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Explore MBA in Oil & Gas Marketing is worthwhile oil and gas business has grown in importance as worldwide demand for naturally occurring fuels has increased. This course prepares students to manage, extract, and utilise this important source of energy to its full capacity. Because the sector is always growing, specialisation in this subject provides individuals with several job prospects.
Explore MBA in Oil & Gas Marketing is designed to address this need by providing a comprehensive programme that covers the fundamental assumption of this fuel-based industry’s development, extraction, utilization, and conservation. Students can utilise creative and effective strategies to boost production and profitability in the industry by integrating business administration abilities.
For those wishing to grow in the energy business, becoming the first step to explore an MBA in Oil & Gas Marketing is a smart investment. Specialization in this sector provides students with a competitive advantage by providing them with the vast information and abilities needed to excel in the oil and gas business.
With a growing need for oil and gas management specialists, this programme provides several prospects for progress and growth.
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5 Good Reasons to Explore MBA in Oil & Gas Management
Explore MBA in Oil & Gas Marketing is the industry demands as oil and gas are one of the world’s most important industries today. It has had an important role in developing the world we live in today. Oil and gas, as one of the six essential industries, offers numerous opportunities waiting to be seized. The younger generation of professionals, including MBAs and engineers, may capitalise on the prospects in the ever-expanding oil and gas business.
So, even if there are several MBA specialisations available, why should somebody seek an MBA in Oil and Gas Management? The oil and gas industry is extremely important to a country’s economic success. With India’s economy booming, a career in this industry makes even more sense. There will always be a need for energy, and it is currently increasing.
Are you confused about selecting from the top MBA branches? Here are 5 reasons for MBA in Oil & Gas Marketing: Why Specialization is Key in Advancing in the energy sector? Let’s find the answer
1. Massive need of today
The first reason to explore MBA in Oil & Gas Marketing is that India’s oil and gas industry is one of the largest in the world. Whether it is petroleum, natural gas, or renewable energy, consumption is increasing and is expected to increase by 5% or more every year.
The consumption of petroleum products grew from 12.9 MT (million tonnes) in 2014 to 15.2 MT in 2015, according to statistics collected by the Petroleum Planning and Analysis Cell (PPAC) The rising tendency will undoubtedly increase demand for specialists in the next years.
2. High Compensation
The most attractive reason to explore MBA in Oil & Gas Marketing is that it is the highest-paying industry in the country. When you complete your MBA, you are likely to be placed by the university itself as a newcomer to the profession, you should anticipate earning between 6 and 8 LPA. The package provided exceeds those of other MBA branches. As a result, oil and gas management is a highly lucrative field in terms of pay.
3. Specialized career possibilities
Without a question, there are numerous career prospects for management experts in the oil and gas industry. The job path, however, is extremely exciting. Not only is MBA in Oil & Gas Management a highly adaptable topic of study, but professionals can also pursue a variety of job routes. After earning an MBA in oil and gas management, students can pursue their own career paths. An oil and gas management professional can work in many areas, including operations, management, finance, sales, purchasing, and marketing.
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4. Numerous Learning Opportunities
Working in the oil and gas business provides numerous opportunities for learning so it a wonderful to explore MBA in Oil & Gas Management beforehand to decide which higher education to opt for. Because the oil and gas business is dominated by Fortune 500 companies, professionals gain more exposure than they would elsewhere.
Furthermore, the functions are diversified, and MBA students work in a variety of domains. There are also opportunities to work abroad, which provides a unique professional and cultural experience. Students can choose their own career paths and can learn a lot from the oil and gas business. It’s even more exciting when the work is on-site one day and on the desk the next.
5. Reliable Industry
Another valid reason to explore MBA in Oil & Gas Marketing is not only the oil and gas business is a key industry, but job opportunities are also plentiful. The industry is in high demand, and people who work in it often do so for the rest of their lives. There are also no job losses or layoffs, as in the IT sector. Students seeking an exciting yet steady profession can benefit from an MBA in oil and gas management. Don’t be perplexed by the steadiness of the oil and gas administration. It is more stable than other MBA specialisations.
Oil and gas management is currently one of the most sought-after courses in not just India but the entire world. Since the industry indirectly supports other areas of the economy, its demand is certainly going to skyrocket further in the coming years.
After pursuing an MBA in Oil & Gas management, professionals can work with various organisations in the same sector. Not only are there phenomenal job opportunities, but the career path also looks interesting. However, choosing a good university to pursue MBA in oil and gas management will make much difference. Esteemed universities like the Dehradun-based University of Petroleum & Energy Studies (UPES) are known for their MBA in oil and gas programmes.
What is the Difference between MBA in Oil & Gas Management and A Regular MBA?
MBA in Oil & Gas Management programmes differ from traditional MBA programmes in that they focus on the needs of the oil and gas business. Furthermore, they train students in numerous sectors of the industry such as finance, accounting, engineering, project management, and so on.
This MBA in Oil & Gas Management programme’s curriculum focuses on acquiring skills necessary for functioning in this field. This entails knowledge of oil and gas legislation, taxes, accounting, finance, economics, geology, and engineering, among other things.
It is a specialised MBA programme aimed to provide students with an insight into how the sector operates. Businesses are becoming more globalised as they expand into new markets around the world. As a result, there is a greater demand for individuals who understand how other cultures operate and can assist firms in maintaining a positive reputation among these cultures.
Top MBA Oil & Gas Management Colleges
The following are the only colleges and universities that offer MBA Oil & Gas Management programs in India, Let’s Explore MBA in Oil & Gas Marketing to know about entrance tests, tuition fees and locations to have clarity.
| College Name | Admission Process | Annual Tuition Fee | Location |
| University of Petroleum and Energy Studies | UPES Management Entrance Test (UPESMET) | 16.69 lakhs | Dehradun, India |
| Rajiv Gandhi Institute of Petroleum Technology | Common Admission Test (CAT) or GMAT or GATE | 1.8 lakhs (approx.) | Amethi, India |
| Institute of Energy Management and Research | CAT, MAT, XAT, CMAT, GMAT or ATMA | 6.49 lakhs | Delhi, India |
| Pandit Deendayal Energy University | Common Admission Test (CAT) | 1.8 lakhs (approx.) | Gandhinagar, India |
| Academy of Maritime Education and Training University, Chennai | CAT, MAT, XAT, ATMA,JMET,TANCET or AMET | 5.7 lakhs | Chennai, India |
Conclusion
To sum up, our article Explore MBA in Oil & Gas Marketing justifies that it has a wide range of applications in the energy sector. With the ever-increasing demand for fuel and energy, the oil and gas industry plays an important role in the global economy. According to the International Energy Agency, demand for oil is forecast to rise by 5.7 million barrels per day by 2025, while demand for petrol is expected to rise by 1.6% per year in the next years.
As the industry expands, there will be greater demand for qualified employees with a specialised understanding of oil and gas marketing. Post-Graduates with an MBA in Oil & Gas marketing can find work in a variety of businesses, including energy consulting firms, oil and gas exploration companies, and petroleum companies.
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