Energy Management

MSc, Postgraduate Diploma, Postgraduate Certificate


SFC funded places available

If you meet all eligibility requirements you will automatically be considered for one of the fully funded places.

Introduction

This course develops the knowledge and analytical skills you will need for a career in the energy industry – in the private, public, or non-profit sectors. It is aimed at students from a variety of backgrounds, including those with no previous training in economics or finance.

The course offers a comprehensive overview of economic analysis as the route to understanding the problems of energy management. It examines the benefits, costs and risks of alternative energy policy options and provides a firm grasp of the world’s energy markets.

The course offers excellent links with industry. It includes trips to energy facilities to gain a wider understanding of the energy market, and participation in an industry simulation exercise. In addition to guest lectures and site visits, you’ll have the opportunity to undertake a consultancy project developed in consultation with the public, private and non-profit sector organisations.

Key information

EU Applicants
EU students who have applied or who have been made an offer to study at the University of Stirling in 2016 (or 2017 deferred entry) are unaffected by the outcome of the EU Referendum on 23 June 2016.

Those who are considering applying to the University for 2017 entry are encouraged to do so in the usual way, and we will keep all applicants informed as relevant details emerge.

  • Degree type: MSc, Postgraduate Diploma, Postgraduate Certificate
  • Study methods: Full-time, Campus based
  • Duration: One year
  • Start date: September
  • Course Director: Dr Mirko Moro
  • Location: Stirling Campus
Download course leaflet

Dr Mirko Moro

www.economics.stir.ac.uk/

Economics, Stirling Management School
University of Stirling
Stirling
FK9 4LA

View fees and finance
  1. Global reputation: Top 10 percent Our Economics department is ranked among the top 10 percent of institutions in the world in the fields of environmental economics and behavioural economics by RePEc a global repository of economics papers. RePEc has the largest bibliographic database freely available on the internet. In the most recently published Research Assessment Exercise (RAE), 15 percent of research in Economics at Stirling was rated as world-leading and a further 45 percent as internationally excellent.
  2. Networking with employers: The University of Stirling Management School¹s energy management specialists have excellent links with industry and actively work on connecting students with potential employers. In addition to guest lectures and site visits, our experts actively build contacts with Scottish, UK and global organisations in the field of energy management and leverage off these relationships for the benefit of our students. Energy Management academics have a presence at the VIBES awards where decision-makers in Scotland¹s burgeoning energy sector recognise progress in environmental and sustainability issues worldwide.
  3. Industry-relevant course content: Our engagement with industry includes regular review of course content by key players in the energy sector. We ensure the relevance of the curriculum to our students¹ future career needs through ongoing engagement with external organisations. Companies involved in this process include global energy, metals and mining research and consultancy group Wood Mackenzie.
  4. Practical skills development: A particular strength of the MSc Energy Management from the University of Stirling Management School is its emphasis on the development of practical skills. You will be given many opportunities to apply theory to solving real world challenges. The course includes trips to energy facilities to gain a wider understanding of the energy market and participation in an industry simulation exercise, during which you will learn from senior managers at leading energy companies.
  5. Strong focus on people: The human dimension of energy policies and energy sector operations is an increasingly important area of focus. The MSc Energy Management at Stirling provides students with the social science perspectives necessary to effectively manage diverse groups of stakeholders.

Course objectives

Main objectives

The course is designed to provide you with a good knowledge of how economic analysis can help understand problems related to energy. You will be able to analyse alternative energy policy options in terms of benefits and costs, gain a sound understanding of world energy markets and analyse the risks associated with energy options.

What makes us different?

Making the Most of Masters

Enhance your employability whilst gaining work experience with our Making the Most of Masters initiative.

Learn more

Making the Most of Masters

Global reputation

Our Economics department is ranked among the top 10 percent of institutions in the world in the fields of environmental economics and behavioural economics by RePEc – a global repository of economics papers. RePEc has the largest bibliographic database freely available on the Internet.

University of Stirling

Business Engagement

The University of Stirling Management School equips students to flourish as effective managers in the workplace through enhanced self-awareness, critical thinking, leadership and team-working skills.

Find out more about business engagement

Business Engagement

Employability

At the University of Stirling Management School, we are committed to ensuring that every single one of our students realise their potential.

