A person working as a Petroleum Geologist in Gambia typically earns around 25,700 GMD per month. Salaries range from 12,600 GMD (lowest) to 40,100 GMD (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 Gambia range from 12,600 GMD per month (minimum salary) to 40,100 GMD per month (maximum salary).
The median salary is 26,200 GMD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 26,200 GMD while the other half are earning more than 26,200 GMD. 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 17,500 GMD while 75% of them are earning more than 17,500 GMD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 33,900 GMD while 25% are earning more than 33,900 GMD.
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 14,900 GMD per month.
While someone with an experience level between two and five years is expected to earn 19,200 GMD 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 26,500 GMD 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 32,800 GMD 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 35,200 GMD 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 37,500 GMD 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 17,600 GMD per month.
While someone with a Master's Degree gets a salary of 24,200 GMD per month, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 39,600 GMD per month, 64% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Gambia costs anywhere from 79,500 Dalasi(s) to 239,000 Dalasi(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 Gambia earn 12% more than their female counterparts on average.
Petroleum Geologist(s) in Gambia 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.
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 Gambia 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.
60% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 40% 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||14,100 GMD||-45%|
|Associate Analyst||16,000 GMD||-38%|
|Associate Landman||6,730 GMD||-74%|
|Auxiliary Equipment Operator||5,710 GMD||-78%|
|Biomass Plant Technician||6,570 GMD||-74%|
|Biomass Power Plant Manager||20,400 GMD||-21%|
|Chemical Plant Operator||11,500 GMD||-55%|
|Chief Contract Compliance Engineer||15,400 GMD||-40%|
|Completions Engineer||13,200 GMD||-49%|
|Cost Controller||10,600 GMD||-59%|
|Crude Oil Marketing Representative||15,500 GMD||-40%|
|Distribution Manager||19,600 GMD||-24%|
|Dragline Operator||6,920 GMD||-73%|
|Driller Offsider||4,980 GMD||-81%|
|Dump Truck Driver||5,720 GMD||-78%|
|Electric and Gas Operations Manager||31,700 GMD||+23%|
|Energy Advisor||22,700 GMD||-12%|
|Energy Analyst||19,800 GMD||-23%|
|Energy Auditor||17,100 GMD||-34%|
|Energy Dispatch Director||23,400 GMD||-9%|
|Energy Technical Assistant||9,150 GMD||-64%|
|Energy Technical Manager||18,000 GMD||-30%|
|Energy Technical Trainer||11,900 GMD||-54%|
|Exploration Manager||25,700 GMD||-0%|
|Field Safety Auditor||15,600 GMD||-39%|
|Fluids Engineer||13,700 GMD||-47%|
|Fuel Cell Engineer||14,700 GMD||-43%|
|Fuel Cell Technician||6,840 GMD||-73%|
|Fuels Handler||6,700 GMD||-74%|
|Gas Compressor Operator||6,410 GMD||-75%|
|Gas Distribution Plant Operator||11,600 GMD||-55%|
|Gas Supply Manager||21,400 GMD||-17%|
|Geothermal Production Manager||23,200 GMD||-10%|
|Geothermal Technician||10,300 GMD||-60%|
|HSE Engineer||14,700 GMD||-43%|
|HSE Officer||8,780 GMD||-66%|
|HSEQ Administrator||10,500 GMD||-59%|
|Instrument Designer||10,700 GMD||-58%|
|Lead Technical Field Advisor||18,400 GMD||-28%|
|Logistics and Tool Coordinator||12,600 GMD||-51%|
|Maintenance Engineer||14,200 GMD||-45%|
|Maintenance Superintendent||12,400 GMD||-52%|
|Material Controller||9,300 GMD||-64%|
|Mine Engineer||13,100 GMD||-49%|
|Mine Surveyor||15,300 GMD||-41%|
|Mining Project Administrator||12,300 GMD||-52%|
|Mining Project Assistant||10,100 GMD||-61%|
|Mining Project Controls Consultant||15,700 GMD||-39%|
|Mining Project Coordinator||12,100 GMD||-53%|
|Mining Project Engineer||13,500 GMD||-48%|
|Mining Project Manager||18,600 GMD||-28%|
|Mining Site Manager||19,200 GMD||-25%|
|Mining Team Leader||14,200 GMD||-45%|
|NDT Technician||8,470 GMD||-67%|
|Oil Service Unit Operator||7,440 GMD||-71%|
|Oil Trader||17,800 GMD||-31%|
|Oilwell Pumper||5,490 GMD||-79%|
|Petroleum Engineer||16,300 GMD||-37%|
|Petroleum Geologist||25,700 GMD||-0%|
|Petroleum Pump System Operator||7,710 GMD||-70%|
|Pipeline Technician||5,380 GMD||-79%|
|Power Coordinator||8,830 GMD||-66%|
|Power Plant Operations Manager||26,900 GMD||+5%|
|Power Plant Operator||11,200 GMD||-56%|
|Radio Operator||6,490 GMD||-75%|
|Reliability Engineer||13,100 GMD||-49%|
|Reservoir Engineer||13,300 GMD||-48%|
|Risk Analyst||17,100 GMD||-34%|
|Shutdown Engineer||12,200 GMD||-53%|
|Solar Energy Installation Manager||21,400 GMD||-17%|
|Solar Energy Systems Engineer||14,700 GMD||-43%|
|Solar Photovoltaic Installer||9,120 GMD||-65%|
|Solar Thermal Technician||8,480 GMD||-67%|
|Supply Operations Manager||23,900 GMD||-7%|
|Sustainability Specialist||22,000 GMD||-14%|
|System Development Advisor||16,000 GMD||-38%|
|Tanker Truck Driver||5,420 GMD||-79%|
|Utility Operator||7,450 GMD||-71%|
|Wind Energy Project Manager||19,100 GMD||-26%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Gambia earn 10% more than their private sector counterparts on average across all sectors.