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Masters of Business Administration in Energy Management is a postgraduate course that trains and develops students to meet challenges of managing energy or power and related sectors in India. It is typically a 2-year program.
The fees of this course vary according to the institute. The average tuition fee for this course lies between INR 1 Lakh to INR 4 Lakhs. The admission to this course depends on the score or rank in the entrance exams (CAT/XAT/MAT/CMAT/NMAT/University Exam) and the aggregate marks obtained in the graduation. Group Discussion (GD) and/or Personal Interview (PI) can also be a part of the selection process.
MBA Energy Management course is for individuals who believe in leading change and integrating thoughts with action. The average salary for MBA Energy Management is INR 6.7 Lakhs per annum.
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| MBA Energy Management Syllabus | MBA Energy Management Eligibility |
| MBA Energy Management Job Profiles | MBA Energy Management Colleges |
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Table of Contents |
MBA Energy Management: Course Highlights
| Course level | MBA/PGDM |
| Duration | 2 years (fulltime) |
| Examination Type | Semester |
| Eligibility | Bachelor’s degree in any discipline with 50% aggregate marks |
| Admission process | Entrance exam conducted by colleges, GD & PI |
| Course Fee | INR 1 to 4 Lakhs |
| Average Annual salary | INR 6.7 Lakhs |
| Top Recruiting Companies | Adani Power, NHPC, NTPC, Tata Power, Damodar Valley, etc. |
| Job Positions | Energy Consultant, Energy Auditor, Energy Market Reporter, etc. |
MBA Energy Management: What is it About?
MBA Energy Management course teaches a student about changing realities in the energy and power sector in the country. It mainly focuses on developing leaders who can create an impact and meet the challenges of the energy sector. It equips a student with the prominent features of functional areas of management. It gives exposure to best practices and innovations in this sector and makes an individual facilitator for responsiveness, understanding, and execution of enactments related to energy.
The duration of this course is 2 years. Each year of the course is divided into two semesters and exams are conducted at the end of each semester. Students may have to do internships at the end of this course in order to get real-world experience. After completion of this course, one can look for a job or go for higher studies. If a person wants to go for higher studies, then one can also pursue a PhD in the domain of his/her choice.
Why Should you Opt for MBA Energy Management?
A person who wants to make a career in the field of energy or power can opt for this course. A student needs profound information, strategic thinking, good judgment skills, global outlook, flexibility, and veracity to become a future leader. This management course will help a student in developing these skills and can give a boost to his or her career.
In order to get admission to MBA Energy Management, the student must clear the entrance exam followed by Personal Interview/Group Discussion order and counseling.
The application forms are generally out in the month of October till March. Some of the common entrance exams for MBA Energy Management are mentioned below:
- CAT: Common Admission Test (CAT) is an entrance exam for MBA programs in reputed Management colleges in India. Skills tested in this exam are Verbal ability, quantitative ability, logical reasoning, and data interpretation. It is generally conducted in the month of November
- XAT: Xaviers Aptitude Test (XAT) is a national level online entrance exam that aims to select admirable students for management programs offered by top institutes. The score is accepted by XLRI, SPJIMR, XIMB, IMT, TAPMI and more than 150 colleges in India. It is generally conducted in the month of January.
- CMAT: Common Management Admission Test (CMAT) is a national level entrance test organized by National Testing Agency (NTA). This test is conducted with an aim to shortlist graduate candidates for admissions to MBA/ PGDM courses in over a thousand business schools. It is generally conducted in the month of January.
- SNAP: Symbiosis National Aptitude(SNAP) is conducted in a single session for the candidates aspiring to pursue an MBA / M.Sc. program offered by the Institutes of Symbiosis International. It is generally conducted in the month of December.
Other exams that are conducted for admission to MBA programs are GMAT, NMAT, etc. while some universities have their individual exams. Universities like Pacific University, Udaipur offers direct admission to MBA Energy Management.
Entrance exam score, performance in group discussion round and personal interview round will determine the final selection of the students.
