Geologist Average Salary in British Indian Ocean Territory 2022
How much money does a Geologist make in British Indian Ocean Territory?
LOW
2,370
USD AVERAGE
4,560
USD HIGH
6,970
USD
A person working as a Geologist in British Indian Ocean Territory typically earns around 4,560 USD per month. Salaries range from 2,370 USD (lowest) to 6,970 USD (highest).
This is the average monthly salary including housing, transport, and other benefits. Geologist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Geologist Salary Distribution in British Indian Ocean Territory
The median, the maximum, the minimum, and the range
Salary Range
Geologist salaries in British Indian Ocean Territory range from 2,370 USD per month (minimum salary) to 6,970 USD per month (maximum salary).
Median Salary
The median salary is 4,370 USD per month, which means that half (50%) of people working as Geologist(s) are earning less than 4,370 USD while the other half are earning more than 4,370 USD. 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 Geologist(s) are earning less than 3,030 USD while 75% of them are earning more than 3,030 USD. Also from the diagram, 75% of Geologist(s) are earning less than 5,450 USD while 25% are earning more than 5,450 USD.
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
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 Geologist salaries by experience level and this is what we found.
A Geologist with less than two years of experience makes approximately 2,690 USD per month.
While someone with an experience level between two and five years is expected to earn 3,610 USD 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 4,690 USD per month, 30% more than someone with two to five years of experience.
Additionally, Geologist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 5,680 USD per month, 21% 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 6,210 USD 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 6,530 USD per month, 5% more than people with fifteen to twenty years of experience.
Geologist average salary change by experience in British Indian Ocean Territory
| 0 - 2 Years | 2,690 USD | |
| 2 - 5 Years | +34% | 3,610 USD |
| 5 - 10 Years | +30% | 4,690 USD |
| 10 - 15 Years | +21% | 5,680 USD |
| 15 - 20 Years | +9% | 6,210 USD |
| 20+ Years | +5% | 6,530 USD |
Typical Salary Progress for Most Careers
Geologist Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different 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 Geologist salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Geologist is 3,470 USD per month.
While someone with a Master's Degree gets a salary of 4,300 USD per month, 24% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 6,880 USD per month, 60% more than someone with a Master's Degree.
Geologist average salary difference by education level in British Indian Ocean Territory
| Bachelor's Degree | 3,470 USD | |
| Master's Degree | +24% | 4,300 USD |
| PhD | +60% | 6,880 USD |
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 British Indian Ocean Territory costs anywhere from 13,400 US Dollar(s) to 40,200 US Dollar(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
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 Geologist employees in British Indian Ocean Territory earn 11% more than their female counterparts on average.
| Male | 4,850 USD | |
| Female | -10% | 4,360 USD |
Salary Comparison By Gender in British Indian Ocean Territory for all Careers
Geologist Average Annual Salary Increment Percentage in British Indian Ocean Territory
How much are annual salary increments in British Indian Ocean Territory for Geologist(s)? How often do employees get salary raises?
Geologist
Geologist(s) in British Indian Ocean Territory 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.
British Indian Ocean Territory / 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 | 4% | |
| Energy | 8% | |
| Information Technology | 3% | |
| Healthcare | 7% | |
| Travel | 2% | |
| Construction | 6% | |
| Education | 1% |
Listed above are the average annual increase rates for each industry in British Indian Ocean Territory 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
Geologist Bonus and Incentive Rates in British Indian Ocean Territory
How much and how often are bonuses being awarded?
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A 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.
63% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 37% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.
| Received Bonus | 37% | |
| No Bonus | 63% |
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.
Geologist Average Hourly Wage in British Indian Ocean Territory
26 USD per hourThe average hourly wage (pay per hour) in British Indian Ocean Territory is 26 USD. This means that the average Geologist in British Indian Ocean Territory earns approximately 26 USD 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.
