University of Petroleum & Energy Studies, Dehradun

REPORT ON CAREER OPTIONS AFTER M.B.A IN POWER

MANAGEMENT

Submitted To: Prepared By:Dr. Sheetal Khanka Arunduty Chakraborty

Assistant Professor 1 st Year MBA (PM)

UPES, Dehradun Roll No: 18

DECLARATION

This report on ‘Career Options after MBA in Power Management’ has been under taken for assessment in Business Communication during the study of MBA at UPES, Dehradun.

It has been supervised under M/s. Sheetal Khanka during study of 1st semester.

Further, I Arunduty Chakraborty, Student of MBA Power Management 1st Semester, hereby declare that this report is my original work and the analysis and findings are for academic purpose only.

Letter of Transmittal

Dr. Sheetal Khanka

Assistant Professor,

UPES, Dehradun

Dear Ms. Khanka,

I am hereby enclosing the project report regarding my career options after MBA in POWER

MANAGEMENT. This report has been prepared by following all the guidelines given in the

class.

The main purpose of this report is to highlight various opportunities that can be availed after

pursuing this course along with which strength and weakness has been analyzed through SWOT

analysis and Johari window. The above analysis will help us move in the right direction and

assist in choosing the appropriate career.

To further improve the report views of my family members and friends have been included.

Sincerely your’s

Arunduty Chakraborty

1st Year

MBA (PM)

A BRIEF INTRODUCTION ABOUT ME

I am Arunduty Chakraborty studying M.B.A Power Management (2012-2014) at University

of Petroleum and Energy Studies, Dehradun. I did my B.Tech in Electronic &

Instrumentation from Netaji Subhash Engineering College, Garia, West Bengal. After my

B.Tech, I worked with Wipro Infotech for approx. six months as a Graduate Engineer

Trainee. During my employment period I learnt much about software languages and Wipro’s

working culture. After the mentioned period, I decided to study further and establish stronger

career and growth opportunities. Love and desire for gaining more knowledge also drove me

to UPES.

My background in Electronics & Instrumentation and the strong desire for contributing my skills in the core sector compelled me to enroll in MBA Power Management. The exponential growth in the Power Industry also helped me in taking this decision. During the period of this course, I want to gain as much knowledge as possible and make myself apt for the Power Sector.

INDEX

Declaration

Letter of Transmittal

A Brief Introduction About Me.

Executive Summery

Chapter : 1 ……………………………………………………………………… 7-8

1.1 Introduction1.2 Objective of Study1.3 Research Methodology 1.4 Scope of Study1.5 Limitation

Chapter : 2 ……………………………………………………………………… 9-14

2.1 Finding

2.2 SWOT Analysis

Chapter : 3 ………………………………………………………………………. 15

3.1 Conclusion

References ………………………………………………………………………. 15

APPENDIX I …………………………………………………………………….... 16

APPENDIX II ……………………………………………………………………... 17

EXECUTIVE SUMMARY

This report has been prepared for Business communication and negotiation skills project. This report has been prepared as an assignment for our internal assessment. The report here first researches on the sectors that are open to me as a Power Management student, and these sectors would be

Power Resource Management Power Generation, Transmission and Distribution Carbon Financing Market Power Trading Power Project Planning and Financing Clean Energy Development Mechanism Power Sector Laws and Regulations Economics of Power Demand and Supply and Policy Aspects Power Planning

Next the various profiles within the Power Sector have been discussed. The profiles are

Business Analyst Relationship Manager Power Trader Consultant Plant Manager Assistant Manager Product Manager Surveyor

The best and most preferred way for a fresher to get a good job is through campus placements. Off-campus placements are not preferable or are comparatively less preferable as there is a lot of competition; moreover people with experience also apply for the same positions and competition tend to be tougher.

All the researches have been followed by a SWOT analysis based on the information provided by friends and family members. The analysis has helped me understand myself better which helps me focus on my strengths and mending my weaknesses. It also makes me aware of the possible opportunities and threats that we are likely to come across.

Finally conclusions on my career options after MBA have been discussed after completion of all the researches.

