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Jobs In Oil Field: What Are The Top Paying Jobs Today?

On August 26 2008, CNN Money reportedgraduates received starting salaries of
that oil drillers are scrambling for$80,000 to $110,000, not including
workers. Too many years ofvarious perks and signing bonuses. This
under-investment in oil rigs and workersdemand is in no danger of peaking
alike, coupled with the surge in oilanytime soon. Oil companies are hiring
prices over the last few years has ledpetroleum engineering freshman students
to a major shortage of experiencedas summer interns, paying as much as
workers in oil fields at all levels.$32.50 an hour. Texas Tech reports its
Noble Corporation, one of the world's2008 graduating seniors will receive an
largest offshore drilling companies, hasaverage salary of $110,000.
1500 rig job openings in the next 2Geologists, too, are in great demand.
years for their 5 new oil rigs. EveryThe American Geologic Institute reports
oil company is deploying new oil rigsthat the average starting salary for a
everywhere from the Gulf of Mexico andgeologist fresh out of school is
the deep water off Brazil to the coasts$81,300, up from $55,000 in 2003. At
of Africa and Saudi Arabia to meettheir April meeting, the American
today's increased demand for oil.Association of Petroleum Geologists
Filling the jobs in these offshore oilreported that graduate students (Masters
fields is proving to be a majorand PhD) were receiving salaries of
challenge. Despite sky-high salaries in$80,000 to $110,000. The good news for
the range of $50,000 to $80,000 even forjob seekers is that the demand for
new hires, there are not many takers forgeologists for is unlikely to be filled
these offshore jobs. There are severalanytime soon. The American Geological
reasons for this reluctance:Institute reports that out of 20,000
- Not many people are willing to live ingeology undergraduates, only 2,800
the middle of the ocean on an oil rigattain their BSc after 4 years of study.
- Extremes of temperature, eitherIn addition, many of today's oil
extremely cold (most deep ocean oilindustry geologists started work in the
rigs) or extremely hot (Africa), and1970s, and will be retiring in the next
sometimes both (the deserts of Saudifew years. Taken together, these facts
Arabia)mean that more and more geology
- The demanding work schedule - 12 hoursvacancies are going to open up in oil
on, 12 hours off, 7 days a week for 2-4companies in the coming decade, with
weeks straightsalaries likely to increase further. It
- Political volatility and armedseems that, even today, taking up a
violence, for example rebels andBachelor's Degree in Geology or Geologic
insurgents in Nigeria and other AfricanEngineering is well worth it. Beefing
nations, potential terrorists in Saudithis up with a Master's in
ArabiaSedimentology, Stratigraphy, Structural
- Physical danger from storms like theGeology or Geophysics will almost
recent Gustav and Hurricane Katrina incertainly net you an extra $20,000 or
2005$30,000.
- Dangerous accidents like the 1988With increasing demand for oil from
Piper Alpha drilling rig in the NorthChina and India, as well as continuing
Sea - 167 of the 226 men on board dieddemand from the US and Europe to drive
when the oil rig caught firethe search for more oil, the job
Predictably, the highest salaries drawnvacancies in oil fields and offshore
in oil companies are the executives withdrilling rigs will remain unfilled for
titles starting with "C", like CEO, CFO,some time to come. This is definitely
etc. Then you have the VPs and topthe hot job of the next two decades.
salesmen. But what about jobs andAre you looking for jobs in oil field?
salaries for new hires? Well, inClick here to learn how can help you to
February, The Wall Street Journalquickly and easily find jobs in oil
reported that new petroleum engineeringfield.



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