A degree in M.B.A. (Petroleum and Energy Management) imparts necessary skills as well as competence which are required to function in important positions in a number of segments of the petroleum and energy sector. Some of the basic jobs that you can get include Energy Trader, Director of Operations, Business Development Manager and Pricing Analyst -- to name a few. Obviously, you will get lucrative packages in this sector.
It is not only in the core Oil & Gas sector that petro-graduates are in demand. Another promising area is IT. Companies with domain areas in Oil and Gas, such as Wipro & TCS have verticals focused on Oil and Gas. They are responsible for projects in these industries. They prefer people with IT knowledge and domain knowledge of the Oil & Gas sector.
Secondly, there are a number of companies into the design of off-shore structure, off shore drill-well etc, which only petroleum engineers can execute as they will have these subjects covered in their curriculum unlike a civil or mechanical engineer. For example, L&T is a major company in this area. The remuneration, however, offered will be higher for the core technical jobs, in comparison to these allied opportunities.