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

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


Average Monthly Salary
126,000 RSD
( 1,510,000 RSD yearly)

LOW
45,900
RSD
AVERAGE
126,000
RSD
HIGH
292,000
RSD

A person working in Oil / Gas / Energy / Mining in Serbia typically earns around 126,000 RSD per month. Salaries range from 45,900 RSD (lowest average) to 292,000 RSD (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 Manager120,000 RSD
Associate Analyst135,000 RSD
Associate Landman56,800 RSD
Auxiliary Equipment Operator51,600 RSD
Biomass Plant Technician59,000 RSD
Biomass Power Plant Manager168,000 RSD
Chemical Plant Operator103,000 RSD
Chief Contract Compliance Engineer130,000 RSD
Completions Engineer116,000 RSD
Cost Controller92,900 RSD
Crude Oil Marketing Representative128,000 RSD
Dispatcher53,000 RSD
Distribution Manager165,000 RSD
Dragline Operator60,700 RSD
Driller Offsider43,800 RSD
Dump Truck Driver48,600 RSD
Electric and Gas Operations Manager279,000 RSD
Energy Advisor185,000 RSD
Energy Analyst173,000 RSD
Energy Auditor152,000 RSD
Energy Dispatch Director208,000 RSD
Energy Technical Assistant79,700 RSD
Energy Technical Manager152,000 RSD
Energy Technical Trainer102,000 RSD
Exploration Manager210,000 RSD
Field Safety Auditor137,000 RSD
Fluids Engineer115,000 RSD
Fuel Cell Engineer125,000 RSD
Fuel Cell Technician59,100 RSD
Fuels Handler55,500 RSD
Gas Compressor Operator54,600 RSD
Gas Distribution Plant Operator100,000 RSD
Gas Supply Manager180,000 RSD
Geologist211,000 RSD
Geophysicist226,000 RSD
Geothermal Production Manager214,000 RSD
Geothermal Technician87,100 RSD
HSE Engineer125,000 RSD
HSE Officer75,500 RSD
HSEQ Administrator85,400 RSD
Inspector115,000 RSD
Instructor101,000 RSD
Instrument Designer94,900 RSD
Lead Technical Field Advisor155,000 RSD
Logistics and Tool Coordinator107,000 RSD
Maintenance Engineer120,000 RSD
Maintenance Superintendent113,000 RSD
Material Controller78,900 RSD
Mine Engineer113,000 RSD
Mine Surveyor134,000 RSD
Mining Project Administrator111,000 RSD
Mining Project Assistant86,700 RSD
Mining Project Controls Consultant136,000 RSD
Mining Project Coordinator104,000 RSD
Mining Project Engineer122,000 RSD
Mining Project Manager158,000 RSD
Mining Site Manager158,000 RSD
Mining Team Leader128,000 RSD
NDT Technician74,600 RSD
Oil Service Unit Operator66,400 RSD
Oil Trader157,000 RSD
Oilwell Pumper48,100 RSD
Petroleum Engineer 139,000 RSD
Petroleum Geologist229,000 RSD
Petroleum Pump System Operator65,400 RSD
Pipeline Technician48,500 RSD
Power Coordinator73,700 RSD
Power Plant Operations Manager246,000 RSD
Power Plant Operator95,700 RSD
Radio Operator54,800 RSD
Reliability Engineer122,000 RSD
Reservoir Engineer110,000 RSD
Risk Analyst144,000 RSD
Roughneck129,000 RSD
Scaffolder79,400 RSD
Shutdown Engineer103,000 RSD
Solar Energy Installation Manager182,000 RSD
Solar Energy Systems Engineer127,000 RSD
Solar Photovoltaic Installer79,800 RSD
Solar Thermal Technician75,200 RSD
Supply Operations Manager196,000 RSD
Sustainability Specialist194,000 RSD
System Development Advisor144,000 RSD
Tanker Truck Driver49,300 RSD
Utility Operator65,600 RSD
Wind Energy Project Manager174,000 RSD

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

Median and salary distribution monthly Serbia 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 Serbia range from 45,900 RSD per month (minimum average salary) to 292,000 RSD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 121,000 RSD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 121,000 RSD while the other half are earning more than 121,000 RSD. 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 75,200 RSD while 75% of them are earning more than 75,200 RSD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 198,000 RSD while 25% are earning more than 198,000 RSD.


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 Serbia costs anywhere from 701,000 Serbian Dinar(s) to 2,100,000 Serbian Dinar(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 Serbia 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 Serbia who work in Oil / Gas / Energy / Mining earn 5% more than their female counterparts on average.

Male
130,000 RSD
Female-5%
123,000 RSD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Serbia for all Careers

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

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

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Serbia are likely to observe a salary increase of approximately 9% every 18 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.

Annual Salary Increment Rate Serbia 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.

Serbia / 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 Serbia is 4%.

Annual Increment Rate By Industry 2019

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 Serbia 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 Serbia

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

53% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 47% 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
47%
No Bonus
53%

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 Serbia


730 RSD per hour

The average hourly wage (pay per hour) in Serbia is 730 RSD. This means that the average person in Serbia earns approximately 730 RSD 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 Serbia
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The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Belgrade138,000 RSD
Novi Sad131,000 RSD

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 Serbia earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
131,000 RSD
Public Sector+14%
150,000 RSD
Percentage increase and decrease are relative to the previous value

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