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

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


Average Monthly Salary
2,930 BBD
( 35,200 BBD yearly)

LOW
1,070
BBD
AVERAGE
2,930
BBD
HIGH
6,780
BBD

A person working in Oil / Gas / Energy / Mining in Barbados typically earns around 2,930 BBD per month. Salaries range from 1,070 BBD (lowest average) to 6,780 BBD (highest average, actual maximum salary is higher).

This is the average monthly 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 Manager2,840 BBD
Associate Analyst3,480 BBD
Associate Landman1,460 BBD
Auxiliary Equipment Operator1,220 BBD
Biomass Plant Technician1,460 BBD
Biomass Power Plant Manager4,260 BBD
Chemical Plant Operator2,390 BBD
Chief Contract Compliance Engineer3,290 BBD
Completions Engineer2,920 BBD
Cost Controller2,120 BBD
Crude Oil Marketing Representative3,430 BBD
Dispatcher1,270 BBD
Distribution Manager4,440 BBD
Dragline Operator1,480 BBD
Driller Offsider1,080 BBD
Dump Truck Driver1,200 BBD
Electric and Gas Operations Manager6,900 BBD
Energy Advisor4,650 BBD
Energy Analyst4,210 BBD
Energy Auditor3,780 BBD
Energy Dispatch Director5,300 BBD
Energy Technical Assistant1,840 BBD
Energy Technical Manager3,610 BBD
Energy Technical Trainer2,690 BBD
Exploration Manager5,470 BBD
Field Safety Auditor3,520 BBD
Fluids Engineer3,090 BBD
Fuel Cell Engineer3,190 BBD
Fuel Cell Technician1,550 BBD
Fuels Handler1,480 BBD
Gas Compressor Operator1,370 BBD
Gas Distribution Plant Operator2,580 BBD
Gas Supply Manager4,470 BBD
Geologist5,390 BBD
Geophysicist5,400 BBD
Geothermal Production Manager5,040 BBD
Geothermal Technician2,100 BBD
HSE Engineer3,020 BBD
HSE Officer1,870 BBD
HSEQ Administrator2,190 BBD
Inspector2,940 BBD
Instructor2,410 BBD
Instrument Designer2,370 BBD
Lead Technical Field Advisor3,910 BBD
Logistics and Tool Coordinator2,640 BBD
Maintenance Engineer3,220 BBD
Maintenance Superintendent2,820 BBD
Material Controller2,140 BBD
Mine Engineer2,960 BBD
Mine Surveyor3,270 BBD
Mining Project Administrator2,720 BBD
Mining Project Assistant2,070 BBD
Mining Project Controls Consultant3,340 BBD
Mining Project Coordinator2,690 BBD
Mining Project Engineer2,880 BBD
Mining Project Manager4,030 BBD
Mining Site Manager4,010 BBD
Mining Team Leader3,160 BBD
NDT Technician1,880 BBD
Oil Service Unit Operator1,550 BBD
Oil Trader4,030 BBD
Oilwell Pumper1,170 BBD
Petroleum Engineer 3,610 BBD
Petroleum Geologist5,700 BBD
Petroleum Pump System Operator1,780 BBD
Pipeline Technician1,120 BBD
Power Coordinator1,920 BBD
Power Plant Operations Manager5,850 BBD
Power Plant Operator2,580 BBD
Radio Operator1,410 BBD
Reliability Engineer3,030 BBD
Reservoir Engineer2,950 BBD
Risk Analyst3,860 BBD
Roughneck3,140 BBD
Scaffolder2,070 BBD
Shutdown Engineer2,540 BBD
Solar Energy Installation Manager4,560 BBD
Solar Energy Systems Engineer3,270 BBD
Solar Photovoltaic Installer1,900 BBD
Solar Thermal Technician1,840 BBD
Supply Operations Manager4,790 BBD
Sustainability Specialist5,080 BBD
System Development Advisor3,410 BBD
Tanker Truck Driver1,250 BBD
Utility Operator1,650 BBD
Wind Energy Project Manager4,070 BBD

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

Median and salary distribution monthly Barbados Oil  / Gas / Energy / Mining
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The median, the maximum, the minimum, and the range

  • Salary Range

    Oil / Gas / Energy / Mining salaries in Barbados range from 1,070 BBD per month (minimum average salary) to 6,780 BBD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 2,820 BBD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 2,820 BBD while the other half are earning more than 2,820 BBD. 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 1,750 BBD while 75% of them are earning more than 1,750 BBD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 4,610 BBD while 25% are earning more than 4,610 BBD.


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
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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
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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 Barbados costs anywhere from 16,300 Barbados Dollar(s) to 48,800 Barbados 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 monthly Barbados Oil  / Gas / Energy / Mining
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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 employees in Barbados who work in Oil / Gas / Energy / Mining earn 9% more than their female counterparts on average.

Male
3,080 BBD
Female-8%
2,830 BBD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Barbados for all Careers

Salary comparison by gender monthly Barbados
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Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Barbados

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

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Barbados are likely to observe a salary increase of approximately 6% every 27 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Barbados Oil  / Gas / Energy / Mining
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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.

Barbados / 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 Barbados is 2%.

Annual Increment Rate By Industry 2019

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

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

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

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Barbados Oil  / Gas / Energy / Mining
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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 Barbados


17 BBD per hour

The average hourly wage (pay per hour) in Barbados is 17 BBD. This means that the average person in Barbados earns approximately 17 BBD 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 monthly Barbados
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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 Barbados earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
3,060 BBD
Public Sector+11%
3,390 BBD
Percentage increase and decrease are relative to the previous value

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