Results of the October 1988 SPE Member Salary Survey indicate an increase of about 4 to 5% in salaries received by SPE members over salaries reported in October 1987. Results of the 1989 SPE Starting Salary Survey reflect an increase in starting salaries accepted by B.S. graduates in petroleum engineering to $2,900/month. This figure petroleum engineering to $2,900/month. This figure is up 5.5% from a year ago and is the largest increase in starting salaries since 1982.
The purpose of this paper is threefold:
to provide insight into some of the demographics of the provide insight into some of the demographics of the Society of Petroleum Engineers (SPE),
to report the results of the 1989 SPE Starting Salary Survey for petroleum engineering graduates entering the petroleum industry from September 1988 through petroleum industry from September 1988 through August 1989, and
to report the results of the annual SPE Member Salary Survey based on data collected in the Fall of 1988.
In the paper, we discuss the interests, job classifications, and educational backgrounds of the Society's members and compare this year's data to similar information collected in prior years. We look at the trends in both starting salaries for recent graduates and salaries for SPE members in various sectors of the petroleum industry, and we compare these salary data petroleum industry, and we compare these salary data to those from prior years and from other industries. Finally, where possible, we attempt to provide an understanding of what the data mean and how the data both reflect and impact the engineering manpower supply/demand trends in the petroleum industry.
Table 1 shows the principal interests of the SPE's U.S. members for all membership grades except students. These data were compiled from the SPE dues statement for 1987. The table indicates the wide range of interests expressed by SPE's S members. Approximately one-third (29%) of the Society's U.S. members indicated production operations as their principal interest; reservoir engineering and drilling were each chosen as the primary interest of about 20% of the U.S. members. primary interest of about 20% of the U.S. members. Table 2 presents the types of businesses for which SPE members work. These data and the data in Tables 3 and 4 were taken from the SPE dues statement for 1988 and include all SPE members except students (about 50,000 members). Table 2 shows that about half (51.8%) of the Society's members work for companies engaged in exploration, drilling, and production, while about 12% of the membership works in the supply and manufacturing sector of the industry. More than one-third (36.3%) of SPE members., however, indicated they work for businesses "other" than those listed in Table 2.
Five years ago, in the 1983 survey, 59% of SPE's members indicated they worked for exploration, drilling, and production companies, with 26% in supply and manufacturing companies, and 15% working for "other" types of businesses. In 1987, 64% reported working for exploration, drilling, and production companies, with 14% indicating supply and production companies, with 14% indicating supply and manufacturing, and 22% choosing the "other" category. Given the large number of members choosing the "other" category in recent years, it appears that future surveys should be designed to reflect more accurately the types of companies/businesses where SPE's members are finding jobs in an effort to better define the "other" category.
Table 3 lists the types of jobs SPE members hold. Not surprisingly, almost half (43.3%) of the Society's members classify their job as "Engineer." in comparing the 1988 data in Table 3 with that from last year and five years ago, there is essentially no change in the percentage of SPE members are holding each job type. Thus, Table 3 indicates we are working the same kinds of jobs as always, but, as Table 2 suggests, many of us may be employed in different types of businesses.