MBA Oil and Gas Management: Course Details, Eligibility, Admission, Fees
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.
Table of Contents
- What is MBA in Oil and Gas Management?
- Eligibility Criteria for MBA in Oil and Gas Management
- Why Choose an MBA in Oil and Gas Management Course?
- MBA in Oil and Gas Management Admission Process 2023
- MBA in Oil and Gas Management Entrance Exams
- Top MBA in Oil and Gas Management Colleges in India with Fee Details
- MBA in Oil and Gas Management Cut-off
- Types of MBA in Oil and Gas Management
- Syllabus and Subjects for MBA in Oil and Gas Management
- MBA in Oil and Gas Management vs. MBA in Energy Management
- Salary After MBA in Oil and Gas Management
- Courses After MBA in Oil and Gas Management
- Career Options After MBA in Oil and Gas Management
- MBA in Oil and Gas Management Scholarships
- Skills for MBA in Oil and Gas Management
MBA Oil and Gas Management Course Details
| Degree | Masters |
| Full Form | Master of Business Administration in Oil and Gas Management |
| Duration | 2 Years |
| Age | No Age Restrictions |
| Entrance Exam | CAT, MAT, CMAT |
| Minimum Percentage | 55% in graduation for unreserved category and 50% for reserved categories |
| Average Fees | ₹1 - 10 LPA |
| Similar Options of Study | MBA in Energy Management |
| Average Salary | INR 3 - 12 LPA |
| Employment Roles | Energy Consultant, Project Manager, Supply Chain Manager, Oil Trader, Renewable Energy Manager |
| Top Recruiters | HPCL, ONGC, IOCL, Cairn India, Reliance Industries, Shell |
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
|
Entrance Exam |
Registration Date |
Accepting Colleges |
|
CAT |
Aug 2 - Sep 13, 2023 |
UPES, Amity University |
|
MAT |
Aug 17 - Sep 14, 2023 |
UPES, Amity University |
|
CMAT |
February 2024 (Tentative) |
UPES, Amity University |
|
NMAT |
Aug 1 - Oct 10, 2023 |
UPES, Amity University |
|
UPESMET |
May 2024 (Tentative) |
UPES |
|
OPENMAT |
May 20 - Aug 21, 2023 |
IGNOU |
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
|
NIRF Management Ranking |
Colleges |
Average Annual Fee |
|
28 |
Amity University |
INR 71,000 |
|
39 |
UPES Dehradun |
INR 70,000 |
|
- |
IGNOU |
INR 75,600 |
|
- |
NIBM Global |
INR 44,000 |
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.
|
Entrance Exam |
Expected Cut-Off, 2023 |
|
CAT |
50+ percentile |
|
XAT |
50+ percentile |
|
MAT |
70+ percentile |
|
CMAT |
70+ percentile |
|
GMAT |
400 and above |
|
NMAT |
120 and above |
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.
|
Type |
Eligibility |
Duration |
|
Full-Time MBA in Oil and Gas Management |
Bachelor's degree with a minimum 55% aggregate score |
2 Years |
|
Part-Time MBA in Oil and Gas Management |
Bachelor's degree with work experience |
2 - 3 Years |
|
Online MBA in Oil and Gas Management |
Bachelor's degree from a recognized university |
1 - 2 Years |
|
Distance MBA in Oil and Gas Management |
A bachelor’s degree |
1.5 - 2 Years |
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
|
Subjects |
Topics Covered |
|
Principles of Management |
Introduction to Management, Planning and Decision making, Organising, Directing and Leading, Coordination and Controlling, Managerial Accounting, Economics. |
|
Understanding Oil and Gas Business |
Crude Oil and Natural Gas Concepts, The Macro-system, LNG, Oil Exploration, Petrochemical Industry, Transportation of Products, Health Safety and Environment, IT Economics and Technology Trends |
|
Understanding Natural Gas Business |
Worldwide Natural Gas Economics, Natural Gas Deposits and Technical Development, Regulatory Issues in Pipeline, Natural Gas Marketing |
|
Fundamental of Petroleum Refining |
Chemistry of Petroleum, Bureau of Mines Correlation Index, Properties, Gross Refining Margin, Oil Accounting |
|
Fundamental of Petroleum Exploration |
Nature and Properties of Petroleum, NELP, Unconventional Oil and Gas, Geological Methods and Remote Sensing, Oil Well Drilling, |
|
Business Policy and Strategy |
Strategic Management, Strategy Formulation, Swot and Value Chain Analysis, |
|
Petrol Retailing Business |
Petro Industry, Customer Relationship, Production and Strategy, NELP, Supply Chain and Transportation, Pricing, OPEC, Sales and Marketing, Petroleum Industry Future |
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.
