Funding and Scholarship
Despite high costs, courses in petroleum engineering attract lots of bright students. Students can get education loans from various nationalised banks or private banks which are being made available at low interest rates. Scholarships are available for meritorious students, particularly for those who excel in entrance exams. Oil and Natural Gas Corporation Limited (ONGC) scholarships are offered to SC/ST students who want to do research in engineering.
Bharat Petroleum Corporation Ltd offers attractive scholarships for engineering students interested in doing research in petroleum energy. Indian Oil Corporation under its corporate social responsibility offers 100 scholarships to engineering students wherein students can avail Rs 2000 per month for four years bachelor degree.
Job Prospects
Career prospects are quite attractive in petroleum sector as petroleum companies have great influence and offer attractive salaries to employees. The demand for petroleum and petroleum products is only expected to increase and the increase would lead to creation of new jobs. In fact, there is great demand of efficient petroleum engineers and almost every young graduate in petroleum engineering gets a job offer from petrol and gas companies from India and overseas.