Oil and Gas Finance MSc

1. Overview

The MSc Oil and Gas Finance course is a one year postgraduate course designed to offer advanced study of finance in relation to oil and gas projects and ventures.

With growing demand for energy and a challenging external financial environment, the course responds to the need for specialist finance professionals versed in financial decision making in the petroleum industry. Building on RGU’s expertise in oil and gas and close association with the industry in Aberdeen (including a new Oil and Gas Institute), the course is intended to provide students with the opportunity to develop the relevant knowledge and skills to engage with the industry’s complex finance issues.

It emphasises practical problem-solving, analytical financial modelling and essential transferrable skills in researching, quantifying, evaluating and managing the financial risks and rewards of oil and gas investments. The course is a useful preparation for a career in the oil and gas industry and related roles in energy and financial markets.

2. What you will study

The course has been meticulously designed to meet the demands of the sector and to tackle a full range of topics. Specifically, the course offers a dynamic mix of theoretical and practical elements required for effective financial management and investment decision making within the oil and gas industry. The MSc Oil and Gas Finance builds on RGU’s multidisciplinary expertise across the oil and gas value chain to explore the role of the finance and investment function within this spectrum as a means for creating value.

In Semester 1 students study two generic finance modules and two additional modules to provide quantitative finance basis and an understanding of specific corporate finance considerations for the oil and gas industry. Semester 2 further develops the finance and industry specific skills. The skills required for an extensive study into a particular aspect of oil and gas finance will also be developed during this semester. These are essential in Semester 3 when each student will be required to prepare and produce a self-directed dissertation.

Semester 1

Semester 2

Semester 3

  • Capstone
    The Capstone module is designed to provide you with an opportunity to integrate Masters level knowledge and skills by independently working on an applied academic study or business consultancy project from a degree related discipline. Personal and professional skills such as research, oral presentation and teamwork will be developed thereby enhancing your employment portfolio and setting you apart from other graduates in your field. 

Award: MSc Oil and Gas Finance

Modules and delivery order may change for operational purposes.

The University regularly reviews its courses. Course content and structure may change over time. See our course disclaimer for more information. 

3. How you will learn

Full-time Study

In full time mode, you will learn through a combination of lectures, seminars and workshop sessions. These comprise of a mix of group study, discussion, simulation and presentations of findings by teams and individuals. You will work as an individual and also as part of a team on case studies, team activities, presentations and discussions.

Teaching is a mixture of case studies, simulations, guest seminars, lectures, tutorials, computer labs, video footage, and individual or group work. Access to our virtual learning environment, CampusMoodle, is also provided giving you access from home to the learning materials (including videos, e-books and journals). 

Course Benefits

You will gain knowledge and practical skills in financial modelling, analysis, synthesis, evaluation and problem solving, through active simulation assignments and group discussions in seminars and tutorials culminating in the dissertation. We aim to produce independent thinkers who are ready and able to address the complexities and challenges of oil and gas finance faced by organisations. In collaboration with RGU’s International Oil and Gas Institute and the oil and gas industry in Aberdeen, this course is a suitably paced curriculum for providing students with the means for acquiring these relevant knowledge and skills. The unique modules and the different desirable skills and knowledge they offer are reinforced by the integrative elements of the extended dissertation and the inputs from industry. Overall, you will learn to:

  • Demonstrate an advanced understanding of relevant theories, concepts, principles and frameworks of finance and a critically reflective knowledge of the basis and rationale for evaluating, analysing and synthesising key contemporary issues oil and gas industry finance.
  • Demonstrate knowledge and critical understanding of appropriate analytical and modelling tools, mechanisms and markets for securing finance (through equity, debt or other suitable vehicles), optimising return and minimising risk in oil and gas investments (including derivatives).
  • Demonstrate extensive detailed knowledge of the oil and gas industry data and information sources (in context within the full energy spectrum) and relevant research methods for generating and communicating original, academic, professional or practical and creative solutions to problems and issues in the area of finance.
  • Critically appraise and capture the implications of complexities of oil and gas industry’s cost sharing arrangements, joint venture agreements, tax rules, environmental regulations, economic/fiscal arrangements and financial reporting standards and the international dimension of these issues in the financing/investing decision.
  • Develop and authoritatively use financial tools and methodologies to extend knowledge of and critically evaluate issues in the international oil and gas industry.
  • Demonstrate originality and creativity towards explaining, providing an informed opinion and advising main stakeholders on international oil and gas finance and markets.
  • Provide critical input for and meticulously maintain cross-functional linkages for use of the finance function within projects in the oil and gas domain and the extended business environment.

