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What is MBA Oil and Gas Management?
MBA in oil and gas management is a postgraduate degree of two year duration, combining the skill of business administration along with the industry of oil and gas management, it is a premium course degree that ensures adequate profits in terms of salary and exposure. This fuel based industry is constantly on rise as demands for naturally occurring fuels and their extraction is global and also needed on a regular basis.Note: Students who wish to pursue their education in Management field or get a career boost, can check MBA course.
Master’s in business administration in oil and gas management is a budding field that offers vast expanse of experience and work opportunities. Oil and gas industry is one of the premium industries in India and is usually top rated as resources related to oil and gas management are used on a regular basis by each industry in the World. Oil and gas being the universal source of fuel and energy, the need to study this stream as a legitimate discipline is the need of the hour. Oil and gas management requires an individual to study the basic premise of formation, extraction, usage and conservation of this utmost valuable source of energy and also it can be utilized to its maximum potential.
Combining the skills of Oil and Gas management with MBA, it can usually consist of aligning one’s skill in using this discipline and stream by applying individual innovation and expertise to increase productivity and efficiency of this resource. The need to pursue this degree arises from the fact that this indeed is a rare and valuable mineral which is naturally made and is used by a number of industries for innumerable operations. Hence to keep a check on its formation extraction and using it to its full potential has become important in this economic scenario of India and of the world.
As management courses are gaining more value and momentum with each passing day, every industry is allocating new managerial posts each day and is in search for individuals with aptitude of exceptional administrative qualities and to follow the sudden surge of industrial revolutions and new industries/ structural changes that are taking place rapidly in the current economic world. MBA in oil and gas management is slowly surfacing as one of the most popular and important courses in the pool of available career options.
See Also: MBA Jobs
Oil and gas management industries are often in need of skilled personnel for their operations, this industry is resource oriented and ensures secure and attractive pay packages that range around Rs 8-10 lakhs. The minimum requirement for this degree is a 10+2 with PCM background and approximately 50 percentile, as well Graduation in engineering or BSC program. Preference is given to those who have already completed a minimum of two year work in their respective fields.
MBA in oil and gas management tuition fee is also around rs 1-3 lakhs. Recruitment agencies offer many quality benefits and are usually offered employment with a proper salary package. Employers include ONGC, Indian Oil, Indigo, Reliance and Qatar gas, Maersk Oil, Halliburton Oil etc.
Check Out: All About MBA
MBA Oil and Gas Management Course Highlights
| Course level | Post-graduation |
| Full form | Masters of business administration in oil and gas management |
| Duration | Two years |
| Examination type | Offline and Semester wise |
| Admission process | Graduation and by qualifying CAT and CMAT |
| Eligibility | Graduation (engineering) or BSC degree with Physics chemistry and mathematics and a two year work experience |
| Course fee | Rs 1-3 lakhs |
| Average salary | Rs 8-12 Lakhs |
| Top recruitment agencies | ONGC, Indian oil, Gail, Maersk Oil , Qatar gas, Reliance and Gasco, Halliburton energy services and Abu Dhabi national oil |
| Job positions | Managers and executives, energy consultant and oilfield sales manager, oil and gas analysts and etc. |
Eligibility
MBA Oil and Gas Management Eligibility
Candidates wishing to apply for the course need to meet the following minimum eligibility criteria:
- A minimum aggregate score of 50% at both Higher and Senior Secondary levels of education (classes X and XII).
- Graduation in engineering/ B.Sc. (PCM) with a minimum aggregate score of 50% from a recognized university.
- Preference is given to candidates with a minimum of 2 years of work experience.
Admission Process
MBA Oil and Gas Management Admission Process
Admission into MBA in oil and gas management is required the following criteria
- By qualifying 10+2 with 50 percentile from a recognized board
- Graduation in Engineering or a BSC degree with physics chemistry and mathematics as main subjects
- Candidates who have acquired a minimum of two year experience are usually given preference
One of the basic requirements of admission into this program is by qualifying the entrance test called CAT and UPSEAT. These tests are conducted on a national level and offer direct admission in top tier colleges for this degree.
| Master of Business Administration in Maharashtra | Master of Business Administration in Tamil Nadu | Master of Business Administration in Punjab | Master of Business Administration in Meghalaya |
Entrance Exam
MBA Oil and Gas Management Entrance Exam
- CAT or Common Admission Test
CAT is conducted to seek admission in premium business schools and consists of 100 questions related to the following (Quantitative Aptitude, Verbal Ability & Reading Comprehension, and Logical Reasoning & Data Interpretation) And carries negative marking.
