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Q. What is the CSM/IFP Joint Degree Program in Petroleum Economics and Management? A. The CSM/IFP program is a unique graduate program offered by the Colorado School of Mines (CSM), Division of Economics and Business in Golden, Colorado and the French Institute of Petroleum (Institut Français du Petrole (IFP)), IFP School in Paris. It is designed to provide the economic and business skills along with international cultural experience required to become a leader in government and industry in the area of petroleum. This highly focused and demanding program enables students to earn the equivalent of two Master of Science degrees in Petroleum Economics and Management in approximately 16 months. Students will perform half their coursework at CSM and the other half at IFP. Q. What are the two degrees that I will earn? A. The two distinguished degrees are Masters of Science Degree in Mineral Economics at CSM and Diplôme d'Ingénieur in Petroleum Economics and Management from IFP. Q. Can I combine the IFP degree with a Ph.D. at CSM? A. Yes, a joint degree with a doctorate at CSM is possible. Such a degree would require three additional core courses: EBGN690 Advanced Econometrics Qualifying exams on written exam on core courses written and oral exam on thesis topic and minor 24 credits of thesis work and write and defend a Doctorate thesis. Q. What background is required for admission into the program? A. 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 the petroleum and other energy industries, plus 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. Q. How do I apply for the program? A. Interested applicants should apply for admission through the Colorado School of Mines application process. For a program application please click on the following link: http://www.mines.edu/admiss/grad/. Application requirements can be found at http://www.mines.edu/admiss/grad/graduate_admissions.htm. To continue on to the French side of the program you will need to maintain a "B" average at CSM in at least nine hours of approved courses with no lower than a "C" in any course for your first term at CSM. You will need to send your application to IFP and provide four passport-size photos to CSM after your arrival (by September 30). If you are applying through IFP, you will need to apply and be accepted to IFP first. Once accepted by them, they will provide you with application information to be sent to CSM. For citizens of the European Union, it may be a great deal more cost -effective to apply through IFP. Q. Do I have to submit GRE or GMAT scores to apply? A. The CSM Division of Economics and Business requires either GRE or GMAT scores to be submitted with your application. Q. Where can I take the GRE or GMAT entrance exams? A. GRE (www.gre.org) or GMAT (www.gmac.com) Q. Is proof of English proficiency required? A. Proof of English proficiency is required if you do not have a Bachelors degree from and English speaking University and English is your second language. You will be required to submit a TOEFL test score of at least 87 on the recent test offering, a 213 on the older computer based test or 550 on the written test or submit a IELTS test score of at least level 5. http://www.toefl.org/ or http://www.ielts.org/. Q. How does the IFP Program prepare me for a job? A.Graduates are able to work in teams in an international environment and have developed strong economic, management, and decision-making skills. Thus, they are well positioned to become leaders in the fast-paced petroleum industry. To review a list of employers of IFP program graduates, please click here. Q. What advantage does the IFP Program present over other Master of Science degrees in Management? A. The CSM/IFP program is highly quantitative and provides students the opportunity to specifically focus in the area of petroleum management. To better prepare for occupational interests, students have the opportunity to specialize in either economics/public policy (EPP) or quantitative business analysis (QBA). Both the international nature of the program and its students also provide important intercultural experiences as preparation for work in a truly global industry. Q. What is the approximate program length? A. The program consists of 48 semester hours, with 24 hours taken at each institution. The entire program will take 16 months if you start in August. Students spend the fall in CSM, then the spring and summer sessions at IFP, and return to CSM for the fall term to finish the degree. To get a general idea, the dates are approximately as follows: First semester: Third week in August to mid December at CSM. Second Semester: First week in January to third week in April at IFP. Third Semester: First week in May to third week in July at IFP. Fourth Semester: Third week in August to mid - December at CSM. Q. What are the program pre-requisites? A. The equivalent of a U.S. Bachelors degree and three college level courses:
