This Master of Science program is based on international cooperation between Nord University Business School (Norway) and its partner university MGIMO (Moscow State University of International Relations) in Russia.
The program aims to broaden candidate¿s understanding of energy governance and business, sustainable development and green transition across the world. New professionals need to understand the complexities of the efficient use and management of fossil and renewable natural resources. There is also need to understand interests and constraints of multiple stakeholders ¿ governments, companies and contractors, capital markets, and NGOs. Energy policies, resources, exploration, and extraction in the Arctic, cooperation between energy companies and governments, electricity generation, climate policy, systems and tools of energy management, circular economy, and corporate social responsibility are some of the subjects that are studied as part of the master program.
We aim to give you a comprehensive understanding of the economic, governance and institutional issues and methods relevant to energy management and sustainable development. It will help you to develop proficiency in the constructive use of theories of business and management and will give you an essential toolkit for analysing business and energy-related problems. With escalating demand and constraints on supplies of energy, fluctuating energy prices, regulatory pressures to reduce carbon emissions and a dynamic geopolitical situation, there is an increasing need for professionals in the energy field of today and tomorrow.
In the first semester of the study program, compulsory subjects will be completed, which will provide students with broad knowledge within economics, with advanced knowledge of theoretical perspectives and models within the fields of change management, strategic analysis, valuation and profitability analysis, and research methodology. The subjects develop skills to critically evaluate established theories, models, information and its sources, and the ability to illuminate business-economic business situations and issues with ethical principles.
The second semester brings more advanced theoretical knowledge in business and energy management topics. Both global and Norwegian contexts will be a continual theme throughout the semester, accompanied by issues such as world energy markets, energy policies, geopolitics, and governance. Also, some significant issues of circular economy related to the energy industry will be covered. The courses are offered at Nord University Business School, campus Bodø. Students from MGIMO University in Moscow, Russia take courses in Bodø, Norway together with the programs local students.
The third semester aims for the students to acquire, expand and integrate more in-depth knowledge and skills in theory and methodology. Various class activities will be organized to improve the students¿ knowledge of the international environment of the energy industry, the management of energy resources and the international trade systems as well as master classes delivered by the representatives of leading international companies in Moscow. The third-semester courses are delivered by MGIMO University in Moscow, Russia and are joint courses for students from Nord University Business School and the MGIMO students. Some courses this semester will include an understanding of Russian business and Russias role in the global energy market.
During the fourth and final semester, the students are to write and complete their masters thesis. There are opportunities to collect empirical data and to write a master thesis in the cooperation with partner universities in Canada, Russia, and China.
Study progression requirements
The student must have completed a minimum of 45 credits from their first year of study to commence the 3rd-semester courses. Students must have successfully completed the methodology course and taken their mandatory exchange semester to commence their masters thesis.
You can apply until:
Always verify the dates on the programme website.
You only need to take one of these language tests:
Minimum required score:
The TOEFL iBT ® measures your English-language abilities in an academic setting. The test has four sections (reading, listening, speaking, and writing), each with a score range of 0-30, for a total score range of 0-120. Read more about TOEFL iBT ®.Schedule TOEFL®
Minimum required score:
The TOEFL®PBT is administered in a paper format and measures your ability to use and understand English in a classroom setting at the college or university level. It accurately measures how well you can listen, read and write in English while performing academic tasks. Read more about TOEFL®PBT.Schedule TOEFL®
Minimum required score:
The IELTS – or the International English Language Test System – tests your English-language abilities (writing, listening, speaking, and reading) on a scale of 1.00–9.00. The minimum IELTS score requirement refers to which Overall Band Score you received, which is your combined average score. Read more about IELTS.Schedule IELTS
The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.
Studyportals Tip: Students can search online for independent or external scholarships that can help fund their studies. Check the scholarships to see whether you are eligible to apply. Many scholarships are either merit-based or needs-based.
Together with the ISIC Association and British Council IELTS, Studyportals offers you the chance to receive up to £10000 to expand your horizon and study abroad. We want to ultimately encourage you to study abroad in order to experience and explore new countries, cultures and languages.