A person working as a Petroleum Geologist in Liechtenstein typically earns around 9,190 CHF per month. Salaries range from 4,230 CHF (lowest) to 14,600 CHF (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 salaries in Liechtenstein range from 4,230 CHF per month (minimum salary) to 14,600 CHF per month (maximum salary).
The median salary is 9,930 CHF per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 9,930 CHF while the other half are earning more than 9,930 CHF. 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.
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 6,370 CHF while 75% of them are earning more than 6,370 CHF. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 13,300 CHF while 25% are earning more than 13,300 CHF.
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
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 4,800 CHF per month.
While someone with an experience level between two and five years is expected to earn 6,410 CHF 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 9,470 CHF per month, 48% more than someone with two to five years of experience.
Additionally, Petroleum Geologist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 11,600 CHF per month, 22% 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 12,600 CHF 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 13,600 CHF per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 5,470 CHF per month.
While someone with a Master's Degree gets a salary of 8,590 CHF per month, 57% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 14,400 CHF per month, 68% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Liechtenstein costs anywhere from 26,600 Swiss Franc(s) to 79,700 Swiss Franc(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.
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 Liechtenstein earn 19% more than their female counterparts on average.
Petroleum Geologist(s) in Liechtenstein 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.
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.
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
Listed above are the average annual increase rates for each industry in Liechtenstein 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.
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.
57% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 43% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 2% to 7% of their annual salary.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
The average salary for Petroleum Geologist is 92% more than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.
|Job Title||Average Salary|
|Assistant Yard Manager||4,570 CHF||-50%|
|Associate Analyst||5,220 CHF||-43%|
|Associate Landman||2,190 CHF||-76%|
|Auxiliary Equipment Operator||2,110 CHF||-77%|
|Biomass Plant Technician||2,490 CHF||-73%|
|Biomass Power Plant Manager||7,310 CHF||-20%|
|Chemical Plant Operator||3,870 CHF||-58%|
|Chief Contract Compliance Engineer||5,070 CHF||-45%|
|Completions Engineer||4,900 CHF||-47%|
|Cost Controller||3,560 CHF||-61%|
|Crude Oil Marketing Representative||5,420 CHF||-41%|
|Distribution Manager||7,230 CHF||-21%|
|Dragline Operator||2,370 CHF||-74%|
|Driller Offsider||1,870 CHF||-80%|
|Dump Truck Driver||2,010 CHF||-78%|
|Electric and Gas Operations Manager||11,900 CHF||+29%|
|Energy Advisor||7,730 CHF||-16%|
|Energy Analyst||6,750 CHF||-27%|
|Energy Auditor||6,100 CHF||-34%|
|Energy Dispatch Director||8,290 CHF||-10%|
|Energy Technical Assistant||3,210 CHF||-65%|
|Energy Technical Manager||5,810 CHF||-37%|
|Energy Technical Trainer||4,470 CHF||-51%|
|Exploration Manager||8,610 CHF||-6%|
|Field Safety Auditor||5,750 CHF||-37%|
|Fluids Engineer||5,040 CHF||-45%|
|Fuel Cell Engineer||5,070 CHF||-45%|
|Fuel Cell Technician||2,470 CHF||-73%|
|Fuels Handler||2,350 CHF||-74%|
|Gas Compressor Operator||2,240 CHF||-76%|
|Gas Distribution Plant Operator||4,240 CHF||-54%|
|Gas Supply Manager||7,830 CHF||-15%|
|Geothermal Production Manager||8,700 CHF||-5%|
|Geothermal Technician||3,640 CHF||-60%|
|HSE Engineer||5,220 CHF||-43%|
|HSE Officer||2,940 CHF||-68%|
|HSEQ Administrator||3,540 CHF||-61%|
|Instrument Designer||3,820 CHF||-58%|
|Lead Technical Field Advisor||6,670 CHF||-27%|
|Logistics and Tool Coordinator||4,440 CHF||-52%|
|Maintenance Engineer||5,040 CHF||-45%|
|Maintenance Superintendent||4,500 CHF||-51%|
|Material Controller||3,270 CHF||-64%|
|Mine Engineer||4,720 CHF||-49%|
|Mine Surveyor||5,240 CHF||-43%|
|Mining Project Administrator||4,470 CHF||-51%|
|Mining Project Assistant||3,450 CHF||-62%|
|Mining Project Controls Consultant||5,580 CHF||-39%|
|Mining Project Coordinator||4,600 CHF||-50%|
|Mining Project Engineer||5,000 CHF||-46%|
|Mining Project Manager||6,420 CHF||-30%|
|Mining Site Manager||6,890 CHF||-25%|
|Mining Team Leader||5,410 CHF||-41%|
|NDT Technician||3,150 CHF||-66%|
|Oil Service Unit Operator||2,620 CHF||-71%|
|Oil Trader||6,580 CHF||-28%|
|Oilwell Pumper||1,880 CHF||-80%|
|Petroleum Engineer||5,600 CHF||-39%|
|Petroleum Geologist||9,190 CHF||-0%|
|Petroleum Pump System Operator||2,710 CHF||-71%|
|Pipeline Technician||1,820 CHF||-80%|
|Power Coordinator||2,990 CHF||-67%|
|Power Plant Operations Manager||9,500 CHF||+3%|
|Power Plant Operator||4,170 CHF||-55%|
|Radio Operator||2,120 CHF||-77%|
|Reliability Engineer||4,810 CHF||-48%|
|Reservoir Engineer||4,670 CHF||-49%|
|Risk Analyst||6,050 CHF||-34%|
|Shutdown Engineer||4,270 CHF||-54%|
|Solar Energy Installation Manager||7,460 CHF||-19%|
|Solar Energy Systems Engineer||5,370 CHF||-42%|
|Solar Photovoltaic Installer||3,140 CHF||-66%|
|Solar Thermal Technician||3,060 CHF||-67%|
|Supply Operations Manager||7,870 CHF||-14%|
|Sustainability Specialist||8,050 CHF||-12%|
|System Development Advisor||5,920 CHF||-36%|
|Tanker Truck Driver||1,940 CHF||-79%|
|Utility Operator||2,770 CHF||-70%|
|Wind Energy Project Manager||6,810 CHF||-26%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Liechtenstein earn 14% more than their private sector counterparts on average across all sectors.