Master of Business Creation

/Master of Business Creation
Master of Business Creation2022-08-08T08:26:13-06:00
MBC Online Application Now Open for 2023-24: The application for the new MBC Online option is now open to join the program starting in January 2023. Follow the links below to apply or request information about this program. Find application deadlines and more below.

Entrepreneur Your Startup. Get a Master’s Degree.

Enroll In-Person or Online to Grow Your Company

The Master of Business Creation (MBC) is a professional-degree program for serious entrepreneurs committed to growing their startup company. The program features innovative, application-focused curriculum and access to mentoring, grants, and scholarships. The program is offered at the University of Utah’s David Eccles School of Business by the Department of Entrepreneurship & Strategy in partnership with the Lassonde Entrepreneur Institute. Together, they provide an entrepreneur program ranked among the top 10 in the nation. The MBC degree has courses, workshops, and labs specifically designed for aspiring entrepreneurs building and scaling their business.

The MBC degree has courses, workshops, and labs specifically designed for aspiring entrepreneurs building and scaling their business. The program is available in two formats – an in-person, full-time, 9-month option or an online, part-time, 14-month option. In both options, founders work to grow their companies, take entrepreneurially focused classes, engage in practicum labs, and receive personalized support. Faculty and mentors in the program are leading scholars and experienced entrepreneurs who can provide detailed insight into all stages of the entrepreneurial process.

Apply Here
Request Info about MBC

Application Notes: The first step to apply to the MBC program is to complete a general University of Utah graduate application at the link above. In that application, select “Business Creation MBC” and the “Salt Lake City Campus” for both the in-person and online options. To apply to MBC Online, also select the option to complete the program online on the UOnline question at the end of the application.

Attend a Virtual Q&A Session

To learn more about the MBC program, all are welcome to register to join one of our virtual Q&A sessions. These are great opportunities to meet faculty and staff in the program, ask questions, and explore the options. Find upcoming dates, register, and get log-in information at the link below.

Register Here

Master of Business Creation (MBC) Online

Coming January 2023

The Master of Business Creation is adding an exciting new option. Starting in January 2023, founders can enroll in this unique program online, from any place, at any time. To receive updates about this opportunity, click the link below, check the box for “MBC Online, and submit your contact information.

Request Info about MBC

In partnership with:

Lassonde Entrepreneur Institute

Why MBC?

The David Eccles School of Business is ranked among the top 10 schools for entrepreneurship by the US News & World Report. Its entrepreneurship programs are provided in partnership between the Department of Entrepreneurship & Strategy and the Lassonde Entrepreneur Institute.

Founders in the Master of Business Creation program can choose from two formats. Participate in the full-time format to complete the program in-person at the University of Utah over 9 months. Or participate online part-time from anywhere in 14 months.

The skill and knowledge to build and scale a new business are fundamentally different from managing an existing business, but they can be learned and mastered. MBC founders will develop this expertise by working on their startup while learning from experts and each other.

Founders in the MBC program are focused on their startup. Their time and progress in the program revolve around their company. They spend their time cultivating their ideas while accessing classes, people, and resources that will help them develop their concept and make it successful.

The MBC is exclusively for founders committed to achieving operating independence by the time they complete the program. It requires commitment on the part of the founders in the program.

The MBC program combines the best parts of a business accelerator and a graduate business-degree program to help entrepreneurs advance their startup companies. Founders receive personalized, in-depth support, and resources while also taking classes on related topics from renowned faculty at a top-ranked business school.

Unlike an accelerator, the MBC program does not take any equity in participating startup companies. The MBC program works to add value to startup companies, not extract it, and is solely focused on accelerating your success.

Full and partial scholarships are available to support founders participating in the MBC program. The scholarships are designed to allow founders to use their resources on their startup idea instead of financing their education. Scholarship availability will be determined during the application process.

Founders in the MBC program gain access to unique resources to support their startups. Resources available include working space, exclusive access to experts and funding, and more. The resources reduce the risk of starting a company and give founders a jumpstart toward achieving a profitable enterprise.

Faculty and mentors in the MBC program come from a wide range of backgrounds and have deep knowledge and experience in all areas related to entrepreneurship. 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.

Starting a company is a great way to learn about business. Founders in the MBC program get a rich experience managing everything from finance and human resources to product development and marketing. The lessons are vital for entrepreneurs and business leaders.

The cohort structure of the program, along with the intensive coaching in the practicums, supports group-based learning. 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.

