As of April 01, 2025, the average annual salary for a Reservoir Engineer IV in Waukegan, IL is $201,589. According to Salary.com, salaries can range from a low of $178,946 to a high of $217,894, with most professionals earning between $189,737 and $210,124.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $213,649 | $17,804 | $4,109 | $103 |
| Average | $204,971 | $17,081 | $3,942 | $99 |
| 25th Percentile | $192,920 | $16,077 | $3,710 | $93 |
An entry-level Reservoir Engineer IV with under 1 year experience makes about $195,398. With less than 2 years of experience, a mid-level Reservoir Engineer IV makes around $196,282. After 2-4 years, the Reservoir Engineer IV pay rises to about $197,167. Those senior Reservoir Engineer IV with 5-8 years of experience earn roughly $200,351, and those Reservoir Engineer IV having 8 years or more experience are expected to earn about $205,028 on average.
| Levels | Salary |
|---|---|
| Entry Level Reservoir Engineer IV | $195,398 |
| Intermediate Level Reservoir Engineer IV | $196,282 |
| Senior Level Reservoir Engineer IV | $197,167 |
| Specialist Level Reservoir Engineer IV | $200,351 |
| Expert Level Reservoir Engineer IV | $205,028 |
| Entry Level | 5% |
| Mid Level | 4% |
| Senior Level | 4% |
| Top Level | 2% |
| Experienced | 0% |
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