Prospects for new graduates are excellent. As per Payscale, the average starting salary is $88,641 per year, and is the highest petroleum chemical engineering salary. We also use third-party cookies that help us analyze and understand how you use this website. As of Oct 16, 2020, the average annual pay for a Petroleum Engineer in the United States is $122,847 a year. Data used to develop this report includes ADP data. Those professionals who work at oil production sites have to work at irregular timings, since the fuel extraction goes on day and night. Finally, another factor to consider is the average salary for these top ten cities varies very little at 9% between San Mateo, CA and San Francisco, CA, reinforcing the limited potential for much wage advancement. The salary of a petroleum engineer is influenced by number of factors. Other factors that influence the salary of a petroleum engineer are one’s degree and work experience. A Petroleum Engineer in your area makes on average $60 per hour, or $1.40 (2%) more than the national average hourly salary of $59.06. A four-year degree increases median lifetime pay by 84 percent, compared to high school only. The lowest-earning 25 percent received $97,860 per year or less, while the top 25 percent received at least $183,520 per year. With these 10 cities having average salaries higher than the national average, the opportunities for economic advancement by changing locations as a Petroleum Engineer appears to be exceedingly fruitful. The average Entry Level Petroleum Engineer salary in the United States is $96,298 as of October 28, 2020, but the salary range typically falls between $87,958 and $106,457. If you know your password, you can go to the sign in page. U.S. Bureau of Labor Statistics: Petroleum Engineers, U.S. Bureau of Labor Statistics Occupational Employment and Wages, May 2012: Petroleum Engineers, Society of Petroleum Engineers: 2012 SPE Memebership Salary Survey Highlight Report. We found a few related jobs that pay more than jobs in the Petroleum Engineer category. $4,586 is the 90th percentile. FAQ. This article deals with a brief information on the salary and job description of these professionals. We hope you enjoy this website. Salaries above this are outliers. The career of a petroleum engineer provides great opportunities to explore various energy sources, and hence, demands traveling all around the world. Salaries above this are outliers. Given below are tables that provide figures related to these salaries. The average Petroleum Engineer salary is $84,935 as of October 28, 2020, but the salary range typically falls between $77,821 and $92,254. Learn more: $72,500 is the 25th percentile. The average salary for a Petroleum Engineer in Australia is AU$121,343. Wages above this are outliers. $6,041 is the 25th percentile. After acquiring the required qualification, a student can apply to various private industries. on ZipRecruiter today. As a technician/specialist, for example, women received total cash compensation of $165,294 annually, while men received $193,077. I have studied Petroleum Engineering and have worked as a Petroleum Engineer, So, I suppose I can answer your question. You also have the option to opt-out of these cookies. It is all because of the science of petroleum, that we can use fuel for vehicles, and gas for cooking food. These cookies will be stored in your browser only with your consent. Petroleum engineering grads received the highest starting pay of any undergraduate major in the survey, including both engineering and nonengineering disciplines. It is an incredible field of engineering, that deals with extraction of oil and natural gas from the deposits below the Earth’s surface. A petroleum engineer has a very vigorous work-schedule, and may have to work at a stretch for 10 days. Find your next high paying job as a Petroleum engineering. When a site is finalized for extraction, he analyzes the area, and designs a plan to extract the oil without causing a spill and wastage. Growth will largely depend on price increases, which make more complex methods of extraction cost-effective. $114.66 is the 90th percentile. Our site includes quite a bit of content, so if you're having an issue finding what you're looking for, go on ahead and use that search feature there! With the help of other professionals they analyze the properties of the reservoir, and find out the best method for drilling. Other top-paying employers include basic chemical manufacturing, where salaries averaged $146,270 per year, and scientific research and development, where annual incomes averaged $145,780. Petroleum Engineer Salary Comparison by Location. $80.29 is the 75th percentile. *Salary estimates (ZipEstimate) are not verified by employers; actual compensation can vary considerably. They include educational qualification, type of employer, work experience, etc. Sign up to receive the latest and greatest articles from our site automatically each week (give or take)...right to your inbox. As per Payscale, the average