MBA Oil and Gas Management: Course Details, Eligibility, Admission, Fees

Roumik Roy

MBA in Oil and Gas is a two-year postgraduate course that focuses on various aspects of the energy sector. MBA in Oil and Gas Management deals with the intricacies of the oil and gas industry, offering insights into energy economics, project management, environmental regulations, and global energy markets. 

MBA in Oil and Gas Management admission is either merit-based or through entrance exams like CAT or MAT, varying across institutions. Eligibility necessitates a minimum of 55% in a bachelor's degree, with a 5% relaxation for candidates from reserved categories. The average fee for this course ranges from INR 44,000 - 71,000.

What is MBA in Oil and Gas Management?

MBA in Oil and Gas Management spans over two years and is divided into four semesters. The MBA Oil and Gas Management course delves deep into subjects such as energy policy, risk management, and sustainable practices. Graduates emerge with a robust understanding of management principles and the Oil & Gas industry.  

The program falls under the umbrella of MBA courses and its objectives encompass developing analytical skills, leadership, and domain-specific expertise. MBA Oil and Gas Management graduates are prepared for roles in traditional oil and gas, emerging renewable energy, and related industries.

Eligibility Criteria for MBA in Oil and Gas Management

The MBA in Oil and Gas management eligibility criteria may differ across universities. A general outline of the eligibility requirements that candidates must meet can be listed as follows

• Candidates must possess a bachelor's degree with a minimum of 55% aggregate marks.
• Relaxation of 5% for candidates from reserved categories.
• Attainment of necessary cutoff scores in entrance exams CAT, MAT, CMAT, etc.
• Final-year students awaiting results can also apply

Why Choose an MBA in Oil and Gas Management Course?

Choosing an MBA in Oil and Gas Management offers distinct advantages for students aspiring to excel in the energy industry. Listed below are some reasons why one should pursue an MBA in Oil and Gas Management:

• The MBA in Oil and Gas Management syllabus covers a wide range of vital subjects, including energy economics, project management, environmental regulations, and global market trends.
• Graduates with an MBA in Oil and Gas Management often enjoy lucrative remuneration packages, of up to INR 27 LPA as reported by UPES, Dehradun.
• With the India Oil and Gas Market anticipated to reach 36.24 Billion cubic meters in 2023 (CAGR 5.20%), the burgeoning demand for skilled professionals in the sector creates an opportune environment for pursuing an MBA in Oil and Gas Management.
• As the world shifts towards cleaner energy sources, the program equips students to address environmental considerations within the energy sector, contributing to industry-wide sustainability goals.

MBA in Oil and Gas Management Admission Process 2023

Admission for an MBA in Oil and Gas Management is either merit-based or entrance-based, depending on the institution. Listed below is the step-by-step admission process across most universities

• Step 1: Eligible candidates can apply online through the designated web portal or by visiting the campus.
• Step 2: Applicants might need to submit necessary documents such as academic transcripts, entrance exam scores, and identification proof.
• Step 3: After the submission deadline, a merit list of selected candidates will be published.
• Step 4: Shortlisted candidates will be invited for further evaluation, which could include group discussions and personal interviews.
• Step 5: Successful candidates will receive admission offers, and they can complete the formalities either online or in person.

MBA in Oil and Gas Management Entrance Exams

Admission to MBA in Oil and Gas Management programs in some universities is contingent upon entrance exam rankings. These exams are administered nationally, at the state level, and by universities. Aspiring candidates have the flexibility to choose their preferred entrance exam based on their comfort with difficulty levels and competition. Listed in the table below are some popular entrance exams for MBA aspirants

Top MBA in Oil and Gas Management Colleges in India with Fee Details 

The following are the top colleges for MBA in Oil and Gas Management along with their average course fees

MBA in Oil and Gas Management Cut-off

UPES, Dehradun accepts scores of entrance exams for admissions to their MBA program. Listed below is the expected cut-off for admission to MBA in Oil and Gas Management via scores from entrance exams.

Types of MBA in Oil and Gas Management

MBA in Oil and Gas Management is available in various formats. Listed below is an overview of the types of MBA in Oil and Management available for students depending on their needs.

Part-Time MBA in Oil and Gas Management

Designed for working professionals, this program allows individuals to balance their job commitments while pursuing higher education. Classes are usually held during evenings or weekends. Important details about the program include

• The course duration spans 2-3 years.
• The average annual fee structure starts from INR 70,000. 