Chapter : 1

1.1 Introduction

Power sector plays a very crucial role in the economy of many countries. Electricity consumption per capita is a reflection of the country’s development. Almost all development activities require power, therefore power is vital for our as well as countries growth. It is the one of the most vital inputs to the socio-economic development of the country. The projected growth of Indian economy largely depends upon the performance and growth of the power sector. As estimated, India needs to augment power production to 8 lakh megawatts from the current 1.6 lakh megawatts to sustain present economic growth in next 25 years. In post reform era, Indian power sector has witnessed radical changes in terms of restructuring of the erstwhile State Electricity Boards (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 sides and 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. Both government & Private sector need skilled professionals in this sector especially in the county like India. All the developing country need ample amount of power and to maintain the demand and supply they need in the country.

This course MBA Power Management provides us with a sound understanding of the Power scenario thus enabling us to become accomplished Power sector manager with exposure to various power sector fields and markets along with the best practices involved, Pricing or tariff calculation which are an integral part of our course. We are fully exposed to Power sector which includes front and middle office working with proper knowledge of Power scenario to help us understand the various variables in the market. With necessary skills imbibed in us to be successful in the business of Power generation, distribution, transmission and trading.

1.2 OBJECTIVE OF STUDY

Determining the reason behind choosing the course of Power Management. Determining the skills and knowledge to be gained. To find out the strengths and developing zone in Power industry. To know the threats and possible hardships in the sector. Determining the placements we might get. Determining the best job as per the personality.

1.3 RESEARCH METHODOLOGY

1.3.1 TITLE

To determine the various career opportunity after completing MBA in Power Management.

1.3.2 TITLE JUSTIFICATON

The study deals with the various career alternatives after completion of the course of Power management and work to be done to accomplish the goal.

1.3.3 RESEARCH DESIGN

A Well prepared questionnaire and Personal interviews were done to collect the relevant matter which would help in determining the career one should take up after completing MBA.

1.4 SCOPE OF STUDY

People holding power management degree have ample employment opportunities in private as well as public sector. In these days of globalization and liberalization, it is likely to get further momentum as more power managers would be required to deal with the growing complications of rapidly expanding Indian power sector. This research deals with the scope of doing MBA in Power Management and hence helps to lay the path for the future managers to find the right job.

1.5 LIMITATIONS OF THE RESEARCH

The research is confined to a single Power Management class and University. Validity and reliability of questionnaire cannot be measured. In a rapidly changing industry, analysis on one day or in one segment can change very

quickly. The environmental changes are vital to be considered in order to assimilate the findings.

Chapter : 2

2.1 Findings

Research on Power Management states that it offers one of the most interesting and challenging work environment, financially secure future, a technical background oriented job( for those who prefer the core sector) and an exponentially growing market, i.e. the power sector which withholds bright future. On successful completion of this unique domain specific management program, designed to impart knowledge of general Management and Decision making with specialization in Power management, one will be eligible to occupy positions in power resource management, environment impact assessment, power auditing, power efficient systems/technologies, power generation, transmission, distribution, power sector laws, power policies, power security, power pricing, power economics, power tariffs and power trading etc.

Below are the graphs which describe the demand-supply situation of power in India:

Figure: The Demand-Supply gap of power consumption

There is a huge demand supply mismatch of electricity in our country, the revolutionary Electricity Act 2003 has widened up the scopes of Power sector in our country which is gradually overcoming the deficit of electricity in our country.

Figure: Per Capita Electricity Consumption in four Countries.

Some of the major profiles, where we have future possibilities are:

Consultant Project financing Research and Development IT Consultant Power Trader Project planning and execution Business analyst Scheduling in Transmission and Distribution

Consultant :

The consultant's primary role is to assist your organization with certain areas of your inclusiveness work. While the consultant may act as an educator, a catalyst for deeper change, a resource, or a facilitator, the leadership of the process remains within your organization. The Inclusiveness Committee, staff, board members, and executive director have the power, and the greater responsibility, to lead the process of becoming more inclusive. This is a well-paid job.

