As entrepreneurship education has become increasingly prevalent in higher education, its broader consequences for students' career development have attracted growing attention. Supporters argue that entrepreneurship programs generate long-term value by cultivating transferable skills that benefit participants beyond venture creation. Critics, however, contend that such programs may crowd out other educational investments and potentially undermine academic and labor market outcomes. Despite ongoing debate over its net impact, existing research has focused primarily on whether entrepreneurship education increases entrepreneurial activity, leaving its effects on broader career trajectories underexplored. Drawing on ten years of longitudinal data from a university startup incubator, this study examines the impact of an entrepreneurship education program by comparing the post-graduation career trajectories of accepted and rejected applicants. The results show that exposure to entrepreneurship education does not necessarily increase entrepreneurial activity immediately after graduation. However, participation is associated with sustained career advantages, even among students who do not pursue entrepreneurship in the short term. Specifically, participants demonstrate better job matching, as reflected in higher earnings, longer tenure with their initial employers, and greater stability in occupational type. These findings provide empirical evidence that entrepreneurship education can generate enduring positive returns in the broader labor market. They also offer important implications for universities and organizations evaluating whether to invest in entrepreneurship programs, suggesting that the value of such programs extends beyond the creation of new ventures.