Petroleum Geologist Average Salary in New Caledonia 2021
How much money does a Petroleum Geologist make in New Caledonia?
LOW
69,500
XPF AVERAGE
142,000
XPF HIGH
221,000
XPF
A person working as a Petroleum Geologist in New Caledonia typically earns around 142,000 XPF per month. Salaries range from 69,500 XPF (lowest) to 221,000 XPF (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 New Caledonia
The median, the maximum, the minimum, and the range
Salary Range
Petroleum Geologist salaries in New Caledonia range from 69,500 XPF per month (minimum salary) to 221,000 XPF per month (maximum salary).
Median Salary
The median salary is 145,000 XPF per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 145,000 XPF while the other half are earning more than 145,000 XPF. 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 96,300 XPF while 75% of them are earning more than 96,300 XPF. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 187,000 XPF while 25% are earning more than 187,000 XPF.
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 82,400 XPF per month.
While someone with an experience level between two and five years is expected to earn 106,000 XPF per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 146,000 XPF per month, 38% 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 181,000 XPF per month, 24% 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 194,000 XPF per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 207,000 XPF per month, 7% more than people with fifteen to twenty years of experience.
Petroleum Geologist average salary change by experience in New Caledonia
| 0 - 2 Years | 82,400 XPF | |
| 2 - 5 Years | +29% | 106,000 XPF |
| 5 - 10 Years | +38% | 146,000 XPF |
| 10 - 15 Years | +24% | 181,000 XPF |
| 15 - 20 Years | +7% | 194,000 XPF |
| 20+ Years | +7% | 207,000 XPF |
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 96,800 XPF per month.
While someone with a Master's Degree gets a salary of 133,000 XPF per month, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 218,000 XPF per month, 64% more than someone with a Master's Degree.
Petroleum Geologist average salary difference by education level in New Caledonia
| Bachelor's Degree | 96,800 XPF | |
| Master's Degree | +38% | 133,000 XPF |
| PhD | +64% | 218,000 XPF |
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 New Caledonia costs anywhere from 438,000 CFP Franc(s) to 1,320,000 CFP Franc(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 New Caledonia earn 11% more than their female counterparts on average.
| Male | 148,000 XPF | |
| Female | -10% | 133,000 XPF |
Salary Comparison By Gender in New Caledonia for all Careers
Petroleum Geologist Average Annual Salary Increment Percentage in New Caledonia
How much are annual salary increments in New Caledonia for Petroleum Geologist(s)? How often do employees get salary raises?
Petroleum Geologist
Petroleum Geologist(s) in New Caledonia 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.
New Caledonia / 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 2020
| 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 New Caledonia 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
Petroleum Geologist Bonus and Incentive Rates in New Caledonia
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.
60% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 40% 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 | 40% | |
| No Bonus | 60% |
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 New Caledonia
820 XPF per hourThe average hourly wage (pay per hour) in New Caledonia is 820 XPF. This means that the average Petroleum Geologist in New Caledonia earns approximately 820 XPF 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 80% 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 | 79,900 XPF |  -44% |
| Associate Analyst | 88,400 XPF | -38% |
| Associate Landman | 37,100 XPF | -74% |
| Auxiliary Equipment Operator | 31,400 XPF | -78% |
