HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Petroleum Geologist Average Salary in Liberia 2021

How much money does a Petroleum Geologist make in Liberia?


Average Monthly Salary
119,000 LRD
( 1,430,000 LRD yearly)

LOW
58,300
LRD
AVERAGE
119,000
LRD
HIGH
186,000
LRD

A person working as a Petroleum Geologist in Liberia typically earns around 119,000 LRD per month. Salaries range from 58,300 LRD (lowest) to 186,000 LRD (highest).

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

Petroleum Geologist Salary Distribution in Liberia

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

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

  • Salary Range

    Petroleum Geologist salaries in Liberia range from 58,300 LRD per month (minimum salary) to 186,000 LRD per month (maximum salary).

  • Median Salary

    The median salary is 121,000 LRD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 121,000 LRD while the other half are earning more than 121,000 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 Petroleum Geologist(s) are earning less than 80,800 LRD while 75% of them are earning more than 80,800 LRD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 157,000 LRD while 25% are earning more than 157,000 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

Petroleum Geologist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Liberia Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/liberia/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-years-of-experience-monthly-liberia-petroleum-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 Petroleum Geologist salaries by experience level and this is what we found.

A Petroleum Geologist with less than two years of experience makes approximately 69,100 LRD per month.

While someone with an experience level between two and five years is expected to earn 88,800 LRD per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 123,000 LRD per month, 38% 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, Petroleum Geologist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 152,000 LRD per month, 24% 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 163,000 LRD per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 173,000 LRD per month, 7% more than people with fifteen to twenty years of experience.


Petroleum Geologist average salary change by experience in Liberia

0 - 2 Years
69,100 LRD
2 - 5 Years+29%
88,800 LRD
5 - 10 Years+38%
123,000 LRD
10 - 15 Years+24%
152,000 LRD
15 - 20 Years+7%
163,000 LRD
20+ Years+7%
173,000 LRD
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

Petroleum Geologist Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Liberia Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/liberia/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-education-level-monthly-liberia-petroleum-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 Petroleum Geologist salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Petroleum Geologist is 81,200 LRD per month.

While someone with a Master's Degree gets a salary of 112,000 LRD per month, 38% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 183,000 LRD per month, 64% more than someone with a Master's Degree.


Petroleum Geologist average salary difference by education level in Liberia

Bachelor's Degree
81,200 LRD
Master's Degree+38%
112,000 LRD
PhD+64%
183,000 LRD
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 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 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


Petroleum Geologist Salary Comparison By Gender

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

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Petroleum Geologist employees in Liberia earn 13% more than their female counterparts on average.

Male
124,000 LRD
Female-11%
110,000 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/liberia/salary-comparison-by-gender-monthly-liberia.jpg

Petroleum Geologist Average Annual Salary Increment Percentage in Liberia

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

Petroleum Geologist

Petroleum Geologist(s) in Liberia are likely to observe a salary increase of approximately 9% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Liberia Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/liberia/oil-gas-energy-mining/petroleum-geologist/annual-salary-increment-rate-liberia-petroleum-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.

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 2020

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 2020. 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

Petroleum Geologist Bonus and Incentive Rates in Liberia

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

A Petroleum 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.

60% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 40% 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
40%
No Bonus
60%

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.

Petroleum Geologist Average Hourly Wage in Liberia


690 LRD per hour

The average hourly wage (pay per hour) in Liberia is 690 LRD. This means that the average Petroleum Geologist in Liberia earns approximately 690 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.

