Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Geologist Average Salary in Latvia 2022

How much money does a Geologist make in Latvia?

Average Monthly Salary
2,220 LVL
( 26,700 LVL yearly)


A person working as a Geologist in Latvia typically earns around 2,220 LVL per month. Salaries range from 1,160 LVL (lowest) to 3,400 LVL (highest).

This is the average monthly salary including housing, transport, and other benefits. Geologist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Geologist Salary Distribution in Latvia

Median and salary distribution monthly Latvia Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/latvia/oil-gas-energy-mining/geologist/median-and-salary-distribution-monthly-latvia-geologist.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Geologist salaries in Latvia range from 1,160 LVL per month (minimum salary) to 3,400 LVL per month (maximum salary).

  • Median Salary

    The median salary is 2,130 LVL per month, which means that half (50%) of people working as Geologist(s) are earning less than 2,130 LVL while the other half are earning more than 2,130 LVL. 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 Geologist(s) are earning less than 1,480 LVL while 75% of them are earning more than 1,480 LVL. Also from the diagram, 75% of Geologist(s) are earning less than 2,660 LVL while 25% are earning more than 2,660 LVL.

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

Geologist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Latvia Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/latvia/oil-gas-energy-mining/geologist/salary-comparison-by-years-of-experience-monthly-latvia-geologist.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Geologist salaries by experience level and this is what we found.

A Geologist with less than two years of experience makes approximately 1,310 LVL per month.

While someone with an experience level between two and five years is expected to earn 1,760 LVL per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,290 LVL per month, 30% more than someone with two to five years of experience.

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.

Additionally, Geologist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 2,770 LVL per month, 21% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 3,030 LVL per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 3,190 LVL per month, 5% more than people with fifteen to twenty years of experience.

Geologist average salary change by experience in Latvia

0 - 2 Years
1,310 LVL
2 - 5 Years+34%
1,760 LVL
5 - 10 Years+30%
2,290 LVL
10 - 15 Years+21%
2,770 LVL
15 - 20 Years+9%
3,030 LVL
20+ Years+5%
3,190 LVL
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Geologist Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Geologist(s) who have the same experience but different education levels.

Salary comparison by education level monthly Latvia Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/latvia/oil-gas-energy-mining/geologist/salary-comparison-by-education-level-monthly-latvia-geologist.jpg

We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Geologist salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Geologist is 1,690 LVL per month.

While someone with a Master's Degree gets a salary of 2,100 LVL per month, 24% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 3,360 LVL per month, 60% more than someone with a Master's Degree.

Geologist average salary difference by education level in Latvia

Bachelor's Degree
1,690 LVL
Master's Degree+24%
2,100 LVL
3,360 LVL
Percentage increase and decrease are relative to the previous value

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 Latvia costs anywhere from 6,510 Latvian Lats(s) to 19,500 Latvian Lats(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 the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

Geologist Salary Comparison By Gender

Salary comparison by gender monthly Latvia Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/latvia/oil-gas-energy-mining/geologist/salary-comparison-by-gender-monthly-latvia-geologist.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Geologist employees in Latvia earn 5% more than their female counterparts on average.

2,280 LVL
2,170 LVL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Latvia for all Careers

Salary comparison by gender monthly Latvia
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/latvia/salary-comparison-by-gender-monthly-latvia.jpg

Geologist Average Annual Salary Increment Percentage in Latvia

How much are annual salary increments in Latvia for Geologist(s)? How often do employees get salary raises?


Geologist(s) in Latvia are likely to observe a salary increase of approximately 13% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Latvia Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/latvia/oil-gas-energy-mining/geologist/annual-salary-increment-rate-latvia-geologist.jpg

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.

Latvia / 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 Latvia is 5%.

Annual Increment Rate By Industry 2021

Information Technology

Listed above are the average annual increase rates for each industry in Latvia for the year 2021. 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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Geologist Bonus and Incentive Rates in Latvia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Latvia Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/latvia/oil-gas-energy-mining/geologist/annual-salary-bonus-rate-latvia-geologist.jpg

A Geologist is considered to be a moderate bonus-based job 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.

47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Geologist Average Hourly Wage in Latvia

13 LVL per hour

The average hourly wage (pay per hour) in Latvia is 13 LVL. This means that the average Geologist in Latvia earns approximately 13 LVL 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.

