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Started By
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petroleum engineering degree
Posted on 6/9/09 at 11:33 pm
Posted on 6/9/09 at 11:33 pm
In five years how much weight will this degree hold? Also what are some good sites to learn more about the oil and gas industry?
thanks
thanks
7
Posted on 6/9/09 at 11:38 pm to Rad McCorndog
I would think until we find another energy source that can replace oil, pet.e. majors should continue to do well. Also geologists who want to go the oil route.
Posted on 6/10/09 at 12:50 am to Rad McCorndog
Just get a chemical engineering degree and you're set.
ETA: I'd say you would be good with a petro degree for at last the next 50 years.
ETA: I'd say you would be good with a petro degree for at last the next 50 years.
This post was edited on 6/10/09 at 12:51 am
Posted on 6/10/09 at 9:51 am to Rad McCorndog
Any engineering degree is a good thing.
Posted on 6/10/09 at 11:23 am to coloradoBengal
I agree with Bengal. Anything in engineering will always be in demand. People just do not understand how many different products use petroleum besides gasoline. We will be using petroleum for centuries to come.
Posted on 6/10/09 at 11:37 am to Rad McCorndog
Petroleum Engineers are making between 80 and 100K straight out of a BS degree. Its hard to predict the future of our economy or the price of oil, but I wouldn't expect that number to slip. With the recent drop in oil price in the last year, salaries have not decreased but openings have.
Posted on 6/10/09 at 11:47 am to lsumatt
Plastics are made, in part, from petroleum. Worst case scenario, you'll still be fine. IMO, oil will likely be a major power source for the 20 to 50 years.
Factors to look at: Are other countries producing Petro Engineers to undercut you? Doesn't seem to be a problem, like it is with computer programming, etc. Even civil engineers have vastly more competition.
So, yes, it should still be a good degree to hold for quite some time. You may be enticed to relocate abroad, though.
Factors to look at: Are other countries producing Petro Engineers to undercut you? Doesn't seem to be a problem, like it is with computer programming, etc. Even civil engineers have vastly more competition.
So, yes, it should still be a good degree to hold for quite some time. You may be enticed to relocate abroad, though.
This post was edited on 6/10/09 at 11:51 am
Posted on 6/10/09 at 11:50 am to JFremani
Also, learn Arabic. 
Posted on 6/10/09 at 2:55 pm to Rad McCorndog
Its not a bad idea.
You can also get an MBA and that would diversify you for anything.
You can also get an MBA and that would diversify you for anything.
Posted on 6/10/09 at 3:44 pm to lsumatt
quote:
Petroleum Engineers are making between 80 and 100K straight out of a BS degree.
They WERE, now they are just unemployed.
Posted on 6/10/09 at 3:47 pm to barry
quote:
They WERE, now they are just unemployed.
Not really. Companies aren't dumping many new grads and they are still hiring (at 80-100K per year). They aren't begging for graduates like a year ago, but it aint that bad. I work closely with these graduates and companies and it is still good; salaries haven't seemed to taper off at all.
Posted on 6/10/09 at 3:50 pm to barry
The land department is the only one really suffering major cuts. Petroleum engineering is a great field and the oil companies are still paying well over 80k for bachelors. There is such a generation gap in the industry they have no choice but to hire considering the amount of employees that are about to retire. I know plenty of guys who just graduated or are graduating next year and all have jobs lined up. Even when we do discover an alternative energy with hydrocarbon capabilities it will take decades to transition.
This post was edited on 6/10/09 at 3:52 pm
Posted on 6/10/09 at 6:39 pm to Sailfish
quote:Anything in the petroleum industry. I wouldn't expect a PetE degree to be worth too much outside it.
You can also get an MBA and that would diversify you for anything
Posted on 6/10/09 at 7:05 pm to Tigah in the ATL
quote:
Anything in the petroleum industry. I wouldn't expect a PetE degree to be worth too much outside it.
I thought engineering degrees are very versatile.
Posted on 6/10/09 at 7:11 pm to acgeaux129
quote:
I thought engineering degrees are very versatile.
Some are probably more versatile than others. But any engineering degree will get you in the door at most large production firms.
Posted on 6/11/09 at 10:15 am to C
quote:Don't expect Procter & Gamble to be impressed by a PetE degree.
any engineering degree will get you in the door at most large production firms
Posted on 6/11/09 at 10:40 am to lsumatt
quote:
Not really. Companies aren't dumping many new grads and they are still hiring (at 80-100K per year). They aren't begging for graduates like a year ago, but it aint that bad. I work closely with these graduates and companies and it is still good; salaries haven't seemed to taper off at all.
my friend graduated from UT with a double major in PE and geo sciences and can't find a job
Posted on 6/11/09 at 11:18 am to barry
quote:
my friend graduated from UT with a double major in PE and geo sciences and can't find a job
What was his GPA and did he do internships every summer?
Posted on 6/11/09 at 11:19 am to barry
quote:
my friend graduated from UT with a double major in PE and geo sciences and can't find a job
well I probably taught him. Like I said, the number of offers has scaled down some but the salaries haven't. Most of them are still getting offers (I am a little surprised by your friend), but I bet he gets one soon especially with the market upturn.
Posted on 6/11/09 at 3:18 pm to ProudLSUMom
quote:
What was his GPA and did he do internships every summer?
Its a girl and she has big boobs so i really have no idea why she doesn't have a job.
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