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.
|Job Title||Average Salary|
|Assistant Yard Manager||5,320 SBD|
|Associate Analyst||6,270 SBD|
|Associate Landman||2,630 SBD|
|Auxiliary Equipment Operator||2,320 SBD|
|Biomass Plant Technician||2,730 SBD|
|Biomass Power Plant Manager||7,830 SBD|
|Chemical Plant Operator||4,390 SBD|
|Chief Contract Compliance Engineer||5,690 SBD|
|Completions Engineer||5,470 SBD|
|Cost Controller||3,970 SBD|
|Crude Oil Marketing Representative||5,820 SBD|
|Distribution Manager||7,830 SBD|
|Dragline Operator||2,550 SBD|
|Driller Offsider||1,950 SBD|
|Dump Truck Driver||2,190 SBD|
|Electric and Gas Operations Manager||12,400 SBD|
|Energy Advisor||8,200 SBD|
|Energy Analyst||8,050 SBD|
|Energy Auditor||7,090 SBD|
|Energy Dispatch Director||9,340 SBD|
|Energy Technical Assistant||3,440 SBD|
|Energy Technical Manager||6,760 SBD|
|Energy Technical Trainer||4,740 SBD|
|Exploration Manager||9,470 SBD|
|Field Safety Auditor||6,220 SBD|
|Fluids Engineer||5,450 SBD|
|Fuel Cell Engineer||5,730 SBD|
|Fuel Cell Technician||2,730 SBD|
|Fuels Handler||2,520 SBD|
|Gas Compressor Operator||2,360 SBD|
|Gas Distribution Plant Operator||4,370 SBD|
|Gas Supply Manager||8,210 SBD|
|Geothermal Production Manager||9,070 SBD|
|Geothermal Technician||3,710 SBD|
|HSE Engineer||5,320 SBD|
|HSE Officer||3,230 SBD|
|HSEQ Administrator||4,020 SBD|
|Instrument Designer||4,440 SBD|
|Lead Technical Field Advisor||7,470 SBD|
|Logistics and Tool Coordinator||4,850 SBD|
|Maintenance Engineer||5,680 SBD|
|Maintenance Superintendent||4,970 SBD|
|Material Controller||3,560 SBD|
|Mine Engineer||5,210 SBD|
|Mine Surveyor||6,250 SBD|
|Mining Project Administrator||5,090 SBD|
|Mining Project Assistant||4,040 SBD|
|Mining Project Controls Consultant||6,380 SBD|
|Mining Project Coordinator||5,040 SBD|
|Mining Project Engineer||5,500 SBD|
|Mining Project Manager||7,260 SBD|
|Mining Site Manager||7,370 SBD|
|Mining Team Leader||5,920 SBD|
|NDT Technician||3,520 SBD|
|Oil Service Unit Operator||2,850 SBD|
|Oil Trader||7,120 SBD|
|Oilwell Pumper||2,020 SBD|
|Petroleum Engineer||6,130 SBD|
|Petroleum Geologist||9,670 SBD|
|Petroleum Pump System Operator||2,960 SBD|
|Pipeline Technician||2,060 SBD|
|Power Coordinator||3,450 SBD|
|Power Plant Operations Manager||10,500 SBD|
|Power Plant Operator||4,280 SBD|
|Radio Operator||2,540 SBD|
|Reliability Engineer||5,570 SBD|
|Reservoir Engineer||5,010 SBD|
|Risk Analyst||6,810 SBD|
|Shutdown Engineer||4,660 SBD|
|Solar Energy Installation Manager||7,880 SBD|
|Solar Energy Systems Engineer||5,540 SBD|
|Solar Photovoltaic Installer||3,500 SBD|
|Solar Thermal Technician||3,320 SBD|
|Supply Operations Manager||8,970 SBD|
|Sustainability Specialist||8,430 SBD|
|System Development Advisor||6,510 SBD|
|Tanker Truck Driver||2,080 SBD|
|Utility Operator||3,090 SBD|
|Wind Energy Project Manager||7,790 SBD|
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).
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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 Solomon Islands 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.
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.
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 Oil / Gas / Energy / Mining is 10% less than that of All Jobs.
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.