SPE Members Report Average Salary by aus20718

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									 2006 SALARY SURVEY


SPE Members Report Average Salary
Increase of 10%

SPE members’ salaries have risen an average of 10% this
year, according to a survey conducted by the Gallup                       How the Survey Was Conducted
Organization for SPE. Worldwide, respondents reported
an average income of U.S. $108,742 (Table 1, Fig. 1).                     The SPE Salary Survey provides information to help
Respondents reported that they earned an additional
                                                                          SPE members compare compensation throughout
$157,754 in bonuses, housing, and retirement funds, and
42% reported having a car or car allowance.                               the world. For the 2006 survey, SPE collected sal-
   Respondents from the U.S. and the North Sea/Africa                     ary information worldwide using a statistically valid
region reported the highest average incomes: $122,570                     sampling of the Society’s membership.
and $115,355, respectively. South America and Caribbean                      The Gallup Organization collected confidential
members reported the lowest average incomes ($89,575)                     salary information on behalf of SPE. Gallup used
as was the case in 2004, the last time the survey was                     an e-mail invitation to contact members in 51
conducted. North Sea/Africa respondents reported the
                                                                          countries. These results include responses from
highest average additional income of $766,781 (including
bonuses, housing, and pension plans). Respondents from                    1,565 members in the U.S. and 1,186 members
South, Central, and East Europe and North Sea/Africa                      from other countries.
were by far the most likely to have pursued education                        Respondents who were semiretired, retired, or
beyond a bachelor’s degree: 68% and 67%, respectively.                    unemployed were excluded. As in the previous
Of the different regions examined, respondents in Canada                  study, individuals reporting annual salaries of less
were the least likely to have additional education (30%).                 than U.S. $24,000 or more than $250,000 also
Respondents from the Middle East and South, Central,                      were excluded. All salary and income figures were
and East Europe were the most likely to have a car or car
allowance, while fewer in Canada and the U.S. had a car                   reported in U.S. dollars. Results were broken into
or car allowance.                                                         regions according to the Society’s regional clas-
   Citizenship also had an impact on salary (Table 2). There              sifications.
was a significant difference in salary between those who


                                             TABLE 1—RESULTS BY COUNTRY AND REGION
                                                                                          North                                    South,
                                                     Total       U.S.     Asia Pacific    Sea/              S. America/   Middle Central, and
                                                                                          Africa   Canada   Caribbean      East East Europe

 Average salary                                     $108,742   $122,570    $107,469 $115,355 $102,299        $89,575      $110,93 $112,989
 Average additional income                          $157,754   $59,761      $46,465      $766,781 $50,113    $43,497      $61,395   $76,268
 Average reported salary increase                     10%        9%          12%          10%       9%         11%         10%       10%
 % With car/car allowance                             42%        24%         43%          46%       25%        47%         54%       58%
 Average age                                          42         45           41           42        40         41          45        43
 Average years of experience                          16.5       17.5         17           17        15        16.5         16        17
 % With education beyond bachelor’s degree            46%        35%         41%          67%       30%        63%         50%       68%
 % Citizens                                           55%        89%         50%          66%       88%        56%         13%       21%
 % Male                                               93%        91%         94%          94%       91%        93%         95%       94%


 Average citizen income                             $83,640    $124,563     $84,355      $89,138 $103,079    $60,268      $80,682   $43,391
 Average citizen years of experience                  16.5       22           15           17        16         14          17        15
 Average noncitizen income                          $118,839   $106,739    $130,583 $124,517 $96,451         $126,527     $115,50 $131,549
                                                                                                                            8
 Average noncitizen years of experience               17.5       13           20           16        14         19          21        20


38                                                                                                                   JPT • NOVEMBER 2006
2006 SALARY SURVEY




                                                                                                                     70
                                                                                             izens earned more than




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                                                                                                        55


                                                                                                                 22
                                                                                             $17,000 over nonciti-




                                                                                        89



                                                                                                      ,3


                                                                                                               $1
                                                                         31
 $125,000




                                                                                      ,9



                                                                                                    15
                      42




                                                           69



                                                                      ,9
                                                                                             zens. On the other hand,




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                                                                                                  $1
                   ,7




                                                                    10
                                                        ,4
                                             99




                                                                                  $1
                 08




                                                      07



                                                                  $1
 $115,000                                                                                    in South, Central, and




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               $1




                                                    $1
                                         02
                                                                                             East Europe, noncitizens



                                       $1
 $105,000
                                  5                                                          reported approximately
                                57
                               9,
  $95,000
                             $8


