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What the Paycheck of a 2016 Engineering Grad Will Look Like
August 24, 2016
Petroleum Engineering: Starting salaries range from $81,500 to $103,500, with the median salary being $98,250.(Source: Freedigitalphotos.net)
The average salaries for engineering grads entering the job market range from $62,000 to $64,000 -- except for one notable standout. According to the 2016 Salary Survey from The National Association of Colleges and Employers, petroleum engineering majors are expected to enter their field making around $98,000/year. Clearly, petroleum engineering majors are projected to earn the top salaries among engineering graduates this year.
The petroleum engineering starting salary is up from last year, when NACE projected that median salaries for graduating petroleum engineers would be roughly $82,000. The salary results for petroleum engineers seems a bit high considering the economic stress on the industry. Most of the other engineering salaries are bunched together in the $65,000 median range.
Rob Spiegel has covered automation and control for 15 years, 12 of them for Design News. Other topics he has covered include supply chain technology, alternative energy, and cyber security. For 10 years he was owner and publisher of the food magazine Chile Pepper.
About the Author(s)
Rob Spiegel has served as senior editor at Electronic News and Ecommerce Business, covering the electronics industry and Internet technology. He has served as a contributing editor at Automation World and Supply Chain Management Review. Rob has contributed to Design News for 10 years.
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