Master of Business Creation

/Master of Business Creation
Master of Business Creation2019-12-06T09:56:07-07:00

Master of Business Creation

Entrepreneur Your Startup. Get a Master’s Degree.

9-Month Program to Launch Your Company

The Master of Business Creation (MBC) is a nine-month, professional-degree program for serious entrepreneurs committed to launching their startup company aided by an innovative, application-focused curriculum and access to mentoring, funding, and scholarships. The program is offered by the David Eccles School of Business and Lassonde Entrepreneur Institute at the University of Utah, which have an entrepreneur program ranked among the top 10 in the nation.

The MBC degree has courses, workshops and labs specifically designed for aspiring entrepreneurs to gain the knowledge and skills needed to create and scale their business. Founders will work full-time on 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 Now (for Fall 2020)
Request Information about MBC

Application Note: The first step to apply to the MBC program is to complete a general University of Utah graduate application at the link above. Make sure to select the option to apply for  “Business Creation MBC.”

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. Register and find log-in information at the link below. The session dates are Thursday, Dec. 12, 7-8 p.m.; Wednesday, Jan. 8, 5:30-6:30 p.m.; Thursday, Jan. 23, 5:30-6:30 p.m.; Thursday, Feb. 6, 5:30-6:30 p.m.

Register Here

In partnership with:

Lassonde Entrepreneur Institute

Why MBC?

The skill and knowledge to create 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 on campus 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 launching an enterprise within nine months of starting the program. It requires complete engagement on the part of the founders in the program. This is not a program where founders will take courses a couple of days a week and keep a part-time job. It is a program that is six days a week, 14 hours a day.

The David Eccles School of Business is ranked among the top 10 schools in the country for entrepreneurship education by the Princeton Review, U.S. News, and Bloomberg. These rankings recognize the variety, depth and quality of opportunities for founders who want to learn how to launch companies.

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 include office space, exclusive access to experts, and funding, and more. The resources will 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 have the option to customize their educational experience to meet their goals.

The founders who enroll in the MBC program create their jobs, careers and futures. Founders who enter the program do not want to work for someone else and are willing to do the work necessary to launch an enterprise that will define them for many years to come.

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 they learn will be vital for their future as an entrepreneur and business leader.

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 colleague’s startup efforts in detail and have an opportunity to learn from a variety of challenges and solutions across their entire cohort.

Application Timeline 2020-21

Here are important dates and deadlines for the application process for the 2020-21 academic year:

  • Priority application deadline – Feb. 10, 2020
  • Final application deadline – April 10, 2020
  • Applicant interviews – March-April, 2020
  • Acceptance and seat fee due – June 1, 2020
  • Register for classes – June 16, 2020

How to Apply

The admission requirements for the MBC degree are similar to those of other programs within the David Eccles School of Business, but the MBC has a more interview-intensive admissions process than is typical for larger programs.

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 score is suggested for founders whose prior academic record does not meet the minimum GPA requirement. No minimum GRE or GMAT score is required for application. All application materials are evaluated to determine the strength of the application.
      • English language proficiency
        • International applicants must receive a minimum score of 90 on the TOEFL iBT exam or 6.5 on the IELTS exam.
  • 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

Course Requirements

The MBC is comprised of required courses, integrated practicum courses and program workshops featuring special topics sessions over two semesters (33 total credits minimum). Founders may choose to add electives to their program of study with advisor and graduate school approval in the case of an overload. All courses are taken in lock-step with a cohort of founders progressing through the two-semester, full-time program together.

Required Classes

(Subject to Change)

  • MBC Program Workshops
  • Developing Your Business Model
  • Testing Your Business Model
  • Negotiation for Entrepreneurs
  • Legal Issues for Entrepreneurs
  • Business Creation
  • Practicums
  • Business Launch
  • Entrepreneurial Management Accounting
  • Entrepreneurial Competitive Strategy
  • Leading and Scaling the Entrepreneurial Enterprise

Electives

Many electives are available at the David Eccles School of Business in topics including accounting, entrepreneurship, finance, management, marketing, operations and information systems, and strategy.

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

Find tuition details on the University of Utah’s Financial and Business Resources website here. Scholarships are available for the entire amount from the Lassonde Entrepreneur Institute and the David Eccles School of Business for up to three team members per startup.

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.

The program was launch in 2019. In the first admissions cycle, we had 485 email queries, 129 completed applications, interviewed 48 candidates, and admitted 28. Two of the admitted candidates decided they could not quit their jobs and declined admission. Twenty six founders matriculated. We expect the number of queries and applications to be higher for the 2021 graduating cohort, which we will admit in 2020.

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

Contact Us

Master of Business Creation
Lassonde Entrepreneur Institute, University of Utah
105 Fort Douglas Blvd., Bldg. #604, Salt Lake City, UT 84113
MBC@Eccles.Utah.edu | 801-587-3836 (Lassonde Institute) | 801-581-7676 (main line for Eccles School)

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.

Apply & Request Info

Apply Now (for Fall 2020)
Request Information about MBC

Application Note: The first step to apply to the MBC program is to complete a general University of Utah graduate application at the link above. Make sure to select the option to apply for  “Business Creation MBC.”