The graduate job market has never been more competitive, and greater focus is now being placed on finding graduates who can demonstrate a wide array of skills, competences and experiences.

Find out more about employability

Employability video

World-class library and teaching facilities

Studying for a degree means learning in different ways; managing your own time; conducting research; mastering new computer skills. We have the facilities and advice on hand to help you do all this - and do it well.

Learn more

Library shelves

Life at Stirling

Of the many reasons students come to Stirling, such as academic reputation and research standards, one factor is always cited: the outstanding beauty of the University's Stirling campus. View our online films to get a picture of what it's like to live and study on our beautiful campus.

Watch our videos now

Live Life

Entry requirements

Academic requirements

Academic requirements

You’ll need a minimum of a second class honours degree or an equivalent qualification. However, you can still apply if you don’t have these formal qualifications, but bring significant work experience in a relevant area.

University of Stirling offers a Graduate Diploma for those students who do not meet the required criteria for this course. If you successfully complete the Graduate Diploma in Business, Finance and Sport and meet the required progression grades, you will be guaranteed entry onto this Master's degree.

International students

The University of Stirling welcomes students from around the world. Find out what studying here could be like for you. http://www.stir.ac.uk/study-in-the-uk/

INTO University of Stirling offers a Graduate Diploma for those students who do not meet the required criteria for this course. If you successfully complete the Graduate Diploma in Business, Finance and Sport and meet the required progression grades, you will be guaranteed entry onto this Master's degree.

English language requirements

English language requirements

If English isn’t your first language, you must have one of these qualifications:

  • IELTS: 6.0 with 5.5 minimum in each skill
  • Cambridge Certificate of Proficiency in English (CPE): Grade C or above
  • Cambridge Certificate of Advanced English (CAE): Grade C or above
  • Pearson Test of English (Academic): 54 with 51 in each component
  • IBT TOEFL: 80 with no subtest less than 17

More information on English language requirements https://www.stir.ac.uk/study-in-the-uk/entry-requirements/english/

If you don’t meet the requirements, you might be able to attend one of our English courses before your main course begins.

More on English courses and how to register. [LINK TO http://www.intohigher.com/uk/en-gb/our-centres/into-university-of-stirling/studying/our-courses/course-list/pre-sessional-english.aspx]

If you don’t meet the required score you may be able to register for one of our pre-sessional English courses. To register you must hold a conditional offer for your course and have an IELTS score 0.5 or 1.0 below the required standard. View our range of pre-sessional courses.

Flexible Learning

If you are interested in studying a module from this course, the Postgraduate Certificate or the Postgraduate Diploma then please email graduate.admissions@stir.ac.uk to discuss your course of study.

Fees and costs

2016/17 Overseas £13,950
2016/17 Home/EU £6,100

 

2017/18 Overseas £14,600
2017/18 Home/EU £TBC

From 2016/7 onwards, the fees for all taught postgraduate courses are to be held at the level set upon entry.

Please note there is an additional charge for the conferral of your degree. This will be charged at the rate applicable when you complete your studies. View more information

Cost of Living

Find out about the cost of living for students at Stirling

Payment options

Find information on paying fees by instalments

Scholarships & funding

Scottish Funding Council Masters Scholarships

The Scottish Funding Council is funding Home/EU tuition fees for a number of places on this course. Funded places are open to applicants domiciled in Scotland and the EU. 
More on SFC scholarships. Link to http://www.stir.ac.uk/scholarships/general/scottish-funding-council-masters-scholarships.html

Scholarship finder

Scottish Funding Council masters scholarships

In partnership with the Scottish Funding Council (SFC), Scottish Aquaculture Innovation Centre and The Data Lab, the University of Stirling is currently offering up to 82 fully funded places on a select range of Masters Programmes during 2016/17. For each place, the full cost of tuition will be covered across a diverse set of courses.

All of the cutting-edge programmes supported by this funding have been handpicked because they arm graduates with all the skills necessary to impact Scotland's key up-and-coming industries – and each scholarship is supported by a set of inclusive eligibility requirements.

How do I apply?

You don't. So long as you apply for one of the listed postgraduate courses, accept an unconditional offer and meet all eligibility requirements, you will automatically be considered for one of the SFC's 82 masters scholarships. Successful candidates will then be notified via email by the University's Admissions Office.

