Petroleum Geologist Average Salary in Maldives 2022
How much money does a Petroleum Geologist make in Maldives?
LOW
16,800
MVR AVERAGE
32,300
MVR HIGH
49,400
MVR
A person working as a Petroleum Geologist in Maldives typically earns around 32,300 MVR per month. Salaries range from 16,800 MVR (lowest) to 49,400 MVR (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 Maldives
The median, the maximum, the minimum, and the range
Salary Range
Petroleum Geologist salaries in Maldives range from 16,800 MVR per month (minimum salary) to 49,400 MVR per month (maximum salary).
Median Salary
The median salary is 31,000 MVR per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 31,000 MVR while the other half are earning more than 31,000 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 Petroleum Geologist(s) are earning less than 21,500 MVR while 75% of them are earning more than 21,500 MVR. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 38,600 MVR while 25% are earning more than 38,600 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
Petroleum Geologist Salary Comparison by Years of Experience
How does experience and age affect your pay?
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 19,100 MVR per month.
While someone with an experience level between two and five years is expected to earn 25,600 MVR 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 33,300 MVR 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 40,300 MVR 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 44,100 MVR 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 46,300 MVR per month, 5% more than people with fifteen to twenty years of experience.
Petroleum Geologist average salary change by experience in Maldives
| 0 - 2 Years | 19,100 MVR | |
| 2 - 5 Years | +34% | 25,600 MVR |
| 5 - 10 Years | +30% | 33,300 MVR |
| 10 - 15 Years | +21% | 40,300 MVR |
| 15 - 20 Years | +9% | 44,100 MVR |
| 20+ Years | +5% | 46,300 MVR |
Typical Salary Progress for Most Careers
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.
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 24,600 MVR per month.
While someone with a Master's Degree gets a salary of 30,500 MVR per month, 24% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 48,800 MVR per month, 60% more than someone with a Master's Degree.
Petroleum Geologist average salary difference by education level in Maldives
| Bachelor's Degree | 24,600 MVR | |
| Master's Degree | +24% | 30,500 MVR |
| PhD | +60% | 48,800 MVR |
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 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
Petroleum Geologist Salary Comparison By Gender
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 Maldives earn 10% more than their female counterparts on average.
| Male | 34,300 MVR | |
| Female | -9% | 31,000 MVR |
Salary Comparison By Gender in Maldives for all Careers
Petroleum Geologist Average Annual Salary Increment Percentage in Maldives
How much are annual salary increments in Maldives for Petroleum Geologist(s)? How often do employees get salary raises?
Petroleum Geologist
Petroleum Geologist(s) in Maldives 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.
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
Annual Increment Rate By Industry 2021
| 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 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.
Worldwide Salary Raises: All Countries and All Jobs
Petroleum Geologist Bonus and Incentive Rates in Maldives
How much and how often are bonuses being awarded?
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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.
63% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 37% 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.
| Received Bonus | 37% | |
| No Bonus | 63% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 Maldives
190 MVR per hourThe average hourly wage (pay per hour) in Maldives is 190 MVR. This means that the average Petroleum Geologist in Maldives earns approximately 190 MVR for every worked hour.
