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Old 04-11-2015, 06:02 PM   #1
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MBAs in Oil & Gas

Hello MH,

Question for y'all who work in O&G. I'm thinking about pursing an MBA, and branching out into the industry. I've had a few years of experience in operations in the chemicals industry, with an an engineering background. Couple questions for y'all in the industry. I'm primarily shooting for the O&G majors, and looking to attend a higher ranked school. open to any advice.
1. Do you have an MBA, and do many high(er) ups have them in your company?
2. What schools do they recruit from? What schools did they go to?
3. What roles do they have?
4. Any engineers with MBA's? How's your experience?

Any help is appreciated.
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Old 04-12-2015, 07:27 AM   #2
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What's your undergraduate degree in?
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Old 04-12-2015, 07:36 AM   #3
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How many years experience do you have and what is/are previous/current titles? Also, more importantly, where are you trying to go? An MBA is always helpful. However, they are also time consuming and expensive. You won't necessarily get the job you want bc of an MBA but you will get a bump in pay for it. That bump, is normally between 10-20%. You can easily get similar bumps based on performance alone IMO.

With that in mind, I'd recommend looking at an MBA as something you want to do for personal development and not just moving up the ladder or a pay increase.
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Old 04-12-2015, 07:48 AM   #4
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Not in oil and gas, but i am currently doing an MBA. If interested, PM me, for us to talk. I can tell you about my experience for deciding a school, different programs, and my experience with the program so far.
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Old 04-12-2015, 12:11 PM   #5
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Thanks for the feedback. ileono918, PM sent. My undergrad was in mechanical. So far I've had assignments in operations, and just recently went into plant management. Looking to leverage that experience to move onto commercial assignments, business development, account management etc or stay in plant management. Seems that lots of senior managers have MBA's, and all the new job postings are listing it as a preferred requirement.
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Old 04-12-2015, 12:55 PM   #6
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Old 04-12-2015, 01:01 PM   #7
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Engineer buddy who goes on recruiting trips to colleges said one of the most common questions is whether our Co payed for MBA

All these young engineers wanting upper mgmt w/o putting time in on actually working engineering, lol
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Old 04-12-2015, 02:32 PM   #8
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Having a degree only opens doors. In some circles, having a low handicap in golf will advance your career faster than any degree. IMO, do the MBA if you are genuinely interested in business management. People either look at investing in an advanced degree as a useful tool to let them do their job better, or as a grease to turn the corporate gears.

Nothing wrong with either approach. I've seen folks succeed either ways... and I've seen cases where neither was of any real help. It's your career. Whichever makes you can't wait to get up in the morning and go to work is the way to go.
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Old 04-12-2015, 04:53 PM   #9
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Old 04-13-2015, 09:15 AM   #10
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I worked for operators for 8 years. Nobody had MBAs. Now I work for an investment bank surviving the energy industry, everyone has MBAs.

So if you want to go work for a big, public operator...it's not going to help. If you want to work for a small, private equity backed, operator it might help you.
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Old 04-14-2015, 09:53 PM   #11
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Quote:
Originally Posted by Chubby Racer View Post
I worked for operators for 8 years. Nobody had MBAs. Now I work for an investment bank surviving the energy industry, everyone has MBAs.

So if you want to go work for a big, public operator...it's not going to help. If you want to work for a small, private equity backed, operator it might help you.
So far I have three years of work experience, but lets just say that I've got some motivators (actual people) willing to support me and put me through an MBA. It could end up not costing as much. I'm at the point where I don't have much going on in my life, other than career, and I'd rather use this time to "get this out of the way". I agree that in some career paths, it's very helpful, others, doesn't mean too much. I'm shooting for at most a top 15 program, if not I won't pursue one on my own dime.
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