This consecutive Master Management in Energy Business program primarily focuses on Bachelor degree holders of industrial engineering. At core, this program imparts fundamental knowledge and management skills in the field of European Energy Management processes and operations. It further enables students to acquire core managerial capabilities such as organizational leadership, communication proficiency and social competence.
On completion, the post graduates will be able to support the generation and execution of measures that arise from the liberalization of the energy market, optimization of trade and portfolio management and the need for operative consulting to improve the revenue, profit, employee and customer satisfaction benchmarks as well as portfolio structures of organizations.
The standard period of study including master thesis is 4 semesters. The Master of Science in Supply Chain Management can be studied full-time or part-time in the presence study or part-time by distance learning. In distance learning there is the choice between a 4 - and a 6-term variation possible.
The Energy sector has undergone tremendous changes since the nineties of the last century. Issues such as market liberalization and deregulation have taken and still take a central role in the course of actions taken by the organizations in this sector. The changes have lead to the concentration through mergers but also to demergers of operational and administrative activities embedded in energy supply and distribution.
Present day energy generation is still dominated by fossil fuels such as oil and coal. Given, the steady increase of energy consumption and simultaneous decline of reserves, the relevance and need for developing alternative energy resources and concepts will considerably increase. Incidences like Fukushima further accelerate the development of regenerative energy sources.
Board members, general managers and business leaders of energy intensive organizations recognize the cost of energy for their operations as a decisive competitive factor in the coming decades.
A recent employment survey indicates a strong demand for energy managers in organizations constituting the energy sector. This study program provides students the perspectives for practice based post graduate qualification by offering specific energy management relevant subjects with contemporary course contents and facilitates students to earn a professional university degree as well as potentials for personal skill development. Through this Master study students are further able to drive their personal career development aspirations ahead to achieve globally recognized and needed management competences by organizations in the energy sector.
Students successfully completing this study have employment opportunities to undertake both specialized as well as interdisciplinary management functions in this industry sector. Target of this degree course is to provide students practice based qualification to undertake managerial functions in national as well as international industries in the energy sector.
Following managerial and leadership career perspectives are open to degree holders of Master of Science in Energy Management:
- General Management
- Strategic organization planning; strategic project management
- Head of Marketing, Sales, Procurement as well as portfolio management
- Business consultancy
Program contents and curriculum
The profiling of this program is founded on the expertise of decision makers in organizations and the experiences of professors and teaching staff involved in the development process of this Master study.
This study enables students to acquire comprehensive and applied knowledge related to leadership and professional expertise embedded in the framework of scientific didactics and knowledge development.
Four specific study areas constitute the basic framework of this Master program.
- In-depth knowledge of Energy sector
- Soft Skills / personal competences
- Economic and management science
- Information systems
Students acquire well founded sustainable overall knowledge in the field of design and operation of local likewise global value chain systems based on specific factors those influence the Energy sector, both within and beyond the organizational boundaries. Further on, the program contributes to develop personal and team leadership competences as well as operational and strategic management proficiency. Apart from these, the course also helps students to enhance their organizational decision making competences.
Senior managers and specialists in the Energy industries need to drive and practise change management as the market competition becomes more and more intensive. Profound market knowledge determines the pace and degree of business success. Thus the capabilities to develop and implement effective business strategies, also while working as consultants to external organizations, become increasingly important.
This program is structured for completion in four semesters. While in each of the first three semesters students take part in the 12 week class room sessions, the other eleven weeks are assigned for project work in an organization, preferably operating in the energy sector.
The campus phase comprises of eleven weeks of lecture sessions and a week for examination preparation. During each campus phase three modules are taught in detail whereas for the remaining two modules of the respective semesters preparatory sessions are held leaving enough room for self-learning. Throughout the self-learning phase students are assisted by course instructors, moderations and On-line lectures.
This model permits students to allocate their study time flexibly and in addition allows them to undertake part-time student jobs in any organization in the energy sector. However, it is not mandatory part of the study to gain work experience during the semesters.
For every passed examination students earn credit points for each module. The number of credit points earned depends upon the specified learning hours for a student to fulfill the course requirement.
Pre-requisites for Admission
For admission to this Master of Energy Management students should have earned a Bachelor degree in of industrial engineering with a minimum of 180 credit points along with the English language proficiency at B2 level of the European reference framework CEFR.