Full-Time vs. Online Programs

The MBC Full-Time and Online programs provide many of the same benefits but are provided in different ways over different periods of time. Here are some of the key comparisons:

MBC Full-Time

In-person
9 months
Daytime
Fixed class times
Scholarships
Grants
Personal mentorship
Peer support
Applied coursework
& More

MBC Online

Virtual
14 months
Anytime
Flexible class times
Scholarships
Grants
Personal mentorship
Peer support
Applied coursework
& More

Testimonials

“I have changed and grown immensely through the program and their continued support and guidance, and I think I’ve also grown a lot in my confidence.”

Alyssa Bertelsen, founder of Rise Up School of Dance, MBC graduate

“It’s a broad swath and depth of companies, which really enriches the experience and gives us at True Adherence a broader feedback loop from our peer founders.”

 Kyle Poulin, co-founder of True Adherence, MBC graduate

“The MBC program is really timely for me in getting everything essentially down in case I do want a raise, in case I do want to go venture. All those skillsets are here for me to use in case I take those pivots.”

Yasmin Khan, founder of Khalm Skincare, MBC graduate

“[The MBC program is] similar to an MBA in that you’re learning a lot of general principles of business, but it’s more tailored to startups, and it’s such an amazing program because we’re able to work on our business.”

Anna Connlly, co-founder of West of Breakfast, MBC graduate

“The MBC has helped me to take all the different aspects of a business to put it together to hopefully see a much higher success rate when it comes to actual implementation.”

 Adam Stewart, founder of Backyard Estates, MBC graduate

MBC Full-Time Application Timeline 2022-23

(Subject to Change)

Here are important dates and deadlines to join the MBC Full-Time program in 2022-23:

  • Priority application deadline – Feb. 5, 2022
  • Preferred application deadline – March 19, 2022
  • Rolling admissions – after March 19, 2022
  • Applicant interviews – starting March 2022
  • Classes start – August 2022

MBC Online Application Timeline 2023-24

(Subject to Change)

Here are important dates and deadlines to join the MBC Online program in 2023-24:

  • Application opens – July 15, 2022
  • Priority application deadline – Sept. 15, 2022
  • Preferred application deadline – Oct. 1, 2022
  • Rolling admissions – after Oct. 1, 2022
  • Classes start – January 2023

MBC Full-Time Application Timeline 2023-24

(Subject to Change)

Here are important dates and deadlines to join the MBC Full-Time program in 2023-24:

  • Application opens – Oct. 1, 2022
  • Priority application deadline – Feb. 5, 2023
  • Preferred application deadline – March 20, 2023
  • Rolling admissions – after March 20, 2023
  • Applicant interviews – starting March 2023
  • Classes start – August 2023

How to Apply

The admission requirements for the MBC degree are similar to those of other programs at the David Eccles School of Business, but the MBC has a more interview-intensive admissions process than is typical for larger programs. A viable startup is required to enroll in the MBC program, and classroom learning will be immediately applied to the founder’s startup.

Application Requirements

(Subject to Change)

  • Step 1: General University of Utah Graduate School application
    • All candidates must first complete the general University of Utah graduate school application. Requirements at this stage include:
      • Transcripts/GPA
        • Applicants must provide official transcripts for all colleges and universities they attended regardless of length of attendance. A minimum cumulative 3.0 undergraduate GPA is required for admission. We will accept a 3.0 GPA from the last 60 credit hours taken in cases where the overall GPA is below 3.0.
      • GRE/GMAT test scores
        • Standardized test scores are not required for applicants with a GPA of 3.0 or higher.
  • Step 2: MBC admissions review materials
    • Select candidates will be asked to submit additional materials, including:
      • Description of the enterprise you have launched or are proposing to launch
      • One-page, statement-of-purpose essay, describing your intent and goals for the program
      • Slide deck, video, and/or other materials describing the enterprise
      • A set of questions designed to assess the state of your enterprise
      • Contact information for two references, who will be contacted and interviewed
      • Resume that includes your education and work history

Course Requirements

The MBC is comprised of required courses, integrated practicum courses, and program workshops featuring special topics sessions (30 total credits minimum). Founders may choose to add electives to their program of study with approval from their advisor and the graduate school in the case of an overload. All courses are taken with a cohort of founders progressing through the program together.

