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Petroleum Geologist Average Salary in Dominican Republic 2021

How much money does a Petroleum Geologist make in Dominican Republic?


Average Monthly Salary
32,300 DOP
( 387,000 DOP yearly)

LOW
15,800
DOP
AVERAGE
32,300
DOP
HIGH
50,300
DOP

A person working as a Petroleum Geologist in Dominican Republic typically earns around 32,300 DOP per month. Salaries range from 15,800 DOP (lowest) to 50,300 DOP (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 Dominican Republic

Median and salary distribution monthly Dominican Republic Petroleum Geologist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Petroleum Geologist salaries in Dominican Republic range from 15,800 DOP per month (minimum salary) to 50,300 DOP per month (maximum salary).

  • Median Salary

    The median salary is 32,900 DOP per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 32,900 DOP while the other half are earning more than 32,900 DOP. 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 21,900 DOP while 75% of them are earning more than 21,900 DOP. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 42,400 DOP while 25% are earning more than 42,400 DOP.


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 Dominican Republic 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 18,700 DOP per month.

While someone with an experience level between two and five years is expected to earn 24,100 DOP per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 33,200 DOP per month, 38% 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 41,200 DOP per month, 24% 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 44,100 DOP per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 47,000 DOP per month, 7% more than people with fifteen to twenty years of experience.


Petroleum Geologist average salary change by experience in Dominican Republic

0 - 2 Years
18,700 DOP
2 - 5 Years+29%
24,100 DOP
5 - 10 Years+38%
33,200 DOP
10 - 15 Years+24%
41,200 DOP
15 - 20 Years+7%
44,100 DOP
20+ Years+7%
47,000 DOP
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 Dominican Republic 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 22,000 DOP per month.

While someone with a Master's Degree gets a salary of 30,300 DOP per month, 38% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 49,600 DOP per month, 64% more than someone with a Master's Degree.


Petroleum Geologist average salary difference by education level in Dominican Republic

Bachelor's Degree
22,000 DOP
Master's Degree+38%
30,300 DOP
PhD+64%
49,600 DOP
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 Dominican Republic costs anywhere from 99,300 Dominican Peso(s) to 298,000 Dominican Peso(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 Dominican Republic 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 Dominican Republic earn 8% more than their female counterparts on average.

Male
33,300 DOP
Female-8%
30,800 DOP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Dominican Republic for all Careers

Salary comparison by gender monthly Dominican Republic
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Petroleum Geologist Average Annual Salary Increment Percentage in Dominican Republic

How much are annual salary increments in Dominican Republic for Petroleum Geologist(s)? How often do employees get salary raises?

Petroleum Geologist

Petroleum Geologist(s) in Dominican Republic are likely to observe a salary increase of approximately 13% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Dominican Republic 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.

Dominican Republic / 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 Dominican Republic is 5%.

Annual Increment Rate By Industry 2020

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

Listed above are the average annual increase rates for each industry in Dominican Republic for the year 2020. 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 Dominican Republic

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Dominican Republic 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.

44% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 56% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
56%
No Bonus
44%

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.