Geologist VS Other Jobs

Salary Comparison Between Geologist and Oil  / Gas / Energy / Mining monthly Latvia
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/latvia/oil-gas-energy-mining/geologist/salary-comparison-between-geologist-and-oil-gas-energy-mining-monthly-latvia.jpg

The average salary for Geologist is 90% more than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Yard Manager1,200 LVL-46%
Associate Analyst1,390 LVL-37%
Associate Landman580 LVL-74%
Auxiliary Equipment Operator480 LVL-78%
Biomass Plant Technician620 LVL-72%
Biomass Power Plant Manager1,640 LVL-26%
Chemical Plant Operator980 LVL-56%
Chief Contract Compliance Engineer1,240 LVL-44%
Completions Engineer1,160 LVL-48%
Cost Controller880 LVL-60%
Crude Oil Marketing Representative1,280 LVL-42%
Dispatcher540 LVL-76%
Distribution Manager1,730 LVL-22%
Dragline Operator610 LVL-73%
Driller Offsider450 LVL-80%
Dump Truck Driver460 LVL-79%
Electric and Gas Operations Manager2,860 LVL+29%
Energy Advisor1,900 LVL-14%
Energy Analyst1,820 LVL-18%
Energy Auditor1,480 LVL-33%
Energy Dispatch Director2,190 LVL-1%
Energy Technical Assistant780 LVL-65%
Energy Technical Manager1,520 LVL-32%
Energy Technical Trainer1,020 LVL-54%
Exploration Manager2,050 LVL-8%
Field Safety Auditor1,340 LVL-40%
Fluids Engineer1,200 LVL-46%
Fuel Cell Engineer1,310 LVL-41%
Fuel Cell Technician640 LVL-71%
Fuels Handler560 LVL-75%
Gas Compressor Operator560 LVL-75%
Gas Distribution Plant Operator950 LVL-57%
Gas Supply Manager1,850 LVL-17%
Geologist2,220 LVL-0%
Geophysicist2,150 LVL-3%
Geothermal Production Manager2,040 LVL-8%
Geothermal Technician850 LVL-62%
HSE Engineer1,220 LVL-45%
HSE Officer750 LVL-66%
HSEQ Administrator850 LVL-62%
Inspector1,150 LVL-48%
Instructor960 LVL-57%
Instrument Designer930 LVL-58%
Lead Technical Field Advisor1,550 LVL-30%
Logistics and Tool Coordinator1,020 LVL-54%
Maintenance Engineer1,240 LVL-44%
Maintenance Superintendent1,080 LVL-51%
Material Controller790 LVL-64%
Mine Engineer1,220 LVL-45%
Mine Surveyor1,410 LVL-37%
Mining Project Administrator1,080 LVL-51%
Mining Project Assistant820 LVL-63%
Mining Project Controls Consultant1,330 LVL-40%
Mining Project Coordinator1,060 LVL-52%
Mining Project Engineer1,130 LVL-49%
Mining Project Manager1,580 LVL-29%
Mining Site Manager1,540 LVL-31%
Mining Team Leader1,340 LVL-40%
NDT Technician750 LVL-66%
Oil Service Unit Operator650 LVL-71%
Oil Trader1,530 LVL-31%
Oilwell Pumper480 LVL-78%
Petroleum Engineer 1,360 LVL-39%
Petroleum Geologist2,120 LVL-5%
Petroleum Pump System Operator650 LVL-71%
Pipeline Technician460 LVL-79%
Power Coordinator740 LVL-67%
Power Plant Operations Manager2,400 LVL+8%
Power Plant Operator1,030 LVL-54%
Radio Operator560 LVL-75%
Reliability Engineer1,190 LVL-46%
Reservoir Engineer1,100 LVL-50%
Risk Analyst1,480 LVL-33%
Roughneck1,200 LVL-46%
Scaffolder830 LVL-63%
Shutdown Engineer980 LVL-56%
Solar Energy Installation Manager1,860 LVL-16%
Solar Energy Systems Engineer1,210 LVL-46%
Solar Photovoltaic Installer780 LVL-65%
Solar Thermal Technician750 LVL-66%
Supply Operations Manager2,010 LVL-10%
Sustainability Specialist2,040 LVL-8%
System Development Advisor1,340 LVL-40%
Tanker Truck Driver460 LVL-79%
Utility Operator660 LVL-70%
Wind Energy Project Manager1,740 LVL-22%

Salary Comparison By City

CityAverage Salary
Riga2,400 LVL

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 Latvia earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
1,250 LVL
Public Sector+7%
1,340 LVL
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2022