A person working as a Petroleum Geologist in Bulgaria typically earns around 5,270 BGN per month. Salaries range from 2,430 BGN (lowest) to 8,390 BGN (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 salaries in Bulgaria range from 2,430 BGN per month (minimum salary) to 8,390 BGN per month (maximum salary).
The median salary is 5,700 BGN per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 5,700 BGN while the other half are earning more than 5,700 BGN. 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.
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 3,660 BGN while 75% of them are earning more than 3,660 BGN. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 7,600 BGN while 25% are earning more than 7,600 BGN.
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
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 2,750 BGN per month.
While someone with an experience level between two and five years is expected to earn 3,680 BGN 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 5,440 BGN 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 6,630 BGN 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 7,220 BGN 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 7,820 BGN per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|15 - 20 Years||+9%|
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 3,140 BGN per month.
While someone with a Master's Degree gets a salary of 4,930 BGN per month, 57% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 8,270 BGN per month, 68% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Bulgaria costs anywhere from 16,500 Bulgarian Lev(s) to 49,500 Bulgarian Lev(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.
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 Bulgaria earn 9% more than their female counterparts on average.
Petroleum Geologist(s) in Bulgaria are likely to observe a salary increase of approximately 12% every 20 months. The national average annual increment for all professions combined is 7% granted to employees every 20 months.
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.
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
Listed above are the average annual increase rates for each industry in Bulgaria 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.
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.
42% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 58% 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.
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.
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.
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.
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.
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.
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.
The average salary for Petroleum Geologist is 77% more than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.
|Job Title||Average Salary|
|Assistant Yard Manager||3,050 BGN||-42%|
|Associate Analyst||3,380 BGN||-36%|
|Associate Landman||1,420 BGN||-73%|
|Auxiliary Equipment Operator||1,260 BGN||-76%|
|Biomass Plant Technician||1,510 BGN||-71%|
|Biomass Power Plant Manager||4,460 BGN||-15%|
|Chemical Plant Operator||2,480 BGN||-53%|
|Chief Contract Compliance Engineer||3,190 BGN||-40%|
|Completions Engineer||2,960 BGN||-44%|
|Cost Controller||2,140 BGN||-59%|
|Crude Oil Marketing Representative||3,270 BGN||-38%|
|Distribution Manager||4,280 BGN||-19%|
|Dragline Operator||1,490 BGN||-72%|
|Driller Offsider||1,090 BGN||-79%|
|Dump Truck Driver||1,170 BGN||-78%|
|Electric and Gas Operations Manager||6,970 BGN||+32%|
|Energy Advisor||4,810 BGN||-9%|
|Energy Analyst||4,250 BGN||-19%|
|Energy Auditor||3,870 BGN||-27%|
|Energy Dispatch Director||5,420 BGN||+3%|
|Energy Technical Assistant||1,840 BGN||-65%|
|Energy Technical Manager||3,880 BGN||-26%|
|Energy Technical Trainer||2,640 BGN||-50%|
|Exploration Manager||5,140 BGN||-3%|
|Field Safety Auditor||3,570 BGN||-32%|
|Fluids Engineer||2,980 BGN||-44%|
|Fuel Cell Engineer||3,120 BGN||-41%|
|Fuel Cell Technician||1,540 BGN||-71%|
|Fuels Handler||1,420 BGN||-73%|
|Gas Compressor Operator||1,340 BGN||-75%|
|Gas Distribution Plant Operator||2,560 BGN||-51%|
|Gas Supply Manager||4,780 BGN||-9%|
|Geothermal Production Manager||5,360 BGN||+2%|
|Geothermal Technician||2,050 BGN||-61%|
|HSE Engineer||2,940 BGN||-44%|
|HSE Officer||1,850 BGN||-65%|
|HSEQ Administrator||2,270 BGN||-57%|
|Instrument Designer||2,420 BGN||-54%|
|Lead Technical Field Advisor||4,180 BGN||-21%|
|Logistics and Tool Coordinator||2,580 BGN||-51%|
|Maintenance Engineer||3,130 BGN||-41%|
|Maintenance Superintendent||2,660 BGN||-50%|
|Material Controller||2,100 BGN||-60%|
|Mine Engineer||2,940 BGN||-44%|
|Mine Surveyor||3,290 BGN||-38%|
|Mining Project Administrator||2,830 BGN||-46%|
|Mining Project Assistant||2,250 BGN||-57%|
|Mining Project Controls Consultant||3,340 BGN||-37%|
|Mining Project Coordinator||2,640 BGN||-50%|
|Mining Project Engineer||2,990 BGN||-43%|
|Mining Project Manager||3,960 BGN||-25%|
|Mining Site Manager||4,200 BGN||-20%|
|Mining Team Leader||3,260 BGN||-38%|
|NDT Technician||1,900 BGN||-64%|
|Oil Service Unit Operator||1,600 BGN||-70%|
|Oil Trader||4,090 BGN||-22%|
|Oilwell Pumper||1,180 BGN||-78%|
|Petroleum Engineer||3,550 BGN||-33%|
|Petroleum Geologist||5,270 BGN||-0%|
|Petroleum Pump System Operator||1,740 BGN||-67%|
|Pipeline Technician||1,170 BGN||-78%|
|Power Coordinator||1,840 BGN||-65%|
|Power Plant Operations Manager||6,150 BGN||+17%|
|Power Plant Operator||2,540 BGN||-52%|
|Radio Operator||1,370 BGN||-74%|
|Reliability Engineer||2,930 BGN||-44%|
|Reservoir Engineer||2,820 BGN||-47%|
|Risk Analyst||3,760 BGN||-29%|
|Shutdown Engineer||2,480 BGN||-53%|
|Solar Energy Installation Manager||4,460 BGN||-15%|
|Solar Energy Systems Engineer||3,240 BGN||-39%|
|Solar Photovoltaic Installer||1,910 BGN||-64%|
|Solar Thermal Technician||1,880 BGN||-64%|
|Supply Operations Manager||5,000 BGN||-5%|
|Sustainability Specialist||4,660 BGN||-12%|
|System Development Advisor||3,540 BGN||-33%|
|Tanker Truck Driver||1,180 BGN||-78%|
|Utility Operator||1,670 BGN||-68%|
|Wind Energy Project Manager||4,280 BGN||-19%|
|Stara Zagora||5,080 BGN|
Where can you get paid more, working for a private company or for the government? Public sector employees in Bulgaria earn 9% more than their private sector counterparts on average across all sectors.