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Petroleum Geologist Average Salary in Bosnia and Herzegovina 2022

How much money does a Petroleum Geologist make in Bosnia and Herzegovina?

Average Monthly Salary
3,930 BAM
( 47,200 BAM yearly)


A person working as a Petroleum Geologist in Bosnia and Herzegovina typically earns around 3,930 BAM per month. Salaries range from 1,810 BAM (lowest) to 6,250 BAM (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 Bosnia and Herzegovina

Median and salary distribution monthly Bosnia and Herzegovina Petroleum Geologist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Petroleum Geologist salaries in Bosnia and Herzegovina range from 1,810 BAM per month (minimum salary) to 6,250 BAM per month (maximum salary).

  • Median Salary

    The median salary is 4,250 BAM per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 4,250 BAM while the other half are earning more than 4,250 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 Petroleum Geologist(s) are earning less than 2,720 BAM while 75% of them are earning more than 2,720 BAM. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 5,670 BAM while 25% are earning more than 5,670 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

Petroleum Geologist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Bosnia and Herzegovina Petroleum Geologist
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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 2,050 BAM per month.

While someone with an experience level between two and five years is expected to earn 2,740 BAM 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 4,050 BAM per month, 48% more than someone with two to five years of experience.

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.

Additionally, Petroleum Geologist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 4,940 BAM 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 5,380 BAM 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 5,830 BAM per month, 8% more than people with fifteen to twenty years of experience.

Petroleum Geologist average salary change by experience in Bosnia and Herzegovina

0 - 2 Years
2,050 BAM
2 - 5 Years+34%
2,740 BAM
5 - 10 Years+48%
4,050 BAM
10 - 15 Years+22%
4,940 BAM
15 - 20 Years+9%
5,380 BAM
20+ Years+8%
5,830 BAM
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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.

Salary comparison by education level monthly Bosnia and Herzegovina Petroleum Geologist
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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 2,340 BAM per month.

While someone with a Master's Degree gets a salary of 3,670 BAM per month, 57% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 6,160 BAM per month, 68% more than someone with a Master's Degree.

Petroleum Geologist average salary difference by education level in Bosnia and Herzegovina

Bachelor's Degree
2,340 BAM
Master's Degree+57%
3,670 BAM
6,160 BAM
Percentage increase and decrease are relative to the previous value

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 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

Salary Comparison By Education Level
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Petroleum Geologist Salary Comparison By Gender

Salary comparison by gender monthly Bosnia and Herzegovina Petroleum Geologist
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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 Petroleum Geologist employees in Bosnia and Herzegovina earn 11% more than their female counterparts on average.

4,130 BAM
3,730 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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Petroleum Geologist Average Annual Salary Increment Percentage in Bosnia and Herzegovina

How much are annual salary increments in Bosnia and Herzegovina for Petroleum Geologist(s)? How often do employees get salary raises?

Petroleum Geologist

Petroleum Geologist(s) in Bosnia and Herzegovina 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.

Annual Salary Increment Rate Bosnia and Herzegovina Petroleum Geologist
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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 2021

Information Technology

Listed above are the average annual increase rates for each industry in Bosnia and Herzegovina 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

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Petroleum Geologist Bonus and Incentive Rates in Bosnia and Herzegovina

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bosnia and Herzegovina Petroleum Geologist
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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
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Petroleum Geologist Average Hourly Wage in Bosnia and Herzegovina

23 BAM per hour

The average hourly wage (pay per hour) in Bosnia and Herzegovina is 23 BAM. This means that the average Petroleum Geologist in Bosnia and Herzegovina earns approximately 23 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.

