Salaries above this are outliers. ranks number 1 out of 50 states nationwide for Petroleum … Some of them, like Senior Petroleum Engineer jobs pay just $28,808 (21.0%) more than the average Petroleum Engineer salary of $122,847. $167,000 is the 75th percentile. After acquiring the required qualification, a student can apply to various private industries. Filter by location to see Petroleum Engineer salaries in your area. We’ve identified 10 cities where the typical salary for a Petroleum Engineer job is above the national average. As per Payscale, the average starting salary is $88,641 per year, and is the highest petroleum chemical engineering salary. *All figures mentioned in this article are in US dollars, and as of April 2014. 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. $80.29 is the 75th percentile. They include educational qualification, type of employer, work experience, etc. The career of a petroleum engineer provides great opportunities to explore various energy sources, and hence, demands traveling all around the world. This article deals with a brief information on the salary and job description of these professionals. Some professionals also travel to various foreign countries to discover reserves of oil and natural gas. We also use third-party cookies that help us analyze and understand how you use this website. 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. Due to the increasing demand for alternative energy sources, many petroleum engineers are using their talent for discovering harmless energy fuels. For obtaining a job related to research or teaching, a student may be required to obtain a Master’s degree. Necessary cookies are absolutely essential for the website to function properly. *Salary estimates (ZipEstimate) are not verified by employers; actual compensation can vary considerably. on ZipRecruiter today. We'll assume you're ok with this, but you can opt-out if you wish. We found a few related jobs that pay more than jobs in the Petroleum Engineer category. Those professionals who work at oil production sites have to work at irregular timings, since the fuel extraction goes on day and night. $4,586 is the 90th percentile. The NACE report included more than 50 majors in business, health sciences, natural sciences, humanities and social sciences. If you know your password, you can go to the sign in page. We've created informative articles about blockchain, crypto, and DeFi that you can come back to again and again when you have questions or want to learn more! 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 website uses cookies to improve your experience while you navigate through the website. To learn more about Compensation Estimates, please see our 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 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. Texas also reported 21,580 jobs for petroleum engineers, the most of any state. ADP is an exclusive provider of employee payroll data for ZipRecruiter. 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. They have to discover areas from which energy can be extracted. The possibility of a lower cost of living may be the best factor to use when considering location and salary for a Petroleum Engineer role. $3,211 is the 75th percentile. In Virginia, wages averaged $154,810 annually, and in Texas, they averaged $154,160. After some years of work experience, many individuals prefer starting a private consultancy of their own. 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. The average petroleum engineer salary per month is around $8,916. ADP and the ADP logo are registered trademarks of ADP, Inc. It is mandatory to procure user consent prior to running these cookies on your website. In second place, mining support paid 5,120 engineers an average annual salary of $113,740. Salary The salaries are governed by various factors and hence, vary to great extent. The main duty of a petroleum engineer is to extract these oils and gases in the cheapest, as well as safest way. Once the fuel extraction process begins, he has to monitor the tools and the labors involved in extraction. 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. According to the SPE report, men earn more than women at every job level. $6,041 is the 25th percentile. As of Nov 6, 2020, the average hourly pay for a Petroleum Engineer in the United States is $59.06 an hour. 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! 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. How Much Do Petroleum Engineer Jobs Pay per Hour? In second place, engineers in Alaska received an average of $159,040 per year. Your privacy is our priority. Daly City, CA beats the national average by $20,752 (15.6%), and San Mateo, CA furthers that trend with another $26,373 (19.4%) above the $122,847 average. Wages above this are outliers. Your choice of a major is as important to your future earnings as the decision to attend college in the first place, according to a Georgetown University report. 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. These cookies will be stored in your browser only with your consent. Growth will largely depend on price increases, which make more complex methods of extraction cost-effective. Topping the list is San Mateo, CA, with Berkeley, CA and Daly City, CA close behind in the second and third positions. These cookies do not store any personal information. Importantly, San Mateo, CA has a moderately active Petroleum Engineer job market with only a few companies currently hiring for this type of role. This category only includes cookies that ensures basic functionalities and security features of the website. Salaries were $73,800 per year or less for 25 percent of graduates, and 25 percent received $109,700 or more. Other factors that influence the salary of a petroleum engineer are one’s degree and work experience. It is all because of the science of petroleum, that we can use fuel for vehicles, and gas for cooking food. The salaries are governed by various factors and hence, vary to great extent. An entry-level Petroleum Engineer with less than 1 year experience can expect to earn an average total compensation (includes tips, bonus, and overtime pay) of $86,927 based on 132 salaries. Wages above this are outliers. Petroleum engineering. Petroleum Engineer The median pay, meaning half earned more, was $92,700 per year. If you’re qualified, finding work as a Senior Petroleum Engineer may help you make more money than that of the average Petroleum Engineer position. Petroleum engineers have to work in conjunction with other earth science professionals, like geologists. Petroleum Engineer Salary Comparison by Location. $114.66 is the 90th percentile. Sign up to receive the latest and greatest articles from our site automatically each week (give or take)...right to your inbox. 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. You also have the option to opt-out of these cookies. 6789 Quail Hill Pkwy, Suite 211 Irvine CA 92603. The median annual salary of all workers with a bachelor's in petroleum engineering was $120,000 as of 2009, higher than for any other bachelor's degree. However, the retirement of older engineers will open up additional jobs, too. Get better results by entering a location. Given below are tables that provide figures related to these salaries. Salaries above this are outliers. In the initial phase, one may have to undergo rigorous training to understand the proper techniques of fuel extraction. A petroleum engineer has a very vigorous work-schedule, and may have to work at a stretch for 10 days. Salaries below this are outliers. Starting Salaries The average starting salary with a bachelor's degree in petroleum engineering was $93,500 annually in 2013, according to the National Association of Colleges (NACE) and Employers salary survey. In addition, the greater Dallas region had average annual wages of $176,850, the top pay among metropolitan areas. $238,500 is the 90th percentile. Oil and gas extraction was the highest-paying industry for petroleum engineers overall in 2012, according to the BLS. The average annual income of 36,410 petroleum engineers nationwide was $147,470 in 2012, according to the U.S. Bureau of Labor Statistics (BLS) salary survey. As per Payscale, the average starting salary is $88,641 per year, and is the highest petroleum chemical engineering salary. Salaries below this are outliers. Petroleum engineering grads received the highest starting pay of any undergraduate major in the survey, including both engineering and nonengineering disciplines.