There are generally four categories of work for which you may want to hire the services of a consultant or a consulting team: 

a) Overall Guidanceb) Information Gatheringc) Cultural Competency/Diversity Trainingd) Evaluation

Companies- PWC, ENY, Accenture, Infosys ,LnT, Mott-Macdonalds, Ansaldo

Project Financing:

It is the activity involved in the preparation of financial model for the total project cost. A project financing structure involves a number of equity investors, known as 'sponsors', as well as a 'syndicate' of banks or other lending institutions that provide loans to the operation. It helps banking sector like PFC, REC to distribute the debt for bidding projects. Project costing is the post activity involved in the distributing the capital in the different sector of the power industries.

Companies- PFC, REC, Larson and turbo

R and D :

Different technologies involved in producing power come under R&D. There are many sources through which electricity is produced such as:

1. Coal2. Gas3. Oil4. Hydro5. Wind6. Nuclear7. Solar8. Tidal9. Biomass10. Geothermal11. OTEC

In each sector R & D is required for quality and quantity of power.

Companies- Siemens, Thermax, Thyseen krupp

8 IT Consultant :

IT consultants may be used to provide strategic guidance to organisations with regard to technology, IT infrastructures and the enablement of major business processes through enhancements to IT. IT plays a very important role in the improved version of Power Sector, today so many schemes are dependent on IT, APDRP, Electronic Metering, SCADA, Meter Billing, PLCC, smart grids all these applications are based on IT. There is a tremendous scope of IT in this sector and very fruitful to this sector.

Companies- Infosys, Accenture, Wipro, TCS

Power Trader :

This sector is currently in the developing process. It has untapped potential to expand in the near future as it has a good scope for leveraging on seasonal and time-of-day fluctuations in different regions, apart from medium-term mismatches. This sector is highly paid in terms of money and other benefits.

Companies-PXIL, IEX

Project planning and Execution:

Formal, approved documents used to guide both project execution and control. The primary uses of project plan is to document planning assumptions and decision, facilitate communication among stake holders and document approved scopes cost and scheduled base lines project plan may be summarize or detailed.

.Companies-, Price water house Cooper, Earnest and Young, Infosys, PFC

Business Analyst :-

A Business Analyst (BA) is someone who analyzes the existing or ideal organization and design of systems, including businesses, departments, and organizations. Business analyst plays a very crucial role in the Power Sector. It is one of the most prestigious and highly paid jobs in this sector. Its role is to develop strategic business plans and undertake business needs assessments. Researching and analysis on current trends, scenarios of industry, technology and regulatory matters. Estimating future returns for projects in renewable fields. Preparing information memorandums, project reports and present the same to top management. Prepare and analyze dossiers for industry and competitors in renewable Report preparation for bid/tendering

process. The importance of business analyst was increased after the Electricity Act 2003 came in to the process in the introduction of Private players came into power market.

Companies-Accenture, Price water house Cooper, Earnest and Young

Scheduling in Transmission and Distribution:

Here the role of a manager is to schedule the electricity in Transmission and Distribution. In India there are huge losses Transmission & Development. Thus, proper scheduling is required to overcome such losses. Scheduling and distribution is done in time slots. This is a very booming sector in Power industry and there is a lot of potential in this sector.

Companies-KPMG, Kalptaru, Torrent Power

2.2 SWOT ANALYSIS

STRENGHTS:-

I. CaringII. Friendly

III. CalmIV. AdaptableV. Bold

VI. ModestVII. Responsing

WEAKNESSES:-

I. ShyII. Nervous

III. Self-consciousIV. ComplexV. Introverted

VI. IdealisticVII. Sympathetic

OPPORTUNITIES:-

I. Business AnalystII. IT Consultant

III. R & DIV. Scheduling in Transmission & Distribution

THREATS:-

I. Lack of experience in this fieldII. Strong competition from colleagues and other experienced students in the same field,

both from UPES & NPTI and other such institutes.

After the SWOT analysis I came to know that I have many weaknesses which can be a hindrance in my path to success, yet there is a saying “Where there is a will, there is a way”. Thus, if worked upon, success can be achieved. Apart from this I have Electronics and Instrumentation background with an exposure to Wipro’s working environment. This will help me fit in Power sector as a IT Consultant or any other suitable job.

Meanwhile, I am supposed to work on my weaknesses.

As far as the threats are concerned nothing exactly can be done about them as they are not in anyone’s control. The opportunities are to be availed, whenever possible. Strengths and weaknesses are the ultimate targets to be worked upon for success.

