Energy Management as a sector has seen consistent growth even amidst the financial meltdown of 2008. The sector can be broadly categorized under Oil & Gas Management, Power Management and Energy & Clean Tech Management. If you want a detailed breakdown of Top MBA Programs and Trends in Management, download our MBA Research Guide. According to IEA Statistics, world’s 19.5% of Global Electricity generation is powered by renewable sources. The management of consumer demand, strategic planning, and transition from non-renewable to renewable resources requires management expertise that go beyond the traditional MBAs. A concentration or an MBA in Energy management will help companies find the right talent to manage this niche sector.
Who Should Opt for MBA in Energy Management?
Professionals with background in Energy sector are encouraged to pick one of the three paths: Oil & Gas Management, Power Management and Energy & Clean Tech Management. Some Business Schools integrate multiple functions into a single course, allowing students to gain expertise in cross-functional domains.
What are the job responsibilities Post-MBA in this sector?
Although the MBA in Energy Management focuses on Energy sector, MBAs should have a strong foundation in General Management, Business Development, Finance and Marketing. Some of the Roles that MBAs in this niche can take up are Director of Operations, Consultant, Business Development Management, Project Manager, Energy Trader & Pricing Analyst. MBAs should have an understanding of budgeting small and large projects, keeping into consideration the regulatory process and govt. funding cycles. Business Development Mangers should have exposure to international cultures as a recent PwC Survey shows that 68% of companies are planning to expand to China, Central & Eastern Europe, Indian sub-continent and other Asian countries.
What is the Salary range and Compensation?
The Salaries immediately following MBA range from $48,796 - $152,532. In United States, UK and Germany, the average compensation per worker in energy-related industries is twice that of other sectors. While in Mexico and South Korea, the compensation is as high as four times the average.
What are the Growing Sectors?
Wind and Solar Power saw double digit growth in 2010-11 with investments in developing countries reaching US$ 72 billion in 2010, slightly higher than US$ 70.5 billion invested in OECD countries. IHS Emerging Energy Research predicts that by 2025, investments in Energy sector will reach US$ 5.6 trillion and China would lead the way with 25% of the total share.
What are the Growing niches in Energy Sector?
Industrial Energy Management Software and Services Market is one of the fastest growing niche in the Energy sector that require integration of Energy Management, IT Services and Consulting, a mix of skills that a Business School can develop in candidates from IT background. The industry is expected to reach $5.6 Billion by 2020. The primary responsibility of management professional working in this is an understanding of energy consumption patterns in industries and using technology software and services, to manage the energy inflow in an industrial process.
Here are our picks for the top 4 MBA in Energy Management
1) Rice MBA – Energy Concentration
Rice Full-time MBA at Houston offers students with the option to choose a concentration in Energy Sector. An added advantage of Rice MBA Energy concentration is its location, proximity and connections with leading Energy related companies and recruiters.
Location Advantage: Houston is known for its Energy industries, particularly, Oil & Gas, and Wind & Solar. Houston host some of the major energy companies like BP America, ConocoPhillips, Citgo Petroleum Corporation, Foster Wheeler, Mcdermott International, Petroleum Geo-Services, Sasol , SBM Atlantia, Shell, Universalpegasus International and Worley Parsons. Rice has a close association with ExxonMobil, Chevron, and ConocoPhillips.
With the Energy Concentration, Rice MBA Students will learn about production, transportation and distribution of Energy commodities. They will also get the chance to work on three core areas: Global Economic Environment, Management in the Energy Industry, and Geopolitics.
Students are also encouraged to take action-oriented learning exercises and participation in activities related to the Energy Industry like International trips, Rice Energy Finance Summit, International Energy Simulation and an Internship in an energy related field
The required courses for Rice Full-time MBA with Energy Concentrations are Fundamentals of the Energy Industry, Geopolitics of Energy and at least one of the courses:Economic Environment of Business, Business?Government Relations, Managing in a Carbon Constrained World, Energy Market Organization, Competition, Carbon & Electricity Policy Entrepreneurship in the Energy Industry, Energy Derivatives, Business Strategy in the Energy Industry, International Energy Development or Economic Environment of Business.
Recruiters: Some of the major 2012 Energy Sector recruiters were CenterPoint Energy, ConocoPhillips, Constellation Energy, ExxonMobil, Quintana Minerals, Shell Oil and SK Energy.
Click here to Read Second Part of the Series: Top MBA in Energy Sector
2019 MBA Research Guide - Choose your MBA
F1GMAT's Comprehensive MBA Research Guide will teach you how to select MBA programs through a bottom-up approach.
Articulating your Post-MBA Goals and Career Path is the FIRST step. Which program will give you that hike in Salary, Switch in Career, Change in Location or Job Satisfaction?
We cover them all through our extensive analysis.
+ How to Choose the Best MBA Program: Factors to Consider
Define Post-MBA Goals
Pick your Path: Generalize or Specialize
Use Moral Algebra Method
Use Multi-Attribute Utility Theory
Understand the Top 5 Risks
Measure MBA Career Service Team's Effectiveness
Use Bookending to Calculate MBA Admission Chance
Use Net Present Value to Calculate MBA Return on Investment
Don't Fall for the Mere Exposure Effect
Best Practices to find the truth in MBA Information Session or MBA Tour
Comprehensive MBA Research Guide: Includes Top MBA Programs by 19 Specializations:
+ General Management
+ Operations Management
+ Supply Chain Management
+ Luxury Management
+ Information Systems
+ Hospitality Management
+ Leadership Development
+ Military &
+ Top MBA Program Ranking
Top 20 MBA Programs - Tuition Fee (2018)
Top 31 MBA Programs in United States – Total Cost & Salary (2017)
Top 60 MBA – GMAT and GPA (Average & Median)
Top 20 European MBA Programs - Tuition Fee, Total Cost & Salary
Top 20 European MBA Programs (Based on Actual Salary Increase)
Top 20 European MBA Programs (Short-term return on investment)
Top 20 Affordable European MBA Programs
Top 10 MBA in UK – Salary & Fee (2018)
Top MBA Destinations Based on Happiness Index
Top MBA Destinations based on Innovation Index
Top 10 MBA Job Markets based on Cost of living and Purchasing Power
Top MBA Destination: By Economy
+Comparisons - Top MBA Programs
Wharton vs. Columbia MBA (2018)
MIT vs. Stanford MBA (2017)
Haas vs. Ross MBA (2018)
Kellogg vs Ross MBA
Booth vs Wharton MBA
MIT Sloan vs Tuck MBA
IMD vs. INSEAD MBA (2017)
IIMA vs. ISB (2017)
+ MBA in France (2018)
Top Industries in France
Top MBA Programs in France
+ MBA in the UK (2018)
Top Industries in the UK
Top MBA Programs in the UK
Scholarships in the UK