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Petroleum Geologist Average Salary in Bangladesh 2022

How much money does a Petroleum Geologist make in Bangladesh?

Average Monthly Salary
42,400 BDT
( 509,000 BDT yearly)


A person working as a Petroleum Geologist in Bangladesh typically earns around 42,400 BDT per month. Salaries range from 19,500 BDT (lowest) to 67,400 BDT (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 Salary Distribution in Bangladesh

Median and salary distribution monthly Bangladesh Petroleum Geologist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Petroleum Geologist salaries in Bangladesh range from 19,500 BDT per month (minimum salary) to 67,400 BDT per month (maximum salary).

  • Median Salary

    The median salary is 45,800 BDT per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 45,800 BDT while the other half are earning more than 45,800 BDT. 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 29,400 BDT while 75% of them are earning more than 29,400 BDT. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 61,200 BDT while 25% are earning more than 61,200 BDT.

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?

Salary comparison by years of experience monthly Bangladesh Petroleum Geologist
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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 22,100 BDT per month.

While someone with an experience level between two and five years is expected to earn 29,600 BDT 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 43,700 BDT per month, 48% more than someone with two to five years of experience.

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.

Additionally, Petroleum Geologist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 53,300 BDT per month, 22% 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 58,100 BDT 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 62,900 BDT per month, 8% more than people with fifteen to twenty years of experience.

Petroleum Geologist average salary change by experience in Bangladesh

0 - 2 Years
22,100 BDT
2 - 5 Years+34%
29,600 BDT
5 - 10 Years+48%
43,700 BDT
10 - 15 Years+22%
53,300 BDT
15 - 20 Years+9%
58,100 BDT
20+ Years+8%
62,900 BDT
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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.

Salary comparison by education level monthly Bangladesh Petroleum Geologist
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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 25,300 BDT per month.

While someone with a Master's Degree gets a salary of 39,600 BDT per month, 57% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 66,500 BDT per month, 68% more than someone with a Master's Degree.

Petroleum Geologist average salary difference by education level in Bangladesh

Bachelor's Degree
25,300 BDT
Master's Degree+57%
39,600 BDT
66,500 BDT
Percentage increase and decrease are relative to the previous value

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 Bangladesh costs anywhere from 130,000 Taka(s) to 390,000 Taka(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

Salary Comparison By Education Level
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Petroleum Geologist Salary Comparison By Gender

Salary comparison by gender monthly Bangladesh Petroleum Geologist
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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 Petroleum Geologist employees in Bangladesh earn 21% more than their female counterparts on average.

46,500 BDT
38,300 BDT
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bangladesh for all Careers

Salary comparison by gender monthly Bangladesh
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Petroleum Geologist Average Annual Salary Increment Percentage in Bangladesh

How much are annual salary increments in Bangladesh for Petroleum Geologist(s)? How often do employees get salary raises?

Petroleum Geologist

Petroleum Geologist(s) in Bangladesh are likely to observe a salary increase of approximately 10% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bangladesh Petroleum Geologist
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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.

Bangladesh / 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 Bangladesh is 2%.

Annual Increment Rate By Industry 2021

Information Technology

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

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Petroleum Geologist Bonus and Incentive Rates in Bangladesh

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bangladesh Petroleum Geologist
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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.

57% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 43% 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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Petroleum Geologist Average Hourly Wage in Bangladesh

240 BDT per hour

The average hourly wage (pay per hour) in Bangladesh is 240 BDT. This means that the average Petroleum Geologist in Bangladesh earns approximately 240 BDT 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.