| Biomass Plant Technician | 39,100 XPF | -72% |
| Biomass Power Plant Manager | 107,000 XPF | -25% |
| Chemical Plant Operator | 68,000 XPF | -52% |
| Chief Contract Compliance Engineer | 83,000 XPF | -41% |
| Completions Engineer | 74,400 XPF | -48% |
| Cost Controller | 56,800 XPF | -60% |
| Crude Oil Marketing Representative | 87,400 XPF | -38% |
| Dispatcher | 34,900 XPF | -75% |
| Distribution Manager | 105,000 XPF | -26% |
| Dragline Operator | 39,100 XPF | -72% |
| Driller Offsider | 27,400 XPF | -81% |
| Dump Truck Driver | 30,700 XPF | -78% |
| Electric and Gas Operations Manager | 175,000 XPF |  +23% |
| Energy Advisor | 125,000 XPF | -12% |
| Energy Analyst | 117,000 XPF | -17% |
| Energy Auditor | 98,800 XPF | -30% |
| Energy Dispatch Director | 139,000 XPF | -2% |
| Energy Technical Assistant | 48,000 XPF | -66% |
| Energy Technical Manager | 102,000 XPF | -28% |
| Energy Technical Trainer | 67,100 XPF | -53% |
| Exploration Manager | 135,000 XPF | -5% |
| Field Safety Auditor | 90,200 XPF | -36% |
| Fluids Engineer | 73,300 XPF | -48% |
| Fuel Cell Engineer | 87,000 XPF | -39% |
| Fuel Cell Technician | 39,600 XPF | -72% |
| Fuels Handler | 37,800 XPF | -73% |
| Gas Compressor Operator | 35,400 XPF | -75% |
| Gas Distribution Plant Operator | 62,500 XPF | -56% |
| Gas Supply Manager | 118,000 XPF | -17% |
| Geologist | 147,000 XPF | +4% |
| Geophysicist | 142,000 XPF | +0% |
| Geothermal Production Manager | 138,000 XPF | -3% |
| Geothermal Technician | 53,900 XPF | -62% |
| HSE Engineer | 77,200 XPF | -46% |
| HSE Officer | 49,600 XPF | -65% |
| HSEQ Administrator | 59,100 XPF | -58% |
| Inspector | 76,300 XPF | -46% |
| Instructor | 63,300 XPF | -55% |
| Instrument Designer | 61,900 XPF | -56% |
| Lead Technical Field Advisor | 104,000 XPF | -27% |
| Logistics and Tool Coordinator | 67,900 XPF | -52% |
| Maintenance Engineer | 78,300 XPF | -45% |
| Maintenance Superintendent | 73,900 XPF | -48% |
| Material Controller | 52,500 XPF | -63% |
| Mine Engineer | 75,700 XPF | -47% |
| Mine Surveyor | 91,000 XPF | -36% |
| Mining Project Administrator | 71,000 XPF | -50% |
| Mining Project Assistant | 54,400 XPF | -62% |
| Mining Project Controls Consultant | 90,800 XPF | -36% |
| Mining Project Coordinator | 66,800 XPF | -53% |
| Mining Project Engineer | 74,400 XPF | -48% |
| Mining Project Manager | 105,000 XPF | -26% |
| Mining Site Manager | 101,000 XPF | -29% |
| Mining Team Leader | 84,600 XPF | -40% |
| NDT Technician | 47,800 XPF | -66% |
| Oil Service Unit Operator | 43,100 XPF | -70% |
| Oil Trader | 103,000 XPF | -27% |
| Oilwell Pumper | 31,000 XPF | -78% |
| Petroleum Engineer | 85,400 XPF | -40% |
| Petroleum Geologist | 142,000 XPF | +0% |
| Petroleum Pump System Operator | 43,600 XPF | -69% |
| Pipeline Technician | 31,900 XPF | -78% |
| Power Coordinator | 49,900 XPF | -65% |
| Power Plant Operations Manager | 156,000 XPF | +10% |
| Power Plant Operator | 64,700 XPF | -54% |
| Radio Operator | 35,800 XPF | -75% |
| Reliability Engineer | 76,100 XPF | -46% |
| Reservoir Engineer | 75,300 XPF | -47% |
| Risk Analyst | 93,900 XPF | -34% |
| Roughneck | 79,600 XPF | -44% |
| Scaffolder | 53,300 XPF | -62% |
| Shutdown Engineer | 65,300 XPF | -54% |
| Solar Energy Installation Manager | 118,000 XPF | -17% |
| Solar Energy Systems Engineer | 79,200 XPF | -44% |
| Solar Photovoltaic Installer | 52,800 XPF | -63% |
| Solar Thermal Technician | 47,900 XPF | -66% |
| Supply Operations Manager | 131,000 XPF | -8% |
| Sustainability Specialist | 131,000 XPF | -8% |
| System Development Advisor | 88,000 XPF | -38% |
| Tanker Truck Driver | 29,800 XPF | -79% |
| Utility Operator | 42,100 XPF | -70% |
| Wind Energy Project Manager | 108,000 XPF | -24% |
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 New Caledonia earn 11% more than their private sector counterparts on average across all sectors.
| Private Sector | 82,400 XPF | |
| Public Sector | +11% | 91,200 XPF |
