A person working as a Petroleum Geologist in Luxembourg typically earns around 8,040 EUR per month. Salaries range from 4,180 EUR (lowest) to 12,300 EUR (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 Luxembourg range from 4,180 EUR per month (minimum salary) to 12,300 EUR per month (maximum salary).
The median salary is 7,720 EUR per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 7,720 EUR while the other half are earning more than 7,720 EUR. 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 5,360 EUR while 75% of them are earning more than 5,360 EUR. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 9,610 EUR while 25% are earning more than 9,610 EUR.
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 4,750 EUR per month.
While someone with an experience level between two and five years is expected to earn 6,380 EUR 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 8,290 EUR per month, 30% 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 10,000 EUR 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 11,000 EUR 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 11,500 EUR per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|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 6,130 EUR per month.
While someone with a Master's Degree gets a salary of 7,600 EUR per month, 24% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 12,100 EUR per month, 60% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Luxembourg costs anywhere from 24,600 Euro(s) to 73,700 Euro(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 Luxembourg earn 5% more than their female counterparts on average.
Petroleum Geologist(s) in Luxembourg are likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 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 Luxembourg 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 5% 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 82% 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||4,200 EUR||-48%|
|Associate Analyst||4,880 EUR||-39%|
|Associate Landman||2,050 EUR||-75%|
|Auxiliary Equipment Operator||1,830 EUR||-77%|
|Biomass Plant Technician||2,250 EUR||-72%|
|Biomass Power Plant Manager||6,610 EUR||-18%|
|Chemical Plant Operator||3,750 EUR||-53%|
|Chief Contract Compliance Engineer||4,800 EUR||-40%|
|Completions Engineer||4,160 EUR||-48%|
|Cost Controller||3,340 EUR||-58%|
|Crude Oil Marketing Representative||4,690 EUR||-42%|
|Distribution Manager||6,380 EUR||-21%|
|Dragline Operator||2,070 EUR||-74%|
|Driller Offsider||1,610 EUR||-80%|
|Dump Truck Driver||1,800 EUR||-78%|
|Electric and Gas Operations Manager||10,200 EUR||+27%|
|Energy Advisor||6,870 EUR||-15%|
|Energy Analyst||6,530 EUR||-19%|
|Energy Auditor||5,890 EUR||-27%|
|Energy Dispatch Director||7,910 EUR||-2%|
|Energy Technical Assistant||2,920 EUR||-64%|
|Energy Technical Manager||5,340 EUR||-34%|
|Energy Technical Trainer||3,780 EUR||-53%|
|Exploration Manager||8,230 EUR||+2%|
|Field Safety Auditor||5,320 EUR||-34%|
|Fluids Engineer||4,440 EUR||-45%|
|Fuel Cell Engineer||4,880 EUR||-39%|
|Fuel Cell Technician||2,380 EUR||-70%|
|Fuels Handler||2,030 EUR||-75%|
|Gas Compressor Operator||1,970 EUR||-76%|
|Gas Distribution Plant Operator||3,750 EUR||-53%|
|Gas Supply Manager||6,800 EUR||-15%|
|Geothermal Production Manager||7,880 EUR||-2%|
|Geothermal Technician||3,310 EUR||-59%|
|HSE Engineer||4,740 EUR||-41%|
|HSE Officer||2,670 EUR||-67%|
|HSEQ Administrator||3,100 EUR||-61%|
|Instrument Designer||3,690 EUR||-54%|
|Lead Technical Field Advisor||5,700 EUR||-29%|
|Logistics and Tool Coordinator||3,980 EUR||-51%|
|Maintenance Engineer||4,570 EUR||-43%|
|Maintenance Superintendent||4,130 EUR||-49%|
|Material Controller||2,920 EUR||-64%|
|Mine Engineer||4,550 EUR||-43%|
|Mine Surveyor||5,060 EUR||-37%|
|Mining Project Administrator||4,150 EUR||-48%|
|Mining Project Assistant||3,230 EUR||-60%|
|Mining Project Controls Consultant||5,230 EUR||-35%|
|Mining Project Coordinator||3,950 EUR||-51%|
|Mining Project Engineer||4,330 EUR||-46%|
|Mining Project Manager||5,580 EUR||-31%|
|Mining Site Manager||6,230 EUR||-23%|
|Mining Team Leader||4,880 EUR||-39%|
|NDT Technician||2,670 EUR||-67%|
|Oil Service Unit Operator||2,460 EUR||-69%|
|Oil Trader||6,090 EUR||-24%|
|Oilwell Pumper||1,640 EUR||-80%|
|Petroleum Engineer||5,300 EUR||-34%|
|Petroleum Geologist||8,040 EUR||-0%|
|Petroleum Pump System Operator||2,420 EUR||-70%|
|Pipeline Technician||1,760 EUR||-78%|
|Power Coordinator||2,710 EUR||-66%|
|Power Plant Operations Manager||9,230 EUR||+15%|
|Power Plant Operator||3,840 EUR||-52%|
|Radio Operator||1,970 EUR||-76%|
|Reliability Engineer||4,610 EUR||-43%|
|Reservoir Engineer||4,040 EUR||-50%|
|Risk Analyst||5,480 EUR||-32%|
|Shutdown Engineer||3,830 EUR||-52%|
|Solar Energy Installation Manager||6,580 EUR||-18%|
|Solar Energy Systems Engineer||4,750 EUR||-41%|
|Solar Photovoltaic Installer||3,080 EUR||-62%|
|Solar Thermal Technician||2,710 EUR||-66%|
|Supply Operations Manager||7,310 EUR||-9%|
|Sustainability Specialist||7,350 EUR||-9%|
|System Development Advisor||5,120 EUR||-36%|
|Tanker Truck Driver||1,760 EUR||-78%|
|Utility Operator||2,350 EUR||-71%|
|Wind Energy Project Manager||6,060 EUR||-25%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Luxembourg earn 6% more than their private sector counterparts on average across all sectors.