Image courtesy of the US Bureau of Labor Statistics.

This year petroleum engineers saw the biggest increase in their median annual salary since 2011, said the American Geosciences Institute (AGI).

AGI’s report said the median salary for petroleum engineers jumped by more than $10,000 in the last three years as demand for skilled workers in the oil and gas industries climbs.

Last year the median average salary was $132,000.

According to the US Bureau of Labor Statistics, the annual mean salary for all occupations in 2013 was $46,440.

“The geosciences continue to be a lucrative employment option within the current workforce,” AGI said in the report.

On Monday, ABC News ranked petroleum engineering among the top ten jobs and top ten degrees of 2014.

Petroleum engineers also have the highest starting salary of all engineering categories. Average starting pay is $89,000 and the average mid-career salary is $159,000, USA Today said.

According to the Bureau of Labor Statistics, 34,910 people were employed as petroleum engineers in 2013 with a mean hourly wage of $71.72.

Jobs for petroleum engineers grew by 26 percent from 2011 to 2012, or “must faster than average,” according to the Bureau of Labor Statistics’s Occupational Outlook Handbook.


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