Chapter : 3

3.1 CONCLUSION

The research work helped me discover various career options which can be taken up after completion of MBA degree in Power management. It has showed me that various managerial positions in IT Companies, in Generation; Distribution industry, Oil & Gas based Power companies, trading companies, or can take up the job of Consultant and Business Analyst can be opted for by me.

To achieve my goal it is imperative that I should keep myself updated with every news and change happening in Power sector and Various Power reforms around the world and keep a good and thorough knowledge of the domain specific subjects.

REFERENCES

www.careerbuilder.com/ JobS eeker/ Jobs / Job Details.aspx? job www. in.linkedin.com/in/manishconsultant www.google.com www.wikipedia.com www.olf.com/news/pdf/ etrm _software.pdf http://www.sapient.com/globalmarkets/ http://newsroom.accenture.com/article_display.cfm?article_id=3563 http://etrmcommunity.com/site/modules/wordpress/2007/07/24/a-utilipoint-interview-

mike-burger-mre-consulting/ www.linkedin.com http://careers.jpmorgan.com/student/jpmorgan/careers http://www2.goldmansachs.com/careers/our-firm/locations/india/index.html

APPENDIX- I

INTERVIEW WITH SIPRA CHAKRABORTY (MY MOTHER)

1. What are your expectations from me after I complete MBA.?

Ans:- Successfully complete your course and gain thorough knowledge in this field. This will help you in reaching your goal of being well-established and help you gain a satisfactory job.

2. What according to you are my strengths?

Ans:-You are a hard worker; and have dreams and goals which is a good sign. You have a previous background of Electronics and Instrumentation with work experience in IT, hence you should be able to adapt to the field very easily.

3.What are my weaknesses.?

Ans:-You are quite confused and nervous at times. You need to be more tactful and be a bit more social.

4. Possibilities in this sector in India or in Abroad ?

Ans:- This is very good sector in whole world. But if we talk about india, India is emerging in this sector. As we know India imports 70% of its energy from other countries so trading is very important, which obviously increase the requirement of Energy Trader. In Europe, USA or other continent this sector is very promising and highest paying sector. So in near future we hope that India will be on same track.

5.What are the changes in me you would suggest.?

Ans:-First of all you should work on eradicating your weaknesses and then go step by step to achieve your goal.

APPENDIX-II

INTERVIEW WITH Mr. SOUMITRA BHATTACHERJEE

1.What according to you are my strengths.?

Ans:-As far as I have observed you are well-behaved, decent and calm natured person. This points adds advantage in maintaining professionalism.

2.What are my weaknesses.?

Ans:-Well as far I have observed you quite introvert as you do not open easily in front of everybody. You also need to improve your negotiation skills as this is quite important in managerial field.

3.Do you think I have selected the right course.?

Ans:-Yes of course you have got the perfect background with exposure to the IT sector. If worked upon you will certainly shine and have a bright future.

4.What are the things will you suggest me to overcome my weaknesses.?

Ans:-First of all you should try to become more socially involved, talk to people, discuss things with them, give your opinions and participate in class activities as much as possible.

Gantt chart on Report Writing of Career Options after MBA in Power Management, winter 2012

Task Person(s)Responsible

Nov12-15

Nov16-19

Nov20-23

Nov24-27

Nov 28-Dec 1

Dec

2-4

Dec

5-7

Collection Of Material on Introduction

Arunduty Chakraborty

Research on scope and limitations of

the study

Arunduty Chakraborty

Research on different job profiles

Arunduty Chakraborty

SWOT Analysis with person 1

Arunduty Chakraborty & Akansha

Saxena

SWOT Analysis with person 2

Arunduty Chakraborty

& Sagar Sinha

SWOT Analysis by me

Arunduty Chakraborty

Questionnaire With Sipra Chakraborty

Arunduty Chakraborty

& Sipra Chakrabory

Questionnaire With Soumitra

Bhattacherjee

Arunduty Chakraborty & Soumitra

Bhattacherjee

Preparation of the Rough Draft

Arunduty Chakraborty

Finalizing the Draft Arunduty Chakraborty

Submission of Assignment

Arunduty Chakraborty & Dr. Sheetal

Khanka