Oil / Gas / Energy / Mining Average Salaries in Bosnia and Herzegovina 2023
How much money does a person working in Oil / Gas / Energy / Mining make in Bosnia and Herzegovina?
LOW
750
BAM AVERAGE
2,070
BAM HIGH
4,790
BAM
A person working in Oil / Gas / Energy / Mining in Bosnia and Herzegovina typically earns around 2,070 BAM. Salaries range from 750 BAM (lowest average) to 4,790 BAM (highest average, actual maximum salary is higher).
Salary Variance
The provided figure represents the median compensation that encompasses housing, transportation, and other perks. The salaries within the Oil / Gas / Energy / Mining domain in Bosnia and Herzegovina exhibit significant discrepancies across various professions. In case you seek information about the remuneration of a specific position, please refer to the salaries listed below for respective job titles.
Salaries for specific jobs
| Job Title | Average Salary |
| Assistant Yard Manager | 2,160 BAM |
| Associate Analyst | 2,300 BAM |
| Associate Landman | 970 BAM |
| Auxiliary Equipment Operator | 880 BAM |
| Biomass Plant Technician | 1,020 BAM |
| Biomass Power Plant Manager | 3,020 BAM |
| Chemical Plant Operator | 1,830 BAM |
| Chief Contract Compliance Engineer | 2,290 BAM |
| Completions Engineer | 1,970 BAM |
| Cost Controller | 1,580 BAM |
| Crude Oil Marketing Representative | 2,270 BAM |
| Dispatcher | 950 BAM |
| Distribution Manager | 2,830 BAM |
| Dragline Operator | 1,010 BAM |
| Driller Offsider | 770 BAM |
| Dump Truck Driver | 810 BAM |
| Electric and Gas Operations Manager | 4,920 BAM |
| Energy Advisor | 3,410 BAM |
| Energy Analyst | 3,180 BAM |
| Energy Auditor | 2,610 BAM |
| Energy Dispatch Director | 3,810 BAM |
| Energy Technical Assistant | 1,340 BAM |
| Energy Technical Manager | 2,750 BAM |
| Energy Technical Trainer | 1,780 BAM |
| Exploration Manager | 3,590 BAM |
| Field Safety Auditor | 2,490 BAM |
| Fluids Engineer | 1,970 BAM |
| Fuel Cell Engineer | 2,370 BAM |
| Fuel Cell Technician | 1,050 BAM |
| Fuels Handler | 980 BAM |
| Gas Compressor Operator | 970 BAM |
| Gas Distribution Plant Operator | 1,670 BAM |
| Gas Supply Manager | 3,300 BAM |
| Geologist | 4,000 BAM |
| Geophysicist | 3,970 BAM |
| Geothermal Production Manager | 3,600 BAM |
| Geothermal Technician | 1,520 BAM |
| HSE Engineer | 2,170 BAM |
| HSE Officer | 1,360 BAM |
| HSEQ Administrator | 1,520 BAM |
| Inspector | 1,980 BAM |
| Instructor | 1,770 BAM |
| Instrument Designer | 1,630 BAM |
| Lead Technical Field Advisor | 2,730 BAM |
| Logistics and Tool Coordinator | 1,800 BAM |
| Maintenance Engineer | 2,090 BAM |
| Maintenance Superintendent | 1,910 BAM |
| Material Controller | 1,460 BAM |
| Mine Engineer | 2,000 BAM |
| Mine Surveyor | 2,470 BAM |
| Mining Project Administrator | 1,950 BAM |
| Mining Project Assistant | 1,520 BAM |
| Mining Project Controls Consultant | 2,470 BAM |
| Mining Project Coordinator | 1,890 BAM |
| Mining Project Engineer | 2,090 BAM |
| Mining Project Manager | 2,710 BAM |
| Mining Site Manager | 2,840 BAM |
| Mining Team Leader | 2,220 BAM |
| NDT Technician | 1,270 BAM |
| Oil Service Unit Operator | 1,170 BAM |
| Oil Trader | 2,850 BAM |
| Oilwell Pumper | 800 BAM |
| Petroleum Engineer | 2,300 BAM |
| Petroleum Geologist | 3,930 BAM |
| Petroleum Pump System Operator | 1,210 BAM |
| Pipeline Technician | 860 BAM |
| Power Coordinator | 1,370 BAM |
| Power Plant Operations Manager | 4,100 BAM |
| Power Plant Operator | 1,790 BAM |
| Radio Operator | 930 BAM |
| Reliability Engineer | 2,020 BAM |
| Reservoir Engineer | 1,960 BAM |
| Risk Analyst | 2,510 BAM |
| Roughneck | 2,110 BAM |
| Scaffolder | 1,380 BAM |
| Shutdown Engineer | 1,730 BAM |
| Solar Energy Installation Manager | 3,240 BAM |
| Solar Energy Systems Engineer | 2,120 BAM |
| Solar Photovoltaic Installer | 1,380 BAM |
| Solar Thermal Technician | 1,340 BAM |
| Supply Operations Manager | 3,430 BAM |
| Sustainability Specialist | 3,390 BAM |
| System Development Advisor | 2,470 BAM |
| Tanker Truck Driver | 800 BAM |
| Utility Operator | 1,120 BAM |
| Wind Energy Project Manager | 3,020 BAM |
Oil / Gas / Energy / Mining Jobs Pay Scale and Salaries in Bosnia and Herzegovina
Salary Structure and Pay Scale Comparison
2,460 BAM or more
2,040 to 2,460 BAM
1,120 BAM or less
1,120 to 2,040 BAM
 750 BAM |
1,950 BAM |
4,790 BAM |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries in Oil / Gas / Energy / Mining in Bosnia and Herzegovina range from 750 BAM (starting average salary) to 4,790 BAM (maximum average salary, actual maximum is higher). To clarify, the number presented is not the legally mandated minimum wage. Rather, it represents the lowest figure reported in a salary survey that involved thousands of participants and professionals from across the entire country.
