What is Oil and Gas Management
Pursuing Oil and Gas Management course will make you a learned person about all the business-related facets of this industry. The oil and gas management program ranges from one multidimensional topic to another like - it covers all one can know about the laws on oil and gas operations, energy policies that need to be renewed to adapt to the issues faced by our current environment and it also focuses on petroleum economic theories. For example - you can be well-versed with renewable energy sources, retailing of petroleum and its products and rigorous yet methodical knowledge about the business aspect of the hydrocarbon value chain.
Oil and gas management course is for freshers and professionals who have already found a stable career in oil and gas management. Also, this course can be helpful to even those candidates who are seeking an opportunity to leave their previous profession and find their place in the sector of oil and gas management.
The requisite need for fuel has created a clamour in the oil, gas, petroleum industry. It has been and is going through a complete revolution in India as well as abroad. Considering the rampant and ever-growing demand for fuel and energy management all around the globe, doing oil and gas management course would be beneficial.
Eligibility Criteria (UG & PG) of Oil and Gas Management
If you are an applicant who wants to obtain a deemed MBA degree on energy programs from the top-notch universities of Asia by acing some of the entrance exams mentioned above, you need to fulfil these categories of basic requirement -
You must have received at least fifty per cent aggregate marks in both your X boards and XII boards from a recognised board.
If you have a work experience of at least 1-2 years, then your chances of selection will increase as experience will give you an edge and momentum.
Entrance Exams for Oil and Gas Management
Some distinguished and illustrious institutes conduct separate entrance tests to admit students who are interested in regulations on import and export of petroleum products, doing research on petroleum or oil/gas distribution and want to cover the entire information available on pricing plus production of LNG. A few of those entrance exams are mentioned below -
UPESMET - This is a common entrance test conducted by UPES, that is, University of Petroleum and Energy Studies university located in Dehradun. It offers admission in both MBA and PGDM courses all along the year as it is organised several times in one year.
CAT - If you want to get into the renowned IIMs and prestigious business schools of India, then this Common Admission Test is meant for you. The exam mode for this highly competitive position is fully online. Keeping the IIMs away, qualifying in this exam would work wonders for you if you aim to get into other top management schools like - SPJIMER, IMT, NITIE and so many more.
XAT- XLRI of Jamshedpur conducts this prominent and high-ranking national level exam for admission into the MBA and PGDM programs offered by this university. You don’t need to travel to Jamshedpur for this exam as it can be taken in any of 46 exam centres available across the country as per your feasibility.
MAT- This exam is conducted four times every year by AIMA so that candidates can get into three hundred top management schools of India. This Management Aptitude Test is a national level exam and takes place in two modes as per the applicant’s comfort - offline paper-based test or online computer-based test.
NMAT- If you want to get admission in NMIMS, then this Management Aptitude Test conducted by the Graduate Management Admission Council needs to be aced thoroughly. There are three areas on which this 180 minutes’ online exam will test you on - language skills, reasoning skills and quantitative skills. It takes place once every year.
SNAP- The Symbiosis National Aptitude Test is conducted by the top-tier Symbiosis university. This 120 minutes’ online exam will test your capabilities on the following areas - general English skills, ability to interpret data/ data sufficiency and analytic skills or logical reasoning skills.
Scope of Oil and Gas Management in India and Abroad
Oil and gas industry belongs to the category of most fundamental and principal industries in today’s time. There is so much left to explore for candidates who want to leverage all the benefits offered by this popular industry. Every country’s economy gains a lot from the domain of oil and gas; India is no exception. However, you might, at a point, question the reasons for pursuing this as your career path. We will list down a few reasons that will help you find the motive for determination to get an MBA degree in this field.
As the trend increases, the demand increases - the consumption of petroleum, usage of renewable energy is slated to rise by five per cent every coming year. As long as the need for sustenance of the gas and oil sector stays, the demand will be no less than phenomenal.
Get highly paid for your job - This industry offers a salacious amount of salary to its employees. Once you complete your MBA degree, you are surely going to get the best possible placement in oil and gas management. You can expect a salary of around Rs. 8,00,000 annually.
Financial and Career Stability - There is no sudden and premature cut-offs and firings done in this domain which is very unlike those done in most IT companies. Oil and gas being a central industry, assure job availability throughout your career.
Course Fees Oil and Gas Management
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Before you plunge into the degree, we will provide you with the subjects that you would need to take if you are aspiring to get a job in the oil and gas management industry. The subjects are listed as per the semester.
Semester one has the following subjects –
1. Financial and Marketing Management
3. Management decisions
4. Operation Management
5. Material Management
The second semester has the following subjects –
1. HR and CR (Customer Relationship) Manager
2. Contract Administration
3. Project Management
4. Research methods
5. Strategies of technology and innovation
Semester three has the following subjects –
1. Oil and Gas Business
2. Natural Gas Business
3. Fundamentals of refining of petroleum
4. Fundamentals of exploration of petroleum
5. Petrochemical Business
The fourth and the last semester has the following subjects –
1. Law and Policy of Petroleum
2. Policy and strategy of a business
3. Retailing of petroleum
4. Petroleum’s geology
Careers in Oil and Gas Management
Candidates who are genuinely fascinated by the oil and gas industry must do this course. This course will guarantee a loss of job positions or career prospects in the oil and gas industry which are -
Manager of a refinery
Managing the marketing
A business analyst
A representative of business development
In 2020 and the forthcoming years, the oil and gas industry will witness some major changes that will set bars for upcoming trends in other core industries. Some of the upcoming topics or trends to be noticed are listed below -
It is being said that after a maximum of 3 to 4 years of finalising the decision of investment, the oil or gas will undergo development. In short, operators of oil and gas management all over the globe will demand for a comparatively shorter period of integrated build-up so that the cycle for which they will be investing is a quicker process.
