MBA in Oil and Gas Management

Master of Business Administration (MBA) programme specialised in Oil and Gas Management, often known as MBA in Oil and Gas Management is a two-year postgraduate MBA degree programme. The exploration, extraction, processing, transportation, storage, trading, and marketing of crude oil and natural gas are all aspects of Oil and Gas Management. This course covers an overview of the global energy sector as well as emerging industry trends. For many years, the Oil and Gas Management business has been expanding. Several reasons have contributed to this expansion, including greater demand, new technology, expanded exploration, and more efficient extraction methods.

Students will learn the principles of petroleum engineering, business management, economics, law, and environmental science as part of their MBA in Oil and Gas Management. Furthermore, domain experts are required in the Oil and Gas Management sector to perform managerial, techno-managerial, commercial, and functional tasks.

The MBA programme is available to aspirants in a variety of forms, including full-time MBA, part-time MBA, distance learning MBA, online MBA, executive MBA, and 1-year MBA, all of which are designed to build the necessary managerial skills for the Oil and Gas industry. Aspirants must have a bachelor's degree qualification from a recognised university in a relevant field of study to pursue MBA in Oil and Gas Management. Apart from that, aspirants also have to pass entrance exams like CAT, XAT, MAT, CMAT, NMAT, GMAT, UPESMET, OPENMAT, etc., for the admission process. 

University of Petroleum and Energy Studies, Rajiv Gandhi Institute of Petroleum Technology, Institute of Energy Management and Research, Pandit Deendayal Energy University, MIT School of Technology Management, and others are among the top MBA Oil and Gas Management colleges in India. Aspirants typically pay anywhere between INR 5 lakhs and INR 18 lakhs for the training.

After earning an MBA in Oil and Gas Management, graduates can pursue further studies (Ph.D., MPhil, etc.) in the same discipline or apply for a variety of job opportunities in the Oil and Gas industry. They can function as an Operations Manager, Supply Chain Manager, Customer Relations Manager, Brand Managers, Gas Marketing and Business Managers, Corporation Planning and Strategy Managers, Business Analysis Operations Management, Accounting Manager, and more. Graduates with limited work experience can expect to earn between INR 4-10 lakhs per year upon completion of this programme. The income might reach sky-high limits as work experience, skills, academic qualifications, and other factors increase with time.

Here are the highlights of the MBA in Oil and Gas Management course:

The oil and gas sectors are two of the most important industries in the world today. It has had an important role in developing the world we live in today. Oil and gas, as one of the six essential industries, offers numerous opportunities waiting to be seized. The younger generation of professionals, including MBA grads and engineers, can capitalise on chances in the ever-expanding Oil & Gas industry. So, even if there are various MBA specialisations available, why should somebody seek an MBA in Oil and Gas Management?

To address this, here are the top five reasons why obtaining an MBA in Oil and Gas Management can help you advance anyone's career:

• Phenomenal Demand: Not only is there a huge need in India, but the oil and gas business is one of the largest in the world. Whether it is petroleum, natural gas, or renewable energy, consumption is increasing and is expected to increase by 5% or more every year. The expanding usage trend will undoubtedly enhance demand for specialists in the next years.
• Lucrative Salaries: The oil and gas industry is one of the highest paying in the country. When you complete your MBA in Oil and Gas Management, you are likely to be placed by the university. Expect a salary of roughly INR 6 lakhs to INR 10 lakhs per annum as a beginner in the business, which can rise even higher with the rising skillset, work experience, education qualification, and so on.
• Interesting Career Path: Without a doubt, there are numerous career prospects for management experts in the Oil and Gas business. The job path, however, is extremely exciting. Not only is an MBA in Oil and Gas Management a highly diverse topic of study, but individuals can also pursue a variety of job routes. After earning an MBA in Oil and Gas Management degree, graduates can pursue their own career path as they are prepared to work in all domains, from operations to management, finance, sales, purchase, and marketing.
• Many Learning Opportunities: Working in the Oil and Gas business provides numerous opportunities for learning. Because the Oil and Gas industry is dominated by Fortune 500 companies, professionals receive greater exposure than they would elsewhere. Furthermore, the functions are diversified, and MBA graduates work in a variety of fields. There are also opportunities to work abroad, which provides a unique professional and cultural experience. Students can choose their own professional path and can learn a lot from the Oil and Gas industry. 
• Stable Business: Since the Oil and Gas industry is a core industry, job opportunities are plentiful. The industry is in high demand, and people who work in it often do so for the rest of their lives. There are also no job losses or layoffs, as in the IT sector. Students seeking an exciting yet steady job can benefit from an MBA in Oil and Gas Management degree.

The energy market is one of the most crucial markets for the global economy and is one of the most profitable industries. This MBA in Oil and Gas Management is therefore offered in various formats so that students get highly valued insight into the industry and get an idea of the contemporary issues in the market. Here is a detailed discussion of the types of MBA Oil and Gas Management:

MBA Oil and Gas Management Full-Time

A two-year full-time MBA Oil and Gas Management is the most common type of MBA that students pursue in regular mode. Enrolling in a full-time MBA will allow students to interact with their professors and peers and participate in regular classroom learning and practical training. It is a full-time commitment and students have to attend all the activities conducted by the university.

MBA Oil and Gas Management Part-Time

Part-time MBA Oil and Gas Management do not require students to dedicate fully to the course. They can attend classes in the evenings or during the weekends. They also get the opportunity to tailor their programme according to their suitability. The time required to complete this course is generally longer. 

