Petroleum engineers locate, recover and maintain the world’s oil and gas supplies. They use cutting-edge technology to create new methods of discovering and drilling for oil.
Below are salaries earned by Petroleum Engineer In South Africa
A person working as a Petroleum Engineer in South Africa typically earns around 34,100 ZAR per month. Salaries range from 16,700 ZAR (lowest) to 53,100 ZAR (highest).
This is the average monthly salary including housing, transport, and other benefits. Petroleum Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Petroleum Engineer Salary Distribution in South Africa
The median, the maximum, the minimum, and the range
Petroleum Engineer salaries in South Africa range from 16,700 ZAR per month (minimum salary) to 53,100 ZAR per month (maximum salary).
The median salary is 34,700 ZAR per month, which means that half (50%) of people working as Petroleum Engineer (s) are earning less than 34,700 ZAR while the other half are earning more than 34,700 ZAR. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Petroleum Engineer (s) are earning less than 23,100 ZAR while 75% of them are earning more than 23,100 ZAR. Also from the diagram, 75% of Petroleum Engineer (s) are earning less than 44,800 ZAR while 25% are earning more than 44,800 ZAR.
Petroleum Engineer Salary Comparison by Years of Experience
How do experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Petroleum Engineer salaries by experience level and this is what we found.
A Petroleum Engineer with less than two years of experience makes approximately 19,800 ZAR per month.
While someone with an experience level of between two and five years is expected to earn 25,400 ZAR per month, 29% more than someone with less than two years of experience.
Moving forward, an experience level between five and ten years lands a salary of 35,100 ZAR per month, 38% more than someone with two to five years of experience.
fifteen years get a salary equivalent to 43,500 ZAR per month, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 46,600 ZAR per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 49,700 ZAR per month, 7% more than people with fifteen to twenty years of experience.
Petroleum Engineer average salary change by experience in South Africa
|0 – 2 Years||19,800 ZAR|
|2 – 5 Years||+29%||25,400 ZAR|
|5 – 10 Years||+38%||35,100 ZAR|
|10 – 15 Years||+24%||43,500 ZAR|
|15 – 20 Years||+7%||46,600 ZAR|
|20+ Years||+7%||49,700 ZAR|
Petroleum Engineer Salary Comparison By Education
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Petroleum Engineer salaries by education level in order to make a comparison.
When the education level is Bachelor’s Degree, the average salary of a Petroleum Engineer is 24,700 ZAR per month.
While someone with a Master’s Degree gets a salary of 39,600 ZAR per month, 60% more than someone having a Bachelor’s Degree degree.
Petroleum Engineer average salary difference by education level in South Africa
|Bachelor’s Degree||24,700 ZAR|
|Master’s Degree||+60%||39,600 ZAR|
Petroleum Engineer Salary Comparison By Gender
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Petroleum Engineer employees in South Africa earn 8% more than their female counterparts on average.
Petroleum Engineer Average Annual Salary Increment Percentage in South Africa
How much are annual salary increments in South Africa for Petroleum Engineer (s)?
How often do employees get salary raises?
Petroleum engineers (s) in South Africa are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
Petroleum Engineer Bonus and Incentive Rates in South Africa
How much and how often are bonuses being awarded?
A Petroleum Engineer is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
45% of surveyed staff reported that they haven’t received any bonuses or incentives in the previous year while 55% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary
Petroleum Engineer Average Hourly Wage in South Africa
The average hourly wage (pay per hour) in South Africa is 200 ZAR. This means that the average Petroleum Engineer in South Africa earns approximately 200 ZAR for every worked hour.
How much does a petroleum engineer earn per month in South Africa?
An early career Petroleum Engineer with 1-4 years of experience earns an average total compensation (includes tips, bonus, and overtime pay) of R491,318 based on 11 salaries. A mid-career Petroleum Engineer with 5-9 years of experience earns an average total compensation of R600,779 based on 6 salaries.
Are petroleum engineers in demand in South Africa?
Petroleum engineers are in high demand in South Africa due to their rich oil and gas fields. They specialize in the evaluation, development, and production of these resources. Within the field of petroleum engineering, there are further specializations, such as focusing on geology, drilling, and production.
How long does it take to become a petroleum engineer in South Africa?
A bachelor’s degree in petroleum engineering typically takes four years and includes class work, labs, and fieldwork. The program normally requires basic sciences such as chemistry, calculus, differential equations, and physics.
Which Engineering has the highest salary in South Africa?
At the top are software engineers who are responsible for the design, development, and maintenance of software programs. They usually have a degree in computer science and programming. A software engineer can earn about 1.2 million Rands annually. The second high-paying job in South Africa is that of a pilot.
Which university is best for Petroleum Engineering in South Africa?
The University of Cape Town is the best university to study Petroleum Engineering in South Africa. The University of Johannesburg is also one of the best institutions in South Africa where you can study petroleum Engineering right now.
Is petroleum engineering hard in South Africa?
Much like a variety of other engineering courses, petroleum engineering is looked upon as being a difficult course for many students to finish. But it is truly as hard as everyone thinks it is? It is true that there are a large number of dropouts from this course, and it is heavily reliant on math and physics.