As of March 01, 2025, the average annual salary for a Reservoir Engineer V in Carmel, IN is $244,826. Salary.com reports that pay typically ranges from $226,938 to $263,379, with most professionals earning between $210,652 and $280,272.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $270,966 | $22,581 | $5,211 | $130 |
| Average | $251,878 | $20,990 | $4,844 | $121 |
| 25th Percentile | $233,475 | $19,456 | $4,490 | $112 |
An entry-level Reservoir Engineer V with under 1 year experience makes about $234,601. With less than 2 years of experience, a mid-level Reservoir Engineer V makes around $235,919. After 2-4 years, the Reservoir Engineer V pay rises to about $237,236. Those senior Reservoir Engineer V with 5-8 years of experience earn roughly $239,081, and those Reservoir Engineer V having 8 years or more experience are expected to earn about $243,084 on average.
| Levels | Salary |
|---|---|
| Entry Level Reservoir Engineer V | $234,601 |
| Intermediate Level Reservoir Engineer V | $235,919 |
| Senior Level Reservoir Engineer V | $237,236 |
| Specialist Level Reservoir Engineer V | $239,081 |
| Expert Level Reservoir Engineer V | $243,084 |
| Entry Level | 7% |
| Mid Level | 6% |
| Senior Level | 6% |
| Top Level | 5% |
| Experienced | 3% |
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