Median annual earnings of geoscientists were $72,660 in May 2006. The middle 50 percent earned between $51,860 and $100,650; the lowest 10 percent earned less than $39,740, the highest 10 percent more than $135,950.
The petroleum, mineral, and mining industries offer higher salaries, but less job security, than other industries because economic downturns sometimes cause layoffs.
According to the National Association of Colleges and Employers, beginning salary offers in July 2007 for graduates with bachelor’s degrees in geology and related sciences averaged $40,786 a year.
In 2007, the Federal Government’s average salary was $87,392 for geologists, $100,585 for geophysicists, and 93,461 for oceanographers.