• For Entry: January | September
  • Duration: 12 months
  • School: Social Sciences
  • Study Mode: Full Time

This course is aimed at those who seek to establish or further their careers in the power, oil and gas, mining and alternative energy industries.

The energy industries, which include power, oil and gas, mining and alternative energy, are among the few that are growing worldwide.  Demand for managers with specific knowledge of these industries is high, so this course is aimed at developing those who seek to establish or further their careers in these industries achieve their ambitions.

Funded Places Available

The University of Dundee is pleased to offer a limited number of fully-funded places to eligible students for this course. This is an initiative from the Scottish Funding Council (SFC) designed to support key sectors in the Scottish economy to develop a high-level skills base.

Only those UK/EU students who have been resident in Scotland or the EU for the preceding three years and not for the purposes of study are eligible for this funding.

See Fees & Funding section at bottom of this page for more detail.

The Centre for Energy, Petroleum and Mineral Law and Policy (CEPMLP) is one of the few centres in UK universities with the background and specialist skills to offer such a course.  Over the past few years it has been high successful in developing its teaching, research and industry contacts in management.  Courses are designed in conjunction with industry specialists and industry related learning is a core element of all courses in the Centre.

The course aims are to develop the required knowledge, skills and other attributes (KSAs) that employers in the energy industries consider essential for managers to pursue their career ambitions.  Participants will learn about the fundamentals of different energy industries, generic and sector specific management KSAs through classroom and work-based learning, which is facilitated by specialist academics and industry specialists. 

Who should study this course?

This course suits graduates in any discipline who wish to widen their subject knowledge and career aspirations in the energy industries world-wide.  The course is open to full time, part time and flexible learners.

How you will be taught

Modules start at the beginning of the academic session in September.

The course is taught predominantly in a student centred manner through seminars, workshops and work-based individual and group learning.  This includes web-supported learning for full-time and part-time students. 

How you will be assessed

Each module is assessed through coursework, typically a research paper or project, and a final examination.  It is also assessed by a individual business project.

 

What you will study

Our MSc is made up of a total of 180 credits

Core business and management

The following modules must be completed (60 Credits)

Credit rating: 20

The aim of this module is to develop the student’s critical understanding and application of models, approaches and tools for the management of complex energy and natural resources. The module examines the behaviours, contemporary influences and dilemmas within the practice of management in knowledge intensive organisations.

Credit rating: 10

The principal aim of this course is to give an appropriate understanding of the published accounts of a company and their underlying principles, so that an effective contribution may be given to the senior financial management of an organisation. Particular emphasis is given to accounts of the extractive industries.

Credit rating: 20

This module will encourage a critical and reflexive orientation to the understanding of successful approaches to strategic management and organisational analysis and develop understanding of the requirements for effective executive and organisational analyses and decision making in an increasingly complex and uncertain business environment. The module will develop an appreciation of basic concepts and essential strategic and organisational management tools for understanding data and analysing decisions. Students will learn the analytic skills needed to accomplish, defend and critique a business analysis.

Credit rating: 10

This module will introduce students to the complexities of business finance and aim to give them an understanding of the basic financial issues business managers in the energy and extractive industries are required to consider in the decision-making process. All managers, in all types of organisations, have to be constantly aware of the financial implications of decisions being made, including sources and cost of finance, return on investment and the effective management of working capital requirements. The module is designed to give students an appreciation of issues of this nature they will confront as managers and to give them the confidence in the understanding of finance to be able to ensure the correct financial information is available to them to allow for well informed decision making.

Core specialist

60 credits from

Credit rating: 20

Downstream energy law and policy is concerned with the structure and regulation of gas and electricity markets. With the advent of liberalisation, most gas and electricity markets have become semi-competitive. There are regulatory structures to control entry to the market. There are rules on how the producers / generators interact with the suppliers – either bilateral markets or pools. There are rules for producers / generators which get special treatment – frequently state-owned companies and renewable generators. There are measures to control security of supply. There are measures dealing with pass through of costs – and attempts to ensure that the consumer price does not reach unacceptable levels.

