Master of Science in Energy Management


The Master of Science in Energy Management degree (MS EM) is a 36 semester credit-hour STEM (Science, Technology, Engineering and Mathematics) program at the Naveen Jindal School of Management.

DFW and the broader Texas economy boast some of the most significant energy-related companies in the world, including Exxon-Mobil, Schlumberger, Halliburton, Fluor, HollyFrontier Corporation, Calpine, Energy Future Holdings, Hunt Oil, Chief Oil & Gas, Atmos Energy and many others. This program prepares students for careers as energy management consultants and managers (oil, gas, renewable energy and electricity); researchers, analysts and traders at banks and financial institutions with exposure to energy commodities, as well as energy-producing and consuming companies; energy-focused consultants; and policy analysts at federal, state and local government agencies. The mean salary for these types of jobs in 2014 was well over $100,000.

MS in Supply Chain Management at UT Dallas To apply for this degree program, an undergraduate degrees is required (all majors are considered).

The MS in Energy Management curriculum provides a practical learning component through projects developed by industry members that teach skills in valuation of energy companies and projects, operating-strategy development, contract negotiation, and energy risk management, among others. The development of the program was motivated by a high concentration of energy companies in the Dallas/Fort Worth area and UT Dallas’ aims to address skill shortages in industries critical to the Texas economy.

  • Connect with the Director
  • Degree Plan
  • Internships and Jobs
  • Student Organization
  • Mentor Program
  • FAQs

Connect with the Director

Over the last decade, the global energy industry has undergone a significant transformation. A combination of horizontal drilling and hydraulic fracturing, enhanced oil recovery processes, smart grids, continual improvement in renewable technologies and tightening environmental regulations are changing the way energy resources are found, financed, extracted, managed and consumed. These changes are creating a need for individuals capable of successfully managing energy-related risks and developing innovative business strategies for energy producers and consumers.

The recent return of market volatility has brought about turbulence, uncovering the need for individuals skilled in energy risk management, data analytics and strategic planning.

The National Research Council estimates that as much as a third of the current energy workforce is expected to retire by the end of this decade, due in part to the generation gap that emerged during the stability of the 1980s and 1990s. Combined with the acute need for new skills, the scale of anticipated industry retirements makes this the ideal time to upgrade your skills or to launch your career in the energy industry. For more information about the program and the application process, please refer to the FAQ tab above.

 
Anastasia Shcherbakova, PhD Director, Energy Management Degree Program

Degree Plan

Program Prerequisite

Prerequisite knowledge in advanced Math (Probability/Statistics) is required for the MS in Energy Management degree program. Applicants need to have earned a “B” or better in advanced Math or its equivalent to satisfy the prerequisite. Applicants who have not satisfied this requirement may be admitted but will need to satisfy the prerequisite within the first semester of UT Dallas course work, by taking OPRE 6301 Quantitative Introduction to Risk & Uncertainty in Business.

Business Core (9 semester credit hours)

Energy Core (15 semester credit hours)

  • FIN 6335 Energy Finance
  • FIN 6336 Energy Accounting and Taxation
  • ENGY 6330 Energy Law and Contracts
  • MECO 6318 Energy Economics
  • OPRE 6389 Introduction to Managing Energy: Risk, Investment, and Technology

Elective Courses (12 semester credit hours)

  • FIN 6360 Options and Futures Markets
  • GISC 6381 Geographic Information Systems Fundamentals
  • ENGY 6331 Capstone
  • MECO 6312 Applied Econometrics and Time Series Analysis
  • MECO 6352 Financial Negotiation and Dispute Resolution

Internships and Jobs

Jobs in the energy industry provide generous compensation packages, and Texas stands at the top of the salary spectrum.

Typical 2014 Salaries for Non-Engineering Jobs in the Energy Sector
Position Median gross annual salary *
Consulting $153,000
Corporate planning $175,000
Financial analysis and planning $112,000
Administration/management $127,500
Market research $124,000
Research for publication $102,500

* Unadjusted for organization size or employee demographics and experience; does not include additional compensation (such as bonuses). Data collected by the U.S. Association for Energy Economics.

Student Organization

The Energy Association – UT Dallas is a non-professional student organization that serves as a bridge between academics and industry. The organization’s mission is to provide networking and professional development opportunities for UT Dallas students interested in pursuing careers in the energy industry.

For information on upcoming seminar speakers, networking events, case competitions, job and internship opportunities, and more, please visit the Association’s OrgSync site and Facebook group.

Mentor Program

The YPE/UTD Mentor Program matches UTD students interested in an energy career with active members of the Dallas chapter of Young Professionals in Energy (YPE), with the intention of initiating and encouraging constructive relationships within the energy industry.

YPE members mentor UTD students during a one-year program of educational and social networking events. Mentors and mentees attend program seminars and YPE functions, helping to build personal and professional connections. In addition to their YPE mentors, UTD students engage with the Mentoring Program’s corporate sponsors who seek to establish a relationship with upcoming graduates. UTD students leave the mentoring program with a breadth of new relationships with energy professionals and companies in the Dallas market.

Frequently Asked Questions

  • How do I apply to the program?

    To apply, you will need to fill out an online application form (http://www.utdallas.edu/admissions/graduate/steps-to-admission/apply-now/), and submit your latest official academic transcript, a GMAT or GRE test score, a resume, one letter of recommendation, a personal objectives statement, and (for international applicants) an English proficiency exam score. The application procedure is detailed here: http://jindal.utdallas.edu/admission-requirements/#02-ms-programs.

  • When can I apply and what are application deadlines?

