Geothermal Technician Average Salary in Bahamas 2023
How much money does a Geothermal Technician make in Bahamas?
LOW
15,900
BSD AVERAGE
31,100
BSD HIGH
48,000
BSD
A person working as a Geothermal Technician in Bahamas typically earns around 31,100 BSD per year. Salaries range from 15,900 BSD (lowest) to 48,000 BSD (highest).
This is the average yearly salary including housing, transport, and other benefits. Geothermal Technician salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Geothermal Technician Salary Distribution in Bahamas
The median, the maximum, the minimum, and the range
Salary Range
Geothermal Technician salaries in Bahamas range from 15,900 BSD per year (minimum salary) to 48,000 BSD per year (maximum salary).
Median Salary
The median salary is 30,500 BSD per year, which means that half (50%) of people working as Geothermal Technician(s) are earning less than 30,500 BSD while the other half are earning more than 30,500 BSD. 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 Geothermal Technician(s) are earning less than 20,900 BSD while 75% of them are earning more than 20,900 BSD. Also from the diagram, 75% of Geothermal Technician(s) are earning less than 38,500 BSD while 25% are earning more than 38,500 BSD.
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
Geothermal Technician 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 Geothermal Technician salaries by experience level and this is what we found.
A Geothermal Technician with less than two years of experience makes approximately 17,800 BSD per year.
While someone with an experience level between two and five years is expected to earn 23,300 BSD per year, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 32,600 BSD per year, 40% more than someone with two to five years of experience.
Additionally, Geothermal Technician(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 39,100 BSD per year, 20% 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 42,500 BSD per year, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 45,900 BSD per year, 8% more than people with fifteen to twenty years of experience.
Geothermal Technician average salary change by experience in Bahamas
| 0 - 2 Years | 17,800 BSD | |
| 2 - 5 Years | +31% | 23,300 BSD |
| 5 - 10 Years | +40% | 32,600 BSD |
| 10 - 15 Years | +20% | 39,100 BSD |
| 15 - 20 Years | +9% | 42,500 BSD |
| 20+ Years | +8% | 45,900 BSD |
Typical Salary Progress for Most Careers
Geothermal Technician Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Geothermal Technician(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 Geothermal Technician salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Geothermal Technician is 20,400 BSD per year.
While someone with a Certificate or Diploma gets a salary of 30,000 BSD per year, 47% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 46,000 BSD per year, 53% more than someone with a Certificate or Diploma.
Geothermal Technician average salary difference by education level in Bahamas
| High School | 20,400 BSD | |
| Certificate or Diploma | +47% | 30,000 BSD |
| Bachelor's Degree | +53% | 46,000 BSD |
Typical Salary Difference by Education for Most Careers
Geothermal Technician 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 Geothermal Technician employees in Bahamas earn 16% more than their female counterparts on average.
| Male | 33,600 BSD | |
| Female | -14% | 28,900 BSD |
Salary Comparison By Gender in Bahamas for all Careers
Geothermal Technician Average Annual Salary Increment Percentage in Bahamas
How much are annual salary increments in Bahamas for Geothermal Technician(s)? How often do employees get salary raises?
Geothermal Technician
Geothermal Technician(s) in Bahamas are likely to observe a salary increase of approximately 8% every 27 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Bahamas / 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 2022
| Banking | 7% | |
| Energy | 5% | |
| Information Technology | 3% | |
| Healthcare | 1% | |
| Travel | 8% | |
| Construction | 6% | |
| Education | 4% |
Listed above are the average annual increase rates for each industry in Bahamas for the year 2022. 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
Geothermal Technician Bonus and Incentive Rates in Bahamas
How much and how often are bonuses being awarded?
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A Geothermal Technician is considered to be a low 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.
90% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 10% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.
| Received Bonus | 10% | |
| No Bonus | 90% |
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.
Geothermal Technician Average Hourly Wage in Bahamas
15 BSD per hourThe average hourly wage (pay per hour) in Bahamas is 15 BSD. This means that the average Geothermal Technician in Bahamas earns approximately 15 BSD 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.
