Oil and Petrochemical Engineer Average Salary in Colorado 2024
How much money does a person working as Oil and Petrochemical Engineer make in Colorado?
LOW
45,200
USD AVERAGE
98,300
USD HIGH
156,000
USD
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
Salary Structure and Pay Scale Comparison
93,300 USD or more
81,700 to 93,300 USD
56,300 USD or less
56,300 to 81,700 USD
 45,200 USD |
94,000 USD |
156,000 USD |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
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 |
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.
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.
Typical Salary Progress for Most Careers
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 |
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 and Compensation Comparison By Gender / Oil and Petrochemical Engineer / Colorado
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 |
Salary Comparison By Gender in United States for all Careers
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.
United States / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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?
Share This Chart Tweet 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 BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 Generators | Supporting 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: | Example: |
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.
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 hourThe 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.
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 Title | Average Salary |
| Engineering |  -100% | |
| 3D Printing Engineer | 79,500 USD | -19% |
| Acoustics Engineer | 82,800 USD | -16% |
| Assembly Engineering Technician | 64,600 USD | -34% |
| Assistant Chief Engineer | 101,000 USD |  +3% |
| Associate Engineer | 79,600 USD | -19% |
| AutoCAD Drafter | 51,600 USD | -48% |
| Autocad Operator | 52,500 USD | -47% |
| Automation Engineer | 91,600 USD | -7% |
| Avionic System Support Engineer | 82,400 USD | -16% |
| Biochemical Engineer | 79,300 USD | -19% |
| BMS Engineer | 77,400 USD | -21% |
| Bridge and Lock Tender | 47,300 USD | -52% |
| Broadcast Engineer | 86,700 USD | -12% |
| CAD Design Engineer | 86,900 USD | -12% |
| CAD Designer | 56,600 USD | -42% |
| CAE Engineer | 87,700 USD | -11% |
| Ceramics Engineer | 80,100 USD | -19% |
| Chemical Engineer | 87,900 USD | -11% |
| Civil Drafter | 56,000 USD | -43% |
| Civil Engineer | 88,000 USD | -11% |
| Civil Site Engineer | 90,100 USD | -8% |
| Civil Technician | 51,700 USD | -47% |
| Cognitive Engineer | 83,900 USD | -15% |
| Commissioning Engineer | 88,300 USD | -10% |
| Communications Engineer | 93,100 USD | -5% |
| Condition Monitoring Engineer | 77,800 USD | -21% |
| Contract Associate Engineer | 80,800 USD | -18% |
| Contract Engineer | 78,500 USD | -20% |
| Control Systems Engineer | 83,000 USD | -16% |
| Controls Engineer | 85,000 USD | -14% |
| Controls Software Engineer | 79,900 USD | -19% |
| Corrosion Engineer | 76,600 USD | -22% |
| Design Engineer | 84,800 USD | -14% |
| Director of Engineering | 182,000 USD | +85% |
| Drafter | 53,800 USD | -45% |
| Drafting Manager | 96,100 USD | -2% |
| Drilling Engineer | 86,700 USD | -12% |
| Drilling Foreman | 25,900 USD | -74% |
| Electrical Draughtsman | 45,400 USD | -54% |
