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by nostrademons 4779 days ago
Both oil companies and big banks compensate their skilled employees very well. It's not hard to make six-figures straight out of an MS as a petroleum engineer or geologist; you can do $200K/year with 5-10 years experience. And banks, of course, are legendary for their comp structures: you could be doing $80K salary + $160K bonus straight out of college and making half a mil or more 5-10 years out.

It's the roughnecks, construction crews, and bank tellers that don't make big money. Of course, those tend to be the numerical majority of employees because they're relatively cheap.

It's the same thing at Google - engineers can get paid $250K/year, but book scanners get paid $10/hour.

1 comments

Even roughnecks make a fair amount of money in the oil industry. In canada a skilled tradesperson, like a ticketed welder, can easily clear 250k a year. The hours are long, and the work is hard, but it tends to be peicemeal in basis, so you arnt stuck doing it all year long. Also adding to this, as their work is typically all over the map, both living and traveling expenses are typically covered via something like a $100 a day living stipend.