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How much do contract graduate petroleum engineering jobs pay per year?

As of Jul 13, 2026, the average yearly pay for contract graduate petroleum engineering in the United States is $80,025.00, according to ZipRecruiter salary data. Most workers in this role earn between $44,000.00 and $114,000.00 per year, depending on experience, location, and employer.

What is the difference between Contract Graduate Petroleum Engineering vs Contract Junior Petroleum Engineer?

AspectContract Graduate Petroleum EngineeringContract Junior Petroleum Engineer
QualificationsRecent petroleum engineering degree, possibly some internshipsEntry-level petroleum engineering role, may require some work experience
Work EnvironmentTraining-focused, supervised projects, learning-orientedHands-on engineering tasks, project support, fieldwork
Employer UsageOil & gas companies, consulting firms, contractorsOil & gas companies, service providers, contractors

Contract Graduate Petroleum Engineering positions are designed for recent graduates gaining industry experience, focusing on training and development. Contract Junior Petroleum Engineer roles are for entry-level engineers actively working on projects. Both roles often overlap in qualifications and work environment, but the graduate position emphasizes learning, while the junior role involves more direct engineering tasks.

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What cities are hiring for Contract Graduate Petroleum Engineering jobs? Cities with the most Contract Graduate Petroleum Engineering job openings:
What are the most commonly searched types of Graduate Petroleum Engineering jobs? The most popular types of Graduate Petroleum Engineering jobs are:
What states have the most Contract Graduate Petroleum Engineering jobs? States with the most job openings for Contract Graduate Petroleum Engineering jobs include:
What job categories do people searching Contract Graduate Petroleum Engineering jobs look for? The top searched job categories for Contract Graduate Petroleum Engineering jobs are:
Contract Graduate Petroleum Engineering jobs near you
Infographic showing various Contract Graduate Petroleum Engineering job openings in the United States as of July 2026, with employment types broken down into 1% As Needed, 62% Full Time, 19% Part Time, 1% Temporary, and 17% Contract. Highlights an 80% Physical, 2% Hybrid, and 18% Remote job distribution, with an average salary of $80,025 per year, or $38.5 per hour.
Graduate Acquisitions & Divestitures Engineer - Houston, Texas

Graduate Acquisitions & Divestitures Engineer - Houston, Texas

Morgan Stanley

Houston, TX • On-site

Full-time

Re-posted 24 days ago

Morgan Stanley rating

8.3

Company rating: 8.3 out of 10

Based on 154 frontline employees who took The Breakroom Quiz

40th of 148 rated financial services

Job description

Our Houston office is looking fora Graduate Petroleum Engineerto join theOil & Gas TechnicalTeam (A&D). Theposition will be joining a team comprised of petroleum engineering, geoscience and GIS expertise.

Position:

-Morgan Stanley's Houston-based Energy Investment Banking office

-Graduate Petroleum Engineer on the Oil and Gas Technical Team (A&D);team comprised of petroleum engineering, geoscience and GIS expertise

- Opportunity to work on material transactions in the Oil & Gas industry

Qualifications:

Education:

-Engineering Degree Required

oChemical Engineering / Computer Science or Software Engineering degrees strongly preferred

oPetroleum, Mechanical, or Electrical may be considered

-Superior academic achievement (>3.6 GPA on a 4.0 scale)

Experience:

-1-2years relevant work experience preferred (Reservoir/Petroleum Engineer)

oWill consider 0 years for right candidate

-Must show a strong interest in Upstream Oil & Gas asset valuation

Skills and abilities (Required):

-Strong quantitative and analytical skills

-Advanced oral and written communication skills

-Ability to work independently while functioning as part of a team

-Strong attention to detail and the ability to work in high pressure settings with tight deadlines

-Microsoft Excel and PowerPoint advanced user

-Software coding experience (VBA Macro Development, Python or SQL)

-Basic understanding of database design and functionality (Microsoft Access)

Preferred:

-Decline Curve Analysis, SEC Reserve Definitions

-Experience with Enverus (DrillingInfo), Enerdeq, ARIES, PHDWin, Tableau, Spotfire

-Basic understanding of Petroleum Geology

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

At Morgan Stanley, we raise, manage and allocate capital for our clients - helping them reach their goals. We do it in a way that's differentiated - and we've done that for 90 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren't just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you'll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There's also ample opportunity to move about the business for those who show passion and grit in their work.

To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

Our workforce reflects a broad cross-section of the global communities in which we operate, bringing a variety of backgrounds, talents, perspectives, and experiences.

For more information, please visit: https://www.morganstanley.com/people-opportunities/eeo.

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