Top Petroleum Engineering Schools. The Best Petroleum Engineering Schools in the USA Why are Petroleum Engineers so well paid? The methods that they create for extracting oil from all sorts of wells determines exactly how valuable a particular oil well will be for the oil company.

They also spend time devising ways to make older wells more productive in the amount of oil that they produce. Every year the Society of Petroleum Engineers surveys its members and produces a report about the current state of compensation in the oil industry.

The figures for the last year with full data were broadly good, though lower bonuses were paid not surprising, given the low oil price. The following chart shows the highest salary in states with more than petroleum engineering jobs.

Compared to data from a few years ago, the average nationwide is higher and while some states like Oklahoma have slipped down the list, the trend is towards higher salaries in a higher number of states. This is comfortably more than the rate of all jobs, and substantially above similar engineering disciplines.

Texas and Louisiana lost a few petroleum engineering jobs, while Oklahoma, California and Colorado added a few thousand. These values help us to get beyond starting salary and headline salary levels and get a real picture of the spread of salaries in this industry.

Petroleum Engineering Salary in the USA | June

At the start of your career, the average starting salary for petroleum engineers will be much closer to the 10th and 25th percentiles. As you gain experience and become a manager, you can expect to earn a salary well into the 75th and 90th percentiles.

That is in the top 75th percentile of petroleum engineering salaries. Dropping out of the top 10 since were Oklahoma City, College Station TexasVirginia, Arlington, Tulsa Oklahomaand Oxnard California. Surprisingly, there are non-metropolitan areas that pay nearly just as well as metropolitan cities despite the lower cost of living.

This is usually to compensate for relocation and to give incentive to petroleum engineers to work in less populated locations. When a prospective student looks at a career, becoming a petroleum engineer is likely one of the highest starting salaries of any profession.

Not only does this field pay extremely well compared to others, but the job market looks to remain steady in and in the near future. This is one of the best starting salaries that a college graduate could hope to get and it looks to remain strong for the near future.

What type of petroleum engineer makes the most money careers are going to be even more to start out because it is a specialty that is specific to the industry.

With the larger oil companies, many even start with 6-figure income. Comparing that to other engineering specialties and it becomes obvious investment opportunities in livestock sector in pakistan getting a job on the front lines of the petroleum industry is going to be one of the more lucrative career choices that a student can make.

Petroleum engineers are going to get paid at a higher and higher rate as they prove themselves through the course of their career.

Each year the pay is going to be raised to a more significant level. This makes the petroleum engineering job one of the best compensated.

When you consider the types of decisions and techniques that are being developed each year by petroleum engineers, it is no wonder that this is the case. The more efficiently that oil can be drilled for, the more profit there is for the company that they work for.

The salaries that petroleum engineers receive, pays off for the oil company many times over as they are able to drill for what type of petroleum engineer makes the most money oil and do it in a manner that costs less and is more efficient all around. Petroleum Engineering is exciting and lucrative and there is great demand for those who can make it through the schooling. There are many companies in the petroleum industry that are hiring including places like:.

Petroleum Engineer- Best Jobs in America

All students who have an interest in engineering should take the time to investigate becoming a petroleum engineer. There is an opportunity to work on developing new products for the oil industry. The engineers spend time seeking out the precise designs that will be most effective in cost and function to complete the drilling process.

Petroleum Engineering Salary in the USA | June

These people are not only going to make more money for oil companies but they are going to keep the conditions as safe as possible. Beyond this, a petroleum engineer may also spend their time working in testing, production and maintenance.

What type of engineer makes the most money? | Yahoo Answers

This is another huge factor in making the process more profitable as the existing operations are maintained and kept at their peak performance creating a safer environment. These are some of many reasons why companies offer competitive and high paying petroleum engineering salaries to the few that are qualified. If you are one of those, expect to be well-compensated. This table shows all the salary and employment data for the most recent financial year — use it to get an idea of what salary you can earn in each state, how many jobs you might find there — just remember to factor in the various costs of living in each state.

The US Bureau of Labor Statistics BLS ; Currency in US Dollars USD if not stated. Powered by Campus Explorer. Petroleum Engineering Salary in the USA Page Contents SPE Salary Survey: Top Petroleum Engineering Schools and Colleges USA Get Your Online Petroleum Engineering Degree Schools that… How to Become a Petroleum Engineer University of Oklahoma Petroleum Engineering University of Texas Petroleum Engineering.