When oil prices rise can petro engineers be far behind?

Although most petroleum engineers may not look like athletes, there are some who think they may need to start thinking like them. “I tell these kids as freshmen (that) by the time they get out of here, they’re going to need an agent to negotiate their contracts,” said Tim Taylor, a professor in charge of recruiting and placement in the Department of Petroleum and Geosystems Engineering at the University of Texas.

High oil prices and surging demand for the engineers needed to find it have propelled petroleum engineering salaries to levels seldom seen for students with a four-year degree: annual salaries currently start at $75,000, plus a $20,000 signing bonus.

Financial Express