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Oil / Gas / Energy / Mining Average Salaries in Marshall Islands 2020

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


Average Monthly Salary
2,030 USD
( 24,400 USD yearly)

LOW
740
USD
AVERAGE
2,030
USD
HIGH
4,700
USD

A person working in Oil / Gas / Energy / Mining in Marshall Islands typically earns around 2,030 USD per month. Salaries range from 740 USD (lowest average) to 4,700 USD (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 Manager1,980 USD
Associate Analyst2,320 USD
Associate Landman970 USD
Auxiliary Equipment Operator880 USD
Biomass Plant Technician1,070 USD
Biomass Power Plant Manager2,860 USD
Chemical Plant Operator1,650 USD
Chief Contract Compliance Engineer2,090 USD
Completions Engineer2,030 USD
Cost Controller1,550 USD
Crude Oil Marketing Representative2,160 USD
Dispatcher860 USD
Distribution Manager3,000 USD
Dragline Operator990 USD
Driller Offsider720 USD
Dump Truck Driver820 USD
Electric and Gas Operations Manager4,580 USD
Energy Advisor3,220 USD
Energy Analyst2,960 USD
Energy Auditor2,700 USD
Energy Dispatch Director3,580 USD
Energy Technical Assistant1,310 USD
Energy Technical Manager2,510 USD
Energy Technical Trainer1,720 USD
Exploration Manager3,750 USD
Field Safety Auditor2,320 USD
Fluids Engineer2,090 USD
Fuel Cell Engineer2,280 USD
Fuel Cell Technician1,020 USD
Fuels Handler940 USD
Gas Compressor Operator890 USD
Gas Distribution Plant Operator1,710 USD
Gas Supply Manager3,160 USD
Geologist3,860 USD
Geophysicist3,640 USD
Geothermal Production Manager3,620 USD
Geothermal Technician1,530 USD
HSE Engineer2,200 USD
HSE Officer1,250 USD
HSEQ Administrator1,430 USD
Inspector2,000 USD
Instructor1,630 USD
Instrument Designer1,690 USD
Lead Technical Field Advisor2,610 USD
Logistics and Tool Coordinator1,820 USD
Maintenance Engineer2,230 USD
Maintenance Superintendent1,900 USD
Material Controller1,410 USD
Mine Engineer1,950 USD
Mine Surveyor2,300 USD
Mining Project Administrator1,750 USD
Mining Project Assistant1,400 USD
Mining Project Controls Consultant2,290 USD
Mining Project Coordinator1,830 USD
Mining Project Engineer2,070 USD
Mining Project Manager2,750 USD
Mining Site Manager2,700 USD
Mining Team Leader2,310 USD
NDT Technician1,310 USD
Oil Service Unit Operator1,040 USD
Oil Trader2,660 USD
Oilwell Pumper780 USD
Petroleum Engineer 2,330 USD
Petroleum Geologist3,870 USD
Petroleum Pump System Operator1,170 USD
Pipeline Technician770 USD
Power Coordinator1,310 USD
Power Plant Operations Manager4,090 USD
Power Plant Operator1,730 USD
Radio Operator940 USD
Reliability Engineer2,040 USD
Reservoir Engineer1,860 USD
Risk Analyst2,670 USD
Roughneck2,090 USD
Scaffolder1,430 USD
Shutdown Engineer1,750 USD
Solar Energy Installation Manager2,970 USD
Solar Energy Systems Engineer2,160 USD
Solar Photovoltaic Installer1,410 USD
Solar Thermal Technician1,260 USD
Supply Operations Manager3,250 USD
Sustainability Specialist3,500 USD
System Development Advisor2,450 USD
Tanker Truck Driver800 USD
Utility Operator1,150 USD
Wind Energy Project Manager3,010 USD

Oil / Gas / Energy / Mining Jobs Salary Distribution in Marshall Islands

Median and salary distribution monthly Marshall Islands 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 Marshall Islands range from 740 USD per month (minimum average salary) to 4,700 USD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 2,070 USD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 2,070 USD while the other half are earning more than 2,070 USD. 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 1,270 USD while 75% of them are earning more than 1,270 USD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 3,450 USD while 25% are earning more than 3,450 USD.


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 Marshall Islands costs anywhere from 11,300 US Dollar(s) to 33,800 US Dollar(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 Marshall Islands 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 Marshall Islands who work in Oil / Gas / Energy / Mining earn 11% more than their female counterparts on average.

Male
2,120 USD
Female-10%
1,900 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Marshall Islands for all Careers

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

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

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Marshall Islands are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Marshall Islands 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.

Marshall Islands / 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 Marshall Islands is 2%.

Annual Increment Rate By Industry 2019

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Marshall Islands for the year 2019. 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 Marshall Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Marshall Islands 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 Marshall Islands


12 USD per hour

The average hourly wage (pay per hour) in Marshall Islands is 12 USD. This means that the average person in Marshall Islands earns approximately 12 USD 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 Marshall Islands
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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 Marshall Islands earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
2,100 USD
Public Sector+17%
2,460 USD
Percentage increase and decrease are relative to the previous value

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