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successful completion of probation period they are taken in
regular pay scale. Skilled professionals inthis career can also opt
for teaching jobs in universities and colleges.
Some job profiles: -
Consultant
Professor Vice presidents Surveyor Plant Manager Product Manager
Assistant Manager Operations managersRemuneration: -
The remuneration of a professional mainly depends on the factors
such as the company, job profile,qualification, skills and work
experience. Students after completion of their course in
powermanagement can expect income around Rs. 15, 000 to Rs. 25,000
every month in the beginning
stage. After gaining experience it can go up to more than 30,000
per month. Graduates working inteaching profession can earn
handsome salary.
Graduates from this field can make his/her career in any of the
following fields: -
Power Trading Power Planning Carbon Financing Market Power
Resource Management Power Sector Laws and Regulations Clean Energy
Development Mechanism Power Project Planning and Financing Power
Generation, Transmission and Distribution Economics of Power Demand
and Supply and Policy Aspects
Power is the one of the most vital inputs to the socio-economic
development of the country. Theprojected growth of Indian economy
largely depends upon the performance and growth of the powersector.
As estimated, India needs to augment power production to 8 lakh
mega watts from the current1.6 lakh mega watts to sustain present
economic growth in next 25 years. In post reform era, Indianpower
sector has witnessed radical changes in terms of restructuring of
the erstwhile State ElectricityBoards (SEBs). Today, along with
government companies, large numbers of private players have
taken over a significant portion of Indian power sector
particularly in generation and distribution sidesand the sector is
all set to see large number of private players in the years to
come.
The rapidly expanding power sector tenders abundant
opportunities for the qualified, talented,capable and young
graduates and post graduates with diversified backgrounds like
engineering,commerce, finance, accounts, human resource, law and
logistics etc. Since the purview of powersector is very
wide-ranging and it includes large number of activities therefore,
it seems too difficult tocover all available career opportunities
in the sector in this single article. This article is confined
todiscuss the available job prospects only for graduates and Post
Graduates in power management
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(MBA-power graduates) as the growing size, diversities and
complexities of the power sector posechallenges to the power
managers to manage the enormous activities efficiently and
effectively.
Job Prospects for MBA-power graduates
Though MBA degree has been quite popular in India since the
opening of economy in mid 1990s,
MBA in power management is a comparatively new course. Persons
holding power managementdegree have ample employment opportunities
in private as well as public sector. In these days ofglobalization
and liberalization, it is likely to get further momentum as more
power managers wouldbe required to deal with the growing
complications of rapidly expanding Indian power sector. Thereare
many areas where MBA-power graduates are heavily required such as
power resourcemanagement, environment impact assessment, power
auditing, power efficient systems/technologies,power generation,
transmission, distribution, power sector laws, power policies,
power security, powerpricing, power economics, power tariffs and
power trading etc.
Opportunities in Public Sector
There are many governmental organizations such as National
Thermal Power Corporation, DamodarValley Corporation, Power Finance
Corporation, Power Grid Corporation of India Limited, various
statelevel power generation companies and power suppliers that are
providing ample job opportunities to
MBA-power graduates. These companies are advertising the
vacancies in leading national/ localnewspapers and posting the same
on their websites. These companies usually ask for 60 percent
orabove in graduation and post graduation level. A person fulfill
ing the eligibility criteria can apply for
the post after depositing the fee amount. Their recruitment
process consists of mainly three stages-written test, group
discussion and personal interview. Sometimes, a technical interview
may also beconducted. The final selection is based on the overall
performance of the candidate. Reservation
toSC/ST/OBC/Ex-serviceman/physically handi- capped candidates is
extended as per government rules.A few public sector companies are
also hiring the candidates from some elite B-schools throughcampus
interviews. In the beginning, selected candidates have to work on
probation for one or twoyears and on the successful completion of
probation period they are absorbed in regular pay scale.
Opportunities in Private Sector
Private sector has a great role to play in Indian power sector.
