Reservoir Engineers represent the higher end of the earnings spectrum — in fact, median pay for this job is the highest at $195K — though Petroleum Engineers, Geologists, and Financial Analysts also do fairly well at $141K, approximately $111K, and around $80K, respectively. Financial compensation for Cost Accountants is rather low — only $63K — relative to the rest of the company.
Years of Experience
Workers who have been with the company for more than one year but less than five can typically make about $74K. When we consider tenure, a substantial portion of employees (36 percent) have been working for five to nine years and make approximately $83K annually.
Residents of Houston pick up paychecks that are higher than any other city — the median salary is $94K per year; other top-paying cities include North Houston ($87K) and Farmington (around $87K). By state, the highest pay levels are found in Texas, where the average BHP Billiton employee makes $88K annually.
Certifications and Degrees
Being a Professional Engineer License Holder certainly has its perks — salaries approach about $174K and far exceed the paychecks of those without certification. Acquiring certification to be a Certified Professional Engineer is rewarded at $145K per year. Employees who have a Bachelor of Engineering in Mechanical Engineering (ME) make the most here, hauling in about $160K annually.
The highest-paying skill to have may be Reservoir Engineering; employees who claim proficiency also report a higher average salary of around $195K. Project Management also popped up often in the survey as an important skill; one in six of employees surveyed report using it at work. Employees also tend to round out their skills sets with Microsoft Excel, Microsoft Office, and Financial Analysis.
Benefits and Perks
Although the firm compensates close to one-half for vacation days, it only pays two in five workers for sick time. The greater part of workers take advantage of the 401(k) plan that BHP Billiton sponsors. Health insurance comes as part of the deal for the vast majority of workers, and a strong majority of workers report receiving dental coverage as well. Privileges also include life insurance, gym membership, a stock purchase plan, and a subsidized cell phone.