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Oil / Gas / Energy / Mining Average Salaries in Bolivia 2020

How much money does a person working in Oil / Gas / Energy / Mining make in Bolivia?


Average Monthly Salary
7,680 BOB
( 92,100 BOB yearly)

LOW
2,790
BOB
AVERAGE
7,680
BOB
HIGH
17,800
BOB

A person working in Oil / Gas / Energy / Mining in Bolivia typically earns around 7,680 BOB per month. Salaries range from 2,790 BOB (lowest average) to 17,800 BOB (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 Manager7,650 BOB
Associate Analyst8,490 BOB
Associate Landman3,570 BOB
Auxiliary Equipment Operator3,220 BOB
Biomass Plant Technician4,050 BOB
Biomass Power Plant Manager10,800 BOB
Chemical Plant Operator6,330 BOB
Chief Contract Compliance Engineer8,000 BOB
Completions Engineer7,260 BOB
Cost Controller5,540 BOB
Crude Oil Marketing Representative8,710 BOB
Dispatcher3,410 BOB
Distribution Manager11,300 BOB
Dragline Operator3,850 BOB
Driller Offsider2,970 BOB
Dump Truck Driver3,230 BOB
Electric and Gas Operations Manager18,900 BOB
Energy Advisor11,700 BOB
Energy Analyst11,600 BOB
Energy Auditor10,400 BOB
Energy Dispatch Director13,200 BOB
Energy Technical Assistant4,780 BOB
Energy Technical Manager9,730 BOB
Energy Technical Trainer6,930 BOB
Exploration Manager13,800 BOB
Field Safety Auditor8,780 BOB
Fluids Engineer7,890 BOB
Fuel Cell Engineer8,200 BOB
Fuel Cell Technician4,010 BOB
Fuels Handler3,770 BOB
Gas Compressor Operator3,340 BOB
Gas Distribution Plant Operator6,360 BOB
Gas Supply Manager12,600 BOB
Geologist13,900 BOB
Geophysicist14,600 BOB
Geothermal Production Manager13,500 BOB
Geothermal Technician5,680 BOB
HSE Engineer8,150 BOB
HSE Officer5,080 BOB
HSEQ Administrator5,510 BOB
Inspector7,190 BOB
Instructor6,540 BOB
Instrument Designer6,540 BOB
Lead Technical Field Advisor10,000 BOB
Logistics and Tool Coordinator7,120 BOB
Maintenance Engineer8,260 BOB
Maintenance Superintendent7,480 BOB
Material Controller5,510 BOB
Mine Engineer7,660 BOB
Mine Surveyor8,970 BOB
Mining Project Administrator7,220 BOB
Mining Project Assistant5,620 BOB
Mining Project Controls Consultant9,120 BOB
Mining Project Coordinator6,940 BOB
Mining Project Engineer7,630 BOB
Mining Project Manager9,880 BOB
Mining Site Manager10,200 BOB
Mining Team Leader8,770 BOB
NDT Technician4,670 BOB
Oil Service Unit Operator4,090 BOB
Oil Trader10,000 BOB
Oilwell Pumper3,060 BOB
Petroleum Engineer 8,860 BOB
Petroleum Geologist15,000 BOB
Petroleum Pump System Operator4,570 BOB
Pipeline Technician2,980 BOB
Power Coordinator4,890 BOB
Power Plant Operations Manager15,600 BOB
Power Plant Operator6,660 BOB
Radio Operator3,440 BOB
Reliability Engineer8,140 BOB
Reservoir Engineer7,500 BOB
Risk Analyst9,910 BOB
Roughneck8,290 BOB
Scaffolder5,170 BOB
Shutdown Engineer6,860 BOB
Solar Energy Installation Manager11,100 BOB
Solar Energy Systems Engineer8,050 BOB
Solar Photovoltaic Installer5,220 BOB
Solar Thermal Technician5,090 BOB
Supply Operations Manager13,400 BOB
Sustainability Specialist12,700 BOB
System Development Advisor9,030 BOB
Tanker Truck Driver3,010 BOB
Utility Operator4,110 BOB
Wind Energy Project Manager10,900 BOB

Oil / Gas / Energy / Mining Jobs Salary Distribution in Bolivia

Median and salary distribution monthly Bolivia 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 Bolivia range from 2,790 BOB per month (minimum average salary) to 17,800 BOB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 7,830 BOB per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 7,830 BOB while the other half are earning more than 7,830 BOB. 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 4,780 BOB while 75% of them are earning more than 4,780 BOB. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 13,100 BOB while 25% are earning more than 13,100 BOB.


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 Bolivia costs anywhere from 42,600 Boliviano(s) to 128,000 Boliviano(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 Bolivia 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 Bolivia who work in Oil / Gas / Energy / Mining earn 7% more than their female counterparts on average.

Male
7,910 BOB
Female-7%
7,380 BOB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bolivia for all Careers

Salary comparison by gender monthly Bolivia
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Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Bolivia

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

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Bolivia 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.

Annual Salary Increment Rate Bolivia 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.

Bolivia / 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 Bolivia is 2%.

Annual Increment Rate By Industry 2019

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 Bolivia 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 Bolivia

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

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 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 Bolivia


44 BOB per hour

The average hourly wage (pay per hour) in Bolivia is 44 BOB. This means that the average person in Bolivia earns approximately 44 BOB 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 Bolivia
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The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Cochabamba8,080 BOB
La Paz8,280 BOB
Oruro7,850 BOB
Potosi7,170 BOB
Santa Cruz8,520 BOB
Sucre7,520 BOB

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 Bolivia earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
7,930 BOB
Public Sector+17%
9,290 BOB
Percentage increase and decrease are relative to the previous value

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