HOME BROWSE SALARIES ARTICLES BEST PAYING JOBS SUBMIT SALARY
Browse Salaries
Best Paying Jobs
Articles
Submit Salary
Salary Increase Letters

Oil and Petrochemical Engineer Average Salary in Colorado 2024

How much money does a person working as Oil and Petrochemical Engineer make in Colorado?


Average Yearly Salary
98,300 USD
( 8,200 USD monthly)

LOW
45,200
USD
AVERAGE
98,300
USD
HIGH
156,000
USD
All salary figures displayed here are per year except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Oil and Petrochemical Engineer in Colorado typically earns around 98,300 USD. Salaries range from 45,200 USD (lowest) to 156,000 USD (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Oil and Petrochemical Engineer salaries in Colorado vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Oil and Petrochemical Engineer Pay Scale and Salaries in Colorado

Median and salary distribution Colorado Oil and Petrochemical Engineer yearly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/colorado/engineering/oil-and-petrochemical-engineer/median-and-salary-distribution-yearly-colorado-oil-and-petrochemical-engineer.jpg

Salary Structure and Pay Scale Comparison

5% of people earn
93,300 USD or more
10% of people earn
81,700 to 93,300 USD
20% of people earn
56,300 USD or less
65% of people earn
56,300 to 81,700 USD
Minimum Salary
45,200 USD
Median
94,000 USD
Maximum
156,000 USD




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per year except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Oil and Petrochemical Engineer in Colorado range from 45,200 USD (starting salary) to 156,000 USD (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 94,000 USD, half of the professionals who work as Oil and Petrochemical Engineer in Colorado earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Oil and Petrochemical Engineer in Colorado earn less than 75,800 USD, while 75% earn more. Similarly, the chart shows that 75% earn less than 108,000 USD while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Oil and Petrochemical Engineer in Colorado compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 56,300 USD to 81,700 USD. About 20% of salaries are below the 56,300 USD mark, while 10% fall within the range of 81,700 USD to 93,300 USD. Only 5% of individuals have salaries exceeding 93,300 USD.

Salary Comparison by Years of Experience / Oil and Petrochemical Engineer / Colorado

How do experience and age affect pay?

0 - 2 Years
51,300 USD
2 - 5 Years+34%
68,600 USD
5 - 10 Years+48%
101,000 USD
10 - 15 Years+22%
124,000 USD
15 - 20 Years+9%
135,000 USD
20+ Years+8%
146,000 USD
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience yearly Colorado Oil and Petrochemical Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/colorado/engineering/oil-and-petrochemical-engineer/salary-comparison-by-years-of-experience-yearly-colorado-oil-and-petrochemical-engineer.jpg

The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Oil and Petrochemical Engineer and this is what we found.


All salary figures displayed here are per year except when noted otherwise.

Employees with less than two years of experience earn approximately 51,300 USD.

While someone with an experience level between two and five years is expected to earn 68,600 USD, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 101,000 USD, 48% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 124,000 USD, 22% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 135,000 USD, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 146,000 USD, 8% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Salary Comparison By Education / Oil and Petrochemical Engineer / Colorado

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Oil and Petrochemical Engineer.

Bachelor's Degree
59,700 USD
Master's Degree+93%
115,000 USD
Percentage increase and decrease are relative to the previous value
Salary comparison by education level yearly Colorado Oil and Petrochemical Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/colorado/engineering/oil-and-petrochemical-engineer/salary-comparison-by-education-level-yearly-colorado-oil-and-petrochemical-engineer.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Oil and Petrochemical Engineer in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 59,700 USD.


Level 2: Master's Degree

At this level, the average salary becomes 115,000 USD, 93% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in United States costs anywhere from 39,600 USD to 119,000 USD and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch to a higher-paying job. The numbers seem to support the theory. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Salary and Compensation Comparison By Gender / Oil and Petrochemical Engineer / Colorado

Salary comparison by gender United States Oil and Petrochemical Engineer yearly
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/engineering/oil-and-petrochemical-engineer/salary-comparison-by-gender-yearly-united-states-oil-and-petrochemical-engineer.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Oil and Petrochemical Engineer in United States, the average difference between the salary of male and female employees is 6%.

Male
99,600 USD
Female-6%
93,800 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in United States for all Careers

Salary comparison by gender yearly United States
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/salary-comparison-by-gender-yearly-united-states.jpg


Average Annual Salary Increment Percentage / Oil and Petrochemical Engineer / Colorado

How much are annual salary increments in Colorado for individuals working as Oil and Petrochemical Engineer? How often do employees get salary raises?

