MBA | Full Time

Energy Finance

MBA students entering the energy industry must be prepared to understand, quantify, monitor, and manage the financial risks created by volatile energy prices and participate in the evaluation of energy projects and energy derivatives.

Two courses make up the academic cornerstone of the program: Financial Strategies - Energy Finance (FIN 394.2), and the specially designated energy finance section of Financial Risk Management (FIN 397.4). These two courses address three broad areas of study within an energy context: asset valuation, corporate finance, and risk management. The valuation portion covers the valuing of financial contracts and derivatives securities. The corporate finance section examines financing decisions, business valuation, and mergers/acquisitions. The risk management area considers hedging and risk management strategies. Students in this concentration also participate in professional seminars on the "physical" side of the energy business to provide background on topics like energy exploration, production, and distribution. Energy professionals play an important role in student development. They assist with the seminars and participate in class sessions on major energy finance issues. The concentration is supported by the Energy Management and Innovation Center and more information can be obtained from the Center’s website.

Curriculum Requirements

Required courses:
  • FIN 286 - Valuation (flexible-core)
  • FIN 394.1 - Advanced Topics in Corporate Finance
  • FIN 397.1 - Investment Theory & Practice
  • STA 287 - Business Analytics and Decision Modeling (flexible-core)
  • FIN 394.2 - Financial Strategies (Energy)
  • FIN 397.4 - Financial Risk Management (Energy)

Students should complete FIN 286, FIN 394.1, FIN 397.1, and STA 287 during the spring semester of their first year in the MBA program. Most remaining Finance electives have these courses as prerequisites. FIN 394.2 and FIN 397.4 should both be taken in the fall semester of the second year.

Choose one course from the following:
  • ACC 390K.8 - Petroleum Accounting: Principles, Procedures, and Issues (recommended by department)
  • ACC 380D - Advanced Topics in Financial Reporting (offered fall semester only)
  • ACC 380K.7 - Financial Statement Analysis
Recommended electives:
  • LEB 380 - Energy Law
  • FIN 394.15 - Energy Finance Practicum
  • LAW 379M - Oil and Gas Taxation

Total credit hours: 19
Faculty Contact: Sheridan Titman or John C. Butler

Experiential Opportunities

Hands-on experiences complement, extend and continually refine classroom curriculum. Texas MBAs have an array of opportunities to experience hands-on learning.

  • Energy Management and Innovation Center 
  • Case Challenges
  • Super Week: Internship Interviewing for Investment Banking and Consulting
  • International Programs
  • Texas MBA+ Leadership Program

Student Organizations

Student organizations open the doors to relationships, leadership development, professional growth, increased understanding and just plain fun. Below are some student organizations you may wish to consider as you look to tailor your Texas MBA experience:

Possible Career Paths

  • Energy Investment Banking Associate
  • Equity Research Analyst
  • Sales and Trading Associate (Energy, Commodity)
  • Senior Financial Analyst

For more information on career opportunities, visit our Career Management web page.

Page last updated: 4/29/2015