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MBA in Energy Management: Comprehensive 2024 Guide

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Elina

05 July, 2024

MBA in Energy Management: Comprehensive 2024 Guide

From an operations manager to a chief operating officer, the MBA in Energy Management can help you get fruitful job roles. With a basket full of skills, experience opportunities and a global career, this MBA programme is the need of the hour. MBA in Energy Management has an increasing demand in the job market since the world is moving to clean and advanced energy management. Moreover, if you are interested in exploring the realms of energy management, this advanced MBA course can be the stepping stone for a bright career. You would be exploring many job responsibilities, including the procurement, organising and distribution of energy consumption once you have an MBA in Energy Management.

Here are some of the top recruiters who are actively hiring applicants with an MBA in Energy Management.

Tata Consultancy Services (TCS) Cognizant
Amazon Wipro
Apple Infosys
Accenture ICICI Bank
Reliance Industries Limited (RIL) Deloitte

What is an MBA in Energy Management?

According to the University of Pretoria, Chapter 3 of Energy Management,“Management is essential in any organised collaboration and should be implemented at all levels of an enterprise (Koontz [14] et al.). An organisation has certain inputs at its disposal, be it human resources, funds, technology, skills, etc. and it is the basic function of the manager in charge to efficiently manage these valuable inputs in pursuit of achieving predefined objectives in an optimum manner. In an industrial plant, like the cryogenic air separation plant, typical inputs are production personnel, the various maintenance departments (electrical, mechanical, instrument, turbo, etc.), engineering, financial and information technology, among others and all these resources are normally subjected to some form of management. Energy is another important input to the plant; the plant needs energy to produce its products to the client’s specification and given that cryogenic air separation plants are energy-intensive by nature, efficient energy management will have a definite impact on the cost per product produced.”

Sounds puzzling?

Let us explain this concept to you in easier words, energy management is like being the captain of a spaceship where you and your team are on a mission to explore new galaxies. Imagine your spaceship needs various resources like fuel, crew members, technology, and information to operate smoothly. The captain’s job is to make sure all these resources are used efficiently to reach the mission’s goals. You would be responsible for planning, securing and distributing the resources effectively.

In a real-world scenario, energy management is about efficiently using energy to run a factory or any operation smoothly and cost-effectively.

Every factory needs an energy management unit where they can plan for effective management strategies of their energy resources.

Benefits of an MBA in Energy Management

Here are the prominent benefits of completing an MBA in Energy Management. There are numerous more advantages apart from the list mentioned below.

  • Leadership Skills: With an MBA in Energy Management, you would gain essential leadership abilities to effectively manage energy projects and teams.

  • Global Energy Knowledge: You would understand the ever-changing global energy market, including environmental and geopolitical factors.

  • Career Growth: An MBA in Energy Management is an accelerator for your career in the energy sector. This programme would provide you with enhanced skills and knowledge.

  • Higher Earnings: Boost your earning potential with specialised expertise in energy management. The MBA course will make you a valuable asset to employers.

  • Sustainable Impact: Learn to create and implement sustainable energy solutions to make a positive impact on the environment and contribute to a greener future.

Eligibility for MBA in Energy Management

Now that we have learned about what is energy management in India and what are the benefits that it can hold for you, it is now time to check your eligibility for an MBA in Energy Management.

These eligibility criteria are generally based on data from different colleges. Please note that eligibility criteria may vary based on each college’s requirements.

List of eligibility:

  • Educational Qualification: You must have a Bachelor’s degree or an equivalent degree with at least 50% marks (45% for reserved categories).

  • Final Year Students: You can also apply if you are in your final year of graduation.

  • Entrance Exams: You would need a valid score from at least one of these exams (CAT, MAT, CMAT, XAT, JEMAT, GATE, GMAT, or other management entrance tests).
  • Selection Process: You should prepare yourself for a Group Discussion and Personal Interview if shortlisted, based on your entrance exam scores.

  • University Recognition: Your Bachelor’s degree must be from a university recognised by the relevant accrediting body.

Note: Some universities/colleges ask for prior experience in a related field. The experience could be from 3-5 years. It is beneficial to have prior experience to get admission but not mandatory.

MBA in Energy Management: Course Fees

All of us come from different backgrounds, which makes each of us unique and valuable. Sometimes, students do not pursue an MBA due to high course fees, this means that not everyone can afford the long bills of college fees (INR 10-12 Lakhs). Hence, you need to look out for colleges that fit under your budget.

It can be important to set a fee limit for your college since it will safeguard you from financial dent . The fees for an MBA in Energy Management may vary because of different factors like location, mode of delivery, resources, facilities, and campus. You can expect the fees for an MBA in Energy Management from a minimum of INR 6 LPA to INR 12 LPA.

We would suggest you keep checking your listed colleges’ official websites or a reliable source to get the latest update on fees.

It’s hard to find ways through which you can afford MBA colleges that are slightly out of your budget. We have mentioned some of them below:

  • Fee waivers

  • Fundings

  • Scholarships

  • EMI payment options

  • Reservation fee relaxation

Make sure to check your eligibility for these different fee affordability options.

Skills Required for an MBA in Energy Management

In order to become an expert in any profession, you need a certain set of skills. To become a successful MBA graduate, you need a set of attributes that will place you at the top of the job market. Here are some of the skills that you should have. These can be obtained through an MBA in Energy Management.

