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 salaries in Dominican Republic range from 15,800 DOP per month (minimum salary) to 50,300 DOP per month (maximum 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.
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.
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 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.
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.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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.
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.
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.
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.
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 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.
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.
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 80% 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||16,900 DOP||-48%|
|Associate Analyst||18,600 DOP||-42%|
|Associate Landman||7,820 DOP||-76%|
|Auxiliary Equipment Operator||7,210 DOP||-78%|
|Biomass Plant Technician||8,490 DOP||-74%|
|Biomass Power Plant Manager||25,900 DOP||-20%|
|Chemical Plant Operator||14,100 DOP||-56%|
|Chief Contract Compliance Engineer||19,300 DOP||-40%|
|Completions Engineer||17,700 DOP||-45%|
|Cost Controller||12,900 DOP||-60%|
|Crude Oil Marketing Representative||19,200 DOP||-40%|
|Distribution Manager||25,700 DOP||-20%|
|Dragline Operator||8,830 DOP||-73%|
|Driller Offsider||6,530 DOP||-80%|
|Dump Truck Driver||7,180 DOP||-78%|
|Electric and Gas Operations Manager||41,500 DOP||+29%|
|Energy Advisor||27,200 DOP||-16%|
|Energy Analyst||25,200 DOP||-22%|
|Energy Auditor||21,400 DOP||-34%|
|Energy Dispatch Director||30,100 DOP||-7%|
|Energy Technical Assistant||10,800 DOP||-67%|
|Energy Technical Manager||21,400 DOP||-34%|
|Energy Technical Trainer||15,000 DOP||-53%|
|Exploration Manager||32,400 DOP||+0%|
|Field Safety Auditor||19,400 DOP||-40%|
|Fluids Engineer||17,900 DOP||-45%|
|Fuel Cell Engineer||19,400 DOP||-40%|
|Fuel Cell Technician||8,890 DOP||-72%|
|Fuels Handler||8,320 DOP||-74%|
|Gas Compressor Operator||8,260 DOP||-74%|
|Gas Distribution Plant Operator||14,700 DOP||-54%|
|Gas Supply Manager||26,100 DOP||-19%|
|Geothermal Production Manager||31,900 DOP||-1%|
|Geothermal Technician||12,600 DOP||-61%|
|HSE Engineer||18,000 DOP||-44%|
|HSE Officer||10,500 DOP||-67%|
|HSEQ Administrator||12,900 DOP||-60%|
|Instrument Designer||13,400 DOP||-58%|
|Lead Technical Field Advisor||23,000 DOP||-29%|
|Logistics and Tool Coordinator||15,900 DOP||-51%|
|Maintenance Engineer||17,400 DOP||-46%|
|Maintenance Superintendent||15,400 DOP||-52%|
|Material Controller||11,700 DOP||-64%|
|Mine Engineer||17,000 DOP||-47%|
|Mine Surveyor||19,600 DOP||-39%|
|Mining Project Administrator||16,300 DOP||-49%|
|Mining Project Assistant||12,800 DOP||-60%|
|Mining Project Controls Consultant||19,400 DOP||-40%|
|Mining Project Coordinator||16,500 DOP||-49%|
|Mining Project Engineer||17,100 DOP||-47%|
|Mining Project Manager||22,200 DOP||-31%|
|Mining Site Manager||24,400 DOP||-24%|
|Mining Team Leader||18,400 DOP||-43%|
|NDT Technician||11,400 DOP||-65%|
|Oil Service Unit Operator||9,810 DOP||-70%|
|Oil Trader||22,200 DOP||-31%|
|Oilwell Pumper||7,010 DOP||-78%|
|Petroleum Engineer||20,000 DOP||-38%|
|Petroleum Geologist||32,300 DOP||+0%|
|Petroleum Pump System Operator||9,680 DOP||-70%|
|Pipeline Technician||6,620 DOP||-79%|
|Power Coordinator||11,000 DOP||-66%|
|Power Plant Operations Manager||36,000 DOP||+12%|
|Power Plant Operator||14,500 DOP||-55%|
|Radio Operator||7,540 DOP||-77%|
|Reliability Engineer||17,700 DOP||-45%|
|Reservoir Engineer||16,500 DOP||-49%|
|Risk Analyst||20,900 DOP||-35%|
|Shutdown Engineer||15,300 DOP||-53%|
|Solar Energy Installation Manager||27,500 DOP||-15%|
|Solar Energy Systems Engineer||18,700 DOP||-42%|
|Solar Photovoltaic Installer||11,300 DOP||-65%|
|Solar Thermal Technician||11,400 DOP||-65%|
|Supply Operations Manager||28,700 DOP||-11%|
|Sustainability Specialist||28,200 DOP||-13%|
|System Development Advisor||20,200 DOP||-37%|
|Tanker Truck Driver||6,870 DOP||-79%|
|Utility Operator||10,000 DOP||-69%|
|Wind Energy Project Manager||24,900 DOP||-23%|
|Santo Domingo||36,400 DOP|
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.