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

The Division of Economic and Business at Mines and the Institut Français du Petrole (IFP), in Paris, France, together offer an advanced collaborative international graduate degree program 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 a 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
  • A keen interest in an international career in the public or private sector relating to petroleum and other energy industries
  • A commitment to excellence and leadership

For professionals 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 Mines and 8 months at IFP) the successful student of Petroleum Economics and Management (PEM) receives not one but two degrees:

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

Who is Eligible?
Mines, 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
  • Quantitative skills as demonstrated by their
    • Course work 
    • GPA
    • 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 dual degree program should be submitted for consideration by the deadlinesPDF versionText only version set by the Graduate Admissions Office to begin courses the following fall semester in August. We make our offers in April. 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 information on WICHE, visit http://www.wiche.edu/.


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Last Updated: 01/10/2017 15:04:24