Sustainability is the key to a secure future. We are quite aware of how natural resources are depleting with time. This is an environmental issue at an international level, so people across the world are taking initiative to restore these resources. As a student, if you’re interested in learning how power and energy resources reach the masses and powers our life, a degree in Power Management is perfect for you. This course enables you to understand the vital usage of power and how can we reduce its consumption through efficient utilisation of a power source or the device. In this article, you will learn about the specifics of an MBA in Power Management and what it entails.
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Understanding Power Management
Power Management deals with an efficient creation, utilization, distribution and transmission of power resources. Further, it also involves studying technological advances in power plants, hydropower, nuclear power generation, engines and a host of other elements.
Power Management as a Degree
Incorporating fundamental business, management, finance and strategy concepts, an MBA in Power Management aims to develop a comprehensive and technical understanding of the power sector among students. In particular, it introduces you to the concepts and issues related to the power consumption along with the prevalent tools and techniques of its resolution so that individuals can come up with innovative and efficient solutions. Also included in the course are topics such as contemporary issues related to power generation and distribution, international overview and so forth.
Also Read: MBA Admission Process
Similar to other specialised MBA courses, an MBA in Power Management is a 1 or 2-year postgraduation degree focusing on teaching managerial concepts in the first year. Through the second year, it delves into extensive analysis of power-related topics such as Regulatory Framework, Environmental Impact Assessment, Power Station Management, Risk and Hazard Management, Energy Audit, Power Pricing and Power Purchase Agreements amongst others.
With the first half largely concentrating on teaching basic management concepts and principles, the second half of the MBA curriculum varies. It focuses on blending theoretical knowledge with effective application through seminars, workshops, industry visits, case-study analyses, research projects and industry experience.
A few of the crucial subjects covered over the duration of the course have been mentioned in the following below:
- Fundamentals of Management
- Business Communication
- Power Generation
- Power Transmission and Distribution
- Power Economics
- Operations and Materials Management
- Energy Power trading & Network Administration
- Power Financial Management
- Supply Chain Management
- Strategic Management
- Energy and Business Law
- Hydro and Nuclear Power Resources Management
- Smart Infrastructure
- Global Power Business
- Risk Management
Skills Required in Power Management
To work in the power sector or other allied industries like renewable and non-renewable energy management; sustainability; international business management; quality management and logistics, a highly intensive understanding of the relevant field is required. But it is not limited to that, because you need to also complement it with the following set of skills:
- Critical Analysis
- Ability to prioritise and balance conflicting interests
- Advanced Mathematical Aptitude
- Project Management
- Updated with international contemporary issues regarding power
- Familiarity with relevant regulations
Also Read: Skill Development Courses
List of Universities and Colleges
Known to be an emerging field, an MBA in Power Management provides business professionals with relevant knowledge in the power sector and ways to solve the energy crisis. Choosing the right place to begin your career is crucial, so to help you narrow down your search to the best, we have brought you a list of renowned universities and colleges that offer a master’s degree in Power Management.
- University of Southern Queensland
- University of Leeds
- Coventry University
- Curtin University
- University of Glasgow
- Cardiff University
- University of Canterbury
- Massey University
- Trinity College Dublin
- University of South Wales
- University of Bristol
- Virginia Tech
- The University of Sydney
- The University of Sheffield
A degree in Power Management opens up opportunities not only in core Power and Energy Management companies but also in traditional sectors such as Strategy, Consulting, Finance, to name a few. Due to a highly intensive and rigorous nature of the coursework applied through diverse means, it is highly regarded in all the sectors. Those interested to work in NGOs, rural development or desire to set up their own business can also go for the course reservations.
A few of the popular work profiles have been mentioned below:
- Power Planning
- Efficiency management
- Project Manager
- Commodity Trader
- Business Analyst
- EPC Manager
- Strategy and Consulting
- Research Analyst/Associate
- Project and Resource Planning
- Environmental Management
MBA in Power Management can be rewarding for graduates with an enthusiasm for sustainability and Environmental Sciences. If you are interested to build a career in the energy and power sector, but feel uncertain and hesitant in pinpointing your interests for a particular field, the smart AI-tool at Leverage Edu may just be perfect for you. It algorithmically maps your strong points and suggests course and university combinations based on it, in turn helping you make the right step towards a vibrant career.