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How are PETE placement rates these days?

Posted on 12/4/17 at 9:46 pm
Posted by VooDude
Member since Aug 2017
1079 posts
Posted on 12/4/17 at 9:46 pm
Figured I'd catch a few senior petroleum engineering majors on TD, procrastinating instead of prepping for finals:

What percentage have a job by grad?
How are class sizes?
What are the average starting salaries?
Etc.

I dropped out of LSU my freshman year, and have since always wondered if I should have stayed with petroleum eng. (can't beat six figures, working 2 weeks on, 2 off). Graduated in '15; and at the time, it looked like I made a wise decision to transfer to a top 10 business school after I found out my dumbass got in (I may have [accidentally] checked the Hispanic box). So how are things now? Still hard to find a job?
This post was edited on 12/4/17 at 10:06 pm
Posted by shutterspeed
MS Gulf Coast
Member since May 2007
63190 posts
Posted on 12/4/17 at 9:53 pm to
truck nuts
Posted by djangochained
Gardere
Member since Jul 2013
19054 posts
Posted on 12/4/17 at 10:08 pm to
What?
Posted by BruceJender
Houston
Member since Dec 2016
620 posts
Posted on 12/4/17 at 10:11 pm to
It was like 35-40 percent middle of last year. A lot of people I know got service company jobs. Some got jobs out of industry. I know the incoming freshman class is much smaller this year.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
66997 posts
Posted on 12/4/17 at 10:11 pm to
If you ain’t got a 3.5, you ain’t gettin’ a job, let alone one in your field. The market is still downish, but the universities cranked out an unprecedented glut of graduates during the downturn.
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
34647 posts
Posted on 12/4/17 at 10:18 pm to
I graduated in 2016 when oil was in the $20s at one point the semester I graduated. It was a disaster. I don’t think even 10% had jobs at graduation. They weren’t hiring at all
Posted by VooDude
Member since Aug 2017
1079 posts
Posted on 12/4/17 at 10:20 pm to
quote:

If you ain’t got a 3.5, you ain’t gettin’ a job, let alone one in your field. The market is still downish, but the universities cranked out an unprecedented glut of graduates during the downturn.

That's the cruelest thing I've ever heard. So you have people traveling to LSU's program in swarms, often out of state like I was, working their asses off to get a degree that is useless after they graduate in 5-6 years assuming they got the classes they needed to graduate from the wait list? Brutal. How transferable could something as specialized as a PE degree even be?
This post was edited on 12/4/17 at 10:21 pm
Posted by waiting4saturday
Covington, LA
Member since Sep 2005
9712 posts
Posted on 12/4/17 at 10:23 pm to
quote:

That's the cruelest thing I've ever heard. So you have people traveling to LSU's program in swarms, often out of state like I was, working their asses off to get a degree that is useless after they graduate in 5-6 years assuming they got the classes they needed to graduate from the wait list? Brutal. How transferable could something as specialized as a PE degree even be


Eh, they’ll be making bank soon enough.
Posted by kingbob
Sorrento, LA
Member since Nov 2010
66997 posts
Posted on 12/4/17 at 10:33 pm to
A friend of mine graduated PETE in 2014, right when the market was tanking. She had to work as a receptionist for a pyramid scheme nutrition company for a while before she found a non-PETE engineering job. Good thing she married rich
Posted by Spankum
Miss-sippi
Member since Jan 2007
55970 posts
Posted on 12/4/17 at 10:40 pm to
I found PETE to be the most interesting of the engineering disciplines...and still do.

however, when I graduated during the mid '90s, oil prices had tanked and the market for that degree went absolutely to shite. In fact, there was serious talk of discontinuing the degree at LSU due to lack of students.

