Qualified energy management talent can seek opportunities in industries like airlines and utilities or as carbon credits traders, in designing implementation and management of energy management systems. Government organizations and regulatory bodies such as the BEE research institutes and other academic organizations, offer a host of roles for graduates like researchers business development officers, auditors traders consultants etc students with an MBA in Energy Management (currently offered only at the Management Development Institute, Delhi) can expect to be recruited at the mid-management level as consultants in various forms – both in the energy, as well as non-energy sector, which includes companies like Infosys, Tata Power, Reliance Energy, Suzlon Energy, ONGC, BHEL, L&T , Asian paints etc.
Like all other industries the current financial downturn has impacted the number of jobs and salary sizes in this industry as well. However, even during the slowdown companies have been hiring energy management professionals albeit in lower numbers and at lower ay packets. Last year, of the 12 students, 10 were successfully placed. Salaries depend on your degree and experience. So if you have an MBA in Energy management you can expect a salary of around Rs nine to ten lakh. This figure would obviously be lower in the case of an M Tech graduate who can expect to command around Rs four to five lakh annually institutes affected economies, MBAs had been offered sums as high as Rs 20 lakh and M Tech students were paid as high as Rs 10 lakh.
With the number of private companies venturing into the energy sector in India, the future for professionals in this industry is indeed bright. About 60 percent of world energy needs are satisfied by the oil and gas sector that faces a major talent crunch, as the contribution of alternative energy producing sectors like hydro, nuclear, coal, wind, solar, and geothermal. In the global energy pie increase the demand for professionals in this sector will increase as well, leading to rise in pay packets. The dearth of skilled manpower in this sector would also lead to a situation where professionals will have opportunities to shoulder bigger challenges and responsibilities much earlier in their career. This provides a great window of opportunity for energy professionals as they get invaluable management experience earlier in their careers.
Vouching for the immense number of global opportunities that graduates can consider Dean, Executive Postgraduate Programs, School of Energy Management says the rising number of MNCs like Suzlon, Cairns Energy Oracle Utility and AREVA has ld to increased options abroad. Additionally students also have the option of pursuing further education in fields like renewable energy management, energy trading and carbon financing fields that are generating a lot of attention in developing countries.
There are no under graduate degrees in energy management and only a few colleges have recently begun to offer engineering degrees in energy at the undergraduate level. In fact, not a single batch of energy engineering graduates has passed out yet. Even the B-schools and universities offering the MBA programs are very new. Thus, if one wants to pursue a program in energy management, it would have to be a management, M Tech or certificate program at the post graduate level. One needs to be an engineering graduate in order to pursue an M Tech in the subject. However, for a management degree, one can be a graduate in any discipline.
1) School of Energy Management , Management Development Institute Delhi
2) Indian Institute of Technology, Delhi
3) National Institute of technology Calicut
4) TERI University, New Delhi
5) National Productivity Council