It's one thing to learn how to crunch numbers for an investment bank, quite another to start the next Microsoft, Google or even a decent restaurant.
Small businesses account for a little over half the output of the U.S. economy. If trade and productivity are an economy's twin engines of growth, entrepreneurship is the rocket fuel. The big question: Where will the next generation of entrepreneurs come from?
For keepers of the Ivory Tower, the answer is Karan Goel. Just 23 years old, Goel is the CEO of PrepMe.com, an online test preparation company he founded with two friends after bagging an M.B.A. in entrepreneurship and finance from the University of Chicago. Goel says he could have started his company without the business degree, but he's glad he plunked down the $80,000. Now, just 18 months later, PrepMe.com boasts 13,000 customers at $300 to $1,000 per individual course.
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