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MBA in Oil and Gas Management is a 2-year specialised management degree course divided across 4 semesters that focuses on the dynamics of the oil and gas industry. It equips students with the knowledge and skills to successfully take on management and leadership roles in the industry.
The basic eligibility criteria are similar to any other regular MBA Course, which includes candidates having pursued an undergraduate degree with a minimum aggregate score of 55% or above or an equivalent CGPA from a recognised university. Admissions to the course is done based on MBA Entrance Exams such as CAT, MAT, XAT, SNAP or NMAT.
The average course fee is between INR 1,00,000 - 3,00,000 in India. The University of Petroleum and Energy Studies, Indian Institute of Business Studies, Great Lakes Institute Gurgaon and New Delhi Insitute of Management are some of the Top MBA in Oil and Gas Management Colleges.
Energy Consultants, Oilfield Sales Managers and Oil and Gas Analysts are some of the top job profiles available for candidates. The average salary after an MBA in Oil and Gas Management in India is between INR 8 LPA to INR 12 LPA.
Table of Contents
- MBA Oil and Gas Management: Course Highlights
- What is an MBA in Oil and Gas Management?
- Why study an MBA in Oil and Gas Management?
- MBA Oil and Gas Management: Admission Process
4.2 Entrance Exams
MBA Oil and Gas Management: Course Highlights
| Duration | 2 years |
| Admission Process | Entrance Exam based |
| Eligibility | Bachelor’s degree in related field |
| Course Fee | INR 1,00,000 - 3,00,000 |
| Average salary | INR 8 LPA - 12 LPA |
| Top Recruitments | ONGC, Indian Oil, Gail, Maersk Oil, Qatar Gas, Reliance and Gasco, Halliburton energy services, Abu Dhabi National Oil |
| Job Profiles | Managers/executives, Energy Consultant, Oilfield Sales Manager, Oil and Gas Analysts |
What is an MBA in Oil and Gas Management?
MBA in Oil and Gas Management is a specialised program that focuses on the dynamics of the oil and gas industry. It equips students with the knowledge and skills to successfully take on management and leadership roles in the industry. The key features of the course are as follows.
- The course offers a vast expanse of experience and work opportunities.
- Oil and gas management requires students to study the basic premise of formation, extraction, usage and conservation of energy sources and also to utilise them to their maximum potential.
- The course helps in aligning skills in using this discipline by applying individual innovation and expertise to increase the productivity and efficiency of resources.
- The course also includes real-world projects and internships where students can apply their expertise in real scenarios.
Why study an MBA in Oil and Gas Management?
Some of the reasons for considering an MBA in Oil and Gas Management degree are as follows.
- Oil and gas management is an evolving industry which is profitable and successful for those who have proper management and leadership skills in the sector.
- The course is designed specifically keeping in mind the latest technology and knowledge that is needed by this sector to increase its efficiency and productivity and offer maximum industrial output.
- It ensures adequate monetary benefits and meticulous knowledge of formation and extraction techniques of oil and gas and distribution channels within the industry.
- One of the most important aspects of this degree is ensuring high-quality recruitment by some of the most reputed institutions and organisations like Indian Oil, Reliance Petrochemical, ONGC, Gail, Maersk Oil and Qatar Gas.
MBA Oil and Gas Management: Admission Process
Admissions to an MBA Oil and Gas Management program generally involves the following steps.
- Eligible candidates are required to visit the campus or fill out the application form through an online medium.
- Candidates may be required to clear entrance exams like CAT, MAT, XAT, CMAT and more to secure admission.
- Upon clearing the entrance exam, candidates will be asked to submit the necessary documents.
- After the submission deadline, a list of selected candidates will be published.
- Some colleges may also conduct a selection round consisting of interviews before publishing the final list.
Eligibility Criteria
Candidates wishing to pursue an MBA in Oil and Gas Management need to meet the following eligibility criteria:
- A minimum aggregate score of 50% at both Higher and Senior Secondary levels of education (class 10 and class 12 ).
- Graduation in engineering/ BSc (PCM) with a minimum aggregate score of 50% from a recognised university.
- Preference is given to candidates with a minimum of 2 years of work experience.
