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

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


Average Monthly Salary
64,600 LRD
( 776,000 LRD yearly)

LOW
23,500
LRD
AVERAGE
64,600
LRD
HIGH
150,000
LRD

A person working in Oil / Gas / Energy / Mining in Liberia typically earns around 64,600 LRD per month. Salaries range from 23,500 LRD (lowest average) to 150,000 LRD (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 Manager62,200 LRD
Associate Analyst70,000 LRD
Associate Landman29,400 LRD
Auxiliary Equipment Operator27,700 LRD
Biomass Plant Technician34,600 LRD
Biomass Power Plant Manager91,700 LRD
Chemical Plant Operator55,200 LRD
Chief Contract Compliance Engineer67,000 LRD
Completions Engineer65,300 LRD
Cost Controller47,400 LRD
Crude Oil Marketing Representative70,800 LRD
Dispatcher29,800 LRD
Distribution Manager93,100 LRD
Dragline Operator30,700 LRD
Driller Offsider24,600 LRD
Dump Truck Driver25,400 LRD
Electric and Gas Operations Manager156,000 LRD
Energy Advisor98,300 LRD
Energy Analyst96,800 LRD
Energy Auditor87,100 LRD
Energy Dispatch Director120,000 LRD
Energy Technical Assistant39,800 LRD
Energy Technical Manager79,000 LRD
Energy Technical Trainer59,800 LRD
Exploration Manager113,000 LRD
Field Safety Auditor77,700 LRD
Fluids Engineer64,800 LRD
Fuel Cell Engineer72,900 LRD
Fuel Cell Technician35,500 LRD
Fuels Handler30,700 LRD
Gas Compressor Operator28,700 LRD
Gas Distribution Plant Operator54,300 LRD
Gas Supply Manager102,000 LRD
Geologist123,000 LRD
Geophysicist120,000 LRD
Geothermal Production Manager120,000 LRD
Geothermal Technician45,500 LRD
HSE Engineer65,200 LRD
HSE Officer40,500 LRD
HSEQ Administrator45,600 LRD
Inspector60,800 LRD
Instructor53,700 LRD
Instrument Designer54,500 LRD
Lead Technical Field Advisor88,200 LRD
Logistics and Tool Coordinator56,200 LRD
Maintenance Engineer69,500 LRD
Maintenance Superintendent61,500 LRD
Material Controller45,700 LRD
Mine Engineer67,800 LRD
Mine Surveyor75,100 LRD
Mining Project Administrator60,200 LRD
Mining Project Assistant46,200 LRD
Mining Project Controls Consultant74,600 LRD
Mining Project Coordinator60,800 LRD
Mining Project Engineer65,500 LRD
Mining Project Manager83,600 LRD
Mining Site Manager86,300 LRD
Mining Team Leader74,900 LRD
NDT Technician42,000 LRD
Oil Service Unit Operator34,800 LRD
Oil Trader88,900 LRD
Oilwell Pumper24,300 LRD
Petroleum Engineer 73,900 LRD
Petroleum Geologist119,000 LRD
Petroleum Pump System Operator37,900 LRD
Pipeline Technician26,000 LRD
Power Coordinator41,400 LRD
Power Plant Operations Manager135,000 LRD
Power Plant Operator56,600 LRD
Radio Operator28,400 LRD
Reliability Engineer69,200 LRD
Reservoir Engineer61,000 LRD
Risk Analyst83,400 LRD
Roughneck68,400 LRD
Scaffolder45,100 LRD
Shutdown Engineer54,100 LRD
Solar Energy Installation Manager95,700 LRD
Solar Energy Systems Engineer68,800 LRD
Solar Photovoltaic Installer44,400 LRD
Solar Thermal Technician43,100 LRD
Supply Operations Manager106,000 LRD
Sustainability Specialist110,000 LRD
System Development Advisor77,500 LRD
Tanker Truck Driver26,900 LRD
Utility Operator37,000 LRD
Wind Energy Project Manager95,600 LRD

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

Median and salary distribution monthly Liberia 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 Liberia range from 23,500 LRD per month (minimum average salary) to 150,000 LRD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 62,100 LRD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 62,100 LRD while the other half are earning more than 62,100 LRD. 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 38,500 LRD while 75% of them are earning more than 38,500 LRD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 102,000 LRD while 25% are earning more than 102,000 LRD.


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 Liberia costs anywhere from 359,000 Liberian Dollar(s) to 1,080,000 Liberian Dollar(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 Liberia 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 Liberia who work in Oil / Gas / Energy / Mining earn 12% more than their female counterparts on average.

Male
69,300 LRD
Female-11%
61,700 LRD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Liberia for all Careers

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

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

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Liberia 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 Liberia 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.

Liberia / 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 Liberia is 2%.

Annual Increment Rate By Industry 2019

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in Liberia 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 Liberia

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Liberia 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.

67% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 33% 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
33%
No Bonus
67%

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 Liberia


370 LRD per hour

The average hourly wage (pay per hour) in Liberia is 370 LRD. This means that the average person in Liberia earns approximately 370 LRD 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 Liberia
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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
Monrovia73,200 LRD

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 Liberia earn 21% more than their private sector counterparts on average across all sectors.

Private Sector
65,300 LRD
Public Sector+21%
79,000 LRD
Percentage increase and decrease are relative to the previous value

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