An unprecedented stipulation for natural gas will take over the much-needed replacement of coal and gas for electricity generation.
Rather than awfully disrupting or fragmenting the oil and gas management industry by the advanced new technology solutions, you will surely see a major diversion from this. In short, the most important upcoming trend in this field is the adaptation/adoption of the newly discovered technology.
Job Profiles and Top Recruiters
Oilfield Sales Manager
An oilfield sales manager’s role is similar to a dominant supervisor. The focus of his work should be on swift carrying-out of the entire administration, including the sales’ staff and warehouse staff.
A maintenance manager’s job is divided into three categories - overseeing the installation, overseeing the repair and overseeing the record of his employer’s owned properties. Also, the burden of responsibility on the maintenance manager’s shoulders varies from one facility’s size and function to another.
Oil and Gas Analyst
It is a tough and hard-to-get job. An oil and gas analyst has to organise, merge/unmerge and analyse statistical data that reflect the recent developments in this industry.
If there is any individual who is responsible for reducing the amount of fuel consumption, then he/she is called an energy consultant. He has to do all the hard work required to reduce the usage of fuel. He can do that by either developing fresh and efficient technology or by completely revamping the manufacturing process.
Top Recruiters for Oil and Gas Management MBA Degree-holders
If you, somehow, manage to complete the MBA in gas and oil management, then make sure that your hard work pays off during placements. Some top oil companies hire experts who hold an MBA degree. Hence, some of the top recruiters from both India and abroad are listed below -
L&T Hydrocarbon Engineering
Abu Dhabi National Oil
Bourbon Gulf WLL
Rs. 10 Lakhs p.a. (Approx.) to Rs. 20 Lakhs p.a. (Approx.)
Rs. 6 Lakhs p.a. (Approx.) to Rs. 10 Lakhs p.a. (Approx.)
Oilfield Sales Manager
Rs. 7 Lakhs p.a. (Approx.) to Rs. 10 Lakhs p.a. (Approx.)
Oil and Gas Analyst
Rs. 5 Lakhs p.a. (Approx.) to Rs. 9 Lakhs p.a. (Approx.)
Required Skillset for Oil and Gas Management
Candidates must have a natural connection to play with the number system.
Must have a detail-oriented, precise vision.
An ideal candidate would be someone who has a flair of understanding for renewable and non-renewable sources of energy available on the planet.
Must have the ability to communicate effectively.
A perfect candidate would have perfect knowledge of information technology.
Should have the capacity to manage, organise the business operations related to the oil and gas industry.
Must be adept at learning continuously, that is, inclined to be updated about the changing system of gas laws, terms, rules, conditions and principles of this sector.
Course Curriculum for Oil and Gas Management
This post-graduation course, that is, MBA in Oil and Gas Management is a tough two-year-long journey where students are made to thrive under the enormous pressure of the curriculum. It is divided into a semester system, that is, a total of four semesters spread across the two years’ degree.
Popular Oil and Gas Management Entrance Exams in India
Popular Oil and Gas Management Colleges in India VIEW ALL
Frequently Asked Questions (FAQs)
Question: What are some of the most reputed institutes offering MBA in oil and gas management?
UPES, Academy of Maritime Education and Training, Rajiv Gandhi Institute of Petroleum Technology, Delhi Institute of Management and International Institute of Business Studies.
Question: What is the average fee that needs to be paid for this degree?
The average course fee ranges from somewhere between 1-3 lakh.
Question: What are the specialisation areas for students of MBA in Oil and Gas Management?
There are a few domains related to oil and gas management degrees that candidates can specialise in. They are Biotechnology, Finance, Accounting, Shipping and Port Management.
Question: What is the duration of an MBA in Oil and Gas Management degree?
The duration is a minimum of two years.
Question: What do you need to ask yourself before you apply for an MBA in Oil and Gas Management?
You have to ask these mandatory questions to yourself so that you are sure about your choice of career path. Those questioned are as follows-
Do I have the power to analyse?
Can I function in a job that might require me to be a team leader?
Do I have a knack for always abiding by rules, regulations and safety measures?
Am I industrious?
Is being self-driven in my inherent personality?
Questions related to Oil and Gas Management
top colleges for mba in oil and gas management in india
Following are few good colleges offering management course in oil and gas management:
- University of Petroleum and Energy Studies (UPES), Dehradun.
- Pandit Deendayal Petroleum University, Gandhinagar.
- School of Petroleum Management- PDPU, Gujarat.
- Rajiv Gandhi Institute of Petroleum Technology, Rae Bareli.
- NGF College of Engineering and Technology, Delhi.