Candidates who seek admission to this course are supposed to fulfill the following MBA Energy Management eligibility criteria:
- Bachelor’s degree in Engineering/ B. Sc. (PCM) from a recognized university with 50% of aggregate marks and above deem eligible for the course.
- Should have passed the entrance examination prescribed by the college.
Candidates who have passed CAT, CMAT, XAT entrance examination can also apply for the course.
MBA Energy Management: Syllabus and Course Description
The table below describes the subjects that are there in the MBA Energy Management Course:
| Semester I | Semester II |
|---|---|
| Business Statistics | Energy Audits and Energy Management |
| Managerial Economics | Oil and Gas Economics |
| Advanced Data-Driven Decision Making | Global Business Environment |
| Business Communication | Financial and Operations Management |
| Business to Business Marketing | Sustainability Standards |
| Financial Accounting | Business and Natural Capital Management |
| Introduction to Financial Markets and Institutions | Project Management Suite |
| Human Resource Management | Export-Import Management |
| Non-Renewable Energy Sources | Operations Research |
| Renewable Energy Sources | Organizational Behavior |
| Governance and Corporate Sustainability | Marketing Research |
| Choose Any 1 – French, Chinese, Spanish and German | Choose Any 1 – French, Chinese, Spanish and German |
| Semester III | Semester IV |
| ERP- Business Process Integration | Environmental Modelling and GIS |
| Global Strategic Management | Business and Social Impact Management |
| Electricity Regulatory Issues and Mechanisms | Dissertation |
| Advanced Energy Management and Six Sigma | - |
| ISO 14001 and EnMS 50001 Certification | - |
| Summer Internship | - |
MBA Energy Management: Top Colleges
There are many Management colleges in India that offer MBA Energy Management. Some of the top colleges are mentioned below:
| College Name | Location | Average Annual Fees |
|---|---|---|
| Symbiosis Institute Of International Business (SIIB) | Pune | INR 7,30,000 |
| Indian Institute of Social Welfare and Business Management (IISWBM)? | Kolkata | INR 309,000 |
| MIT World Peace University (MIT WPU) | Pune | INR 3,50,000 |
| National Institute Of Technology | Kurukshetra | INR 98,350 |
| Amity University | Noida | INR 3,40,000 |
| Ahmedabad University | Ahemdabad | INR 1,52,000 |
| Madurai Kamaraj University (MKU) | Madurai | INR 45,000 |
| National Power Training Institute, NPTI | Faridabad | INR 2,50,000 |
| University Of Petroleum And Energy Studies (UPES) | Dehradun | INR 6,41,500 |
| Rajiv Gandhi Institute Of Petroleum Technology (RGIPT) | Uttar Pradesh | INR 2,60,375 |
MBA Energy Management: Job Profiles and Career Prospects
MBA Energy Management prepares the students to showcase their leadership and innovative skills in the growing sectors of energy management. Candidates who have successfully completed their courses with high ranks have wide career prospects to choose from. Among the top firms recruiting MBA graduates in Energy Management include:
- Adani Power
- NHPC
- NTPC
- Tata Power
- Damodar Valley Corporation
- Educational Institutions
- Reliance Power
- Neyveli Lignite Corporation
There are various organizations that need people who are equipped with energy management skills. After the completion of masters in the field of energy management, students wil become energy auditors, energy managers, energy consultants, energy and economic analysts, Utility and Energy analysts, Utility energy consultants.
