A person working as a Petroleum Engineer in New Zealand typically earns around 101,000 NZD per year. Salaries range from 51,400 NZD (lowest) to 155,000 NZD (highest).
This is the average yearly 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 salaries in New Zealand range from 51,400 NZD per year (minimum salary) to 155,000 NZD per year (maximum salary).
The median salary is 98,800 NZD per year, which means that half (50%) of people working as Petroleum Engineer (s) are earning less than 98,800 NZD while the other half are earning more than 98,800 NZD. 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 67,600 NZD while 75% of them are earning more than 67,600 NZD. Also from the diagram, 75% of Petroleum Engineer (s) are earning less than 125,000 NZD while 25% are earning more than 125,000 NZD.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
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 57,700 NZD per year.
While someone with an experience level between two and five years is expected to earn 75,300 NZD per year, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 105,000 NZD per year, 40% more than someone with two to five years of experience.
Additionally, Petroleum Engineer (s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 127,000 NZD per year, 20% 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 138,000 NZD per year, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 149,000 NZD per year, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+31%|
|5 - 10 Years||+40%|
|10 - 15 Years||+20%|
|15 - 20 Years||+9%|
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 71,200 NZD per year.
While someone with a Master's Degree gets a salary of 126,000 NZD per year, 77% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in New Zealand costs anywhere from 40,500 New Zealand Dollar(s) to 122,000 New Zealand Dollar(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
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 New Zealand earn 5% more than their female counterparts on average.
Petroleum Engineer (s) in New Zealand are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in New Zealand for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
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.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Petroleum Engineer is 15% more than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.
|Job Title||Average Salary|
|Assistant Yard Manager||84,100 NZD||-17%|
|Associate Analyst||98,400 NZD||-2%|
|Associate Landman||41,300 NZD||-59%|
|Auxiliary Equipment Operator||35,500 NZD||-65%|
|Biomass Plant Technician||44,900 NZD||-55%|
|Biomass Power Plant Manager||123,000 NZD||+22%|
|Chemical Plant Operator||73,400 NZD||-27%|
|Chief Contract Compliance Engineer||88,500 NZD||-12%|
|Completions Engineer||83,200 NZD||-18%|
|Cost Controller||66,600 NZD||-34%|
|Crude Oil Marketing Representative||93,800 NZD||-7%|
|Distribution Manager||120,000 NZD||+19%|
|Dragline Operator||42,200 NZD||-58%|
|Driller Offsider||32,500 NZD||-68%|
|Dump Truck Driver||35,300 NZD||-65%|
|Electric and Gas Operations Manager||207,000 NZD||+110%|
|Energy Advisor||136,000 NZD||+35%|
|Energy Analyst||120,000 NZD||+19%|
|Energy Auditor||112,000 NZD||+11%|
|Energy Dispatch Director||149,000 NZD||+48%|
|Energy Technical Assistant||55,500 NZD||-45%|
|Energy Technical Manager||107,000 NZD||+6%|
|Energy Technical Trainer||78,600 NZD||-22%|
|Exploration Manager||159,000 NZD||+58%|
|Field Safety Auditor||95,100 NZD||-6%|
|Fluids Engineer||83,500 NZD||-17%|
|Fuel Cell Engineer||93,600 NZD||-7%|
|Fuel Cell Technician||42,600 NZD||-58%|
|Fuels Handler||40,600 NZD||-60%|
|Gas Compressor Operator||38,300 NZD||-62%|
|Gas Distribution Plant Operator||74,900 NZD||-26%|
|Gas Supply Manager||140,000 NZD||+39%|
|Geothermal Production Manager||151,000 NZD||+50%|
|Geothermal Technician||59,100 NZD||-41%|
|HSE Engineer||84,800 NZD||-16%|
|HSE Officer||54,500 NZD||-46%|
|HSEQ Administrator||60,800 NZD||-40%|
|Instrument Designer||70,200 NZD||-30%|
|Lead Technical Field Advisor||116,000 NZD||+15%|
|Logistics and Tool Coordinator||77,800 NZD||-23%|
|Maintenance Engineer||90,500 NZD||-10%|
|Maintenance Superintendent||77,600 NZD||-23%|
|Material Controller||57,300 NZD||-43%|
|Mine Engineer||81,400 NZD||-19%|
|Mine Surveyor||93,300 NZD||-7%|
|Mining Project Administrator||78,900 NZD||-22%|
|Mining Project Assistant||60,700 NZD||-40%|
|Mining Project Controls Consultant||101,000 NZD||+0%|
|Mining Project Coordinator||75,000 NZD||-26%|
|Mining Project Engineer||83,900 NZD||-17%|
|Mining Project Manager||107,000 NZD||+6%|
|Mining Site Manager||116,000 NZD||+15%|
|Mining Team Leader||97,300 NZD||-4%|
|NDT Technician||53,500 NZD||-47%|
|Oil Service Unit Operator||45,800 NZD||-55%|
|Oil Trader||109,000 NZD||+8%|
|Oilwell Pumper||33,500 NZD||-67%|
|Petroleum Engineer||101,000 NZD||+0%|
|Petroleum Geologist||153,000 NZD||+52%|
|Petroleum Pump System Operator||47,500 NZD||-53%|
|Pipeline Technician||34,500 NZD||-66%|
|Power Coordinator||52,000 NZD||-48%|
|Power Plant Operations Manager||168,000 NZD||+67%|
|Power Plant Operator||71,600 NZD||-29%|
|Radio Operator||39,900 NZD||-60%|
|Reliability Engineer||86,000 NZD||-15%|
|Reservoir Engineer||80,800 NZD||-20%|
|Risk Analyst||109,000 NZD||+8%|
|Shutdown Engineer||74,900 NZD||-26%|
|Solar Energy Installation Manager||128,000 NZD||+27%|
|Solar Energy Systems Engineer||94,800 NZD||-6%|
|Solar Photovoltaic Installer||57,300 NZD||-43%|
|Solar Thermal Technician||52,000 NZD||-48%|
|Supply Operations Manager||139,000 NZD||+38%|
|Sustainability Specialist||144,000 NZD||+43%|
|System Development Advisor||99,300 NZD||-2%|
|Tanker Truck Driver||36,100 NZD||-64%|
|Utility Operator||47,000 NZD||-53%|
|Wind Energy Project Manager||124,000 NZD||+23%|
Where can you get paid more, working for a private company or for the government? Public sector employees in New Zealand earn 5% more than their private sector counterparts on average across all sectors.