Structure and teaching

Structure and content

Structure

Modules are taught through a combination of lectures and small group sessions, in the form of seminars or computing labs. You take three taught modules in the first semester, four in the second semester, then write a dissertation. Assessment typically includes coursework, presentations and an end-of-semester examination.

Content

The course provides key skills and experience, including:

  • Industry-relevant course content: Our links with industry allow regular reviews of course content by key players in the energy sector. Companies involved in this include the global energy, metals and mining research and consultancy group Natural Power, and Wood Mackenzie.
  • Practical skills development: The course places a strong emphasis on practical skills. You will have many opportunities to apply theory to solving real world challenges. The course includes trips to energy facilities to gain a wider understanding of the energy market, and participation in an industry simulation exercise, where you will learn from senior managers at leading energy companies.
  • Strong focus on people: The course provides you with the social science perspectives necessary to effectively manage diverse groups of stakeholders within the energy sector.

Preparation and support

Begin your new course in the best possible way, with our unique Flying Start Leadership programme.

This programme is exclusively for new students about to start one of our postgraduate courses. You’ll take part in activities, workshops and information sessions to help you prepare for the year ahead, and to make the most of your time at Stirling.

Take part in the Flying Start Leadership programme and you will:

  • Discover more about the exciting period of learning ahead
  • Understand what is expected of you in your course
  • Get to know the teaching and support staff
  • Learn more about a diverse range of approaches to learning
  • Work as part of a successful team

Activities range from practical skills – like effective public speaking – to developing ways to work under pressure in difficult situations and manage conflict. It’s also a chance to discover all that the University and the vibrant city of Stirling has to offer, and to make new friends.

Find out more about the programme. http://www.stir.ac.uk/management/employability/flyingstartleadershipprogramme/

Delivery and assessment

 Assessment typically includes coursework, presentations and an end-of-semester examination.

Modules

First semester modules

  • Energy Markets and Policy Link to (EGMP057)
  • Energy and Resource Economics Link to (EGMP018)
  • Environmental Economics Link to (ENMP05)

Second semester modules

  • Environmental Valuation Link to (ENEP019).
  • Energy Management and Sustainability in Practice Link to (EGMP068)

In the second semester you will also study two optional modules chosen from:

  • The Economics of Climate Change Link to (EGMP028):
  • International Banking and Development Finance Link to (BFIPIB)
  • Risk Management in Banking Link to (BFIPRB)
  • Leadership and Decision Making Link to (HRMPA6)
  • Managing Change and People Link to (HRMPA9)

Dissertation (EGMP08D):

This can be on a topic of your choice, under the supervision of a member of teaching staff. Additionally, we offer project-based dissertations with a partner in the private or public sector to selected students on a competitive basis. We also actively participate in the Making the Most of Masters initiative (Link To: https://www.stir.ac.uk/mmm/).

Recommended reading

Recommended reading

Key journals include Energy Policy, The Energy Journal and Energy Economics. The core recommended titles are:

  • Bhattacharyya, SC. (2011), Energy Economics: Concepts, Issues, Markets and Governance, Springer.
  • Dahl, C. (2004), International Energy Markets: Understanding Pricing, Policies, and Profits, PennWell Publishing.
  • Handbook of Research on Energy Entrepreneurship, Edited by Rolf Wustenhagen and Robert Wuebker 2011 Edward Elgar Publishing Limited.
  • Timothy C. Haab, Kenneth E. McConnell (2002/3) Valuing Environmental And Natural Resources: The Econometrics of Non-market Valuation.

Modes of study

On campus, inside and outside the classroom

Study method

Full-time

Example timetable

The timetable below is a typical example, but your own timetable may be different.

Sample timetable Spring Semester

  10-11 11-12 12-13 13-14 14-15 15-16 16-17 17-18
Monday EGMP028
Lecture
    EGMP068/ENEP069
Lecture
   
Tuesday       EGMP028
Seminar
       
    BFIPFM
Lecture
BFIPFM
Computer Lab
     
Wednesday                
Thursday             EGMP057
Lecture
Friday       EGMP028 Seminar        

Why Stirling?

REF2014

In REF2014 Stirling was placed 6th in Scotland and 45th in the UK with almost three quarters of research activity rated either world-leading or internationally excellent.