Analytical Skills Financial Acumen
Leadership and Management Problem-Solving Abilities
Technical Knowledge Knowledge of Regulations
Strategic Thinking Sustainability Focus
Communication Skills Project Management

Syllabus & Curriculum for an MBA in Energy Management

The syllabus of an MBA in Energy Management would enable you to train for the future.  The subjects are based on the latest trends and traditional norms. Most of the MBA in Energy Management courses include active project participation, internships and fieldwork which will give you more exposure to observe, learn and adapt.

Here is the syllabus of the NICMAR MBA in sustainable energy syllabus:

Semester 1 Semester 2
Energy Ecosystem and Sustainable Development Enterprise Level Energy Management and Skill Development
Fossil Fuels to Clean Energy – Current Trends & Practices Hands-on Energy Lab and Niche Software Workshop
Market Outlook & Value Chain

 

Semester 3 Semester 4
Transition Towards Sustainable Energy Management Practices Sectoral Digital Transformation
Projects and Risk Management International Energy Management Practices
Entrepreneurship and Leadership Skills Industry or Applied Business Project Work

Top Entrance Exams for an MBA in Energy Management

In order to get admission in some universities it might require you to pass an entrance exam. There are prominent entrance exams that are helpful to get a successful admission. You can take a national-level entrance exam or university-level entrance exam to get admission for an MBA in Energy Management.

Here is the list of top entrance exams you can pass to get a smoother admission to an MBA in Energy Management.

Entrance Exams Entrance Exams
CAT CMAT
MAT XAT
GMAT NMAT

Top Colleges for an MBA in Energy Management

Here is the list of top colleges for an MBA in Energy Management. You can choose based on your budget, location, mode of delivery and lifestyle. 

Sl# College Name
1 Asian International University, Manipur
2 MIT School of Technology Management, Pune
3 NICMAR Pune – NICMAR University, Pune
4 SoM-PDEU – School of Management, Pandit Deendayal Energy University, Gandhinagar
5 SIIB Pune – Symbiosis Institute of International Business, Pune
6 UPES Online (University of Petroleum and Energy Studies)

Career Prospects

An MBA in Energy Management opens the gates of opportunities for you. With this qualification, you can pursue roles such as Business Development Manager, Energy Consultant, or Energy Manager. In addition, you might also become an Energy Auditor, ensuring efficient energy use, or an Energy Trader, dealing with the buying and selling of energy commodities. You could also get leadership roles like Chief Operating Officer or Project Manager after completing your MBA in Energy Management.

Additionally, you can work as a Pricing Analyst, MIS Analyst, or in sustainable energy roles, contributing to the development of green energy solutions. Whether it’s in power generation, oil exploration, manufacturing, or engineering, an MBA in Energy Management programme equips you with the skills needed to excel in these dynamic fields. You can explore, earn better, get global-level jobs and have more opportunities to be recognised by recruiters around the globe.

Job Opportunities and Salary after an MBA in Energy Management

Job Profile Salary Range (INR)
Assistant Operations Manager 1,95,000 – 7,01,000
Associate Business Consultant 6,14,000 – 10,00,000
IT Business Analyst 5,91,000 – 20,00,000
Product Analyst 6,78,000 – 20,00,000
Management Consultant 3,99,000 – 20,00,000
Senior Technical Consultant 3,85,000 – 10,00,000
Senior Project Manager (Operations) 4,77,000 – 30,00,000

These numbers demonstrate the wide range of profitable prospects in the energy management industry. In the future, a doubled salary is possible. You can earn from INR 4LPA to 16LPA on average based on your skills, experience, organisation and more.

*Note- The salaries listed above may vary depending on location, organisation, and level of experience.

Logging Out

If you want to acquire skills in problem-solving, analytical skills, and strategic thinking then this is the right MBA programme for you. An MBA in Energy management can be a dream come moment for those who wish to make the future better for society. This is your chance to explore the world of sources, planning and leadership.

Moreover, you can earn the paycheck that you have always dreamed of. From a minimum of 4 LPA to a maximum of 16 LPA*, let this journey define your passion and skills for the environment, society and sustainability for the future. It is time to shine through an MBA in Energy Management programme. You can sit in a leadership position after completing an MBA in Energy Management with good grades. From an energy auditor chief operating officer, this is your life changing chance to write your own destiny. Let yourself shine through your skills, education and get one of the top recruiters calling you.

FAQs

Q1. What is MBA energy management?

MBA in Energy Management focuses on teaching skills to manage energy resources efficiently in various industries, emphasising sustainability and cost-effectiveness.

Q2. What is the scope of MBA in energy and environment?

The scope for an MBA in Energy Management is growing rapidly. You can have a leadership role and earn from 4LPA to 16LPA based on your skills, location, experience and more. Furthermore, you can work as an Energy Manager, Environmental Consultant, and Sustainability Specialist.

Q3. What is the salary after MBA in Energy Management?

The salary for an MBA in Energy Management ranges from 4LPA to 16LPA based on the skills, location, organisation, and experience that you have.

The 9% if for the definition which is mentioned above through citation of the paper that it is taken for reference.


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