Course summary
The MSc Petroleum, Energy Economics and Finance is a programme both intellectually challenging and provides the career-ready credentials that are essential to increase your appeal with employers within an energy economics context. The University of Aberdeen is an established leader in teaching and research in the fields of energy and economics. Our MSc Petroleum Energy, Economics and Finance builds on the Business School’s considerable strength in these fields. The programme incorporates significant input from the energy industry via active engagement with professional practice, multi-nationals and government agencies. With a recognised world expert in Energy Economics, Professor Alexander Kemp OBE, actively teaching on the programme. This course attracts a highly distinctive mix of students, spanning both nationalities and disciplines. You will be encouraged to look at energy business challenges from across a range of disciplines, with an integrated perspective. In this diverse and stimulating environment, you’ll acquire skills beyond the academic and the technical. You will: • Obtain insights into commercially-oriented analysis • Develop quantitative skills to better utilise data to inform strategic decisions. • Learn to analyse energy markets and the micro/macro impacts • Network with employers from a range of national and multi-national companies • Acquire the global perspectives essential to professional success Our Business School is home to two very relevant and internationally recognised research centres: the Aberdeen Centre for Research in Energy Economics and Finance and the Scottish Experimental Economic Laboratory. Former students have worked with organisations such as the Scottish Government, BP and Total to create their dissertations. The course is accredited by The Energy Institute and a wide range of visiting speakers will share their insights of how the economic world of energy works.
Modules
This course attracts a highly distinctive mix of students, spanning both nationalities and disciplines. You will be encouraged to look at energy business challenges from across a range of disciplines, with an integrated perspective. In this diverse and stimulating environment, you’ll acquire skills beyond the academic and the technical.
Assessment method
Assessment: by course work, by written examination or by a combination of those, as prescribed for each course.
How to apply
International applicants
When you are thinking about studying overseas, it is important that you understand all the costs involved and budget accordingly. It is essential to budget for your studies prior to leaving your home country and to arrange all your funding for BOTH your tuition fees and your living costs. In addition, it is important to check all immigration requirements regularly and before travelling, as they can change. Students without the necessary visa will be refused entry to the UK. You should allow plenty of time to organise your visa and ensure you are aware of all your responsibilities under the terms and conditions of your visa. Please note that the advice provided via the University is the Student Visa category of the UK's Points Based Immigration Scheme. For further information, please visit the United Kingdom Visas and Immigration (UKVI) website: www.gov.uk/government/organisations/uk-visas-and-immigration.
Entry requirements
The minimum entry requirement for this programme is a degree at 2:1 (upper second class) UK Honours level (or a degree from a non-UK institution which is judged by the University to be of equivalent worth), with a strong background in quantitative methods. If you have a GMAT score, please provide that information, as this will enhance your application. We may use GMAT as a condition of offer in some cases.
English language requirements
| Test | Grade | Additional details |
|---|---|---|
| IELTS (Academic) | 6.5 | Overall - 6.5 with: Listening - 5.5 or above; Reading - 6.0 or above; Speaking - 5.5 or above; Writing - 6.0 or above. IELTS Indicator or IELTS General Training are not accepted. |
| TOEFL (iBT) | 90 | TOEFL iBT and TOEFL iBT Home Edition: Overall - 90 with: Listening - 17 or above; Reading - 21 or above; Speaking - 20 or above; Writing - 21 or above. DI code is 0818 |
| PTE Academic | 62 | Overall - 62 with: Listening - 59 or above; Reading - 59 or above; Speaking - 59 or above; Writing - 59 or above. Online test is not accepted. |
| Institution's Own Test | Academic English Pre-sessional Programme (PSE) - Pass (valid for 1 year). Academic English Preparation Programme undertaken at other UK HEI - accredited by BALEAP and within 1 year of start of course. | |
| Cambridge English Advanced | C | Overall - 176 with: Listening - 162 or above; Reading - 162 or above; Speaking - 162 or above; Writing - 169 or above. |
To study for a postgraduate degree at the University of Aberdeen it is essential that you can speak, understand, read, and write academic English fluently. These skills will allow you to understand lectures, produce high standards of written work, and perform well in examinations. We can assess your English language proficiency through a variety of means: through your nationality, through the qualifications you gained in high school, through the degree you undertook or are undertaking at university, or through a recognised English language test. Postgraduate Higher requirements are used by the Schools of Business; Divinity, History and Philosophy; Education; Language, Literature, Music and Visual Culture; Law; and Social Sciences. The MSc in Oil and Gas Enterprise Management and the MSc in Integrated Petroleum Geoscience also make use of the Postgraduate Higher requirements. Please note certification must be within the two years prior to commencement of your degree programme, unless otherwise stated.
Please use the checklist at the following webpage to determine how you can meet our English language requirements:
https://www.abdn.ac.uk/study/international/requirements-pg-266.php
Fees and funding
Tuition fees
| Republic of Ireland | £12154 | Year 1 |
| EU | £27000 | Year 1 |
| England | £12154 | Year 1 |
| Northern Ireland | £12154 | Year 1 |
| Scotland | £12154 | Year 1 |
| Wales | £12154 | Year 1 |
| Channel Islands | £27000 | Year 1 |
| International | £27000 | Year 1 |
Additional fee information
Tuition fees given are at the full-time rate. The part-time fee rate for taught postgraduate programmes is 50% of the relevant full-time fee rate.
Sponsorship information
Eligible self-funded international Masters students will receive the Aberdeen Global Scholarship. Visit our Funding Database to find out more and see our full range of scholarships: www.abdn.ac.uk/study/funding/. The University of Aberdeen provides an Alumni Discount Scheme: The University of Aberdeen is very pleased to offer a 20% discount on postgraduate tuition fees for all alumni who have graduated with a degree from the University of Aberdeen.
Provider information
University of Aberdeen
Directorate of External Relations
King's College
Aberdeen
AB24 3FX