How much demand is there for Geologists?

[Derek Francis]

1) The BLS states that there is above average growth for the field. Are there any asterisks or caveats to be aware of?

2) Is a Master's Degree required to have real job prospects in the field?

3) Are options extremely limited if one does not want to work for an oil company?

 

[Simon Bridge]

Hard to find up to data data - and it depends where you are expecting to look for work.
If you are starting out - then it is very hard to predict what the market will be like 3-5 years down the track, it can change dramatically in just a couple of years.
Most reports for 2015 seem to be predicting a downturn in geology positions.
Generally it is your grades, and your other experience, that give you the best prospects: you need to look like you specifically studied for the job you are applying for to get the best chance. A BS- with relevant experience can expect to do better than an MS- without (ceteris paribus).

http://geology.com/articles/geologist-salary.shtml
http://www.americangeosciences.org/sites/default/files/StatusRecentGeoGraduates_2013.pdf