Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Petroleum Geologist Average Salary in Hungary 2021

How much money does a Petroleum Geologist make in Hungary?

Average Monthly Salary
773,000 HUF
( 9,280,000 HUF yearly)


A person working as a Petroleum Geologist in Hungary typically earns around 773,000 HUF per month. Salaries range from 402,000 HUF (lowest) to 1,180,000 HUF (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 Hungary

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

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

  • Salary Range

    Petroleum Geologist salaries in Hungary range from 402,000 HUF per month (minimum salary) to 1,180,000 HUF per month (maximum salary).

  • Median Salary

    The median salary is 742,000 HUF per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 742,000 HUF while the other half are earning more than 742,000 HUF. 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 515,000 HUF while 75% of them are earning more than 515,000 HUF. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 924,000 HUF while 25% are earning more than 924,000 HUF.

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 Hungary Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-years-of-experience-monthly-hungary-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 457,000 HUF per month.

While someone with an experience level between two and five years is expected to earn 613,000 HUF 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 796,000 HUF per month, 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 964,000 HUF per month, 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 1,050,000 HUF 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 1,110,000 HUF per month, 5% more than people with fifteen to twenty years of experience.

Petroleum Geologist average salary change by experience in Hungary

0 - 2 Years
457,000 HUF
2 - 5 Years+34%
613,000 HUF
5 - 10 Years+30%
796,000 HUF
10 - 15 Years+21%
964,000 HUF
15 - 20 Years+9%
1,050,000 HUF
20+ Years+5%
1,110,000 HUF
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 monthly Hungary Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-education-level-monthly-hungary-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 589,000 HUF per month.

While someone with a Master's Degree gets a salary of 730,000 HUF per month, 24% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 1,170,000 HUF per month, 60% more than someone with a Master's Degree.

Petroleum Geologist average salary difference by education level in Hungary

Bachelor's Degree
589,000 HUF
Master's Degree+24%
730,000 HUF
1,170,000 HUF
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 Hungary costs anywhere from 2,470,000 Forint(s) to 7,400,000 Forint(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 monthly Hungary Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-gender-monthly-hungary-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 Hungary earn 7% more than their female counterparts on average.

802,000 HUF
751,000 HUF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Hungary for all Careers

Salary comparison by gender monthly Hungary
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/salary-comparison-by-gender-monthly-hungary.jpg

Petroleum Geologist Average Annual Salary Increment Percentage in Hungary

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

Petroleum Geologist

Petroleum Geologist(s) in Hungary are likely to observe a salary increase of approximately 14% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

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

Hungary / 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 Hungary is 6%.

Annual Increment Rate By Industry 2020

Information Technology

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

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 Hungary

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

47% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 53% 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 Hungary

4,460 HUF per hour

The average hourly wage (pay per hour) in Hungary is 4,460 HUF. This means that the average Petroleum Geologist in Hungary earns approximately 4,460 HUF 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 Hungary
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/hungary/oil-gas-energy-mining/petroleum-geologist/salary-comparison-between-petroleum-geologist-and-oil-gas-energy-mining-monthly-hungary.jpg

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 TitleAverage Salary
Assistant Yard Manager394,000 HUF-49%
Associate Analyst485,000 HUF-37%
Associate Landman204,000 HUF-74%
Auxiliary Equipment Operator178,000 HUF-77%
Biomass Plant Technician205,000 HUF-73%
Biomass Power Plant Manager585,000 HUF-24%
Chemical Plant Operator351,000 HUF-55%
Chief Contract Compliance Engineer460,000 HUF-40%
Completions Engineer422,000 HUF-45%
Cost Controller322,000 HUF-58%
Crude Oil Marketing Representative467,000 HUF-40%
Dispatcher179,000 HUF-77%
Distribution Manager594,000 HUF-23%
Dragline Operator204,000 HUF-74%
Driller Offsider157,000 HUF-80%
Dump Truck Driver165,000 HUF-79%
Electric and Gas Operations Manager1,000,000 HUF+29%
Energy Advisor650,000 HUF-16%
Energy Analyst613,000 HUF-21%
Energy Auditor539,000 HUF-30%
Energy Dispatch Director752,000 HUF-3%
Energy Technical Assistant256,000 HUF-67%
Energy Technical Manager501,000 HUF-35%
Energy Technical Trainer385,000 HUF-50%
Exploration Manager761,000 HUF-2%
Field Safety Auditor507,000 HUF-34%
Fluids Engineer413,000 HUF-47%
Fuel Cell Engineer460,000 HUF-40%
Fuel Cell Technician219,000 HUF-72%
Fuels Handler202,000 HUF-74%
Gas Compressor Operator188,000 HUF-76%
Gas Distribution Plant Operator348,000 HUF-55%
Gas Supply Manager659,000 HUF-15%
Geologist778,000 HUF+1%
Geophysicist814,000 HUF+5%
Geothermal Production Manager713,000 HUF-8%
Geothermal Technician291,000 HUF-62%
HSE Engineer418,000 HUF-46%
HSE Officer254,000 HUF-67%
HSEQ Administrator305,000 HUF-61%
Inspector403,000 HUF-48%
Instructor363,000 HUF-53%
Instrument Designer337,000 HUF-56%
Lead Technical Field Advisor575,000 HUF-26%
Logistics and Tool Coordinator364,000 HUF-53%
Maintenance Engineer424,000 HUF-45%
Maintenance Superintendent369,000 HUF-52%
Material Controller282,000 HUF-64%
Mine Engineer418,000 HUF-46%
Mine Surveyor475,000 HUF-39%
Mining Project Administrator395,000 HUF-49%
Mining Project Assistant312,000 HUF-60%
Mining Project Controls Consultant493,000 HUF-36%
Mining Project Coordinator387,000 HUF-50%
Mining Project Engineer421,000 HUF-46%
Mining Project Manager554,000 HUF-28%
Mining Site Manager551,000 HUF-29%
Mining Team Leader443,000 HUF-43%
NDT Technician271,000 HUF-65%
Oil Service Unit Operator231,000 HUF-70%
Oil Trader581,000 HUF-25%
Oilwell Pumper162,000 HUF-79%
Petroleum Engineer 495,000 HUF-36%
Petroleum Geologist773,000 HUF-0%
Petroleum Pump System Operator234,000 HUF-70%
Pipeline Technician165,000 HUF-79%
Power Coordinator258,000 HUF-67%
Power Plant Operations Manager840,000 HUF+9%
Power Plant Operator333,000 HUF-57%
Radio Operator197,000 HUF-75%
Reliability Engineer425,000 HUF-45%
Reservoir Engineer402,000 HUF-48%
Risk Analyst508,000 HUF-34%
Roughneck420,000 HUF-46%
Scaffolder269,000 HUF-65%
Shutdown Engineer351,000 HUF-55%
Solar Energy Installation Manager627,000 HUF-19%
Solar Energy Systems Engineer441,000 HUF-43%
Solar Photovoltaic Installer278,000 HUF-64%
Solar Thermal Technician263,000 HUF-66%
Supply Operations Manager731,000 HUF-5%
Sustainability Specialist660,000 HUF-15%
System Development Advisor498,000 HUF-36%
Tanker Truck Driver163,000 HUF-79%
Utility Operator239,000 HUF-69%
Wind Energy Project Manager587,000 HUF-24%

Salary Comparison By City

CityAverage Salary
Budapest862,000 HUF
Debrecen786,000 HUF

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 Hungary earn 9% more than their private sector counterparts on average across all sectors.

Private Sector
474,000 HUF
Public Sector+9%
516,000 HUF
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2021