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Oil / Gas / Energy / Mining Average Salaries in Armenia 2020

How much money does a person working in Oil / Gas / Energy / Mining make in Armenia?


Average Monthly Salary
698,000 AMD
( 8,370,000 AMD yearly)

LOW
254,000
AMD
AVERAGE
698,000
AMD
HIGH
1,610,000
AMD

A person working in Oil / Gas / Energy / Mining in Armenia typically earns around 698,000 AMD per month. Salaries range from 254,000 AMD (lowest average) to 1,610,000 AMD (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Oil / Gas / Energy / Mining careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Assistant Yard Manager692,000 AMD
Associate Analyst804,000 AMD
Associate Landman338,000 AMD
Auxiliary Equipment Operator311,000 AMD
Biomass Plant Technician348,000 AMD
Biomass Power Plant Manager1,010,000 AMD
Chemical Plant Operator578,000 AMD
Chief Contract Compliance Engineer793,000 AMD
Completions Engineer727,000 AMD
Cost Controller528,000 AMD
Crude Oil Marketing Representative788,000 AMD
Dispatcher316,000 AMD
Distribution Manager1,060,000 AMD
Dragline Operator363,000 AMD
Driller Offsider255,000 AMD
Dump Truck Driver295,000 AMD
Electric and Gas Operations Manager1,620,000 AMD
Energy Advisor1,170,000 AMD
Energy Analyst1,040,000 AMD
Energy Auditor923,000 AMD
Energy Dispatch Director1,240,000 AMD
Energy Technical Assistant466,000 AMD
Energy Technical Manager880,000 AMD
Energy Technical Trainer614,000 AMD
Exploration Manager1,270,000 AMD
Field Safety Auditor839,000 AMD
Fluids Engineer736,000 AMD
Fuel Cell Engineer796,000 AMD
Fuel Cell Technician384,000 AMD
Fuels Handler341,000 AMD
Gas Compressor Operator323,000 AMD
Gas Distribution Plant Operator605,000 AMD
Gas Supply Manager1,130,000 AMD
Geologist1,350,000 AMD
Geophysicist1,370,000 AMD
Geothermal Production Manager1,310,000 AMD
Geothermal Technician491,000 AMD
HSE Engineer704,000 AMD
HSE Officer433,000 AMD
HSEQ Administrator529,000 AMD
Inspector663,000 AMD
Instructor610,000 AMD
Instrument Designer578,000 AMD
Lead Technical Field Advisor943,000 AMD
Logistics and Tool Coordinator651,000 AMD
Maintenance Engineer751,000 AMD
Maintenance Superintendent631,000 AMD
Material Controller479,000 AMD
Mine Engineer732,000 AMD
Mine Surveyor804,000 AMD
Mining Project Administrator637,000 AMD
Mining Project Assistant524,000 AMD
Mining Project Controls Consultant838,000 AMD
Mining Project Coordinator643,000 AMD
Mining Project Engineer736,000 AMD
Mining Project Manager912,000 AMD
Mining Site Manager952,000 AMD
Mining Team Leader755,000 AMD
NDT Technician467,000 AMD
Oil Service Unit Operator384,000 AMD
Oil Trader960,000 AMD
Oilwell Pumper288,000 AMD
Petroleum Engineer 864,000 AMD
Petroleum Geologist1,260,000 AMD
Petroleum Pump System Operator397,000 AMD
Pipeline Technician272,000 AMD
Power Coordinator451,000 AMD
Power Plant Operations Manager1,400,000 AMD
Power Plant Operator623,000 AMD
Radio Operator326,000 AMD
Reliability Engineer690,000 AMD
Reservoir Engineer679,000 AMD
Risk Analyst901,000 AMD
Roughneck784,000 AMD
Scaffolder472,000 AMD
Shutdown Engineer627,000 AMD
Solar Energy Installation Manager1,080,000 AMD
Solar Energy Systems Engineer766,000 AMD
Solar Photovoltaic Installer489,000 AMD
Solar Thermal Technician470,000 AMD
Supply Operations Manager1,240,000 AMD
Sustainability Specialist1,160,000 AMD
System Development Advisor871,000 AMD
Tanker Truck Driver296,000 AMD
Utility Operator411,000 AMD
Wind Energy Project Manager1,020,000 AMD

Oil / Gas / Energy / Mining Jobs Salary Distribution in Armenia

Median and salary distribution monthly Armenia Oil  / Gas / Energy / Mining
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The median, the maximum, the minimum, and the range

  • Salary Range

    Oil / Gas / Energy / Mining salaries in Armenia range from 254,000 AMD per month (minimum average salary) to 1,610,000 AMD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 712,000 AMD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 712,000 AMD while the other half are earning more than 712,000 AMD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Oil / Gas / Energy / Mining are earning less than 434,000 AMD while 75% of them are earning more than 434,000 AMD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 1,190,000 AMD while 25% are earning more than 1,190,000 AMD.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Armenia costs anywhere from 3,880,000 Armenian Dram(s) to 11,600,000 Armenian Dram(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Oil / Gas / Energy / Mining Salary Comparison By Gender

Salary comparison by gender monthly Armenia Oil  / Gas / Energy / Mining
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Armenia who work in Oil / Gas / Energy / Mining earn 9% more than their female counterparts on average.

Male
722,000 AMD
Female-8%
663,000 AMD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Armenia for all Careers

Salary comparison by gender monthly Armenia
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Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Armenia

How much are annual salary increments in Armenia for Oil / Gas / Energy / Mining professionals? How often do employees get salary raises?

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Armenia are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Armenia Oil  / Gas / Energy / Mining
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Armenia / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Armenia is 2%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Listed above are the average annual increase rates for each industry in Armenia for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

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Oil / Gas / Energy / Mining Bonus and Incentive Rates in Armenia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Armenia Oil  / Gas / Energy / Mining
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Oil / Gas / Energy / Mining is considered to be a moderate bonus-based field due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

64% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 36% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
36%
No Bonus
64%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Oil / Gas / Energy / Mining Hourly Average Wage in Armenia


4,030 AMD per hour

The average hourly wage (pay per hour) in Armenia is 4,030 AMD. This means that the average person in Armenia earns approximately 4,030 AMD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Oil / Gas / Energy / Mining VS Other Jobs

Salary Comparison Between Oil  / Gas / Energy / Mining and Oil  / Gas / Energy / Mining monthly Armenia
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The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Yerevan891,000 AMD

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Armenia earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
698,000 AMD
Public Sector+18%
822,000 AMD
Percentage increase and decrease are relative to the previous value

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