An MBA in Entrepreneurship is an advanced degree that notes students who have learned to make their own way in the business world. Participants in this program might boast an understanding of leadership, management and project-building skills that are necessary for creating a successful business.

One characteristic of Iceland's higher education system is a four-year course. After completion of undergraduate degree, The University of Icleand often have scholarships for those students who may want to further studies to master’s and doctorate levels. It is based in Vesturbær, Reykjavik and was founded in 1911.

A bachelor's degree is given to students who fulfill the necessary requirements given by the college or university they are attending. The requirements include three to seven years of focus on a subject, typically referred to as a major or concentration.