Petroleum Geologist Average Hourly Wage in Dominican Republic


190 DOP per hour

The average hourly wage (pay per hour) in Dominican Republic is 190 DOP. This means that the average Petroleum Geologist in Dominican Republic earns approximately 190 DOP 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 Dominican Republic
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The average salary for Petroleum Geologist is 80% 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 Manager16,900 DOP-48%
Associate Analyst18,600 DOP-42%
Associate Landman7,820 DOP-76%
Auxiliary Equipment Operator7,210 DOP-78%
Biomass Plant Technician8,490 DOP-74%
Biomass Power Plant Manager25,900 DOP-20%
Chemical Plant Operator14,100 DOP-56%
Chief Contract Compliance Engineer19,300 DOP-40%
Completions Engineer17,700 DOP-45%
Cost Controller12,900 DOP-60%
Crude Oil Marketing Representative19,200 DOP-40%
Dispatcher7,320 DOP-77%
Distribution Manager25,700 DOP-20%
Dragline Operator8,830 DOP-73%
Driller Offsider6,530 DOP-80%
Dump Truck Driver7,180 DOP-78%
Electric and Gas Operations Manager41,500 DOP+29%
Energy Advisor27,200 DOP-16%
Energy Analyst25,200 DOP-22%
Energy Auditor21,400 DOP-34%
Energy Dispatch Director30,100 DOP-7%
Energy Technical Assistant10,800 DOP-67%
Energy Technical Manager21,400 DOP-34%
Energy Technical Trainer15,000 DOP-53%
Exploration Manager32,400 DOP+0%
Field Safety Auditor19,400 DOP-40%
Fluids Engineer17,900 DOP-45%
Fuel Cell Engineer19,400 DOP-40%
Fuel Cell Technician8,890 DOP-72%
Fuels Handler8,320 DOP-74%
Gas Compressor Operator8,260 DOP-74%
Gas Distribution Plant Operator14,700 DOP-54%
Gas Supply Manager26,100 DOP-19%
Geologist32,800 DOP+2%
Geophysicist33,300 DOP+3%
Geothermal Production Manager31,900 DOP-1%
Geothermal Technician12,600 DOP-61%
HSE Engineer18,000 DOP-44%
HSE Officer10,500 DOP-67%
HSEQ Administrator12,900 DOP-60%
Inspector16,200 DOP-50%
Instructor14,900 DOP-54%
Instrument Designer13,400 DOP-58%
Lead Technical Field Advisor23,000 DOP-29%
Logistics and Tool Coordinator15,900 DOP-51%
Maintenance Engineer17,400 DOP-46%
Maintenance Superintendent15,400 DOP-52%
Material Controller11,700 DOP-64%
Mine Engineer17,000 DOP-47%
Mine Surveyor19,600 DOP-39%
Mining Project Administrator16,300 DOP-49%
Mining Project Assistant12,800 DOP-60%
Mining Project Controls Consultant19,400 DOP-40%
Mining Project Coordinator16,500 DOP-49%
Mining Project Engineer17,100 DOP-47%
Mining Project Manager22,200 DOP-31%
Mining Site Manager24,400 DOP-24%
Mining Team Leader18,400 DOP-43%
NDT Technician11,400 DOP-65%
Oil Service Unit Operator9,810 DOP-70%
Oil Trader22,200 DOP-31%
Oilwell Pumper7,010 DOP-78%
Petroleum Engineer 20,000 DOP-38%
Petroleum Geologist32,300 DOP+0%
Petroleum Pump System Operator9,680 DOP-70%
Pipeline Technician6,620 DOP-79%
Power Coordinator11,000 DOP-66%
Power Plant Operations Manager36,000 DOP+12%
Power Plant Operator14,500 DOP-55%
Radio Operator7,540 DOP-77%
Reliability Engineer17,700 DOP-45%
Reservoir Engineer16,500 DOP-49%
Risk Analyst20,900 DOP-35%
Roughneck18,200 DOP-44%
Scaffolder11,500 DOP-64%
Shutdown Engineer15,300 DOP-53%
Solar Energy Installation Manager27,500 DOP-15%
Solar Energy Systems Engineer18,700 DOP-42%
Solar Photovoltaic Installer11,300 DOP-65%
Solar Thermal Technician11,400 DOP-65%
Supply Operations Manager28,700 DOP-11%
Sustainability Specialist28,200 DOP-13%
System Development Advisor20,200 DOP-37%
Tanker Truck Driver6,870 DOP-79%
Utility Operator10,000 DOP-69%
Wind Energy Project Manager24,900 DOP-23%

Salary Comparison By City

CityAverage Salary
Santo Domingo36,400 DOP

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 Dominican Republic earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
19,400 DOP
Public Sector+7%
20,700 DOP
Percentage increase and decrease are relative to the previous value

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