Managing Oil and Gas Industry
An MBA (Master of Business Administration) degree is one of the most sought-after degrees in the country due to its various attractions such as high pay packages, job security, and excellent social status. While there are many specializations available, candidates usually go for the most common ones such as Marketing, Finance, Operations or Human Resources. While this is not a bad thing, there are many other important specializations available in the degree with Oil and Gas management being one of the best as a career option. Nothing beats an MBA degree in Oil & Gas management in getting one ready for corporate life in the oil and gas industry. The first and most important step while pursuing an MBA degree is to choose the right institute/university. The University of Petroleum and Energy Studies, Dehradun is one of the best in the country offering postgraduate courses in the petroleum, oil and gas field. Candidates are selected for UPES Admission 2020 either through the national level CAT (Common Admission Test) or through the institute’s own UPESMET (UPES Management Entrance Test).
What is Oil and Gas Management?
Oil and Gas Management one of the sections of management that deals with the logistics, supply, infrastructure, and management of the industries in the oil and gas field. With the ever-rising demands of oil and gas in the national and international market, the growth of Oil and Gas Industries has been immense during the recent years due to which the career opportunities in the field have skyrocketed.
Some of the biggest and wealthiest economies in the world are built on the oil and gas industries. Potential students and workers will be part of sectors such as trade, risk management, engineering, and finance when choosing the career path of management and trade of oil and gas. The oil and gas industry majorly has three different sectors: upstream, midstream, and downstream. The upstream sector deals with the exploration and production of oil and natural gas. The midstream sector deals with gathering, processing, refining, storing, and transporting of oil and gas. The downstream sector is where the products are made consumer-ready. Here, the oil is refined, and the natural gas is processed and purified for consumer products.
Talking about the commercial side of the oil and natural gas industry, it focuses a lot on finance and marketing. Courses in this field involve specifically oil and gas marketing, research methods, refining and shipping, corporate finance, financial markets, and risk management.
How To Grab an Opportunity?
The national-level management entrance test, CAT is the best possible way to get admission for an MBA degree in a top tier institute/university in the country. UPES Admission 2020 can also be obtained by qualifying through the UPESMET entrance test. The candidates should hold a relevant Bachelors’s degree from a recognized university with the minimum qualifying marks to be considered for selection. Shortlisted candidates will be invited for the interview rounds and final allotment of seats will be released by the institute.
A Career In The Oil and Gas Field
Oil and Gas sectors, mostly require management professionals with a good knowledge of energy management. In this field, there are ample opportunities available for candidates who have qualified. Graduates will enter the oil and gas industries through an entry-level trainee position or in technical positions. After pursuing oil and gas management courses, employment opportunities are available in various industries such as Oil and Gas Refineries, Oil and Gas Consultancies, Manufacturers of Energy Products, Oil Well Sites and many others.
Some of the job profiles offered to graduates are:
- Energy Consultant
- Assistant Manager
- Maintenance Manager
- Field Material Coordinator
- Lab Supervisor
- Business Analyst
- Oil Field Sales
- Business Development Representative
Some of the major companies hiring graduates in the degree are HPCL, ONGC, GAIL, Reliance Petroleum, Essar Oil among others with highly paid profiles.
What is The Investment Required?
As in any management degree, let alone an MBA degree, the investment required is in the relatively higher side. UPES Fees stands at about ₹14 lakhs for the total duration of the two-year course. UPES offers ample opportunities for the students in form of placements and provides the necessary support for grabbing the best career options. Top companies arrive at the institute for recruiting the best candidates for various high-profile jobs. Average pay packages are really good at maintaining a good ROI (Return on Investment) from the institute.
Scholarships are also provided by the university to help the students not miss out on an opportunity due to reasons such as low family income etc. Concessions in UPES Fees is also available based on criteria such as performance in the entrance exam and merit.