Geothermal Technician VS Other Jobs
The average salary for Geothermal Technician is 26% less 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 | 43,200 BSD |  +39% |
| Associate Analyst | 49,400 BSD | +59% |
| Associate Landman | 20,800 BSD |  -33% |
| Auxiliary Equipment Operator | 18,400 BSD | -41% |
| Biomass Plant Technician | 20,700 BSD | -34% |
| Biomass Power Plant Manager | 60,300 BSD | +94% |
| Chemical Plant Operator | 37,200 BSD | +19% |
| Chief Contract Compliance Engineer | 48,000 BSD | +54% |
| Completions Engineer | 41,100 BSD | +32% |
| Cost Controller | 31,300 BSD | +0% |
| Crude Oil Marketing Representative | 49,200 BSD | +58% |
| Dispatcher | 18,300 BSD | -41% |
| Distribution Manager | 59,100 BSD | +90% |
| Dragline Operator | 20,900 BSD | -33% |
| Driller Offsider | 15,700 BSD | -50% |
| Dump Truck Driver | 17,200 BSD | -45% |
| Electric and Gas Operations Manager | 99,800 BSD | +220% |
| Energy Advisor | 70,800 BSD | +130% |
| Energy Analyst | 62,800 BSD | +100% |
| Energy Auditor | 56,200 BSD | +80% |
| Energy Dispatch Director | 76,400 BSD | +150% |
| Energy Technical Assistant | 28,400 BSD | -9% |
| Energy Technical Manager | 55,000 BSD | +77% |
| Energy Technical Trainer | 39,900 BSD | +28% |
| Exploration Manager | 78,700 BSD | +150% |
| Field Safety Auditor | 48,100 BSD | +54% |
| Fluids Engineer | 41,200 BSD | +32% |
| Fuel Cell Engineer | 45,400 BSD | +46% |
| Fuel Cell Technician | 22,000 BSD | -29% |
| Fuels Handler | 21,300 BSD | -32% |
| Gas Compressor Operator | 19,100 BSD | -39% |
| Gas Distribution Plant Operator | 35,900 BSD | +15% |
| Gas Supply Manager | 63,900 BSD | +110% |
| Geologist | 76,800 BSD | +150% |
| Geophysicist | 84,300 BSD | +170% |
| Geothermal Production Manager | 74,800 BSD | +140% |
| Geothermal Technician | 31,100 BSD | -0% |
| HSE Engineer | 44,700 BSD | +44% |
| HSE Officer | 27,600 BSD | -11% |
| HSEQ Administrator | 32,400 BSD | +4% |
| Inspector | 39,800 BSD | +28% |
| Instructor | 37,700 BSD | +21% |
| Instrument Designer | 35,200 BSD | +13% |
| Lead Technical Field Advisor | 60,000 BSD | +93% |
| Logistics and Tool Coordinator | 37,900 BSD | +22% |
| Maintenance Engineer | 45,300 BSD | +45% |
| Maintenance Superintendent | 39,000 BSD | +25% |
| Material Controller | 29,300 BSD | -6% |
| Mine Engineer | 42,000 BSD | +35% |
| Mine Surveyor | 48,700 BSD | +56% |
| Mining Project Administrator | 38,800 BSD | +25% |
| Mining Project Assistant | 32,400 BSD | +4% |
| Mining Project Controls Consultant | 47,100 BSD | +51% |
| Mining Project Coordinator | 37,200 BSD | +19% |
| Mining Project Engineer | 43,500 BSD | +40% |
| Mining Project Manager | 54,700 BSD | +76% |
| Mining Site Manager | 56,800 BSD | +82% |
| Mining Team Leader | 44,800 BSD | +44% |
| NDT Technician | 26,400 BSD | -15% |
| Oil Service Unit Operator | 22,900 BSD | -26% |
| Oil Trader | 55,100 BSD | +77% |
| Oilwell Pumper | 16,600 BSD | -47% |
| Petroleum Engineer | 47,600 BSD | +53% |
| Petroleum Geologist | 80,600 BSD | +160% |
| Petroleum Pump System Operator | 24,300 BSD | -22% |
| Pipeline Technician | 17,500 BSD | -44% |
| Power Coordinator | 27,100 BSD | -13% |
| Power Plant Operations Manager | 82,100 BSD | +160% |
| Power Plant Operator | 37,200 BSD | +19% |
| Radio Operator | 20,000 BSD | -36% |
| Reliability Engineer | 41,200 BSD | +32% |
| Reservoir Engineer | 42,400 BSD | +36% |
| Risk Analyst | 54,300 BSD | +74% |
| Roughneck | 43,700 BSD | +40% |
| Scaffolder | 27,500 BSD | -12% |
| Shutdown Engineer | 36,500 BSD | +17% |
| Solar Energy Installation Manager | 63,600 BSD | +100% |
| Solar Energy Systems Engineer | 45,500 BSD | +46% |
| Solar Photovoltaic Installer | 29,200 BSD | -6% |
| Solar Thermal Technician | 28,200 BSD | -9% |
| Supply Operations Manager | 71,900 BSD | +130% |
| Sustainability Specialist | 67,300 BSD | +120% |
| System Development Advisor | 51,500 BSD | +65% |
| Tanker Truck Driver | 16,800 BSD | -46% |
| Utility Operator | 23,200 BSD | -26% |
| Wind Energy Project Manager | 58,900 BSD | +89% |
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 Bahamas earn 10% more than their private sector counterparts on average across all sectors.
| Private Sector | 45,300 BSD | |
| Public Sector | +10% | 50,000 BSD |
