Studying Entrepreneurship or Management in college is NOT worth it:
Many universities are trying to exploit society’s positive view of becoming an entrepreneur by developing entrepreneurship courses and majors.
When you major in something such as entrepreneurship or management, let us say that they graduate with a profound skill set that embodies what those majors teach you. That much I can agree on.
But the problem arises when it becomes time to apply your entrepreneurial/managerial skills into an industry or field. Neither major gives you a specific skill set with which you can work with. For, if one wanted to make the most of the skills they have, how could the individual create something without having focus on a specific field?
If one spent relatively the same amount of time in school studying this major while others of equal ability studied something with a specialization such as Accounting, Computer Science, Engineering, among many others, one completes their formal education at a disadvantage to the rest of his or her peers. While the rest gained knowledge in a specific industry that will give them opportunities to do a variety of things within that industry, one who majors in something as vague (compared to the aforementioned majors) as entrepreneurship/management is not knowledgable in a specific industry in which they can apply their entrepreneurial skills.
To further develop my point, let me provide some examples, some of which are more elaborated than others.
- If you see someone who started their own software company that provides development for corporate applications, that individual may very well have been a computer science major or something similar. He was very good at what he did, and also had a vision beyond his current position which eventually allowed him to be where he is today: a successful entrepreneur. It is safe to assume this individual went to college and then did not immediately develop such a prestigious company; he may have worked at several companies in this industry before he figured out what he could do to disrupt it and start his own venture. This example can be applied to people who are now highly successful entrepreneurs but began working at places like Google (known as Ex-Googlers) or Apple because they majored in that industry.
- For the arguments sake, I will provide this one example about management. Someone studied accounting and got an entry level position in a good accounting firm. Eventually, because he was passionate and focused about his job, his employer allowed him to move up and eventually be able to manage his own clients and projects within the company. Boom. Project management through majoring in accounting.
- Someone was very good at engineering, specifically with engines and their efficiency, so they made a business out of it in the form of a car company.
- Someone was very good and passionate about how computers work and their application to the world, so they made a business out of it in the form of a computer company.
That being said, I’d also like to say that I don’t believe entrepreneurship is something that can be taught entirely. I do believe classes or seminars could help you channel your entrepreneurial side, but it has to be there already. I don’t think someone who is totally not cut out to be an entrepreneur can become one by taking a lot of courses about it. I don’t want to get into that because then it raises the question “Who is to say who is or isn’t cut out to be one?”, and I am in no way entitled to make that judgment.
Now, if you say “well.. someone who’s an entrepreneur doesn’t want to work under someone for another company, they want to do their own thing”, I agree. But you have to start somewhere, whether it’s to build experience or financially support your entrepreneurial ambitions.
Also, there are the countless examples of people who either dropped out of college and achieved the same things I previously described, as well as people who achieved entrepreneurial success through self-education. That is a whole didfernt topic. The purpose of this article is to bring to the table the concept of why if you to go to college and major in something, it shouldn’t be something like entrepreneurship or management.