Median Salary
The median income in the field of Oil / Gas / Energy / Mining is 1,950 BAM, implying that half of the workforce in Bosnia and Herzegovina earns less than this figure, and the other half earns more. It represents the central value of salaries. As a rule of thumb, you would prefer to be part of the group earning above the median wage, situated on the right-hand side of the salary distribution chart.
Percentiles and Salary Scale
Two values that are highly correlated with the median are the 25th and 75th percentiles. By examining the salary distribution diagram, it is possible to determine that 25% of individuals employed in Oil / Gas / Energy / Mining in Bosnia and Herzegovina earn less than 1,500 BAM, while 75% of them earn more. Additionally, the diagram reveals that 75% of individuals earn less than 2,440 BAM, while 25% earn more than that.
Pay Scale Structure
Data was regrouped into brackets to provide a better understanding of what salaries can be expected. This approach was deemed more accurate than relying solely on the average salary, as it offers greater insights into the distribution of salaries in the field of Oil / Gas / Energy / Mining in Bosnia and Herzegovina. The analysis revealed that roughly 65% of all reported salaries fell within the range of 1,120 BAM to 2,040 BAM. Approximately 20% of salaries were below the 1,120 BAM mark, while 10% ranged from 2,040 BAM to 2,460 BAM. Only 5% of individuals earned a gross salary of 2,460 BAM or higher.
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 in Oil / Gas / Energy / Mining in Bosnia and Herzegovina 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 degree levels across many jobs in Oil / Gas / Energy / Mining in Bosnia and Herzegovina, 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 certificate 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 Bosnia and Herzegovina costs anywhere from 11,500 BAM to 34,500 BAM and lasts approximately two years. That is quite an investment.
Employees can't expect any salary increases during the study period, assuming they 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 to 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 the situation and experience among many other factors. Putting all variables aside, if a person can afford the costs of higher education then the return on investment is definitely worth it. Degree costs can be recovered roughly in a year or so.
Salary and Compensation Comparison By Gender / Oil / Gas / Energy / Mining / Bosnia and Herzegovina
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? In the field of Oil / Gas / Energy / Mining in Bosnia and Herzegovina, the average difference between the salary of male and female employees is 11%.
| Male | 2,170 BAM | |
| Female | -10% | 1,970 BAM |
Salary Comparison By Gender in Bosnia and Herzegovina for all Careers
Average Annual Salary Increment Percentage / Oil / Gas / Energy / Mining / Bosnia and Herzegovina
How much are annual salary increments in Bosnia and Herzegovina for individuals working in Oil / Gas / Energy / Mining? How often do employees get salary raises?
Professionals working in Oil / Gas / Energy / Mining in Bosnia and Herzegovina 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.
Bosnia and Herzegovina / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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 | 9% | |
| Energy | 9% | |
| Information Technology | 9% | |
| Healthcare | 9% | |
| Travel | 9% | |
| Construction | 9% | |
| Education | 9% |
Listed above are the average annual increase rates for each industry in Bosnia and Herzegovina 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
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Oil / Gas / Energy / Mining / Bosnia and Herzegovina
How much and how often are bonuses being awarded?
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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 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.
Salary Forecast and Trend / Oil / Gas / Energy / Mining / Bosnia and Herzegovina
How are salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 1,790 BAM | |
| Average Salary 2020 | +4% | 1,860 BAM |
| Average Salary 2021 | +4% | 1,920 BAM |
| Average Salary 2022 | +4% | 2,000 BAM |
Salaries for individuals working in Oil / Gas / Energy / Mining in Bosnia and Herzegovina are rising in the year 2023 based on recently submitted salaries and reports. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from one industry to another.
Hourly Average Wage / Oil / Gas / Energy / Mining / Bosnia and Herzegovina
12 BAM per hourThe average hourly wage (pay per hour) in Oil / Gas / Energy / Mining in Bosnia and Herzegovina is 12 BAM.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
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 fixed 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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working in Oil / Gas / Energy / Mining in Bosnia and Herzegovina is 4 BAM. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Oil / Gas / Energy / Mining VS Other Jobs
Salary Comparison By City
| City | Average Salary |
| Banja Luka | 2,240 BAM |
| Medjugorje | 1,900 BAM |
| Mostar | 1,960 BAM |
| Sarajevo | 2,310 BAM |
| Tuzla | 2,160 BAM |
| Zenica | 2,070 BAM |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Bosnia and Herzegovina is 25% on average across all career fields.
| Private Sector | 2,050 BAM | |
| Public Sector | +25% | 2,550 BAM |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary in Oil / Gas / Energy / Mining in Bosnia and Herzegovina?
A good and competitive compensation would range anywhere between 1,950 BAM and 2,440 BAM. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for jobs in Oil / Gas / Energy / Mining in Bosnia and Herzegovina ranges from 1,500 BAM to 2,440 BAM. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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
