Petroleum Geologist Average Salary in Finland 2020
How much money does a Petroleum Geologist make in Finland?
LOW
3,600
EUR AVERAGE
7,350
EUR HIGH
11,500
EUR
A person working as a Petroleum Geologist in Finland typically earns around 7,350 EUR per month. Salaries range from 3,600 EUR (lowest) to 11,500 EUR (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 Finland
The median, the maximum, the minimum, and the range
Salary Range
Petroleum Geologist salaries in Finland range from 3,600 EUR per month (minimum salary) to 11,500 EUR per month (maximum salary).
Median Salary
The median salary is 7,490 EUR per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 7,490 EUR while the other half are earning more than 7,490 EUR. 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 4,990 EUR while 75% of them are earning more than 4,990 EUR. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 9,670 EUR while 25% are earning more than 9,670 EUR.
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 4,270 EUR per month.
While someone with an experience level between two and five years is expected to earn 5,490 EUR 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 7,570 EUR 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 9,380 EUR 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 10,000 EUR 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 10,700 EUR per month, 7% more than people with fifteen to twenty years of experience.
Petroleum Geologist average salary change by experience in Finland
| 0 - 2 Years | 4,270 EUR | |
| 2 - 5 Years | +29% | 5,490 EUR |
| 5 - 10 Years | +38% | 7,570 EUR |
| 10 - 15 Years | +24% | 9,380 EUR |
| 15 - 20 Years | +7% | 10,000 EUR |
| 20+ Years | +7% | 10,700 EUR |
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 5,020 EUR per month.
While someone with a Master's Degree gets a salary of 6,900 EUR per month, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 11,300 EUR per month, 64% more than someone with a Master's Degree.
Petroleum Geologist average salary difference by education level in Finland
| Bachelor's Degree | 5,020 EUR | |
| Master's Degree | +38% | 6,900 EUR |
| PhD | +64% | 11,300 EUR |
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 Finland costs anywhere from 23,400 Euro(s) to 70,300 Euro(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 Finland earn 4% more than their female counterparts on average.
| Male | 7,500 EUR | |
| Female | -4% | 7,190 EUR |
Salary Comparison By Gender in Finland for all Careers
Petroleum Geologist Average Annual Salary Increment Percentage in Finland
How much are annual salary increments in Finland for Petroleum Geologist(s)? How often do employees get salary raises?
Petroleum Geologist
Petroleum Geologist(s) in Finland are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
Finland / 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 2019
| Banking | 1% | |
| Energy | 2% | |
| Information Technology | 3% | |
| Healthcare | 4% | |
| Travel | 5% | |
| Construction | 6% | |
| Education | 7% |
Listed above are the average annual increase rates for each industry in Finland for the year 2019. 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 Finland
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.
41% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 59% 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 | 59% | |
| No Bonus | 41% |
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 Finland
42 EUR per hourThe average hourly wage (pay per hour) in Finland is 42 EUR. This means that the average Petroleum Geologist in Finland earns approximately 42 EUR 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 74% 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 | 3,840 EUR |  -48% |
| Associate Analyst | 4,620 EUR | -37% |
| Associate Landman | 1,940 EUR | -74% |
| Auxiliary Equipment Operator | 1,690 EUR | -77% |
