Petroleum Geologist Average Salary in Bosnia and Herzegovina 2022
How much money does a Petroleum Geologist make in Bosnia and Herzegovina?
LOW
1,810
BAM AVERAGE
3,930
BAM HIGH
6,250
BAM
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
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?
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.
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 |
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 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 |
| PhD | +68% | 6,160 BAM |
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
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 Bosnia and Herzegovina earn 11% more than their female counterparts on average.
| Male | 4,130 BAM | |
| Female | -10% | 3,730 BAM |
Salary Comparison By Gender in Bosnia and Herzegovina for all Careers
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.
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
Annual Increment Rate By Industry 2021
| 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 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 Bosnia and Herzegovina
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 Bosnia and Herzegovina
23 BAM per hourThe 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.
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 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 Title | Average Salary |
| Assistant Yard Manager | 2,160 BAM |  -45% |
| Associate Analyst | 2,300 BAM | -41% |
| Associate Landman | 970 BAM | -75% |
| Auxiliary Equipment Operator | 880 BAM | -78% |
| Biomass Plant Technician | 1,020 BAM | -74% |
| Biomass Power Plant Manager | 3,020 BAM | -23% |
| Chemical Plant Operator | 1,830 BAM | -53% |
| Chief Contract Compliance Engineer | 2,290 BAM | -42% |
| Completions Engineer | 1,970 BAM | -50% |
| Cost Controller | 1,580 BAM | -60% |
| Crude Oil Marketing Representative | 2,270 BAM | -42% |
| Dispatcher | 950 BAM | -76% |
| Distribution Manager | 2,830 BAM | -28% |
| Dragline Operator | 1,010 BAM | -74% |
| Driller Offsider | 770 BAM | -80% |
| Dump Truck Driver | 810 BAM | -79% |
| Electric and Gas Operations Manager | 4,920 BAM |  +25% |
| Energy Advisor | 3,410 BAM | -13% |
| Energy Analyst | 3,180 BAM | -19% |
| Energy Auditor | 2,610 BAM | -34% |
| Energy Dispatch Director | 3,810 BAM | -3% |
| Energy Technical Assistant | 1,340 BAM | -66% |
| Energy Technical Manager | 2,750 BAM | -30% |
| Energy Technical Trainer | 1,780 BAM | -55% |
| Exploration Manager | 3,590 BAM | -9% |
| Field Safety Auditor | 2,490 BAM | -37% |
| Fluids Engineer | 1,970 BAM | -50% |
| Fuel Cell Engineer | 2,370 BAM | -40% |
| Fuel Cell Technician | 1,050 BAM | -73% |
| Fuels Handler | 980 BAM | -75% |
| Gas Compressor Operator | 970 BAM | -75% |
| Gas Distribution Plant Operator | 1,670 BAM | -58% |
| Gas Supply Manager | 3,300 BAM | -16% |
| Geologist | 4,000 BAM | +2% |
| Geophysicist | 3,970 BAM | +1% |
| Geothermal Production Manager | 3,600 BAM | -8% |
| Geothermal Technician | 1,520 BAM | -61% |
| HSE Engineer | 2,170 BAM | -45% |
| HSE Officer | 1,360 BAM | -65% |
| HSEQ Administrator | 1,520 BAM | -61% |
| Inspector | 1,980 BAM | -50% |
| Instructor | 1,770 BAM | -55% |
| Instrument Designer | 1,630 BAM | -59% |
| Lead Technical Field Advisor | 2,730 BAM | -31% |
| Logistics and Tool Coordinator | 1,800 BAM | -54% |
| Maintenance Engineer | 2,090 BAM | -47% |
| Maintenance Superintendent | 1,910 BAM | -51% |
| Material Controller | 1,460 BAM | -63% |
| Mine Engineer | 2,000 BAM | -49% |
| Mine Surveyor | 2,470 BAM | -37% |
| Mining Project Administrator | 1,950 BAM | -50% |
| Mining Project Assistant | 1,520 BAM | -61% |
| Mining Project Controls Consultant | 2,470 BAM | -37% |
| Mining Project Coordinator | 1,890 BAM | -52% |
| Mining Project Engineer | 2,090 BAM | -47% |
| Mining Project Manager | 2,710 BAM | -31% |
| Mining Site Manager | 2,840 BAM | -28% |
| Mining Team Leader | 2,220 BAM | -44% |
| NDT Technician | 1,270 BAM | -68% |
| Oil Service Unit Operator | 1,170 BAM | -70% |
| Oil Trader | 2,850 BAM | -27% |
| Oilwell Pumper | 800 BAM | -80% |
| Petroleum Engineer | 2,300 BAM | -41% |
| Petroleum Geologist | 3,930 BAM | -0% |
| Petroleum Pump System Operator | 1,210 BAM | -69% |
| Pipeline Technician | 860 BAM | -78% |
| Power Coordinator | 1,370 BAM | -65% |
| Power Plant Operations Manager | 4,100 BAM | +4% |
| Power Plant Operator | 1,790 BAM | -54% |
| Radio Operator | 930 BAM | -76% |
| Reliability Engineer | 2,020 BAM | -49% |
| Reservoir Engineer | 1,960 BAM | -50% |
| Risk Analyst | 2,510 BAM | -36% |
| Roughneck | 2,110 BAM | -46% |
| Scaffolder | 1,380 BAM | -65% |
| Shutdown Engineer | 1,730 BAM | -56% |
| Solar Energy Installation Manager | 3,240 BAM | -18% |
| Solar Energy Systems Engineer | 2,120 BAM | -46% |
| Solar Photovoltaic Installer | 1,380 BAM | -65% |
| Solar Thermal Technician | 1,340 BAM | -66% |
| Supply Operations Manager | 3,430 BAM | -13% |
| Sustainability Specialist | 3,390 BAM | -14% |
| System Development Advisor | 2,470 BAM | -37% |
| Tanker Truck Driver | 800 BAM | -80% |
| Utility Operator | 1,120 BAM | -72% |
| Wind Energy Project Manager | 3,020 BAM | -23% |
Salary Comparison By City
| City | Average Salary |
| Banja Luka | 4,000 BAM |
| Medjugorje | 3,590 BAM |
| Mostar | 3,440 BAM |
| Sarajevo | 4,190 BAM |
| Tuzla | 3,820 BAM |
| Zenica | 3,800 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 |