| Electrical Engineer | 95,300 USD | -3% |
| Electrical Engineering Manager | 121,000 USD | +23% |
| Electromechanical Engineering Technologist | 90,500 USD | -8% |
| Electromechanical Equipment Assembler | 47,400 USD | -52% |
| Energy Engineer | 92,300 USD | -6% |
| Engine Assembler | 38,100 USD | -61% |
| Engineer | 95,700 USD | -3% |
| Engineering Account Manager | 98,500 USD | +0% |
| Engineering Chief Designer | 94,300 USD | -4% |
| Engineering Consultant | 120,000 USD | +22% |
| Engineering Key Account Manager | 129,000 USD | +31% |
| Engineering Lab Technician | 81,800 USD | -17% |
| Engineering Manager | 117,000 USD | +19% |
| Engineering Planning Manager | 117,000 USD | +19% |
| Engineering Production Manager | 153,000 USD | +56% |
| Engineering Project Analyst | 102,000 USD | +4% |
| Engineering Project Coordinator | 100,000 USD | +2% |
| Engineering Project Director | 180,000 USD | +83% |
| Engineering Project Leader | 114,000 USD | +16% |
| Engineering Project Manager | 128,000 USD | +30% |
| Engineering Research and Development Manager | 136,000 USD | +38% |
| Engineering Safety Coordinator | 68,000 USD | -31% |
| Engineering Sales Manager | 113,000 USD | +15% |
| Engineering Technician | 70,700 USD | -28% |
| Engineering Technologist | 68,500 USD | -30% |
| Environmental Engineer | 86,400 USD | -12% |
| Equipment Engineer | 78,200 USD | -20% |
| Equipment Engineering Manager | 110,000 USD | +12% |
| Estimator | 77,200 USD | -21% |
| Fabrication Specialist | 62,600 USD | -36% |
| Fabricator | 39,100 USD | -60% |
| Facade Engineer | 86,300 USD | -12% |
| Fiber Analyst | 48,800 USD | -50% |
| Field Engineer | 93,000 USD | -5% |
| Field Engineering Manager | 147,000 USD | +49% |
| Fire Engineer | 90,000 USD | -8% |
| Fitter and Turner | 28,000 USD | -72% |
| Forestry Strategic Planner | 101,000 USD | +3% |
| Generation Engineer | 84,800 USD | -14% |
| Genetic Engineer | 99,500 USD | +1% |
| Geological Engineer | 93,400 USD | -5% |
| Geotechnical Engineer | 90,100 USD | -8% |
| Heavy Equipment Mechanic | 47,100 USD | -52% |
| Highway Engineer | 90,600 USD | -8% |
| HSE Professional | 84,500 USD | -14% |
| Human Machine Interface Engineer | 82,300 USD | -16% |
| HVAC Engineer | 94,200 USD | -4% |
| HVAC Supervisor | 76,600 USD | -22% |
| Industrial Engineer | 82,900 USD | -16% |
| Industrial Engineering Technologist | 81,200 USD | -17% |
| Instrument Engineer | 81,600 USD | -17% |
| Instrument Technician | 46,700 USD | -53% |
| Instrumentation and Control Engineer | 81,600 USD | -17% |
| Instrumentation Designer | 75,100 USD | -24% |
| Instrumentation Engineer | 82,700 USD | -16% |
| Instrumentation Manager | 85,400 USD | -13% |
| Irrigation Engineer | 81,300 USD | -17% |
| Licensed Aircraft Engineer | 96,400 USD | -2% |
| Locomotive Engineer | 82,900 USD | -16% |
| Maintenance Engineer | 84,300 USD | -14% |
| Maintenance Fitter | 31,800 USD | -68% |
| Maintenance Manager | 90,300 USD | -8% |
| Manufacturing Engineer | 84,200 USD | -14% |
| Marine Engineer | 85,500 USD | -13% |
| Materials Engineer | 80,900 USD | -18% |
| Materials Researcher | 81,900 USD | -17% |
| Materials Technician | 65,100 USD | -34% |
| Mechanical and Electrical Engineer | 93,500 USD | -5% |
| Mechanical Design Engineer | 89,800 USD | -9% |
| Mechanical Designer | 78,100 USD | -21% |
