WorldOil

Salaries take a pronounced jump higher

To no one's surprise, salaries for engineers and geoscientists continued their dizzying climb to new heights over the last year, according to the most recent data from SPE and AAPG. Both associations reported a remarkably consistent, overall salary increase figure of 9%. Their respective findings are summarized below. SPE. In 2006, The Gallup Organization collected confidential worldwide salary information on behalf of SPE. Gallup contacted members in 51 countries. The summarized results include responses from 1,565 members in the US and 1,186 members from other countries. For the purposes of this summary, respondents who were semi-retired, retired or unemployed were excluded. As in the previous study, individuals reporting annual salaries of less than $24,000 or more than $250,000 were also excluded. All salary and income figures were reported in US dollars. Worldwide, respondents reported an average income of $116,834.