MBA in Power Management: Course Details, Eligibility, Admission, Fees

Akanksha Gupta

MBA in Power Management is a 2-year professional management course that aims to provide in-depth knowledge on efficient Power Management concepts and measures. MBA in Power Management course highlights managerial principles based on energy sources, power plants, and electricity industry compliance. The syllabus for the MBA in Power Management course showcases subjects such as Energy Resources and Power Plant Systems, Solar Power Development, Energy Power Trading, etc.

MBA in Power Management Admissions are based on entrance exam scores and GD+PI evaluation rounds. MBA in Power Management admission rests on certain eligibility criteria, such as a 50% minimum aggregate in an undergraduate degree in any area, with a 5% relaxation for the Reserved category. The average fee for an MBA in Power Management is INR 70,000 to 4 LPA.

About MBA in Power Management

MBA in Power Management stands for Masters of Business Administration in Power Management. It is a specialized 2-year postgraduate degree, the course components of which focus on procuring and managing resources to optimize power and energy consumption. MBA in Power Management is a specialized course under the MBA course.

MBA in Power Management Admissions requires candidates to clear the cut-offs for management entrance exams such as CAT, XAT, MHT CET, etc. The most prominent colleges offering an MBA in Power Management are the University of Petroleum and Energy Studies, Maharshi Dayanand University, and the National Power Training Institute.

Upon completion of the MBA in Power Management course, graduates have an abundance of career opportunities in various domains such as PSUs, Private companies, MNCs, etc. The average salary for a fresh graduate may range from INR 3-15 LPA. (Source: Payscale)

MBA in Power Management Eligibility Criteria

Students opting for an MBA in Power Management have to satisfy certain criteria to be admitted into the course. MBA Power Management eligibility criteria is highlighted below for clarity:

• Aspirants must have finished a UG degree in Management or Science field with a minimum of 50% aggregate marks for the unreserved category and 45% marks for the SC/ST/OBC/PwD category from a board-recognized university. 
• Some colleges specify the MBA in Power Management eligibility criteria as a 60% minimum aggregate. 
• There is no age limit for pursuing an MBA in Power Management course.

Why Choose an MBA in a Power Management Course?

According to NRDC, India’s wind and energy sector employed 52,000 people for the year 2022, 8x more than in 2021. This leads to the fact that power and energy-related jobs are on the rise, and the need to fill these job roles with competent managers is only going to increase with the introduction of more innovative energy sources. 

Here are some important aspects of the MBA Power Management course:

• A fresh graduate in the MBA Power Management course will come across a wide array of career prospects in many fields such as private and public sector energy corporations, or manufacturing companies.
• Students of MBA in Power Management are equipped with industry-relevant subjects such as Power Financial Management, Power Sector Structure and Functioning, Energy Power Trading and Network Administration, etc. 
• Graduating in an MBA Power Management course opens up graduates to an array of lucrative high-paying jobs in the Energy and Power sector. The annual salary range for MBA in Power Management freshers ranges from INR 3-6 LPA. With increasing experience, this range also levels up for a graduate. 
• MBA Power Management degree holders can take up a range of diverse job roles such as Engineering Manager, Technician, Commodity Trader, Service Maintenance Engineer, and EPC manager. 

MBA in Power Management Admissions 2023

Colleges offering MBA in Power Management Admissions enroll students based on the scores they obtained in entrance exams and merit score. The MBA Power Management admission process is highlighted below:

• Step 1: Students must also take into account the infrastructure and resources provided by the college for an MBA in Power Management. Registration for these colleges is done either in offline mode or online mode.
• Step 2: Colleges’ basic requirement for MBA Power Management Admissions is to qualify for management entrance exams such as CAT, XAT, CMAT, MHT CET to qualify for an MBA in Power Management course. 
• Step 3: Once the entrance exam results are out on their official website, students must check whether they clear the cut-off requirements put down by the college they want to enroll in.  
• Step 4: Students aspiring for the MBA Power Management course will have to satisfy the minimum cut-off scores, after which they are asked to attend the GD + PI rounds, and pay the admission fee. 
• Step 5: Students must attend counseling sessions to onboard themselves into the MBA in Power Management course. 
• Step 6: Students are required to formalize their enrollment by submitting official documents and completing administrative formalities. Students must ensure correct furnishing of ID proofs, educational transcripts, college-issued official letters, etc. 

