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Oil / Gas / Energy / Mining Average Salaries in Solomon Islands 2020

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


Average Monthly Salary
5,710 SBD
( 68,600 SBD yearly)

LOW
2,080
SBD
AVERAGE
5,710
SBD
HIGH
13,200
SBD

A person working in Oil / Gas / Energy / Mining in Solomon Islands typically earns around 5,710 SBD per month. Salaries range from 2,080 SBD (lowest average) to 13,200 SBD (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 Manager5,320 SBD
Associate Analyst6,270 SBD
Associate Landman2,630 SBD
Auxiliary Equipment Operator2,320 SBD
Biomass Plant Technician2,730 SBD
Biomass Power Plant Manager7,830 SBD
Chemical Plant Operator4,390 SBD
Chief Contract Compliance Engineer5,690 SBD
Completions Engineer5,470 SBD
Cost Controller3,970 SBD
Crude Oil Marketing Representative5,820 SBD
Dispatcher2,380 SBD
Distribution Manager7,830 SBD
Dragline Operator2,550 SBD
Driller Offsider1,950 SBD
Dump Truck Driver2,190 SBD
Electric and Gas Operations Manager12,400 SBD
Energy Advisor8,200 SBD
Energy Analyst8,050 SBD
Energy Auditor7,090 SBD
Energy Dispatch Director9,340 SBD
Energy Technical Assistant3,440 SBD
Energy Technical Manager6,760 SBD
Energy Technical Trainer4,740 SBD
Exploration Manager9,470 SBD
Field Safety Auditor6,220 SBD
Fluids Engineer5,450 SBD
Fuel Cell Engineer5,730 SBD
Fuel Cell Technician2,730 SBD
Fuels Handler2,520 SBD
Gas Compressor Operator2,360 SBD
Gas Distribution Plant Operator4,370 SBD
Gas Supply Manager8,210 SBD
Geologist9,700 SBD
Geophysicist10,500 SBD
Geothermal Production Manager9,070 SBD
Geothermal Technician3,710 SBD
HSE Engineer5,320 SBD
HSE Officer3,230 SBD
HSEQ Administrator4,020 SBD
Inspector5,280 SBD
Instructor4,700 SBD
Instrument Designer4,440 SBD
Lead Technical Field Advisor7,470 SBD
Logistics and Tool Coordinator4,850 SBD
Maintenance Engineer5,680 SBD
Maintenance Superintendent4,970 SBD
Material Controller3,560 SBD
Mine Engineer5,210 SBD
Mine Surveyor6,250 SBD
Mining Project Administrator5,090 SBD
Mining Project Assistant4,040 SBD
Mining Project Controls Consultant6,380 SBD
Mining Project Coordinator5,040 SBD
Mining Project Engineer5,500 SBD
Mining Project Manager7,260 SBD
Mining Site Manager7,370 SBD
Mining Team Leader5,920 SBD
NDT Technician3,520 SBD
Oil Service Unit Operator2,850 SBD
Oil Trader7,120 SBD
Oilwell Pumper2,020 SBD
Petroleum Engineer 6,130 SBD
Petroleum Geologist9,670 SBD
Petroleum Pump System Operator2,960 SBD
Pipeline Technician2,060 SBD
Power Coordinator3,450 SBD
Power Plant Operations Manager10,500 SBD
Power Plant Operator4,280 SBD
Radio Operator2,540 SBD
Reliability Engineer5,570 SBD
Reservoir Engineer5,010 SBD
Risk Analyst6,810 SBD
Roughneck5,650 SBD
Scaffolder3,440 SBD
Shutdown Engineer4,660 SBD
Solar Energy Installation Manager7,880 SBD
Solar Energy Systems Engineer5,540 SBD
Solar Photovoltaic Installer3,500 SBD
Solar Thermal Technician3,320 SBD
Supply Operations Manager8,970 SBD
Sustainability Specialist8,430 SBD
System Development Advisor6,510 SBD
Tanker Truck Driver2,080 SBD
Utility Operator3,090 SBD
Wind Energy Project Manager7,790 SBD

Oil / Gas / Energy / Mining Jobs Salary Distribution in Solomon Islands

Median and salary distribution monthly Solomon Islands 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 Solomon Islands range from 2,080 SBD per month (minimum average salary) to 13,200 SBD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 5,490 SBD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 5,490 SBD while the other half are earning more than 5,490 SBD. 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 3,400 SBD while 75% of them are earning more than 3,400 SBD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 8,980 SBD while 25% are earning more than 8,980 SBD.


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 Solomon Islands costs anywhere from 31,700 Solomon Islands Dollar(s) to 95,200 Solomon Islands 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 Solomon Islands 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 Solomon Islands who work in Oil / Gas / Energy / Mining earn 10% more than their female counterparts on average.

Male
6,040 SBD
Female-9%
5,500 SBD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Solomon Islands for all Careers

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

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

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Solomon Islands 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 Solomon Islands 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.

Solomon Islands / 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 Solomon Islands 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 Solomon Islands 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 Solomon Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Solomon Islands 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 Solomon Islands


33 SBD per hour

The average hourly wage (pay per hour) in Solomon Islands is 33 SBD. This means that the average person in Solomon Islands earns approximately 33 SBD 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 Solomon Islands
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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 Solomon Islands earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
5,960 SBD
Public Sector+11%
6,600 SBD
Percentage increase and decrease are relative to the previous value

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