Entry-Level Petroleum Engineer Salary

Median pay for Entry-Level Petroleum Engineers lies in the neighborhood of $90K annually. In the world of Entry-Level Petroleum Engineers, overall income ranges from $60K near the bottom to $134K at the top; this can include more than $24K from bonuses and more than $18K from profit sharing in exceptional cases. Residence is the biggest factor affecting pay for this group, followed by the specific employer. Work is enjoyable for Entry-Level Petroleum Engineers, who typically claim high levels of job satisfaction. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the greater part. This snapshot results from replies to PayScale's salary survey.

$59,105 - $117,048
(Median)
$59K
$90K
$120K
MEDIAN: $90,453
10%
50%
90%

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$15.35 - $71.97
(Median)
$15
$37
$72
MEDIAN: $37.00
10%
50%
90%

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National Salary Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$50K$100K$150K
Salary
$59,105 - $117,048  
   
Bonus
$96.58 - $23,995  
Profit Sharing
$-0.48 - $18,422  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$59,613 - $134,423  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 927
National Hourly Rate Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$70$140$210
Hourly Rate
$15.35 - $71.97  
   
Overtime
$14.90 - $201.34  
National Annualized Data (?
XAll compensation data shown are gross, national 10th to 90th percentile ranges. Pay can vary greatly by location. To view local data, take the PayScale survey.
)
$0$140K$280K$420K
Bonus
$96.58 - $23,995  
   
Profit Sharing
$-0.48 - $18,422  
Total Pay (?
XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).
)
$59,613 - $134,423  
Country: United States | Currency: USD | Updated: 2 Jul 2015 | Individuals Reporting: 57
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Popular Employer Salaries for Entry-Level Petroleum Engineer


Many Entry-Level Petroleum Engineers can be found at Chevron Corporation, British Petroleum (BP), Shell Oil Company, EOG Resources, Inc., and Schlumberger, firms that are at the top of the field. Entry-Level Petroleum Engineers in search of the best pay head to EOG Resources, Inc., where the median salary rolls in at $122K. Although pay is top-notch overall, it does seem to be curbed at $163K, which isn't dramatically higher than the lower-end figure of $100K.

Pay Difference by Location


Surpassing the national average by 24 percent, Entry-Level Petroleum Engineers in Fort Worth receive some of the highest pay in the country. Entry-Level Petroleum Engineers can also look forward to large paychecks in cities like Bakersfield (+10 percent), Midland (+7 percent), Denver (+6 percent), and New York (+3 percent). The lowest-paying market is Pittsburgh, which sits 11 percent below the national average. Austin and Lafayette are a couple other places where companies are known to pay below the median — salaries are 11 percent lower and 10 percent lower, respectively.

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Skills That Affect Entry-Level Petroleum Engineer Salaries


Project Management
up arrow 6%


Engineering Design
up arrow 4%

Drilling Engineering
up arrow 3%

Simulation
up arrow 1%

Oil and Gas Formation Evaluation
0%

National Average
$96,000

Microsoft Excel
up arrow 3%

Microsoft Office
up arrow 5%

Microsoft Word
up arrow 5%

Job Satisfaction

Extremely satisfied
Rated 5 out of 5
based on 102 votes.

Gender

Female
8 %
Male
92 %

Common Health Benefits

medical benefits Medical: 93% dental benefits Dental: 79%
vision benefits Vision: 65% employee benefits None: 6%
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