Oil and Gas industry has a vast impact on the world’s economy due to the crunch of energy resources. The industry is a money-making cake that has always seized the top position in the economy graph. Today, many are investing in it because of the generation of hefty returns in the industry. Although these are some benefits, the industry poses many risks as well. Significantly, all team members or individuals working in the sector from employees to top executives should know what they are dealing with. The two keys to success are education and safety in the industry.

One should pursue a course to stay informed about the sector. The programmes will promote interest, the effectiveness of each student. You will be able to provide quality services to your clients due to the skills and knowledge acquired during the course. If you just completed class 12, you can start with a diploma in oil and gas and move to UG followed by masters to step into the field. Even if you are a working professional, acquiring a diploma degree will be easy with the distance course’s availability.

The course that has gained widespread popularity is MBA in Oil and Gas. It is one of recognized degree all across the globe. It is a two-year course providing in-depth education to comprehend strategic business issues across the whole hydrocarbon value chain. You will get to know the insights of the field and theory and practical knowledge to work in the industry. Here are the things you must know about MBA in oil and gas course before pursuing the programme-

What is MBA in Oil and Gas Course?

MBA is one of the globally recognized degrees. It is a two-year programme offered by several management colleges in India. You can pursue this course offline, online as well as distance mode. Through the course, you will get to study management and administrative techniques related to the petroleum industry. The average fees for the programme are around INR 2 lakh but will vary from institute to institute.

Curriculum

Pursuing the MBA programme in the field will help you develop the necessary skills and technical knowledge. The course includes technical studies, general management and finance topics suited for the industry. The curriculum is broken into four semesters. The course covers pricing, exploration and production, acquisition of oil equity and export of petro products, regulations, and distribution of oil & gas and petro research. It is focused on creating sturdy concepts while inculcating hands-on practical learning experience.

The course is updated with the modern trends in the energy industry, and topics like renewable energy and risk management are also part of the curriculum. The management course lets a student tap into this industry and makes him or her eligible for joining firms related to energy generation, fuel acquisition etc.

Opportunities Available After MBA

If you wish to get into the oil and gas industry or work in the managerial positions, MBA is the course for you. Graduates can assume roles related to financial management, human resource management, supply chain management etc. in this sector. Oil and Gas industry is one of the hugest industries across the world. Energy is one of the basic requirements contributing to the development of the country. Hence, the demand is high in every major and minor economy. MBA in Oil and Gas has a career scope in the domestic market and abroad. Here are some of the hiring areas in the industry-

  • Refinery Management
  • Oil Marketing
  • Oil Exploration
  • Oil and Gas Production Companies
  • Energy Infrastructure
  • Energy Generation
  • Energy Consulting Companies

An MBA in oil and gas will help you acquire jobs in the industry. It is a premium degree that ensures adequate profits in terms of salary and exposure. This fuel-based sector is continuously on the rise as demands for naturally occurring fuels, and their extraction is global, leading to vast job prospects in the field.