FAQ

1. Why is energy management gaining importance today?

Energy is one of the most important building blocks in human development, and, as such, acts as a key factor in determining the economic development of all countries. In an effort to meet the demands of a developing nation, the energy sector has witnessed a rapid growth.

In previous decades the supply of domain specific Managers were less in this sector. Due to sudden growth in the sector and huge investments by the Indian Government and through public private partnership, demand for domain experts and executives having business acumen has increased many folds. The focus is not only restricted to power but also to Oil & Gas and other renewable and Non-renewable sources.

These days  companies are looking forward to not only just run their business but also to run it energy efficiently by conserving energy, reducing wastage and shifting to greener technologies .

2. Why do you think a student should study energy management instead of a general MBA?

With the growth of the energy sector, such as solar, wind etc , there is currently a huge deficit for Managers who imbibe in themselves a combination of good business skills along with domain specific knowledge. The accelerated rate at which the Energy Sector has grown needs to be supported with talented workforce . The Energy sector also seems to be a lucrative sector for the Indian companies as there is scope of huge returns.  Hence it is not surprising to see several companies having a separate workforce  to cater to the needs of this sector. If we take India as an example, growth has been the highest in the power sector.

 Management Development Institute (MDI), Gurgaon, runs a specialized program in Energy management for Executives from the Energy Sector. The courses taught here range from a wide array of general management subjects such as Marketing management, Micro- and macro- economics, Corporate Finance, Business Strategy, Organizational behavior , Research methods etc to courses specific to impart knowledge about the Energy Sector , both in the Indian and global context.  The Institute has been successfully running this specialized course for the past few years and is being viewed as having great potential in the near future by both industrialists and the students.  Being located at the center of Indiustrial hub in Gurgaon acts as an added advantage. 

3. What are the career prospects after the MBA in energy management? What sectors can they work in?

As far as career prospects are concerned, there is the need for energy management personnel in almost all fields of economic activities such as Refinery & petrochemicals, Housing, Real Estate & Construction, Cement, Pharmaceuticals, Infrastructure, Manufacturing, Chemicals, Hospitality, Automobile, Mining, Food Processing, Iron & Steel and many more. This course caters to the needs of the Power, Oil and Gas and Renewable Industry. Various fields that can be taken up in Oil and Gas Sector are Business Analysis ,  Oil & Gas Marketing ,  Carbon Emission Trading ,  Research Analysis ,  Consultancy etc.In Power Sector , the positions may include Project/Operations Manager , Commodity Trader , Business Analyst , EPC Manager , Research Analyst , Customer Support Manager, Technical Consultants etc. Currently Solar and nuclear energy are seen as the future sources of energy which would replace the current dependencies on Oil imports and hence there is good amount of recruitment in this sector. India being a developing country, reducing the dollars spent in oil imports makes a huge difference towards the country’s revenue which could then be directed towards other developmental activities.

The students are usually positioned at the Mid- management level and are gradually groomed to hold top positions in the company.

 However, since the course includes general management subjects too it would be wrong to say that the career prospects get limited to the Energy sector only. Students can choose to use their acquired skills in the field of Marketing , strategy, sales  etc also.

4. What is the primary focus of this Energy Management programme?

Energy sector in India is passing through critical times. India’s growth aspiration could be severely affected due to constraints in energy supply. Keeping in mind the bourgeoning demand-supply gap in an energy starved nation like India, which is further distorted by wasteful management practices, there is an immense investment scope in energy infrastructure and energy management in an environmental friendly manner. MDI became the pioneer by launching a program to train professionals in the areas of energy management. This program was launched in 2005 to address these issues with the help of USAID and Ministry of Power. The program develops your skills and abilities to apply management theories and concepts to live problems in the field of the energy as well as address old and contemporary issues in this field .Over the last year its domain has been broadened from power to other spheres of energy namely oil & gas, coal, carbon market, energy efficiency etc.