PEG Magazine - Fall 2016

SALARY SURVEY

Geoscience – All Industry Total Compensation (Incl. L ong- T erm I ncentives ) by Responsibility Level

900,000

800,000

700,000

600,000

500,000

400,000

300,000

200,000

100,000

0

A-

A

B

C

D

E

F

F+

Note: Insufficient D25, D50, D75 perentile data for Level A-

Responsibility Level Responsibility Level

When years of experience since graduation is calculated, it is assumed that an individual enters the workforce immediately upon completing his or her last degree. This may not necessarily be the case for all individu- als, but it is considered the norm from a surveying perspective.

Typically, progression to the next respon- sibility level is also dependent on an individual’s years of experience in the workforce. As more in-depth knowledge and specializations are gained over time, an individual’s overall level of contribution and responsibility within a com- pany progresses as well.

The highest average base salary is not necessarily solely related to years of experience. Generally, such salaries are more directly related to level of expertise and specialization, performance, and overall contribution within the employing organization.

42 | PEG FALL 2016

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