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Petroleum Geologist Average Salary in Mali 2021

How much money does a Petroleum Geologist make in Mali?


Average Monthly Salary
542,000 XOF
( 6,510,000 XOF yearly)

LOW
249,000
XOF
AVERAGE
542,000
XOF
HIGH
862,000
XOF

A person working as a Petroleum Geologist in Mali typically earns around 542,000 XOF per month. Salaries range from 249,000 XOF (lowest) to 862,000 XOF (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 Mali

Median and salary distribution monthly Mali Petroleum Geologist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Petroleum Geologist salaries in Mali range from 249,000 XOF per month (minimum salary) to 862,000 XOF per month (maximum salary).

  • Median Salary

    The median salary is 586,000 XOF per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 586,000 XOF while the other half are earning more than 586,000 XOF. 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 376,000 XOF while 75% of them are earning more than 376,000 XOF. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 782,000 XOF while 25% are earning more than 782,000 XOF.


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?

Salary comparison by years of experience monthly Mali Petroleum Geologist
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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 283,000 XOF per month.

While someone with an experience level between two and five years is expected to earn 378,000 XOF 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 559,000 XOF per month, 48% more than someone with two to five years of experience.

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.

Additionally, Petroleum Geologist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 681,000 XOF 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 743,000 XOF 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 804,000 XOF per month, 8% more than people with fifteen to twenty years of experience.


Petroleum Geologist average salary change by experience in Mali

0 - 2 Years
283,000 XOF
2 - 5 Years+34%
378,000 XOF
5 - 10 Years+48%
559,000 XOF
10 - 15 Years+22%
681,000 XOF
15 - 20 Years+9%
743,000 XOF
20+ Years+8%
804,000 XOF
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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.

Salary comparison by education level monthly Mali Petroleum Geologist
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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 323,000 XOF per month.

While someone with a Master's Degree gets a salary of 507,000 XOF per month, 57% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 850,000 XOF per month, 68% more than someone with a Master's Degree.


Petroleum Geologist average salary difference by education level in Mali

Bachelor's Degree
323,000 XOF
Master's Degree+57%
507,000 XOF
PhD+68%
850,000 XOF
Percentage increase and decrease are relative to the previous value

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 Mali costs anywhere from 1,650,000 CFA Franc BCEAO(s) to 4,950,000 CFA Franc BCEAO(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

Salary Comparison By Education Level
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Petroleum Geologist Salary Comparison By Gender

Salary comparison by gender monthly Mali Petroleum Geologist
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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 Petroleum Geologist employees in Mali earn 24% more than their female counterparts on average.

Male
600,000 XOF
Female-19%
485,000 XOF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Mali for all Careers

Salary comparison by gender monthly Mali
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Petroleum Geologist Average Annual Salary Increment Percentage in Mali

How much are annual salary increments in Mali for Petroleum Geologist(s)? How often do employees get salary raises?

Petroleum Geologist

Petroleum Geologist(s) in Mali are likely to observe a salary increase of approximately 10% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Mali Petroleum Geologist
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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.

Mali / 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 Mali is 2%.

Annual Increment Rate By Industry 2020

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Listed above are the average annual increase rates for each industry in Mali 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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Petroleum Geologist Bonus and Incentive Rates in Mali

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Mali Petroleum Geologist
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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.

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.

Received Bonus
43%
No Bonus
57%

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.

Petroleum Geologist Average Hourly Wage in Mali


3,130 XOF per hour

The average hourly wage (pay per hour) in Mali is 3,130 XOF. This means that the average Petroleum Geologist in Mali earns approximately 3,130 XOF 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.

