Oil and Gas engineers found to have highest salary in industry survey, yet 29% are not satisfied

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7th April 2021 14:17 - Oil and Gas

Oil and Gas engineers found to have best salary in industry survey: A survey of engineers working across a range of sectors has found that Oil and Gas professionals have the highest salary – however, they are also one of the least satisfied with how much they earn.

The findings are from The Engineer’s latest salary survey, which revealed that salaries overall have risen by an average of 10% since 2019.

The research polled 845 engineers working across 12 sectors, asking questions about salaries as well as job satisfaction and likelihood of staying with a current employer.

Oil and Gas engineers earned an average of salary of £75,366, the survey found, followed by Energy / Renewables and Nuclear with an average salary of £65,932. Telecoms / Utilities / Electronics engineers were in third (£58,412), followed by Automotive (£57,639) and Rail / Civil & Structural (£56,965). The lowest paid sectors on average were Materials (£36,940), Aerospace (£52,129) and Defence & Security / Marine (£52,330).

Satisfaction Scores

Despite earning the top salary by almost a £10,000 margin, Oil and Gas engineers gave one of the lowest satisfaction scores for their salary (29%), on a par with Materials (29%) and marginally higher than Academia (28%) at the bottom of the table. Those who were most satisfied could be found in Energy/Renweables and Nuclear (66%) and Food and Drink / Consumer Goods (51%).

Job satisfaction

Looking at how happy Oil and Gas engineers are in their current role, the survey found that just over half (55%) are content, which made them one of the least satisfied sectors; only Aerospace (52%) and Defence and Security engineers (54%) were found to be less happy. The most satisfied engineers in terms of current job happiness were those from Energy and Renewables (68%), Food & Drink / Consumer Goods (67%) and in Academia (64%).

When asked if they expect to be in their current job within the next five years, 84% of Oil and Gas engineers polled said they expect to be.  The survey also found that of all the sectors, Oil and Gas engineers were most likely to be considering a change of job (29%), followed by Food & Drink engineers (32%) and those in Energy/Renewables/Nuclear (33%). When it comes to feeling valued in their role, 45% of Oil and Gas Engineers said they do, one of the lower scores for this question.

SECTOR

AVERAGE SALARY (£)

Salary

SATISFACTION (%)

Happy in current job (%)

Feel valued (%)

Considering change of job (%)

Academia

56,692

28%

64

50

46

Aerospace

52,129

46%

52

45

38

Automotive

57,639

49%

57

49

47

Chemicals & Pharma, Medical

55,985

41%

56

55

48

Defence & Security / Marine

52,330

49%

54

41

34

Energy / Renewable / Nuclear

65,932

66%

68

60

33

Food & Drink / Consumer Goods

56,167

51%

67

58

32

Materials

36,940

29%

57

43

60

Manufacturing

54,059

35%

60

45

37

Oil & Gas

75,366

29%

55

45

29

Rail / Civil & Structural

56,965

48%

60

30

44

Telecoms / Utilities / Electronics

58,412

33%

55

47

43



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