Your Questions About Petroleum Engineering Salary In Houston
Is it possible to live a “fairly” rich life with a 100k salary in USA ?(I am Single)?
I am almost 27 & planning to settle in Houston Texas
Salary-105k but expect to earn more as i gain experience(I have only 2yrs of work exp)
from Indian orgin
No bank debts
Savings- 100k & owns a 240k house in India
I want to buy a small house(with 2 bedrooms) & a decent/semi luxury car
I am a kinda party animal & love to have fun but want to know whether the money i have is enough
Brad Perry answers:
100 is not a bad living in Houston TX, especially since you’re young. Because of that, I would suggest that you forego the ‘fairly’ rich lifestyle and put the money away. Don’t be tempted by the fact that you could afford to spend a lot. INVEST! If you invest properly now, you can actually live the ‘fairly rich’ life later.
Why are engineers in America so underpaid if the demand for them is so high?
I’m a Tulane student who’s double-majoring in History and Physics, and my parents suggested I study an Engineering field because that’s where the demand is the highest…
And they’re right, Engineering demand IS really high! Especially where I grew up (Houston) because of all the chemical and petroleum companies…
Yet when I look at the starting salaries, they’re only about $50K…if the demand for engineers is so desperate, why such comparatively low pay?
I might as well get an MBA and make three times as much for a lot less effort and better work conditions…
Brad Perry answers:
Having been an engineer for about 10 years now I would say it mostly has to do with priorities. People are not willing to spend money on things that they don’t think about every day. For example I work mainly with sewer planning and design. Most people don’t think much about the importance of sewers but if they didn’t have them it would make a big difference in their lives. This lack of caring gets translated into where people and governments are willing to put their money. If people are not interested in investing in infrastructure then the salaries for engineers who do that kind of work will not be very high.
That being said I started in the business about 10 years ago making a little more than 40k and now I make twice that so their is opportunity to increase your salary. The starting salary also has a lot to do with where you live. I live in a fairly inexpensive city so 40k is reasonable. If you are in a big city (NY, LA) it would not be sufficient.
It is the same as with teachers (probably one of the most important professions) they are chronically underpaid.
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