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Friday Factoid: Think Kellogg, Think Entrepreneurship?

Let us play a quick game of word association—we will start.

“Kellogg.”

Ok, go ahead. “Entrepreneurship.” Right? No? Aspiring MBAs may be surprised to learn that Kellogg offers nearly 50 courses in this discipline and that roughly 16% of each student class typically completes an Entrepreneurship and Innovation major—defying the stereotype that Kellogg produces only marketing MBAs. As part of Envision Kellogg, the school’s strategic plan, the MBA program introduced four new impact initiatives in 2012, one of which is the Kellogg Innovation and Entrepreneurship Initiative (KIEI). Overseen by the Larry and Carol Levy Institute for Entrepreneurial Practice, the KIEI offers numerous opportunities for students to develop their entrepreneurial acumen. In bolstering the school’s offerings in this area, three new full-time hires were added to the Levy Center’s faculty in 2012–2013, bringing the total to 28 professors. In addition to business plan competitions, the Levy Center manages the Kellogg Entrepreneurial Internship Program and the Entrepreneur in Residence program, an experiential learning option through which, for a day, an experienced entrepreneur hosts half-hour sessions with students who aspire to careers in this field or are seeking advice on their already active projects.

The Heizer Center for Private Equity and Venture Capital also offers the Private Equity Internship Program, wherein rising second-year students intern with small businesses or private equity firms—receiving a $1,000 weekly stipend—to facilitate career transitions that would otherwise be challenging for those without experience. A new offering, introduced in 2013 as part of the KIEI, is the Kellogg Entrepreneurial Internship Program, which offers a $6,000 stipend to first-year students for a ten-week summer internship with a host company.

Kellogg also has an Entrepreneur in Residence program, wherein an experienced entrepreneur hosts half-hour sessions with students who aspire to careers in this field or are seeking advice on their already active projects. MBA student entrepreneurs coming from or planning to enter a family business will likely be interested to learn that Kellogg’s Center for Family Businesses not only publishes research and cases on such businesses, but also confidentially consults to family-run companies. Indeed, this is all just the tip of the iceberg…

Go beyond the stereotypes. For in-depth information on Kellogg and other leading business school programs, check out the mbaMission Insider’s Guides.




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