Currently the Smeal College offers undergraduate courses in entrepreneurship together with Penn State's College of Engineering. In this way, engineering students benefit from the exposure to business practices and the business students work on actual technology driven opportunities created within the engineering school. At the advanced planning stage is the addition of a full undergraduate entrepreneurship program within the business school.
The Smeal MBA program offers eight major portfolios including Corporate Innovation and Entrepreneurship. A similar opportunity is available in the Executive MBA Program. Students learn how to be successful entrepreneurs in three contrasting scenarios: in start-ups, within an established corporation, and within networks of corporations. Research shows that graduates with skills to execute innovation and change within complex enterprises are extremely valuable. Since more than 90 percent of Smeal MBA graduates' careers take them into large corporations, this unique clinical experience in creating and managing innovation-driven change positions them above the crowd in the job market. Each course is structured so that the students can compare and contrast the role of the entrepreneur in small and large enterprises.
Market research targeted at CEOs has shown that corporate innovation is considered the number one factor for success. Customized and general enrollment courses in the "Management of and Investment in Innovation" are offered by the highly rated Penn State Executive Education Division of the Smeal College.