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Oil / Gas / Energy / Mining Average Salaries in Maldives 2021

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


Average Monthly Salary
17,200 MVR
( 207,000 MVR yearly)

LOW
6,260
MVR
AVERAGE
17,200
MVR
HIGH
39,800
MVR

A person working in Oil / Gas / Energy / Mining in Maldives typically earns around 17,200 MVR per month. Salaries range from 6,260 MVR (lowest average) to 39,800 MVR (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 Manager17,800 MVR
Associate Analyst19,400 MVR
Associate Landman8,160 MVR
Auxiliary Equipment Operator7,080 MVR
Biomass Plant Technician8,940 MVR
Biomass Power Plant Manager23,900 MVR
Chemical Plant Operator15,100 MVR
Chief Contract Compliance Engineer18,000 MVR
Completions Engineer16,900 MVR
Cost Controller13,500 MVR
Crude Oil Marketing Representative18,300 MVR
Dispatcher7,340 MVR
Distribution Manager23,600 MVR
Dragline Operator8,260 MVR
Driller Offsider6,160 MVR
Dump Truck Driver6,990 MVR
Electric and Gas Operations Manager39,200 MVR
Energy Advisor26,200 MVR
Energy Analyst26,000 MVR
Energy Auditor21,400 MVR
Energy Dispatch Director30,500 MVR
Energy Technical Assistant10,800 MVR
Energy Technical Manager22,600 MVR
Energy Technical Trainer15,200 MVR
Exploration Manager31,900 MVR
Field Safety Auditor20,700 MVR
Fluids Engineer16,400 MVR
Fuel Cell Engineer19,200 MVR
Fuel Cell Technician8,550 MVR
Fuels Handler7,920 MVR
Gas Compressor Operator8,120 MVR
Gas Distribution Plant Operator14,000 MVR
Gas Supply Manager26,700 MVR
Geologist32,500 MVR
Geophysicist33,600 MVR
Geothermal Production Manager31,700 MVR
Geothermal Technician12,100 MVR
HSE Engineer17,400 MVR
HSE Officer10,900 MVR
HSEQ Administrator12,500 MVR
Inspector16,000 MVR
Instructor15,000 MVR
Instrument Designer13,400 MVR
Lead Technical Field Advisor23,700 MVR
Logistics and Tool Coordinator15,400 MVR
Maintenance Engineer18,500 MVR
Maintenance Superintendent15,600 MVR
Material Controller11,300 MVR
Mine Engineer16,300 MVR
Mine Surveyor20,200 MVR
Mining Project Administrator16,300 MVR
Mining Project Assistant12,900 MVR
Mining Project Controls Consultant19,100 MVR
Mining Project Coordinator14,900 MVR
Mining Project Engineer16,800 MVR
Mining Project Manager22,000 MVR
Mining Site Manager22,500 MVR
Mining Team Leader19,400 MVR
NDT Technician10,900 MVR
Oil Service Unit Operator9,090 MVR
Oil Trader23,700 MVR
Oilwell Pumper6,550 MVR
Petroleum Engineer 20,100 MVR
Petroleum Geologist32,300 MVR
Petroleum Pump System Operator9,410 MVR
Pipeline Technician7,110 MVR
Power Coordinator10,900 MVR
Power Plant Operations Manager33,900 MVR
Power Plant Operator14,800 MVR
Radio Operator7,870 MVR
Reliability Engineer18,100 MVR
Reservoir Engineer15,700 MVR
Risk Analyst22,200 MVR
Roughneck18,900 MVR
Scaffolder11,200 MVR
Shutdown Engineer14,800 MVR
Solar Energy Installation Manager27,100 MVR
Solar Energy Systems Engineer17,800 MVR
Solar Photovoltaic Installer11,600 MVR
Solar Thermal Technician11,400 MVR
Supply Operations Manager28,800 MVR
Sustainability Specialist27,400 MVR
System Development Advisor19,800 MVR
Tanker Truck Driver7,020 MVR
Utility Operator9,550 MVR
Wind Energy Project Manager25,700 MVR

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

Median and salary distribution monthly Maldives 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 Maldives range from 6,260 MVR per month (minimum average salary) to 39,800 MVR per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 17,600 MVR per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 17,600 MVR while the other half are earning more than 17,600 MVR. 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 10,700 MVR while 75% of them are earning more than 10,700 MVR. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 29,300 MVR while 25% are earning more than 29,300 MVR.


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 Maldives costs anywhere from 95,600 Rufiyaa(s) to 287,000 Rufiyaa(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 Maldives 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 Maldives who work in Oil / Gas / Energy / Mining earn 11% more than their female counterparts on average.

Male
17,900 MVR
Female-10%
16,200 MVR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Maldives for all Careers

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

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

Oil / Gas / Energy / Mining

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

Maldives / 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 Maldives is 2%.

Annual Increment Rate By Industry 2020

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

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

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Oil / Gas / Energy / Mining Bonus and Incentive Rates in Maldives

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

64% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 36% 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
36%
No Bonus
64%

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 Maldives


99 MVR per hour

The average hourly wage (pay per hour) in Maldives is 99 MVR. This means that the average person in Maldives earns approximately 99 MVR 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 Maldives
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The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

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 Maldives earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
18,400 MVR
Public Sector+7%
19,700 MVR
Percentage increase and decrease are relative to the previous value

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