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Opleiding: MBA Oil and Gas
Learning purpose
MBA OIL AND GAS*
For talented people with management career aspirations in the oil and gas industry, Middlesex University, in partnership with IBC Global Academy, offers the Oil & Gas MBA for part time study by distance learning.
How is the Oil & Gas MBA studied?
Commencing in October, the Oil & Gas MBA is delivered 100% by online distance learning over 24 months and is available globally. The course is carefully designed and delivered so that you can accelerate your professional development without having to pause your career, take long periods out from your work or travel to a distant classroom. There are no lectures or seminars to physically attend - as long as you can access the internet, the Middlesex University online learning portal provides access to written, audio and video content. It also manages group interactions, peer networking and tutorial support using a variety of e-learning tools.
Target audience
Perhaps you want to become more effective in your current management role, or engage at a higher level. Maybe you wish to broaden your managerial skill set or explore new areas of specialisation. Possibly you are one of the many professionals, such as geologists, engineers, analysts etc, looking to formalise years of technical industry knowledge and experience, and develop your management knowledge and competence.
Whatever your motivation, the rigorous academic approach, experienced faculty, internationally engaged student peers and proven online learning environment of the Oil & Gas MBA will help you realise your leadership potential and fast-track your career.
Programme
The Oil & Gas MBA programme offers proven management training with a special focus on the oil and gas industry and allows students to gain an internationally recognised Masters of Business Administration qualification from a leading UK university.
The part-time distance learning course comprises six modules followed by a Business Transformation Project, studied over two years.
Module 1: The Global Oil and Gas Industry (20 credits)
Objectives:
- Provide the context in which the global oil and gas industry operates, highlighting its global significance in the past and present
- Identify the key players in the international oil and gas industry
- Explore the main challenges facing the industry, its responses to these challenges and future directions within the wider energy context
- Analyse international energy policy frameworks and strategies
- Explore the principal licensing and contractual arrangements used in the global oil and gas industry
Module 2: Business Strategy (30 credits)
Objectives:
- Inform students of the key developments in, and thinking derived from, the study of strategy
- Explore models and theories of strategy and their application by practising managers
- Critically appraise where and when such models are useful
- Provide examples and exercises that illustrate these concepts with the intent of building capability in strategic thinking and practice
Module 3: Executive Leadership (30 credits)
Objectives:
- Illustrate how the processes of contemporary human resource management support organisational performance
- Explore the key elements of the 'HR cycle' (resourcing, managing performance, developing and rewarding)
- Identify areas of overlap between management and leadership and to investigate the competencies and behaviours associated with management and leadership
- Develop leadership behaviours that will enable students to manage performance as well as lead change to improve organisational performance
Module 4: Advanced International Marketing (20 credits)
Objectives:
- Explore marketing and communication strategies in the context of oil and gas organisations
- Enable analysis of current marketing strategies to apply appropriate techniques
- Develop students' abilities to:
- Identify actions that enhance profitability
- Create a communications strategy and plan
- Create a marketing strategy and plan
- Outline the business case for such plans
Module 5: Oil and Gas Finance and Risk Analysis (20 credits)
Objectives:
- Provide a comprehensive grounding in petroleum economics including cash flow principles throughout the value chain
- Give an understanding of how investment decisions are made through a thorough analysis of variables and uncertainties
- Explore the management and mitigation of risk and uncertainty in the financial context
- Allow students to practise the valuation of oil and gas assets, portfolios and companies
Module 6: Managing Projects and Optimising Operations (30 credits)
Objectives:
- Examine the principal project management tools, methodologies and implementation strategies
- Promote understanding of the link between strategy and operations, across key domains of operations management in the oil and gas industry
- Analyse the role of research and development in shaping innovative approaches to operations management and in the wider organisational context
Business Transformation Project (30 credits)
The project module is a significant part of the course and provides the opportunity to integrate the skills and knowledge gained on the MBA by applying these to a substantial and real business issue. The Business Transformation Project develops your research skills by ensuring you can critically appraise and apply theory relevant to a specific real-world business problem for yourself, employer, client or chosen sector.
You can use this project strategically according to your goals. You might work with your employer to address a relevant business issue, or, if you are looking for a change of direction, as an independent project which will support your future career development.
Whatever your perspective - consultative, research or entrepreneurial - you will be expected to exhibit a high level of proficiency in the design and application of research, data collection and analysis. The presentation of results and implementation of the final action points are critical.
You will be encouraged to work in peer groups or "Action Learning Sets" to support each other during the period of your project work. These are self-managed work groups that address common problems and issues at work in a participative and structured way.
Entry Requirements
To study the Oil & Gas MBA, you'll preferably have a second class honours degree or above, or an overseas equivalent qualification. You should also have a minimum of two years' managerial or professional experience in a full time position.
If you do not hold an honours degree you will be required to demonstrate significantly successful managerial experience and may be required to complete a GMAT test obtaining a minimum score of 550. Managerial experience means managerial responsibility for people and/or functions and/or technical expertise such as, for example, engineering or operations.
Where English is a second language you may be required to demonstrate a minimum IELTS score of 6.5 or a TOEFL score of 575.
Professional perspective and employment market
An MBA can help you develop and advance in your career through enhanced responsibility and financial reward, whether with your current employer (who may have sponsored you for this reason) or a new employer. An MBA is often a catalyst to drive career change from an experienced practitioner role to a management level role, or a step in starting a new business. An industry specific MBA, such as the Oil & Gas MBA, can make you more valuable within the industry sector.
The Oil and Gas MBA can significantly advance your career by giving you:
- Strong international management competencies
- Enhanced capabilities to lead, think and act more strategically in an international arena
- The confidence to operate across all areas of the industry
- Advanced business and management skills on top of existing practitioner skills
- An understanding of the challenges in other areas of the industry
- Awareness of personal strengths and opportunities for improvement
- The ability to apply knowledge as you learn it in real time and the real world
- A demonstrable ability to meet the challenges of a senior management role
- The academic skills and intellectual habits to continue developing after completing the MBA
- International networking and support opportunities through lifelong alumni membership
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