Petroleum Geologist Average Salary in Trinidad and Tobago 2022
How much money does a Petroleum Geologist make in Trinidad and Tobago?
LOW
7,870
TTD AVERAGE
17,100
TTD HIGH
27,200
TTD
A person working as a Petroleum Geologist in Trinidad and Tobago typically earns around 17,100 TTD per month. Salaries range from 7,870 TTD (lowest) to 27,200 TTD (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 Salary Distribution in Trinidad and Tobago
The median, the maximum, the minimum, and the range
Salary Range
Petroleum Geologist salaries in Trinidad and Tobago range from 7,870 TTD per month (minimum salary) to 27,200 TTD per month (maximum salary).
Median Salary
The median salary is 18,500 TTD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 18,500 TTD while the other half are earning more than 18,500 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 Petroleum Geologist(s) are earning less than 11,900 TTD while 75% of them are earning more than 11,900 TTD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 24,700 TTD while 25% are earning more than 24,700 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
Petroleum Geologist Salary Comparison by Years of Experience
How does experience and age affect your pay?
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 8,930 TTD per month.
While someone with an experience level between two and five years is expected to earn 11,900 TTD 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 17,600 TTD per month, 48% 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 21,500 TTD per month, 22% 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 23,400 TTD 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 25,400 TTD per month, 8% more than people with fifteen to twenty years of experience.
Petroleum Geologist average salary change by experience in Trinidad and Tobago
| 0 - 2 Years | 8,930 TTD | |
| 2 - 5 Years | +34% | 11,900 TTD |
| 5 - 10 Years | +48% | 17,600 TTD |
| 10 - 15 Years | +22% | 21,500 TTD |
| 15 - 20 Years | +9% | 23,400 TTD |
| 20+ Years | +8% | 25,400 TTD |
Typical Salary Progress for Most Careers
Petroleum Geologist Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Petroleum Geologist(s) who have the same experience but different education levels.
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 10,200 TTD per month.
While someone with a Master's Degree gets a salary of 16,000 TTD per month, 57% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 26,800 TTD per month, 68% more than someone with a Master's Degree.
Petroleum Geologist average salary difference by education level in Trinidad and Tobago
| Bachelor's Degree | 10,200 TTD | |
| Master's Degree | +57% | 16,000 TTD |
| PhD | +68% | 26,800 TTD |
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 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.
Typical Salary Difference by Education for Most Careers
Petroleum Geologist 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 Petroleum Geologist employees in Trinidad and Tobago earn 9% more than their female counterparts on average.
| Male | 17,800 TTD | |
| Female | -8% | 16,400 TTD |
Salary Comparison By Gender in Trinidad and Tobago for all Careers
Petroleum Geologist Average Annual Salary Increment Percentage in Trinidad and Tobago
How much are annual salary increments in Trinidad and Tobago for Petroleum Geologist(s)? How often do employees get salary raises?
Petroleum Geologist
Petroleum Geologist(s) in Trinidad and Tobago are likely to observe a salary increase of approximately 9% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
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
Annual Increment Rate By Industry 2021
| 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 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.
Worldwide Salary Raises: All Countries and All Jobs
Petroleum Geologist Bonus and Incentive Rates in Trinidad and Tobago
How much and how often are bonuses being awarded?
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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.
57% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 43% 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 | 43% | |
| No Bonus | 57% |
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.
Petroleum Geologist Average Hourly Wage in Trinidad and Tobago
99 TTD per hourThe average hourly wage (pay per hour) in Trinidad and Tobago is 99 TTD. This means that the average Petroleum Geologist in Trinidad and Tobago earns approximately 99 TTD 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.
