MBA in Oil and Gas Management is a 2- year postgraduate course in judicious management of fuels. Fuel being an indispensable need for sustenance, the oil, gas and petroleum industries are constantly revolutionizing themselves, looking for fuel-efficient methods and more renewable sources of power. Consequently, like any other sector, this ever-expanding and demanding sector also needs efficient managers.
The course has been designed to address the growing need of energy and fuel management in the global market. The course prepares eligible candidates for career opportunities in the industry, since the Oil and Gas sector requires domain experts to deal with managerial, techno-managerial and commercial issues in functional areas such as Business Development/Marketing, Finance, Project Management, Supply Chain Management, Risk Management, Project Finance; Client Management, etc.
|Master of Business Administration in Maharashtra||Master of Business Administration in Tamil Nadu||Master of Business Administration in Punjab||Master of Business Administration in Meghalaya|
Industries pertaining to oil and gas, renewable energy, and such, hire such postgraduates both in India and abroad. Professionals of the discipline with management qualification and skills may also explore consultancy as a professional choice.
The average course fees in India ranges between INR 1 and 3 lacs for the total duration. The average annual salary offered to successful postgraduates of this field ranges between INR 8 and 10 lacs.
Top Colleges for Master of Business Administration [MBA] (Oil and Gas Management)
- MBA/PGDM in Delhi-NCR
- MBA/PGDM in Maharashtra
- MBA/PGDM in Chennai
- MBA/PGDM in Uttar Pradesh
- MBA/PGDM in Telangana
MBA in Oil and Gas Management: Course Highlights
Listed below are some of the major highlights of the course.
|Course Level||Post Graduate|
|Examination Type||Semester System|
|Eligibility||Graduate from a recognized university|
|Admission Process||Admission based on entrance test|
|Course Fee||INR 1 - 3 lacs|
|Average Starting Salary||INR 8 - 10 lacs|
|Top Recruiting Fields/Areas||Oil Companies – Indian Oil, HPCL, BPCL, ONGC, GAIL, Indigo, Gulf Air, Reliance, Essar, L&T Hydrocarbon Engineering,|
International Oil companies such as Schlumberger Asia Service, Qatar Gas, Saudi Aramco, Abu Dhabi National Oil, GASCO, Halliburton Energy services, Maersk Oil, PetroFac, Bourbon Gulf WLL, ZADCO, AUXFS Trading CO LLC, Dubai, etc.
|Common Entrance Exams||UPESMET/ CAT/ CMAT/ XAT / NMAT/ GMAT/ MAT.|
MBA in Oil and Gas Management: What is it About?
MBA in Oil and Gas Management is a 2- year long management program divided into 4 semesters. The program is taught in a format that essentially includes self-learning. The curriculum combines theoretical coursework in core topics of business administration.
It imparts to eligible candidates, advanced learning in strategic business issues across the entire hydrocarbon value chain. The program academically explores the retailing of petroleum and petroleum products and covers areas such as pricing, production, import of crude oil and LNG, acquisition of oil equity, refining and export of petroleum products, regulations, distribution of oil and gas, and petro-research. The objective is to create a strong conceptual background while imparting an exhaustive, hands-on practical learning experience.
MBA in Oil and Gas Management: Who Should opt?
Ideal candidates of the course would possess the following skills:
- A way with numbers
- Attention to detail
- Understanding of importance of renewable and nonrenewable sources of energy
- Good communications skills
- IT skills
- Excellent management ability
- Awareness of the industry’s going laws, rules, regulations, and practices.
Also, professionals in the oil and gas sector such as Engineers, Project Managers, and Technical Experts wishing to climb up the career ladder in the industry may apply for the course. Professionals from other industries wishing to explore the Oil & Gas Management sector are also suited for the course.
Top Institutes offering MBA in Oil and Gas Management
Listed below are some of the top institutes offering the course in the country with the corresponding locations and fees charged by each.
|Name of Institute||City||Average Fees in INR|
|University of Petroleum and Energy Studies - UPES||Dehradun||70,000|
|Great Lakes Institute||Gurgaon||2,40,000|
|Academy of Maritime Education and Training (AMET)||Chennai||2,92,500|
|Rajeev Gandhi Institute of Petroleum Technology (RGIPT)||Rae Bareilly||2,00,000|
|International Institute of Business Studies, [IIBS]||Bangalore||2,00,000|
|School of Management, Sir Padampat Singhania University||Udaipur||2,00,000|
|Mangalmay Institute of Management and Technology||Delhi NCR||1,20,000|
|New Delhi Institute of Management||Delhi||3,62,500|
Eligibility for MBA in Oil and Gas Management
Candidates wishing to apply for the course need to meet the following minimum eligibility criteria:
- A minimum aggregate score of 50% at both Higher and Senior Secondary levels of education (classes X and XII).
- Graduation in engineering/ B.Sc. (PCM) with a minimum aggregate score of 50% from a recognized university.
- Preference is given to candidates with a minimum of 2 years of work experience.
|Master of Business Administration in Nagalanad||Master of Business Administration in Uttar Pradesh||Master of Business Administration in West Bengal|
MBA in Oil and Gas Management: Admission Process
Admission to the course is based on the candidate’s performance in a relevant entrance exam such as UPESMET, CAT, CMAT, XAT, NMAT, GMAT, MAT, etc.
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MBA in Oil and Gas Management: Syllabus and Course Description
A semester-wise breakup of the course’s syllabus is tabulated below.
|Economics & Management Decisions|
|Quantitative Techniques for Management Applications|
|Operations & Material Management|
|Human Resource Management|
|Customer Relationship Management|
|Project Management & Contract Administration|
|Strategic Management of Technology & Innovation|
|Understanding Oil & Gas Business|
|Understanding Natural Gas Business|
|Understanding Petrochemical Business|
|Fundamentals of Petroleum Refining|
|Fundamentals of Petroleum Exploration|
|Business Policy & Strategy|
|Petroleum Law & Policy|
|Geology of Petroleum|
MBA in Oil and Gas Management: Career Prospects
Successful postgraduates of the course find lucrative career opportunities in the Oil and Gas industry, consulting firms with practice in Oil and Gas, across other multiple domain functions such as sales, operation, project management, etc., both in India and abroad.
Some of the popular avenues open to such postgraduates are listed below with the corresponding salaries offered for the respective positions.
|Job Position||Job Description||Average Annual Salary in INR|
|Energy Consultant||Their responsibility is to reduce consumption. They examine every possible option for cutting down fuel usage. This might mean implementing new technology, reversing wasteful habits, or even altering manufacturing or production processes.||10 - 20 lacs|
|Maintenance Manager||They are responsibilities vary depending on the size and function of the facility. Typically, they oversee the installation, repair and record of an employer's property, including machines, mechanical systems, buildings and other structures.||6 - 10 lacs|
|Oilfield Sales Manager||They are responsible for supervising office administration, sales and warehouse staff. They are equipped with working knowledge of all types of oilfield equipment. Their job also involves measuring, maintaining and holding the sales team members accountable for ongoing sales results.||7 - 10 lacs|
|Oil and Gas Analyst||They analyze relevant data and trends in the oil and gas industry and offer clients across the financial and energy sectors independent technical and commercial perspectives.||5 - 9 lacs|