Petroleum Geologist VS Other Jobs

Salary Comparison Between Petroleum Geologist and Oil  / Gas / Energy / Mining monthly Mali
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The average salary for Petroleum Geologist is 83% 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 TitleAverage Salary
Assistant Yard Manager291,000 XOF-46%
Associate Analyst337,000 XOF-38%
Associate Landman141,000 XOF-74%
Auxiliary Equipment Operator124,000 XOF-77%
Biomass Plant Technician145,000 XOF-73%
Biomass Power Plant Manager429,000 XOF-21%
Chemical Plant Operator255,000 XOF-53%
Chief Contract Compliance Engineer331,000 XOF-39%
Completions Engineer293,000 XOF-46%
Cost Controller224,000 XOF-59%
Crude Oil Marketing Representative338,000 XOF-38%
Dispatcher131,000 XOF-76%
Distribution Manager417,000 XOF-23%
Dragline Operator138,000 XOF-75%
Driller Offsider113,000 XOF-79%
Dump Truck Driver125,000 XOF-77%
Electric and Gas Operations Manager721,000 XOF+33%
Energy Advisor490,000 XOF-10%
Energy Analyst415,000 XOF-23%
Energy Auditor378,000 XOF-30%
Energy Dispatch Director507,000 XOF-7%
Energy Technical Assistant195,000 XOF-64%
Energy Technical Manager370,000 XOF-32%
Energy Technical Trainer276,000 XOF-49%
Exploration Manager532,000 XOF-2%
Field Safety Auditor340,000 XOF-37%
Fluids Engineer291,000 XOF-46%
Fuel Cell Engineer322,000 XOF-41%
Fuel Cell Technician158,000 XOF-71%
Fuels Handler146,000 XOF-73%
Gas Compressor Operator137,000 XOF-75%
Gas Distribution Plant Operator262,000 XOF-52%
Gas Supply Manager445,000 XOF-18%
Geologist545,000 XOF+0%
Geophysicist584,000 XOF+8%
Geothermal Production Manager541,000 XOF-0%
Geothermal Technician207,000 XOF-62%
HSE Engineer297,000 XOF-45%
HSE Officer186,000 XOF-66%
HSEQ Administrator221,000 XOF-59%
Inspector282,000 XOF-48%
Instructor261,000 XOF-52%
Instrument Designer237,000 XOF-56%
Lead Technical Field Advisor414,000 XOF-24%
Logistics and Tool Coordinator275,000 XOF-49%
Maintenance Engineer301,000 XOF-44%
Maintenance Superintendent281,000 XOF-48%
Material Controller213,000 XOF-61%
Mine Engineer302,000 XOF-44%
Mine Surveyor322,000 XOF-41%
Mining Project Administrator282,000 XOF-48%
Mining Project Assistant224,000 XOF-59%
Mining Project Controls Consultant331,000 XOF-39%
Mining Project Coordinator261,000 XOF-52%
Mining Project Engineer294,000 XOF-46%
Mining Project Manager388,000 XOF-28%
Mining Site Manager404,000 XOF-26%
Mining Team Leader314,000 XOF-42%
NDT Technician189,000 XOF-65%
Oil Service Unit Operator166,000 XOF-69%
Oil Trader389,000 XOF-28%
Oilwell Pumper110,000 XOF-80%
Petroleum Engineer 333,000 XOF-39%
Petroleum Geologist542,000 XOF-0%
Petroleum Pump System Operator176,000 XOF-68%
Pipeline Technician120,000 XOF-78%
Power Coordinator196,000 XOF-64%
Power Plant Operations Manager570,000 XOF+5%
Power Plant Operator255,000 XOF-53%
Radio Operator136,000 XOF-75%
Reliability Engineer287,000 XOF-47%
Reservoir Engineer291,000 XOF-46%
Risk Analyst361,000 XOF-33%
Roughneck309,000 XOF-43%
Scaffolder192,000 XOF-65%
Shutdown Engineer265,000 XOF-51%
Solar Energy Installation Manager456,000 XOF-16%
Solar Energy Systems Engineer331,000 XOF-39%
Solar Photovoltaic Installer196,000 XOF-64%
Solar Thermal Technician192,000 XOF-65%
Supply Operations Manager523,000 XOF-4%
Sustainability Specialist469,000 XOF-14%
System Development Advisor348,000 XOF-36%
Tanker Truck Driver120,000 XOF-78%
Utility Operator166,000 XOF-69%
Wind Energy Project Manager414,000 XOF-24%

Salary Comparison By City

CityAverage Salary
Bamako600,000 XOF

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 Mali earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
304,000 XOF
Public Sector+14%
346,000 XOF
Percentage increase and decrease are relative to the previous value

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