- CMAT or Common management admission test
CMAT conducted on a national level and consists of three hour duration with questions pertaining to fields such as (Quantitative Techniques & Data Interpretation
Logical Reasoning
Language Comprehension & Verbal Ability
General Awareness) and the pattern is generally of multiple choice questions.
- GMAT or graduation management test
GMAT is conducted to get admission in MBA programs globally and consists of following topics such as Analytical Writing Assessment , Integrated Reasoning, Quantitative, Verbal
Verbal, Quantitative, Integrated Reasoning, Analytical Writing Assessment
Quantitative, Verbal, Integrated Reasoning, Analytical Writing Assessment
Candidates are required to pay a fee online and reserve their slots. Later, they are instructed to go to their respective test centre and give the test. Results are also announced within the next two weeks.
See Also: MBA Entrance Exams
Important dates for entrance examination
| Date of form issue | Last Date of form submission | Day of exam | Announcement of results |
|---|---|---|---|
| CAT ( August first week) | September last week | November last week | 2nd January 2021 |
| CMAT (first week of November) | Fourth week of November | Fourth week of January 2021 | First week of February 2021 |
| GMAT – No fixed date, Candidates can book a slot according to his/her own convenience and give the exam and receive the results | NA | NA | NA |
Syllabus
MBA Oil and Gas Management Syllabus
This degree is of two years duration divided into four semesters. The syllabus is as follows.
| Semester I | Semester II |
|---|---|
| Economics & Management Decisions | Human resource management |
| Financial management | Customer relations management |
| Marketing management | Project management and contract administration |
| Quantitative techniques to marketing management | Strategic management of technology and innovation |
| Operation and materials management | Research methodology |
| Semester III | Semester IV |
|---|---|
| Understanding oil and gas business | Business policy and strategy |
| Understanding natural gas business | Petroleum law and policy |
| Understanding petrochemical business | Petroleum retailing business |
| Fundamentals of petroleum refining | Dissertation |
| Fundamentals of petroleum exploration |
| Master of Business Administration in Nagalanad | Master of Business Administration in Uttar Pradesh | Master of Business Administration in West Bengal |
Essential books to study from for this degree are mentioned below:
- The oil and gas industry non-technical guide – Joseph Hilyard
- The petroleum industry- Charles conaway
- Oil and gas company analysis -Alfanso Colombano
- The global oil and gas industry , management, strategy, and finance- Andrew inkpen
MBA Oil and Gas Management Top Colleges
The top colleges and universities that provide MBA Oil and Gas Management along with the admission process and tuition fee are mentioned below:
| Name of the college | Admission process | Annual Tuition fee |
|---|---|---|
| University of petroleum and energy studies Dehradun | Graduation with 50 percentage and by qualifying UPESEAT | Rs 70000 |
| Indian Institute of Business studies Bangalore | Graduation with 50 percentile and by qualifying CAT exam | Rs 7 Lakhs |
| Academy of Maritime education and Training University Chennai | Graduation with 50 percentage and by qualifying CAT | Rs 3 Lakhs |
| Great Lakes Institute Gurgaon | Graduation with 50 percentile and by qualifying CAT | Rs 2,40000 |
| New Delhi Institute of Management New Delhi | Graduation with 50 percentile and by qualifying CAT | Rs 362500 |
| Rajiv Gandhi Institute of Petroleum technology Rae Bareli | Graduation + CAT | Rs 200000 |
| Sir Padampat Singhnia University Udaipur | Graduation with 60 percent and CAT | Rs 200000 |
Why Study MBA Oil and Gas Management?
MBA in oil and gas management is an evolving industry which is profitable and successful for those who are inclined to pursue this degree. 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. Master’s in Business administration on oil and gas management ensures adequate monetary benefits coupled with this program ensures meticulous knowledge of formation and extraction techniques of oil and gas and also makes an individual aware of the distribution channels of this industry.
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