The course looks at regulatory structures – the role of government; the role of the independent regulator; the role of the market operator and the transmission system operator. The course looks at the options for structuring liberalised and semi-competitive markets. It looks at measures to reduce investment risks for additional capacity. It recognises that the position of capacity short markets is different from that of markets with capacity excess – even if in the long term, both ultimately want the same thing…cheap and reliable delivery of the commodity.

Credit rating: 20

The aims of the module are to introduce the economic principles relevant for the energy sector, and to provide an overview of the tools typically used in performing economic analysis on the energy sector. The intended learning outcomes of the module are an understanding of the essential concepts and frameworks central to the operation and expansion of the energy sector, their economic implications, and the basic economic tools for analysing them. The module is designed for an interdisciplinary audience. It is delivered through lectures, computer laboratory work, and virtual direction. It is assessed through class participation, a research paper, and an examination. A familiarity with microeconomics principles or numerical techniques is not required but would be helpful.

Credit rating: 20

This main aim of the module is to introduce students to the rational for and methods of economic regulation in energy and infrastructure industries, such as the rate-of-return regulation, price-cap regulation and franchise bidding; the issues related to regulation and deregulation; and the reasons for and pathways of restructuring of energy industries. It draws upon recent theoretical and empirical advances in public economics and industrial organization, and is intended to provide students with an analytical framework for regulatory and public policy analysis and a rigorous foundation for further study.

Credit rating: 20

The aim of this module is to:

  • To develop an understanding of renewable energy resources and the numerous technologies that converts it into useful forms.
  • To develop an understanding of the economic issues of renewable energy research, development and deployment at both private and commercial scale.
  • To develop an understanding of government and industry policies to encourage the deployment of renewable energy production and use.

Credit rating: 20

The aims of the module are to convey an economic and institutional knowledge of the electric power sector, and to develop the capacity for analysing the economic and policy issues of the electric power sector. The intended learning outcomes of the module are an understanding of the workings of the electric power industry and its economic fundamentals; and the skills to evaluate power system resources and their implications for competition or regulation. The module is designed for an interdisciplinary audience. It is delivered through lectures, problem sets, and virtual direction. It is assessed through the problem sets, an essay, and an examination. A familiarity with microeconomics principles or numerical techniques is not required but would be helpful.

Electives

40 credits from

Credit rating: 20

The main aim of this course is to introduce students to current methods of financial and project appraisal techniques that relate to natural resources and energy organisations. This is a practical course in which evaluation techniques and concepts are taught, such as discounted cash flow, internal rate of return and payback period, which are applied to realistic scenarios, leading to the preparation of spreadsheets, their analysis and interpretation of results. The student should be able to recommend the appropriate appraisal techniques to a given business investment along with an appreciation of social and other non-financial features. Taxation and sources of finance are also introduced in this module, but any in-depth analyses of them can only be provided in other courses.

Credit rating: 20

This course aims to provide students with a strategic understanding and key skills in managing people in organisations. It focuses on the core human resource problems faced by all organisations, including culture change, the contribution of human resources to organisational performance and change, and the developing role of information and communication technologies (ICT), recruitment, selection and retention, human resource development and managing knowledge, motivation and performance management, compensation and rewards, the design of work, and employee relations.

Credit rating: 20

The main objective of the course is to provide an inter-disciplinary framework for the strategic analysis of firms and markets in the extractive industries. Drawing on core topics in the MBA curriculum, in particular on the ‘Strategic Management and Organisational Analysis’ module, this module uses the field of corporate strategy to provide a series of opportunities for integrated analysis of strategies applied in the extractive industries.

Credit rating: 20

The module is designed to introduce students to the processes and skills involved in designing, scoping and managing complex projects within the constraints of time, budget, specification and customer satisfaction.

Credit rating: 20

The aim of this module is to develop a critical insight into the role, responsibilities and competences of leadership within the oil and gas business contexts. The module further seeks to create a critical awareness of current theory and practice in leadership and decision making.

