HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

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

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


Average Yearly Salary
42,100 BSD
( 3,510 BSD monthly)

LOW
15,300
BSD
AVERAGE
42,100
BSD
HIGH
97,400
BSD

A person working in Oil / Gas / Energy / Mining in Bahamas typically earns around 42,100 BSD per year. Salaries range from 15,300 BSD (lowest average) to 97,400 BSD (highest average, actual maximum salary is higher).

This is the average yearly 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 Manager43,200 BSD
Associate Analyst49,400 BSD
Associate Landman20,800 BSD
Auxiliary Equipment Operator18,400 BSD
Biomass Plant Technician20,700 BSD
Biomass Power Plant Manager60,300 BSD
Chemical Plant Operator37,200 BSD
Chief Contract Compliance Engineer48,000 BSD
Completions Engineer41,100 BSD
Cost Controller31,300 BSD
Crude Oil Marketing Representative49,200 BSD
Dispatcher18,300 BSD
Distribution Manager59,100 BSD
Dragline Operator20,900 BSD
Driller Offsider15,700 BSD
Dump Truck Driver17,200 BSD
Electric and Gas Operations Manager99,800 BSD
Energy Advisor70,800 BSD
Energy Analyst62,800 BSD
Energy Auditor56,200 BSD
Energy Dispatch Director76,400 BSD
Energy Technical Assistant28,400 BSD
Energy Technical Manager55,000 BSD
Energy Technical Trainer39,900 BSD
Exploration Manager78,700 BSD
Field Safety Auditor48,100 BSD
Fluids Engineer41,200 BSD
Fuel Cell Engineer45,400 BSD
Fuel Cell Technician22,000 BSD
Fuels Handler21,300 BSD
Gas Compressor Operator19,100 BSD
Gas Distribution Plant Operator35,900 BSD
Gas Supply Manager63,900 BSD
Geologist76,800 BSD
Geophysicist84,300 BSD
Geothermal Production Manager74,800 BSD
Geothermal Technician31,100 BSD
HSE Engineer44,700 BSD
HSE Officer27,600 BSD
HSEQ Administrator32,400 BSD
Inspector39,800 BSD
Instructor37,700 BSD
Instrument Designer35,200 BSD
Lead Technical Field Advisor60,000 BSD
Logistics and Tool Coordinator37,900 BSD
Maintenance Engineer45,300 BSD
Maintenance Superintendent39,000 BSD
Material Controller29,300 BSD
Mine Engineer42,000 BSD
Mine Surveyor48,700 BSD
Mining Project Administrator38,800 BSD
Mining Project Assistant32,400 BSD
Mining Project Controls Consultant47,100 BSD
Mining Project Coordinator37,200 BSD
Mining Project Engineer43,500 BSD
Mining Project Manager54,700 BSD
Mining Site Manager56,800 BSD
Mining Team Leader44,800 BSD
NDT Technician26,400 BSD
Oil Service Unit Operator22,900 BSD
Oil Trader55,100 BSD
Oilwell Pumper16,600 BSD
Petroleum Engineer 47,600 BSD
Petroleum Geologist80,600 BSD
Petroleum Pump System Operator24,300 BSD
Pipeline Technician17,500 BSD
Power Coordinator27,100 BSD
Power Plant Operations Manager82,100 BSD
Power Plant Operator37,200 BSD
Radio Operator20,000 BSD
Reliability Engineer41,200 BSD
Reservoir Engineer42,400 BSD
Risk Analyst54,300 BSD
Roughneck43,700 BSD
Scaffolder27,500 BSD
Shutdown Engineer36,500 BSD
Solar Energy Installation Manager63,600 BSD
Solar Energy Systems Engineer45,500 BSD
Solar Photovoltaic Installer29,200 BSD
Solar Thermal Technician28,200 BSD
Supply Operations Manager71,900 BSD
Sustainability Specialist67,300 BSD
System Development Advisor51,500 BSD
Tanker Truck Driver16,800 BSD
Utility Operator23,200 BSD
Wind Energy Project Manager58,900 BSD

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

Median and salary distribution yearly Bahamas Oil  / Gas / Energy / Mining
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/oil-gas-energy-mining/median-and-salary-distribution-yearly-bahamas-oil-gas-energy-mining.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Oil / Gas / Energy / Mining salaries in Bahamas range from 15,300 BSD per year (minimum average salary) to 97,400 BSD per year (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 40,400 BSD per year, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 40,400 BSD while the other half are earning more than 40,400 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 people working in Oil / Gas / Energy / Mining are earning less than 25,100 BSD while 75% of them are earning more than 25,100 BSD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 66,100 BSD while 25% are earning more than 66,100 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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

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 Bahamas costs anywhere from 19,500 Bahamian Dollar(s) to 58,400 Bahamian 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 yearly Bahamas Oil  / Gas / Energy / Mining
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/oil-gas-energy-mining/salary-comparison-by-gender-yearly-bahamas-oil-gas-energy-mining.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Bahamas who work in Oil / Gas / Energy / Mining earn 11% more than their female counterparts on average.

Male
44,800 BSD
Female-10%
40,300 BSD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bahamas for all Careers

Salary comparison by gender yearly Bahamas
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/salary-comparison-by-gender-yearly-bahamas.jpg

Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Bahamas

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

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Bahamas 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 Bahamas Oil  / Gas / Energy / Mining
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/oil-gas-energy-mining/annual-salary-increment-rate-bahamas-oil-gas-energy-mining.jpg


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.

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

The average salary increase in one year (12 months) in Bahamas is 2%.

Annual Increment Rate By Industry 2019

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 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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Oil / Gas / Energy / Mining Bonus and Incentive Rates in Bahamas

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bahamas Oil  / Gas / Energy / Mining
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/oil-gas-energy-mining/annual-salary-bonus-rate-bahamas-oil-gas-energy-mining.jpg

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 Bahamas


20 BSD per hour

The average hourly wage (pay per hour) in Bahamas is 20 BSD. This means that the average person in Bahamas earns approximately 20 BSD 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 yearly Bahamas
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/bahamas/oil-gas-energy-mining/salary-comparison-between-oil-gas-energy-mining-and-oil-gas-energy-mining-yearly-bahamas.jpg

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 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
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2020