MBA Energy Management is a two-year postgraduate programme that deals with offering insight into the management of the energy sectors. In addition to being a great way to learn more about the energy sector and protecting the environment. MBA Energy Management programmes are also an excellent tool for people to better manage their careers with environmental concern. There are a lot of job opportunities in this field, as aspirants can start their career with titles such as Energy specialist, consultant etc.
|Full Form||Mater of Business Administration in Energy Management|
|Duration||Course Duration of Master of Business Administration [MBA] (Energy Management) is 2 Years.|
|Age||No Age limit|
|Minimum Percentage||A minimum of 45% to 50% is required in under-graduation|
|Average Fees Incurred||INR 1 to 4 Lakhs|
|Average Salary Offered||INR 7 – 8 LPA (Source: Payscale)|
|Employment Roles||Energy Consultant, Energy Auditor, Energy Market Reporter, Energy Trader|
According to energy management experts, "energy management can be broadly defined as the proactive, organized and systematic management of energy use in a building or organization to satisfy both environmental and economic requirements". MBA Energy Management teaches a student about emerging realities in the country's energy and power sector. It focuses primarily on cultivating leaders who can make an impact and meet the energy sector's challenges. Aspirants are taught how to apply theories to management, energy trade, environmental/energy law and global energy markets. Students will be educated on fields like hydrocarbon energy businesses, alternative energy and the power generation industry. The scope of this industry is one of the biggest advantages for an energy management graduate. They can go into consulting, analysis, research and project management. Listed below are few MBA Energy Management tools include:
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Aspirants who wish to pursue an MBA Energy Management course should know about all the eligiblity criteria. Such as, they must have completed a Bachelors's degree in Engineering / B.Sc. (PCM) from a recognized university with 50% of aggregate marks. Some institutions take direct admission based on marks obtained at graduation level, but most institutions take entrance exams of their particular university or college. The minimum age to apply for the course is 21 years old.
The admission process is different for various universities. To obtain an MBA degree, it is an essential step that the students research the admission procedure. The student should know about the eligibility criteria. They must register themselves on the college's official website that they are offering this degree, and the next round of interview dates is provided to the aspirants. The application forms are usually available from October till March.
The first step in this process is the filling up admission form online or offline by attaching all the documents, including aadhar card, voter ID card, domicile, mark sheet of the tenth and twelfth and the final year graduation mark sheet.
The first step in the selection process is the group discussion, after which the college/university interviewers take a personal interview. The shortlisted aspirants from the personal interview then have to verify their documents and submit the fees.
Various institutions conduct many various exams for selecting aspirants for their MBA course. Listed below are some entrance exams for MBA:
The eligibility criteria for the entrance exam are different for various colleges/universities. However, there are few similarities among the popular entrance exams to give students a heads up:
The examination time is approximately 120 to 180 minutes.
With the increase in popularity of this course more and more colleges are offering it. Listed below are the best college for MBA in Energy Management in India:
|73||Symbiosis Institute of International Business Pune|
|138||MIT World Peace University Pune|
|63||Amity University Noida|
An average student may spend a minimum of INR 1 - 4 Lakhs to complete MBA Energy Management. College for MBA in Energy Management in India fees structure is mentioned here:
|Colleges||Total Average Fees|
|Symbiosis Institute of International Business (SIIB), Pune||INR 7.30 Lakhs|
|Indian Institute of Social Welfare and Business Management, Kolkata||INR 3.09 Lakhs|
|MIT World Peace University, Pune||INR 3.50 Lakhs|
|National Institute of Technology, Kurukshetra||INR 0.98 Lakh|
|Amity University, Noida||INR 3.40 Lakhs|
The first-year subjects do not differ from other MBA courses like finance, managerial economics, human resource management. From the second year, more specialised subjects related to energy management are introduced like energy audits, renewable energy, hydrocarbon, geology, and so on. Following are the key subjects taught in MBA Energy Management:
Read More about MBA in Energy Management Syllabus and Subjects
In recent years, this field has exploded in popularity due to companies' global pressure to reduce their carbon footprint. There is a huge demand for energy management graduates both in the private and government sector. So, it offers a vast job scope along with advancement potential.
MBA in Energy Management is a two year long post-graduate course. The MBA programs focusing on energy management and instruct students on how to apply theories to management, energy trading, environmental/energy law and global energy markets. Not only that, but students will also learn more about the financial, technical, and practical aspects of energy management along with how to negotiate within the field successfully. An important job of an energy management graduate is to find ways to reduce the carbon footprint or increase the efficiency of companies and government organizations' efficiency. With growing demand and a shrinking supply of non-renewable natural resources like coal, energy costs are set to rise. Also, regulators all over the world are pushing for more strict sustainability standards.
Listed below are the job roles of an energy manager:
Administration: The manager needs to administer the energy use of the company or the government department. And then finding ways to increase the efficiency of energy use. For this, the graduates are introduced to new energy-saving techniques in the company. The manager will be in charge of training the employees in using these new techniques.
Consultation: The graduate can also go into consultation and act as an adviser to various companies. One can venture into research and find ways to increase energy use efficiency and reduce the carbon footprint.
The Demand is Phenomenal-The Energy Management industry is among the largest globally, not only in India. Consumption is growing, whether in the petroleum, natural gas or renewable industries, and is expected to increase by 5 per cent or more per year.
Demands: This is sure to increase the demand for Energy management aspirants. Interesting Career Path-Even though energy management graduates have lots of job opportunities. The career path is also thrilling, indeed.
Flexible Study: Not only is MBA in Energy Management a highly flexible area of study, but professionals in their professions may also take different directions.
Best Career: After pursuing, aspirants can choose their career path. An energy management professional is trained to operate in all fields, from operations to management, financing, distribution, purchase and marketing.
Read More about MBA in Energy Management Jobs
MBA in Energy Management courses can enrich students interested in management activities and help handle clients and travel.
Syllabus: Focus on the syllabus and identify one's weak points and work on them
Exam Pattern: Understand the exam pattern and prepare to make a time-bound exam preparation strategy.
Talk to Alumni: Connect with students who are already doing this course and take help from alumni.
There's a lot of scope for higher education in this field after completing an MBA in Energy Management. Abroad more opportunities are available for higher education, but as the energy management sector is growing fast in India, higher education opportunities are becoming available in India. After doing an MBA, a student can go for more research by doing a PhD or M.Phil course. There are also many online certificate courses that an aspirant can do from the comfort of their home. Some of the famous ones are:
The average salary in this field depends on the manager's experience, problem-solving skills, qualification and performance. But the average salary for a freshman is around INR 7 - 8 LPA. There are many different jobs; one can work as an analyst, pricing analyst, risk control analyst, and so on.
Read More about MBA in Energy Management Salary
MBA in Energy Management course has a massive job opening in government sectors as well as private sectors. Listed below are some of the popular career options available to the MBA Energy Management graduates:
The skills needed to become an expert in energy management are:
Project Planning and Management: The ability to direct and guide a group or team to achieve energy management targets through task completion is essential. An energy manager focuses on planning and managing the energy consumption of a company.
Communication Skills: Energy managers need to exchange, interact, articulate and express their technical expertise and innovative ideas in a way that their non-technical team members can easily and quickly understand.
Flexibility: With energy systems, technology and business priorities constantly changing, the best energy managers, even in challenging circumstances with parallel targets, are dynamic, versatile and can adapt available resources to achieve company goals.