Individuals working as Oil and Petrochemical Engineer in United States are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate United States Oil and Petrochemical Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/engineering/oil-and-petrochemical-engineer/annual-salary-increment-rate-united-states-oil-and-petrochemical-engineer.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

United States / All Professions

Annual Salary Increment Rate United States
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/annual-salary-increment-rate-united-states.jpg

The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency

The average salary increase in one year (12 months) in United States is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Oil and Petrochemical Engineer / United States

How much and how often are bonuses being awarded?Annual Salary Bonus Rate United States Oil and Petrochemical Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/united-states/engineering/oil-and-petrochemical-engineer/annual-salary-bonus-rate-united-states-oil-and-petrochemical-engineer.jpg

100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from % to % of their annual salary.

Received Bonus
%
No Bonus
100%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus, where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Average Hourly Wage / Oil and Petrochemical Engineer / Colorado


47 USD per hour

The average hourly wage (pay per hour) for individuals working as Oil and Petrochemical Engineer in Colorado is 47 USD.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Oil and Petrochemical Engineer in Colorado is 22 USD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Engineering-100%
3D Printing Engineer79,500 USD-19%
Acoustics Engineer82,800 USD-16%
Assembly Engineering Technician64,600 USD-34%
Assistant Chief Engineer101,000 USD+3%
Associate Engineer79,600 USD-19%
AutoCAD Drafter51,600 USD-48%
Autocad Operator52,500 USD-47%
Automation Engineer91,600 USD-7%
Avionic System Support Engineer82,400 USD-16%
Biochemical Engineer79,300 USD-19%
BMS Engineer77,400 USD-21%
Bridge and Lock Tender47,300 USD-52%
Broadcast Engineer86,700 USD-12%
CAD Design Engineer86,900 USD-12%
CAD Designer56,600 USD-42%
CAE Engineer87,700 USD-11%
Ceramics Engineer80,100 USD-19%
Chemical Engineer87,900 USD-11%
Civil Drafter56,000 USD-43%
Civil Engineer88,000 USD-11%
Civil Site Engineer90,100 USD-8%
Civil Technician51,700 USD-47%
Cognitive Engineer83,900 USD-15%
Commissioning Engineer88,300 USD-10%
Communications Engineer93,100 USD-5%
Condition Monitoring Engineer77,800 USD-21%
Contract Associate Engineer80,800 USD-18%
Contract Engineer78,500 USD-20%
Control Systems Engineer83,000 USD-16%
Controls Engineer85,000 USD-14%
Controls Software Engineer79,900 USD-19%
Corrosion Engineer76,600 USD-22%
Design Engineer84,800 USD-14%
Director of Engineering182,000 USD+85%
Drafter53,800 USD-45%
Drafting Manager96,100 USD-2%
Drilling Engineer86,700 USD-12%
Drilling Foreman25,900 USD-74%
Electrical Draughtsman45,400 USD-54%
Electrical Engineer95,300 USD-3%
Electrical Engineering Manager121,000 USD+23%
Electromechanical Engineering Technologist90,500 USD-8%
Electromechanical Equipment Assembler47,400 USD-52%
Energy Engineer92,300 USD-6%
Engine Assembler38,100 USD-61%
Engineer95,700 USD-3%
Engineering Account Manager98,500 USD+0%
Engineering Chief Designer94,300 USD-4%
Engineering Consultant120,000 USD+22%
Engineering Key Account Manager129,000 USD+31%
Engineering Lab Technician81,800 USD-17%
Engineering Manager117,000 USD+19%
Engineering Planning Manager117,000 USD+19%
Engineering Production Manager153,000 USD+56%
Engineering Project Analyst102,000 USD+4%
Engineering Project Coordinator 100,000 USD+2%
Engineering Project Director180,000 USD+83%
Engineering Project Leader114,000 USD+16%
Engineering Project Manager128,000 USD+30%
Engineering Research and Development Manager136,000 USD+38%
Engineering Safety Coordinator68,000 USD-31%
Engineering Sales Manager113,000 USD+15%
Engineering Technician70,700 USD-28%
Engineering Technologist68,500 USD-30%
Environmental Engineer86,400 USD-12%
Equipment Engineer78,200 USD-20%
Equipment Engineering Manager110,000 USD+12%
Estimator77,200 USD-21%
Fabrication Specialist62,600 USD-36%
Fabricator39,100 USD-60%
Facade Engineer86,300 USD-12%
Fiber Analyst48,800 USD-50%
Field Engineer93,000 USD-5%
Field Engineering Manager147,000 USD+49%
Fire Engineer90,000 USD-8%
Fitter and Turner28,000 USD-72%
