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Hi ravi,
Despite the fact that petroleum engineering is an attractive and high paying career option, not much information is available on it. Typically, a petroleum engineering graduate is given the job to discover natural sources of oil and examine the same. Similarly, developing the latest machines and equipments which can be used in the extraction and processing of oil is part of the job of a petroleum engineer. Petroleum engineers have global career and are hired by global oil companies.Asking the question to self might answer whether you are right in selecting petroleum engineering as your career. Before opting for a career in petroleum engineering analyse yourself, your interests, long term goals, affordability of staying in foreign lands and many other related issues. Considering your decision you will be required to study and complete your education so that you are eligible to do a course in petroleum engineering.Doing a course in petroleum engineering is expensive. One reason for high fee structure may be because the course requires lots of experiments and equipments. BTech or BE in Petroleum Engineering can cost between Rs 6 to Rs 8 lakhs. Similarly, MTech in petroleum engineering can cost more than Rs 3 lakhs.Career prospects are quite attractive in petroleum sector as petroleum companies have great influence and offer attractive salaries to employees. The demand for petroleum and petroleum products is only expected to increase and the increase would lead to creation of new jobs. In fact, there is great demand of efficient petroleum engineers and almost every young graduate in petroleum engineering gets a job offer from petrol and gas companies from India and overseas.
Whereas private petroleum companies offer attractive salaries to petroleum engineers, government sector oil companies are not far behind in terms of paying attractive salaries and bonuses to employees.As in every other industry, remuneration in petroleum engineering is determined according to the knowledge, skills, qualification, capabilities and experience of the candidate. Moreover, if the candidate is from top notch engineering college he may get a job which can pay salary between Rs 25,000 and Rs 30,000 per month. People working in petroleum producing MNCs get median annual salary of around $100, 000.