This study uses detailed longitudinal matched employer-employee data to examine the impact of entrepreneurial experience on job assignments, careers, and wages. The results suggest that there are significant differences in career mobility between former business owners and individuals who were always wage employees. While former business owners are, on average, paid less than other workers in the same hierarchical level, they enter firms at higher job levels and progress faster up the hierarchy, earning a labor market premium for entrepreneurial experience. The worker-firm match plays a significant role in generating this result, which contradicts previous empirical works on the subject.