A person working as a Petroleum Geologist in Suriname typically earns around 8,690 SRD per month. Salaries range from 4,520 SRD (lowest) to 13,300 SRD (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 Suriname range from 4,520 SRD per month (minimum salary) to 13,300 SRD per month (maximum salary).
The median salary is 8,350 SRD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 8,350 SRD while the other half are earning more than 8,350 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.
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 5,790 SRD while 75% of them are earning more than 5,790 SRD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 10,400 SRD while 25% are earning more than 10,400 SRD.
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 5,140 SRD per month.
While someone with an experience level between two and five years is expected to earn 6,890 SRD per month, 34% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 8,960 SRD per month, 30% 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 10,800 SRD per month, 21% 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 11,900 SRD per month, 9% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 12,500 SRD per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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 6,630 SRD per month.
While someone with a Master's Degree gets a salary of 8,210 SRD per month, 24% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 13,100 SRD per month, 60% more than someone with a Master's Degree.
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 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 Suriname earn 8% more than their female counterparts on average.
Petroleum Geologist(s) in Suriname are likely to observe a salary increase of approximately 10% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 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 Suriname 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.
63% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 37% 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 Petroleum Geologist is 88% 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||4,900 SRD||-44%|
|Associate Analyst||5,230 SRD||-40%|
|Associate Landman||2,200 SRD||-75%|
|Auxiliary Equipment Operator||1,900 SRD||-78%|
|Biomass Plant Technician||2,350 SRD||-73%|
|Biomass Power Plant Manager||6,770 SRD||-22%|
|Chemical Plant Operator||3,980 SRD||-54%|
|Chief Contract Compliance Engineer||5,230 SRD||-40%|
|Completions Engineer||4,660 SRD||-46%|
|Cost Controller||3,550 SRD||-59%|
|Crude Oil Marketing Representative||5,050 SRD||-42%|
|Distribution Manager||6,840 SRD||-21%|
|Dragline Operator||2,280 SRD||-74%|
|Driller Offsider||1,830 SRD||-79%|
|Dump Truck Driver||1,830 SRD||-79%|
|Electric and Gas Operations Manager||11,600 SRD||+33%|
|Energy Advisor||7,790 SRD||-10%|
|Energy Analyst||6,830 SRD||-21%|
|Energy Auditor||6,060 SRD||-30%|
|Energy Dispatch Director||8,830 SRD||+2%|
|Energy Technical Assistant||3,060 SRD||-65%|
|Energy Technical Manager||6,230 SRD||-28%|
|Energy Technical Trainer||4,180 SRD||-52%|
|Exploration Manager||8,150 SRD||-6%|
|Field Safety Auditor||5,290 SRD||-39%|
|Fluids Engineer||4,760 SRD||-45%|
|Fuel Cell Engineer||5,040 SRD||-42%|
|Fuel Cell Technician||2,420 SRD||-72%|
|Fuels Handler||2,180 SRD||-75%|
|Gas Compressor Operator||2,190 SRD||-75%|
|Gas Distribution Plant Operator||4,070 SRD||-53%|
|Gas Supply Manager||7,170 SRD||-18%|
|Geothermal Production Manager||8,320 SRD||-4%|
|Geothermal Technician||3,430 SRD||-61%|
|HSE Engineer||4,910 SRD||-44%|
|HSE Officer||3,010 SRD||-65%|
|HSEQ Administrator||3,460 SRD||-60%|
|Instrument Designer||3,790 SRD||-56%|
|Lead Technical Field Advisor||6,540 SRD||-25%|
|Logistics and Tool Coordinator||4,040 SRD||-54%|
|Maintenance Engineer||4,980 SRD||-43%|
|Maintenance Superintendent||4,510 SRD||-48%|
|Material Controller||3,130 SRD||-64%|
|Mine Engineer||4,620 SRD||-47%|
|Mine Surveyor||5,300 SRD||-39%|
|Mining Project Administrator||4,180 SRD||-52%|
|Mining Project Assistant||3,390 SRD||-61%|
|Mining Project Controls Consultant||5,400 SRD||-38%|
|Mining Project Coordinator||4,440 SRD||-49%|
|Mining Project Engineer||4,510 SRD||-48%|
|Mining Project Manager||6,080 SRD||-30%|
|Mining Site Manager||6,380 SRD||-27%|
|Mining Team Leader||5,090 SRD||-41%|
|NDT Technician||2,990 SRD||-66%|
|Oil Service Unit Operator||2,570 SRD||-70%|
|Oil Trader||6,050 SRD||-30%|
|Oilwell Pumper||1,810 SRD||-79%|
|Petroleum Engineer||5,670 SRD||-35%|
|Petroleum Geologist||8,690 SRD||-0%|
|Petroleum Pump System Operator||2,590 SRD||-70%|
|Pipeline Technician||1,870 SRD||-78%|
|Power Coordinator||3,010 SRD||-65%|
|Power Plant Operations Manager||9,600 SRD||+10%|
|Power Plant Operator||4,180 SRD||-52%|
|Radio Operator||2,120 SRD||-76%|
|Reliability Engineer||4,630 SRD||-47%|
|Reservoir Engineer||4,340 SRD||-50%|
|Risk Analyst||5,980 SRD||-31%|
|Shutdown Engineer||3,890 SRD||-55%|
|Solar Energy Installation Manager||7,290 SRD||-16%|
|Solar Energy Systems Engineer||5,160 SRD||-41%|
|Solar Photovoltaic Installer||3,280 SRD||-62%|
|Solar Thermal Technician||3,130 SRD||-64%|
|Supply Operations Manager||7,740 SRD||-11%|
|Sustainability Specialist||7,950 SRD||-9%|
|System Development Advisor||5,330 SRD||-39%|
|Tanker Truck Driver||1,890 SRD||-78%|
|Utility Operator||2,630 SRD||-70%|
|Wind Energy Project Manager||7,090 SRD||-18%|
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.