Bachelor of Science in Entrepreneurial Management (BSEM) is a four year degree program designed to provide students with an in-depth understanding of the process of developing a business, running a business, and legal and ethical issues of business ownership.
The BSEM program trains students in the conceptualization, planning and formulation of a business, as well as teaching important aspects of business operations such as budgeting and financial forecasting, accounting, strategic marketing and human resource management. The course also trains students to use computer applications and bookkeeping software, as well as methods for incorporating technology into a business.
Subjects and Curriculum
The subjects in the BSEM curriculum are divided into six main categories:
The BSEM program is taught to students through classroom lectures and activities. Regular business establishment visits are also conducted exposing students to the tasks and responsibilities of running a business. Business exposure is an important part of an entrepreneurial management student’s life. In the third year, they will be tasked to create a small business inside the campus and sell different products depending on their choice. They must reach a certain quota of profit. At the end of the semester, they will prepare a comprehensive paper and report in front of their teachers. Here, their teachers will grade them according to the success of their business and how well they individually performed. In addition, students are required to attend seminars, training workshops and educational talks to widen their knowledge of entrepreneurial management.
In the fourth year of study, students must complete two major requirements:
Is Entrepreneurship a profession?
Entrepreneurship is not a profession; it is a collection of traits, some inborn and some self-taught or acquired through experience, that make someone an entrepreneur. Although certain aspects of entrepreneurship can be taught, many traits, such as passion, ability to take risks, ability to endure difficulties and failure, and self-belief, are not taught in college.
BS in Entrepreneurial Management vs. BS in Entrepreneurship
Both courses have the same duration (four years) and more or less the same admission requirements.
In terms of curriculum, there are differences between BS in Entrepreneurship and BS in Entrepreneurial Management:
Overall, BS in Entrepreneurship’s curriculum is considered easier compared with BS in Entrepreneurial Management. The BS-Entrepreneurship curriculum is composed mainly of general business education courses and entrepreneurship subjects. It is focused on teaching the process of developing innovative ideas for business, starting the business per se and how it is operated once built.
The BSEM program has a wider curriculum touching a more aspects of business, such as marketing, operations, strategy, accounting, finance, human resources and general management skills. It is geared to teach students the overall aspect of business operation and maintenance from conceiving the business, hiring employees, product development, financial analysis and a lot more.
Another difference is the integration of computer operations. The BS- Entrepreneurship program only teaches basic computer skills such as typing and the use of Microsoft applications. In the BSEM program, students learn about various types of business and bookkeeping software, as well as methods for incorporating technology into business.
What are the admission requirements for the BS in Entrepreneurial Management program?
Requirements at each school may differ, but these are the common requirements:
What skills, traits and attitude will help you succeed in this course?
How difficult is BS in Entrepreneurial Management?
BS in Entrepreneurial Management is a fairly difficult course. Looking at its curriculum, there are a lot of subjects coming from different fields. The subjects that use Math and analysis make the program highly complex. The BSEM program demands a lot from its students; projects such as case studies, reporting and product development can wear students down. In addition, many students taking up this program say that one of the most tedious activities is the business exposure. Although students get to be exposed to running a small business, they are in charge of the overall maintenance of the business. Since Entrepreneurial Management is an intensive program, there will be a lot of challenging examinations and quizzes.
One of the most challenging parts of the program is the business research where students will be defending their work in front of a panel who will grade them according to their output. The business plan implementation is not only a time consuming and tedious task it, will also involve a lot of money in schools who require their students to create their own businesses.
How long does it take to complete the BS in Entrepreneurial Management program in the Philippines?
The BS in Entrepreneurial Management program takes four years to complete. The program may be completed in less than 4 years in schools that follow the trimestral curriculum.
Career Opportunities for BSEM graduates
The BSEM program is geared toward preparing graduates to start and run their own business. However, since starting a business may require large sums of money, unless you can borrow money from your family or work in a family business, you will have to start your way as an employee.
Since the program is quite wide in terms of the subjects learned, and can be compared in the many ways to the BSBA program, graduates can apply to a wide range of entry level jobs, including sales, marketing, business development, low level management and administrative jobs.
Other options includes the usual Call Center/Customer Service positions, as well as working online as a freelancer in data entry or similar tasks. These positions however do not require a college degree.