I don't have much work experience in the oil industry and unfortunately, I got a job at an unfavorable time. MPC is my first job. Here I saw that someone mentioned that other companies in this industry offer better benefits, while others think that MPC still offers much better benefits than competitors. I wonder because of what specific benefits would it be better to work for another oil company?
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Does MPC pay a flat rate for engineers, regardless of location? Someone said starting for engineers was 80k but I doubt that because I was a process intern getting 37/hour which is like 77k/yr.
correction: marathon starting base is mid (not high) 90s**
i can say with absolute certainty that the mpc salary in tx city location for new hire mech eng is in the mid-high 90s. the target bonus is 15% and 401k match is 7% (for now).
shell provides a higher base but lower target bonus and abysmal 401k match (2.5%).
Exxon provides the highest base salary, identical 401k match (7%) but no bonus.
total comp is comparable. gme to the moon
Marathon does not pay similar to chevron or shell. Your friends don’t exist.
Chevron and Shell start their process / Chem engineers at ~100k base. MPC starts around $80k.
Go ahead and tell me MPC starts out college hires at grade 11 and 12
this is cap. in terms of total comp for a new grad, marathon is on par with the majors. this is coming from an eng at shell, with close friends at marathon and exxon with identical YOE
15% discount to oil industry pay? That’s lowballing it. It’s at least 30%
The difference between starting salary for new grad engineers at BP and MPC is very significant. It results in MPC getting bottom barrel talent and universities take note of that when it comes to recruiting.
Findlay has been an attractive place to try to run a major oil company because of a fairly well known “fact” that local labor can be had for about 15% less than prevailing compensation throughout the industry. This became really evident after acquisition of Markwest and Andeavor, in two significant ways. First, very few people of the acquired companies wanted to come to Findlay. So the cost structure remained high and integration was hampered. Second, the folks in Findlay became enlightened as to real disparities between their compensation and that of colleagues in the acquired companies. The affect on morale in Findlay and outlying legacy MPC employees was significant.
Only people who think MPC has great benefits are those who haven’t worked for other oil companies.
- MPC has lowest starting salary of any oil company (engineer and business roles)
- MPC has lowest bonus % for entry level employees. Apparently the bonus is above industry at the VP level and above only
- MPC does not give 2 personal days per month (flex time, or every other Friday off) like most other oil companies
- Most oil companies pay 6-8% retirement match so that’s standard
- MPC has most of their roles in Ohio, which is a negative for those not from the area