4. Entry Requirements

  • Applicants normally hold a 2:2 undergraduate honours degree or its equivalent in any subject discipline.
  • We welcome applicants with relevant professional accountancy qualifications such as ACCA and CIMA. 
  • Applicants with a lower degree classification and/or relevant work experience will be considered on a case by case basis.

English Language

Applicants whose first language is not English should have an IELTS of 6.5 overall, with no component lower than 5.5, or an equivalent.

We accept a variety of in-country and secure English language tests, find out more:

English Language requirements

* All entry requirements listed here should be used as a guide and represent the minimum required to be considered for entry. A small number of courses require higher levels, but this will be stated explicitly on your offer letter.

5. Placements and Accreditations

The MSc Oil and Gas Finance course is accredited by the Energy Institute. The course also shares some finance modules with the MSc Financial Management course that is recognised by the Chartered Financial Analyst Institute in their University Recognition Program.

6. Student Funding

Scholarships & Funding

Scholarships and funding are available to eligible students at Robert Gordon University, further information via our scholarship pages.

Alumni Discount

Robert Gordon University is delighted to offer a 20% loyalty discount on course fees for all alumni who have graduated from RGU, further information available via the Alumni page.

7. Course Fees

For Academic Year 2018/2019

UK/EU Students

  • £5,500 entire course

International Students

  • £12,100 entire course

For Academic Year 2017/2018

UK/EU Students

  • £4,640 entire course

International Students

  • £11,740 entire course

For Academic Year 2016/2017

UK/EU Students

  • £3,400 entire course

International Students

  • £11,400 entire course

For Academic Year 2015/2016

UK/EU Students

  • £6,200 entire course

International Students

  • £12,500 entire course

Disclaimer

Course fees are reviewed periodically and so are subject to change for new applicants. All tuition fees are fixed for the duration of a course at the rate confirmed in your offer letter. You will also be liable to pay a graduation fee of £40 before receiving a University award.

For further information see Student Finance pages

 

8. How to apply

All students can apply online by visiting at www.rgu.ac.uk/applyonline

If you have any course related questions, please contact the course leader - accountingandfinance@rgu.ac.uk

If you have any application queries, please contact our Admissions Office:

If you are an International Student and would like further information and application advice:

Terms and Conditions of Admissions

The Terms and Conditions of Admission describe to applicants holding an offer of a place to study at RGU, the principal rights, duties and obligations of both the applicant and the University prior to enrolling on a course of study.

Terms and Conditions of Admissions (PDF 142KB)

9. Prospects

A postgraduate qualification in Oil and Gas Finance provides the graduate with extensive opportunities for a career with local, national and international companies in the fields of oil and gas finance, policy and economics.

The course structure will provide a breadth of coverage to allow graduates to pursue a variety of roles and careers in the oil and gas industry within, for example, energy companies, government departments or regulatory bodies and parastatals, consulting and research companies, and various roles in energy and financial markets and institutions, including oil and gas trading, financial analysis, equity research, benchmarking and intelligence. The qualification can also be a stepping stone for advanced research degrees (e.g., PhD) in finance.

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Award

MSc

Start Date

September

Course Length

3 Semesters (One year)

Mode of Attendance

Full-time

Academic School
Aberdeen Business School
Accredited By
Energy Institute Accredited Course

“The key factor that has eased my performance on the job is the MSc, which provided me with the core skills and knowledge required in the oil and gas industry, and experience of working in teams and developing my interpersonal and communication skills.”

Adizat Adi Oil and Gas Accounting MSc KPMG Advisory Services