Entrance Exams
There are various entrance exams that candidates can appear in to get admission to the MBA Oil and Gas Management course. The entrance exam details are as follows.
| Entrance Exams | Application Deadline | Exam Date |
|---|---|---|
| CAT | September 21, 2024 | November 24, 2024 |
| MAT | To be Announced | To be Announced |
| SNAP | November 23, 2023 | 22nd January, 2024 |
| XAT | November 30, 2023 | January 7, 2024 |
| NMAT | October 12, 2023 | 10 Oct 2023–15 Jan 2024 |
| CMAT | March 2024 | May 2024 |
| IBSAT | To be Announced | To be Announced |
MBA Oil and Gas Management: Syllabus
MBA Oil and Gas Management syllabus covers the study of the energy sector, emphasising key areas like exploration, production and distribution of the oil and gas industry. The semester-wise syllabus is as follows.
| Semester 1 | |
|---|---|
| Economics & Management Decisions | Financial management |
| Marketing management | Quantitative techniques to marketing management |
| Operation and materials management | NA |
| Semester 2 | |
| Human resource management | Customer relations management |
| Project management and contract administration | Strategic management of technology and innovation |
| Research Methodology | NA |
| Semester 3 | |
| Understanding oil and gas business | Understanding natural gas business |
| Understanding petrochemical business | Fundamentals of petroleum refining |
| Fundamentals of petroleum exploration | NA |
| Semester 4 | |
| Business policy and strategy | Petroleum law and policy |
| Petroleum retailing business | Dissertation |
Top MBA Oil and Gas Management Colleges
The top colleges that provide MBA Oil and Gas Management along with the admission process and average tuition fee are mentioned below.
| Name of the Colleges | Admission Process | Average Fees (INR) |
|---|---|---|
| University of Petroleum and Energy Studies, Dehradun | Graduation with 50% and UPESEAT | 70,000 |
| Indian Institute of Business Studies, Bangalore | Graduation with 50% and CAT exam | 7,00,000 |
| Academy of Maritime Education and Training University, Chennai | Graduation with 50% and CAT exam | 3,00,000 |
| Great Lakes Institute, Gurgaon | Graduation with 50% and CAT exam | 2,40,000 |
| New Delhi Institute of Management, New Delhi | Graduation with 50% and CAT exam | 3,60,000 |
| Rajiv Gandhi Institute of Petroleum Technology, Rae Bareli | Graduation with 50% and CAT exam | 2,00,000 |
| Sir Padampat Singhnia University, Udaipur | Graduation with 60 % and CAT | 2,00,000 |
MBA Oil and Gas Management: Jobs and Career
MBA Oil and Gas Management degree ensures exceptional career opportunities and benefits that are profitable in the long run. With the supply of valuable and skilled professionals, it ensures quality standards and production of petrochemicals and Gas management which in turn produces more financial stability. Candidates who can benefit from this course are as follows.
- It is highly recommended for those individuals who want to have comprehensive experience in the energy and petrochemical industry
- The course offers employment opportunities with the most prestigious organisations and offers a wider perspective in terms of money and experience
- The recruitment agencies include sectors such as shipping, engineering industry as well as various consultancy organisations.
- The course is a stable discipline and offers appealing salaries with potential.
- The course is lucrative with immense learning possibilities with experience in many oil and gas agencies and organisations.
- It is designed keeping in view the universal nature, it increases the prospects of getting a job abroad, especially in the Middle Eastern countries with rich oil and gas reserves.
Some of the top job profiles that graduates can consider are mentioned in the table below.
