A person working as a Petroleum Geologist in Saint Vincent and the Grenadines typically earns around 5,370 XCD per month. Salaries range from 2,630 XCD (lowest) to 8,370 XCD (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 Saint Vincent and the Grenadines range from 2,630 XCD per month (minimum salary) to 8,370 XCD per month (maximum salary).
The median salary is 5,470 XCD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 5,470 XCD while the other half are earning more than 5,470 XCD. 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 3,650 XCD while 75% of them are earning more than 3,650 XCD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 7,060 XCD while 25% are earning more than 7,060 XCD.
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 3,120 XCD per month.
While someone with an experience level between two and five years is expected to earn 4,010 XCD per month, 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 5,530 XCD per month, 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 6,850 XCD per month, 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 7,340 XCD per month, 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 7,830 XCD per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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 3,660 XCD per month.
While someone with a Master's Degree gets a salary of 5,040 XCD per month, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 8,260 XCD per month, 64% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Saint Vincent and the Grenadines costs anywhere from 17,000 East Caribbean Dollar(s) to 50,900 East Caribbean 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.
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 Saint Vincent and the Grenadines earn 12% more than their female counterparts on average.
Petroleum Geologist(s) in Saint Vincent and the Grenadines 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.
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 Saint Vincent and the Grenadines for the year 2020. 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.
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.
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 75% 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||2,950 XCD||-45%|
|Associate Analyst||3,200 XCD||-40%|
|Associate Landman||1,340 XCD||-75%|
|Auxiliary Equipment Operator||1,250 XCD||-77%|
|Biomass Plant Technician||1,400 XCD||-74%|
|Biomass Power Plant Manager||4,370 XCD||-19%|
|Chemical Plant Operator||2,410 XCD||-55%|
|Chief Contract Compliance Engineer||3,260 XCD||-39%|
|Completions Engineer||2,970 XCD||-45%|
|Cost Controller||2,160 XCD||-60%|
|Crude Oil Marketing Representative||3,100 XCD||-42%|
|Distribution Manager||4,190 XCD||-22%|
|Dragline Operator||1,430 XCD||-73%|
|Driller Offsider||1,080 XCD||-80%|
|Dump Truck Driver||1,180 XCD||-78%|
|Electric and Gas Operations Manager||6,860 XCD||+28%|
|Energy Advisor||4,570 XCD||-15%|
|Energy Analyst||4,090 XCD||-24%|
|Energy Auditor||3,550 XCD||-34%|
|Energy Dispatch Director||5,100 XCD||-5%|
|Energy Technical Assistant||1,830 XCD||-66%|
|Energy Technical Manager||3,750 XCD||-30%|
|Energy Technical Trainer||2,640 XCD||-51%|
|Exploration Manager||5,100 XCD||-5%|
|Field Safety Auditor||3,330 XCD||-38%|
|Fluids Engineer||2,920 XCD||-46%|
|Fuel Cell Engineer||3,290 XCD||-39%|
|Fuel Cell Technician||1,550 XCD||-71%|
|Fuels Handler||1,340 XCD||-75%|
|Gas Compressor Operator||1,380 XCD||-74%|
|Gas Distribution Plant Operator||2,520 XCD||-53%|
|Gas Supply Manager||4,320 XCD||-19%|
|Geothermal Production Manager||5,010 XCD||-7%|
|Geothermal Technician||2,030 XCD||-62%|
|HSE Engineer||2,910 XCD||-46%|
|HSE Officer||1,740 XCD||-68%|
|HSEQ Administrator||2,200 XCD||-59%|
|Instrument Designer||2,220 XCD||-59%|
|Lead Technical Field Advisor||3,870 XCD||-28%|
|Logistics and Tool Coordinator||2,600 XCD||-52%|
|Maintenance Engineer||3,100 XCD||-42%|
|Maintenance Superintendent||2,550 XCD||-52%|
|Material Controller||1,910 XCD||-64%|
|Mine Engineer||2,960 XCD||-45%|
|Mine Surveyor||3,170 XCD||-41%|
|Mining Project Administrator||2,660 XCD||-50%|
|Mining Project Assistant||2,040 XCD||-62%|
|Mining Project Controls Consultant||3,180 XCD||-41%|
|Mining Project Coordinator||2,580 XCD||-52%|
|Mining Project Engineer||2,970 XCD||-45%|
|Mining Project Manager||3,780 XCD||-30%|
|Mining Site Manager||4,120 XCD||-23%|
|Mining Team Leader||3,030 XCD||-44%|
|NDT Technician||1,910 XCD||-64%|
|Oil Service Unit Operator||1,530 XCD||-71%|
|Oil Trader||3,810 XCD||-29%|
|Oilwell Pumper||1,140 XCD||-79%|
|Petroleum Engineer||3,470 XCD||-35%|
|Petroleum Geologist||5,370 XCD||+0%|
|Petroleum Pump System Operator||1,590 XCD||-70%|
|Pipeline Technician||1,130 XCD||-79%|
|Power Coordinator||1,910 XCD||-64%|
|Power Plant Operations Manager||5,700 XCD||+6%|
|Power Plant Operator||2,350 XCD||-56%|
|Radio Operator||1,300 XCD||-76%|
|Reliability Engineer||2,930 XCD||-45%|
|Reservoir Engineer||2,670 XCD||-50%|
|Risk Analyst||3,720 XCD||-31%|
|Shutdown Engineer||2,500 XCD||-53%|
|Solar Energy Installation Manager||4,600 XCD||-14%|
|Solar Energy Systems Engineer||3,200 XCD||-40%|
|Solar Photovoltaic Installer||1,990 XCD||-63%|
|Solar Thermal Technician||1,870 XCD||-65%|
|Supply Operations Manager||4,680 XCD||-13%|
|Sustainability Specialist||4,910 XCD||-8%|
|System Development Advisor||3,510 XCD||-35%|
|Tanker Truck Driver||1,160 XCD||-78%|
|Utility Operator||1,680 XCD||-69%|
|Wind Energy Project Manager||4,280 XCD||-20%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Saint Vincent and the Grenadines earn 10% more than their private sector counterparts on average across all sectors.