As already discussed, there are manybig names that have registered
their strong presence in the sector. At present, private sector
accountsfor 19 percent in the total installed capacity of nation
and it is set to increase about 5 times in next 6to 7 years.
Moreover, in addition to power generation, now private players are
extending financial andtechnical assistance to government in
erecting power plants and other facilities, financing the ultramega
power projects, involved in power trading, evolving clean energy
development mechanism,supplying the power and managing the energy
resources etc. Thus, it goes without saying that hugejob potential
exists in rapidly growing private sector for MBA-power graduates.
As far as their selectioncriterion is concerned, it varies from
company to company. However, most of them are hiring on thebasis of
personal interview of eligible candidates. Private companies are
also approaching top notch B-schools for campus selection.
Power Consultancy
MBA-power graduates can also work as an independent power
consultant after obtaining adequateexperience and expertise. Power
consultants advise power producers and suppliers on different
issuessuch as installation of power plant, efficiency of plant,
optimum resource mix, quality and reliability ofpower, impact on
environment, reducing emission of hazardous gases, curtailing
transmission anddistribution losses, power auditing, compliance
with government norms and ensuring uninterruptedsupply to end users
etc. Besides, there are many other functional and operational areas
where theymay extend an expert advice. They also render their
services to commercial and industrialestablishments.
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As a power consultant has to assess wide ranging, complex,
technical and critical issues of powersector, one needs to gain
adequate experience, skill and knowledge before beginning to work
as aconsultant. The power management graduates who have been
blessed with inherent entrepreneuracumen may find it a fascinating
career option.
Teaching
MBA-power graduates with good academic record, particularly
holding Ph.D degree or publishedwork of a high standard, can take
up jobs in any university/institute offering power
managementcourses to students. There is wide scope for visiting
faculty as private universities are coming up inlarge number and
they prefer such persons because of their eminence and acumen.
Possessingprescribed passing score in UGC-NET examination is a
desirable qualification for teaching profession.
Remuneration
Remuneration depends upon the field a MBA-power graduate
chooses. If one prefers to work in agovernment department or in
public sector or in a university or in any other organization
where
government rules are applicable he/she will be entitled to get
emoluments as per pay scalesprescribed by the government from time
to time. The salary depends on the designation and nature ofwork.
In private sector, national and multinational companies are hiring
young MBA- power graduate
on good annual packages depending on the standing of the
company. However, power graduates whobegin to work as power
consultants may have to struggle in the early stage but their
knowledge andsteady efforts may help them to succeed at the end of
day. The earnings of a well-settled consultantmay see no
boundary.
Course Details & Eligibility Criteria
MBA-power management course is designed with an objective of
developing business acumenamong the students and to equip them with
the knowledge of the concepts, theories and managerialskills
required for the effective management of power sector. It intends
to develop efficient businessleaders and decision-makers capable of
running power sector effectively and efficiently.
One can either pursue a two-year MBA course in power management
after graduation in any branch
of engineering or a five-year integrated course after twelfth
standard examinations, leading to a B.E.,MBA degree . However, some
universities like University of Petroleum and Energy Studies
requiresonly graduation with Physics, Chemistry and Mathematics as
compulsory subjects. Most of theuniversities/ institutes ask for
minimum first division on graduation level. The candidates must
haveappeared either in CAT or MAT examination. Though most of the
universities conduct their own writtentest, however students who
have scored minimum prescribed score in CAT and MAT examination
areexempted from their written tests. They only need to go for
group discussion and personal interview.The final selection is made
on the basis of master merit list.
The MBA-power management programme necessarily includes about
eight weeks summer trainingproject in a power or associated company
after completion of first year. This is the compulsoryrequirement
for the completion of the course. Other than MBA-power management
degree, manyuniversities also offer other BBA degree in power
management that is a graduation level course. Aftercompleting
MBA-power management, one with an appetite for research can also
join Ph.D. course.
Fields of Power Sector
An MBA-power graduate can make his/her career in any of the
following fields-1. Power Resource Management2. Power Generation,
Transmission and Distribution3. Carbon Financing Market4. Power
Trading5. Power Project Planning and Financing
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