Online MBA in Oil and Gas Management

A flexible option that allows students to access course materials and lectures online. Suited for those seeking to balance studies with other commitments. Key components of the program include 

• The duration varies from 1 - 2 years.
• Sessions include webinars and online presentations.
• The average fee ranges up to INR 50,000.
• Amity University offers an online MBA in Oil and Gas Management.

Distance MBA in Oil and Gas Management

Similar to online MBA, distance education provides study materials through physical or digital means. Ideal for students who prefer self-paced learning. Some key features include

• The duration varies from 1.5 to 2 years.
• The average fee ranges from INR 70,000 up to INR 1 LPA.
• Distance MBA in Oil and Gas Management is offered by IGNOU.

Syllabus and Subjects for MBA in Oil and Gas Management

MBA in Oil and Gas Management syllabus is structured into four semesters. During the initial two semesters (1st and 2nd), the emphasis is on foundational general management courses. The subsequent two semesters are dedicated to specialized subjects within the oil and gas industry, culminating in the final semester with a dissertation or an industry project. Listed in the table below is a detailed overview of the MBA Oil and Gas Management subjects

Read more: MBA Oil and Gas Management Syllabus and Subjects

MBA in Oil and Gas Management vs. MBA in Energy Management

MBA in Oil and Gas Management is more industry-focused on oil and gas and related sectors, MBA in Energy Management encompasses energy sources and sustainable practices in various energy sectors. Listed in the table below are some of the key differences between the two MBA courses.

Salary After MBA in Oil and Gas Management

Salaries after completing an MBA in Oil and Gas Management can range widely based on factors like role, experience, and location. In India, fresh graduates may earn around INR 3-5 LPA, while mid-level professionals could earn INR 7 - 12 LPA. Listed in the table below is an overview of the average salary after an MBA in Oil and Gas Management:

[Source: AmbitionBox]

Courses After MBA in Oil and Gas Management

After completing an MBA in Oil and Gas Management graduates can pursue higher education to improve their employability and build credibility. Listed below are some courses that can be pursued further after graduation

• Ph.D. in Energy Management or Oil and Gas Studies
• Fellow Program in Management
• Executive MBA (EMBA)
• Industry Training and Professional Development

Career Options After MBA in Oil and Gas Management

The dynamic oil and gas industry is characterized by growth and evolution, and a multitude of job opportunities can be accessed after completion of an MBA in Oil and Gas Management degree. Graduates can explore diverse job opportunities including:

• Energy Consultant
• Project Manager
• Business Analyst
• Sustainability Manager
• Renewable Energy Manager
• Oil Trader
• Risk Analyst
• Government Regulatory Analyst
• Sales and Marketing Manager
• Financial Analyst

Top Recruiters

In India, prominent companies actively recruit professionals with an MBA in Oil and Gas Management degree. Some of the top recruiting companies in this field include:

[Source: AmbitionBox]

MBA in Oil and Gas Management Scholarships

Students pursuing an MBA in Oil and Gas Management have access to scholarships that offer financial assistance based on merit, need, diversity, and industry focus. Institutions, government bodies, industry associations, and foundations provide these scholarships, easing the financial burden and enhancing accessibility to quality education. Listed below are some popular scholarships

Skills for MBA in Oil and Gas Management

Students pursuing an MBA in Oil and Gas Management should cultivate a range of skills to excel in the industry.  Cultivating these skills equips MBA in Oil and Gas Management students to excel in their studies and make meaningful contributions to the energy sector. Key skills include

• Energy Sector Acumen: In-depth understanding of the oil and gas industry's dynamics, trends, and challenges.
• Regulatory Compliance: Knowledge of environmental regulations, safety protocols, and legal frameworks specific to energy.
• Strategic Decision-Making: Skill to make informed decisions aligned with industry demands and organizational goals.
• Energy Trading: Understanding of trading practices and market dynamics within the oil and gas sector.
• Renewable Energy Insights: Familiarity with renewable energy sources, integration, and sustainable practices.
• Global Energy Trends: Awareness of international energy market developments and geopolitical influences.

Top Management Entrance Exams

CAT

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MAT

Exam Date: May 19, 2024

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GMAT

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JEMAT

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