It is desirable but not required to have more mathematics for the program. It is also a good idea to review basic macroeconomics before entering the program. Self test exams and review references for all these course can be taken from this page. To improve your economics vocabulary you can also see a glossary of economic terms at http://www.wwnorton.com/college/econ/stiglitz/glossb.htm. Q. Can I test out of the pre-requisites? A. No, students are not able to test out of any of the three required prerequisite courses. Q. Can I enter the program with a deficiency? A. You cannot enter the program without calculus or microeconomics.. You can either take it prior to CSM or take it at CSM as a non-degree student. You can enter the program without probability and statistics and can complete the program on time, if you can take a one course overload your first semester at CSM. Students must complete probability and statistics during the first semester in the program. Q. What are the course requirements for the program? A. CSM Course Requirements: Core Courses (15 credit hours) Two Field Courses (6 credit hours) One Elective Course (3 credit hours) IFP Typical Course Requirements: Oil and Gas Reservoir
Engineering Q. What are the fields of specialization? A. There are two fields of specialization at CSM. Economics and Public Policy (EPP) is for those who want a career relating to petroleum and other mineral industries in government and non-governmental organizations. Quantitative Business Analysis/Operations Research (QBA/OR) is for those who want a business career in petroleum and other mineral industries. For a listing of courses in the two CSM fields click here. The field of specialization at IFP is Petroleum Economics and Management. For a list of the courses in their fields click here. Q. What is a typical course load? A. At CSM, the typical course is three credit hours and the typical load is four courses. With permission strong students may take up to five courses for no additional fees. The minimum full time load is 10 credit hours. Below 10 credits, the student is considered part time. The IFP program is more structured and the course load is shown below. Q. I understand that the IFP program is highly structured, but may I choose my classes? A. While completing coursework at CSM, non-thesis students may choose from courses within their Field of Specialization and one elective in addition to the required core courses. Most classes at IFP are considered core courses and may not be changed. Q. What is the typical sequence of classes if I start in August? A.The typical sequence of classes for a student with a QBA/OR field starting in August with no deficiencies is: 1st Fall Term (CSM)/ Spring Term (IFP) EBGN509
Mathematical Economics (core)/ T1 Oil and Gas Reservoir Engineering Summer Term (IFP) 2nd Fall Term (CSM) Refining/ EBGN 412 Macroeconomics or EBGN 411 Microeconomics Check with an advisor if you want to specialize in EPP or have deficiencies. The above schedules are for students who want to do the minimum required course loads. Students who can afford it may choose to spend an extra semester at CSM to take additional courses that they need for professional advancement but can not fit into the 16 month. Q. How do I choose my elective courses? A. Students are encouraged to choose elective courses that build upon the core and specialization classes of the program by selecting additional graduate level courses within any EB or with permission from any other academic department at CSM. Q. May I choose a Thesis option? A. A thesis option is available for
IFP students but it would typically require an extra semester of work. The thesis
student take 2 courses in their specialization instead of 3, no electrics but
are also required to do 12 credits of thesis work. A. Courses at both CSM and IFP are taught in English; however, to fully maximize your educational and cultural experience it is recommended that you prepare yourself by taking courses in French. Please consult the following link for suggested French classes. French classes are not typically offered at CSM unless of minimum of 4 students will take the class. For information on French classes in the area click here. The IFP School offers courses in French. For more information go to: http://www.ifp-school.com/. Once the website is open, click on the "English Version," and, then on the next page, click on "The Campus." You should then see an option called "Language Courses." Q. I have already taken graduate courses at another school. Can I transfer these courses in for my Master's Degree? A. Only the transfer credits from IFP are allowed in this program. However, you will not have to retake any core courses you have already taken if the previous course is approved by the current instructor of the relevant course and your advisor. Q. What financial aid is available for the program? A. We have a limited amount of financial aid available, which is awarded competitively. Aid is usually in the form of teaching, grading, and research assistantships and is only available while at CSM. Some faculty hire research assistants, but usually these go to continuing, not new students. The average TA award in the Division of Economics and Business is $4500 a semester but ranges from $1200 to $8000. Other departments occasionally have a need to hire assistants as well. You can check with those departments individually as well. Contact information for other departments is at http://www.mines.edu/academic/department.shtml. Q. How do I apply for Financial Aid? A. Complete your FAFSA in the same manner as all CSM graduate students: http://finaid.mines.edu/ Q. Will I be eligible for Federal Stafford Loans as an IFP student? A.
