Energy Business MBA Track
Societal change in the energy industry is creating unprecedented business opportunities. The Energy Business track brings together the Tepper School’s path-breaking approach to business education with Carnegie Mellon’s core strength in engineering to provide graduates with the ability to become leaders in the energy industry.
What is the “Energy Transition?” The transition from fossil fuels to alternatives? This is obviously part of it. But there is much more. How about “Energy Transformation?” Technological innovation is once again transforming an energy landscape that, until recently, has been defined by technologies developed before most of us were born. Consumers, long an afterthought to energy firms, have become a focal point. Markets are supplanting central planners. As energy systems are becoming more decentralized they are also becoming smarter. Innovation in the energy space has become synonymous with innovation in data analytics and information technology.
Transformation in the energy sector has transformed the meaning of a career in the energy sector. Energy careers now transcend the oil and gas and the electric power businesses. Silicon Valley has become an energy innovation hub. Many blockchain startups are in-fact energy startups. The fortunes of automotive companies have become tied to energy storage and the modernization of the electric power grid. Firms with little in common — from health care to manufacturing to IT — now share the fact that they generate and/or procure their own electric power. In each of these cases, and many more, firms are looking look to their leaders to make energy strategy a source of competitive advantage, both in terms of cost and in terms of consumer preference.
This is the backdrop for Tepper’s Energy Business track. The track supplements the Tepper MBA along three main dimensions. First, the curriculum offers specialized courses, including accessible courses from Carnegie Mellon’s renowned Engineering College. Second, extracurricular activities emphasize networking with an interdisciplinary group of peers, from other Tepper students, to CMU engineering students, to Tepper’s deep network of industry associates. Finally, the track’s capstone project course offers experiential education at its best, requiring a team of students to solve a forefront business problem in partnership with a firm from the energy industry. Further details on the capstone project are below.
To us, it’s hard to think of a career that’s more exciting and full of opportunity than a career in the energy space. One can do good and do well at the same time. Join us!
Who Should Apply
The target student is someone interested in a career in the energy business, either directly or indirectly via related activities such as consulting, finance, legal services and project management.
Part-time students are encouraged to consider participating in the track. There will be logistical challenges, some of which must fall on the shoulders of the student. However, the track will be administered so as to maximize the potential for part-time participation. Interested parties are encouraged to contact the track administrators for further information.
Energy Business Track Courses
The track’s curriculum emphasizes both specialized courses at Tepper and, just as importantly, courses offered by Carnegie Mellon’s world-class engineering and public policy schools. A track course list is available here.
Energy Business Capstone Course
A defining characteristic of the track is its capstone project, a semester-long course that will be undertaken in partnership with a firm from the energy industry. The capstone will offer track participants the unique experience of applying what they’ve learned in their coursework to a contemporary business problem currently being faced by a major player in the industry. Recent sponsors have been Fluence, a recently-formed joint venture between Siemens and AES that is a global leader in the energy storage area, Bloom Energy, the Silicon Valley-based developer of fuel cell technologies for the distributed generation of electricity, and Everpower, the Pittsburgh-based owner/operator/developer of a large portfolio of wind resources.