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Entrepreneurship Projects in Connectivity are proposed by individuals, small groups or faculty members and must be approved by the MITE Faculty. Students will be required to apply knowledge and skills learned throughout the Innovation, Technology and Entrepreneurship curriculum.
If you’re a STEM graduate looking for a leadership or management position within a company, then either the MTM degree or the MS-ITL could be worth your time and money depending on your interests and aspirations. Whereas MTM degrees tend to provide general knowledge of management, financing and planning in IT, the MS-ITL degree focuses on training IT Leaders to develop integrated solutions to meet strategic objectives and achieve an organization’s strategic goals.
The length of any program depends on the specific requirements of the college or university and the amount of time you can dedicate to accumulating the required number of credit hours. Traditional programs will take an average of two years with full-time classes. Accelerated programs will take less than two years, while part-time programs will be spaced out over four to six years. The length of online and hybrid programs will vary depending on whether they’re full-time or part time. With a requirement of 30 credit hours over 20 months of online courses, the USD MS-ITL curriculum is considered an online, accelerated degree.
MBA programs tend to have a higher salary cap, but keep in mind that is partly because it is an older and far more popular degree. The above listed salaries are averages, and will vary according to your level of experience, location and the field that your business is in. According to U.S. News and World Report, the salary for newer MBA graduates is around $128k, while Payscale estimates that entry-level salaries for MTM grads average around $109k. Graduates of the MS-ITL program can be expected to earn similar salary ranges to both the MTM and MBA.
Costs will vary from school to school and program to program. On average, the cost for a residential graduate program is around $40,000 in yearly tuition – though additional costs for boarding and supplies can add up to $200,000 over two years. Online degrees and accelerated programs can cost less than full-time and on-campus programs. The total tuition cost for USD’s MS-ITL degree is $27,750.
This is very possible! When answering to the best of your ability remember to:
Don’t ask anything that’s obvious or easy to answer yourself. If you can find answers to a question on the program’s website, only ask if you need elaboration on something.
The interviewers are trying to gain an understanding of your behavior and personality, aspects that can’t be gleaned from CVs or work history. This is why it’s essential to be yourself and to be open and honest; don’t set expectations that you’ll struggle to maintain while you’re in the program.
It is very important — don’t think of it as just a formality. While getting to the interview process means you look like a good candidate “on paper,” the interview process is intended to see if you’re a good fit for the program. If you come off as unprepared — or worse, abrasive, arrogant and rude — then you’re hurting your chances of acceptance.
In general, MBA graduates can expect to earn more after graduation due to their greater level of experience and the higher level positions they’ll be hired for.
Absolutely. For those who are transitioning into the business world and want to accelerate their career into a management role, it’s possible to take both programs. Be aware that some MBA programs may require that you have some work experience in between attending both programs.
Depending on what you want to get out of it, yes. While an MiM degree won’t position you for a management position like the MBA will, or for a career as an entrepreneur like the MITE program, it can be a helpful first step in transitioning into a business career.
That depends. While an MBA degree will position its graduates for higher level positions and higher salary amounts, the program can be more challenging and not as useful for those coming from non-business fields or without prior work experience. For those looking to transition into a business position, the MiM degree could be a “better” option.
Your determination is the most important factor. If you’re not committed to your success, you’re not going to make it. Beyond that, we’re partial to Bill Gross’ TED talk on startups, as timing (where are you relative to the market?) and team (the ability to pivot when the market is saying something else) tend to be the two most important factors that will determine if you’re able to succeed.
What you can and should outsource will depend largely on your chosen business model. Our advice is to try not to outsource the process of determining your product market fit. The insights gained during that process are fundamental toward understanding how your product should be designed and what your prospective customers are looking for.
If you need assistance in developing the product, then consider finding local engineers and contract developers for hire. Outsourcing to the cheapest possible developer may seem appealing, but there’s no substitute for face to face discussion and explanation — especially when complications inevitably arise.
We have a few favored recommendations. For additional reading on creating a startup business, consider:
If you’d like to start looking into funding resources and business accelerators, then explore:
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