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Petroleum Geologist Average Salary in Guyana 2022

How much money does a Petroleum Geologist make in Guyana?

Average Monthly Salary
286,000 GYD
( 3,430,000 GYD yearly)


A person working as a Petroleum Geologist in Guyana typically earns around 286,000 GYD per month. Salaries range from 131,000 GYD (lowest) to 454,000 GYD (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 Guyana

Median and salary distribution monthly Guyana Petroleum Geologist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Petroleum Geologist salaries in Guyana range from 131,000 GYD per month (minimum salary) to 454,000 GYD per month (maximum salary).

  • Median Salary

    The median salary is 309,000 GYD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 309,000 GYD while the other half are earning more than 309,000 GYD. 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 198,000 GYD while 75% of them are earning more than 198,000 GYD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 412,000 GYD while 25% are earning more than 412,000 GYD.

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 monthly Guyana Petroleum Geologist
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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 149,000 GYD per month.

While someone with an experience level between two and five years is expected to earn 199,000 GYD per month, 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 294,000 GYD per month, 48% 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 359,000 GYD per month, 22% 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 391,000 GYD per month, 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 424,000 GYD per month, 8% more than people with fifteen to twenty years of experience.

Petroleum Geologist average salary change by experience in Guyana

0 - 2 Years
149,000 GYD
2 - 5 Years+34%
199,000 GYD
5 - 10 Years+48%
294,000 GYD
10 - 15 Years+22%
359,000 GYD
15 - 20 Years+9%
391,000 GYD
20+ Years+8%
424,000 GYD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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 monthly Guyana Petroleum Geologist
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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 170,000 GYD per month.

While someone with a Master's Degree gets a salary of 267,000 GYD per month, 57% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 448,000 GYD per month, 68% more than someone with a Master's Degree.

Petroleum Geologist average salary difference by education level in Guyana

Bachelor's Degree
170,000 GYD
Master's Degree+57%
267,000 GYD
448,000 GYD
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 Guyana costs anywhere from 876,000 Guyana Dollar(s) to 2,630,000 Guyana Dollar(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
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Petroleum Geologist Salary Comparison By Gender

Salary comparison by gender monthly Guyana Petroleum Geologist
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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 Guyana earn 12% more than their female counterparts on average.

302,000 GYD
270,000 GYD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Guyana for all Careers

Salary comparison by gender monthly Guyana
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Petroleum Geologist Average Annual Salary Increment Percentage in Guyana

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

Petroleum Geologist

Petroleum Geologist(s) in Guyana 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 Guyana Petroleum Geologist
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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.

Guyana / 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 Guyana is 2%.

Annual Increment Rate By Industry 2021

Information Technology

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

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Petroleum Geologist Bonus and Incentive Rates in Guyana

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Guyana Petroleum Geologist
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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.

57% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 43% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 2% to 7% 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 Guyana

1,650 GYD per hour

The average hourly wage (pay per hour) in Guyana is 1,650 GYD. This means that the average Petroleum Geologist in Guyana earns approximately 1,650 GYD 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 monthly Guyana
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The average salary for Petroleum Geologist is 81% 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 Manager150,000 GYD-48%
Associate Analyst169,000 GYD-41%
Associate Landman71,100 GYD-75%
Auxiliary Equipment Operator64,400 GYD-77%
Biomass Plant Technician73,800 GYD-74%
Biomass Power Plant Manager210,000 GYD-27%
Chemical Plant Operator129,000 GYD-55%
Chief Contract Compliance Engineer163,000 GYD-43%
Completions Engineer145,000 GYD-49%
Cost Controller116,000 GYD-59%
Crude Oil Marketing Representative160,000 GYD-44%
Dispatcher66,200 GYD-77%
Distribution Manager206,000 GYD-28%
Dragline Operator75,800 GYD-73%
Driller Offsider54,700 GYD-81%
Dump Truck Driver60,700 GYD-79%
Electric and Gas Operations Manager348,000 GYD+22%
Energy Advisor231,000 GYD-19%
Energy Analyst217,000 GYD-24%
Energy Auditor190,000 GYD-34%
Energy Dispatch Director261,000 GYD-9%
Energy Technical Assistant99,700 GYD-65%
Energy Technical Manager190,000 GYD-34%
Energy Technical Trainer127,000 GYD-56%
Exploration Manager262,000 GYD-8%
Field Safety Auditor172,000 GYD-40%
Fluids Engineer143,000 GYD-50%
Fuel Cell Engineer156,000 GYD-45%
Fuel Cell Technician73,900 GYD-74%
Fuels Handler69,400 GYD-76%
Gas Compressor Operator68,200 GYD-76%
Gas Distribution Plant Operator126,000 GYD-56%
Gas Supply Manager225,000 GYD-21%
Geologist264,000 GYD-8%
Geophysicist282,000 GYD-1%
Geothermal Production Manager268,000 GYD-6%
Geothermal Technician109,000 GYD-62%
HSE Engineer156,000 GYD-45%
HSE Officer94,300 GYD-67%
HSEQ Administrator107,000 GYD-63%
Inspector144,000 GYD-50%
Instructor126,000 GYD-56%
Instrument Designer119,000 GYD-58%
Lead Technical Field Advisor193,000 GYD-32%
Logistics and Tool Coordinator134,000 GYD-53%
Maintenance Engineer150,000 GYD-48%
Maintenance Superintendent141,000 GYD-51%
Material Controller98,600 GYD-65%
Mine Engineer141,000 GYD-51%
Mine Surveyor168,000 GYD-41%
Mining Project Administrator139,000 GYD-51%
Mining Project Assistant108,000 GYD-62%
Mining Project Controls Consultant170,000 GYD-41%
Mining Project Coordinator129,000 GYD-55%
Mining Project Engineer153,000 GYD-46%
Mining Project Manager198,000 GYD-31%
Mining Site Manager198,000 GYD-31%
Mining Team Leader160,000 GYD-44%
NDT Technician93,200 GYD-67%
Oil Service Unit Operator83,000 GYD-71%
Oil Trader197,000 GYD-31%
Oilwell Pumper60,100 GYD-79%
Petroleum Engineer 174,000 GYD-39%
Petroleum Geologist286,000 GYD+0%
Petroleum Pump System Operator81,800 GYD-71%
Pipeline Technician60,600 GYD-79%
Power Coordinator92,200 GYD-68%
Power Plant Operations Manager308,000 GYD+8%
Power Plant Operator120,000 GYD-58%
Radio Operator68,500 GYD-76%
Reliability Engineer153,000 GYD-46%
Reservoir Engineer138,000 GYD-52%
Risk Analyst181,000 GYD-37%
Roughneck162,000 GYD-43%
Scaffolder99,200 GYD-65%
Shutdown Engineer129,000 GYD-55%
Solar Energy Installation Manager227,000 GYD-21%
Solar Energy Systems Engineer159,000 GYD-44%
Solar Photovoltaic Installer99,700 GYD-65%
Solar Thermal Technician94,100 GYD-67%
Supply Operations Manager245,000 GYD-14%
Sustainability Specialist243,000 GYD-15%
System Development Advisor180,000 GYD-37%
Tanker Truck Driver61,600 GYD-78%
Utility Operator82,000 GYD-71%
Wind Energy Project Manager218,000 GYD-24%

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 Guyana earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
166,000 GYD
Public Sector+14%
189,000 GYD
Percentage increase and decrease are relative to the previous value

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