Petroleum Geologist VS Other Jobs

Salary Comparison Between Petroleum Geologist and Oil  / Gas / Energy / Mining monthly Bosnia and Herzegovina
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The average salary for Petroleum Geologist is 90% 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 TitleAverage Salary
Assistant Yard Manager2,160 BAM-45%
Associate Analyst2,300 BAM-41%
Associate Landman970 BAM-75%
Auxiliary Equipment Operator880 BAM-78%
Biomass Plant Technician1,020 BAM-74%
Biomass Power Plant Manager3,020 BAM-23%
Chemical Plant Operator1,830 BAM-53%
Chief Contract Compliance Engineer2,290 BAM-42%
Completions Engineer1,970 BAM-50%
Cost Controller1,580 BAM-60%
Crude Oil Marketing Representative2,270 BAM-42%
Dispatcher950 BAM-76%
Distribution Manager2,830 BAM-28%
Dragline Operator1,010 BAM-74%
Driller Offsider770 BAM-80%
Dump Truck Driver810 BAM-79%
Electric and Gas Operations Manager4,920 BAM+25%
Energy Advisor3,410 BAM-13%
Energy Analyst3,180 BAM-19%
Energy Auditor2,610 BAM-34%
Energy Dispatch Director3,810 BAM-3%
Energy Technical Assistant1,340 BAM-66%
Energy Technical Manager2,750 BAM-30%
Energy Technical Trainer1,780 BAM-55%
Exploration Manager3,590 BAM-9%
Field Safety Auditor2,490 BAM-37%
Fluids Engineer1,970 BAM-50%
Fuel Cell Engineer2,370 BAM-40%
Fuel Cell Technician1,050 BAM-73%
Fuels Handler980 BAM-75%
Gas Compressor Operator970 BAM-75%
Gas Distribution Plant Operator1,670 BAM-58%
Gas Supply Manager3,300 BAM-16%
Geologist4,000 BAM+2%
Geophysicist3,970 BAM+1%
Geothermal Production Manager3,600 BAM-8%
Geothermal Technician1,520 BAM-61%
HSE Engineer2,170 BAM-45%
HSE Officer1,360 BAM-65%
HSEQ Administrator1,520 BAM-61%
Inspector1,980 BAM-50%
Instructor1,770 BAM-55%
Instrument Designer1,630 BAM-59%
Lead Technical Field Advisor2,730 BAM-31%
Logistics and Tool Coordinator1,800 BAM-54%
Maintenance Engineer2,090 BAM-47%
Maintenance Superintendent1,910 BAM-51%
Material Controller1,460 BAM-63%
Mine Engineer2,000 BAM-49%
Mine Surveyor2,470 BAM-37%
Mining Project Administrator1,950 BAM-50%
Mining Project Assistant1,520 BAM-61%
Mining Project Controls Consultant2,470 BAM-37%
Mining Project Coordinator1,890 BAM-52%
Mining Project Engineer2,090 BAM-47%
Mining Project Manager2,710 BAM-31%
Mining Site Manager2,840 BAM-28%
Mining Team Leader2,220 BAM-44%
NDT Technician1,270 BAM-68%
Oil Service Unit Operator1,170 BAM-70%
Oil Trader2,850 BAM-27%
Oilwell Pumper800 BAM-80%
Petroleum Engineer 2,300 BAM-41%
Petroleum Geologist3,930 BAM-0%
Petroleum Pump System Operator1,210 BAM-69%
Pipeline Technician860 BAM-78%
Power Coordinator1,370 BAM-65%
Power Plant Operations Manager4,100 BAM+4%
Power Plant Operator1,790 BAM-54%
Radio Operator930 BAM-76%
Reliability Engineer2,020 BAM-49%
Reservoir Engineer1,960 BAM-50%
Risk Analyst2,510 BAM-36%
Roughneck2,110 BAM-46%
Scaffolder1,380 BAM-65%
Shutdown Engineer1,730 BAM-56%
Solar Energy Installation Manager3,240 BAM-18%
Solar Energy Systems Engineer2,120 BAM-46%
Solar Photovoltaic Installer1,380 BAM-65%
Solar Thermal Technician1,340 BAM-66%
Supply Operations Manager3,430 BAM-13%
Sustainability Specialist3,390 BAM-14%
System Development Advisor2,470 BAM-37%
Tanker Truck Driver800 BAM-80%
Utility Operator1,120 BAM-72%
Wind Energy Project Manager3,020 BAM-23%

Salary Comparison By City

CityAverage Salary
Banja Luka4,000 BAM
Medjugorje3,590 BAM
Mostar3,440 BAM
Sarajevo4,190 BAM
Tuzla3,820 BAM
Zenica3,800 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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