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

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


Average Monthly Salary
17,000 NIO
( 205,000 NIO yearly)

LOW
6,200
NIO
AVERAGE
17,000
NIO
HIGH
39,400
NIO

A person working in Oil / Gas / Energy / Mining in Nicaragua typically earns around 17,000 NIO per month. Salaries range from 6,200 NIO (lowest average) to 39,400 NIO (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 Manager17,100 NIO
Associate Analyst19,200 NIO
Associate Landman8,080 NIO
Auxiliary Equipment Operator7,010 NIO
Biomass Plant Technician8,220 NIO
Biomass Power Plant Manager24,900 NIO
Chemical Plant Operator13,900 NIO
Chief Contract Compliance Engineer18,300 NIO
Completions Engineer16,300 NIO
Cost Controller12,400 NIO
Crude Oil Marketing Representative17,700 NIO
Dispatcher7,270 NIO
Distribution Manager23,900 NIO
Dragline Operator7,970 NIO
Driller Offsider6,100 NIO
Dump Truck Driver6,410 NIO
Electric and Gas Operations Manager38,800 NIO
Energy Advisor26,000 NIO
Energy Analyst23,900 NIO
Energy Auditor22,300 NIO
Energy Dispatch Director30,900 NIO
Energy Technical Assistant10,200 NIO
Energy Technical Manager21,800 NIO
Energy Technical Trainer14,600 NIO
Exploration Manager30,000 NIO
Field Safety Auditor19,500 NIO
Fluids Engineer16,700 NIO
Fuel Cell Engineer17,700 NIO
Fuel Cell Technician8,910 NIO
Fuels Handler7,640 NIO
Gas Compressor Operator7,270 NIO
Gas Distribution Plant Operator14,300 NIO
Gas Supply Manager26,400 NIO
Geologist29,900 NIO
Geophysicist30,900 NIO
Geothermal Production Manager29,100 NIO
Geothermal Technician12,600 NIO
HSE Engineer18,100 NIO
HSE Officer10,500 NIO
HSEQ Administrator12,100 NIO
Inspector15,500 NIO
Instructor13,800 NIO
Instrument Designer14,000 NIO
Lead Technical Field Advisor22,900 NIO
Logistics and Tool Coordinator14,200 NIO
Maintenance Engineer18,300 NIO
Maintenance Superintendent15,800 NIO
Material Controller11,000 NIO
Mine Engineer17,000 NIO
Mine Surveyor18,600 NIO
Mining Project Administrator15,400 NIO
Mining Project Assistant11,900 NIO
Mining Project Controls Consultant19,800 NIO
Mining Project Coordinator14,800 NIO
Mining Project Engineer16,600 NIO
Mining Project Manager21,300 NIO
Mining Site Manager23,500 NIO
Mining Team Leader17,800 NIO
NDT Technician10,500 NIO
Oil Service Unit Operator8,550 NIO
Oil Trader22,300 NIO
Oilwell Pumper6,320 NIO
Petroleum Engineer 18,900 NIO
Petroleum Geologist32,000 NIO
Petroleum Pump System Operator9,080 NIO
Pipeline Technician6,540 NIO
Power Coordinator10,500 NIO
Power Plant Operations Manager31,900 NIO
Power Plant Operator13,900 NIO
Radio Operator7,790 NIO
Reliability Engineer17,000 NIO
Reservoir Engineer15,200 NIO
Risk Analyst22,000 NIO
Roughneck17,000 NIO
Scaffolder11,400 NIO
Shutdown Engineer13,600 NIO
Solar Energy Installation Manager24,200 NIO
Solar Energy Systems Engineer18,100 NIO
Solar Photovoltaic Installer10,900 NIO
Solar Thermal Technician11,000 NIO
Supply Operations Manager28,500 NIO
Sustainability Specialist27,800 NIO
System Development Advisor19,600 NIO
Tanker Truck Driver6,950 NIO
Utility Operator9,220 NIO
Wind Energy Project Manager24,800 NIO

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

Median and salary distribution monthly Nicaragua 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 Nicaragua range from 6,200 NIO per month (minimum average salary) to 39,400 NIO per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 18,400 NIO per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 18,400 NIO while the other half are earning more than 18,400 NIO. 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 11,100 NIO while 75% of them are earning more than 11,100 NIO. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 31,200 NIO while 25% are earning more than 31,200 NIO.


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 Nicaragua costs anywhere from 94,700 Cordoba Oro(s) to 284,000 Cordoba Oro(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 Nicaragua 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 Nicaragua who work in Oil / Gas / Energy / Mining earn 14% more than their female counterparts on average.

Male
18,200 NIO
Female-13%
15,900 NIO
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Nicaragua for all Careers

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

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

Oil / Gas / Energy / Mining

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

Nicaragua / 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 Nicaragua is 2%.

Annual Increment Rate By Industry 2019

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

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

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

61% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 39% 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
39%
No Bonus
61%

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 Nicaragua


98 NIO per hour

The average hourly wage (pay per hour) in Nicaragua is 98 NIO. This means that the average person in Nicaragua earns approximately 98 NIO 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 Nicaragua
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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 Nicaragua earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
18,000 NIO
Public Sector+14%
20,400 NIO
Percentage increase and decrease are relative to the previous value

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