At that point, I changed my major to ME and am damn glad I did. PETE is either feast or famine.
Posted by el Gaucho
He/They
Member since Dec 2010
52908 posts
Posted on 12/4/17 at 10:42 pm to
quote:

(I may have [accidentally] checked the Hispanic box).

wow I can't believe you'd pretend to be hispanic. Stolen valor!
Posted by Pelican fan99
Lafayette, Louisiana
Member since Jun 2013
34647 posts
Posted on 12/4/17 at 10:44 pm to
quote:

however, when I graduated during the mid '90s, oil prices had tanked and the market for that degree went absolutely to shite. In fact, there was serious talk of discontinuing the degree at LSU due to lack of students.
yeah the size of classes almost exactly follows the price of oil curve but slightly delayed. When I graduated classes were enormous. Everyone was trying to get in because oil was over $100 and people were pretty much garaunteed work with massive pay. Then it crashed but at that point it was kind of too late to get out


quote:

I found PETE to be the most interesting of the engineering disciplines...and still do.
yeah I agree. The classes were really interesting for the most part. The non PETE engineering classes were such a drag
This post was edited on 12/4/17 at 10:46 pm
Posted by BlackCoffeeKid
Member since Mar 2016
11695 posts
Posted on 12/4/17 at 10:46 pm to
Roommate is graduating in May.
Got a job with Marathon Oil 110k starting salary.

He also has a 3.8-3.9 GPA so there's that.
Posted by Grandioso
Driftwood, TX
Member since Dec 2015
1597 posts
Posted on 12/4/17 at 11:42 pm to
Didn't some universities (Texas, A&M, etc.) issue warning letters to incoming applicants about the bleak market?

Also, is a PETE degree better than a chemical, mechanical, civil, and so forth engineering degree?

Most engineers I know view it more as lesser engineering degree.
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 12/4/17 at 11:46 pm to
Yeah, I imagine those are the ones getting the good jobs now.

When I graduated, we had about 40 in my class. I looked at the course schedule at lsu a few years ago out of curiosity, and the PETE classes had tons of people in them and were being taught in auditoriums. Like Well Logging was being taught with 300 students in the Dodson auditorium. If that’s not a sign of a bubble...
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 12/4/17 at 11:47 pm to
quote:

Also, is a PETE degree better than a chemical, mechanical, civil, and so forth engineering degree


What do you mean by “better”?
Posted by BlackCoffeeKid
Member since Mar 2016
11695 posts
Posted on 12/4/17 at 11:48 pm to
quote:

Most engineers I know view it more as lesser engineering degree.

I'm currently in Civil and my roommate is in PETE.
We actually had this discussion the other day and tried to rank the engineering disciplines in terms of course work.

This is what we got:
ME > ChemE > EE = Bio.E > CE = PETE > Industrial > CM

I'm curious as to what other people say.
This post was edited on 12/4/17 at 11:49 pm
Posted by BlackCoffeeKid
Member since Mar 2016
11695 posts
Posted on 12/4/17 at 11:50 pm to
quote:

we had about 40 in my class. I looked at the course schedule at lsu a few years ago out of curiosity, and the PETE classes had tons of people in them and were being taught in auditoriums. Like Well Logging was being taught with 300 students in the Dodson auditorium. If that’s not a sign of a bubble...


I'm currently getting a CM minor.
This is exactly how I feel about that degree.

Six years ago classes were 20-30 students. Today its roughly 200.
Posted by TheIndulger
Member since Sep 2011
19239 posts
Posted on 12/4/17 at 11:58 pm to
That looks about right
Posted by baseballmind1212
Missouri City
Member since Feb 2011
3251 posts
Posted on 12/5/17 at 12:44 am to
quote:

ME > ChemE > EE = Bio.E > CE = PETE > Industrial > CM

I'm curious as to what other people say.


I'd agree with that. I have a group of friends from high school that all have separate engineering degrees. We all graduated within a year of each other.

The 2 ME's and the Chem E all started out of school around 75, the Bio E kid got a job in chem sales, made about 65. The CE, IE, and me (CM) all started around 60, with the E guys having a steeper curve to their pay and higher ceiling than me.

That being said all but the Chem E guy moved to Texas for work. No one pays in LA like they do in Texas. Plus none of us wanted to pay for private school for future kids.
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