Utah Eccles Master of Business Creation (MBC)

Discussion in 'Business and MBA degrees' started by Jonathan Whatley, Mar 30, 2024.

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  1. Jonathan Whatley

    Jonathan Whatley Well-Known Member

    The University of Utah David Eccles School of Business offers a Master of Business Creation (MBC) degree it describes as “business accelerator meets business degree.”

    The MBC is offered in both an on-campus and an online format. The online format lasts three semesters and looks to be asynchronous or close as to meeting times, although "all courses are taken with a cohort of founders progressing through the program together."

    The application process not only screens each student but screens the suitability for the program of each student’s for-profit or non-profit enterprise, using a pitch deck, a video pitch essay, and questions to assess the enterprise.

    "The MBC is exclusively for founders committed to achieving operating independence by the time they complete the program. […] Courses in the program are designed to help working entrepreneurs who need help on real startup problems now. Founders can immediately apply what they learn in class to their startup. […] Founders in the program not only learn from their experience starting an enterprise, they also observe their colleagues’ startup efforts in detail and have an opportunity to learn from a variety of challenges and solutions across their entire cohort."

    Recent graduates from the on-campus format lead startups "from cardiac imaging and trucking software to vintage sneakers and pickleball." An FAQ describes enterprises that are or are not good fits with the MBC. "If you have revenue, you're probably ready. If you don’t have revenue, we look for work you’ve done to validate your idea: prototyping, beta testing, market validation, competitive studies, legal entity formation." Less good fits include professional practices based on billed hours and "many personal-service businesses, including restaurants and retail shops."

    Tuition is $15,000, and “full and partial scholarships are available to all founders who enroll in the program.”

    Funding opportunities for the enterprises may also be available arising out of the MBC community.

    Only some international locations are eligible, but the program is working to expand eligible locations. Eccles recently announced a new MBC Africa cohort. "Sponsorship to cover tuition costs will be awarded to all founders enrolling in the MBC Africa program in fall 2024."

    Eccles and the program are accredited by the AACSB.
     
    Last edited: Mar 30, 2024
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  2. Mac Juli

    Mac Juli Well-Known Member

    Cool!

    Does a Master of Business Cremation exist, too?

    Best regards,
    Mac Juli
     
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  3. Jonathan Whatley

    Jonathan Whatley Well-Known Member

  4. Jonathan Whatley

    Jonathan Whatley Well-Known Member

    19 Founders Graduate from the Master of Business Creation Online in Summer 2024 (Mark Tullis, TechBuzz News, August 22, 2024)

    Looking at these businesses, perhaps the MBC program is now more open to "personal-service businesses, including restaurants and retail shops" than in their prior statement quoted upthread.
     
  5. TEKMAN

    TEKMAN Semper Fi!

    That is a weird name, why's not "Master of Science in Innovation and Entrepreneurship?"
     
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  6. SteveFoerster

    SteveFoerster Resident Gadfly Staff Member

    SEO, maybe? Or perhaps it's an attempt to signal that their program isn't quite like all the others?

    But yes, I've always thought it interesting that so many academic administrators seem to have a penchant for weird nomenclature. In fact, a few weeks ago I finally got around to buying a copy of Epithetology by Bartholomew, and to my surprise it was inscribed. Envy me, DIers!
     
  7. Jonathan Whatley

    Jonathan Whatley Well-Known Member

    It is different than master's in innovation and entrepreneurship in its emphasis on founding a company. The MBC branding probably also sells well to donors who want to be part of something different and focused on founders.

    Central Michigan University offered a Master of Entrepreneurial Transactions (MET) starting in 2017-18, later rebadged to Master of Entrepreneurial Ventures (MEV). Now those programs are closed, though their Graduate Certificate in Venture Financing covers similar ground.
     
  8. Jonathan Whatley

    Jonathan Whatley Well-Known Member

    University of Utah Expands Master of Business Creation Program Globally (Mark Tullis, TechBuzz News, October 17, 2024)
     
  9. Pugbelly2

    Pugbelly2 Active Member

    Wouldn't that be like calling a stay at home parent a domestic engineer? I see your point, but...
     
  10. Pugbelly2

    Pugbelly2 Active Member

    Any idea what the scholarship is for Founders?
     
  11. TEKMAN

    TEKMAN Semper Fi!

    Stay ing at home parent is the "Non-Profit Organization's Director of Operations." :D
     
  12. Rich Douglas

    Rich Douglas Well-Known Member

    A became a solopreneur (professional practitioner) PRECISELY because I didn't want to run a bureaucracy anymore. I used to give my "all." Now I just give my "best." The pay's the same.
     
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  13. Pugbelly2

    Pugbelly2 Active Member

    It's a respectable approach. My approach has always been to do whatever it is you're doing at the very highest level. If something is worth doing, it is always worth doing at the highest possible level unless it is purely recreational on nature.
     

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