Dual Degree in Petroleum Economics & Management with Mineral and Energy Economics


The Division of Economic and Business (EB) at the Colorado School of Mines (CSM) and the IFP School at the Institut Français du Petrole (IFP), in Paris France, together offer an advanced collaborative international graduate degree program geared to meet the needs of industry and government. Our unique program trains the next generation of technical, analytical and managerial professionals vital to the future of the petroleum and energy industries.

These two world-class institutions offer a rigorous and challenging program in an international setting. The program gives small elite group of students a solid economics foundation combined with quantitative business skills, the historical and institutional background, and the interpersonal and intercultural abilities in the fast paced, global world of oil and gas.


Qualifications for the program include the equivalent of a U.S. Bachelor's degree with a strong academic background and a keen interest in an international career in the public or private sector relating to the petroleum and other energy industries, plus a commitment to excellence and leadership. For professional working in industry, research or government organizations, both experience and academic background will be taken into consideration.


After studying in English for only 16 months (8 months at CSM and 8 months at IFP) the successful student of Petroleum Economics and Management (PEM) receives not 1 but 2 degrees:

Masters of Science in Mineral and Energy Economics from CSM and
Diplôme D'Ingénieur or Mastère Spécialisé from IFP

Who is Eligible?

Colorado School of Mines in general, and the Mineral and Energy Economics program in particular, is known worldwide for the quality of its students. The program has attracted students from more than 25 countries. Students admitted to the program are chosen for their strong intellect, integrity, work ethic, and quantitative skills as demonstrated by their course work, GPA, and scores on either the GRE or the GMAT.

In addition, students must demonstrate a strong interest in energy, minerals, public policy, and/or related environmental and technological issues. These interests will be reflected in the letter of interest and previous involvement in these areas. The Division is also looking for strong leadership potential as shown by previous academic, personal, and employment successes. All students must have completed Calculus I, Introductory Probability and Statistics, and Principles of Microeconomics prior to entering the program.

Application Deadline

Important: Applications for admission to the joint degree program should be submitted for consideration by March 1st each year to begin courses the following fall semester in August. Only seven students are selected for the program each year. We also select three alternate students. A deposit of $500 is due to secure your place in the program.

The Western Interstate Commission for Higher Education (WICHE) allows students who are residents of 14 surrounding western states to enroll on a resident tuition basis. The Mineral and Energy Economics program is an approved WICHE program. For additional information on WICHE see http://www.wiche.edu/.

Estimated Costs

    Non-Residents  Residents
   Per Semester Total Per Semester Total
 Tuition * $15,165.00 $60,660.00 $7,200.00  $28,800.00
 School Fees **  $1042.64  $2,205.28  $1,042.64  $2,205.28
 Program Fees  $1,000.00  $4,000.00  $1,000.00  $4,000.00
 Air Fare    $800.00    $800.00
 CSM Health Insurance ***  $897.00  $3,588.00 $897.00  $3,588.00
 Average Cost of Living at CSM  $4,800.00 $9,600.00 $4,800.00 $9,600.00
 Average Cost of Living at IFP  $5,880.00 $11,760.00 $5,880.00 $11,760.00
 Application Fee for VISA EST    $250.00    $250.00
 Total Estimated Cost   $92,863.28 $61,003.28 
    * US Citizens can apply for residency after one year.  If approved in semester #4, you would pay resident tuition.
     ** School Fees - 2 semesters in USA @ $1,024.64 each, 2 semesters at IFP @ $60.00 each.
     *** May not need CSM health insurance.



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Last Updated: 12/18/2013 11:16:10