A person working as a Petroleum Geologist in Solomon Islands typically earns around 9,670 SBD per month. Salaries range from 4,740 SBD (lowest) to 15,100 SBD (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 Solomon Islands range from 4,740 SBD per month (minimum salary) to 15,100 SBD per month (maximum salary).
The median salary is 9,870 SBD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 9,870 SBD while the other half are earning more than 9,870 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 Petroleum Geologist(s) are earning less than 6,570 SBD while 75% of them are earning more than 6,570 SBD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 12,700 SBD while 25% are earning more than 12,700 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 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 5,620 SBD per month.
While someone with an experience level between two and five years is expected to earn 7,220 SBD 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 9,970 SBD 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 12,300 SBD 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 13,200 SBD 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 14,100 SBD 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 6,600 SBD per month.
While someone with a Master's Degree gets a salary of 9,090 SBD per month, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 14,900 SBD per month, 64% more than someone with a Master's Degree.
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 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 Solomon Islands earn 10% more than their female counterparts on average.
Petroleum Geologist(s) in Solomon Islands are likely to observe a salary increase of approximately 8% every 29 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 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.
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.
61% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 39% 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 69% 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||5,320 SBD||-45%|
|Associate Analyst||6,270 SBD||-35%|
|Associate Landman||2,630 SBD||-73%|
|Auxiliary Equipment Operator||2,320 SBD||-76%|
|Biomass Plant Technician||2,730 SBD||-72%|
|Biomass Power Plant Manager||7,830 SBD||-19%|
|Chemical Plant Operator||4,390 SBD||-55%|
|Chief Contract Compliance Engineer||5,690 SBD||-41%|
|Completions Engineer||5,470 SBD||-43%|
|Cost Controller||3,970 SBD||-59%|
|Crude Oil Marketing Representative||5,820 SBD||-40%|
|Distribution Manager||7,830 SBD||-19%|
|Dragline Operator||2,550 SBD||-74%|
|Driller Offsider||1,950 SBD||-80%|
|Dump Truck Driver||2,190 SBD||-77%|
|Electric and Gas Operations Manager||12,400 SBD||+28%|
|Energy Advisor||8,200 SBD||-15%|
|Energy Analyst||8,050 SBD||-17%|
|Energy Auditor||7,090 SBD||-27%|
|Energy Dispatch Director||9,340 SBD||-3%|
|Energy Technical Assistant||3,440 SBD||-64%|
|Energy Technical Manager||6,760 SBD||-30%|
|Energy Technical Trainer||4,740 SBD||-51%|
|Exploration Manager||9,470 SBD||-2%|
|Field Safety Auditor||6,220 SBD||-36%|
|Fluids Engineer||5,450 SBD||-44%|
|Fuel Cell Engineer||5,730 SBD||-41%|
|Fuel Cell Technician||2,730 SBD||-72%|
|Fuels Handler||2,520 SBD||-74%|
|Gas Compressor Operator||2,360 SBD||-76%|
|Gas Distribution Plant Operator||4,370 SBD||-55%|
|Gas Supply Manager||8,210 SBD||-15%|
|Geothermal Production Manager||9,070 SBD||-6%|
|Geothermal Technician||3,710 SBD||-62%|
|HSE Engineer||5,320 SBD||-45%|
|HSE Officer||3,230 SBD||-67%|
|HSEQ Administrator||4,020 SBD||-58%|
|Instrument Designer||4,440 SBD||-54%|
|Lead Technical Field Advisor||7,470 SBD||-23%|
|Logistics and Tool Coordinator||4,850 SBD||-50%|
|Maintenance Engineer||5,680 SBD||-41%|
|Maintenance Superintendent||4,970 SBD||-49%|
|Material Controller||3,560 SBD||-63%|
|Mine Engineer||5,210 SBD||-46%|
|Mine Surveyor||6,250 SBD||-35%|
|Mining Project Administrator||5,090 SBD||-47%|
|Mining Project Assistant||4,040 SBD||-58%|
|Mining Project Controls Consultant||6,380 SBD||-34%|
|Mining Project Coordinator||5,040 SBD||-48%|
|Mining Project Engineer||5,500 SBD||-43%|
|Mining Project Manager||7,260 SBD||-25%|
|Mining Site Manager||7,370 SBD||-24%|
|Mining Team Leader||5,920 SBD||-39%|
|NDT Technician||3,520 SBD||-64%|
|Oil Service Unit Operator||2,850 SBD||-71%|
|Oil Trader||7,120 SBD||-26%|
|Oilwell Pumper||2,020 SBD||-79%|
|Petroleum Engineer||6,130 SBD||-37%|
|Petroleum Geologist||9,670 SBD||-0%|
|Petroleum Pump System Operator||2,960 SBD||-69%|
|Pipeline Technician||2,060 SBD||-79%|
|Power Coordinator||3,450 SBD||-64%|
|Power Plant Operations Manager||10,500 SBD||+9%|
|Power Plant Operator||4,280 SBD||-56%|
|Radio Operator||2,540 SBD||-74%|
|Reliability Engineer||5,570 SBD||-42%|
|Reservoir Engineer||5,010 SBD||-48%|
|Risk Analyst||6,810 SBD||-30%|
|Shutdown Engineer||4,660 SBD||-52%|
|Solar Energy Installation Manager||7,880 SBD||-19%|
|Solar Energy Systems Engineer||5,540 SBD||-43%|
|Solar Photovoltaic Installer||3,500 SBD||-64%|
|Solar Thermal Technician||3,320 SBD||-66%|
|Supply Operations Manager||8,970 SBD||-7%|
|Sustainability Specialist||8,430 SBD||-13%|
|System Development Advisor||6,510 SBD||-33%|
|Tanker Truck Driver||2,080 SBD||-78%|
|Utility Operator||3,090 SBD||-68%|
|Wind Energy Project Manager||7,790 SBD||-19%|
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.