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1
Posted on 10/16/14 at 10:12 am to jimbeam
pretty crazy swing from 7 years ago. when i entered lsu as a civil engineer they tried to entice me to switch my major to petroleum and wanted to send me to colorado the summer before my freshman year to take some geology classes and get a jump start.
Posted on 10/16/14 at 10:18 am to Spitting Venom
Are there any statistics on the number of engineering students who find work through Careers2Geaux? I can't find anything online.
LSU has set up a good program for on-campus recruiting, but I am wondering how many students actually find jobs through this service.
A friend told me that Exxon had 900 applications through Careers2Geaux last year, gave 120ish interviews, 40ish call backs, and less than 10 jobs/internships. Also said Chevron was pretty similar; 500 applicants, 80 interviews, 10 or so positions filled.
I know those are majors, but those numbers are terrible. I'm curious to know the placement rate.
LSU has set up a good program for on-campus recruiting, but I am wondering how many students actually find jobs through this service.
A friend told me that Exxon had 900 applications through Careers2Geaux last year, gave 120ish interviews, 40ish call backs, and less than 10 jobs/internships. Also said Chevron was pretty similar; 500 applicants, 80 interviews, 10 or so positions filled.
I know those are majors, but those numbers are terrible. I'm curious to know the placement rate.
Posted on 10/16/14 at 10:20 am to Spitting Venom
quote:
I know those are majors, but those numbers are terrible. I'm curious to know the placement rate.
Those are pretty common with the majors.
Posted on 10/16/14 at 10:22 am to Spitting Venom
Very good letter on A&M's part. Law schools should be mailing out job projection letters as well.
Posted on 10/16/14 at 10:24 am to Spitting Venom
My pops is a PETE and just retired. When I started LSU (2004) he strongly suggeste I look into other Engineering Programs other than PETE. The growth just isn't there for the increase in graduates.
Posted on 10/16/14 at 10:25 am to Golfer
I know that's pretty standard for the majors. I am more interested to see the placement statistics for LSU's program as a whole. Do you think it's on par with the numbers I posted above? Seems like the Exxons/Chevrons would have the lowest placement rates of all recruiting companies. I would hope Careers2Geaux's placement statistics are better than that.
Posted on 10/16/14 at 10:27 am to Spitting Venom
Just 1 more reason why Geosciences >>>> PETE
Posted on 10/16/14 at 10:32 am to Radiojones
Mythbusting 101: Uncomfortable Truths Your College Won't Tell You
quote:Forbes article from 2012
1) “Far more people earn degrees in many liberal arts majors than can be employed in those fields.”
Consider the following statistics: More than half of Americans under the age of 25 who have a bachelor’s degree are either unemployed or underemployed. According to The Christian Science Monitor, nearly 1 percent of bartenders and 14 percent of parking lot attendants have a bachelor’s degree.
Posted on 10/16/14 at 10:36 am to TigerHam85
I'm Civil (structural) Engineer. It's easy to find a job in Civil, but the pay is lower, comparatively.
PETE is specialized, salaries have been good historically. When the O&G industry craps out, you have nowhere to go.
Mechanical, Chemical, Electrical all have good pay with broad range of job prospects. None are tied to one particular industry. All can work in the O&G industry if you want and transition out if need be.
Goelogists are like PETE, they come and go with the O&G industry.
PETE is specialized, salaries have been good historically. When the O&G industry craps out, you have nowhere to go.
Mechanical, Chemical, Electrical all have good pay with broad range of job prospects. None are tied to one particular industry. All can work in the O&G industry if you want and transition out if need be.
Goelogists are like PETE, they come and go with the O&G industry.
Posted on 10/16/14 at 10:39 am to Spitting Venom
LSU's program has ballooned in size, but they also do a lot of weeding out. The biggest hurdle, though, is that most of the large companies only want students with a 3.3 (Shell), or a 3.5 or higher (Exxon, Baker Hughes, ect). LSU weeds a ton of students out (myself included) and those that aren't weeded out, take a GPA beating the first 2 or 3 years. This leads to a pretty large graduating class with GPA's too low to fill the needs of the Exxon's of the world, but too large to fill all of the other jobs out there right away. Many of those PETE grads end up having to take non PETE jobs in the oil or construction industry in order to get by. I feel like I may have dodged a bullet by switching to CM.
Posted on 10/16/14 at 10:41 am to Sid in Lakeshore
quote:
When the O&G industry craps out, you have nowhere to go.
Since this won't happen in our lifetime we should be prepared.
quote:
Goelogists are like PETE, they come and go with the O&G industry.
