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Oil / Gas / Energy / Mining Average Salaries in Trinidad and Tobago 2020

How much money does a person working in Oil / Gas / Energy / Mining make in Trinidad and Tobago?


Average Monthly Salary
8,800 TTD
( 106,000 TTD yearly)

LOW
3,200
TTD
AVERAGE
8,800
TTD
HIGH
20,300
TTD

A person working in Oil / Gas / Energy / Mining in Trinidad and Tobago typically earns around 8,800 TTD per month. Salaries range from 3,200 TTD (lowest average) to 20,300 TTD (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 Manager8,510 TTD
Associate Analyst10,500 TTD
Associate Landman4,390 TTD
Auxiliary Equipment Operator3,650 TTD
Biomass Plant Technician4,370 TTD
Biomass Power Plant Manager12,800 TTD
Chemical Plant Operator7,170 TTD
Chief Contract Compliance Engineer9,870 TTD
Completions Engineer8,770 TTD
Cost Controller6,350 TTD
Crude Oil Marketing Representative10,300 TTD
Dispatcher3,810 TTD
Distribution Manager13,300 TTD
Dragline Operator4,430 TTD
Driller Offsider3,250 TTD
Dump Truck Driver3,590 TTD
Electric and Gas Operations Manager20,700 TTD
Energy Advisor13,900 TTD
Energy Analyst12,600 TTD
Energy Auditor11,400 TTD
Energy Dispatch Director15,900 TTD
Energy Technical Assistant5,510 TTD
Energy Technical Manager10,800 TTD
Energy Technical Trainer8,060 TTD
Exploration Manager16,400 TTD
Field Safety Auditor10,600 TTD
Fluids Engineer9,270 TTD
Fuel Cell Engineer9,560 TTD
Fuel Cell Technician4,650 TTD
Fuels Handler4,450 TTD
Gas Compressor Operator4,100 TTD
Gas Distribution Plant Operator7,740 TTD
Gas Supply Manager13,400 TTD
Geologist16,200 TTD
Geophysicist16,200 TTD
Geothermal Production Manager15,100 TTD
Geothermal Technician6,310 TTD
HSE Engineer9,060 TTD
HSE Officer5,610 TTD
HSEQ Administrator6,560 TTD
Inspector8,810 TTD
Instructor7,230 TTD
Instrument Designer7,110 TTD
Lead Technical Field Advisor11,700 TTD
Logistics and Tool Coordinator7,920 TTD
Maintenance Engineer9,650 TTD
Maintenance Superintendent8,450 TTD
Material Controller6,430 TTD
Mine Engineer8,870 TTD
Mine Surveyor9,800 TTD
Mining Project Administrator8,160 TTD
Mining Project Assistant6,220 TTD
Mining Project Controls Consultant10,000 TTD
Mining Project Coordinator8,080 TTD
Mining Project Engineer8,640 TTD
Mining Project Manager12,100 TTD
Mining Site Manager12,000 TTD
Mining Team Leader9,480 TTD
NDT Technician5,640 TTD
Oil Service Unit Operator4,660 TTD
Oil Trader12,100 TTD
Oilwell Pumper3,510 TTD
Petroleum Engineer 10,800 TTD
Petroleum Geologist17,100 TTD
Petroleum Pump System Operator5,330 TTD
Pipeline Technician3,370 TTD
Power Coordinator5,760 TTD
Power Plant Operations Manager17,600 TTD
Power Plant Operator7,730 TTD
Radio Operator4,230 TTD
Reliability Engineer9,100 TTD
Reservoir Engineer8,860 TTD
Risk Analyst11,600 TTD
Roughneck9,420 TTD
Scaffolder6,220 TTD
Shutdown Engineer7,620 TTD
Solar Energy Installation Manager13,700 TTD
Solar Energy Systems Engineer9,800 TTD
Solar Photovoltaic Installer5,710 TTD
Solar Thermal Technician5,530 TTD
Supply Operations Manager14,400 TTD
Sustainability Specialist15,200 TTD
System Development Advisor10,200 TTD
Tanker Truck Driver3,750 TTD
Utility Operator4,960 TTD
Wind Energy Project Manager12,200 TTD

Oil / Gas / Energy / Mining Jobs Salary Distribution in Trinidad and Tobago

Median and salary distribution monthly Trinidad and Tobago 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 Trinidad and Tobago range from 3,200 TTD per month (minimum average salary) to 20,300 TTD per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 9,500 TTD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 9,500 TTD while the other half are earning more than 9,500 TTD. 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 5,710 TTD while 75% of them are earning more than 5,710 TTD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 16,100 TTD while 25% are earning more than 16,100 TTD.


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 Trinidad and Tobago costs anywhere from 48,800 Trinidad and Tobago Dollar(s) to 147,000 Trinidad and Tobago 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 Trinidad and Tobago 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 Trinidad and Tobago who work in Oil / Gas / Energy / Mining earn 9% more than their female counterparts on average.

Male
9,170 TTD
Female-8%
8,430 TTD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Trinidad and Tobago for all Careers

Salary comparison by gender monthly Trinidad and Tobago
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Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Trinidad and Tobago

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

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Trinidad and Tobago 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 Trinidad and Tobago 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.

Trinidad and Tobago / 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 Trinidad and Tobago is 2%.

Annual Increment Rate By Industry 2019

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Trinidad and Tobago 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 Trinidad and Tobago

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Trinidad and Tobago 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.

61% of surveyed staff in Oil / Gas / Energy / Mining 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 2% to 7% of their annual salary.

Received Bonus
39%
No Bonus
61%

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 Trinidad and Tobago


51 TTD per hour

The average hourly wage (pay per hour) in Trinidad and Tobago is 51 TTD. This means that the average person in Trinidad and Tobago earns approximately 51 TTD 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 Trinidad and Tobago
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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 Trinidad and Tobago earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
9,280 TTD
Public Sector+14%
10,600 TTD
Percentage increase and decrease are relative to the previous value

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