Industrial Engineers, otherwise known as Plant Engineers, focus on increasing productivity through the management of people, through business organisation and the use of technology. To put it simply Industrial Engineers find ways to eliminate wastefulness in production processes, by devising efficient ways to use workers, machines, materials, information etc.

The Oil and Gas Industry

Industrial or Plant Engineers earn very competitive salaries in the Oil and Gas Industry. The Oil and Gas Industry is an industry known for its high salaries. According to reports there are approximately 1,090 persons employed as Industrial Engineers in the Oil and Gas Extraction industry. Reports state that there are around 153 636 Industrial Engineers in total, which means that the amount of Industrial Engineers working in the Oil and Gas industry is relatively small, in comparison to other industries.

What do Industrial or Plant Engineers working in the Oil and Gas Industry earn?

According to salaries provided by FindTheData, on average, Industrial or Plant Engineers in the Oil and Gas industry, working in permanent roles, have an annual salary of $105,750.

Annual Salary – 10th Percentile $65,870
Annual Salary – 25th Percentile $80,700
Average Annual Salary $105,750
Annual Salary Median $96,160
Annual Salary – 75th Percentile $126,410
Annual Salary – 90th Percentile $161,480

How do salaries of Industrial or Plant Engineers working on a contracting base compare?

Hourly Pay – 10th Percentile $31.67
Hourly Pay – 25th Percentile $38.80
Mean Hourly Pay $50.84
Hourly Pay Median $46.23
Hourly Pay – 75th Percentile $60.77
Hourly Pay – 90th Percentile $77.63

So the big question is, how do Industrial Engineers salaries compare to those working in the Mining Industry?To put it in a nutshell, Salaries in the Oil and Gas industry are extremely competitive when comparing them to other industries.

The Mining Industry

Sticking with salaries provided by FindtheData, Industrial or Plant Engineers in the mining industry have an average annual salary of $101,660.

Annual Salary – 10th Percentile $57,940
Annual Salary – 25th Percentile $75,630
Average Annual Salary $101,660
Annual Salary Median $93,520
Annual Salary – 75th Percentile $130,180
Annual Salary – 90th Percentile $147,780

So how do salaries of Industrial or Plant Engineers in the Mining Industry working on a contracting base compare?

Hourly Pay – 10th Percentile $27.85
Hourly Pay – 25th Percentile $36.36
Mean Hourly Pay $48.87
Hourly Pay Median $44.96
Hourly Pay – 75th Percentile $62.59
Hourly Pay – 90th Percentile $71.05

So it appears that even though Industrial Engineers working in the Oil and Gas industry which is notoriously a highly paid industry, are earning an average annual salary of $105,750 those working in the Mining Industry are earning pretty comparative salaries with an average annual salary of $101,660.

When you take into consideration that according to the Bureau of Labour Statistics, the average salary for an Industrial Engineer across all industries is $76,100 per year or $36.59 per hour, both industries are extremely viable financially for Industrial Engineers.

One Response to “How salaries of Industrial Engineers in Mining compare to those in Oil & Gas”

  1. Naveed Asghar

    I am a fresh graduate in Bsc mining engineer and really desperate about my entry in the industry because i have no links and wants a good headstart. I wish some one could guide me.

    Reply

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