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Oil / Gas / Energy / Mining Average Salaries in Mongolia 2020

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


Average Monthly Salary
1,760,000 MNT
( 21,100,000 MNT yearly)

LOW
639,000
MNT
AVERAGE
1,760,000
MNT
HIGH
4,060,000
MNT

A person working in Oil / Gas / Energy / Mining in Mongolia typically earns around 1,760,000 MNT per month. Salaries range from 639,000 MNT (lowest average) to 4,060,000 MNT (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 Manager1,750,000 MNT
Associate Analyst1,880,000 MNT
Associate Landman790,000 MNT
Auxiliary Equipment Operator717,000 MNT
Biomass Plant Technician863,000 MNT
Biomass Power Plant Manager2,580,000 MNT
Chemical Plant Operator1,510,000 MNT
Chief Contract Compliance Engineer1,900,000 MNT
Completions Engineer1,700,000 MNT
Cost Controller1,360,000 MNT
Crude Oil Marketing Representative1,870,000 MNT
Dispatcher737,000 MNT
Distribution Manager2,410,000 MNT
Dragline Operator887,000 MNT
Driller Offsider672,000 MNT
Dump Truck Driver710,000 MNT
Electric and Gas Operations Manager4,280,000 MNT
Energy Advisor2,840,000 MNT
Energy Analyst2,530,000 MNT
Energy Auditor2,330,000 MNT
Energy Dispatch Director3,050,000 MNT
Energy Technical Assistant1,110,000 MNT
Energy Technical Manager2,220,000 MNT
Energy Technical Trainer1,480,000 MNT
Exploration Manager3,230,000 MNT
Field Safety Auditor2,110,000 MNT
Fluids Engineer1,670,000 MNT
Fuel Cell Engineer1,820,000 MNT
Fuel Cell Technician909,000 MNT
Fuels Handler812,000 MNT
Gas Compressor Operator759,000 MNT
Gas Distribution Plant Operator1,470,000 MNT
Gas Supply Manager2,770,000 MNT
Geologist3,090,000 MNT
Geophysicist3,300,000 MNT
Geothermal Production Manager3,130,000 MNT
Geothermal Technician1,210,000 MNT
HSE Engineer1,740,000 MNT
HSE Officer1,100,000 MNT
HSEQ Administrator1,250,000 MNT
Inspector1,680,000 MNT
Instructor1,470,000 MNT
Instrument Designer1,460,000 MNT
Lead Technical Field Advisor2,260,000 MNT
Logistics and Tool Coordinator1,570,000 MNT
Maintenance Engineer1,850,000 MNT
Maintenance Superintendent1,650,000 MNT
Material Controller1,150,000 MNT
Mine Engineer1,740,000 MNT
Mine Surveyor1,970,000 MNT
Mining Project Administrator1,550,000 MNT
Mining Project Assistant1,270,000 MNT
Mining Project Controls Consultant1,890,000 MNT
Mining Project Coordinator1,590,000 MNT
Mining Project Engineer1,700,000 MNT
Mining Project Manager2,310,000 MNT
Mining Site Manager2,430,000 MNT
Mining Team Leader1,870,000 MNT
NDT Technician1,090,000 MNT
Oil Service Unit Operator923,000 MNT
Oil Trader2,410,000 MNT
Oilwell Pumper703,000 MNT
Petroleum Engineer 1,930,000 MNT
Petroleum Geologist3,180,000 MNT
Petroleum Pump System Operator956,000 MNT
Pipeline Technician709,000 MNT
Power Coordinator1,080,000 MNT
Power Plant Operations Manager3,420,000 MNT
Power Plant Operator1,470,000 MNT
Radio Operator762,000 MNT
Reliability Engineer1,700,000 MNT
Reservoir Engineer1,610,000 MNT
Risk Analyst2,220,000 MNT
Roughneck1,800,000 MNT
Scaffolder1,160,000 MNT
Shutdown Engineer1,510,000 MNT
Solar Energy Installation Manager2,530,000 MNT
Solar Energy Systems Engineer1,860,000 MNT
Solar Photovoltaic Installer1,220,000 MNT
Solar Thermal Technician1,100,000 MNT
Supply Operations Manager3,010,000 MNT
Sustainability Specialist2,840,000 MNT
System Development Advisor2,010,000 MNT
Tanker Truck Driver686,000 MNT
Utility Operator959,000 MNT
Wind Energy Project Manager2,550,000 MNT

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

Median and salary distribution monthly Mongolia 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 Mongolia range from 639,000 MNT per month (minimum average salary) to 4,060,000 MNT per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 1,790,000 MNT per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 1,790,000 MNT while the other half are earning more than 1,790,000 MNT. 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 1,090,000 MNT while 75% of them are earning more than 1,090,000 MNT. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 2,990,000 MNT while 25% are earning more than 2,990,000 MNT.


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 Mongolia costs anywhere from 9,750,000 Tugrik(s) to 29,300,000 Tugrik(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 Mongolia 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 Mongolia who work in Oil / Gas / Energy / Mining earn 7% more than their female counterparts on average.

Male
1,810,000 MNT
Female-6%
1,690,000 MNT
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Mongolia for all Careers

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

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

Oil / Gas / Energy / Mining

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

Mongolia / 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 Mongolia 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 Mongolia 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 Mongolia

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


10,100 MNT per hour

The average hourly wage (pay per hour) in Mongolia is 10,100 MNT. This means that the average person in Mongolia earns approximately 10,100 MNT 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 Mongolia
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The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Ulan Bator1,860,000 MNT

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 Mongolia earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
1,810,000 MNT
Public Sector+17%
2,130,000 MNT
Percentage increase and decrease are relative to the previous value

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