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Jagpreet
07 August, 2024
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“The Energy of the mind is the essence of life” – The Works of Aristotle
You must have seen your neighbours and big buildings installing solar panels on their roofs. This is what energy management and conservation means at the bottom level. Environment conservation and energy management have been the topic of discussion for a very long time. Many global forums have taken measurable steps aiming to manage renewable and non-renewable resources. From plant maintenance to asset management, effective energy management helps achieve the sustainability goals of a business. With the increasing efforts to achieve energy management goals, the need for skilled and expert professionals in this industry is on the rise. So, if you are aspiring to be a part of this domain, getting an MBA in Energy Management is the right choice.
Now, let’s see what career avenues you will have after an MBA in Energy Management. This blog will discuss the most popular job opportunities available in this domain.
MBA in Energy Management is a two-year postgraduate programme which focuses on providing the knowledge and expertise for effective energy usage. The course will teach you to use energy efficiently and reduce the overall cost of production. In India, there are not many colleges/universities that offers this specialisation. The curriculum involves topics such as the production of energy through natural resources, how to prevent the wastage of energy sources and the extraction of oil, natural gas, and others natural commodities. You will also study the laws of energy usage which are prevalent on the global level. After completing this degree you can seek employment in both government and private sector. As companies have to adapt to the sustainability goals of the UN, they regularly need energy management professionals.
Related: MBA in Sustainability Management: Comprehensive 2024 Guide
The Energy Management market in India is speculated to show an annual growth of 7.64% with a market value of $231.1m by 2028. According to Statista , the household penetration of energy management usage is projected to hit 7.7% by 2028. In the past years, customer preferences have shifted to energy-efficient solutions for various reasons including high energy bills and environmental issues.
This growing demand for energpy management solutions has created a need for skilled and knowledgeable professionals in India and abroad. In fact, the Indian government has also taken many initiatives to expand the usage of energy-efficient solutions. Therefore, there are many lucrative career options which you can pursue if you have the right knowledge and skills. So, career options after MBA in Energy Management are not limited.
Operations Manager:
The job role of an operations manager is to plan, direct, and coordinate the operations of various departments. The exact duties will vary as per the department you are employed in or the industry you are working in. Operations managers are required in almost every company and every domain. So if you are good at planning and organising things, this job role is right for you.
Average Salary: INR 10.8 LPA
Highest Salary: INR 21.2 LPA
Energy Auditor:
The energy auditor has to focus on conserving energy and ways to reduce carbon and environmental footprints. They have to collect and analyse the data for energy flow in order to develop strategies to reduce energy consumption in buildings. Your responsibilities will depend on the company and its objectives. On a regular basis, an energy auditor has to evaluate the energy flow of a building be it small or large and residential or industrial. By this, they analyse the utility data of the building and then identify areas of improvement in energy bills.
Average Salary: INR 6.6 LPA
Highest Salary: INR 12.9 LPA
Pricing Analyst:
A pricing analyst is recruited to achieve an acceptable and mitigated exposure to costs and risks regarding the commodity or other charges. They also have to make sure that the company is offering competitive offers keeping in mind the internal and external policies. Therefore, a huge part of their job is to conduct market research to learn about competitor pricing to set a market price for the various products and services of the company. Mathematics and statistics knowledge are essential for this role.
Average Salary: INR 6.9 LPA
Highest Salary: INR 15 LPA
Energy Manager:
The responsibility of an energy manager is to ensure all energy systems are functioning optimally. They have to contribute to designing strategic energy policies and practices aligning with economic and environmental goals. This position is not limited to controlling energy costs but also to ensuring compliance with environmental standards. You must conduct energy audits, prepare energy conservation reports, and develop and manage energy conservation programmes.
Average Salary: INR 9.3 LPA
Highest Salary: INR 19 LPA
Senior Process Engineer:
He/she has to oversee the implementation and optimisation of manufacturing processes. A senior process engineer acts as a link between frontline engineers and higher management. From developing and optimising processes to leading engineering teams and implementing safety measures. They usually work in manufacturing and production companies, oil and gas industries and food processing units.
Average Salary: INR 12.4 LPA
Highest Salary: INR 22.4 LPA
Energy Management Specialist:
The responsibility of an energy management specialist is to ensure the correct installation of building automation systems, overseeing controls installation contractors, checkout procedures, controls startup and controls system testing and operational verification among others. This job requires a high level of expertise in the field, therefore, an MBA in Energy Management is an ideal choice.
Average Salary: INR 6.3 LPA
Highest Salary: INR 10 LPA
EnKing International
Energy Audit Services
GreenTree Building Energy Pvt. Ltd.
Energy Efficiency Services Limited (EESL)
Energy and Environmental Solutions
Energy management is a growing field and it is gaining popularity at a faster pace. Gradually the awareness among people is increasing for solar panels and other energy-efficient ways of living. After earning an MBA in Energy Management can prepare for this lucrative industry in the government and private sector at a competitive salary depending upon the job role.
There are several career opportunities available in the market and is expected to grow as the government is actively implementing policies and initiatives for energy saving and conservation.
The average salary after an MBA in Energy Management ranges between INR 2 LPA to 8 LPA. Please note that the salary slab is different for every job role and experience.
The highest-paid jobs after an MBA depend on the specialisation you choose. As per the current standards, Investment Banker, Data Scientist, CEO, and CTO are some of the highest-paid jobs after an MBA.
Common MBA specialisations like finance, Information Technology, Marketing Management, Data Analytics and Investment Banking are the most popular choices of the current times.
