|
YEARS EXPERIENCE |
HIGH |
AVERAGE |
LOW |
|
0-2 |
$ 76,400 |
$ 59,700 |
$ 45,000 |
|
3-5 |
84,300 |
66,000 |
56,000 |
|
6-9 |
79,000 |
74,200 |
70,000 |
|
10-14 |
127,000 |
89,400 |
70,000 |
|
15-19 |
119,000 |
100,600 |
85,000 |
|
20+ |
350,000 |
114,100 |
68,000 |
|
It is important to note that this survey is based on employed, salaried geoscientists and cannot account for the large number of unemployed or underemployed individuals. Nor can these numbers take into account the compensation of individuals who are primarily paid in the form of consulting fees, retainers, or overrides. No attempt has been made to include any additional sums to account for employee benefits, bonuses, automobiles or other perquisites. The purpose of this survey is merely to provide a yardstick for those interested in accessing their compensation. The author feels strongly that compensation is often a secondary consideration when evaluating overall job satisfaction. The 2000 Salary Survey reflects an approximate 7.18% increase in salaries. Salaries in individual experience categories rose from .8% to 11.4%. Hiring has begun to accelerate beginning in the fourth quarter of 2000 and continuing strong into 2001. Stable oil prices and rapidly rising gas prices began to show up as increases in exploration budgets by year end. Over two thirds of the working geoscientists now have over 20 years experience. Additional incentives beyond salary are now quite common to hire and retain staff. |
|
HISTORICAL
AVERAGES |
||||||||||||
|
EXPER |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
1998 |
1999 |
2000 |
|
0-2 |
$35,100 |
$41,900 |
$42,100 |
$42,800 |
$43,200 |
$42,500 |
$46,500 |
$48,400 |
$51,300 |
$50,100 |
$53,600 |
$ 53,600 |
|
3-5 |
44,000 |
45,100 |
50,200 |
54,300 |
52,600 |
53,800 |
55,200 |
56,600 |
57,400 |
57,000 |
61,400 |
66,000 |
|
6-9 |
51,000 |
53,600 |
55,700 |
62,100 |
65,400 |
63,100 |
59,600 |
65,700 |
69,900 |
67,500 |
78,400 |
74,200 |
|
10-14 |
63,000 |
65,700 |
69200 |
70,500 |
76,200 |
69,100 |
70,500 |
76,600 |
78,800 |
77,100 |
83,400 |
89,400 |
|
15-19 |
83,100 |
81,900 |
78,000 |
80,900 |
82,700 |
75,300 |
82,400 |
84,700 |
90,200 |
89,800 |
94,900 |
100,600 |
|
20+ |
95,500 |
92,500 |
91,900 |
99,500 |
95,900 |
100,700 |
104,700 |
99,800 |
108,500 |
106,200 |
106,600 |
114,100 |
|
AVERAGE SALARY BY DEGREE |
|||
| YEARS EXPERIENCE | B.S. | M.S | Ph.D. |
| 0-2 |
$ 52,000 |
$ 60,000 | $ 65,000 |
| 3-5 |
60,000 |
60,700 | 72,000 |
| 6-9 |
70,000 |
79,000 | 73,500 |
| 10-14 |
82,000 |
91,000 | 88,700 |
| 15-19 |
94,000 |
102,700 | 106,000 |
| 20+ |
110,400 |
117,800 | 99,600 |