| Job profile | Nature of the Job | Average Salary (INR) |
|---|---|---|
| Oil and Gas Analyst/Consultant | Assess and analyse the current strength and fluctuations in data pertaining to oil and gas, to keep a check on availability and distribution channels and to assess overall performance. | 7 LPA |
| Energy Analyst/Consultant | Assess energy consumption and distribution. Use various methods through which they gather data on overall energy consumption by various partner industries and overall demand to ensure the availability of resources on time. | 4.1 LPA |
| Oilfield Sales Management and Head Executives | Lok after major refineries of oil and gas, keep in check the installation processes of the machinery as well as the smooth outflow of services in terms of machines and also ensure distribution channels are not blocked. They are also responsible for keeping in check all oil and gas equipment working smoothly and without any further blockage. | 7 LPA - 10 LPA |
| Managers (Maintenance and Control) | Maintain oil and gas companies, from machinery to equipment tools and infrastructure. They are responsible for the easy flow of output without any interruption. | 6 LPA - 10 LPA |
| Marine Services (Shipping) | Engaged with the shipping industry and are often in search of potential spots or exploration places containing the rich reservoir of oil and gas. They are also involved in extraction and storage facilities. | 7 LPA - 8 LPA |
| Sustainability Analyst | Prepare reports, conduct active research and analysis on the potential of fuels and how they can be used in a sustainable way to avoid depletion and maintain adequate reserves. | 6.9 LPA |
| Project Manager | Lead certain projects in extraction, management and distribution of oil and gas, maintaining the flow of services and materials without any hindrances and preparing reports on the allocation of various resources and budgets. | 7 LPA - 10 LPA |
MBA Oil and Gas Management: Scope
MBA in oil and gas management is an efficient course and holds immense opportunities in various sectors which are mentioned below.
- The degree provides a stable job environment as the industry is evolving with constant demand. Therefore this ensures job security and offers the best in this regard.
- Oil and gas are naturally occurring substances and are crucial for humanity as they are essential fuels and their usage and consumption are eternal, hence the need to study and conserve these fuels is also increasing and more and more skilled personnel are required to study and provide insight on this growing sector.
- The degree is accepted universally and offers exciting job offers to individuals seeking job stability abroad. It assures candidates of quality jobs and expertise wherever they go.
- Apart from working in a traditional oil and gas industry, candidates can also apply in various Shipping Yards and industries as well as work as consultants and analysts to contribute valuable insight on how these naturally occurring fuels can better our future and how they can be utilised to their full potential.
- Candidates can also work as leading educationists and teachers in colleges in India and abroad. The sharp growth of this particular sector has also contributed to increasing demand for teachers well-versed in the key skills and knowledge of this subject.
- Oil and gas corporations such as Indian Oil and Maersk Oil, Qatar Gas and Reliance offer jobs to ensure effectiveness and incentives as well as to keep their employees content.
- MBA in oil and gas management expands and consists of various opportunities in leading strategic firms and business programs. Graduates can be employed as key figures in conducting valuable research and analysis to increase the productivity of the firm they are employed with.
- Candidates can also be employed by government organisations and climb up to significant managerial and executive posts.
MBA Oil and Gas Management: FAQs
Ques. What is an MBA in oil and gas management? Is it worth it?
Ans. Yes, it is worth it. MBA in oil and gas management is a two-year postgraduate program which enables an individual to learn essential administrative skills in the sector of the oil and gas industry.
Ques. What is the scope of an MBA oil and gas management degree?
Ans. MBA in oil and gas management opens up many doors to even newer industries which are not limited to the oil and gas industry but also extends to Shipping and strategic consulting firms.
Ques. What is the list of entrance exams required to get admission to this course?
Ans. CAT, GMAT and CMAT are some of the top exams candidates need to qualify to get into the college of their choice.
Ques. What is the salary of an MBA oil and gas management graduate?
Ans. A graduate of this degree can earn up to INR 8 to INR 10 LPA which increases with time through promotion and experience.
Ques. Which are the best colleges to pursue an MBA in oil and gas management degree?
Ans. University of Petroleum and Energy Studies, Indian Institute of Business Studies, Great Lakes Institute Gurgaon and New Delhi Insitute of Management are some of the top colleges offering MBAs in oil and gas management.
Ques. What is the fee structure of an MBA in oil and gas management degree?
Ans. The tuition fee for this course ranges between INR 1 to INR 4 L.
Ques. How useful is an MBA in oil and gas management?
Ans. The degree ensures the employment of skilled individuals to handle the matters of natural fuel management. It is extremely crucial to study and extract fuels and gas and consume them with care, hence this degree is useful in this line of work.
Ques. What is the course of this degree?
Ans. The course focuses on developing management and leadership skills to meet the energy industry by covering areas like sustainable practices, production, exploration and more.
Ques. What if I pursue a normal MBA degree? Will I get a job in this sector?
Ans. An MBA in oil and gas management is a specialised degree, hence it is advisable to pursue this specialisation specifically to increase the chances of getting hired by leading oil and gas industries.
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