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Petroleum, Energy Economics and Finance

University of Aberdeen

Master
12 months
Duration
17900 GBP/year
8300 GBP/year
Unknown
Tuition fee
Unknown
Apply date
Unknown
Start date

About

MSc Petroleum, Energy Economics and Finance at University of Aberdeen is highly regarded for being intellectually challenging and providing career-ready credentials to help increase your employer appeal within an energy economics context.

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Overview

This highly-distinctive, 1-year Masters Petroleum, Energy Economics and Finance programme at University of Aberdeen combines the disciplined study of economic principles with a deep understanding of the dynamic, constantly evolving energy industry.

In the first semester, we will make sure that you are fully versed with the key micro and macroeconomic modelling techniques. And to make financial sense of the data, there will be time spent understanding the critical aspects of financial analysis. You will also gain an in-depth understanding of energy and petroleum economics and explore issues like the Hotelling model and oil price behaviour, the role of OPEC and the issues of global warming and renewables in an economic context.

In semester two, we ramp up your strategic thinking using game theory to demonstrate how businesses interact strategically, globally. We will help to develop your individual analytical skills and judgement surrounding energy industry investment decisions having to be made in an uncertain world.

During the summer term, you will undertake a dissertation project from a range of possible key topics in the petroleum and energy industries. Past subjects have included economic evaluation of oil and gas taxation, energy policy analysis and investments in the petroleum and energy industries.

Career

We have had many students going through to successful, rewarding careers with a range of top employers. Let’s name drop a few:

  • Aditya Birla
  • BP
  • Citibank
  • Centrica
  • ConocoPhillips
  • Deloitte
  • Ernst & Young
  • ExxonMobil
  • Ghanian Petroleum Commission
  • KPMG
  • npower
  • Oil and Gas UK
  • Petrofac
  • Palantir Solutions
  • PwC
  • Sapient
  • UBS Investment Bank
  • UK Department of Energy and Climate Change (DECC)
  • Schlumberger
  • Talisman
  • Total
  • Turkish National Oil Corporation
  • UBS
  • Wood Group

The list really does go on. And so does the number of posts our past students have successfully applied for. Here’s a small selection:

  • Energy and Business Consultant
  • Strategy Analyst
  • Market Analyst
  • Commercial Analyst
  • Economist, Project Manager
  • Oil and Gas Associate

Programme Structure

Courses included:

  • Accounting 
  • Introduction to Energy & Petroleum Economics 
  • Introduction to Corporate Finance for Energy 
  • Economic Analysis for Energy 
  • Quantitative Methods for Energy Economics

Key information

Duration

  • Full-time
    • 12 months

Start dates & application deadlines

Language

English
IELTS or TOEFL needed

Delivered

On Campus

Academic requirements

GPA admission requirements GPA Your GPA, or Grade Point Average, is a number that indicates how well or how high you scored in your courses on average. Usually a GPA scales between 1.0 and 4.0, however different countries and universities can have different grading systems.
Upper Second Class (required)
GRE admission requirements GRE® The GRE® General Test is a widely administered admissions test that measures the skills needed in today's graduate and business school programs worldwide. It contains three sections - Verbal Reasoning, Quantitative Reasoning, and Analytical Writing. Three scores are reported: a Verbal Reasoning score on a 130 - 170 score scale in one-point increments, a Quantitative Reasoning score on a 130 - 170 score scale in one-point increments, and an Analytical Writing score on a 0 - 6 score scale in half-point increments.
GMAT admission requirements GMAT The Graduate Management Admission Test (GMAT) is a test intended to assess certain analytical, writing, quantitative, verbal, and reading skills in written English for use in admission to a graduate management program, such as an MBA. GMAT contains 4 sections - Analytical Writing Assessment, Integrated Reasoning, Quantitative and Verbal. The score has a range from 200 - 800.

English requirements

IELTS admission requirements IELTS The International English Language Test System (IELTS) tests your English-language proficiency on a scale of 1 – 9. The score refers to the combined average score of 4 subjects (writing, listening, speaking, and reading).
6.5 (required)
TOEFL admission requirements TOEFL® IBT The TOEFL iBT® is given online through the internet at desiganated testing site. The test measures your English-language abilities in an academic setting. The score refers to the total score of 4 subjects (writing, listening, speaking, and reading), each subject has a range of 0 - 30.
90 (required)
PTE Academic admission requirements PTE Academic PTE Academic (Pearson Test of English Academic) is a language test that enables students to demonstrate their writing, listening, speaking, and reading skills when applying to study in English. The score refers to a total score which ranges between 10 and 90.
62 (required)

Other requirements

General requirements

  • The minimum entry requirement for this programme is a degree at 2:1 (upper second class) UK Honours level (or a degree from a non-UK institution which is judged by the University to be of equivalent worth), with a strong background in quantitative methods.
  • If you have a GMAT score, please provide that information, as this will enhance your application. We may use GMAT as a condition of offer in some cases.
  • You will be required to supply the following documentation with your application as proof you meet the entry requirements of this degree programme. 
  • Degree Transcript
  • Personal Statement

Tuition Fee

  • International

    17900 GBP/year
    Tuition Fee
    Based on the original amount of 17900 GBP per year and a duration of 12 months.
  • EU/EEA

    8300 GBP/year
    Tuition Fee
    Based on the original amount of 8300 GBP per year and a duration of 12 months.

Funding

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.

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Petroleum, Energy Economics and Finance Master
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