Arizona State University’s W. P. Carey School of Business has been named the top MBA program for entrepreneurship in the United States and No. 2 in the world for 2025. This is a major jump from last year’s ranking, where ASU placed sixth. “This top ranking is incredibly gratifying for the school,” said Charles J. Robel, Dean and W. P. Carey Distinguished Chair in Business.
“ASU is known for being No. 1 in innovation, and it follows that our business school should be deeply committed to entrepreneurship.”
The ranking methodology looks at 16 data points collected from school surveys. These include the percentage of MBA elective courses focused on entrepreneurship, the number of members in the school’s main entrepreneurship club, Incubator or accelerator space available, and startup award money available to MBAs.
ASU entrepreneurship MBA ranked first
The W. P. Carey MBA provides extensive support for students interested in starting a business. The program includes a core course in entrepreneurship, specialized courses, and related electives. The curriculum helps students develop skills in idea generation, opportunity assessment, concept development, resource acquisition, funding, managing growth, and harvesting the business.
“Our entrepreneurship courses put students in the shoes of an entrepreneur, helping them develop critical thinking to make business decisions in real-time with limited information,” said an associate dean for graduate programs at W. P. Carey. Mike Shufeldt, an MBA graduate from 2023 and founder of Ignite Healthcare Solutions and Xcellerant Ventures, credits the Executive Connections mentorship program at ASU’s full-time MBA with being key to his success.
“I meet and talk to my mentor, a lifelong entrepreneur, to this day,” he said. He’s been there for me to bounce ideas off and talk about business growth. I’m thankful for the lasting connections I made in the program.”
ASU’s rise in the rankings places it ahead of prestigious institutions such as the University of Michigan, Duke University, and UCLA.
The ranking serves as an external marker of the school’s ongoing commitment to developing an entrepreneurial mindset throughout its programs and operations.
