MS in Energy Business Program Overview
Training the Future Leaders of Energy
If you want to prosper in the energy business, an online Master of Science in Energy Business from UT Permian Basin will put you on the right path. Our AACSB-accredited College of Business has designed a program specifically for energy industry professionals like you who want to earn a business-oriented master’s degree while developing skills unique to an innovative and dynamic field. In line with current and future demands of the energy industry, our program provides a robust foundation in financial principles through courses focused on energy finance, financial management, financial derivatives, and corporate finance and strategy. Our specialized curriculum illuminates key energy business concepts and empowers you with the analytical skills you’ll need to thrive and compete for management roles within the industry. There are very few online university programs like this offered in the United States!
Advantages of Our Online Program
An affordable, comprehensive program spanning all aspects of the energy business, our 30-credit MS in energy business comes right from the heart of the energy industry directly to you. Our program is delivered in an asynchronous, 100% online format that enables you to complete coursework any time of day from just about anywhere in the world. No campus visits are required. If professional and personal responsibilities keep you busy, you’ll find the convenience of our program irreplaceable.
Career Benefits of Our Master’s Degree
Equipped with an MS in energy business, you’ll be poised for greater compensation potential and prized leadership positions. According to a U.S. Bureau of Labor Statistics (BLS) report, master’s degree holders earn nearly 20% more than those who hold a bachelor’s degree alone. Further, the BLS states that those who have attained higher levels of education also enjoy higher rates of employment. No matter what your ambitions in the energy industry are, this degree can help you achieve them!
Preparation Courses
3 credit hours required.
BUSI 2342 - Principles of Statistics
8 weeks
3
The course is an introduction to the principles of statistics and their application to problems in business and economics. Topics include the basics of probability theory, descriptive statistics, sampling methods, statistical estimation, hypothesis testing, and the basics of linear regression. Prerequisite(s): MATH 1324
Core Courses
6 credit hours required. If ACCT6301 and/or FINA 6320 are waived, student can choose from the remaining courses.
ACCT 6301 - Accounting Analysis
8 weeks
3
A foundation in the fundamentals of financial and managerial accounting information designed for the planning, assessment, and control of business entities. Emphasizes the use of information for decision-making. May not be taken for MPA core or elective credit.
FINA 6320 - Financial Management
8 weeks
3
Survey of foundational concepts in financial management; in particular, introduction to capital budgeting and financing concepts that include discounted cash flow analysis and its applications to valuation of bonds, stocks, and corporate capital assets. Prerequisite(s): ACCT 6301 or equivalent.
MNGT 6320 - Production & Operations Management
8 weeks
3
The role of the operations management function within the context of an organization, be it public or private, profit or nonprofit, manufacturing or service. The course emphasizes the application of concepts of in process analysis, material management, and quality management. Both quantitative and behavioral perspectives are presented.
MNGT 6301 - Legal Environment of Business
8 weeks
3
A foundation in the role of law in our system of business and commerce both facilitating and constraining business decision-making. In addition, this course will introduce the operation of legal institutions and the fundamentals of legal reasoning.
FINA 6325 - Financial Derivatives
16 weeks
3
Introduction to derivative assets including futures, forward contracts, options and their markets, including how these derivatives are created and traded. The course covers how businesses can use these contracts to hedge corporate and investment portfolio risk. Students are introduced to the principles of valuation and pricing for these securities and the mathematical models that apply. Prerequisite(s): FINA 6320
Courses Beyond Core
6 credit hours required.
BUSI 6302 - Business Analytics
8 weeks
3
This course introduces the practical and advanced data analytics for all business majors. The course covers topics of script programming, data/statistical analysis, and data visualization. Students will practice data analytic methods and use related software to solve real-world business questions.
FINA 6321 - Corporate Finance & Strategy
8 weeks
3
Intermediate-level course covering modern corporate finance concepts. Course topics include advance capital budgeting and financing techniques as well as financial risk management and various asset valuation techniques including concepts related to Mergers and Acquisitions. Prerequisite(s): FINA 6320 or the equivalent
Energy Business Courses
18 credit hours required.
