ENERGY FINANCE for MBAs and BBAs

    "Energy Finance" is a CONCENTRATION within the McCombs fulltime academic program for students.  We do not offer a separate degree for a bachelor's or master's in energy finance. Program costs, admissions issues, and scholarship possibilities would be addressed by the respective program offices:
 
McCombs School of Business, BBA Program (undergraduate)
McCombs School of Business, MBA Program (masters)

The McCombs School of Business Executive Education department now offers an Energy Finance certificate program in Houston, Texas.  Please contact the Executive Education department for more details.

Go to  Energy Finance for BBAs

Energy Finance for MBA Students:

After acceptance into the McCombs School, students have several choices of specializations from which to choose to pursue in their final year, including energy finance. MBA Students pursuing this concentration would enroll in a 2-course series of energy finance-related courses, called the "Foundations of Energy Finance" sequence (FIN 394: Financial Strategies-Energy Finance, and FIN 397: Financial Risk Management-Energy Finance) that students would take during the fall semester of their second year in addition to the standard MBA courses. These special energy finance courses require prior finance courses that MBA students must take during their first year to build the analytical foundation for the energy finance concentration. Although an energy or finance background is not required for enrollment, the program IS strongly analytical and quantitative in nature.

We have about 20-25 MBA students in the energy concentration program each year. While energy jobs and internships are still competitive, the job market growth continues to produce more energy-related opportunities for graduates. An overview of typical MBA fulltime opportunities over the past few years include Project Analyst, Financial Analyst, Associate Research Analyst, Energy Risk Analyst, Senior Analyst - Financial Planning / Analysis, etc., at companies such as Apache Corp, ExxonMobil, Chevron, Constellation Energy, Duke Energy, CenterPoint, Energy Spectrum Securities Corp., Shell, some i-banking groups, and more.

• Foundations of Energy Finance sequence:

– Fall Semester, 2nd. Year of MBA Program: 6 hrs., formally
FIN 397 Financial Risk Management  (Ronn) and FIN 394 Financial
Strategies (Titman).

Topic Focus:
– Ehud I. Ronn: Introduction to Risk Management and Derivative
Securities; Valuation/Structuring/Hedging of Energy Products

– Sheridan Titman: Financial Strategies as applied to Energy Companies

– Prerequisites: BA 385T, FIN 394.1, FIN 397.1
 

• Recommended Elective Classes for MBAs

1. Ehud I. Ronn: Spring Semester, 1st. Year of MBA Program,
Energy Finance Practicum

2. David B. Spence: Spring Semester, 2nd. Year of MBA Program,
Energy Law Course (3 hrs.)

    This six-hour energy sequence for MBAs is team-taught by two leading faculty in the UT Department of Finance, Professors  Ehud I. Ronn, and Sheridan Titman.  An important part of the students’ learning in the course includes presentations by key energy professionals.  Students in this concentration also participate in professional seminars on the “physical” side of the energy business to provide background on topics such as energy exploration, production, and distribution.

    MBA students wishing to claim a "concentration" in Energy Finance must complete the 6-hour Foundations sequence of energy-related coursework as part of their MBA program. Those students who are serious about a career in energy are strongly encouraged to take one of the "recommended" classes noted above as well as the Foundations sequence.

    MBA students graduating from this concentration will be better prepared to work in financial analysis, valuation, and trading positions with major oil and gas exploration, production and distribution companies, energy trading firms, and power companies as well as leading investment banking and financial services firms working in the energy industry.

    Energy Finance MBAs are also strongly urged to join the graduate student organization, the Energy Finance Group, to take advantage of additional opportunities offered to those members. Go to:  http://www.mccombs.utexas.edu/students/efg/

  Energy Finance for BBAs

    Currently-enrolled BBAs are offered a custom-designed course on the foundations of energy finance - FIN 377.5 Energy Financial Risk Management - addressing topics in the areas of asset valuation, corporate finance, and financial risk management as applied to energy companies and commodities.  This course is generally offered Mondays and Wednesdays in fall semester only to upper-division undergraduate business students.

    BBAs interested in energy finance are also strongly urged to join the undergraduate student organization, the BBA Energy Finance Group, to take advantage of additional opportunities offered to those members. Go to:

    The energy finance program is supported by the Center for Energy Finance Education and Research.  The Center supports curriculum development and faculty research in the Department of Finance.

    For additional information concerning the energy finance program, please contact Dr. Ehud I. Ronn.