|
Parameters |
MBA in Oil and Gas Management |
MBA in Energy Management |
|
Full-form |
Master of Business Administration in Oil and Gas Management |
Master of Business Administration in Energy Management |
|
Overview |
Specializes in the oil and gas sector, covering energy economics, project management, regulations, and global markets. |
Covers diverse energy sources, sustainability, policies, and project finance across various energy sectors. |
|
Duration |
2 Years |
2 Years |
|
Eligibility |
55% in graduation for unreserved category and 50% for reserved categories |
A minimum of 45% to 50% is required in under-graduation |
|
Average Fee |
IINR 44,000 - 71,000 |
INR 1 - 4 LPA |
|
Job Role |
Energy Consultant, Project Manager, Supply Chain Manager, Oil Trader, Renewable Energy Manager, and more. |
Energy Analyst, Sustainability Manager, Renewable Energy Specialist, Energy Policy Advisor, and more. |
|
Average Salary |
INR 3 - 12 LPA |
INR 7 - 8 LPA |
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:
|
Job Role |
Description |
Average Salary (Fresher) |
Average Salary (5 Years) |
|
Energy Consultant |
Offer expertise to businesses and organizations on energy efficiency, sustainability, and cost-effective practices. |
INR 3.1 LPA |
INR 7 LPA |
|
Business Analyst |
Analyze market trends, financial data, and industry insights to provide strategic recommendations for energy companies. |
INR 4 LPA |
INR 11 LPA |
|
Renewable Energy Executive |
Oversee the development and management of renewable energy projects, such as solar or wind power. |
INR 3.5 LPA |
INR 8 LPA |
|
Government Regulatory Analyst |
Monitor and analyze energy policies and regulations, ensuring compliance within the industry. |
INR 3.8 LPA |
INR 8 LPA |
|
Financial Analyst |
Analyze financial data specific to the energy sector, aiding in investment decisions and risk assessment. |
INR 3 LPA |
INR 7 LPA |
[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:
|
Top Recruiters |
Average Salary |
|
Hindustan Petroleum Corporation Limited (HPCL) |
INR 8 LPA |
|
Oil and Natural Gas Corporation (ONGC) |
INR 11.3 LPA |
|
Indian Oil Corporation Limited (IOCL) |
INR 9 LPA |
|
Cairn India |
INR 13.8 LPA |
|
Reliance Industries Limited |
INR 8.9 LPA |
[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
|
Scholarship |
Eligibility |
Amount |
|
Students pursuing an undergraduate and postgraduate degree |
INR 48,000 |
|
|
Merit-based scholarship for full-time first-year MBA students |
Up to INR 3,000 per month |
|
|
Meritorious candidates who have passed 10 and above |
Up to 10,00,000 |
|
|
Capital First MBA Scholarship |
Indian candidates must admitted to a full-time MBA degree |
Up to 1,00,000 per annum |
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
Exam Date: May 19, 2024
FAQs on MBA Oil and Gas Management
Q: What is an MBA in Oil and Gas Management?
A: MBA in Oil and Gas Management is a specialized postgraduate program that equips students with skills to excel in the energy industry, covering topics like energy economics, project management, and global markets.
Q: What is the salary for an MBA in Oil and Gas Management?
A: Salaries vary based on roles and experience, on average the salary for an MBA in Oil and Gas Management graduate ranges between INR 3 LPA - INR 7 LPA.
Q: What is the benefit of studying MBA in Oil and Gas Management?
A: Pursuing an MBA in Oil and Gas Management offers specialized expertise, lucrative career prospects, and the ability to navigate a dynamic global energy sector.
Q: What is the MBA in Oil and Gas Management syllabus?
A: The MBA in Oil and Gas Management syllabus covers subjects such as energy economics, and project management, environmental regulations, and global energy trends, tailored to the needs of the oil and gas industry.
Q: How long is the duration of an MBA in Oil and Gas Management?
A: The MBA in Oil and Gas Management program typically spans 2 years, divided into 4 semesters.
