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

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


Average Monthly Salary
2,440 XCD
( 29,300 XCD yearly)

LOW
890
XCD
AVERAGE
2,440
XCD
HIGH
5,660
XCD

A person working in Oil / Gas / Energy / Mining in Montserrat typically earns around 2,440 XCD per month. Salaries range from 890 XCD (lowest average) to 5,660 XCD (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 Manager2,420 XCD
Associate Analyst2,640 XCD
Associate Landman1,110 XCD
Auxiliary Equipment Operator1,030 XCD
Biomass Plant Technician1,170 XCD
Biomass Power Plant Manager3,510 XCD
Chemical Plant Operator1,990 XCD
Chief Contract Compliance Engineer2,700 XCD
Completions Engineer2,390 XCD
Cost Controller1,730 XCD
Crude Oil Marketing Representative2,700 XCD
Dispatcher1,090 XCD
Distribution Manager3,520 XCD
Dragline Operator1,170 XCD
Driller Offsider870 XCD
Dump Truck Driver960 XCD
Electric and Gas Operations Manager5,540 XCD
Energy Advisor3,800 XCD
Energy Analyst3,670 XCD
Energy Auditor3,070 XCD
Energy Dispatch Director4,370 XCD
Energy Technical Assistant1,520 XCD
Energy Technical Manager3,080 XCD
Energy Technical Trainer2,090 XCD
Exploration Manager4,190 XCD
Field Safety Auditor2,930 XCD
Fluids Engineer2,450 XCD
Fuel Cell Engineer2,640 XCD
Fuel Cell Technician1,320 XCD
Fuels Handler1,170 XCD
Gas Compressor Operator1,110 XCD
Gas Distribution Plant Operator1,950 XCD
Gas Supply Manager3,610 XCD
Geologist4,470 XCD
Geophysicist4,640 XCD
Geothermal Production Manager4,260 XCD
Geothermal Technician1,820 XCD
HSE Engineer2,620 XCD
HSE Officer1,510 XCD
HSEQ Administrator1,820 XCD
Inspector2,200 XCD
Instructor2,070 XCD
Instrument Designer1,920 XCD
Lead Technical Field Advisor3,220 XCD
Logistics and Tool Coordinator2,110 XCD
Maintenance Engineer2,530 XCD
Maintenance Superintendent2,280 XCD
Material Controller1,710 XCD
Mine Engineer2,510 XCD
Mine Surveyor2,850 XCD
Mining Project Administrator2,160 XCD
Mining Project Assistant1,780 XCD
Mining Project Controls Consultant2,660 XCD
Mining Project Coordinator2,270 XCD
Mining Project Engineer2,440 XCD
Mining Project Manager3,020 XCD
Mining Site Manager3,310 XCD
Mining Team Leader2,530 XCD
NDT Technician1,540 XCD
Oil Service Unit Operator1,310 XCD
Oil Trader3,360 XCD
Oilwell Pumper920 XCD
Petroleum Engineer 2,760 XCD
Petroleum Geologist4,620 XCD
Petroleum Pump System Operator1,420 XCD
Pipeline Technician940 XCD
Power Coordinator1,470 XCD
Power Plant Operations Manager4,990 XCD
Power Plant Operator2,040 XCD
Radio Operator1,070 XCD
Reliability Engineer2,450 XCD
Reservoir Engineer2,320 XCD
Risk Analyst3,030 XCD
Roughneck2,470 XCD
Scaffolder1,590 XCD
Shutdown Engineer2,030 XCD
Solar Energy Installation Manager3,710 XCD
Solar Energy Systems Engineer2,470 XCD
Solar Photovoltaic Installer1,630 XCD
Solar Thermal Technician1,470 XCD
Supply Operations Manager4,200 XCD
Sustainability Specialist3,900 XCD
System Development Advisor2,880 XCD
Tanker Truck Driver930 XCD
Utility Operator1,350 XCD
Wind Energy Project Manager3,420 XCD

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

Median and salary distribution monthly Montserrat 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 Montserrat range from 890 XCD per month (minimum average salary) to 5,660 XCD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 2,350 XCD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 2,350 XCD while the other half are earning more than 2,350 XCD. 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 1,460 XCD while 75% of them are earning more than 1,460 XCD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 3,840 XCD while 25% are earning more than 3,840 XCD.


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 Montserrat costs anywhere from 13,600 East Caribbean Dollar(s) to 40,700 East Caribbean 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 Montserrat 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 Montserrat who work in Oil / Gas / Energy / Mining earn 11% more than their female counterparts on average.

Male
2,600 XCD
Female-10%
2,340 XCD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Montserrat for all Careers

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

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

Oil / Gas / Energy / Mining

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

Montserrat / 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 Montserrat is 2%.

Annual Increment Rate By Industry 2019

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

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

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

67% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 33% 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
33%
No Bonus
67%

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 Montserrat


14 XCD per hour

The average hourly wage (pay per hour) in Montserrat is 14 XCD. This means that the average person in Montserrat earns approximately 14 XCD 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 Montserrat
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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 Montserrat earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
2,550 XCD
Public Sector+11%
2,820 XCD
Percentage increase and decrease are relative to the previous value

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