Oil / Gas / Energy / Mining Average Salaries in Suriname 2023
How much money does a person working in Oil / Gas / Energy / Mining make in Suriname?
LOW
1,680
SRD AVERAGE
4,630
SRD HIGH
10,700
SRD
A person working in Oil / Gas / Energy / Mining in Suriname typically earns around 4,630 SRD per month. Salaries range from 1,680 SRD (lowest average) to 10,700 SRD (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 Title | Average Salary |
| Assistant Yard Manager | 4,900 SRD |
| Associate Analyst | 5,230 SRD |
| Associate Landman | 2,200 SRD |
| Auxiliary Equipment Operator | 1,900 SRD |
| Biomass Plant Technician | 2,350 SRD |
| Biomass Power Plant Manager | 6,770 SRD |
| Chemical Plant Operator | 3,980 SRD |
| Chief Contract Compliance Engineer | 5,230 SRD |
| Completions Engineer | 4,660 SRD |
| Cost Controller | 3,550 SRD |
| Crude Oil Marketing Representative | 5,050 SRD |
| Dispatcher | 2,180 SRD |
| Distribution Manager | 6,840 SRD |
| Dragline Operator | 2,280 SRD |
| Driller Offsider | 1,830 SRD |
| Dump Truck Driver | 1,830 SRD |
| Electric and Gas Operations Manager | 11,600 SRD |
| Energy Advisor | 7,790 SRD |
| Energy Analyst | 6,830 SRD |
| Energy Auditor | 6,060 SRD |
| Energy Dispatch Director | 8,830 SRD |
| Energy Technical Assistant | 3,060 SRD |
| Energy Technical Manager | 6,230 SRD |
| Energy Technical Trainer | 4,180 SRD |
| Exploration Manager | 8,150 SRD |
| Field Safety Auditor | 5,290 SRD |
| Fluids Engineer | 4,760 SRD |
| Fuel Cell Engineer | 5,040 SRD |
| Fuel Cell Technician | 2,420 SRD |
| Fuels Handler | 2,180 SRD |
| Gas Compressor Operator | 2,190 SRD |
| Gas Distribution Plant Operator | 4,070 SRD |
| Gas Supply Manager | 7,170 SRD |
| Geologist | 8,540 SRD |
| Geophysicist | 8,830 SRD |
| Geothermal Production Manager | 8,320 SRD |
| Geothermal Technician | 3,430 SRD |
| HSE Engineer | 4,910 SRD |
| HSE Officer | 3,010 SRD |
| HSEQ Administrator | 3,460 SRD |
| Inspector | 4,420 SRD |
| Instructor | 3,940 SRD |
| Instrument Designer | 3,790 SRD |
| Lead Technical Field Advisor | 6,540 SRD |
| Logistics and Tool Coordinator | 4,040 SRD |
| Maintenance Engineer | 4,980 SRD |
| Maintenance Superintendent | 4,510 SRD |
| Material Controller | 3,130 SRD |
| Mine Engineer | 4,620 SRD |
| Mine Surveyor | 5,300 SRD |
| Mining Project Administrator | 4,180 SRD |
| Mining Project Assistant | 3,390 SRD |
| Mining Project Controls Consultant | 5,400 SRD |
| Mining Project Coordinator | 4,440 SRD |
| Mining Project Engineer | 4,510 SRD |
| Mining Project Manager | 6,080 SRD |
| Mining Site Manager | 6,380 SRD |
| Mining Team Leader | 5,090 SRD |
| NDT Technician | 2,990 SRD |
| Oil Service Unit Operator | 2,570 SRD |
| Oil Trader | 6,050 SRD |
| Oilwell Pumper | 1,810 SRD |
| Petroleum Engineer | 5,670 SRD |
| Petroleum Geologist | 8,690 SRD |
| Petroleum Pump System Operator | 2,590 SRD |
| Pipeline Technician | 1,870 SRD |
| Power Coordinator | 3,010 SRD |
| Power Plant Operations Manager | 9,600 SRD |
| Power Plant Operator | 4,180 SRD |
| Radio Operator | 2,120 SRD |
| Reliability Engineer | 4,630 SRD |
| Reservoir Engineer | 4,340 SRD |
| Risk Analyst | 5,980 SRD |
| Roughneck | 5,100 SRD |
| Scaffolder | 3,240 SRD |
| Shutdown Engineer | 3,890 SRD |
| Solar Energy Installation Manager | 7,290 SRD |
| Solar Energy Systems Engineer | 5,160 SRD |
| Solar Photovoltaic Installer | 3,280 SRD |
| Solar Thermal Technician | 3,130 SRD |
| Supply Operations Manager | 7,740 SRD |
| Sustainability Specialist | 7,950 SRD |
| System Development Advisor | 5,330 SRD |
| Tanker Truck Driver | 1,890 SRD |
| Utility Operator | 2,630 SRD |
| Wind Energy Project Manager | 7,090 SRD |
Oil / Gas / Energy / Mining Jobs Salary Distribution in Suriname
The median, the maximum, the minimum, and the range
Salary Range
Oil / Gas / Energy / Mining salaries in Suriname range from 1,680 SRD per month (minimum average salary) to 10,700 SRD per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 4,720 SRD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 4,720 SRD while the other half are earning more than 4,720 SRD. 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 2,880 SRD while 75% of them are earning more than 2,880 SRD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 7,870 SRD while 25% are earning more than 7,870 SRD.
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?
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.
Salary Comparison By Education
How does the education level affect your salary?
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.
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 Suriname costs anywhere from 25,700 Surinam Dollar(s) to 77,100 Surinam 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
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Suriname who work in Oil / Gas / Energy / Mining earn 8% more than their female counterparts on average.
| Male | 4,770 SRD | |
| Female | -7% | 4,430 SRD |
Salary Comparison By Gender in Suriname for all Careers
Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Suriname
How much are annual salary increments in Suriname for Oil / Gas / Energy / Mining professionals? How often do employees get salary raises?
Oil / Gas / Energy / Mining
Oil / Gas / Energy / Mining professionals in Suriname are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.
Suriname / 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
Annual Increment Rate By Industry 2022
| Banking | 8% | |
| Energy | 7% | |
| Information Technology | 6% | |
| Healthcare | 5% | |
| Travel | 4% | |
| Construction | 3% | |
| Education | 2% |
Listed above are the average annual increase rates for each industry in Suriname for the year 2022. 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
Oil / Gas / Energy / Mining Bonus and Incentive Rates in Suriname
How much and how often are bonuses being awarded?
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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.
64% of surveyed staff in Oil / Gas / Energy / Mining reported that they haven't received any bonuses or incentives in the previous year while 36% 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.
| Received Bonus | 36% | |
| No Bonus | 64% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 Suriname
27 SRD per hourThe average hourly wage (pay per hour) in Suriname is 27 SRD. This means that the average person in Suriname earns approximately 27 SRD for every worked hour.
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
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 Suriname earn 17% more than their private sector counterparts on average across all sectors.
| Private Sector | 4,780 SRD | |
| Public Sector | +17% | 5,600 SRD |
