A person working as a Petroleum Geologist in Serbia typically earns around 229,000 RSD per month. Salaries range from 112,000 RSD (lowest) to 357,000 RSD (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 Serbia range from 112,000 RSD per month (minimum salary) to 357,000 RSD per month (maximum salary).
The median salary is 233,000 RSD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 233,000 RSD while the other half are earning more than 233,000 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.
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 155,000 RSD while 75% of them are earning more than 155,000 RSD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 301,000 RSD while 25% are earning more than 301,000 RSD.
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 133,000 RSD per month.
While someone with an experience level between two and five years is expected to earn 171,000 RSD 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 236,000 RSD 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 292,000 RSD 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 313,000 RSD 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 333,000 RSD 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 156,000 RSD per month.
While someone with a Master's Degree gets a salary of 215,000 RSD per month, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 352,000 RSD per month, 64% more than someone with a Master's Degree.
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 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 Serbia earn 5% more than their female counterparts on average.
Petroleum Geologist(s) in Serbia are likely to observe a salary increase of approximately 12% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 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 Serbia 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.
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.
46% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 54% 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 81% 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||120,000 RSD||-48%|
|Associate Analyst||135,000 RSD||-41%|
|Associate Landman||56,800 RSD||-75%|
|Auxiliary Equipment Operator||51,600 RSD||-77%|
|Biomass Plant Technician||59,000 RSD||-74%|
|Biomass Power Plant Manager||168,000 RSD||-27%|
|Chemical Plant Operator||103,000 RSD||-55%|
|Chief Contract Compliance Engineer||130,000 RSD||-43%|
|Completions Engineer||116,000 RSD||-49%|
|Cost Controller||92,900 RSD||-59%|
|Crude Oil Marketing Representative||128,000 RSD||-44%|
|Distribution Manager||165,000 RSD||-28%|
|Dragline Operator||60,700 RSD||-73%|
|Driller Offsider||43,800 RSD||-81%|
|Dump Truck Driver||48,600 RSD||-79%|
|Electric and Gas Operations Manager||279,000 RSD||+22%|
|Energy Advisor||185,000 RSD||-19%|
|Energy Analyst||173,000 RSD||-24%|
|Energy Auditor||152,000 RSD||-34%|
|Energy Dispatch Director||208,000 RSD||-9%|
|Energy Technical Assistant||79,700 RSD||-65%|
|Energy Technical Manager||152,000 RSD||-34%|
|Energy Technical Trainer||102,000 RSD||-55%|
|Exploration Manager||210,000 RSD||-8%|
|Field Safety Auditor||137,000 RSD||-40%|
|Fluids Engineer||115,000 RSD||-50%|
|Fuel Cell Engineer||125,000 RSD||-45%|
|Fuel Cell Technician||59,100 RSD||-74%|
|Fuels Handler||55,500 RSD||-76%|
|Gas Compressor Operator||54,600 RSD||-76%|
|Gas Distribution Plant Operator||100,000 RSD||-56%|
|Gas Supply Manager||180,000 RSD||-21%|
|Geothermal Production Manager||214,000 RSD||-6%|
|Geothermal Technician||87,100 RSD||-62%|
|HSE Engineer||125,000 RSD||-45%|
|HSE Officer||75,500 RSD||-67%|
|HSEQ Administrator||85,400 RSD||-63%|
|Instrument Designer||94,900 RSD||-58%|
|Lead Technical Field Advisor||155,000 RSD||-32%|
|Logistics and Tool Coordinator||107,000 RSD||-53%|
|Maintenance Engineer||120,000 RSD||-48%|
|Maintenance Superintendent||113,000 RSD||-51%|
|Material Controller||78,900 RSD||-65%|
|Mine Engineer||113,000 RSD||-51%|
|Mine Surveyor||134,000 RSD||-41%|
|Mining Project Administrator||111,000 RSD||-51%|
|Mining Project Assistant||86,700 RSD||-62%|
|Mining Project Controls Consultant||136,000 RSD||-41%|
|Mining Project Coordinator||104,000 RSD||-55%|
|Mining Project Engineer||122,000 RSD||-47%|
|Mining Project Manager||158,000 RSD||-31%|
|Mining Site Manager||158,000 RSD||-31%|
|Mining Team Leader||128,000 RSD||-44%|
|NDT Technician||74,600 RSD||-67%|
|Oil Service Unit Operator||66,400 RSD||-71%|
|Oil Trader||157,000 RSD||-31%|
|Oilwell Pumper||48,100 RSD||-79%|
|Petroleum Engineer||139,000 RSD||-39%|
|Petroleum Geologist||229,000 RSD||+0%|
|Petroleum Pump System Operator||65,400 RSD||-71%|
|Pipeline Technician||48,500 RSD||-79%|
|Power Coordinator||73,700 RSD||-68%|
|Power Plant Operations Manager||246,000 RSD||+8%|
|Power Plant Operator||95,700 RSD||-58%|
|Radio Operator||54,800 RSD||-76%|
|Reliability Engineer||122,000 RSD||-47%|
|Reservoir Engineer||110,000 RSD||-52%|
|Risk Analyst||144,000 RSD||-37%|
|Shutdown Engineer||103,000 RSD||-55%|
|Solar Energy Installation Manager||182,000 RSD||-20%|
|Solar Energy Systems Engineer||127,000 RSD||-44%|
|Solar Photovoltaic Installer||79,800 RSD||-65%|
|Solar Thermal Technician||75,200 RSD||-67%|
|Supply Operations Manager||196,000 RSD||-14%|
|Sustainability Specialist||194,000 RSD||-15%|
|System Development Advisor||144,000 RSD||-37%|
|Tanker Truck Driver||49,300 RSD||-78%|
|Utility Operator||65,600 RSD||-71%|
|Wind Energy Project Manager||174,000 RSD||-24%|
|Novi Sad||227,000 RSD|
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.