India's mega energy program will meet the rising demands of the energy sector (oil, gas, coal in conventional energy, wind, solar and hydropower in new energy). The energy and renewables sector has generated jobs and created wealth. As per the National Research Development Corporation, the Indian solar industry can create 3.4 million jobs.

MBA in Energy Management is a 2-year postgraduate degree that prepares students to face the challenges and drawbacks of managing energy or power and associated sectors in India. Different B schools in India providing the MBA degree with a specialization in the energy sector have different fee structures. It is provided by private and public universities. It comes with a fee of 1.15 lakhs to 22.28 lakhs.

Students applying for this course take entrance exams like CAT, MAT, XAT, etc., or any other entrance exams as per the specific university and college. The entrance exam and cumulative marks obtained in graduation and at the school level will be followed by the group discussion round and the personal interview round.

The MBA Energy Management program is for candidates who can lead change and actualise ideas. The fee structure for an MBA in Energy Management package ranges between INR 6 lacs to 28 lacs per annum.

What is MBA Energy Management?

The MBA Energy Management program introduces students to the evolving realities of the energy sector in the nation. Most MBA in Energy programs focus on the leadership development of an individual who can respond to the challenges that the energy sector will face in the future. It introduces students of this course to functional areas of management. It teaches new concepts, ideas, and best practices in the energy sector.

The course empowers the professionals to provide responsiveness, understanding, and the enactments related to the energy sector. In general, the duration of this course provided by most of the top universities in India is not more than 2 years.

In most colleges, the course is divided into two semesters per year. Students may have to take an internship towards the end of their course to have practical experience. After the end of the course, both students and professionals may opt for Ph.D. courses in the energy sector or may secure high-paying jobs in some very prestigious companies in India.

MBA Energy Management Highlights

Key elements: MBA Energy Management 

An MBA in Energy includes:

• Energy Economics: Energy markets, pricing, and supply chain

• Energy Policy and Regulation: Understanding of policies, regulations and incentives.

• Sustainable Energy: Peak-time electricity, low-carbon technologies, and electricity optimizations.

• Systems, Modeling, and Simulation: The development of in-depth understandings of the underlying principles that govern how energy systems interact; methods and techniques are developed to simulate how systems will behave given the inputs.

• Supply Chain & Logistics: Knowledge of and management of energy resources and infrastructure.

Reasons to pursue an MBA in Energy Management

Educational courses in energy management are designed for individuals who want to build a career in the energy or power sector. The course requires good judgment skills, strategic thinking ability insights about the market a global mindset and global knowledge. The demand for professionals in this industry has increased leading to an increase in earnings too. Regulatory compliance, renewable energy and energy efficiency are taught during this course and can be practiced at a global level. Hence, making the course more in demand.

Pros of Pursuing an MBA in the Energy Sector in India

• Huge Market: With an increasing population and consequent advancements in technology, there is further energy demand for renewable and non-renewable. Economic growth and industrialization are expected to increase energy consumption, and the population explosion is expected to increase energy consumption.
• Renewables: The government is committed to an ambitious renewable energy agenda that includes solar and wind projects as well as energy efficiency programs. According to a recent update India's installed solar power capacity stood at 92.12 GWAC. Safety net 2070 is a target and the condition that India targets is having 500 GW of renewable energy (of which 250 GW of solar energy) by 2030.
• Career Opportunities: As industries need energy, sustainability, and infrastructure improvements, MBA graduates also have access to various general or specialized roles.

Eligibility Criteria for MBA in Energy in India

The following are the conditions for admission for candidates who are willing to obtain a degree in management in the energy domain:

1. A B.Sc. in Engineering/Bachelor Degree PCM from a recognized university with at least 50% of aggregate marks is considered eligible for the course.
2. Admissions Process of Course: The aspirants must have appeared for the entrance examinations, CAT, XAT, CMAT, or university-specific entrance examinations.
3. The next round [after submitting the entrance exam score will be a group discussion and a personal interview, which vary from one college to another.

MBA Energy Management: Entrance Exams

In India, a few common entrance exams are conducted for entering into different MBA universities.

The Common Admission Test or CAT is the most popular among all entrance tests, conducted yearly, every November. The three sections of the exam are verbal and ability, quantifiable ability, logical reasoning, and data analysis.

Xavier's Aptitude Test, popularly known as XAT, is a national online entrance test conducted to select candidates for management courses in prestigious universities. More than 150 Indian colleges accept the score, including XLRI, SPJIMR, XIMB, IMT, and TAPMI. It is normally held in January.

The Common Management Admission Test (CMAT) is a national-level entrance exam conducted by the National Testing Agency (NTA). It is conducted annually, in January. 

SNAP: Symbiosis National Aptitude (SNAP) is an exam for those aiming for an MBA / M.Sc. program at the Institutes of Symbiosis International. It is conducted thrice in December. A candidate can appear for either one, two or all three exams with the best score selected. 

