Energy Finance
Texas Full-Time MBA Concentrations
MBA students entering the energy industry must be prepared to understand, quantify, monitor, and
manage the financial risks created by volatile energy prices and to participate in the evaluation of
energy projects and energy derivatives. The academic cornerstone of the program is found in two
courses: Financial Strategies-Energy (FIN 394.8), and the specially designated energy finance section of
Financial Risk Management (FIN 397.4). The combination of these two courses addresses three broad
areas of study in 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 such as energy exploration, production, and
distribution. Energy professionals play an important role in student development as they assist with
these seminars and participate in class sessions on major energy finance issues. This concentration is
supported by the Center for Energy Finance Education and Research.
Curriculum Requirements
FIN 286 – Valuation (flex core)
FIN 394.1 – Advanced Topics in Corporate Finance
FIN 397.1 – Investment Theory & Practice
STA 287 – Business Analytics and Decision Modeling (flex core)
Note: Students should complete the above curriculum during their first-year spring semester. Most
remaining Finance electives have these courses as pre-requisites.
Accounting – Choose one (1) of the following:
ACC 380K.8 – Petroleum Accounting: Principles, Procedures, and Issues (Recommended by
Department)
ACC 380D – Advanced Topics in Financial Reporting
ACC 380K.7 – Financial Statement Analysis
Finance – Take the following two (2) courses:
FIN 394.8 – Financial Strategies (Energy)
FIN 397.4 – Financial Risk Management (Energy)
Note: Both courses should be taken in the fall semester of the second year in the MBA program.
Additional recommended elective courses:
LEB 380 – Energy Law
FIN 394.15 – Energy Finance Practicum
Law379M – Oil and Gas Taxation
Total credit hours: 19
Career Opportunities
Project Manager
Energy Investment Banking Associate
Equity Research Analyst
Sales and Trading Associate (Energy, Commodity)
Senior Financial Analyst