Petroleum Geologist Average Salary in Puerto Rico 2022
How much money does a Petroleum Geologist make in Puerto Rico?
LOW
16,200
USD AVERAGE
33,000
USD HIGH
51,400
USD
A person working as a Petroleum Geologist in Puerto Rico typically earns around 33,000 USD per year. Salaries range from 16,200 USD (lowest) to 51,400 USD (highest).
This is the average yearly 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 Puerto Rico
The median, the maximum, the minimum, and the range
Salary Range
Petroleum Geologist salaries in Puerto Rico range from 16,200 USD per year (minimum salary) to 51,400 USD per year (maximum salary).
Median Salary
The median salary is 33,600 USD per year, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 33,600 USD while the other half are earning more than 33,600 USD. 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 22,400 USD while 75% of them are earning more than 22,400 USD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 43,400 USD while 25% are earning more than 43,400 USD.
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 19,200 USD per year.
While someone with an experience level between two and five years is expected to earn 24,600 USD per year, 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 34,000 USD per year, 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 42,100 USD per year, 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 45,100 USD per year, 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 48,100 USD per year, 7% more than people with fifteen to twenty years of experience.
Petroleum Geologist average salary change by experience in Puerto Rico
| 0 - 2 Years | 19,200 USD | |
| 2 - 5 Years | +29% | 24,600 USD |
| 5 - 10 Years | +38% | 34,000 USD |
| 10 - 15 Years | +24% | 42,100 USD |
| 15 - 20 Years | +7% | 45,100 USD |
| 20+ Years | +7% | 48,100 USD |
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 22,500 USD per year.
While someone with a Master's Degree gets a salary of 31,000 USD per year, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 50,700 USD per year, 64% more than someone with a Master's Degree.
Petroleum Geologist average salary difference by education level in Puerto Rico
| Bachelor's Degree | 22,500 USD | |
| Master's Degree | +38% | 31,000 USD |
| PhD | +64% | 50,700 USD |
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 Puerto Rico costs anywhere from 8,390 US Dollar(s) to 25,200 US 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 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 Puerto Rico earn 11% more than their female counterparts on average.
| Male | 34,400 USD | |
| Female | -10% | 30,800 USD |
Salary Comparison By Gender in Puerto Rico for all Careers
Petroleum Geologist Average Annual Salary Increment Percentage in Puerto Rico
How much are annual salary increments in Puerto Rico for Petroleum Geologist(s)? How often do employees get salary raises?
Petroleum Geologist
Petroleum Geologist(s) in Puerto Rico are likely to observe a salary increase of approximately 9% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Puerto Rico / 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 2021
| Banking | 4% | |
| Energy | 8% | |
| Information Technology | 3% | |
| Healthcare | 7% | |
| Travel | 2% | |
| Construction | 6% | |
| Education | 1% |
Listed above are the average annual increase rates for each industry in Puerto Rico 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.
Worldwide Salary Raises: All Countries and All Jobs
Petroleum Geologist Bonus and Incentive Rates in Puerto Rico
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 Puerto Rico
16 USD per hourThe average hourly wage (pay per hour) in Puerto Rico is 16 USD. This means that the average Petroleum Geologist in Puerto Rico earns approximately 16 USD 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 82% 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 | 16,400 USD |  -50% |
| Associate Analyst | 20,000 USD | -39% |