The following graph shows the salary trend after pursuing the MBA Energy Management Course:
The following table shows the various MBA Energy Management job profiles and their respective average annual salary:
| Job Role | Job Description | Average Annual Salary |
|---|---|---|
| Energy Markets Reporter | They mainly write insightful news and analysis about the current price trends. A large amount of data is analyzed to produce accurate price assessments. | INR 7.31 Lakhs |
| Product Manager | They are generally responsible for guiding the success of a product and leading the team that is responsible for improvising it. This is an essential organizational role. | INR 16.26 Lakhs |
| Research Associate | They are responsible for planning, organizing and conducting research on the businesses, markets, investments, and economy. They are employed by asset management firms and financial institutions. | INR 4.13 lakhs |
| Energy Auditor | They are also known as energy rater and they help in improving the energy of residential as well as the commercial buildings. An energy auditor is known for presenting ample opportunities for the advancements in the current trends. | INR 7.12 Lakhs |
| Energy Consultant | They help in analyzing the energy consumption of various companies in order to reduce energy costs. | INR 6 Lakhs |
| Business Development Manager | They are responsible for helping grow businesses by finding new opportunities, researching leads, establishing relationships with potential clients and arranging appointments for sales executives. | INR 4.58 Lakhs |
| Account Manager Sales | They work for a company and maintain the existing relationships of the company with the clients. Sales management also comes under them. | INR 20 Lakhs |
MBA Energy Management: Future Scope
In India, the investment in renewable energy will reach up to 225GW by the year 2030 and it has become difficult to maintain a balance between the energy obtained from conventional and non-conventional energy resources by an organization. That is why the need for energy management is rising day by day and the MBA Energy Management scope is high. As per the latest trends, the market size of the energy management market is growing rapidly and it will soon reach $2145 million in the upcoming five years and the growth rate in terms of CAGR (Compounded Annual Growth Rate) is 19.1%. The graph shows electricity production in India in the past few years:
India is one of the fastest-growing economies in the world and the growth will be around 8% in the next 15 years. Due to the high population growth, energy usage has doubled since the year 2000. That is why we do need to manage energy. And this need has given rise to an increase in the number of job opportunities in this sector. After pursuing MBA Energy Management you can also go for Ph.D. Renewable Energy.
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MBA Energy Management: FAQs
Ques. Is doing MBA Energy Management a good choice and what is its future scope?
Ans. MBA Energy Management Course will give you insights into the energy sector. There are numerous opportunities in this sector as the investment in renewable energy will reach up to 225GW by the year 2030. Various job profiles related to this sector are Energy Auditor, Research & Development, Innovation Manager, etc.
Ques. How is the NTPC School of Management for pursuing MBA Energy Management?
Ans. NTPC is a Navratna company and it is known for its efficient operations. It is a profitable company in the thermal power plant sector and has a really large capacity of 500 MW. It offers various programs for MBA Energy Management and the placements are also very good.
Ques. What is the difference between MBA Engineering Management and MBA energy Management and which one is better among them?
Ans. Both courses are equally beneficial. It all depends upon your prior skills and experience that which field suits you the most. MBA Engineering Management prepares a student for positions in the manufacturing or engineering industry and it focusses on the concepts related to manufacturing strategies, supply chain management, and technology. Whereas MBA Energy Management teaches a student about changing realities in the energy and power sector in the country. It mainly focuses on developing leaders who can create impact and can meet the challenges of the energy sector.
Ques. What does a Certified Energy Manager do?
Ans. A Certified Energy Manager basically tries to optimize the energy performance of a building or an industrial plant. They are basically a systems integrator for electrical, mechanical and building infrastructure. Analysis of optimum solutions is done by them in order to reduce the energy consumption.
Ques. How to become an Energy Auditor?
Ans. For becoming an energy auditor, first of all complete a training program and then take a BPI Building Analyst Certification Exam. Generally the employers prefer energy auditors who have a high school diploma or some training in this field. After doing all this, you can consider earning a degree in this field.
Ques. For MBA Energy Management Distance Education, which college is best?
Ans. UPES ( University of Petroleum and Energy Studies) in Dehradun is known to be best for its faculty and placements. You can go to this college if you want to pursue MBA Energy Management as the core industries of this college are oil, gas, and energy.
Ques. How is RGIPT college for pursuing MBA Energy Management?
Ans. RGIPT is a new college and its located in Bangalore. You can go for MBA Energy Management in this college if you do not have any other better option.