    We have three admission periods: fall (classes begin in late August), spring (classes begin in early January), and summer semester (classes begin in late May).

    Deadlines for Domestic and Visa Applicants
    Term Priority Application and Documentation Deadline (Complete Admissions Application File Due) Regular Application and Documentation Deadline (Complete Admissions Application File Due)
    Fall Full-Term January 15 May 1
    Spring Full-Term May 15 October 1
    Summer Sessions October 15 March 1

    The current semester’s application can be accessed here: http://www.utdallas.edu/admissions/graduate/steps-to-admission/apply-now/

  • How much does it cost?

    Tuition fees are based on the number of credit hours a student takes each semester. You can find a detailed tuition schedule here: http://www.utdallas.edu/bursar/tuition/tables/. The MS Energy Management program requires completion of 36 credit hours, so you can estimate the total cost based on your intended course load.

    The university also has a cost of living calculator here: https://www.utdallas.edu/student/finaid/Estimated_Costs.htm and here: http://www.utdallas.edu/isso/i20-expenses/

  • What scholarships are available to students accepted into the program?

    There is a variety of scholarships available from the University and from the School of Management. The following links provide information on the available opportunities:

  • What are the deadlines for financial aid applications?

    Financial aid deadlines are listed here: https://www.utdallas.edu/student/finaid/Application/deadlines.htm. Note that financial aid applications may be due before admission deadlines.

  • What is the length of OPT eligibility for MS Energy Management students?

    The MS Energy Management program is a STEM-designated program, which gives international students a total of 29 months of OPT eligibility (an extra 17 months beyond the usual 12 month allotment).

  • What are the GPA, GRE/GMAT, and TOEFL requirements?

    You can find the most current information on admission requirements, including minimum GPA and test scores, on our admissions page: http://jindal.utdallas.edu/admission-requirements/#02-ms-programs or by contacting the Jindal School admissions group directly (JSOMGRAdvising@utdallas.edu or 972-883-2750).

  • How long does it take to complete the program?

    The program requires completion of 36 credit hours, which can be completed on a flexible schedule that accommodates the demands of working professionals. The curriculum was designed to be completed in as little as 12 months (four courses per semester, including the summer semester). Most students complete the degree within two years (three courses per semester, excluding summer semester).

  • Can I get admitted without work experience?

    Yes. We do not require work experience in the energy industry for admission. The only prerequisite for entry into the program is a background/course in statistics. This requirement can be satisfied during the student’s first semester in the program.

  • What is the program’s curriculum?

    The MS in Energy Management consists of 36 credit hours: 24 Business and Energy core credits, and 12 elective credits.

    The Energy core courses (described at the bottom of this page: http://jindal.utdallas.edu/finance/ms-energy-management/#02-degree-plan) were designed in collaboration with energy industry executives to give students a comprehensive and interdisciplinary understanding of how the energy industry functions.

    Elective credits allow deeper specialization in a student’s chosen niche of the industry, including energy finance, analytics, risk management, sustainability, global management, supply chain and logistics, and others.

  • What is the format of Energy Management courses?

    The program can currently be completed only in a classroom format. Although many Business core and elective courses are available online, the Energy core courses are not currently offered in an online format. All courses are offered in the evenings to accommodate working professionals.

  • Is there a thesis, comprehensive exam, or project to culminate the program?

    The MS Energy Management degree does not have a thesis option. There is a capstone course where students use all of their acquired knowledge in the context of a real world project.

  • How is the program connected with the industry?

    The program has established partnerships with various energy enterprises in Texas, and is advised by a council of C-level professionals from important energy companies in the Dallas area. These include upstream oil and gas producers, electricity generators, energy consultancies and data providers, renewable project developers, banks with energy lending divisions, and companies with private equity arms who finance new energy ventures.

    UTD’s School of Management also has a large alumni base employed in the energy industry in Texas and beyond. This includes positions in banks (e.g. overseeing energy lending portfolios); research, modeling, and consulting (e.g. at Wood Mackenzie); financial analysis at investment firms and renewable energy companies; project development at O&G and renewable firms; energy accounting at the big four accounting houses, and others. These strong alumni and industry ties facilitate placement of our students in internships and job positions.

  • What professional development opportunities are available to Energy Management students?

    The program currently provides professional development opportunities through the student-run club, the Energy Association, and through a mentoring program, established in collaboration with Young Professionals in Energy (YPE).

    The Energy Association leads an industry seminar series and hosts happy hours and networking events to help connect Energy Management students with industry professionals.

    Within the mentoring program, students are matched with mentors in the local energy industry during the fall semester and attend a series of breakfasts, lunch-and-learns, happy hours, and professional events with their mentors to gain more insight into the industry and begin establishing a network of professional contacts.

    Additional opportunities, including student placement in jobs and internships, are facilitated by the program’s Industry Advisory Council and JSOM’s vast network of alumni employed by the energy industry.

  • I applied to a different graduate program at UTD’s Jindal School of Management, but am also interested in MS in Energy Management. Is it possible to complete both programs or to switch from one program to another?

    Yes. Many graduate students at the Jindal School graduate with more than one MS degree. Receiving a second or subsequent MS degree requires completion of 19 additional credit hours.

    Students can also switch from one MS degree program within the School of Management to another MS program after completing the first semester of coursework without having to apply to the new program. (Note that this does not apply to MBA students.)

  • I have been accepted to the program. When is the deadline for me to make my enrollment decision?

    Although there is no firm deadline on indicating your intent to enroll, you should inform us of your decision at least one month before the start of classes. For more information on the post-acceptance process, please see http://jindal.utdallas.edu/student-resources/advising/new-students/#02-graduate-students