                                                                                             $88,158 more in salary
  $85,000                                                                                    than citizens.
                                                                                               Not surprisingly, aver-
  $75,000
                                                                                             age income increased
  $65,000                                                                                    with years of work expe-
  $55,000                                                                                    rience (Fig. 2). This pat-
                                                                                             tern held true for all of
  $45,000                                                                                    the geographic groups
  $35,000                                                                                    studied except South,
                                                                                             Central, and East Europe.
  $25,000
                                                                                             Members in South,
  $15,000                                                                                    Central, and East Europe
   $5,000                                                                                    did not show a similar
                                                                                             pattern of increase at the
  -$5,000    Total   S. America   Canada Asia Pacific Middle East   South,     North Sea  US highest experience cate-
                    and Caribbean                                 Central, and and Africa
                                                                  East Europe
                                                                                             gory. U.S. and North Sea/
                                                                                             Africa members earned
Fig. 1—Results by country and region.
                                                                                             more than members in
                                                                                             other countries in almost
were citizens ($83,640) and those who were noncitizens all experience categories. In North Sea/Africa, the aver-
($118,839). In 2004, there was no significant difference age salary increased steadily with years of experience.
between citizens’ and noncitizens’ income. In the U.S., cit- In other regions, average salaries tend to level off after

                                TABLE 2—AVERAGE SALARY ACCORDING TO CITIZENSHIP

                                                    U.S.                      Asia Pacific                    N. Sea/Africa                    Canada
                                          Citizen      Noncitizen       Citizen       Noncitizen         Citizen        Noncitizen      Citizen     Noncitizen

  Average salary                         $124,563       $106,739        $84,355        $130,583         $89,138         $124,518 $103,079            $96,451
  Average additional income               $62,775       $59,761         $29,494        $63,437          $28,521         $1,459,551 $52,527           $32,005
  % With car/car allowance                 25%             17%             39%           47%                 53%           40%           25%           23%
  Average reported salary increase          9%             9%              13%           11%                 17%           12%           9%             9%
  Average years of experience               22             13                15              20              17.5          16.5           16              14
  % With education beyond bachelorís       31%             69%             37%           45%                 59%          62.5%          25%           65%
    degree
                                                                                                                                   South, Central,
                                        South America and Caribbean                          Middle East                          and East Europe
                                            Citizen             Noncitizen            Citizen            Noncitizen           Citizen             Noncitizen

  Average salary                            $60,269             $126,527             $80,681                 $115,508         $43,391             $131,549
  Average additional income                 $21,111              $71,722             $36,506                 $65,161          $20,762              $91,070
  % With car/car allowance                   35%                  63%                  48%                     55%                25%               67%
  Average reported salary increase           13%                   8%                   7%                     10%                17%                9%
  Average years of experience                 14                   19                   17                     21                 15                 20
  % With education beyond bachelorís         76%                  48%                  22%                     54%             100%                 60%
    degree


40                                                                                                                                   JPT • NOVEMBER 2006
2006 SALARY SURVEY




                         Asia Pacific                   Canada
                         Middle East                    N. Sea and Africa                            Engineer                 Management                 R&D
                         S. America and Caribbean       South, Central, and                          Sales and Marketing      Earth Science
                         U.S.                           East Europe
$160,000
                                                                                $170,000
$150,000
                                                                                $160,000
$140,000
                                                                                $150,000
$130,000
                                                                                $140,000
$120,000
                                                                                $130,000
$110,000
                                                                                $120,000
$100,000
                                                                                $110,000
 $90,000                                                                        $100,000

 $80,000                                                                         $90,000

 $70,000                                                                         $80,000

 $60,000                                                                         $70,000

 $50,000                                                                         $60,000

 $40,000                                                                         $50,000
           0 to 10   11 to 15         16 to 20        21 to 25            26+              0 to 10         11 to 15          16 to 20         21 to 25         26+

                                Years of Experience                                                                   Years of Experience


                                                                                Fig. 3—Salary according to work experience and job
 Fig. 2—Salary according to years of work experience.                           description.

                                                                                                             20 years of experience. Asia Pacific
                                                                                                             and South America and Caribbean
                                                                                                             countries showed significant increase
                                                                                                             in salaries after 16 years’ experience.
                                                                                                             Income levels of South America and
                                                                                                             Caribbean members fell dramatically
                                                                                                             after 21 to 25 years’ experience.
                                                                                                                Members also were asked to classify
                                                                                                             their job descriptions into one of eight
                                                                                                             categories (Fig. 3). Five of the job
                                                                                                             description categories (Engineering,
                                                                                                             Management, Research and Develop-
                                                                                                             ment, Sales and Marketing, and
                                                                                                             Earth Science and Geology) had
                                                                                                             large enough sample sizes to examine
                                                                                                             trends according to years of experi-
                                                                                                             ence. Management had the highest
                                                                                                             average salary for 0 to 10 years of
                                                                                                             experience ($97,991). Earth Science
                                                                                                             and Geology respondents had the low-
                                                                                                             est average salary ($68,576) for the
                                                                                                             first 10 years. Managers also earned
                                                                                                             higher salaries than the other groups
                                                                                                             over all years of experience. Research
                                                                                                             and Development shows the slowest
                                                                                                             growth in salaries across all years of
                                                                                                             work experience. Engineering profes-
                                                                                                             sionals see a flattening in salary after
                                                                                                             20 years of experience. Salaries for
                                                                                                             Earth Science and Geology and Sales
                                                                                                             and Marketing dipped after 21 to 25
                                                                                                             years of experience.               JPT




42                                                                                                                                      JPT • NOVEMBER 2006

								
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