A person working as a Petroleum Geologist in Lithuania typically earns around 5,510 LTL per month. Salaries range from 2,700 LTL (lowest) to 8,600 LTL (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 Lithuania range from 2,700 LTL per month (minimum salary) to 8,600 LTL per month (maximum salary).
The median salary is 5,620 LTL per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 5,620 LTL while the other half are earning more than 5,620 LTL. 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 3,740 LTL while 75% of them are earning more than 3,740 LTL. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 7,250 LTL while 25% are earning more than 7,250 LTL.
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 3,200 LTL per month.
While someone with an experience level between two and five years is expected to earn 4,120 LTL 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 5,680 LTL per month, 38% 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 7,030 LTL 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 7,540 LTL 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 8,040 LTL per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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 3,760 LTL per month.
While someone with a Master's Degree gets a salary of 5,180 LTL per month, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 8,480 LTL per month, 64% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Lithuania costs anywhere from 16,400 Lithuanian Litas(s) to 49,100 Lithuanian Litas(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 Lithuania earn 6% more than their female counterparts on average.
Petroleum Geologist(s) in Lithuania 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.
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 Lithuania 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.
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.
45% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 55% 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.
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 87% 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||2,960 LTL||-46%|
|Associate Analyst||3,230 LTL||-41%|
|Associate Landman||1,360 LTL||-75%|
|Auxiliary Equipment Operator||1,200 LTL||-78%|
|Biomass Plant Technician||1,440 LTL||-74%|
|Biomass Power Plant Manager||4,240 LTL||-23%|
|Chemical Plant Operator||2,570 LTL||-53%|
|Chief Contract Compliance Engineer||3,320 LTL||-40%|
|Completions Engineer||3,040 LTL||-45%|
|Cost Controller||2,320 LTL||-58%|
|Crude Oil Marketing Representative||3,230 LTL||-41%|
|Distribution Manager||4,140 LTL||-25%|
|Dragline Operator||1,420 LTL||-74%|
|Driller Offsider||1,110 LTL||-80%|
|Dump Truck Driver||1,160 LTL||-79%|
|Electric and Gas Operations Manager||7,070 LTL||+28%|
|Energy Advisor||4,670 LTL||-15%|
|Energy Analyst||4,250 LTL||-23%|
|Energy Auditor||3,840 LTL||-30%|
|Energy Dispatch Director||5,450 LTL||-1%|
|Energy Technical Assistant||1,870 LTL||-66%|
|Energy Technical Manager||3,760 LTL||-32%|
|Energy Technical Trainer||2,630 LTL||-52%|
|Exploration Manager||5,130 LTL||-7%|
|Field Safety Auditor||3,370 LTL||-39%|
|Fluids Engineer||2,880 LTL||-48%|
|Fuel Cell Engineer||3,350 LTL||-39%|
|Fuel Cell Technician||1,480 LTL||-73%|
|Fuels Handler||1,400 LTL||-75%|
|Gas Compressor Operator||1,350 LTL||-76%|
|Gas Distribution Plant Operator||2,560 LTL||-54%|
|Gas Supply Manager||4,680 LTL||-15%|
|Geothermal Production Manager||5,300 LTL||-4%|
|Geothermal Technician||2,220 LTL||-60%|
|HSE Engineer||3,190 LTL||-42%|
|HSE Officer||1,800 LTL||-67%|
|HSEQ Administrator||2,230 LTL||-60%|
|Instrument Designer||2,400 LTL||-56%|
|Lead Technical Field Advisor||4,150 LTL||-25%|
|Logistics and Tool Coordinator||2,560 LTL||-54%|
|Maintenance Engineer||3,230 LTL||-41%|
|Maintenance Superintendent||2,620 LTL||-52%|
|Material Controller||1,980 LTL||-64%|
|Mine Engineer||2,820 LTL||-49%|
|Mine Surveyor||3,300 LTL||-40%|
|Mining Project Administrator||2,760 LTL||-50%|
|Mining Project Assistant||2,140 LTL||-61%|
|Mining Project Controls Consultant||3,460 LTL||-37%|
|Mining Project Coordinator||2,600 LTL||-53%|
|Mining Project Engineer||2,830 LTL||-49%|
|Mining Project Manager||4,030 LTL||-27%|
|Mining Site Manager||3,990 LTL||-28%|
|Mining Team Leader||3,130 LTL||-43%|
|NDT Technician||1,950 LTL||-65%|
|Oil Service Unit Operator||1,550 LTL||-72%|
|Oil Trader||3,860 LTL||-30%|
|Oilwell Pumper||1,120 LTL||-80%|
|Petroleum Engineer||3,320 LTL||-40%|
|Petroleum Geologist||5,510 LTL||-0%|
|Petroleum Pump System Operator||1,640 LTL||-70%|
|Pipeline Technician||1,210 LTL||-78%|
|Power Coordinator||1,920 LTL||-65%|
|Power Plant Operations Manager||5,700 LTL||+3%|
|Power Plant Operator||2,570 LTL||-53%|
|Radio Operator||1,310 LTL||-76%|
|Reliability Engineer||3,020 LTL||-45%|
|Reservoir Engineer||2,780 LTL||-50%|
|Risk Analyst||3,880 LTL||-30%|
|Shutdown Engineer||2,460 LTL||-55%|
|Solar Energy Installation Manager||4,490 LTL||-19%|
|Solar Energy Systems Engineer||3,240 LTL||-41%|
|Solar Photovoltaic Installer||2,090 LTL||-62%|
|Solar Thermal Technician||1,840 LTL||-67%|
|Supply Operations Manager||5,110 LTL||-7%|
|Sustainability Specialist||4,930 LTL||-11%|
|System Development Advisor||3,350 LTL||-39%|
|Tanker Truck Driver||1,180 LTL||-79%|
|Utility Operator||1,720 LTL||-69%|
|Wind Energy Project Manager||4,330 LTL||-21%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Lithuania earn 7% more than their private sector counterparts on average across all sectors.