MBA Energy Management is a two-year master's degree programme. It gives students the knowledge and expertise to use energy effectively and efficiently. The course is offered in the specialisation of management and aims to reduce the cost involved in the production of energy. In India, only 5 colleges provide MBA degrees in Energy Management courses.
Energy Management is the study of the production of energy through natural resources, such as extraction of oil and natural gas, renewable and non-renewable resources, and different sources of energy. MBA Energy Management has a huge scope when it comes to career advancements. The average salary of an MBA Energy Management graduate is Rs. 9.2 LPA for Energy Manager in India.
As of now, only a few colleges in India offer this programme since it is a relatively new discipline in management. To be eligible for the course, candidates require a bachelor's degree in any discipline from a recognised institute in India. The admissions are based on entrance examinations. CAT, MAT, CMAT, XAT, and SNAP are the popular examinations.
Popular colleges offering MBA degree programmes in Energy Management are MIT School of Technology Management, School of Management, Pandit Deendayal Energy University, Symbiosis Institute of International Business, Asian International University, and NICMAR University.
Particulars | Values |
---|---|
Degree Name | MBA in Energy Management |
Degree Type | Postgraduate |
Degree Duration | Two years |
Semesters | Four |
Entrance Exams | CAT, MAT, GMAT, CMAT, XAT, NMAT |
Eligibility Criteria | Bachelor’s degree |
Admission process | Entrance Examination/Merit-based |
Fees for the entire duration | Rs. 6 Lakhs to Rs. 12.66 LPA |
Average Salary | Rs. 9.2 LPA (for Energy Manager) |
Job profiles | Energy Performance Engineer, Energy Consultant, Product Development Manager |
Top recruiters | Sun Edison, Tata Power, NTPC, Reliance Power, Damodar Valley Corporation, National Power Corporation of India, Lanco Infratech, CLP Power, Neyveli Lignite Corporation, Adani Power, NHPC, Torrent Power |
The qualification requirements for an MBA in Energy Management are very similar as compared to other MBA specialisations. However, some colleges can also have additional requirements. The eligibility criteria for international and reserved category students are also different. In the following table, we have discussed the eligibility requirements for an MBA in Energy Management.
Eligibility Parameters | Details |
---|---|
Educational Requirements | Bachelor's degree from a recognised institute in India |
Minimum Aggregate Score (for general and reserved categories) | 50 per cent (for general categories) 5-10 per cent relaxation for candidates belonging to the reserved categories |
Provisional Admission | Candidates in the final year of graduation are eligible to apply on a provisional basis |
Work Experience (optional) | Leading management colleges such as IIMs may prefer candidates with some work experience |
Applicants who have fulfilled the eligibility criteria of the MBA Energy Management course can apply for admissions. Individuals interested in pursuing an MBA in Energy Management must meet some entry requirements, which vary depending on the university. The admissions procedure is majorly based on the marks obtained by the candidates in the entrance examinations. Listed below is the admission procedure for an MBA Energy Management course.
In India, the entrance examinations can be conducted at the national, state, or university level depending on the institute. Apart from popular examinations at the national level, some institutes may also conduct university-specific examinations. In the table mentioned below, students will find the details of some popular examinations required for admission to the MBA Energy Management course.
Exam Name | Level | Conducting Body | Exam Schedule |
---|---|---|---|
National Exam | Indian Institute of Management Lucknow | ||
National Exam | All India Management Association | ||
National Exam | National Testing Agency (NTA) | ||
University/National Level | XLRI Jamshedpur | ||
University/National Level | Symbiosis International University |
There are many MBA specialisations which cater to the diverse interests and future aspirations of the candidate. Choosing an appropriate specialisation is very important as it will help the candidate align their career paths. Some of the popular specialisations one can pursue in an MBA are listed in the table below.
The academic curriculum for an MBA in Energy Management is more or less the same for every institute. Some of the core topics of an MBA Energy Management course are Managerial Economics, Human Resource Management, Business Statistics, and Basics of Financial Management. Listed below is the MBA Energy Management syllabus for NICMAR University.
Semester 1 | |
Principles and Practices of Sustainable Energy Ecosystem | Power Infrastructure and Operations |
Semester 2 | |
Energy Reforms, Planning & Sustainable Implementation | Energy Management and Conservation |
Semester 3 | |
Summer Internship | Health, Safety and Environment Management |
Advancements in Renewable Energy and Power Systems | Clean Energy Transition: Viability and Emerging Technologies |
Entrepreneurship in Energy Business (Seminar) | Risk Management (General Elective) |
Business Strategy & Change Management (GE) | Data Sciences and Artificial Intelligence for Energy Management (GE) |
Marketing Management and Business Development (GE) | - |
Electives (Sem 3) | |
Spatial Technology and Geographical Information System (Programme Elective) | Energy Usage in Industrial Processes and Intensification (PE) |
Energy Integration and Forensic Analysis (PE) | Energy Contracts and Procurement Management(PE) |
Green Logistics and Supply Chain Management (PE) | - |
Semester 4 | |
Sustainable Finance and Integrated Reporting | Building Energy Management Systems |
International Energy Management Practices | Project Work (Industrial Project or Applied Business) |
Professional Ethics | - |
Electives (Sem 4) | |
Sustainable Development and Behaviour Change | Integrated Habitat Assessment |
Energy Asset Management | Sustainable Stakeholder Management |
Sustainable Lean Practices and Quality Assurance | Digital Transformation and Innovations in the Energy Industry |
The fee details of an MBA in Energy Management is influenced by various factors. Private institutes are generally expensive as compared to government institutes. The tuition fee generally does not include the security deposit and other accommodation fees. The average fees of an MBA Energy Management course range from Rs. 6 Lakhs to Rs. 12.66 Lakhs depending on the institute.