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
The average salary for Petroleum Geologist is 88% 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 Title | Average Salary |
| Assistant Yard Manager | 17,800 MVR |  -45% |
| Associate Analyst | 19,400 MVR | -40% |
| Associate Landman | 8,160 MVR | -75% |
| Auxiliary Equipment Operator | 7,080 MVR | -78% |
| Biomass Plant Technician | 8,940 MVR | -72% |
| Biomass Power Plant Manager | 23,900 MVR | -26% |
| Chemical Plant Operator | 15,100 MVR | -53% |
| Chief Contract Compliance Engineer | 18,000 MVR | -44% |
| Completions Engineer | 16,900 MVR | -48% |
| Cost Controller | 13,500 MVR | -58% |
| Crude Oil Marketing Representative | 18,300 MVR | -43% |
| Dispatcher | 7,340 MVR | -77% |
| Distribution Manager | 23,600 MVR | -27% |
| Dragline Operator | 8,260 MVR | -74% |
| Driller Offsider | 6,160 MVR | -81% |
| Dump Truck Driver | 6,990 MVR | -78% |
| Electric and Gas Operations Manager | 39,200 MVR |  +21% |
| Energy Advisor | 26,200 MVR | -19% |
| Energy Analyst | 26,000 MVR | -20% |
| Energy Auditor | 21,400 MVR | -34% |
| Energy Dispatch Director | 30,500 MVR | -6% |
| Energy Technical Assistant | 10,800 MVR | -67% |
| Energy Technical Manager | 22,600 MVR | -30% |
| Energy Technical Trainer | 15,200 MVR | -53% |
| Exploration Manager | 31,900 MVR | -1% |
| Field Safety Auditor | 20,700 MVR | -36% |
| Fluids Engineer | 16,400 MVR | -49% |
| Fuel Cell Engineer | 19,200 MVR | -41% |
| Fuel Cell Technician | 8,550 MVR | -74% |
| Fuels Handler | 7,920 MVR | -75% |
| Gas Compressor Operator | 8,120 MVR | -75% |
| Gas Distribution Plant Operator | 14,000 MVR | -57% |
| Gas Supply Manager | 26,700 MVR | -17% |
| Geologist | 32,500 MVR | +1% |
| Geophysicist | 33,600 MVR | +4% |
| Geothermal Production Manager | 31,700 MVR | -2% |
| Geothermal Technician | 12,100 MVR | -63% |
| HSE Engineer | 17,400 MVR | -46% |
| HSE Officer | 10,900 MVR | -66% |
| HSEQ Administrator | 12,500 MVR | -61% |
| Inspector | 16,000 MVR | -50% |
| Instructor | 15,000 MVR | -54% |
| Instrument Designer | 13,400 MVR | -59% |
| Lead Technical Field Advisor | 23,700 MVR | -27% |
| Logistics and Tool Coordinator | 15,400 MVR | -52% |
| Maintenance Engineer | 18,500 MVR | -43% |
| Maintenance Superintendent | 15,600 MVR | -52% |
| Material Controller | 11,300 MVR | -65% |
| Mine Engineer | 16,300 MVR | -50% |
| Mine Surveyor | 20,200 MVR | -37% |
| Mining Project Administrator | 16,300 MVR | -50% |
| Mining Project Assistant | 12,900 MVR | -60% |
| Mining Project Controls Consultant | 19,100 MVR | -41% |
| Mining Project Coordinator | 14,900 MVR | -54% |
| Mining Project Engineer | 16,800 MVR | -48% |
| Mining Project Manager | 22,000 MVR | -32% |
| Mining Site Manager | 22,500 MVR | -30% |
| Mining Team Leader | 19,400 MVR | -40% |
| NDT Technician | 10,900 MVR | -66% |
| Oil Service Unit Operator | 9,090 MVR | -72% |
| Oil Trader | 23,700 MVR | -27% |
| Oilwell Pumper | 6,550 MVR | -80% |
| Petroleum Engineer | 20,100 MVR | -38% |
| Petroleum Geologist | 32,300 MVR | -0% |
| Petroleum Pump System Operator | 9,410 MVR | -71% |
| Pipeline Technician | 7,110 MVR | -78% |
| Power Coordinator | 10,900 MVR | -66% |
| Power Plant Operations Manager | 33,900 MVR | +5% |
| Power Plant Operator | 14,800 MVR | -54% |
| Radio Operator | 7,870 MVR | -76% |
| Reliability Engineer | 18,100 MVR | -44% |
| Reservoir Engineer | 15,700 MVR | -51% |
| Risk Analyst | 22,200 MVR | -31% |
| Roughneck | 18,900 MVR | -42% |
| Scaffolder | 11,200 MVR | -65% |
| Shutdown Engineer | 14,800 MVR | -54% |
| Solar Energy Installation Manager | 27,100 MVR | -16% |
| Solar Energy Systems Engineer | 17,800 MVR | -45% |
| Solar Photovoltaic Installer | 11,600 MVR | -64% |
| Solar Thermal Technician | 11,400 MVR | -65% |
| Supply Operations Manager | 28,800 MVR | -11% |
| Sustainability Specialist | 27,400 MVR | -15% |
| System Development Advisor | 19,800 MVR | -39% |
| Tanker Truck Driver | 7,020 MVR | -78% |
| Utility Operator | 9,550 MVR | -70% |
| Wind Energy Project Manager | 25,700 MVR | -20% |
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 |
