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Oil / Gas / Energy / Mining Average Salaries in Bermuda 2023

How much money does a person working in Oil / Gas / Energy / Mining make in Bermuda?


Average Monthly Salary
1,440 BMD
( 17,200 BMD yearly)

LOW
520
BMD
AVERAGE
1,440
BMD
HIGH
3,320
BMD

A person working in Oil / Gas / Energy / Mining in Bermuda typically earns around 1,440 BMD per month. Salaries range from 520 BMD (lowest average) to 3,320 BMD (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Oil / Gas / Energy / Mining careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Assistant Yard Manager1,440 BMD
Associate Analyst1,580 BMD
Associate Landman660 BMD
Auxiliary Equipment Operator580 BMD
Biomass Plant Technician700 BMD
Biomass Power Plant Manager2,070 BMD
Chemical Plant Operator1,250 BMD
Chief Contract Compliance Engineer1,620 BMD
Completions Engineer1,480 BMD
Cost Controller1,130 BMD
Crude Oil Marketing Representative1,570 BMD
Dispatcher660 BMD
Distribution Manager2,020 BMD
Dragline Operator690 BMD
Driller Offsider540 BMD
Dump Truck Driver560 BMD
Electric and Gas Operations Manager3,440 BMD
Energy Advisor2,280 BMD
Energy Analyst2,070 BMD
Energy Auditor1,870 BMD
Energy Dispatch Director2,660 BMD
Energy Technical Assistant910 BMD
Energy Technical Manager1,830 BMD
Energy Technical Trainer1,280 BMD
Exploration Manager2,500 BMD
Field Safety Auditor1,640 BMD
Fluids Engineer1,400 BMD
Fuel Cell Engineer1,630 BMD
Fuel Cell Technician720 BMD
Fuels Handler680 BMD
Gas Compressor Operator660 BMD
Gas Distribution Plant Operator1,240 BMD
Gas Supply Manager2,280 BMD
Geologist2,760 BMD
Geophysicist2,710 BMD
Geothermal Production Manager2,580 BMD
Geothermal Technician1,080 BMD
HSE Engineer1,550 BMD
HSE Officer880 BMD
HSEQ Administrator1,090 BMD
Inspector1,430 BMD
Instructor1,210 BMD
Instrument Designer1,170 BMD
Lead Technical Field Advisor2,020 BMD
Logistics and Tool Coordinator1,250 BMD
Maintenance Engineer1,570 BMD
Maintenance Superintendent1,280 BMD
Material Controller960 BMD
Mine Engineer1,380 BMD
Mine Surveyor1,610 BMD
Mining Project Administrator1,340 BMD
Mining Project Assistant1,040 BMD
Mining Project Controls Consultant1,690 BMD
Mining Project Coordinator1,270 BMD
Mining Project Engineer1,380 BMD
Mining Project Manager1,970 BMD
Mining Site Manager1,950 BMD
Mining Team Leader1,520 BMD
NDT Technician950 BMD
Oil Service Unit Operator750 BMD
Oil Trader1,880 BMD
Oilwell Pumper550 BMD
Petroleum Engineer 1,620 BMD
Petroleum Geologist2,690 BMD
Petroleum Pump System Operator800 BMD
Pipeline Technician590 BMD
Power Coordinator940 BMD
Power Plant Operations Manager2,780 BMD
Power Plant Operator1,250 BMD
Radio Operator640 BMD
Reliability Engineer1,470 BMD
Reservoir Engineer1,360 BMD
Risk Analyst1,890 BMD
Roughneck1,570 BMD
Scaffolder980 BMD
Shutdown Engineer1,200 BMD
Solar Energy Installation Manager2,190 BMD
Solar Energy Systems Engineer1,580 BMD
Solar Photovoltaic Installer1,020 BMD
Solar Thermal Technician900 BMD
Supply Operations Manager2,490 BMD
Sustainability Specialist2,400 BMD
System Development Advisor1,630 BMD
Tanker Truck Driver580 BMD
Utility Operator840 BMD
Wind Energy Project Manager2,110 BMD

Oil / Gas / Energy / Mining Jobs Pay Scale and Salaries in Bermuda

Median and salary distribution Bermuda Oil  / Gas / Energy / Mining monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
1,710 BMD or more
10% of people earn
1,420 to 1,710 BMD
20% of people earn
780 BMD or less
65% of people earn
780 to 1,420 BMD
Minimum Salary
520 BMD
Median
1,350 BMD
Maximum
3,320 BMD


Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

  • Salary Range, Minimum Wage, and Starting Salary

    Oil / Gas / Energy / Mining salaries in Bermuda range from 520 BMD per month (starting average salary) to 3,320 BMD per month (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 1,350 BMD per month, which means that half (50%) of people working in Oil / Gas / Energy / Mining are earning less than 1,350 BMD while the other half are earning more than 1,350 BMD. 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 and Salary Scale

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of people working in Oil / Gas / Energy / Mining are earning less than 1,040 BMD while 75% of them are earning more than 1,040 BMD. Also from the diagram, 75% of people working in Oil / Gas / Energy / Mining are earning less than 1,690 BMD while 25% are earning more than 1,690 BMD.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 780 BMD to 1,420 BMD. Approximatly 20% fall under the 780 BMD cap. Ten percent of wages are from 1,420 BMD to 1,710 BMD. Only 5% of people grossed 1,710 BMD or more.

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 Bermuda costs anywhere from 7,970 Bermudian Dollar(s) to 23,900 Bermudian 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Salary and Compensation Comparison By Gender - Oil / Gas / Energy / Mining

Salary comparison by gender Bermuda Oil  / Gas / Energy / Mining monthly
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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 employees in Bermuda who work in Oil / Gas / Energy / Mining earn 19% more than their female counterparts on average.

Male
1,560 BMD
Female-16%
1,310 BMD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bermuda for all Careers

Salary comparison by gender monthly Bermuda
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Oil / Gas / Energy / Mining Average Annual Salary Increment Percentage in Bermuda

How much are annual salary increments in Bermuda for Oil / Gas / Energy / Mining professionals? How often do employees get salary raises?

Oil / Gas / Energy / Mining

Oil / Gas / Energy / Mining professionals in Bermuda are likely to observe a salary increase of approximately 7% every 26 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Bermuda Oil  / Gas / Energy / Mining
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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.

Bermuda / All Professions

Annual Salary Increment Rate Bermuda
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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 Bermuda is 2%.

Annual Increment Rate By Industry 2022

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

Listed above are the average annual increase rates for each industry in Bermuda for the year 2022. 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

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.

Oil / Gas / Energy / Mining Bonus and Incentive Rates in Bermuda

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Bermuda Oil  / Gas / Energy / Mining
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Oil / Gas / Energy / Mining is considered to be a moderate bonus-based field. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

61% of surveyed staff in Oil / Gas / Energy / Mining 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 2% to 7% of their annual salary.

Received Bonus
39%
No Bonus
61%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Oil / Gas / Energy / Mining Salary Forecast and Trend in Bermuda

How do Oil / Gas / Energy / Mining salaries change over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
1,240 BMD
Average Salary 2020+4%
1,290 BMD
Average Salary 2021+4%
1,340 BMD
Average Salary 2022+4%
1,390 BMD
Percentage increase and decrease are relative to the previous value

Oil / Gas / Energy / Mining salaries in Bermuda are rising in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 4% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Salary trends and forecast monthly Bermuda Oil  / Gas / Energy / Mining
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Oil / Gas / Energy / Mining Hourly Average Wage in Bermuda


8 BMD per hour

The average hourly wage (pay per hour) in Bermuda is 8 BMD. This means that the average person in Bermuda earns approximately 8 BMD for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

About The Hourly Pay Rate

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.

What is the minimum hourly rate of pay?

This minimum pay rate per hour for a person in Bermuda is 3 BMD. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Oil / Gas / Energy / Mining VS Other Jobs

1,440 BMD
1,590 BMD
Average Salary
Oil / Gas / Energy / Mining
Average Salary
All Jobs

The average salary for Oil / Gas / Energy / Mining is 10% less than that of All Jobs.

Salary Comparison Between Oil  / Gas / Energy / Mining and Oil  / Gas / Energy / Mining monthly Bermuda
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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 Bermuda earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
1,470 BMD
Public Sector+14%
1,670 BMD
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for Oil / Gas / Energy / Mining in Bermuda?

A good and competitive compensation would range anywhere between 1,350 BMD and 1,690 BMD. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.

Base / Basic Salary

The base salary for Oil / Gas / Energy / Mining in Bermuda is ranges from 1,040 BMD to 1,690 BMD. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.


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


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