With the power crisis and growing issues of burnout and energy shortage, the demand for proper energy management has increased. This has also resulted in the growing requirement for qualified professionals who can manage the energy sources properly and make its efficient and effective utilisation.
Candidates who are interested in studying further can apply for an MBA or a PhD in Energy Management or a similar discipline. It will equip the students with the skills and abilities which will help them manage these resources properly.
MBA Energy Management is designed to provide students with a broad understanding of the industry. Students holding a master's degree in Energy Management can contribute to both private and government sectors. In the following table, we have discussed the important job roles and the respective salaries.
Job Profiles | Job Descriptions | Average Salary |
---|---|---|
Energy Performance Engineer | Energy Performance Engineers are professionals who find cost-effective, environment-friendly, and innovative energy sources. They use their expertise to improve efficiency and expand renewable energy sources. | Rs. 4.1 LPA |
Energy Consultant | An energy consultant is in charge of lowering a company's carbon footprint and energy use. Examining the company's energy sources, constructing models using various energy sources, assisting in the examination of manufacturing processes, and monitoring energy usage are just a few of the major responsibilities of an energy consultant. | Rs. 10.02 LPA |
Product Development Manager | Product development managers are in charge of identifying, validating, and researching new goods. They may indeed assess suitability and offer design optimization assistance. They are in charge of inventing new products or upgrading existing ones so that the company may better meet the needs of its customers. | Rs. 4.4 LPA |
Energy Management is one of the most important elements of an organisation. It supports businesses in becoming more financially competitive in the global business economy. Energy Management helps businesses in buying, converting, and sustainably distributing energy using energy management.
With an increased focus on creative energy management solutions, the need for skilled and qualified professionals is on the rise in India and abroad. The Indian government has also taken many initiatives to expand the usage of energy-efficient solutions. Therefore, there are many lucrative career options which you can pursue with the right knowledge and skills.
The average income of an MBA Energy Management graduate is influenced by a variety of factors such as the skills and experience of the candidate, work location, and the job role chosen by the candidate. The salary is also different for private and government sectors.
Job opportunities for graduates of this course are usually larger due to the massive rise of energy management sectors. Listed below are the average salary of a graduate in the private and public sectors.
Sectors | Average Salary |
---|---|
Private | Rs. 3 LPA-Rs. 75 LPA |
Government | Rs. 3 LPA-Rs. 50 LPA |
Source: Naukri.com
Several public and private higher education institutions offer an MBA in Energy Management programme. Depending on the institution and geographic region, the charge may differ. In the table below, we've compiled a list of India's best MBA in Energy Management programmes.
Due to the facilities provided by the private colleges, the fees of a private college may be higher than that of a government institute. In this section, we have listed the top private MBA Energy Management colleges along with the fees.
Colleges | Fees |
---|---|
Rs. 8.62 Lakhs | |
Rs. 7.25 Lakhs | |
Rs. 6 Lakhs | |
Rs. 12.66 Lakhs | |
- |
An MBA in Energy Management is a course that has become essential nowadays. With increasing awareness of energy prevention, the need for professionals who know will also rise. The average salary of an Energy Performance Engineer is Rs. 4.2 LPA depending on the institute.
MBA in Energy Management deals with the challenges of managing energy, power, and other related industries. MBA in Energy Management programme also covers power creation through different forms of energy.
The evolving global landscape is creating a huge job possibility for aspiring energy engineers. Energy engineers will always be in high demand, regardless of the technology used to generate and store energy. There is a continuous need to build systems that make efficient use of energy.
The average tuition fee of an MBA Energy Management course generally ranges from Rs. 6 Lakhs-Rs. 12.66 Lakhs.
Graduate requires a bachelor's degree in any specialisation from a recognised institute in India. They must score at least 50 per cent aggregate score, 45 per cent for reserved category students.
The course duration of an MBA in Energy Management is two years with two semesters in each year.
Yes, an MBA in Energy Management can prove to be a very promising course. Due to the power crisis and shortage, the need for qualified Energy Managers has increased. The scope of an MBA in Energy Management has also increased.
The salary after graduating with an MBA in Energy Management varies depending on the company, the job profile opted by the candidate and the skills and experiences of the candidate. The average salary of an Energy Manager in India is Rs. 9.2 LPA.
There are various career options after an MBA in Energy Management. Some of the careers are Energy Performance Engineer, Energy Consultant, Product Development Manager.
Sun Edison, Tata Power, NTPC, Reliance Power, Damodar Valley Corporation, National Power Corporation of India, Lanco Infratech, CLP Power, Neyveli Lignite Corporation, Adani Power, NHPC, Torrent Power are some of the leading organisations that hire MBA in Energy Management graduates.
Students who have completed an MBA in Energy Management degree can apply for a PhD in Energy Management or a similar specialisation.
Application Date:05 September,2024 - 25 November,2024
Application Date:15 October,2024 - 15 January,2025
Application Date:10 November,2024 - 08 April,2025