Innovation Entrepreneurship Concentration

Business is changing. Innovation is happening at an accelerating rate. Northeastern University’s Online MBA with a concentration in Innovation Entrepreneurship can help you build a skill set that prepares you to stay ahead of technology and process developments as you grow your business.

Tap into an expertly designed curriculum that focuses on business, technology, and critical skills

Tap into an expertly designed curriculum that focuses on business, technology, and critical skills

Participate in courses limited to 20 students to develop a closer connection to faculty and peers

Participate in courses limited to 20 students to develop a closer connection to faculty and peers

Study at a top-tier business school with experience built into its DNA

Study at a top-tier business school with experience built into its DNA

Take part in our optional domestic campus residency where you can meet fellow online students on campus

Take part in our optional domestic campus residency where you can meet fellow online students on campus

Take part in our optional domestic campus residency where you can meet fellow online students on campus

Graduate in as few as two years

Online MBA with a Concentration in Innovation Entrepreneurship

A rocket ship surrounded by images of innovation entrepreneurship.

Business evolves rapidly, and innovation is setting the pace of this change. Northeastern University’s Online Master of Business Administration with a concentration in Innovation Entrepreneurship can help you build the knowledge and skills you need to stay one step ahead of technology and trends as your business grows.

True business innovation requires sharp professionals to stay informed on new and emerging strategies and technological advances as they optimize existing operational methods. The curriculum for Innovation Entrepreneurship provides an in-depth look at essential concepts in business innovation, covering topics such as concept development and testing, day-to-day operations management for small businesses, sustainable development, business plans and debt financing, value creation in emerging economies, and social entrepreneurship.
Three of your five electives must be from the following courses:

Where Can Earning an MBA in Innovation and Entrepreneurship Lead?

Graduates of Northeastern’s Online MBA with a concentration in Innovation Entrepreneurship can pursue a wide array of career paths in numerous industries. Possible positions include product development manager, director of business development, director of product development, sales manager, vice president of business development, and chief technology officer. Specific roles, job titles, and salaries may vary depending on an individual’s experience, education level, location, and employer.

Product Development Manager

Product development managers are essential to ensure that the right product gets in front of the right person at the right time. They often work with sales and marketing teams to develop cohesive strategies that can effectively and efficiently target customers. The role may be ideal for those interested in using an MBA to transition into a career that emphasizes the analytical side of business strategy.

A product development manager makes a median annual salary of $83,200. Responsibilities include analyzing product penetration and performance in the consumer market, analyzing market to identify current and future product needs, collaborating with sales and marketing teams to develop new business opportunities, and aiding in promoting products in ways that align with current customer attitude.

Product Development Manager Job Description

Product development managers analyze consumer markets to gauge product performance. They also track consumer trends and work with companies’ marketing teams to build innovative business opportunities that address product needs. After a product is on the market, they help shape promotional strategies that best meet the disposition of current and prospective consumers.

Product Development Manager Salary

According to February 2021 data from PayScale, the median annual salary for product development managers was approximately $83,200. PayScale also notes those with 10 to 19 years of experience in the field earned approximately $99,000, and the top 10% of earners made approximately $124,000.

Director of Business Development

Directors of business development are the driving forces behind organizational sales strategies. Their creative planning aims to grow market presence by streamlining sales and marketing to match companies’ overall growth plans. The role may be of interest to people who want to apply their MBA degree toward an advanced sales or marketing role.

A director of business development makes a median annual salary of $105,000. Responsibilities include developing and implementing marketing and sales strategies that align with corporate growth, helping align a company’s operational processes, overseeing a company’s various sales processes, and providing sales presentations for a company’s current and potential client base.

Director of Business Development Job Description

Those in director of business development roles implement and oversee sales and marketing strategies, carefully guiding them to ensure that they match corporate growth strategies. They also oversee operational and sales processes so they run efficiently. Additionally, those in the role sometimes provide sales presentations for existing and prospective clients.

Director of Business Development Salary

According to February 2021 data from PayScale, the median annual salary for directors of businesses development was approximately $105,000. Location may affect the salary; for example, directors of business development in San Francisco earned 39% above the median, and those in New York earned 13% above the median.

Director of Product Development

Directors of product development work to ensure that a product is ready to hit the market on time, whether it is new or redesigned. They work with creative teams to keep the developmental process on schedule and on budget. The role is advanced and could be ideal for MBA graduates interested in combining creative flair with business experience.

A director of product development makes a median annual salary of $124,100. Responsibilities include creating and implementing an organization’s product development strategies, implementing methodologies to efficiently guide the product development process, setting an organization’s annual performance goals, and implementing best practices for a company’s product designers.

Director of Product Development Job Description

Directors of product development oversee strategies for product development, from design to implementation. Those in the role oversee efficiency in product development, implementing best practice metrics for product designers. They also commonly set annual performance goals related to product development and staff evaluation.

