Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Petroleum Geologist Average Salary in Gibraltar 2022

How much money does a Petroleum Geologist make in Gibraltar?

Average Yearly Salary
64,900 GIP
( 5,410 GIP monthly)


A person working as a Petroleum Geologist in Gibraltar typically earns around 64,900 GIP per year. Salaries range from 33,700 GIP (lowest) to 99,300 GIP (highest).

This is the average yearly 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 Gibraltar

Median and salary distribution yearly Gibraltar Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/gibraltar/oil-gas-energy-mining/petroleum-geologist/median-and-salary-distribution-yearly-gibraltar-petroleum-geologist.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Petroleum Geologist salaries in Gibraltar range from 33,700 GIP per year (minimum salary) to 99,300 GIP per year (maximum salary).

  • Median Salary

    The median salary is 62,300 GIP per year, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 62,300 GIP while the other half are earning more than 62,300 GIP. 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 43,200 GIP while 75% of them are earning more than 43,200 GIP. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 77,600 GIP while 25% are earning more than 77,600 GIP.

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 yearly Gibraltar Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/gibraltar/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-years-of-experience-yearly-gibraltar-petroleum-geologist.jpg

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 38,300 GIP per year.

While someone with an experience level between two and five years is expected to earn 51,400 GIP per year, 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 66,800 GIP per year, 30% 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 80,900 GIP per year, 21% 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 88,500 GIP per year, 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 93,100 GIP per year, 5% more than people with fifteen to twenty years of experience.

Petroleum Geologist average salary change by experience in Gibraltar

0 - 2 Years
38,300 GIP
2 - 5 Years+34%
51,400 GIP
5 - 10 Years+30%
66,800 GIP
10 - 15 Years+21%
80,900 GIP
15 - 20 Years+9%
88,500 GIP
20+ Years+5%
93,100 GIP
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

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 yearly Gibraltar Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/gibraltar/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-education-level-yearly-gibraltar-petroleum-geologist.jpg

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 49,500 GIP per year.

While someone with a Master's Degree gets a salary of 61,300 GIP per year, 24% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 98,000 GIP per year, 60% more than someone with a Master's Degree.

Petroleum Geologist average salary difference by education level in Gibraltar

Bachelor's Degree
49,500 GIP
Master's Degree+24%
61,300 GIP
98,000 GIP
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 Gibraltar costs anywhere from 16,900 Gibraltar Pound(s) to 50,700 Gibraltar Pound(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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

Petroleum Geologist Salary Comparison By Gender

Salary comparison by gender yearly Gibraltar Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/gibraltar/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-gender-yearly-gibraltar-petroleum-geologist.jpg

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 Gibraltar earn 11% more than their female counterparts on average.

69,100 GIP
62,100 GIP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Gibraltar for all Careers

Salary comparison by gender yearly Gibraltar
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/gibraltar/salary-comparison-by-gender-yearly-gibraltar.jpg

Petroleum Geologist Average Annual Salary Increment Percentage in Gibraltar

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

Petroleum Geologist

Petroleum Geologist(s) in Gibraltar 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.

Annual Salary Increment Rate Gibraltar Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/gibraltar/oil-gas-energy-mining/petroleum-geologist/annual-salary-increment-rate-gibraltar-petroleum-geologist.jpg

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.

Gibraltar / 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 Gibraltar is 2%.

Annual Increment Rate By Industry 2021

Information Technology

Listed above are the average annual increase rates for each industry in Gibraltar 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.

Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Petroleum Geologist Bonus and Incentive Rates in Gibraltar

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Gibraltar Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/gibraltar/oil-gas-energy-mining/petroleum-geologist/annual-salary-bonus-rate-gibraltar-petroleum-geologist.jpg

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.

63% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 37% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Gibraltar

31 GIP per hour

The average hourly wage (pay per hour) in Gibraltar is 31 GIP. This means that the average Petroleum Geologist in Gibraltar earns approximately 31 GIP 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 yearly Gibraltar
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/gibraltar/oil-gas-energy-mining/petroleum-geologist/salary-comparison-between-petroleum-geologist-and-oil-gas-energy-mining-yearly-gibraltar.jpg

The average salary for Petroleum Geologist is 78% 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 Manager35,700 GIP-45%
Associate Analyst37,600 GIP-42%
Associate Landman15,800 GIP-76%
Auxiliary Equipment Operator14,000 GIP-78%
Biomass Plant Technician17,600 GIP-73%
Biomass Power Plant Manager49,600 GIP-24%
Chemical Plant Operator29,000 GIP-55%
Chief Contract Compliance Engineer37,300 GIP-43%
Completions Engineer34,600 GIP-47%
Cost Controller25,100 GIP-61%
Crude Oil Marketing Representative38,300 GIP-41%
Dispatcher15,000 GIP-77%
Distribution Manager50,100 GIP-23%
Dragline Operator17,400 GIP-73%
Driller Offsider13,400 GIP-79%
Dump Truck Driver13,600 GIP-79%
Electric and Gas Operations Manager85,500 GIP+32%
Energy Advisor53,500 GIP-18%
Energy Analyst49,600 GIP-24%
Energy Auditor43,000 GIP-34%
Energy Dispatch Director63,400 GIP-2%
Energy Technical Assistant22,600 GIP-65%
Energy Technical Manager45,300 GIP-30%
Energy Technical Trainer30,900 GIP-52%
Exploration Manager63,300 GIP-2%
Field Safety Auditor39,800 GIP-39%
Fluids Engineer34,900 GIP-46%
Fuel Cell Engineer36,500 GIP-44%
Fuel Cell Technician18,900 GIP-71%
Fuels Handler16,600 GIP-74%
Gas Compressor Operator16,400 GIP-75%
Gas Distribution Plant Operator29,900 GIP-54%
Gas Supply Manager53,100 GIP-18%
Geologist61,700 GIP-5%
Geophysicist68,600 GIP+6%
Geothermal Production Manager62,600 GIP-4%
Geothermal Technician25,200 GIP-61%
HSE Engineer36,200 GIP-44%
HSE Officer21,600 GIP-67%
HSEQ Administrator26,500 GIP-59%
Inspector33,700 GIP-48%
Instructor30,600 GIP-53%
Instrument Designer26,900 GIP-59%
Lead Technical Field Advisor48,900 GIP-25%
Logistics and Tool Coordinator30,100 GIP-54%
Maintenance Engineer34,800 GIP-46%
Maintenance Superintendent31,100 GIP-52%
Material Controller24,500 GIP-62%
Mine Engineer36,100 GIP-44%
Mine Surveyor38,500 GIP-41%
Mining Project Administrator31,500 GIP-51%
Mining Project Assistant26,300 GIP-59%
Mining Project Controls Consultant41,000 GIP-37%
Mining Project Coordinator32,500 GIP-50%
Mining Project Engineer33,200 GIP-49%
Mining Project Manager46,300 GIP-29%
Mining Site Manager46,700 GIP-28%
Mining Team Leader38,200 GIP-41%
NDT Technician22,200 GIP-66%
Oil Service Unit Operator19,600 GIP-70%
Oil Trader45,500 GIP-30%
Oilwell Pumper13,800 GIP-79%
Petroleum Engineer 39,500 GIP-39%
Petroleum Geologist64,900 GIP+0%
Petroleum Pump System Operator20,300 GIP-69%
Pipeline Technician13,600 GIP-79%
Power Coordinator21,600 GIP-67%
Power Plant Operations Manager68,400 GIP+5%
Power Plant Operator28,300 GIP-56%
Radio Operator15,200 GIP-77%
Reliability Engineer36,000 GIP-45%
Reservoir Engineer32,900 GIP-49%
Risk Analyst41,800 GIP-36%
Roughneck36,000 GIP-45%
Scaffolder22,300 GIP-66%
Shutdown Engineer29,000 GIP-55%
Solar Energy Installation Manager54,800 GIP-16%
Solar Energy Systems Engineer37,900 GIP-42%
Solar Photovoltaic Installer23,600 GIP-64%
Solar Thermal Technician22,000 GIP-66%
Supply Operations Manager61,300 GIP-6%
Sustainability Specialist54,600 GIP-16%
System Development Advisor39,300 GIP-39%
Tanker Truck Driver14,600 GIP-78%
Utility Operator19,600 GIP-70%
Wind Energy Project Manager50,000 GIP-23%

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 Gibraltar earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
36,500 GIP
Public Sector+18%
43,000 GIP
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2022