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Annual Survey: Industry Salaries Remain Healthy

Petroleum industry professionals reported an average total compensation of USD 203,557 in 2013, similar to the level reported in the 2011 salary survey, after showing a larger percentage increase in 2012. Although the figure is lower than the reported total compensation in 2012, the pool of respondents reported experiencing an average increase of 6.5% globally in base pay over the past year. Eight out of 10 respondents (79.6%) indicated that their base pay increased over 2012.

The mean base pay reported in 2013 (USD 153,620) was between the 2011 mean (USD 148,301) and 2012 mean (USD 166,753). Bonus and other compensation rose from USD 56,000 to USD 64,000, accounting for much of the reported 6.5% average reported increase in total compensation. Fewer than one out of three respondents (31%) indicated that he or she received a car allowance in 2013.

 

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Annual Survey: Industry Salaries Remain Healthy

01 November 2013

Volume: 65 | Issue: 11

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