The reputation of our research at Stirling Management School was recognised in the 2014 Research Excellence Framework (REF), where the School was placed in the UK’s top 25 institutions for Business and Management, out of 101 business schools.  In Scotland, the School was ranked in the top five.  64% of our research outputs were classified as world-leading and internationally excellent in terms of their originality, significance and rigour and we were ranked 14th in the UK in terms of research impact with over 60% of public, private and governmental organisations.

The Economics department is ranked in the top 10% of Energy Economic Institutions in the world by RePec (Research Papers in Economics).

International Students

The University of Stirling welcomes students from around the world. Find out what studying here could be like for you .

Strengths

Our global reputation: research rating
The University of Stirling Management School was ranked among the Top 25 in the UK for business and management in the Research Excellence Framework (REF 2014).

Wide ranging expertise
Sustainability is a core value of Stirling Management School and this is reflected in the recently launched Centre for Sustainable Practice and Living (CSPL), established in partnership with the Scottish Environment Protection Agency (SEPA). This MSc has been developed as a key component of the educational offering of CSPL, together with an executive education programme currently under development in collaboration with the Cambridge Institute for Sustainability Leadership.

The programme brings together expertise from the Faculty of Natural Sciences and Stirling Management School to provide a more integrated view of sustainability and develop a deep understanding of its implications for leadership capacity building in a diverse range of organisations, communities and society.

The programme’s close relationship with SEPA and the connections to influential networks like the Scotland 2020 Climate Group provides students with unique networking opportunities with key organisations and leading sustainability initiatives.

On-going support
Our relationship with you does not stop at graduation: we maintain and build links with our extensive network of alumni. We facilitate social and networking events for former students in the UK and around the world.

 

Our students

Photo of students visit
This course provides a chance to simulate the real business happening. Combining the knowledge we learn with the real business skill to train how to deal with the special problems for a firm in the first time and develop quick reaction capability. It is useful for us to get preparation for work we will do when we finish the course and also the experience will give good personal behaviour for future employment.

Xin Qi, MSc Energy Management, 2011

When I was confronted with the decision to study Energy Management  at the University of Stirling, many questions were going through my head. Will it be hard to study in a foreign language? Will there be benefits for my professional life? How will it be to live abroad?

After graduating from a German University (in Energy and Resource Management BA) and working for several German energy companies, the University of Stirling seemed to me a reasonable way to gain further academic knowledge about the energy industry. Furthermore, It was obvious for me that it would be an interesting and useful experience to study abroad.

It didn’t take long to understand that it was the right decision to study Energy Management MSc at the University of Stirling. Surrounded by competent teachers who always found time to promote the students personally, I was able to gain a deeper understanding of several academic fields related to the energy industry.

The composition of students in our course was probably the most international I have ever seen. Students from Africa, Europe, Asia and America were represented and created all together an amazing atmosphere where everyone had the chance gain an enormous amount of intercultural skills.

These new knowledge and skills I have gained during my time in Stirling turned out to be very useful for my professional life. After graduating in 2011, I’ve started to work directly for an innovative German energy company (Energy2market GmbH) which develops and operates the first virtual power plant that provides system services (secondary control reserve) to the German transmission system operator. In the position as a portfolio manager I am in charge of the renewable energy portfolio, which is the centerpiece of the virtual power plant. It seems to be just the beginning of an interesting career.

The decision to study Energy Management in Stirling was not an easy one, but it turned out to be one of the best decisions in my life. Of course you can think about studying in New York, Berlin or London, but if you consider to start a successful energy career… I’ll recommend Stirling. “

Albert Mantel, MSc Energy Management, 2011

Careers and employability

Career opportunities

Career opportunities

Graduates are in demand among employers in the energy policy analysis, energy trading and energy planning sectors. Energy security, supply, pricing and use, along with environmental impact assessment and management, are also areas where there is a shortage of suitably qualified graduates. Our alumni work in roles at utility companies, oil and gas producers, alternative energy technology manufacturers and for mining industry players. Employers in sectors like forestry, the financial sector, specialist consultancies and government bodies also value postgraduate qualifications in energy management.

Employability video

employability video promotion

Business engagement video

industry promotional video
© University of Stirling FK9 4LA Scotland UK • Telephone +44 1786 473171 • Scottish Charity No SC011159
Portal Logon

Forgotten login?

×