University of Aberdeen
Petroleum, Energy Economics and Finance MSc (Econ)
University of Aberdeen

Key Course Facts

Student Reviews

Below you can see course specific reviews for 10 graduates of Petroleum, Energy Economics and Finance MSc (Econ) at University of Aberdeen for each of the survey questions in comparison to the average for all UK degree courses in English studies (non-specific).

Overall student satisfaction
79 /100
10 total respondents
The NSS is commissioned by the Office for Students

Salary

Salary of Graduates in English studies (non-specific)

Important: Salary data below is not course specific, but contains data of all students of English studies (non-specific) at the university. Due to data collection methodology, salary data is mainly based on data related to undergraduate students.

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £21500 £21500 £24000
25-75 percentile range £20000 - £27500 £16500 - £25000 £19000 - £29500


Salary of all UK Graduates of English studies (non-specific)

  15 months after graduation 3 years after graduation 5 years after graduation
Median salary £23309 £21276 £25018
25-75 percentile range £19679 - £26816 £16238 - £25899 £19034 - £31180

Course Description

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.

Jobs & Career Perspectives

15 months after graduation, graduates of this course were asked about what they do and, if they are working, about their current job and their perspectives.

Current jobs

Required skill level of job after 15 months

Jobs of graduates of this course (15 months after graduation)

Example below based on all graduates of Petroleum, Energy Economics and Finance MSc (Econ) at University of Aberdeen

25% Teaching and Childcare Support Occupation
15% Leisure, travel and related personal service occupations
10% Welfare and housing associate professionals
10% Media Professionals
10% Administrative occupations
5% Business and public service associate professionals
5% Teaching Professionals
5% Sales occupations
5% Artistic, literary and media occupations
5% Elementary occupations

Grading & Study Time

**Assessment:** by course work, by written examination or by a combination of those, as prescribed for each course.

Entry Requirements / Admissions

UCAS Tariff of Accepted Students for this course

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

Overall - 176 with: Listening - 162 or above; Reading - 162 or above; Speaking - 162 or above; Writing - 169 or above.

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.

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.
Get advice on which foundation courses are best for you to still study Petroleum, Energy Economics and Finance, MSc (Econ), if you do not meet the minimum requirements in terms of UCAS score, A levels, or English language 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.

Costs

Tuition Fees Petroleum, Energy Economics and Finance MSc (Econ)

Ireland £12200 year 1
EU £27000 year 1
England UK £12200 year 1
Northern Ireland £12200 year 1
Scotland £12200 year 1
Wales £12200 year 1
Channel Islands £12200 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.

Average student cost of living in the UK

Rent £518
Water, gas electricity, internet (at home) £50
Supermarket shopping £81
Clothing £35
Eating out £33
Alcohol £27
Takeaways / food deliveries £30
Going out / entertainment (excl.alcohol, food) £24
Holidays and weekend trips £78
Transport within city £17
Self-care / sports £20
Stationary / books £13
Mobile phone / internet £13
Cable TV / streaming £7
Insurance £51
Other £95
  
Average student cost of living £1092

London costs approx 34% more than average, mainly due to rent being 67% higher than average of other cities. For students staying in student halls, costs of water, gas, electricity, wifi are generally included in the rental. Students in smaller cities where accommodation is in walking/biking distance transport costs tend to be significantly smaller.

University Rankings

Positions of University of Aberdeen in top UK and global rankings.

See all 28 university rankings of University of Aberdeen

About University of Aberdeen

Dating back to the year 1495 we find the University of Aberdeen, located in the Scottish city of the same name. The main site of this ancient institution is Old Aberdeen, where students in the arts and social sciences as well as the physical sciences carry out their learning. Meanwhile on the significantly more modern campus site Foresterhill, learners in the medical and research fields occupy their own purpose-built buildings, such as Suttie Centre.

List of 511 Bachelor and Master Courses from University of Aberdeen - Course Catalogue

Where is this programme taught

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