Director of Product Development Salary

According to February 2021 data from PayScale, the median annual salary for directors of product development was about $124,100. PayScale further reports that those in the role with 10 to 19 years of experience earned about $134,000, and the top 10% of earners made about $170,000.

Sales Manager

Sales managers ensure that sales strategies run smoothly, guiding sales teams toward reaching sales goals. Ultimately, those in the role add structure and guidance to the often hectic, fast-paced world of sales, potentially helping to enhance profitability. The role may appeal to individuals interested in using their MBA to transition to a high-level sales career.

A sales manager makes a median annual salary of $126,600. Responsibilities include directing a company’s sales team, developing an organization’s sales goals and strategies based on data analysis, aligning sales strategies with customer preferences and tendencies, and coordinating training programs for a company’s sales staff.

Sales Manager Job Description

In addition to directing sales teams, sales managers use their analytical skills to create and develop sales strategies, shaping them to align with the attitudes and buying habits of the target audience. Sales managers also occasionally take on the role of trainer, coordinating various training programs for sales teams.

Sales Manager Salary

According to 2019 data from the U.S. Bureau of Labor Statistics (BLS), the median annual salary for sales managers was approximately $126,600. The field that a sales manager works in can affect the salary; for example, the BLS reports that sales managers in finance and insurance made around $156,000, while those in manufacturing roles earned around $135,000.

Vice President of Business Development

Vice presidents of business development are the “idea people” of sales and marketing departments. They set the groundwork for how these departments function, from creating new concepts based on market functionality to establishing operational guidelines. The role is senior and is a good next step for individuals who’ve gained experience as directors of business development.

A vice president of business development makes a median annual salary of $135,500. Responsibilities include developing and executing an organization’s sales and marketing strategies, overseeing negotiation of new customer contacts while managing existing contracts, creating strategies that strive to achieve an organization’s development goals, and developing a strategic network of contacts to help facilitate growth strategies.

Vice President of Business Development Job Description

Vice presidents of business development create sales and marketing strategies and work with business development teams to ensure that these plans are implemented properly. They also typically oversee contract negotiations with clients. Additionally, they cultivate a vast network of contacts to help advance organizational growth strategies.

Vice President of Business Development Salary

According to February 2021 data from PayScale, the median annual salary for vice presidents of business development was about $135,500; the top 10% of earners made about $200,000. PayScale also notes that individuals holding this title typically earn higher median annual salaries in San Francisco (33% above the median), Los Angeles (13% above the median), and Washington, D.C. (12% above the median).

Chief Technology Officer

CTOs are senior-level executives who oversee a company’s use of technology, from assessing technology needs to figuring out ways to integrate technology into growth strategies. The role may be ideal for individuals with a deep interest in technological innovation and a strong background in technology backed by roughly 10 to 15 years of experience.

A chief technology officer makes a median annual salary of $162,700. Responsibilities include overseeing an organization’s technological needs and strategies, conducting research and development of a company’s potential tech goods, developing policies and procedures for a company’s technology, and building financial strategies to optimize profitability.

Chief Technology Officer Job Description

CTOs assess technology needs and oversee research and development concerning technology components and infrastructure. Those in CTO roles also develop technology-based policies and procedures and build financial strategies around companies’ current and potential technologies to ensure maximum profitability.

Chief Technology Officer Salary

According to February 2021 data from PayScale, the median annual salary for CTOs was around $162,700; the top 10% earned around $245,000 (the salary for the top 10% approached $294,000 when including bonuses, profit sharing, and commissions).

Get Ready for the Future

Innovation drives progress. Those with the knowledge and skills needed to harness the power and possibilities of forward-thinking ideas can play a major role in how business evolves for years to come.

Northeastern’s Online MBA with a concentration in Innovation Entrepreneurship can help prepare you to emerge as a leader poised to shape the future of business. Learn how our program can help you take your career to new heights.

Sources:
G2, What It Takes to Become a Great Sales Manager (+Salary)
Investopedia, “Business Development: The Basics”
Investopedia, “Chief Technology Officer (CTO)”
PayScale, Average Business Development Director Salary
PayScale, Average Chief Technology Officer (CTO) Salary
PayScale, Average Director, Product Development Salary
PayScale, Average Product Development Manager Salary
PayScale, Average Vice President (VP), Business Development Salary
U.S. Bureau of Labor Statistics, Sales Managers

Graduate Certificates

Northeastern also offers a selection of online graduate certificates in seven relevant business topics. In these focused programs, you’ll take four to five graduate courses and tailor your learning experience to suit your goals. All certificate coursework is designed and taught by the industry-active, expert faculty from the world-class D’Amore-McKim School of Business.

Earn an online graduate-level credential in as few as five months, or take up to two years to complete. Upon completion of your graduate certificate program, you may be able to further your business education by applying your credits toward an eligible master’s degree such as Northeastern’s Online MBA or Part-Time MBA.

Graduate certificates are available in:

  • Accounting and Financial Decision Making
  • Business Administration
  • Corporate Finance
  • Corporate Renewal
  • International Business
  • Marketing
  • Supply Chain Management