Subjects 

This program named MBA in Energy Management covers a wide range of courses like Principles and Practices of Sustainable Ecosystems, Power Infrastructure and Operations & Maintenance, Energy Market Outlook and Value Chain, Clean Energy Transition: Viability and Emerging Technologies and many other courses. With the help of such courses students will get hands-on experience so that they can open up to the numerous opportunities in the job market.

Job Profiles and Career Prospects for MBA in Energy 

Management graduates are going to get a unique opportunity with an MBA in Energy and Power Management to play a significant role in the most vital sector of the economy, the energy and power sector at the intersection of business, technology, and sustainability.

The energy and power sector in India is moving by leaps and bounds due to a transition to renewable energy, growing energy efficiency demand, and an overall global shift towards sustainability. This gives a significant number of job opportunities available in the energy-related market in India.

MBA students in energy management acquire the competencies that help them put up their leadership and innovative value for this rapidly emerging field. Those who perform well by completing their coursework have ample job opportunities in store.

Leading Companies taking MBA Graduates with a Degree in Energy Management

• Adani Power

• National Hydroelectric Power Corporation

• NTPC

• Reliance Power

• Tata Power

• Educational Organization

• Damodar Valley Corporation

• Neyveli Lignite Corporation

Several companies in India require professionals with energy management skills and abilities. As utility and energy analysts, energy consultants, energy market reporters, and energy auditors, students would secure energy jobs, and other posts are also available.

The following list mentions management colleges in India specializing in energy sector management courses.

Today in India, strategic investments are focused on managing energy usage. Energy management systems are increasingly needed in the commercial, residential, industrial, and public sectors of businesses. With an increase in the use of smart meters and smart grids, the market value grows.

Colleges with specialisations in  Energy Management / Specialised PGDM/MBA in Energy Management- Fees

The college names mentioned below are the top colleges for an MBA in Energy Management, according to the NIRF Ranking. The table includes government and private colleges. The top colleges include The University of Petroleum and Energy Studies with a fee of ₹17.53 lakhs. These colleges offer a 2-year PGP/ MBA in International Business. The students interested in the program can go through the table to learn about more colleges and their respective fees.

Colleges with specialisations in  Energy Management / Specialised MBA/PGDM in Energy Management: Average Package 

The colleges mentioned below are the top private and government colleges, according to NIRF, that provide a specialized degree in MBA in Energy management where the curriculum primarily focuses on topics related to energy like sustainability practices, energy auditing, and renewable energy technologies. The table mentions the duration of the course and also highlights the average package of courses from each college. 

What is MBA Energy Management?

The MBA Energy Management program introduces students to the evolving realities of the energy sector in the nation. Most MBA in Energy programs focus on the leadership development of an individual who can respond to the challenges that the energy sector will face in the future. It introduces students of this course to functional areas of management. It teaches new concepts, ideas, and best practices in the energy sector.

The course empowers the professionals to provide responsiveness, understanding, and the enactments related to the energy sector. In general, the duration of this course provided by most of the top universities in India is not more than 2 years.

In most colleges, the course is divided into two semesters per year. Students may have to take an internship towards the end of their course to have practical experience. After the end of the course, both students and professionals may opt for Ph.D. courses in the energy sector or may secure high-paying jobs in some very prestigious companies in India.

By the year 2030 there is going to be approximately 225 GW of investment in renewable energy in India as well as other countries. The future scope of this field is determined by the amount of conventional and non-conventional energy an organisation can hold. This also depends on how the need and significance of energy management is growing every day. Thereby, increasing the scope of an MBA in energy and power management.

Energy management is required more in India as it has planned to invest 225 GW in renewable energy by 2030. Therefore various organizations are required to invest energy from conventional and non-conventional sources. This provides a larger scope for an MBA in energy management.

Based on recent trends the energy management sector is a fast-developing sector with a five-year compound annual growth rate of 19.1% with the leading 10 major players standing at $2145 million as of October 2023.

India houses one of the world's most rapidly growing economies and is set to develop at around 8% for the next 15 years. As India is a rapidly growing populace the usage and generation of energy have also grown since 2000. Thus this need adds to the growth of vacancies in this sector. For those already working in the discipline who want to advance in their career there's always an MBA in Energy Management followed by a Ph. D. in Renewable Energy.

Conclusion

The program prepares graduates for energy and renewable energy management career opportunities. Career opportunities in the energy sector like development climate assessment and other eco-sustainable careers. This career will be driven by ongoing demands to reduce carbon footprints and emissions, maximize energy utilization and potential and create renewable energy capital. In the current age and age-to-age developing energy industry, students who aspire to make their career in this industry will not only be associated with the story of development but also with one of the intrinsic problems of the modern age. By pursuing an MBA specialization in Power Management a person has many scopes in other organizations and NGOs.