Earnings
Earnings
for engineers vary significantly by specialty, industry, and education.
Even so, as a group, engineers earn some of the highest average
starting salaries among those holding bachelor's degrees.
According the
U.S. Department of Labor, Bureau of Labor Statistics, the median annual wage for petroleum engineers was $137,720 in May 2019. The median wage is the wage at which half the workers in an occupation earned more than that amount and half earned less. The lowest 10 percent earned less than $79,270, and the highest 10 percent earned more than $208,000. In May 2019, the median annual wages for petroleum engineers in the top industries in which they worked were as follows:
| Management of companies and enterprises |
$172,000 |
| Oil and gas extraction |
137,210 |
| Engineering services |
130,790 |
| Petroleum and coal products manufacturing |
129,960 |
| Support activities for mining |
117,150 |
.
Note: Some resources in this section are provided by the US Department
of Labor, Bureau of Labor Statistics.
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