As stated by the US Bureau of Labor Statistics, the average yearly salary for Petroleum Engineers is $145,720, compared to $136,230 for Computer Hardware Engineers. This shows that these two roles earn similar salaries.
However, salaries can vary depending on factors such as location, experience, and the specific setting in which the employee works. For example, Petroleum Engineers who work in New Jersey (with an average salary of $208,440) may earn more than those who work in Montana ($87,610). And Computer Hardware Engineers in California earn 124% more on average than those in Kentucky.
Petroleum Engineers vs Computer Hardware Engineers overview
Petroleum Engineers and Computer Hardware Engineers are essential to the Oil and Gas Extraction and Professional, Scientific, and Technical Services industries respectively. People are often interested in learning about the differences between these jobs, as well as the average salaries for each.
Petroleum Engineer job description
Petroleum Engineers devise methods to improve oil and gas extraction and production and determine the need for new or modified tool designs. Oversee drilling and offer technical advice.
Petroleum Engineer education and experience
Most Petroleum Engineers (72%) have a Bachelor's Degree. But this field also includes some employees who have a Post-Master's Certificate (15%) and a High School Diploma (8%). Regarding experience, 21% of Petroleum Engineer occupations require a 6 to 8 years of previous experience working in the field. A smaller portion of roles (21%) require a previous experience of 4 to 6 years.
Petroleum Engineer average salary
As reported by the US Bureau of Labor Statistics, in 2021, the number of Petroleum Engineers employed in the United States was 22,100, and they earned an average of $145,720 per year. The bottom 10 percent had a salary of $78,390 or less, and the top 10 percent had a salary of $208,000 or more. The average salary has a decrease of 5.6% in comparison to the previous year.
Do Petroleum Engineers make good money?
Petroleum Engineers are typically paid well, since their mean salary is 150% above the average pay in the United States ($58,260). Moreover, they make 43% more than the mean salary of the Oil and Gas Extraction industry ($102,190).
Petroleum Engineers are typically paid well, since their mean salary is 150% above the average pay in the United States ($58,260).
Petroleum Engineers job growth
The hiring of Petroleum Engineers has decreased in the last two years. In 2021, there have been 5,750 less job opportunities than the previous year across the nation, and that shows a decline of 20.6%. Job growth has averaged -11.6% over the past 3 years.
Computer Hardware Engineer job description
Computer Hardware Engineers research, design, develop, or test computer or computer-related equipment for commercial, industrial, military, or scientific use. May supervise the manufacturing and installation of computer or computer-related equipment and components.
Computer Hardware Engineer education and experience
About a half of Computer Hardware Engineers hold a Bachelor's Degree, 34% hold a Master's Degree, and 7% have a College Course Certificate. Regarding experience, 28% of Computer Hardware Engineer occupations require a 1 to 2 years of previous experience working in the field. A smaller number of roles (24%) require a previous experience of 2 to 4 years.
Computer Hardware Engineer average salary
The US Bureau of Labor Statistics has reported that in 2021, there were 73,750 Computer Hardware Engineers working in the United States, and on average, they earned $136,230 per year. The bottom 10 percent earned $77,100 or less, and the top 10 percent earned $208,000 or more. Compared to the previous year, the mean salary has risen by 8%.
Do Computer Hardware Engineers make good money?
Computer Hardware Engineers generally earn good salaries, since their mean salary is 134% above the average salary in the United States ($58,260). Additionally, they make about a half more than the mean earnings of the Professional, Scientific, and Technical Services industry ($91,150).
Computer Hardware Engineers generally earn good salaries, since their mean salary is 134% above the average salary in the United States ($58,260).
Computer Hardware Engineers job growth
In 2021, there have been 9,040 more Computer Hardware Engineer roles than the previous year across the nation, and that marks a growth of 14%. Over the past 3 years, job growth has averaged 7%.
FAQ
Do Petroleum Engineers or Computer Hardware Engineers make more?
The salaries for these two occupations are similar. The average annual pay for Computer Hardware Engineers is $136,230, compared to $145,720 for Petroleum Engineers.
How long does it take to become a Petroleum Engineer vs Computer Hardware Engineer?
Both Petroleum Engineer and Computer Hardware Engineer occupations typically require a Bachelor's Degree. Completing a Bachelor's Degree most often takes around 4 years of study.
Is it harder to become a Petroleum Engineer vs Computer Hardware Engineer?
Neither occupation is more challenging to attain than the other, as they both require the same level of education.