A person working as a Petroleum Geologist in Peru typically earns around 11,600 PEN per month. Salaries range from 6,040 PEN (lowest) to 17,800 PEN (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 salaries in Peru range from 6,040 PEN per month (minimum salary) to 17,800 PEN per month (maximum salary).
The median salary is 11,200 PEN per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 11,200 PEN while the other half are earning more than 11,200 PEN. 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.
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 7,740 PEN while 75% of them are earning more than 7,740 PEN. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 13,900 PEN while 25% are earning more than 13,900 PEN.
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
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 6,860 PEN per month.
While someone with an experience level between two and five years is expected to earn 9,210 PEN per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 12,000 PEN per month, 30% 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 14,500 PEN per month, 21% 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 15,800 PEN per month, 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 16,700 PEN per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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 8,860 PEN per month.
While someone with a Master's Degree gets a salary of 11,000 PEN per month, 24% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 17,500 PEN per month, 60% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Peru costs anywhere from 37,700 Nuevo Sol(s) to 113,000 Nuevo Sol(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.
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 Peru earn 8% more than their female counterparts on average.
Petroleum Geologist(s) in Peru are likely to observe a salary increase of approximately 14% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
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.
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
Listed above are the average annual increase rates for each industry in Peru for the year 2021. 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.
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.
48% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 52% 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.
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.
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.
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.
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.
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.
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.
The average salary for Petroleum Geologist is 71% more than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.
|Job Title||Average Salary|
|Assistant Yard Manager||6,550 PEN||-44%|
|Associate Analyst||7,330 PEN||-37%|
|Associate Landman||3,080 PEN||-73%|
|Auxiliary Equipment Operator||2,860 PEN||-75%|
|Biomass Plant Technician||3,330 PEN||-71%|
|Biomass Power Plant Manager||9,270 PEN||-20%|
|Chemical Plant Operator||5,670 PEN||-51%|
|Chief Contract Compliance Engineer||6,970 PEN||-40%|
|Completions Engineer||6,480 PEN||-44%|
|Cost Controller||4,940 PEN||-57%|
|Crude Oil Marketing Representative||7,310 PEN||-37%|
|Distribution Manager||9,070 PEN||-22%|
|Dragline Operator||3,160 PEN||-73%|
|Driller Offsider||2,420 PEN||-79%|
|Dump Truck Driver||2,720 PEN||-77%|
|Electric and Gas Operations Manager||15,400 PEN||+33%|
|Energy Advisor||10,500 PEN||-10%|
|Energy Analyst||9,470 PEN||-18%|
|Energy Auditor||8,100 PEN||-30%|
|Energy Dispatch Director||11,300 PEN||-3%|
|Energy Technical Assistant||4,010 PEN||-65%|
|Energy Technical Manager||8,330 PEN||-28%|
|Energy Technical Trainer||5,660 PEN||-51%|
|Exploration Manager||12,200 PEN||+5%|
|Field Safety Auditor||7,760 PEN||-33%|
|Fluids Engineer||6,310 PEN||-46%|
|Fuel Cell Engineer||6,790 PEN||-42%|
|Fuel Cell Technician||3,480 PEN||-70%|
|Fuels Handler||3,170 PEN||-73%|
|Gas Compressor Operator||3,090 PEN||-73%|
|Gas Distribution Plant Operator||5,560 PEN||-52%|
|Gas Supply Manager||10,000 PEN||-14%|
|Geothermal Production Manager||11,000 PEN||-5%|
|Geothermal Technician||4,820 PEN||-59%|
|HSE Engineer||6,920 PEN||-40%|
|HSE Officer||4,080 PEN||-65%|
|HSEQ Administrator||4,930 PEN||-58%|
|Instrument Designer||5,070 PEN||-56%|
|Lead Technical Field Advisor||8,710 PEN||-25%|
|Logistics and Tool Coordinator||6,000 PEN||-48%|
|Maintenance Engineer||7,010 PEN||-40%|
|Maintenance Superintendent||5,870 PEN||-49%|
|Material Controller||4,650 PEN||-60%|
|Mine Engineer||6,640 PEN||-43%|
|Mine Surveyor||7,350 PEN||-37%|
|Mining Project Administrator||5,700 PEN||-51%|
|Mining Project Assistant||4,590 PEN||-60%|
|Mining Project Controls Consultant||7,780 PEN||-33%|
|Mining Project Coordinator||5,700 PEN||-51%|
|Mining Project Engineer||6,770 PEN||-42%|
|Mining Project Manager||8,190 PEN||-29%|
|Mining Site Manager||8,730 PEN||-25%|
|Mining Team Leader||7,220 PEN||-38%|
|NDT Technician||4,170 PEN||-64%|
|Oil Service Unit Operator||3,450 PEN||-70%|
|Oil Trader||8,880 PEN||-24%|
|Oilwell Pumper||2,500 PEN||-78%|
|Petroleum Engineer||7,290 PEN||-37%|
|Petroleum Geologist||11,600 PEN||-0%|
|Petroleum Pump System Operator||3,850 PEN||-67%|
|Pipeline Technician||2,660 PEN||-77%|
|Power Coordinator||3,970 PEN||-66%|
|Power Plant Operations Manager||13,200 PEN||+14%|
|Power Plant Operator||5,390 PEN||-54%|
|Radio Operator||2,970 PEN||-74%|
|Reliability Engineer||6,470 PEN||-44%|
|Reservoir Engineer||6,300 PEN||-46%|
|Risk Analyst||8,420 PEN||-28%|
|Shutdown Engineer||5,780 PEN||-50%|
|Solar Energy Installation Manager||10,300 PEN||-11%|
|Solar Energy Systems Engineer||7,040 PEN||-39%|
|Solar Photovoltaic Installer||4,310 PEN||-63%|
|Solar Thermal Technician||3,970 PEN||-66%|
|Supply Operations Manager||10,600 PEN||-9%|
|Sustainability Specialist||11,100 PEN||-4%|
|System Development Advisor||8,010 PEN||-31%|
|Tanker Truck Driver||2,590 PEN||-78%|
|Utility Operator||3,670 PEN||-68%|
|Wind Energy Project Manager||9,260 PEN||-20%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Peru earn 9% more than their private sector counterparts on average across all sectors.