| Mechanical Engineer | 94,600 USD | -4% |
| Mechanical Engineering Manager | 121,000 USD | +23% |
| Mechanical Inspector | 82,500 USD | -16% |
| Mechatronics Engineer | 88,600 USD | -10% |
| Mining Engineer | 82,300 USD | -16% |
| Nanotechnology Engineer | 93,800 USD | -5% |
| Natural Language Processing Engineer | 91,900 USD | -7% |
| Oil and Petrochemical Engineer | 98,300 USD | -0% |
| Optical Engineer | 88,300 USD | -10% |
| Optical Instrument Assembler | 44,900 USD | -54% |
| PCB Assembler | 31,900 USD | -68% |
| Photonics Engineer | 96,800 USD | -2% |
| Photonics Technician | 76,800 USD | -22% |
| Pipeline Engineer | 76,300 USD | -22% |
| Piping Designer | 48,600 USD | -51% |
| Piping Engineer | 79,800 USD | -19% |
| Planning Engineer | 86,900 USD | -12% |
| Pressure Vessel Inspector | 39,700 USD | -60% |
| Principal Cost Engineer | 85,800 USD | -13% |
| Principal Engineer | 83,700 USD | -15% |
| Principal Support Engineer | 90,100 USD | -8% |
| Process Engineer | 86,800 USD | -12% |
| Process Operator | 50,900 USD | -48% |
| Product Development Engineer | 88,700 USD | -10% |
| Product Development Technician | 61,500 USD | -37% |
| Product Engineer | 86,200 USD | -12% |
| Product Safety Engineer | 85,700 USD | -13% |
| Production Engineer | 85,400 USD | -13% |
| Project Engineer | 94,200 USD | -4% |
| Proposal Manager | 114,000 USD | +16% |
| Purchasing Engineer | 82,500 USD | -16% |
| Quality Assurance Engineer | 85,800 USD | -13% |
| Rail Engineer | 84,800 USD | -14% |
| Regional Field Engineer | 94,600 USD | -4% |
| Remote Sensing Engineer | 88,300 USD | -10% |
| Robotics Engineer | 93,900 USD | -5% |
| Robotics Technician | 73,100 USD | -26% |
| Safety Engineer | 90,300 USD | -8% |
| Safety Inspector | 70,700 USD | -28% |
| Safety Manager | 105,000 USD | +7% |
| Safety Officer | 43,300 USD | -56% |
| Sales Engineer | 93,100 USD | -5% |
| Scheduling Engineer | 76,300 USD | -22% |
| Security Engineer | 93,100 USD | -5% |
| Service Engineer | 88,700 USD | -10% |
| Smart Home Engineer | 91,700 USD | -7% |
| Solar Engineer | 89,300 USD | -9% |
| Staff Engineer | 88,500 USD | -10% |
| Static Equipment Engineer | 86,700 USD | -12% |
| Stationary Engineer | 80,600 USD | -18% |
| Stress Engineer | 83,900 USD | -15% |
| Structural Analysis Engineer | 86,000 USD | -13% |
| Structural Designer | 79,300 USD | -19% |
| Structural Engineer | 83,700 USD | -15% |
| Structural Technician | 53,200 USD | -46% |
| Subsea Engineer | 108,000 USD | +10% |
| Supply Chain Specialist | 82,600 USD | -16% |
| Surveyor | 65,500 USD | -33% |
| Technical Affairs Officer | 44,100 USD | -55% |
| Technical Assistant | 44,900 USD | -54% |
| Technical Engineer | 73,900 USD | -25% |
| Technical Support Engineer | 77,800 USD | -21% |
| Tender Engineer | 81,400 USD | -17% |
| Test Development Engineer | 82,300 USD | -16% |
| Test Engineer | 88,100 USD | -10% |
| Transportation Engineer | 83,400 USD | -15% |
| Urban Engineer | 88,700 USD | -10% |
| Validation Engineer | 74,600 USD | -24% |
| Verification Engineer | 82,400 USD | -16% |
| Wastewater Engineer | 85,700 USD | -13% |
| Wind Energy Engineer | 89,000 USD | -9% |
| Wind Energy Operations Manager | 113,000 USD | +15% |
| Wireless Engineer | 90,400 USD | -8% |
| Work Planner | 63,300 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 |
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