Geologist VS Other Jobs
The average salary for Geologist is 89% 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 | 2,490 USD |  -45% |
| Associate Analyst | 2,720 USD | -40% |
| Associate Landman | 1,140 USD | -75% |
| Auxiliary Equipment Operator | 990 USD | -78% |
| Biomass Plant Technician | 1,250 USD | -73% |
| Biomass Power Plant Manager | 3,350 USD | -26% |
| Chemical Plant Operator | 2,120 USD | -53% |
| Chief Contract Compliance Engineer | 2,530 USD | -44% |
| Completions Engineer | 2,360 USD | -48% |
| Cost Controller | 1,890 USD | -59% |
| Crude Oil Marketing Representative | 2,560 USD | -44% |
| Dispatcher | 1,030 USD | -77% |
| Distribution Manager | 3,300 USD | -28% |
| Dragline Operator | 1,160 USD | -75% |
| Driller Offsider | 860 USD | -81% |
| Dump Truck Driver | 980 USD | -78% |
| Electric and Gas Operations Manager | 5,490 USD |  +21% |
| Energy Advisor | 3,670 USD | -19% |
| Energy Analyst | 3,650 USD | -20% |
| Energy Auditor | 3,000 USD | -34% |
| Energy Dispatch Director | 4,270 USD | -6% |
| Energy Technical Assistant | 1,520 USD | -67% |
| Energy Technical Manager | 3,160 USD | -31% |
| Energy Technical Trainer | 2,120 USD | -53% |
| Exploration Manager | 4,460 USD | -2% |
| Field Safety Auditor | 2,900 USD | -36% |
| Fluids Engineer | 2,300 USD | -50% |
| Fuel Cell Engineer | 2,690 USD | -41% |
| Fuel Cell Technician | 1,200 USD | -74% |
| Fuels Handler | 1,110 USD | -76% |
| Gas Compressor Operator | 1,140 USD | -75% |
| Gas Distribution Plant Operator | 1,970 USD | -57% |
| Gas Supply Manager | 3,730 USD | -18% |
| Geologist | 4,560 USD | +0% |
| Geophysicist | 4,710 USD | +3% |
| Geothermal Production Manager | 4,430 USD | -3% |
| Geothermal Technician | 1,700 USD | -63% |
| HSE Engineer | 2,430 USD | -47% |
| HSE Officer | 1,530 USD | -66% |
| HSEQ Administrator | 1,760 USD | -61% |
| Inspector | 2,250 USD | -51% |
| Instructor | 2,100 USD | -54% |
| Instrument Designer | 1,880 USD | -59% |
| Lead Technical Field Advisor | 3,320 USD | -27% |
| Logistics and Tool Coordinator | 2,160 USD | -53% |
| Maintenance Engineer | 2,590 USD | -43% |
| Maintenance Superintendent | 2,180 USD | -52% |
| Material Controller | 1,590 USD | -65% |
| Mine Engineer | 2,280 USD | -50% |
| Mine Surveyor | 2,830 USD | -38% |
| Mining Project Administrator | 2,290 USD | -50% |
| Mining Project Assistant | 1,810 USD | -60% |
| Mining Project Controls Consultant | 2,670 USD | -41% |
| Mining Project Coordinator | 2,090 USD | -54% |
| Mining Project Engineer | 2,350 USD | -48% |
| Mining Project Manager | 3,090 USD | -32% |
| Mining Site Manager | 3,150 USD | -31% |
| Mining Team Leader | 2,710 USD | -41% |
| NDT Technician | 1,520 USD | -67% |
| Oil Service Unit Operator | 1,270 USD | -72% |
| Oil Trader | 3,310 USD | -27% |
| Oilwell Pumper | 920 USD | -80% |
| Petroleum Engineer | 2,810 USD | -38% |
| Petroleum Geologist | 4,520 USD | -1% |
| Petroleum Pump System Operator | 1,320 USD | -71% |
| Pipeline Technician | 1,000 USD | -78% |
| Power Coordinator | 1,530 USD | -66% |
| Power Plant Operations Manager | 4,750 USD | +4% |
| Power Plant Operator | 2,070 USD | -55% |
| Radio Operator | 1,100 USD | -76% |
| Reliability Engineer | 2,530 USD | -44% |
| Reservoir Engineer | 2,200 USD | -52% |
| Risk Analyst | 3,110 USD | -32% |
| Roughneck | 2,650 USD | -42% |
| Scaffolder | 1,570 USD | -66% |
| Shutdown Engineer | 2,080 USD | -54% |
| Solar Energy Installation Manager | 3,790 USD | -17% |
| Solar Energy Systems Engineer | 2,490 USD | -45% |
| Solar Photovoltaic Installer | 1,620 USD | -64% |
| Solar Thermal Technician | 1,590 USD | -65% |
| Supply Operations Manager | 4,030 USD | -12% |
| Sustainability Specialist | 3,840 USD | -16% |
| System Development Advisor | 2,780 USD | -39% |
| Tanker Truck Driver | 980 USD | -78% |
| Utility Operator | 1,340 USD | -71% |
| Wind Energy Project Manager | 3,600 USD | -21% |
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 British Indian Ocean Territory earn 21% more than their private sector counterparts on average across all sectors.
| Private Sector | 2,440 USD | |
| Public Sector | +21% | 2,950 USD |