Petroleum Geologist VS Other Jobs
The average salary for Petroleum Geologist is 95% more than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Assistant Yard Manager | 8,510 TTD |  -50% |
| Associate Analyst | 10,500 TTD | -39% |
| Associate Landman | 4,390 TTD | -74% |
| Auxiliary Equipment Operator | 3,650 TTD | -79% |
| Biomass Plant Technician | 4,370 TTD | -74% |
| Biomass Power Plant Manager | 12,800 TTD | -25% |
| Chemical Plant Operator | 7,170 TTD | -58% |
| Chief Contract Compliance Engineer | 9,870 TTD | -42% |
| Completions Engineer | 8,770 TTD | -49% |
| Cost Controller | 6,350 TTD | -63% |
| Crude Oil Marketing Representative | 10,300 TTD | -40% |
| Dispatcher | 3,810 TTD | -78% |
| Distribution Manager | 13,300 TTD | -22% |
| Dragline Operator | 4,430 TTD | -74% |
| Driller Offsider | 3,250 TTD | -81% |
| Dump Truck Driver | 3,590 TTD | -79% |
| Electric and Gas Operations Manager | 20,700 TTD |  +21% |
| Energy Advisor | 13,900 TTD | -19% |
| Energy Analyst | 12,600 TTD | -26% |
| Energy Auditor | 11,400 TTD | -33% |
| Energy Dispatch Director | 15,900 TTD | -7% |
| Energy Technical Assistant | 5,510 TTD | -68% |
| Energy Technical Manager | 10,800 TTD | -37% |
| Energy Technical Trainer | 8,060 TTD | -53% |
| Exploration Manager | 16,400 TTD | -4% |
| Field Safety Auditor | 10,600 TTD | -38% |
| Fluids Engineer | 9,270 TTD | -46% |
| Fuel Cell Engineer | 9,560 TTD | -44% |
| Fuel Cell Technician | 4,650 TTD | -73% |
| Fuels Handler | 4,450 TTD | -74% |
| Gas Compressor Operator | 4,100 TTD | -76% |
| Gas Distribution Plant Operator | 7,740 TTD | -55% |
| Gas Supply Manager | 13,400 TTD | -22% |
| Geologist | 16,200 TTD | -5% |
| Geophysicist | 16,200 TTD | -5% |
| Geothermal Production Manager | 15,100 TTD | -12% |
| Geothermal Technician | 6,310 TTD | -63% |
| HSE Engineer | 9,060 TTD | -47% |
| HSE Officer | 5,610 TTD | -67% |
| HSEQ Administrator | 6,560 TTD | -62% |
| Inspector | 8,810 TTD | -49% |
| Instructor | 7,230 TTD | -58% |
| Instrument Designer | 7,110 TTD | -58% |
| Lead Technical Field Advisor | 11,700 TTD | -32% |
| Logistics and Tool Coordinator | 7,920 TTD | -54% |
| Maintenance Engineer | 9,650 TTD | -44% |
| Maintenance Superintendent | 8,450 TTD | -51% |
| Material Controller | 6,430 TTD | -62% |
| Mine Engineer | 8,870 TTD | -48% |
| Mine Surveyor | 9,800 TTD | -43% |
| Mining Project Administrator | 8,160 TTD | -52% |
| Mining Project Assistant | 6,220 TTD | -64% |
| Mining Project Controls Consultant | 10,000 TTD | -42% |
| Mining Project Coordinator | 8,080 TTD | -53% |
| Mining Project Engineer | 8,640 TTD | -50% |
| Mining Project Manager | 12,100 TTD | -29% |
| Mining Site Manager | 12,000 TTD | -30% |
| Mining Team Leader | 9,480 TTD | -45% |
| NDT Technician | 5,640 TTD | -67% |
| Oil Service Unit Operator | 4,660 TTD | -73% |
| Oil Trader | 12,100 TTD | -29% |
| Oilwell Pumper | 3,510 TTD | -79% |
| Petroleum Engineer | 10,800 TTD | -37% |
| Petroleum Geologist | 17,100 TTD | -0% |
| Petroleum Pump System Operator | 5,330 TTD | -69% |
| Pipeline Technician | 3,370 TTD | -80% |
| Power Coordinator | 5,760 TTD | -66% |
| Power Plant Operations Manager | 17,600 TTD | +3% |
| Power Plant Operator | 7,730 TTD | -55% |
| Radio Operator | 4,230 TTD | -75% |
| Reliability Engineer | 9,100 TTD | -47% |
| Reservoir Engineer | 8,860 TTD | -48% |
| Risk Analyst | 11,600 TTD | -32% |
| Roughneck | 9,420 TTD | -45% |
| Scaffolder | 6,220 TTD | -64% |
| Shutdown Engineer | 7,620 TTD | -55% |
| Solar Energy Installation Manager | 13,700 TTD | -20% |
| Solar Energy Systems Engineer | 9,800 TTD | -43% |
| Solar Photovoltaic Installer | 5,710 TTD | -67% |
| Solar Thermal Technician | 5,530 TTD | -68% |
| Supply Operations Manager | 14,400 TTD | -16% |
| Sustainability Specialist | 15,200 TTD | -11% |
| System Development Advisor | 10,200 TTD | -40% |
| Tanker Truck Driver | 3,750 TTD | -78% |
| Utility Operator | 4,960 TTD | -71% |
| Wind Energy Project Manager | 12,200 TTD | -29% |
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 |
