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Petroleum Geologist Average Salary in Barbados 2021

How much money does a Petroleum Geologist make in Barbados?

Average Monthly Salary
5,700 BBD
( 68,400 BBD yearly)


A person working as a Petroleum Geologist in Barbados typically earns around 5,700 BBD per month. Salaries range from 2,800 BBD (lowest) to 8,900 BBD (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 Barbados

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

  • Salary Range

    Petroleum Geologist salaries in Barbados range from 2,800 BBD per month (minimum salary) to 8,900 BBD per month (maximum salary).

  • Median Salary

    The median salary is 5,820 BBD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 5,820 BBD while the other half are earning more than 5,820 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 Petroleum Geologist(s) are earning less than 3,880 BBD while 75% of them are earning more than 3,880 BBD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 7,510 BBD while 25% are earning more than 7,510 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

Petroleum Geologist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Barbados 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 3,310 BBD per month.

While someone with an experience level between two and five years is expected to earn 4,260 BBD 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 5,880 BBD per month, 38% 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 7,280 BBD 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 7,800 BBD 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 8,320 BBD per month, 7% more than people with fifteen to twenty years of experience.

Petroleum Geologist average salary change by experience in Barbados

0 - 2 Years
3,310 BBD
2 - 5 Years+29%
4,260 BBD
5 - 10 Years+38%
5,880 BBD
10 - 15 Years+24%
7,280 BBD
15 - 20 Years+7%
7,800 BBD
20+ Years+7%
8,320 BBD
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 Barbados 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 3,890 BBD per month.

While someone with a Master's Degree gets a salary of 5,360 BBD per month, 38% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 8,780 BBD per month, 64% more than someone with a Master's Degree.

Petroleum Geologist average salary difference by education level in Barbados

Bachelor's Degree
3,890 BBD
Master's Degree+38%
5,360 BBD
8,780 BBD
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 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 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 Barbados 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 Barbados earn 9% more than their female counterparts on average.

5,910 BBD
5,410 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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Petroleum Geologist Average Annual Salary Increment Percentage in Barbados

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

Petroleum Geologist

Petroleum Geologist(s) in Barbados 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.

Annual Salary Increment Rate Barbados 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.

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 2020

Information Technology

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

Worldwide Salary Raises: All Countries and All Jobs

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Petroleum Geologist Bonus and Incentive Rates in Barbados

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Barbados 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.

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
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 Barbados

33 BBD per hour

The average hourly wage (pay per hour) in Barbados is 33 BBD. This means that the average Petroleum Geologist in Barbados earns approximately 33 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.

Petroleum Geologist VS Other Jobs

Salary Comparison Between Petroleum Geologist and Oil  / Gas / Energy / Mining monthly Barbados
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The average salary for Petroleum Geologist is 95% 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 Manager2,840 BBD-50%
Associate Analyst3,480 BBD-39%
Associate Landman1,460 BBD-74%
Auxiliary Equipment Operator1,220 BBD-79%
Biomass Plant Technician1,460 BBD-74%
Biomass Power Plant Manager4,260 BBD-25%
Chemical Plant Operator2,390 BBD-58%
Chief Contract Compliance Engineer3,290 BBD-42%
Completions Engineer2,920 BBD-49%
Cost Controller2,120 BBD-63%
Crude Oil Marketing Representative3,430 BBD-40%
Dispatcher1,270 BBD-78%
Distribution Manager4,440 BBD-22%
Dragline Operator1,480 BBD-74%
Driller Offsider1,080 BBD-81%
Dump Truck Driver1,200 BBD-79%
Electric and Gas Operations Manager6,900 BBD+21%
Energy Advisor4,650 BBD-18%
Energy Analyst4,210 BBD-26%
Energy Auditor3,780 BBD-34%
Energy Dispatch Director5,300 BBD-7%
Energy Technical Assistant1,840 BBD-68%
Energy Technical Manager3,610 BBD-37%
Energy Technical Trainer2,690 BBD-53%
Exploration Manager5,470 BBD-4%
Field Safety Auditor3,520 BBD-38%
Fluids Engineer3,090 BBD-46%
Fuel Cell Engineer3,190 BBD-44%
Fuel Cell Technician1,550 BBD-73%
Fuels Handler1,480 BBD-74%
Gas Compressor Operator1,370 BBD-76%
Gas Distribution Plant Operator2,580 BBD-55%
Gas Supply Manager4,470 BBD-22%
Geologist5,390 BBD-6%
Geophysicist5,400 BBD-5%
Geothermal Production Manager5,040 BBD-12%
Geothermal Technician2,100 BBD-63%
HSE Engineer3,020 BBD-47%
HSE Officer1,870 BBD-67%
HSEQ Administrator2,190 BBD-62%
Inspector2,940 BBD-48%
Instructor2,410 BBD-58%
Instrument Designer2,370 BBD-58%
Lead Technical Field Advisor3,910 BBD-31%
Logistics and Tool Coordinator2,640 BBD-54%
Maintenance Engineer3,220 BBD-44%
Maintenance Superintendent2,820 BBD-51%
Material Controller2,140 BBD-62%
Mine Engineer2,960 BBD-48%
Mine Surveyor3,270 BBD-43%
Mining Project Administrator2,720 BBD-52%
Mining Project Assistant2,070 BBD-64%
Mining Project Controls Consultant3,340 BBD-41%
Mining Project Coordinator2,690 BBD-53%
Mining Project Engineer2,880 BBD-50%
Mining Project Manager4,030 BBD-29%
Mining Site Manager4,010 BBD-30%
Mining Team Leader3,160 BBD-45%
NDT Technician1,880 BBD-67%
Oil Service Unit Operator1,550 BBD-73%
Oil Trader4,030 BBD-29%
Oilwell Pumper1,170 BBD-79%
Petroleum Engineer 3,610 BBD-37%
Petroleum Geologist5,700 BBD-0%
Petroleum Pump System Operator1,780 BBD-69%
Pipeline Technician1,120 BBD-80%
Power Coordinator1,920 BBD-66%
Power Plant Operations Manager5,850 BBD+3%
Power Plant Operator2,580 BBD-55%
Radio Operator1,410 BBD-75%
Reliability Engineer3,030 BBD-47%
Reservoir Engineer2,950 BBD-48%
Risk Analyst3,860 BBD-32%
Roughneck3,140 BBD-45%
Scaffolder2,070 BBD-64%
Shutdown Engineer2,540 BBD-55%
Solar Energy Installation Manager4,560 BBD-20%
Solar Energy Systems Engineer3,270 BBD-43%
Solar Photovoltaic Installer1,900 BBD-67%
Solar Thermal Technician1,840 BBD-68%
Supply Operations Manager4,790 BBD-16%
Sustainability Specialist5,080 BBD-11%
System Development Advisor3,410 BBD-40%
Tanker Truck Driver1,250 BBD-78%
Utility Operator1,650 BBD-71%
Wind Energy Project Manager4,070 BBD-29%

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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