Petroleum Geologist VS Other Jobs

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

The average salary for Petroleum Geologist is 84% 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 Manager62,200 LRD-48%
Associate Analyst70,000 LRD-41%
Associate Landman29,400 LRD-75%
Auxiliary Equipment Operator27,700 LRD-77%
Biomass Plant Technician34,600 LRD-71%
Biomass Power Plant Manager91,700 LRD-23%
Chemical Plant Operator55,200 LRD-54%
Chief Contract Compliance Engineer67,000 LRD-44%
Completions Engineer65,300 LRD-45%
Cost Controller47,400 LRD-60%
Crude Oil Marketing Representative70,800 LRD-40%
Dispatcher29,800 LRD-75%
Distribution Manager93,100 LRD-22%
Dragline Operator30,700 LRD-74%
Driller Offsider24,600 LRD-79%
Dump Truck Driver25,400 LRD-79%
Electric and Gas Operations Manager156,000 LRD+31%
Energy Advisor98,300 LRD-17%
Energy Analyst96,800 LRD-19%
Energy Auditor87,100 LRD-27%
Energy Dispatch Director120,000 LRD+1%
Energy Technical Assistant39,800 LRD-67%
Energy Technical Manager79,000 LRD-34%
Energy Technical Trainer59,800 LRD-50%
Exploration Manager113,000 LRD-5%
Field Safety Auditor77,700 LRD-35%
Fluids Engineer64,800 LRD-46%
Fuel Cell Engineer72,900 LRD-39%
Fuel Cell Technician35,500 LRD-70%
Fuels Handler30,700 LRD-74%
Gas Compressor Operator28,700 LRD-76%
Gas Distribution Plant Operator54,300 LRD-54%
Gas Supply Manager102,000 LRD-14%
Geologist123,000 LRD+3%
Geophysicist120,000 LRD+1%
Geothermal Production Manager120,000 LRD+1%
Geothermal Technician45,500 LRD-62%
HSE Engineer65,200 LRD-45%
HSE Officer40,500 LRD-66%
HSEQ Administrator45,600 LRD-62%
Inspector60,800 LRD-49%
Instructor53,700 LRD-55%
Instrument Designer54,500 LRD-54%
Lead Technical Field Advisor88,200 LRD-26%
Logistics and Tool Coordinator56,200 LRD-53%
Maintenance Engineer69,500 LRD-42%
Maintenance Superintendent61,500 LRD-48%
Material Controller45,700 LRD-62%
Mine Engineer67,800 LRD-43%
Mine Surveyor75,100 LRD-37%
Mining Project Administrator60,200 LRD-49%
Mining Project Assistant46,200 LRD-61%
Mining Project Controls Consultant74,600 LRD-37%
Mining Project Coordinator60,800 LRD-49%
Mining Project Engineer65,500 LRD-45%
Mining Project Manager83,600 LRD-30%
Mining Site Manager86,300 LRD-27%
Mining Team Leader74,900 LRD-37%
NDT Technician42,000 LRD-65%
Oil Service Unit Operator34,800 LRD-71%
Oil Trader88,900 LRD-25%
Oilwell Pumper24,300 LRD-80%
Petroleum Engineer 73,900 LRD-38%
Petroleum Geologist119,000 LRD+0%
Petroleum Pump System Operator37,900 LRD-68%
Pipeline Technician26,000 LRD-78%
Power Coordinator41,400 LRD-65%
Power Plant Operations Manager135,000 LRD+13%
Power Plant Operator56,600 LRD-52%
Radio Operator28,400 LRD-76%
Reliability Engineer69,200 LRD-42%
Reservoir Engineer61,000 LRD-49%
Risk Analyst83,400 LRD-30%
Roughneck68,400 LRD-42%
Scaffolder45,100 LRD-62%
Shutdown Engineer54,100 LRD-55%
Solar Energy Installation Manager95,700 LRD-20%
Solar Energy Systems Engineer68,800 LRD-42%
Solar Photovoltaic Installer44,400 LRD-63%
Solar Thermal Technician43,100 LRD-64%
Supply Operations Manager106,000 LRD-11%
Sustainability Specialist110,000 LRD-8%
System Development Advisor77,500 LRD-35%
Tanker Truck Driver26,900 LRD-77%
Utility Operator37,000 LRD-69%
Wind Energy Project Manager95,600 LRD-20%

Salary Comparison By City

CityAverage Salary
Monrovia133,000 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

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2021