leading People and Teams (opens in a new tab)

Negotiation

communication

Useful for consulting, sales, entrepreneurship and diplomacy.

Start with

  • · Learn interests vs. positions
  • · Practise in Model UN or case competitions
Successful Negotiation (opens in a new tab)

Public speaking

communication

Interviews, pitches, Model UN and leadership roles all reward clear spoken communication.

Start with

  • · Join a debate or Model UN club
  • · Present a project in under five minutes
Toastmasters International (opens in a new tab)

Accounting fundamentals

analytical

Accounting is the language of business; it underpins finance, consulting and entrepreneurship.

Start with

  • · Learn the accounting equation and double-entry
  • · Read an annual report of a company you know
Finance and capital markets (opens in a new tab)

Software development

technical

The core skill of software engineering roles and a strong advantage for founders and product managers.

Start with

  • · Learn a language and data structures
  • · Use Git and GitHub daily
CS50x: Introduction to Computer Science (opens in a new tab)

Education paths

  1. 1Any degree — business and technical degrees are both common
  2. 2Startup incubators and accelerators
  3. 3Many founders gain industry experience first

Universities strong in Business & Management

Massachusetts Institute of Technology

Cambridge, MA, United States

QS #1Full need-based aid

Electrical Engineering & Computer Science · Mechanical Engineering · Economics

Tuition
Est. above $60,000 per year before aid
Deadline
Typically 1 November

Stanford University

Stanford, CA, United States

QS =2Full need-based aid

Computer Science · Management Science & Engineering · Economics

Tuition
Est. above $60,000 per year before aid
Deadline
Typically 1 November

Imperial College London

London, United Kingdom

QS #2Merit scholarships

Computing · Electrical & Electronic Engineering · Mathematics

Tuition
Est. £38,000–£50,000 per year for international students
Deadline
Typically late January

Typical entry-level roles

Founder of a student ventureEarly employee at a startupVenture programme fellow

Build your profile

Recommended extracurriculars

  • · Hult Prize
  • · Enactus
  • · Launching a small business or app
  • · Hackathons

Recommended competitions

Competition

Hult Prize

Hult Prize Foundation

PrizesHybrid
Location
Campus rounds worldwide; global final varies
Deadline
Campus programmes typically run from autumn to winter

Competition

Enactus

Enactus

PrizesIn person
Location
National competitions worldwide
Deadline
Season timing varies by country

Scholarships & fellowships

Conference

One Young World Summit

One Young World

Funding variesIn person
Location
Host city changes annually
Deadline
Scholarship calls typically earlier in the year

Certifications that help

Marketing

HubSpot Inbound Marketing Certification

HubSpot Academy

Beginner

Content, social and email marketing fundamentals.

Cost
Free
Time
About 4–5 hours
All certifications for this career →

Courses & resources

Related university majors