Business Schools Doling Out Scholarships To Attract Oil And Gas Workers
A majority of oil and gas workers are switching sectors for better stability, while anticipating job cuts. Some business schools are offering scholarships to entice oil and gas workers to pursue higher education, in the meantime. LBS is offering up to 50% of fees to MBA applicants, who are currently employed in the energy sector.
Oil and gas workers can take advantage of these scholarships to improve their skills, while the industry recovers.
Seb Murray said in a recent article:
“To entice fleeing oil and gas workers, business schools are rolling out energy-sector-specific scholarships. LBS offers an award of up to 50% of fees — currently £70,800 — to MBA applicants who are employed in the energy sector, among other awards. “We created these last year to try and attract them,” says LBS’ David.”
Increase In Cost Of Attracting And Retaining Talent Expected
When the demand for skilled workers picks up in due course, oilfield services companies will have to compensate workers by giving them a higher pay to attract them to the oil and gas industry. This will prove to be a boon for candidates who are looking for jobs in the oil and gas industry.
Tom DiChristopher said in a recent article:
“As the United States reaches full employment, oilfield services companies and drillers could face a shortage of workers and may have to pay dearly for them. Airswift Chief Operating Officer Janette Marx said employers should anticipate a significant increase in the cost of attracting and retaining talent once demand for skilled staff returns.”
Oil and gas workers need to take advantage of the situation and make the most of the offers by business schools. They should be ready to upgrade their skills or have an alternate career option ready with them.