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What is Energy Business and Finance?

Our graduates use their knowledge of energy commodity markets, statistics and risk analysis, and project finance related to energy systems and environmental issues to shape the future of energy production. The major was designed to help students build critical analytical skills in preparation for careers with energy companies, public agencies, and the financial institutions that are investing globally in emerging energy technologies. Additionally, the Energy Business and Finance’s program unique option in Land Management offers excellent preparation for law school or careers in obtaining and negotiating property rights for energy projects.

You Might Like This Program If...

  • You want to work in the energy sector.
  • You enjoy analytical thinking and complex problem solving.
  • You are passionate about paving the way for a sustainable energy future.


The Energy Business and Finance (EBF) program in the College of Earth and Mineral Sciences offers such a transformative approach by integrating the study of energy economics and decision-making within an engineering department.The John and Willie Leone Family Department of Energy and Mineral Engineering is one of the few in the world to place both engineering and energy economics education under the same academic roof. Our commitment to interdisciplinary study was recently advanced by John and Willie Leone's gift of $5 million to support joint education in energy economics and engineering.

The EBF program emphasizes risk analysis and decision-making related to energy systems and environmental issues. Students are challenged to examine problems using rigorous quantitative analysis. Students entering the EBF major can choose either the general option or the energy land management option. EBF graduates who do well in the program have strong employment opportunities in the energy sector, and are well trained to enter both law and business school. The EBF program has already had substantial success. Building upon the long and respected tradition in EMS for Mineral Economics, in a few short years EBF has become one of the largest majors in the College. We believe, however, that our interdisciplinary educational approach has only begun to scratch the surface of EBF's potential. Our alumni now work in a variety of energy and consulting companies, as well as financial trading houses and federal agencies.

Want to learn more?

Visit the University Bulletin to learn more about:

  • How to Get In
  • Program Requirements
  • Integrated Undergrad-Grad Program
  • Learning Outcomes
  • Academic Advising
  • Suggested Academic Plan
  • Career Paths
  • Accreditation

Insider's Guide to EBF

The Insider’s Guide to the EBF major contains detailed information about program requirements, strategies for success in the EBF program and a complete listing of courses that will count towards EBF degree requirements. All students are urged to review this document. There are three versions of the Insider’s Guide for the general option depending upon when a student entered Penn State and one version for the ENLMN option – please make sure you are using the right guide.

In addition, check out the List of Summertime Courses that EBF students can take during the summer sessions.

Check Sheets 

Instructional video for filling out EBF checksheets

EBF General Option Check Sheet for Program Year 2014 of earlier (without minor or term abroad)

EBF General Option Check Sheet for Program Year 2015 or later (with minor or term abroad)

Business Fundamentals Certificate offered by the Smeal College of Business

The Smeal College of Business has recently decided to allow students majoring in Energy Business and Finance to enter their Certificate in Business Fundamentals program. More information about the certification is available below.

EBF and Smeal Business Certificate

Helpful Tips from EBF Scheduling Help Session

A list of all the required courses for the program are available on the Recommended Academic Plan/Scheduling Guide for Energy Business and Finance.

Alternate Access to Web Information

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