A person working as a Petroleum Geologist in Greenland typically earns around 42,700 DKK per month. Salaries range from 20,900 DKK (lowest) to 66,500 DKK (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 Greenland range from 20,900 DKK per month (minimum salary) to 66,500 DKK per month (maximum salary).
The median salary is 43,500 DKK per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 43,500 DKK while the other half are earning more than 43,500 DKK. 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 29,000 DKK while 75% of them are earning more than 29,000 DKK. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 56,100 DKK while 25% are earning more than 56,100 DKK.
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 24,800 DKK per month.
While someone with an experience level between two and five years is expected to earn 31,900 DKK 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 43,900 DKK 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 54,400 DKK 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 58,300 DKK 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 62,200 DKK 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 29,100 DKK per month.
While someone with a Master's Degree gets a salary of 40,100 DKK per month, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 65,600 DKK per month, 64% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Greenland costs anywhere from 141,000 Danish Krone(s) to 424,000 Danish Krone(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 Greenland earn 11% more than their female counterparts on average.
Petroleum Geologist(s) in Greenland are likely to observe a salary increase of approximately 8% 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 Greenland 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.
61% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 39% 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 68% 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||24,700 DKK||-42%|
|Associate Analyst||26,400 DKK||-38%|
|Associate Landman||11,100 DKK||-74%|
|Auxiliary Equipment Operator||10,100 DKK||-76%|
|Biomass Plant Technician||11,900 DKK||-72%|
|Biomass Power Plant Manager||33,700 DKK||-21%|
|Chemical Plant Operator||21,100 DKK||-51%|
|Chief Contract Compliance Engineer||26,500 DKK||-38%|
|Completions Engineer||24,400 DKK||-43%|
|Cost Controller||17,700 DKK||-59%|
|Crude Oil Marketing Representative||27,500 DKK||-36%|
|Distribution Manager||33,100 DKK||-22%|
|Dragline Operator||11,400 DKK||-73%|
|Driller Offsider||8,710 DKK||-80%|
|Dump Truck Driver||10,100 DKK||-76%|
|Electric and Gas Operations Manager||55,400 DKK||+30%|
|Energy Advisor||39,500 DKK||-7%|
|Energy Analyst||36,000 DKK||-16%|
|Energy Auditor||31,300 DKK||-27%|
|Energy Dispatch Director||41,100 DKK||-4%|
|Energy Technical Assistant||15,500 DKK||-64%|
|Energy Technical Manager||31,400 DKK||-26%|
|Energy Technical Trainer||21,700 DKK||-49%|
|Exploration Manager||45,400 DKK||+6%|
|Field Safety Auditor||27,700 DKK||-35%|
|Fluids Engineer||23,100 DKK||-46%|
|Fuel Cell Engineer||26,400 DKK||-38%|
|Fuel Cell Technician||12,400 DKK||-71%|
|Fuels Handler||11,900 DKK||-72%|
|Gas Compressor Operator||10,900 DKK||-74%|
|Gas Distribution Plant Operator||19,900 DKK||-53%|
|Gas Supply Manager||38,300 DKK||-10%|
|Geothermal Production Manager||42,600 DKK||-0%|
|Geothermal Technician||17,200 DKK||-60%|
|HSE Engineer||24,700 DKK||-42%|
|HSE Officer||14,800 DKK||-65%|
|HSEQ Administrator||17,500 DKK||-59%|
|Instrument Designer||19,600 DKK||-54%|
|Lead Technical Field Advisor||31,500 DKK||-26%|
|Logistics and Tool Coordinator||22,400 DKK||-47%|
|Maintenance Engineer||26,300 DKK||-38%|
|Maintenance Superintendent||21,400 DKK||-50%|
|Material Controller||16,500 DKK||-61%|
|Mine Engineer||23,700 DKK||-44%|
|Mine Surveyor||28,000 DKK||-34%|
|Mining Project Administrator||22,000 DKK||-48%|
|Mining Project Assistant||16,800 DKK||-61%|
|Mining Project Controls Consultant||28,900 DKK||-32%|
|Mining Project Coordinator||20,900 DKK||-51%|
|Mining Project Engineer||23,900 DKK||-44%|
|Mining Project Manager||30,200 DKK||-29%|
|Mining Site Manager||31,700 DKK||-26%|
|Mining Team Leader||25,900 DKK||-39%|
|NDT Technician||15,700 DKK||-63%|
|Oil Service Unit Operator||12,500 DKK||-71%|
|Oil Trader||31,700 DKK||-26%|
|Oilwell Pumper||9,060 DKK||-79%|
|Petroleum Engineer||28,200 DKK||-34%|
|Petroleum Geologist||42,700 DKK||+0%|
|Petroleum Pump System Operator||13,700 DKK||-68%|
|Pipeline Technician||9,920 DKK||-77%|
|Power Coordinator||14,700 DKK||-66%|
|Power Plant Operations Manager||49,900 DKK||+17%|
|Power Plant Operator||19,600 DKK||-54%|
|Radio Operator||10,700 DKK||-75%|
|Reliability Engineer||23,500 DKK||-45%|
|Reservoir Engineer||23,700 DKK||-44%|
|Risk Analyst||31,500 DKK||-26%|
|Shutdown Engineer||21,500 DKK||-50%|
|Solar Energy Installation Manager||36,400 DKK||-15%|
|Solar Energy Systems Engineer||25,200 DKK||-41%|
|Solar Photovoltaic Installer||15,700 DKK||-63%|
|Solar Thermal Technician||14,700 DKK||-66%|
|Supply Operations Manager||38,800 DKK||-9%|
|Sustainability Specialist||41,400 DKK||-3%|
|System Development Advisor||28,300 DKK||-34%|
|Tanker Truck Driver||9,890 DKK||-77%|
|Utility Operator||13,800 DKK||-68%|
|Wind Energy Project Manager||33,500 DKK||-21%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Greenland earn 21% more than their private sector counterparts on average across all sectors.