Forestry Strategic Planner101,000 USD+3%
Generation Engineer84,800 USD-14%
Genetic Engineer99,500 USD+1%
Geological Engineer93,400 USD-5%
Geotechnical Engineer90,100 USD-8%
Heavy Equipment Mechanic47,100 USD-52%
Highway Engineer90,600 USD-8%
HSE Professional84,500 USD-14%
Human Machine Interface Engineer82,300 USD-16%
HVAC Engineer94,200 USD-4%
HVAC Supervisor76,600 USD-22%
Industrial Engineer82,900 USD-16%
Industrial Engineering Technologist81,200 USD-17%
Instrument Engineer81,600 USD-17%
Instrument Technician46,700 USD-53%
Instrumentation and Control Engineer81,600 USD-17%
Instrumentation Designer75,100 USD-24%
Instrumentation Engineer82,700 USD-16%
Instrumentation Manager85,400 USD-13%
Irrigation Engineer81,300 USD-17%
Licensed Aircraft Engineer96,400 USD-2%
Locomotive Engineer82,900 USD-16%
Maintenance Engineer84,300 USD-14%
Maintenance Fitter31,800 USD-68%
Maintenance Manager90,300 USD-8%
Manufacturing Engineer84,200 USD-14%
Marine Engineer85,500 USD-13%
Materials Engineer80,900 USD-18%
Materials Researcher81,900 USD-17%
Materials Technician65,100 USD-34%
Mechanical and Electrical Engineer93,500 USD-5%
Mechanical Design Engineer89,800 USD-9%
Mechanical Designer78,100 USD-21%
Mechanical Engineer94,600 USD-4%
Mechanical Engineering Manager121,000 USD+23%
Mechanical Inspector82,500 USD-16%
Mechatronics Engineer88,600 USD-10%
Mining Engineer82,300 USD-16%
Nanotechnology Engineer93,800 USD-5%
Natural Language Processing Engineer91,900 USD-7%
Oil and Petrochemical Engineer98,300 USD-0%
Optical Engineer88,300 USD-10%
Optical Instrument Assembler44,900 USD-54%
PCB Assembler31,900 USD-68%
Photonics Engineer96,800 USD-2%
Photonics Technician76,800 USD-22%
Pipeline Engineer76,300 USD-22%
Piping Designer48,600 USD-51%
Piping Engineer79,800 USD-19%
Planning Engineer86,900 USD-12%
Pressure Vessel Inspector39,700 USD-60%
Principal Cost Engineer85,800 USD-13%
Principal Engineer83,700 USD-15%
Principal Support Engineer90,100 USD-8%
Process Engineer86,800 USD-12%
Process Operator50,900 USD-48%
Product Development Engineer88,700 USD-10%
Product Development Technician61,500 USD-37%
Product Engineer86,200 USD-12%
Product Safety Engineer85,700 USD-13%
Production Engineer85,400 USD-13%
Project Engineer94,200 USD-4%
Proposal Manager114,000 USD+16%
Purchasing Engineer82,500 USD-16%
Quality Assurance Engineer85,800 USD-13%
Rail Engineer84,800 USD-14%
Regional Field Engineer94,600 USD-4%
Remote Sensing Engineer88,300 USD-10%
Robotics Engineer93,900 USD-5%
Robotics Technician73,100 USD-26%
Safety Engineer90,300 USD-8%
Safety Inspector70,700 USD-28%
Safety Manager105,000 USD+7%
Safety Officer43,300 USD-56%
Sales Engineer93,100 USD-5%
Scheduling Engineer76,300 USD-22%
Security Engineer93,100 USD-5%
Service Engineer88,700 USD-10%
Smart Home Engineer91,700 USD-7%
Solar Engineer89,300 USD-9%
Staff Engineer88,500 USD-10%
Static Equipment Engineer86,700 USD-12%
Stationary Engineer80,600 USD-18%
Stress Engineer83,900 USD-15%
Structural Analysis Engineer86,000 USD-13%
Structural Designer79,300 USD-19%
Structural Engineer83,700 USD-15%
Structural Technician53,200 USD-46%
Subsea Engineer108,000 USD+10%
Supply Chain Specialist82,600 USD-16%
Surveyor65,500 USD-33%
Technical Affairs Officer44,100 USD-55%
Technical Assistant44,900 USD-54%
Technical Engineer73,900 USD-25%
Technical Support Engineer77,800 USD-21%
Tender Engineer81,400 USD-17%
Test Development Engineer82,300 USD-16%
Test Engineer88,100 USD-10%
Transportation Engineer83,400 USD-15%
Urban Engineer88,700 USD-10%
Validation Engineer74,600 USD-24%
Verification Engineer82,400 USD-16%
Wastewater Engineer85,700 USD-13%
Wind Energy Engineer89,000 USD-9%
Wind Energy Operations Manager113,000 USD+15%
Wireless Engineer90,400 USD-8%
Work Planner63,300 USD-36%

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in United States is 5% on average across all career fields.

Private Sector
92,800 USD
Public Sector+5%
97,500 USD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Oil and Petrochemical Engineer in Colorado?

A good and competitive compensation would range anywhere between 94,000 USD and 108,000 USD. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Oil and Petrochemical Engineer in Colorado ranges from 45,200 USD to 75,800 USD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary


Browse Salaries

Salary Increase Letters

Best Paying Jobs
Home BROWSE SALARIES ARTICLES BEST PAYING JOBS Salary Comparison Arabic Spanish

©Salary Explorer 2024