The average salary for petroleum engineer is $99,000 per year. As one of the most lucrative jobs in engineering, petroleum engineers can earn more than some doctors and lawyers. If you are interested in becoming a petroleum engineer, continue reading to find out how much this career pays, how many hours you might work and what education you need to pursue this career path.
The average salary for a petroleum engineer is $108,000, according to Payscale.com. That includes workers in the United States and Canada who are employed full-time and have at least four years of experience.
The median salary for petroleum engineers is $100,000, which means that half of these workers make more than that amount and half make less.
Petroleum engineers in California earn the highest salaries, averaging $144,000 per year. Those working in North Dakota have the lowest salaries: about $80,000 a year on average.
Average salary for petroleum engineer
The results vary based on factors such as education, work experience and location. Usually employers pay experienced individuals more than new graduates. It also depends upon whether the person is working on-staff or as a contractor. Below are the average petroleum engineer salary ranges for the United States:
The average petroleum engineer salary is $193,000, ranging from a low of $93,000 for those just starting out to $271,000 for very experienced workers.
The career of a petroleum engineer is one of the most lucrative careers in the field of engineering. Petroleum engineers work hard to generate revenues and to make sure that the petroleum companies are running smoothly. Petroleum Engineering is currently one of the most well-paid professions and this is because it requires a lot of math and physics education, two aspects that many people like. Petroleum engineers make around $134,170 per year on average, with a range from $70,500 to $209,870 per year.
The highest-paid petroleum engineers reported salaries of $169,300 per year. The lowest-paid reported salaries of $80,400 per year. That is a difference in the order of 91% versus 51%, or 8x higher. Petroleum engineers with greater than 20 years of experience earned $164,100 per year on average.
The petroleum engineer industry, including oil and natural gas extraction, will continue to experience growth in the years to come. This trend should result in many new job opportunities across the country.
