Today’s oil and gas industry is full of exciting opportunities. More and more professionals are opting to enter this industry, thanks to the varied job roles and career progression it offers. The energy industry is constantly expanding, with a recent report revealing that the value of job market in the industry has increased by 4% in the last year. If you are interested in working in this industry, here’s an article that will answer all questions that you might have.
Why should you pursue an MBA in oil and gas management?
Employment and commission opportunities: One of the main benefits of this ever-expanding industry is that it demands a specific educational background. This means there are often handsome commission opportunities on offer to professionals, as well as gainful incentives which makes remote-working locations attractive to employees. As you progress within this lucrative field, professionals with more seniority can quickly command higher salaries.
Technology-driven: As an field where technology drives the business, the oil and gas industry offers you the opportunity to learn and work with cutting-edge equipment. It also keeps you up-to-date with the latest trends in technologies, which helps you enhance skills and contributes to an upward career path.
Develop industry-specific skills: An MBA will ensure you gain industry-specific skills such as operations material management, refinery management, petroleum economics and oil and gas exploration management. Throughout the course you will also gain invaluable transferable skills, namely, analytical skills, communication skills and management skills which can help in your professional as well as personal development.
Travel opportunities: While this is not a given, chances of traveling for this line of work are high. Since there is a global demand for these resources and most work sites are off-shore, the oil and gas sector has high potential of offering geographic versatility to professionals.
Career prospects with MBA in oil and gas management:
The oil and gas industry makes a significant contribution to the world GDP. In 2016, oil and gas sector’s share in the global GDP amounted to 2.2% with an investment of£1.3 trillion worldwide. The exponential economic growth of the industry has had a positive influence on the job prospects. After completing an MBA in oil and gas management, you can opt for the following roles in one of the oil and gas companies, depending on your specialisation:
Engineering Technician: An engineering technician in the oil and gas industry assists the head engineer in projects. They are responsible for handling technical tasks, collecting vital data through research and organising the necessary paperwork.
Mining Engineers: The job role of a mining engineer entails ensuring that the underground resources such as metals, oil, gas and minerals are extracted with accordance to safety guidelines and efficiency.
Hydrographic Surveyor: As a hydrographic surveyor, you will have to take on various responsibilities such as collecting scientific data and analysing the underwater topography of oceans and inland water bodies. Furthermore, you will need to conduct studies that help in researching ocean currents, the impact of climate change and industrialisation on the marine environment and the construction of the seabed.
Petroleum Engineer: Petroleum engineers help find oil and gas as per the energy needs. Their typical responsibilities include designing and developing methods of oil and gas extraction from deposits below the earth’s surface and from older wells.
Engineering Geologist: As an engineering geologist, you will be required to conduct technical and scientific analysis of soil, groundwater and rocks in order to understand the impact major construction developments has on sites.
Since this industry demands professionals with specific educational background, it is important to pursue the degree from a globally-recognised business school.
If you are interested in pursuing a career in this lucrative field, you will need a related degree in the field as the industry demands professionals with a specific qualifications. London School of Business and Finance (LSBF) offers an Online Global MBA course with focus on oil, gas and energy Management. This course will help you understand the working of the industry, with a core focus on topics such as the marketing and business environment, contemporary issues in the industry, operations management and strategic management. Start your career in the energy sector and enrol for the course today!
This article was written by Meghdeep Patnaik and edited by Amelia Hayward-Cole.
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