| Biomass Plant Technician | 2,100 EUR | -71% |
| Biomass Power Plant Manager | 5,850 EUR | -20% |
| Chemical Plant Operator | 3,250 EUR | -56% |
| Chief Contract Compliance Engineer | 4,260 EUR | -42% |
| Completions Engineer | 4,110 EUR | -44% |
| Cost Controller | 2,990 EUR | -59% |
| Crude Oil Marketing Representative | 4,550 EUR | -38% |
| Dispatcher | 1,700 EUR | -77% |
| Distribution Manager | 6,080 EUR | -17% |
| Dragline Operator | 1,990 EUR | -73% |
| Driller Offsider | 1,490 EUR | -80% |
| Dump Truck Driver | 1,690 EUR | -77% |
| Electric and Gas Operations Manager | 9,500 EUR |  +29% |
| Energy Advisor | 6,170 EUR | -16% |
| Energy Analyst | 5,670 EUR | -23% |
| Energy Auditor | 5,380 EUR | -27% |
| Energy Dispatch Director | 6,970 EUR | -5% |
| Energy Technical Assistant | 2,560 EUR | -65% |
| Energy Technical Manager | 4,880 EUR | -34% |
| Energy Technical Trainer | 3,750 EUR | -49% |
| Exploration Manager | 7,600 EUR | +3% |
| Field Safety Auditor | 4,590 EUR | -38% |
| Fluids Engineer | 4,230 EUR | -42% |
| Fuel Cell Engineer | 4,260 EUR | -42% |
| Fuel Cell Technician | 2,180 EUR | -70% |
| Fuels Handler | 1,970 EUR | -73% |
| Gas Compressor Operator | 1,790 EUR | -76% |
| Gas Distribution Plant Operator | 3,560 EUR | -52% |
| Gas Supply Manager | 6,260 EUR | -15% |
| Geologist | 7,200 EUR | -2% |
| Geophysicist | 7,550 EUR | +3% |
| Geothermal Production Manager | 7,310 EUR | -0% |
| Geothermal Technician | 2,910 EUR | -60% |
| HSE Engineer | 4,180 EUR | -43% |
| HSE Officer | 2,470 EUR | -66% |
| HSEQ Administrator | 2,970 EUR | -60% |
| Inspector | 3,930 EUR | -47% |
| Instructor | 3,370 EUR | -54% |
| Instrument Designer | 3,370 EUR | -54% |
| Lead Technical Field Advisor | 5,600 EUR | -24% |
| Logistics and Tool Coordinator | 3,730 EUR | -49% |
| Maintenance Engineer | 4,450 EUR | -39% |
| Maintenance Superintendent | 3,780 EUR | -49% |
| Material Controller | 2,750 EUR | -63% |
| Mine Engineer | 4,170 EUR | -43% |
| Mine Surveyor | 4,400 EUR | -40% |
| Mining Project Administrator | 3,570 EUR | -51% |
| Mining Project Assistant | 2,900 EUR | -61% |
| Mining Project Controls Consultant | 4,460 EUR | -39% |
| Mining Project Coordinator | 3,680 EUR | -50% |
| Mining Project Engineer | 4,000 EUR | -46% |
| Mining Project Manager | 5,400 EUR | -26% |
| Mining Site Manager | 5,510 EUR | -25% |
| Mining Team Leader | 4,540 EUR | -38% |
| NDT Technician | 2,650 EUR | -64% |
| Oil Service Unit Operator | 2,090 EUR | -72% |
| Oil Trader | 5,250 EUR | -29% |
| Oilwell Pumper | 1,580 EUR | -78% |
| Petroleum Engineer | 4,940 EUR | -33% |
| Petroleum Geologist | 7,350 EUR | +0% |
| Petroleum Pump System Operator | 2,280 EUR | -69% |
| Pipeline Technician | 1,530 EUR | -79% |
| Power Coordinator | 2,510 EUR | -66% |
| Power Plant Operations Manager | 8,390 EUR | +14% |
| Power Plant Operator | 3,330 EUR | -55% |
| Radio Operator | 1,870 EUR | -75% |
| Reliability Engineer | 4,240 EUR | -42% |
| Reservoir Engineer | 3,920 EUR | -47% |
| Risk Analyst | 5,340 EUR | -27% |
| Roughneck | 4,410 EUR | -40% |
| Scaffolder | 2,760 EUR | -62% |
| Shutdown Engineer | 3,590 EUR | -51% |
| Solar Energy Installation Manager | 5,960 EUR | -19% |
| Solar Energy Systems Engineer | 4,510 EUR | -39% |
| Solar Photovoltaic Installer | 2,770 EUR | -62% |
| Solar Thermal Technician | 2,570 EUR | -65% |
| Supply Operations Manager | 6,950 EUR | -5% |
| Sustainability Specialist | 6,770 EUR | -8% |
| System Development Advisor | 4,730 EUR | -36% |
| Tanker Truck Driver | 1,710 EUR | -77% |
| Utility Operator | 2,330 EUR | -68% |
| Wind Energy Project Manager | 5,720 EUR | -22% |
Salary Comparison By City
| City | Average Salary |
| Helsinki | 8,160 EUR |
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 Finland earn 5% more than their private sector counterparts on average across all sectors.
| Private Sector | 4,580 EUR | |
| Public Sector | +5% | 4,790 EUR |