You proved your stupidity not once, but twice in this sentence.
Posted on 10/16/14 at 10:44 am to Sid in Lakeshore
quote:ever heard of groundwater?
Geologists
Posted on 10/16/14 at 10:47 am to Sid in Lakeshore
quote:
Goelogists are like PETE, they come and go with the O&G industry.
My dad has a PHd in geology, never knew why he didnt go to O&G. He decided to go to academia.
Schools should send letters for law school, grad school in fricking Classical studies or some shite, and film school, or art hsitory.
This girl I know is paying out of state tution to major in film and pottery. LSU's film program is terrible. Colleges need to be more transparent especially the theater program.
Posted on 10/16/14 at 10:48 am to Spitting Venom
quote:
Are there any statistics on the number of engineering students who find work through Careers2Geaux? I can't find anything online.
LSU has set up a good program for on-campus recruiting, but I am wondering how many students actually find jobs through this service.
A friend told me that Exxon had 900 applications through Careers2Geaux last year, gave 120ish interviews, 40ish call backs, and less than 10 jobs/internships. Also said Chevron was pretty similar; 500 applicants, 80 interviews, 10 or so positions filled.
I know those are majors, but those numbers are terrible. I'm curious to know the placement rate.
The numbers when I was in school were pretty good. I'd say >75% of PETE students got their jobs through careers 2 geaux. You have to realize, the majors have been in the industry a long time. They know that just because there are 3 times as many petroleum engineering and geologist students doesn't mean they should send out 3x the offers. They've lived through crashes.
Texas A&M is smart, smarter than LSU for sure. They stopped letting just anyone get in the department when the students started pouring in. When you have enrollment numbers like you do now, the market becomes saturated and you're left with poor hiring statistics like you show.
Article you posted is old but still worth reading.
Posted on 10/16/14 at 10:53 am to TigerHam85
quote:You are either very young or have no idea about the oil/gas industry.
You proved your stupidity not once, but twice in this sentence.
In the late 80's and early 90's many geologist and PE were unemployed and had to leave the industry because the price of oil was to low to justify drilling new wells.
The state of Louisiana had an out-migration of more than 20,000 people during that period.
The O&G industry is historically very volatile but the last 15-20 years has seen a great run because of high prices and new technology. But the new technology means nothing without the price being high enough to support it.
Posted on 10/16/14 at 10:53 am to TigerHam85
quote:
Since this won't happen in our lifetime we should be prepared.
If oil prices continue to drop and go below $80/barrel, domestic production will certainly sharply decline since it makes fracking tar sands and similar shale oil formations uneconomical.
Posted on 10/16/14 at 11:00 am to dante
quote:
n the late 80's and early 90's many geologist and PE were unemployed and had to leave the industry because the price of oil was to low to justify drilling new wells.
Reason my dad prolly stayed in academia
Posted on 10/16/14 at 11:01 am to TigerHam85
quote:
TigerHam85
Keyboard warrior, I see.
quote:
Since this won't happen in our lifetime we should be prepared.
Do you have no historical perspective or the ability to follow the logic of this thread? The oil industry has hit on hard times in the past and will do so again. Book it.
quote:
You proved your stupidity not once, but twice in this sentence.
So your thesis is that downturns in the O&G industry do not result in hard times for geologists, geoscientists and the like....
Sorry to burst your bubble, hope you never find out how wrong you are.
ETA: I see some posters with knowledge have responded. I'm not knocking Geosciences. Its a great discipline. The majority of the higher paying jobs for that discipline are tied to O&G. That's just the way it is.
This post was edited on 10/16/14 at 11:05 am
Posted on 10/16/14 at 11:02 am to TigerHam85
quote:
Since this won't happen in our lifetime we should be prepared.
How are you so certain about that?
Oil is already down to $80 a barrel. Can the industry keep booming at this price? Yes. Will the price stay high? No one knows. The recent boom we've had (~the past 10 years, minus the hiccup during the recession) is very similar to the 70's-early 80's. Everyone was hiring then, oil price was through the roof, enrollment numbers were tripling in university O&G programs. That lasted about 10 years then the bottom fell out, people lost jobs, companies stopped hiring, no one was going to school to be a geologist or PETE anymore. In fact, the petroleum engineering department at LSU had maybe 10 students per graduating class in the 90's.
Not saying it will or will not happen again, but it's entirely possible. The oil companies (well, the ones that survived, anyway) lived through it in the 80's, and they know it could easily happen again. I hope it doesn't but it's a cyclical industry.
This post was edited on 10/16/14 at 11:05 am
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