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With the aspiration of finding out what schools can do to improve instruction, curriculum, facilities, and support to improve academic programs related to entrepreneurship, this study aims to develop a causal model of entrepreneurial propensity of students in selected colleges and universities in Cagayan de Oro City, Northern Mindanao, Philippines. This study is anchored on the assumption that school factors, personality, intention and motivation may influence entrepreneurial propensity of students. Four-hundred ninety-eight (498) 4th year business-related students were respondents of this study. Using Structural Equation Modelling (SEM), a best fit model for entrepreneurial propensity was found. The model proposed that entrepreneurial propensity is best predicted by intention, school factors, and motivation - which indicates that regardless of personality, students are likely to choose entrepreneurship as a career path in the future when significant others such as family or colleagues approved of that choice and if they have a strong belief that they have control of the situation. The mediating effect of school factors and intention vary positively, which was found to enhance the effect of the respondent's motivation on entrepreneurial propensity. The higher the motivation, the higher the students' propensity to become an entrepreneur. Results point to the strong influence of education, particularly curriculum and school support in developing student's entrepreneurial propensity. With the right combination of curriculum and facilities & support, especially when the academe is geared towards integrating both factors to entrepreneurship as part of their student development, enhances the effect of motivation and entrepreneurial propensity. [ABSTRACT FROM AUTHOR]