Oil and gas are one of the most essential industries in the world today. The consumption rate of this fuel is increasing which directly impacts the demand for professionals in this domain. It plays a prominent role in determining the economic stability of a nation. MBA in oil and gas management is specifically designed to cater to the impending demands of this industry. Given below are some good ideas to help you get started in this sector.
Reasons to pursue MBA oil and gas management:
- Lucrative salary package: The oil and gas industry offers high salary packages to professionals with upgraded skill-set. The eligibility criteria for MBA oil and gas management differs from the kind of university that you wish to join. Interesting career path: You will never feel bored with what your job might be expecting you to do. It’s such a versatile industry where you can be a part of management, marketing, field jobs, and other related job profiles.
- Learning opportunities: Every day is going to inspire you to learn new skills and improve your understanding of the subject.
Career options with an MBA Oil and Gas Management degree:
- Oil and gas consultant: Experts in this domain analyze and evaluate the oil and gas field to check the overall performance and the availability of the fuel. They examine the fluctuations in the data pertaining to accessibility and future demands. Consultants employ third party vendors to conduct research on different sites for checking the specifications and expectations to be associated with that project. They study to understand the business needs by incorporating diverse practices such as scrutinizing the annual statistics reports to detect issues and explore ways to resolve them.
- Energy analyst: As the name suggests, energy analysts are responsible for assessing the needs of energy consumption in diverse fields of life. They determine the route for the distribution of energy incorporating different channels and models for limiting the wastage. They consult their partner agencies and gather data related to their annual consumption of energy to develop ways of limiting the unnecessary use of energy through practical tactics.
- Oilfield sales management: They supervise the distribution and supply of oil while keeping a check on the revenue augmentation objectives. They develop practices of regulating growth targets by implementing effective strategies. Oilfield sales managers are responsible for crafting marketing procedures to help businesses grow their return on investments. They also train the workforce in technical skills to identify and generate opportunities.
- Sustainability analyst: The process of extracting oil and gas from their respective fields is associated with a lot of environmentally harmful procedures. Sustainability analysts are responsible for gathering data to examine the practices of safe waste disposal measures being taken into consideration at all levels of the process. The production and distribution of oil and gas are supervised by the analyst to compile reports suggesting every possible tactic being considered to limit the wastage or degradation of the environment.
- Project manager: They supervise the overall process of finding the oil wells, employing the third-party vendors for hiring the workforce, installing machinery, evaluating the output and lead the project to its final submission. They contact stakeholders and communicate the plan behind the project to its team members. Excellent communication skills with a strong ability to take the lead are required to fulfill the responsibilities of a project manager.
So, if you are aiming for an MBA in oil and gas management program then you must focus on all the points to set future goals. Research the specifications that you are looking for before signing up for the course.