MBA Oil and Gas Management Online/Distance

MBA Oil and Gas Management online or distance course is a two-year postgraduate management degree for students or working professionals who want to secure managerial positions in the industry. Though in distance mode, this course offers students intensive knowledge of subjects like Economics, Management Decisions, Research Methodology and Fundamentals of Petroleum Exploration, etc. 

Aside from a Bachelor's degree in a relevant field of study or any other equivalent qualification from a recognised institution or university, aspirants must also pass an entrance exam accepted by the university offering the MBA in Oil and Gas Management programme, as admissions are based on merit and cut-off lists established by the universities. Some of the most popular entrance exams for an MBA in Oil and Gas Management programme are enlisted below:

• CAT
• CMAT
• NMAT by GMAC
• XAT
• MAT
• UPESMET
• GMAT
• OPENMAT, etc.

The eligibility criteria for an MBA in Oil and Gas Management degree are the same as for any other MBA programme. However, admission requirements differ from one college to the next. The following are the general qualifying requirements that candidates must meet in order to pursue this MBA degree:

• Candidates must hold a Bachelor's degree in a related field of study, such as a BBA in Oil and Gas Management, or an equivalent certification from a recognised institution or university.
• Aside from that, aspirants for this programme must attain a graduation grade point average of at least 50% or an equivalent grade.
• Students are also chosen by colleges and universities based on their performance on entrance examinations (such as the CAT, CMAT, NMAT, MAT, XAT, UPESMET, GMAT, and others), personal interviews, and group discussions.

Admission to the MBA in Oil and Gas Management postgraduate programmes is based on national/state/university level management exams. Candidates can appear in either CAT (Common Admission Test), which is the most widely used entrance exam used by business schools in India for admission to MBA programmes. Aside from that, additional admission tests for hopefuls to pursue an MBA in Oil and Gas Management degree include CMAT, MAT, NMAT, UPESMAT, GMAT, XAT, OPENMAT, and others. After passing their admission exams, individuals can now apply online or offline to universities and schools that offer MBA in Oil and Gas Management programmes. After filling out the application form and submitting all the necessary documents and academic records, candidates have to appear in PI (personal interview) and GD (group discussion) for admission to prove their final credibility.

Candidates who have any query regarding admission process of MBA in Oil and Gas Management may ask questions on the Collegedekho QnA zone. 

First Year

Second Year

MBA Oil and Gas Management imparts education in economics and contracts of petroleum, renewable energy, risk management, and environment management. 

• The core modules focus on providing general management skills needed in the profession such as project management and quality control, health and safety and marketing techniques.
• The elective subjects include Advanced IT Applications For Oil and Gas Industry, Oil and Gas Law and Policy, Energy and Utilities, Advanced Petroleum Marketing, Understanding Petrochemical Business and Energy Derivatives and Risk Management.
• Students will be able to utilise their knowledge and skills in an applied business context for a client organisation in Oil and Gas Industry. 

The MBA in Oil and Gas Management is offered by handful institutions in India. The renowned ones are given below:

MBA in Oil and Gas Management abroad will help students hone management skills related to the specific needs of the oil and gas sector, giving practical experience and priceless insights that will significantly affect their careers. Students will get the opportunity to see the complexities of management within the extractive industry and will understand the interconnections between different value chains. They will gain competence to safely manage projects while keeping the environmental and safety legislations in mind. The colleges providing MBA Oil and Gas Management Abroad are:

The course fee for MBA Oil and Gas Management can be anywhere between INR 3 lakhs to INR 20 lakhs. While the tuition fees at government varsities are reasonable and affordable, private institutes charge high tuition fees. In the table below, students can check out the fees charged by various universities for an MBA in Oil and Gas Management: 

Studying MBA in Oil and Gas Management opens doors to many high-paying career opportunities across different industrial sectors. They get to work in different public and private setups. The entry-level salary for this particular specialisation is around INR 5 to 10 lakh. A variety of factors affect the salary of individuals and these are interpersonal skills, knowledge of business and expertise in the area. Some of the job roles and their average annual salary are given below:

The petroleum and energy industry is one of the largest industries in the world. Energy is one of the basic requirements that contribute to the development of any country and the demand for energy resources such as petroleum is high in every major or minor economy around the world. Hence, an MBA in Oil and Gas Management course not only as a career scope in the domestic market but also abroad.

In India, the energy industry sees an increasing trend in the demand and not only is the production capacity of existing energy resources being increased but at the same time, new energy resources are also being researched to take care of the insatiable demand for energy arising from the households, offices and industries of India.

This is an industry that promises limitless growth to talented individuals. This is Oil and Gas Management is one of the popular specializations of MBA in India. There are excellent career opportunities for MBA in Oil and Gas Management course since the course provides holistic knowledge of the industry and makes graduates eligible to join a number of different scores of the energy industry.

Some of the key hiring areas of MBA in Oil and Gas Management include:

• Refinery Management

• Oil Exploration

• Energy Generation

• Oil and Gas Production Companies

• Energy Infrastructure

• Oil Marketing

• Energy Consulting Companies

• Petrochemical Businesses etc.

Given below are some of the job profiles available after MBA in Oil and Gas Management.

• Maintenance Manager

• Oil and Gas Analyst

• Sales Manager

• Energy Consultant etc.

MBA Oil and Gas Management professionals must possess essential skills and knowledge related to the subject to work in the field. Students must have skills to understand the business from the perspective of the value chain and they must be able to analyse strategies of major organisations and determine the issues of the energy market. They must have an understanding of

• Generation, migration, accumulation and exploration of petroleum
• Distribution transmission and transportation of oil and gas products
• Petroleum industry and petroleum economics
• Contracts, Joint Ventures and Fiscal Regimes
• Financial and Energy Risk Management
• Successful negotiation
• Leadership and effective management skills