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Petroleum, Energy Economics and Finance, MScEcon

  • Application Deadline
  • 12 months
    Duration
University rank #194 (QS) ,
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.

About

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

Accreditation

This degree holds accreditation from The Energy Institute.

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

Detailed Programme Facts

  • Programme intensity Full-time
    • Full-time duration 12 months
  • Languages
    • English
  • Delivery mode
    On Campus

English Language Requirements

  • Minimum required score:

    6.5

    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
  • Minimum required score:

    90

    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:

    62

    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. Delivered and marked by computer, it reports on a scale between 10 and 90.

Academic Requirements

You need the following GPA score:

Required score: Upper Second Class

Applicants for graduate programs must have the equivalent of a bachelor’s degree with a minimum GPA equivalent to Upper Second Class on the UK Honour scale. Admitted applicants typically have an undergraduate GPA of or better on the UK Honour scale. No exam grade should be lower than 4.5 (European grade scale) or D (American grade scale).

Your GPA (Grade Point Average) is calculated using the grades that you received in each course, and is determined by the points assigned to each grade (e.g. for the US grading scale from A-F).

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.
We've labeled the tuition fee that applies to you because we think you are from and prefer over other currencies.

Living costs for Aberdeen

  • 729 - 1070 GBP/month
    Living Costs

The living costs include the total expenses per month, covering accommodation, public transportation, utilities (electricity, internet), books and groceries.

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.

The Global Study Awards: get funded with up to £10,000 to study abroad

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.

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