Credit rating: 20

The aim of this module is to develop a critical insight into the key concepts and theories of business ethics. The module further seeks to create a practical insight into the application of stakeholder management to oil and gas business contexts.

Credit rating: 20

The aim of the module is to develop the student´s critical understanding and application of approaches, perspectives, practices of crisis & risk management, their connection to decision making & development of management policies in business, placing emphasis on energy organizations/companies.

Compulsory choice

20 credits from

Credit rating: 20

The project report contributes to the achievement of the aims of the Masters degree, by:

  • promoting a deep and critical understanding of specific issues to the specialisation of the student;
  • developing originality of thought and the skills of research, analysis, argumentation and expression;
  • building upon, developing and integrating the knowledge and skills acquired in taught modules.

The project report should be approximately 8000 words.

Credit rating: 20

The internship provides the student with the opportunity to apply in the workplace the knowledge and skills learnt at CEPMLP and to learn how professionals in the field perform their tasks.

Students who choose this option are required to source an organisation willing to offer a 3-month work placement, approved by an academic supervisor. The Internship includes the submission of a written report as part of the assessment.

The internship requires an intellectual repor of approximately 5000 words.

Graduates should be able to enter the energy industries as management trainees. Existing managers completing this course will have enhanced knowledge and skills in management.

This programme is designed for graduates with a good first degree, who aspire to work in the Energy industries. To gain admission to the programme, students are expected to hold a good honours degree or equivalent. Applications will also be welcomed from people with substantial managerial experience in the energy industries or cognate industries who do not hold an honours degree or equivalent. In these cases, applicants would have to be prepared to undergo accreditation of prior experience and learning, typically through an interview.

 EU and International qualifications


English Language Requirement

IELTS Overall 6.5
Listening 6.0
Reading 6.0
Writing 6.0
Speaking 6.0

 Equivalent grades from other test providers

 

English Language Programmes

We offer Pre-Sessional and Foundation Programme(s) throughout the year. These are designed to prepare you for university study in the UK when you have not yet met the language requirements for direct entry onto a degree programme.

 Discover our English Language Programmes

The fees you pay will depend on your fee status. Your fee status is determined by us using the information you provide on your application.

 Find out more about fee status

Fee statusFees for students starting 2017/18
Scottish and EU students £17,950 per year of study
See our scholarships for UK/EU applicants
Rest of UK students £17,950 per year of study
See our scholarships for UK/EU applicants
Overseas students (non-EU) £17,950 per year of study
See our scholarships for international applicants

Scottish Funding Council (SFC) Funding

The University of Dundee is pleased to offer a limited number of fully-funded places to eligible students across nine taught postgraduateprogrammes. This is an initiative from the Scottish Funding Council (SFC) designed to support key sectors in the Scottish economy to develop a high-level skills base.

Eligibility

Only those UK/EU students who have been resident in Scotland or the EU for the preceding three years are eligible for this funding.

Funding

This funding covers the full tuition fee cost for your chosen programme of study. You can study one year full time or two years part time on selected programmes.

How to apply for SFC Funding

There is no formal application to complete, when you apply for your chosen programme please indicate on the UKPASS application form that you would like to be considered for the SFC funded places.

Funded places will be awarded competitively to applicants with the strongest applications in the judgement of the programme leaders.

This will principally be based on a student's prior academic performance, but equivalent work experience may also be taken into account.

You apply for this course via the UCAS Postgraduate (UKPASS) website which is free of charge. You can check the progress of your application online and you can also make multiple applications.

You'll need to upload relevant documents as part of your application. Please read the How to Apply page before you apply to find out about what you'll need.

  Degree Course Code
Apply NowManaging in the Energy Industries MScP051354

Course Contact

Dr Xiaoyi Mu
Centre for Energy, Petroleum and Mineral Law and Policy
X.Mu@dundee.ac.uk
+44 (0)1382 384843