MBA in Power Management Entrance Examinations

The MBA in Power Management entrance exams are conducted at both national and institute levels. Colleges such as UPES also conduct their own entrance known as UPESMET for students who have not taken any national-level exam. Some of the popular MBA in Power Management entrance exams are mentioned in a table for convenience, with corresponding registration dates and accepting colleges:

Top MBA in Power Management Colleges in India with Fee Details

The fee structure for an MBA in Power Management is conditional upon the type of institution students are applying to. Private institutions such as UPES, Dehradun may have higher fees than NPTI, Nagpur which is a government-run institution. The average fee structure for an MBA Power Management course stands within a range of INR 70,000 to 4 LPA.

Some colleges offering MBA Power Management courses in India are listed below:

Types of MBA in Power Management Courses

With the upcoming need for creating and managing clean and renewable energy sources, the importance of courses like an MBA in Power Management has come to the forefront. Due to this, colleges have begun to understand the responsibility of offering MBA in Power Management courses. 

The table below curates the different types of MBAs in Power Management courses:

Syllabus and Subjects for MBA in Power Management

The MBA in Power Management syllabus in the first year focuses on concepts like energy finance, energy policy and regulations, energy management, and management principles. The second-year syllabus deals with the study of advanced topics like energy risk management, global energy markets, energy trading, etc.

Some of the vital core and elective MBA Power Management subjects are mentioned below in detail:

Read More: MBA in Power Management Syllabus and Subjects

MBA in Power Management vs MBA in Energy Management

MBA in Power Management is a management course that focuses on the electricity power industry, whereas MBA in Energy Management focuses on the general energy sector which includes coal, gas, wind, water, etc. Here is the tabulated difference between these two energy-related industrial-management courses:

Read More: MBA in Energy Management

Salary of an MBA in Power Management Graduate In India

As clean and renewable sources are being worked on, the requirement for adept managers with the correct skills is burgeoning. The public and private sectors are looking to hire graduates with combined managerial and technical skills to fill the gap. The average salary being offered to an MBA in Power Management graduate ranges around INR 3-15 LPA. (Source: Payscale)
Tabulated below are some energy and power-based job roles with the average annual salary for MBA in Power Management graduates:

Read More: MBA in Power Management Jobs and Salary

Courses After MBA in Power Management

While there are many specialization courses under the MBA, the option to study further after the MBA in Power Management course isn’t limited either. To grasp a more linear understanding of the MBA Power Management course through interaction with peers, field experts, and faculty, there are a multitude of higher-education opportunities:

• M.Phil in Power Management
• Ph.D. in Power Management
• Certification in Risk Management Assurance

Career Options After MBA in Power Management

The career options for MBA in Power Management is vast as the need for competent managers who can analyze business processes, identify areas of improvement, create strategies, and implement them in the power sector. An MBA in Power Management equips students with these skills to provide many career options. 

Here are some job roles for MBA in Power Management graduates:

Skills To Excel In For MBA in Power Management

The skills to excel in the MBA Power Management course are focused on gearing students up for high-pressure and high-stakes employment opportunities. MBA in Power Management requires that some essential skills be employed in students to adapt to the dynamic sector of Power and Energy.

Some of the integral skills for students in MBA Power Management course are:

• STEM Knowledge: Aspirants with knowledge in Science, Technology, Engineering, and Maths are valued in technical fields such as the power and energy sector.
• Social Awareness: Aspirants with an understanding of social responsibility,  and the environmental impact and benefits of the field they’re working in are essential. Aspirants must promulgate these ideas of sustainability and environment conservation throughout their work.
• Project Management Skills: Managing projects requires being able to devise and plan resources and ensure smooth workings, through challenges and risks. 
• Ethical Skills: Aspirants must be able to understand the implications of working in the power and energy sector. Aspirants must adhere to the right code of conduct.
• Collaboration: The ability to communicate effectively between teams and ensure synchronous functioning and achievement of goals.

Top MBA in Power Management Colleges

Datta Meghe Institute of Management Studies

Nagpur,Maharashtra

UPES Distance Education

Dehradun,Uttarakhand

National Power Training Institute

Faridabad,Haryana

Department Of Business Management C. P. & Berar E. S. College

Nagpur,Maharashtra

IIBM Institute of Business Management, Meerut

Meerut,Uttar Pradesh

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Top Management Entrance Exams

CAT

• Eligibility Criteria
• Syllabus

MAT

Exam Date: May 19, 2024

• Eligibility Criteria
• Syllabus

NMAT

• Eligibility Criteria
• Syllabus

GMAT

• Eligibility Criteria
• Syllabus

JEMAT

• Eligibility Criteria
• Syllabus

CMAT

• Eligibility Criteria
• Syllabus

IBSAT

• Eligibility Criteria
• Syllabus

IMUCET

• Eligibility Criteria
• Syllabus

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MBA in Power Management Fee Structure

See Various MBA in Power Management Colleges in India