| Associate Landman | 8,390 USD | -75% |
| Auxiliary Equipment Operator | 7,490 USD | -77% |
| Biomass Plant Technician | 8,770 USD | -73% |
| Biomass Power Plant Manager | 24,500 USD | -26% |
| Chemical Plant Operator | 14,600 USD | -56% |
| Chief Contract Compliance Engineer | 18,700 USD | -43% |
| Completions Engineer | 16,200 USD | -51% |
| Cost Controller | 13,000 USD | -61% |
| Crude Oil Marketing Representative | 18,300 USD | -44% |
| Dispatcher | 7,790 USD | -76% |
| Distribution Manager | 24,800 USD | -25% |
| Dragline Operator | 8,050 USD | -76% |
| Driller Offsider | 6,590 USD | -80% |
| Dump Truck Driver | 7,020 USD | -79% |
| Electric and Gas Operations Manager | 42,000 USD |  +27% |
| Energy Advisor | 28,200 USD | -14% |
| Energy Analyst | 25,400 USD | -23% |
| Energy Auditor | 21,900 USD | -34% |
| Energy Dispatch Director | 30,800 USD | -7% |
| Energy Technical Assistant | 10,800 USD | -67% |
| Energy Technical Manager | 20,800 USD | -37% |
| Energy Technical Trainer | 14,700 USD | -55% |
| Exploration Manager | 30,500 USD | -7% |
| Field Safety Auditor | 19,700 USD | -40% |
| Fluids Engineer | 17,300 USD | -48% |
| Fuel Cell Engineer | 19,000 USD | -42% |
| Fuel Cell Technician | 8,840 USD | -73% |
| Fuels Handler | 7,920 USD | -76% |
| Gas Compressor Operator | 8,090 USD | -75% |
| Gas Distribution Plant Operator | 14,600 USD | -56% |
| Gas Supply Manager | 27,900 USD | -15% |
| Geologist | 32,200 USD | -2% |
| Geophysicist | 32,700 USD | -1% |
| Geothermal Production Manager | 30,700 USD | -7% |
| Geothermal Technician | 12,300 USD | -63% |
| HSE Engineer | 17,600 USD | -47% |
| HSE Officer | 10,400 USD | -68% |
| HSEQ Administrator | 12,100 USD | -63% |
| Inspector | 15,800 USD | -52% |
| Instructor | 14,600 USD | -56% |
| Instrument Designer | 13,700 USD | -58% |
| Lead Technical Field Advisor | 22,200 USD | -33% |
| Logistics and Tool Coordinator | 15,500 USD | -53% |
| Maintenance Engineer | 18,700 USD | -43% |
| Maintenance Superintendent | 16,100 USD | -51% |
| Material Controller | 11,400 USD | -65% |
| Mine Engineer | 16,900 USD | -49% |
| Mine Surveyor | 19,700 USD | -40% |
| Mining Project Administrator | 15,400 USD | -53% |
| Mining Project Assistant | 12,600 USD | -62% |
| Mining Project Controls Consultant | 19,400 USD | -41% |
| Mining Project Coordinator | 16,200 USD | -51% |
| Mining Project Engineer | 17,700 USD | -46% |
| Mining Project Manager | 21,800 USD | -34% |
| Mining Site Manager | 23,100 USD | -30% |
| Mining Team Leader | 19,000 USD | -42% |
| NDT Technician | 10,400 USD | -68% |
| Oil Service Unit Operator | 9,120 USD | -72% |
| Oil Trader | 22,600 USD | -31% |
| Oilwell Pumper | 6,390 USD | -81% |
| Petroleum Engineer | 19,700 USD | -40% |
| Petroleum Geologist | 33,000 USD | +0% |
| Petroleum Pump System Operator | 9,440 USD | -71% |
| Pipeline Technician | 6,870 USD | -79% |
| Power Coordinator | 10,600 USD | -68% |
| Power Plant Operations Manager | 34,200 USD | +4% |
| Power Plant Operator | 14,300 USD | -57% |
| Radio Operator | 8,090 USD | -75% |
| Reliability Engineer | 17,100 USD | -48% |
| Reservoir Engineer | 15,700 USD | -52% |
| Risk Analyst | 22,500 USD | -32% |
| Roughneck | 18,700 USD | -43% |
| Scaffolder | 11,700 USD | -65% |
| Shutdown Engineer | 14,900 USD | -55% |
| Solar Energy Installation Manager | 27,000 USD | -18% |
| Solar Energy Systems Engineer | 18,500 USD | -44% |
| Solar Photovoltaic Installer | 11,400 USD | -65% |
| Solar Thermal Technician | 10,600 USD | -68% |
| Supply Operations Manager | 30,000 USD | -9% |
| Sustainability Specialist | 28,700 USD | -13% |
| System Development Advisor | 21,000 USD | -36% |
| Tanker Truck Driver | 7,190 USD | -78% |
| Utility Operator | 9,170 USD | -72% |
| Wind Energy Project Manager | 23,600 USD | -28% |
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 Puerto Rico earn 21% more than their private sector counterparts on average across all sectors.
| Private Sector | 18,300 USD | |
| Public Sector | +21% | 22,200 USD |
