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Entry-Level Petroleum Engineer Salary

Pay for Entry-Level Petroleum Engineers sits in the ballpark of $90K annually. Total cash compensation to Entry-Level Petroleum Engineers bottoms out near $60K and approaches $133K on the high end; the biggest paychecks include approximately $23K from bonuses and almost $19K from profit sharing. Geographic location is the biggest factor affecting pay for this group, followed by the specific employer. Nearly all enjoy medical while a strong majority get dental coverage. Vision coverage is also available to the larger part. Job satisfaction for Entry-Level Petroleum Engineers is high. The data for this snapshot was collected from individuals who took PayScale's salary survey.

$58,964 - $116,524
(Median)
$59K
$90K
$120K
MEDIAN: $90,170
10%
50%
90%

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$15.23 - $69.21
(Median)
$15
$37
$69
MEDIAN: $36.00
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
$58,964 - $116,524  
   
Bonus
$100.84 - $23,416  
Profit Sharing
$14.90 - $19,115  
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).
)
$59,563 - $133,028  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 925
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
$15.23 - $69.21  
   
Overtime
$19.39 - $202.73  
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
$100.84 - $23,416  
   
Profit Sharing
$14.90 - $19,115  
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).
)
$59,563 - $133,028  
Country: United States | Currency: USD | Updated: 2 May 2015 | Individuals Reporting: 53

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Popular Employer Salaries for Entry-Level Petroleum Engineer


Chevron Corporation, British Petroleum (BP), Shell Oil Company, EOG Resources, Inc., and Schlumberger are leaders in the field that employ a large number of Entry-Level Petroleum Engineers. Although EOG Resources, Inc. offers the highest salaries (median pay is $122K), survey participants reported a rather limited pay range of $100K to $163K.

Pay Difference by Location


Surpassing the national average by 23 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 (+7 percent), and Oklahoma City (+3 percent). Trailing the national average by 15 percent, New York is the market with the smallest paychecks. Two other places where employers offer below-median salaries are Pittsburgh (13 percent less) and Austin (11 percent less).

United States (change)

Skills That Affect Entry-Level Petroleum Engineer Salaries


Project Management
up arrow 6%


Drilling Engineering
up arrow 4%

Engineering Design
up arrow 4%

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 115 votes.

Gender

Female
9 %
Male
91 %

Common Health Benefits

medical benefits Medical: 92% dental benefits Dental: 79%
vision benefits Vision: 65% employee benefits None: 6%
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