ACCT 6310 - Energy Accounting
16 weeks
3
The course will cover advanced topics in energy accounting. Topics include: joint interest audits, contractor audits, asset valuations, direct charges, carried interests, farmouts/farm-ins, transportation and refining, gas balancing, sub chapter K elections, tax credits, reclamation costs. Prerequisite(s): ACCT 6301 or equivalent.
BUSI 6309 - Global Energy Business
8 weeks
3
This course aims to provide an introduction to the business of primary energy production. We will learn about the nature of demand and supply in the context of global energy markets, and business decisions for involvement in these markets. Students will be able to recognize the unique challenges facing the relevant companies. The course attempts to offer a broad perspective of these challenges for both businesses and policy makers in such dynamic and integrated global energy markets.
FINA 6331 - Energy Finance
8 weeks
3
This course introduces students to the principal concepts and application in energy finance. Topics include: fundamentals of petroleum and value chain, oil and gas financial statement analysis, financing energy companies and projects, O&G database application, and energy risk management using derivative instruments. Students will complete an energy project incorporating major components of the course to tackle real-world problems. Prerequisite(s): FINA 6320 or equivalent.
FINA 6335 - Energy Investments
8 weeks
3
This course is designed as an introduction to the Energy Commodity, Equity, Bond, and Derivatives markets. Students will learn the unique nature of energy-related assets as hedging and speculative tools while understanding the volatility and dependence interactions between energy commodities and other conventional markets.
MNGT 6305 - Energy Technology & Risk Management
8 weeks
3
This course will focus on the role of technology in the operation of an energy firm and expand the concept of risk management to an Enterprise Risk Management (ERM) focus. Students will learn the risks associated with technological and the use of patents, trademarks, and trade secrets to protect technological advantage and the development of a risk profile for a firm from an ERM perspective.
MNGT 4324 - Energy Law
8 weeks
3
A study of energy law, including primarily the oil and gas industry, with a general overview of alternative energy sources. Prerequisite(s): Graduate Standing
Admission Requirements
Regular Admission Requirements
- Bachelor’s degree from an accredited college or university
- GPA of 3.00 or better in the last 60 credit hours
Conditional Admission
- Official transcripts certifying a bachelor’s degree awarded by an accredited college or university
- GPA between 2.99 and 2.5 in the last 60 credit hours of coursework leading to the baccalaureate degree
- 2 letters of recommendation or professional email references
- Allowed to take up to 12 credit hours as advised and must earn a B or better
- If student earns below a B, GMAT is required for readmission
- No elective course may be taken by a student in conditional status
Conditional Admission With Dean’s Approval
- Official transcripts certifying a bachelor’s degree awarded by an accredited college or university
- GPA between 2.49 and 2.25 in the last 60 credit hours of coursework leading to the baccalaureate degree
- GMAT with minimum score of 500 (based on GPA)
- Essay expressing interest may be requested
- 2 letters of recommendation or professional email references
- Allowed to take up to 12 credit hours and must earn a B or better
- No elective course may be taken by a student in conditional status
Students granted conditional status will be changed to regular status upon successful completion of a minimum of 12 semester credit hours of MS in energy business coursework with a grade of B or better in each course taken.
Official Transcripts
Copies of official transcripts must come directly from the school in a sealed envelope and can be mailed to:
UT Permian Basin
Office of Admissions
4901 E. University Blvd.
Odessa, TX 79762
Official transcripts in electronic format can be sent to admissions@utpb.edu.
Supporting Documents
All supporting documents related to a graduate program, such as letters of recommendation, essays, statements of interest, resumes, professional work experience, and awards should be sent to the Graduate Studies Office:
UT Permian Basin
Graduate Studies
4901 E. University Blvd.
Odessa, TX 79762-0001
Electronic versions of supporting documents may be emailed to gradstudies@utpb.edu.
Application Fee
The application fee is $40.
We’re pleased to offer program admission on a rolling basis.
Rolling admission refers to our process of accepting and evaluating applications as we receive them and moving any applications that miss the deadline to the next semester. However, if you want to enroll in courses for a specific semester, you will need to make note of the application deadlines found below. If you don’t complete your application and submit the required materials by the deadline, your application will be rolled over to the next semester.