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The entrepreneurial landscape grows increasingly difficult to navigate as millions of new businesses enter the global market every year, bringing with them a multitude of business owners and consultants. Competition is tough — with only around 70% of small businesses making it past their first two years, and only half succeed beyond their fifth year.
This is where ESCP Business School’s MBA can help.
Established in 1819, ESCP prides itself on being the world’s first business school. Their mission is to develop the next generation of transnational business leaders, inspiring them to make an impact on the world by tackling environmental and social challenges faced by our societies and economies.
The multi-accredited institute ranked fourth among 90 European schools in the 2023 Financial Times. Their MBA programme is among the most impressive worldwide, and over 80,000 graduates from ESPC are thriving in their respective fields in over 190 countries. The MBA programme offers students the opportunity to live in up to three of the school’s five campuses located in Berlin, London, Madrid, Paris, Turin. Of the five campuses, Madrid and Turin are the final cities students can select from to complete their specialisations in their third and final period of the MBA programme.
ESCP’s MBA programme in Madrid offers two specialisations in particular that will significantly benefit any aspiring entrepreneur, or anyone seeking to advance their consulting skills. The Entrepreneurship and Consultancy specialisations are designed to equip students with versatile and applicable skills, ensuring they are well-prepared for various roles, industries, and organisational settings.
To rethink, reevaluate and reshape their mindsets – such is the goal of the Entrepreneurship specialisation. This is where students are trained to adopt a unique mindset that helps them understand the entrepreneurial world beyond theory and numbers. They study how successful entrepreneurs think and act, all while learning to identify new business opportunities and make informed decisions.
ESCP students taking turns speaking during a presentation. Source: ESCP Business School
“A successful entrepreneur is someone who aligns ambitions and mindsets,” says Niko Muñoz, professor emeritus in charge of crafting the Entrepreneurship specialisation at ESCP. “In order to forge this type of individual, the Entrepreneurship specialisation at ESCP will offer students a well-balanced education, merging deep theoretical insights with practical exercises.”
Munoz believes that a successful entrepreneur can harness their resources — no matter how limited — and create engaging marketing strategies. Most importantly, a good entrepreneur is always aware and knows how to respond to the ever-evolving needs of their target audiences. “With ESCP’s robust training, students are poised to excel in fields like investment banking, venture capital, and in evaluating the potential of new businesses,” Munoz adds.
Like the Entrepreneurship specialisation, the Consultancy specialisation at ESCP extends beyond theoretical knowledge. The content of these courses is tailored to help students develop the techniques needed to excel in the consulting industry from both conceptual and practical points of view. Students focus on sharpening soft skills in practical environments to become well-rounded consultants.
An induction seminar at ESCP Business School. Source: ESCP Business School
While hard skills like number crunching are crucial, soft skills often become the differentiating factor. Call it people skills, life skills, life management skills, or emotional intelligence, having any and all is crucial to advance a consulting career. You need to know how to work in a team, communicate clearly and manage the people around you. This ESCP specialisation harnesses your skills in all three.
“The MBA Consultancy specialisation is the perfect avenue to amplify a professional trajectory,” says Alejandro Ruiz, professor of Consultancy at ESCP. “Our students are far better prepared than any other candidates for consultant or management positions.”
“The curriculum also ensures students grasp economic consulting to understand the financial nuances of organisations, enabling them to spot inefficiencies,” says Ruiz. “It requires working hard, being fully committed to the studies and being eager to learn from any course activity or assignment. However, I have no doubt it is worth it.”
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