Required Classes

(Subject to Change)

  • Workshops
  • Business Models
  • Qualifying and Testing Business Models
  • Competitive Dynamics
  • Business Creation
  • Practicums
  • Business Launch
  • Legal Issues, Contracting, and Negotiation for Entrepreneurs
  • Leadership and HR

Learning Objectives

  • Mastering complex analysis and problem-solving
  • Executing fast-cycle-time learning
  • Negotiating solutions in multiple-constituency, multiple-issue environments
  • Navigating ambiguity
  • Working with people
  • Emotional intelligence in the face of setbacks and failures
  • Leading innovation

Tuition Costs & Scholarships

Scholarships are available from the Lassonde Entrepreneur Institute and the David Eccles School of Business for up to three co-founders per startup. Find tuition details on the University of Utah’s Financial and Business Resources website here: eccles.link/mbc-tuition.

Frequently Asked Questions

Yes, we are very interested in non-profit, low-profit, mission-driven, and hybrid non-profit/for-profit enterprises. We are focused on enterprises that are financially sustainable and that can scale to meet broad social needs. We welcome enterprises that are affiliated with the Sorenson Impact Investing Fund, the Ivory-Boyer Real Estate Center, the Gardner Policy Institute, and the Lassonde Entrepreneur Institute, and wish to develop further in the MBC program.

The program faculty tend to focus first on the entrepreneur: are we convinced this person has the commitment to succeed as a founder? The second hurdle is the viability of the enterprise. Is it prepared to succeed and can it achieve independence in 9 months? The MBC is not a product-development program; it is an enterprise-creation program. With this focus, we cannot help an entrepreneur who is still doing product development. There is an expectation for those admitted into the program that they will be able to get customer feedback and initial sales within 2-3 months of entering the program. Where individuals are still in a product development phase, the best option is to come back next year.

Professional-practice organizations where the success of the enterprise is the number of hours per day that a professional can devote to the work are not a good fit for the MBC. In these instances, spending 16-20 hours a week on degree work is a distraction from the success of the enterprise, not an acceleration. Many personal-service businesses, including restaurants and retail shops, are similarly not a good match for the MBC.

There are two steps to the admissions process. First, all candidates for the MBC must qualify for admissions into the University of Utah Graduate School. The Graduate School requires applicants for admission have a bachelor’s degree with a minimum 3.0 GPA. Second, you will be asked to submit information about your enterprise and further information about your progress as a founder. This information is collected directly by the MBC program once you are okayed for admission into the Graduate School. These materials are reviewed by the MBC admissions committee, which makes a decision about whether to interview a candidate. All finalists for admission are interviewed by a committee of faculty who teach in the program.

Come back next year with your developed idea. The MBC is a business-creation program and cannot help inventors. We can help founders.

Founders in the Master of Business Creation program have access to many exclusive funding opportunities. Many of these opportunities are provided by the Lassonde Entrepreneur Institute, which supports founders in the MBC program through a variety of extracurricular programs and initiatives. Funding programs at Lassonde include the Get Seeded milestone funding program and the Utah Entrepreneur Challenge. Lassonde and the Eccles School also have other resources and are always developing new opportunities to support student founders. One new opportunity is the Fenton Founders Fund, which was announced in January 2020 and established with a $5 million investment from the Fenton Foundation. Find more opportunities by in the program directory on the Lassonde website.

MBC Startup Companies

The Master of Business Creation program has helped many diverse founders grow their businesses. They come from many backgrounds and are working in many industries. Learn about some of them by following the link below.

Case Studies

Innovations that Inspire Award Winner

AACSB

Meet the Faculty

Todd Zenger

The faculty in the Department of Entrepreneurship & Strategy at the David Eccles School of Business are some of the most respected and innovative thought leaders, shaping the future and transforming business practices worldwide. Learn more about them, our Ph.D. students, and our staff.

Entrepreneurship & Strategy Faculty
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General Information

Master of Business Creation
Spencer Fox Eccles Business Building
1655 East Campus Center Dr.
Salt Lake City, Utah 84112
MBC@Eccles.Utah.edu  | 801-581-7676 (main line for Eccles School)

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Entrepreneur is a Verb. Start Doing.

Entrepreneur is a verb at the David Eccles School of Business and Lassonde Entrepreneur Institute at the University of Utah. Students learn and grow by doing. Students receive in-depth education, mentorship and abundant resources with the expectation to get involved, launch something, join a team and make a difference. Entrepreneur your education. Entrepreneur your future. Entrepreneur your dreams. Entrepreneur at the Eccles School.