Eligibility requirements for Stafford Loans to IFP students who are U.S. citizens
are the same as other graduate students who are U.S. citizens. Q. What are tuition and fees and other costs for the program? A. The latest tuition and fees for CSM can be found at http://www.mines.edu/admiss/grad/tuition.htm. In addition to the normal tuition and fees, the CSM/IFP program charges and additional surcharge of $1000 per semester. Typical estimates of other costs can be found at http://www.finaid.mines.edu/CO_CostsBilling.html. In budgeting for coming years note these costs typically increase 3-5% from year to year. Q. I am currently Colorado resident. Will living in France for 8 months impact my residential requirements for Colorado residency? A. No, you are considered a student at the Colorado School of Mines. For additional questions about Colorado residency requirements please contact the CSM Registrar's office at http://www.is.mines.edu/registrar/. Q. Am I eligible for resident tuition? A. Colorado residents are eligible for resident tuition. U.S. citizen or residents who have lived in Colorado for a year or more are eligible for Colorado residency provided they satisfy the legal residency requirements. If you join the program from the CSM side and pay tuition here, you will be considered in residence for tuition purposes. Student who are residents of states in the Western interstate Commission for Higher Education (WICHE) are eligible for resident tuition. WICHE states are Alaska, Arizona, Colorado, Hawaii, Idaho, Montana, Nevada, New Mexico, North Dakota, Oregon, South Dakota, Utah, Washington, Wyoming. Q. How do I find housing in Golden? A. The best way to find appropriate housing is to come a bit early. The earlier you arrive the better will be your selection. When making arrangements for housing in Colorado, be mindful that you will only be attending classes from August through December. On campus housing at CSM sometimes has a waiting list. If you are interested in on campus housing get on the waiting list as soon as possible. See the website for information on Mines Park. You may find some information on housing on and off campus as at http://www.mines.edu/admiss/grad/graduate_life.htm. International student organizations also may be able to help with questions or have housing ideas. For a list of these organizations see http://www.mines.edu/stu_life/intl.shtml. To find contact information for these organizations check with international office. Alyda Morosco amorosco@mines.edu. Q. How do I find housing in Paris? A. Housing in Paris for single students is usually available through IFP at rates somewhat comparable to those in Golden. For this housing you will make arrangements before you leave for Paris by filing out a housing request form. IFP housing for families is somewhat more limited. Non-IFP housing is typically secured after your arrival in Paris, but IFP can help with hotel reservations and your search. Q. When should I arrive in Paris? A. The dates on which you should arrive will vary each year. Usually, the residences will be open for registration the Thursday and Friday the week before classes begin. However, in general, IFP residences are not open on the Saturday and Sunday before classes begin in early January, so take care if you are buying a plane ticket early. If you arrive when registration is not open for the residences, you will have to find your own temporary accommodation. For exact dates you will need to contact Nadine Brent-Rouzaut at Nadine.BRET-ROUZAUT@ifp.fr. Q. Who do I contact for U.S. visa information? A. U.S. visa information can be found at http://www.mines.edu/Stu_life/intl_stu/index.html. For other U.S. visa questions contact Alyda Morosco amorosco@mines.edu. Q. Do I need a visa for France? A. E.U. residents do not require French visa's. Most other students will require a student long stay visa. We will fill out visa paper work and send for visas early in the fall semester to the French Consulate in Los Angeles. Visa information and applications blanks can be found at http://www.consulfrance-losangeles.org/spip.php?article428&var_recherche=visa. Students typically require 2 visa pictures. Students from some countries, spouse's and dependents may require up to 8 visa pictures. Q. Who is my academic advisor? A. Your graduate advisor at CSM is Carol Dahl, 1-303-273-3921, EH328, cdahl@mines.edu. Your academic adviser in France is Madame Nadine Brent-Rouzaut at Nadine.BRET-ROUZAUT@ifp.fr. Q. What are the GPA requirements for graduation? A. All graduate students must maintain a 3.0 GPA.
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