Energy Technology Economics and Management (ex-PEM)

Energy Technology Economics and Management (ex-PEM)
Overview
Language
English
Prerequisites
4 or 5 years of higher education
Training pace
Continuous
In brief

Presentation

The energy transition aims to find substitutes for oil and gas by emphasizing technological innovation. Nevertheless, the economic and financial challenges faced by these sectors cannot be ignored.
Our Energy Technology Economics and Management program will provide you with multifaceted expertise, recognized for the ability to fully grasp the economic challenges within the sector. You will receive customized training developed in cooperation with renowned international academic partners, and you will work within a multicultural environment that will advance your career on an international scale. Energize your potential!

nota bene: this new program, which will start in 2022, replaces the "Petroleum Economics and Management" (PEM) program.

The key points of the program

Multicultural
International mobility
Pluridiscipinary

Career prospects for graduates

41%
Energy: economics/marketing and management
22%
Energy: upstream and downstream techniques
14%
Banking and trading
14%
Consulting
9%
Autres
Program & planning

Program at IFP School

This program, taught in English, covers three main themes:

 

Business and management

  • Business accounting

  • Strategic management and marketing

Energy

  • Energy geopolitics
  • Upstream management
  • Downstream management
  • Electricity management and digitalization
  • CO2 economics and sustainable energies
  • Energy markets and trading
  • Petroleum engineering: reservoir and production
  • Refining and process engineering

Quantitative tools applied to energy

  • Energy systems modeling

  • Decision science and optimization

  • Financial econometrics and forecasting

Program of the partner institutions

The Energy Technology Economics and Management program is organized in collaboration with partner universities. Students must attend a fall term in one of the following partners, in the case of “Single degree + internship” track:

  • Audencia Business School (France)
  • CEPMLP – University of Dundee (Scotland)
  • China University of Petroleum at Beijing (China)
  • ESSEC Business School (France)
  • Skoltech (Russia)
  • University of Sao Paulo (Brazil)

When attending two fall terms in one of the following institutions, successful students are awarded two degrees.

  • Colorado School of Mines: MS Mineral and Energy Economics
    • micro/macro-economics
    • mineral asset valuation
    • energy economics
    • etc.
  • Gubkin University of Oil and Gas: Master of Economics
    • micro/macro-economics
    • petroleum economics
    • mathematics and statistics
    • etc.
  • The University of Oklahoma: MBA program
    • marketing
    • financial analysis
    • business strategy
    • operations management
    • etc.
  • Texas A&M University: M Eng in Petroleum Engineering
    • reservoir engineering
    • fluid flows
    • drilling
    • production
    • EOR
    • etc.

Planning

The two examples of schedules shown below correspond to the most frequently encountered cases for students in this program: 16-month program for students with a 4- or 5-year degree

  • with two terms on the partner’s campus (CSM, OU, TAMU, Gubkin) to obtain a double-degree
  • or with one term on the partner’s campus (all other partner institutions) and a placement period in a company for the IFP School single-degree track.


Planning of Petroleum Economics and Management

 

 

Career opportunities

Fields

  • Energy business and economics
  • Strategic management and marketing
  • Management consulting and analytics
  • Energy finance, banking and trading
  • Energy techniques and engineering

Jobs

A few examples:

 

  • Energy industry analyst, market economist: analysis of the oil, gas and electricity markets. Short-term and long-term price and trend forecasts
  • Project economist: energy project profitability study (upstream, downstream, power and renewables) and feasibility studies
  • Trader/assistant trader (back, middle or front office): hedging tools and physical flows management
  • Consultant: project studies, integration of environmental constraint in corporate policy, risk management
Funding & sponsorships

Financing of studies

Students in this program are either self-financed or sponsored by a company (through sponsorships or study leave), that finances their tuition and living expenses during their academic period.

Main sponsors

Among these companies, the following have been IFP School partners in recent years (non-exhaustive list):

  • Axens
  • Cepsa
  • Gazprom
  • EDF
  • Engie
  • Pemex
  • Perenco
  • Saudi Aramco
  • Schlumberger
  • TechnipFMC
  • TotalEnergies