Petroleum Geologist VS Other Jobs

Salary Comparison Between Petroleum Geologist and Oil  / Gas / Energy / Mining monthly Bangladesh
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The average salary for Petroleum Geologist is 81% 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 TitleAverage Salary
Assistant Yard Manager23,900 BDT-44%
Associate Analyst27,700 BDT-35%
Associate Landman11,600 BDT-73%
Auxiliary Equipment Operator9,560 BDT-77%
Biomass Plant Technician12,400 BDT-71%
Biomass Power Plant Manager32,700 BDT-23%
Chemical Plant Operator19,600 BDT-54%
Chief Contract Compliance Engineer24,700 BDT-42%
Completions Engineer23,200 BDT-45%
Cost Controller17,700 BDT-58%
Crude Oil Marketing Representative25,600 BDT-40%
Dispatcher10,900 BDT-74%
Distribution Manager34,600 BDT-18%
Dragline Operator12,100 BDT-71%
Driller Offsider8,980 BDT-79%
Dump Truck Driver9,240 BDT-78%
Electric and Gas Operations Manager57,100 BDT+35%
Energy Advisor37,900 BDT-11%
Energy Analyst36,400 BDT-14%
Energy Auditor29,600 BDT-30%
Energy Dispatch Director43,800 BDT+3%
Energy Technical Assistant15,600 BDT-63%
Energy Technical Manager30,400 BDT-28%
Energy Technical Trainer20,300 BDT-52%
Exploration Manager40,900 BDT-4%
Field Safety Auditor26,800 BDT-37%
Fluids Engineer24,100 BDT-43%
Fuel Cell Engineer26,300 BDT-38%
Fuel Cell Technician12,700 BDT-70%
Fuels Handler11,100 BDT-74%
Gas Compressor Operator11,200 BDT-74%
Gas Distribution Plant Operator19,100 BDT-55%
Gas Supply Manager36,900 BDT-13%
Geologist44,400 BDT+5%
Geophysicist42,900 BDT+1%
Geothermal Production Manager40,700 BDT-4%
Geothermal Technician17,000 BDT-60%
HSE Engineer24,400 BDT-42%
HSE Officer15,100 BDT-64%
HSEQ Administrator17,100 BDT-60%
Inspector23,000 BDT-46%
Instructor19,200 BDT-55%
Instrument Designer18,500 BDT-56%
Lead Technical Field Advisor30,900 BDT-27%
Logistics and Tool Coordinator20,400 BDT-52%
Maintenance Engineer24,700 BDT-42%
Maintenance Superintendent21,500 BDT-49%
Material Controller15,800 BDT-63%
Mine Engineer24,300 BDT-43%
Mine Surveyor28,200 BDT-34%
Mining Project Administrator21,700 BDT-49%
Mining Project Assistant16,500 BDT-61%
Mining Project Controls Consultant26,500 BDT-38%
Mining Project Coordinator21,300 BDT-50%
Mining Project Engineer22,600 BDT-47%
Mining Project Manager31,600 BDT-25%
Mining Site Manager30,800 BDT-27%
Mining Team Leader26,900 BDT-37%
NDT Technician14,900 BDT-65%
Oil Service Unit Operator13,000 BDT-69%
Oil Trader30,700 BDT-28%
Oilwell Pumper9,620 BDT-77%
Petroleum Engineer 27,200 BDT-36%
Petroleum Geologist42,400 BDT-0%
Petroleum Pump System Operator13,100 BDT-69%
Pipeline Technician9,230 BDT-78%
Power Coordinator14,700 BDT-65%
Power Plant Operations Manager48,000 BDT+13%
Power Plant Operator20,600 BDT-51%
Radio Operator11,200 BDT-74%
Reliability Engineer23,800 BDT-44%
Reservoir Engineer22,100 BDT-48%
Risk Analyst29,600 BDT-30%
Roughneck24,000 BDT-43%
Scaffolder16,700 BDT-61%
Shutdown Engineer19,600 BDT-54%
Solar Energy Installation Manager37,300 BDT-12%
Solar Energy Systems Engineer24,200 BDT-43%
Solar Photovoltaic Installer15,600 BDT-63%
Solar Thermal Technician15,000 BDT-65%
Supply Operations Manager40,200 BDT-5%
Sustainability Specialist40,800 BDT-4%
System Development Advisor26,800 BDT-37%
Tanker Truck Driver9,140 BDT-78%
Utility Operator13,100 BDT-69%
Wind Energy Project Manager34,900 BDT-18%

Salary Comparison By City

CityAverage Salary
Barisal43,300 BDT
Bogra46,500 BDT
Chandpur37,700 BDT
Chittagong46,500 BDT
Coxs Bazar42,400 BDT
Dhaka49,900 BDT
Jamalpur39,300 BDT
Jessore42,900 BDT
Khulna47,700 BDT
Rajshahi46,100 BDT
St. Martin38,600 BDT
Sylhet42,300 BDT

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 Bangladesh earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
23,200 BDT
Public Sector+25%
28,900 BDT
Percentage increase and decrease are relative to the previous value

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