starting salary is $88,641 per year, and is the highest petroleum chemical engineering salary. For obtaining a job related to research or teaching, a student may be required to obtain a Master’s degree. ADP is an exclusive provider of employee payroll data for ZipRecruiter. Salary ranges can vary widely depending on many important factors, including education, certifications, additional skills, the number of … Wages above this are outliers. The salaries are governed by various factors and hence, vary to great extent. In addition, the greater Dallas region had average annual wages of $176,850, the top pay among metropolitan areas. Some of them, like Senior Petroleum Engineer jobs pay just $28,808 (21.0%) more than the average Petroleum Engineer salary of $122,847. While ZipRecruiter is seeing hourly wages as high as $130.29 and as low as $13.94, the majority of Petroleum Engineer wages currently range between $34.86 (25th percentile) to $80.29 (75th percentile) across the United States. Out of these cookies, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We'll assume you're ok with this, but you can opt-out if you wish. To estimate the most accurate hourly salary range for Petroleum Engineer jobs, ZipRecruiter continuously scans its database of millions of active jobs published locally throughout America. They have to discover areas from which energy can be extracted. The basic educational requirement is a Bachelor’s degree in petroleum, chemical, or mechanical engineering. Oklahoma City, where engineers averaged $176,460 per year, reported the second-highest pay among the cities. The average pay range for a Petroleum Engineer varies greatly (by as much as $45.43), which suggests there may be many opportunities for advancement and increased pay based on skill level, location and years of experience. Petroleum engineers continue to command high salaries. Salary estimates are based on 1,242 salaries submitted anonymously to Glassdoor by Petroleum Engineer employees. Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. This website uses cookies to improve your experience while you navigate through the website. Visit PayScale to research petroleum engineer salaries by city, experience, skill, employer and more. ADP and the ADP logo are registered trademarks of ADP, Inc. The largest employer of petroleum engineers were oil and gas extraction firms, which had 19,880 engineers and paid an average of $161,050 annually. Oil and gas extraction was the highest-paying industry for petroleum engineers overall in 2012, according to the BLS. Once the fuel extraction process begins, he has to monitor the tools and the labors involved in extraction. Get better results by entering a location. How much does a Petroleum Engineer make? Oklahoma led as the top-paying state in the BLS survey, paying petroleum engineers an average annual salary of $160,090 in 2012. While ZipRecruiter is seeing annual salaries as high as $271,000 and as low as $29,000, the majority of Petroleum Engineer salaries currently range between $72,500 (25th percentile) to $167,000 (75th percentile) across the United States. This category only includes cookies that ensures basic functionalities and security features of the website. How Much Do Petroleum Engineer Jobs Pay per Hour? Due to the increasing demand for alternative energy sources, many petroleum engineers are using their talent for discovering harmless energy fuels. It is mandatory to procure user consent prior to running these cookies on your website. Senior Energy Systems Researcher - Petroleum and Natural Gas - TERM, Senior Electrical Instrumentation Engineering Technician, ZipRecruiter, Inc. © All Rights Reserved Worldwide, How Much Do Petroleum Engineer Jobs Pay per Month, How Much Do Petroleum Engineer Jobs Pay per Year. ranks number 1 out of 50 states nationwide for Petroleum … After that, he has to evaluate the total cost of fuel extraction. Filter by location to see Petroleum Engineer salaries in your area. The average petroleum engineer salary per month is Petroleum engineers have to work in conjunction with other earth science professionals, like geologists. But opting out of some of these cookies may have an effect on your browsing experience. This job is quite exciting, with various opportunities to explore the world. Wages above this are outliers. Salary The salaries are governed by various factors and hence, vary to great extent. An accredited bachelor's degree in petroleum engineering is the basic requirement for entry-level jobs, but master's degrees are also available, including five-year programs combining both degrees. A Brief Summary and Significance of the Taft-Hartley Act of 1947, Negative Effects of Nepotism at the Workplace, How to Deal with Nepotism at the Workplace, The Ethereum Blockchain is a Decentralized Digital Workhorse, Keep All Your Dogecoin in a Coinbase Wallet, For Coinbase, Monero is Too Private and Way Too Controversial, Transfer from Binance to Coinbase with Ease and Safety.
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