How have entry level salaries for petroleum engineers changed in the past 3 years?
I just graduated in May and found myself with a job in midstream as a project engineer making $60k. This is less than the $80-100k we students felt entitled to (obviously wrongly) as oil was soaring. Surely as the price of oil has fallen, jobs being cut, and the uncertain future companies are not paying the top dollar they once were. It stands to reason that companies won't have to offer high salaries as any job offer is considered a win in the current market, but google searching seems to indicate the old pre-bust salary numbers are still valid. This seems incorrect by my gut.
Can any recently employed engineers speak up? And if so, what's the pay difference in service companies vs operators?
Very few of my school friends found employment, and the ones that did I'm not close enough to be asking nosy questions about how much they're paid.
To contribute a data point to service companies: a friend took a $58k salary working for a smaller service company in Texas.
Submitted June 22, 2017 at 04:51PM by CantileverCantilope
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