Petroleum Engineering Salary in the Philippines
Petroleum engineering is a field that is concerned with the extraction and production of oil and gas. Petroleum engineers work in a variety of settings, including on offshore rigs, in offices, and in research laboratories. In the Philippines, petroleum engineers earn an average salary of PHP 1,183,333 per year.
Salary Range for Petroleum Engineers in the Philippines
Petroleum engineers in the Philippines earn a salary that falls within the range of PHP 608,333 to PHP 2,000,000 per year. The median salary for petroleum engineers in the Philippines is PHP 1,183,333 per year. This means that half of all petroleum engineers earn less than this amount while half earn more.
The lowest-paid 10% of petroleum engineers earn an annual salary of PHP 608,333 or less. The highest-paid 10% earn an annual salary of PHP 2,000,000 or more. Salaries for petroleum engineers vary depending on experience, education level, and geographical location.
Factors That Affect Salary for Petroleum Engineers in the Philippines
There are a number of factors that can affect how much a petroleum engineer earns in the Philippines. One important factor is experience level. entry-level positions typically pay less than positions that require more experience. Another important factor is education level. In general, those with higher levels of education (e.g., PhDs) tend to earn more than those with lower levels of education (e.g., bachelor’s degrees). Finally, geographical location can also impact salaries for petroleum engineers; those working in cities such as Manila or Cebu City tend to earn more than those working in smaller towns or rural areas.
Petroleum engineering is a field that offers good salaries to its practitioners. In the Philippines, the average salary for a petroleum engineer is PHP 1,183,333 per year. However, salaries can vary depending on experience level, education level, and geographical location. With experience and/or higher levels of education, petroleum engineers can expect to earn salaries at the upper end of the range (PHP 2,000,000+ per year). Those working in major cities such as Manila or Cebu City can also expect to earn higher salaries than those working in smaller towns or rural areas.