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Oil / Gas / Energy / Mining Average Salaries in Bosnia and Herzegovina 2020

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


Average Monthly Salary
2,070 BAM
( 24,800 BAM yearly)

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 per month. Salaries range from 750 BAM (lowest average) to 4,790 BAM (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 Manager2,160 BAM
Associate Analyst2,300 BAM
Associate Landman970 BAM
Auxiliary Equipment Operator880 BAM
Biomass Plant Technician1,020 BAM
Biomass Power Plant Manager3,020 BAM
Chemical Plant Operator1,830 BAM
Chief Contract Compliance Engineer2,290 BAM
Completions Engineer1,970 BAM
Cost Controller1,580 BAM
Crude Oil Marketing Representative2,270 BAM
Dispatcher950 BAM
Distribution Manager2,830 BAM
Dragline Operator1,010 BAM
Driller Offsider770 BAM
Dump Truck Driver810 BAM
Electric and Gas Operations Manager4,920 BAM
Energy Advisor3,410 BAM
Energy Analyst3,180 BAM
Energy Auditor2,610 BAM
Energy Dispatch Director3,810 BAM
Energy Technical Assistant1,340 BAM
Energy Technical Manager2,750 BAM
Energy Technical Trainer1,780 BAM
Exploration Manager3,590 BAM
Field Safety Auditor2,490 BAM
Fluids Engineer1,970 BAM
Fuel Cell Engineer2,370 BAM
Fuel Cell Technician1,050 BAM
Fuels Handler980 BAM
Gas Compressor Operator970 BAM
Gas Distribution Plant Operator1,670 BAM
Gas Supply Manager3,300 BAM
Geologist4,000 BAM
Geophysicist3,970 BAM
Geothermal Production Manager3,600 BAM
Geothermal Technician1,520 BAM
HSE Engineer2,170 BAM
HSE Officer1,360 BAM
HSEQ Administrator1,520 BAM
Inspector1,980 BAM
Instructor1,770 BAM
Instrument Designer1,630 BAM
Lead Technical Field Advisor2,730 BAM
Logistics and Tool Coordinator1,800 BAM
Maintenance Engineer2,090 BAM
Maintenance Superintendent1,910 BAM
Material Controller1,460 BAM
Mine Engineer2,000 BAM
Mine Surveyor2,470 BAM
Mining Project Administrator1,950 BAM
Mining Project Assistant1,520 BAM
Mining Project Controls Consultant2,470 BAM
Mining Project Coordinator1,890 BAM
Mining Project Engineer2,090 BAM
Mining Project Manager2,710 BAM
Mining Site Manager2,840 BAM
Mining Team Leader2,220 BAM
NDT Technician1,270 BAM
Oil Service Unit Operator1,170 BAM
Oil Trader2,850 BAM
Oilwell Pumper800 BAM
Petroleum Engineer 2,300 BAM
Petroleum Geologist3,930 BAM
Petroleum Pump System Operator1,210 BAM
Pipeline Technician860 BAM
Power Coordinator1,370 BAM
Power Plant Operations Manager4,100 BAM
Power Plant Operator1,790 BAM
Radio Operator930 BAM
Reliability Engineer2,020 BAM
Reservoir Engineer1,960 BAM
Risk Analyst2,510 BAM
Roughneck2,110 BAM
Scaffolder1,380 BAM
Shutdown Engineer1,730 BAM
Solar Energy Installation Manager3,240 BAM
Solar Energy Systems Engineer2,120 BAM
Solar Photovoltaic Installer1,380 BAM
Solar Thermal Technician1,340 BAM
Supply Operations Manager3,430 BAM
Sustainability Specialist3,390 BAM
System Development Advisor2,470 BAM
Tanker Truck Driver800 BAM
Utility Operator1,120 BAM
Wind Energy Project Manager3,020 BAM

Oil / Gas / Energy / Mining Jobs Salary Distribution in Bosnia and Herzegovina

Median and salary distribution monthly Bosnia and Herzegovina 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 Bosnia and Herzegovina range from 750 BAM per month (minimum average salary) to 4,790 BAM per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 2,240 BAM per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 2,240 BAM while the other half are earning more than 2,240 BAM. 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 1,340 BAM while 75% of them are earning more than 1,340 BAM. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 3,790 BAM while 25% are earning more than 3,790 BAM.


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 Bosnia and Herzegovina costs anywhere from 11,500 Convertible Marks(s) to 34,500 Convertible Marks(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 Bosnia and Herzegovina 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 Bosnia and Herzegovina who work in Oil / Gas / Energy / Mining earn 11% more than their female counterparts on average.

Male
2,170 BAM
Female-10%
1,970 BAM
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bosnia and Herzegovina for all Careers

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

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

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals 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.

Annual Salary Increment Rate Bosnia and Herzegovina 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.

Bosnia and Herzegovina / 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 Bosnia and Herzegovina is 2%.

Annual Increment Rate By Industry 2019

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 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 Bosnia and Herzegovina

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bosnia and Herzegovina 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 Bosnia and Herzegovina


12 BAM per hour

The average hourly wage (pay per hour) in Bosnia and Herzegovina is 12 BAM. This means that the average person in Bosnia and Herzegovina earns approximately 12 BAM 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 Bosnia and Herzegovina
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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
Banja Luka2,240 BAM
Medjugorje1,900 BAM
Mostar1,960 BAM
Sarajevo2,310 BAM
Tuzla2,160 BAM
Zenica2,070 BAM

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 Bosnia and Herzegovina earn 25% more than their private sector counterparts on average across all sectors.

Private Sector
2,050 BAM
Public Sector+25%
2,550 BAM
Percentage increase and decrease are relative to the previous value

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