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Petroleum Geologist Average Salary in Jamaica 2021

How much money does a Petroleum Geologist make in Jamaica?


Average Monthly Salary
163,000 JMD
( 1,960,000 JMD yearly)

LOW
79,900
JMD
AVERAGE
163,000
JMD
HIGH
254,000
JMD

A person working as a Petroleum Geologist in Jamaica typically earns around 163,000 JMD per month. Salaries range from 79,900 JMD (lowest) to 254,000 JMD (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 Jamaica

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

  • Salary Range

    Petroleum Geologist salaries in Jamaica range from 79,900 JMD per month (minimum salary) to 254,000 JMD per month (maximum salary).

  • Median Salary

    The median salary is 166,000 JMD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 166,000 JMD while the other half are earning more than 166,000 JMD. 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 111,000 JMD while 75% of them are earning more than 111,000 JMD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 215,000 JMD while 25% are earning more than 215,000 JMD.


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 Jamaica 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 94,700 JMD per month.

While someone with an experience level between two and five years is expected to earn 122,000 JMD 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 168,000 JMD per month, 38% 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 208,000 JMD 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 223,000 JMD 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 238,000 JMD per month, 7% more than people with fifteen to twenty years of experience.


Petroleum Geologist average salary change by experience in Jamaica

0 - 2 Years
94,700 JMD
2 - 5 Years+29%
122,000 JMD
5 - 10 Years+38%
168,000 JMD
10 - 15 Years+24%
208,000 JMD
15 - 20 Years+7%
223,000 JMD
20+ Years+7%
238,000 JMD
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 Jamaica 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 111,000 JMD per month.

While someone with a Master's Degree gets a salary of 153,000 JMD per month, 38% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 251,000 JMD per month, 64% more than someone with a Master's Degree.


Petroleum Geologist average salary difference by education level in Jamaica

Bachelor's Degree
111,000 JMD
Master's Degree+38%
153,000 JMD
PhD+64%
251,000 JMD
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 Jamaica costs anywhere from 482,000 Jamaican Dollar(s) to 1,450,000 Jamaican 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 Jamaica 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 Jamaica earn 6% more than their female counterparts on average.

Male
168,000 JMD
Female-6%
157,000 JMD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Jamaica for all Careers

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

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

Petroleum Geologist

Petroleum Geologist(s) in Jamaica are likely to observe a salary increase of approximately 10% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Jamaica 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.

Jamaica / 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 Jamaica is 2%.

Annual Increment Rate By Industry 2020

Banking
7%
Energy
5%
Information Technology
3%
Healthcare
1%
Travel
8%
Construction
6%
Education
4%

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

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Petroleum Geologist Bonus and Incentive Rates in Jamaica

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Jamaica 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.

60% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 40% 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.

Received Bonus
40%
No Bonus
60%

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.

Petroleum Geologist Average Hourly Wage in Jamaica


940 JMD per hour

The average hourly wage (pay per hour) in Jamaica is 940 JMD. This means that the average Petroleum Geologist in Jamaica earns approximately 940 JMD 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 Jamaica
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The average salary for Petroleum Geologist is 88% 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 Manager91,900 JMD-44%
Associate Analyst98,000 JMD-40%
Associate Landman41,200 JMD-75%
Auxiliary Equipment Operator35,700 JMD-78%
Biomass Plant Technician44,000 JMD-73%
Biomass Power Plant Manager127,000 JMD-22%
Chemical Plant Operator74,600 JMD-54%
Chief Contract Compliance Engineer98,100 JMD-40%
Completions Engineer87,300 JMD-46%
Cost Controller66,600 JMD-59%
Crude Oil Marketing Representative94,600 JMD-42%
Dispatcher40,900 JMD-75%
Distribution Manager128,000 JMD-21%
Dragline Operator42,700 JMD-74%
Driller Offsider34,300 JMD-79%
Dump Truck Driver34,300 JMD-79%
Electric and Gas Operations Manager218,000 JMD+34%
Energy Advisor146,000 JMD-10%
Energy Analyst128,000 JMD-21%
Energy Auditor114,000 JMD-30%
Energy Dispatch Director166,000 JMD+2%
Energy Technical Assistant57,500 JMD-65%
Energy Technical Manager117,000 JMD-28%
Energy Technical Trainer78,400 JMD-52%
Exploration Manager153,000 JMD-6%
Field Safety Auditor99,200 JMD-39%
Fluids Engineer89,300 JMD-45%
Fuel Cell Engineer94,600 JMD-42%
Fuel Cell Technician45,400 JMD-72%
Fuels Handler41,000 JMD-75%
Gas Compressor Operator41,000 JMD-75%
Gas Distribution Plant Operator76,400 JMD-53%
Gas Supply Manager134,000 JMD-18%
Geologist160,000 JMD-2%
Geophysicist166,000 JMD+2%
Geothermal Production Manager156,000 JMD-4%
Geothermal Technician64,200 JMD-61%
HSE Engineer92,100 JMD-44%
HSE Officer56,400 JMD-65%
HSEQ Administrator64,900 JMD-60%
Inspector82,900 JMD-49%
Instructor74,000 JMD-55%
Instrument Designer71,100 JMD-56%
Lead Technical Field Advisor123,000 JMD-25%
Logistics and Tool Coordinator75,800 JMD-54%
Maintenance Engineer93,400 JMD-43%
Maintenance Superintendent84,600 JMD-48%
Material Controller58,700 JMD-64%
Mine Engineer86,600 JMD-47%
Mine Surveyor99,400 JMD-39%
Mining Project Administrator78,400 JMD-52%
Mining Project Assistant63,600 JMD-61%
Mining Project Controls Consultant101,000 JMD-38%
Mining Project Coordinator83,300 JMD-49%
Mining Project Engineer84,500 JMD-48%
Mining Project Manager114,000 JMD-30%
Mining Site Manager120,000 JMD-26%
Mining Team Leader95,400 JMD-41%
NDT Technician56,100 JMD-66%
Oil Service Unit Operator48,200 JMD-70%
Oil Trader114,000 JMD-30%
Oilwell Pumper33,900 JMD-79%
Petroleum Engineer 106,000 JMD-35%
Petroleum Geologist163,000 JMD-0%
Petroleum Pump System Operator48,700 JMD-70%
Pipeline Technician35,000 JMD-79%
Power Coordinator56,400 JMD-65%
Power Plant Operations Manager180,000 JMD+10%
Power Plant Operator78,300 JMD-52%
Radio Operator39,700 JMD-76%
Reliability Engineer86,800 JMD-47%
Reservoir Engineer81,400 JMD-50%
Risk Analyst112,000 JMD-31%
Roughneck95,600 JMD-41%
Scaffolder60,800 JMD-63%
Shutdown Engineer73,000 JMD-55%
Solar Energy Installation Manager137,000 JMD-16%
Solar Energy Systems Engineer96,700 JMD-41%
Solar Photovoltaic Installer61,400 JMD-62%
Solar Thermal Technician58,700 JMD-64%
Supply Operations Manager145,000 JMD-11%
Sustainability Specialist149,000 JMD-9%
System Development Advisor100,000 JMD-39%
Tanker Truck Driver35,400 JMD-78%
Utility Operator49,400 JMD-70%
Wind Energy Project Manager133,000 JMD-18%

Salary Comparison By City

CityAverage Salary
Kingston174,000 JMD

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 Jamaica earn 10% more than their private sector counterparts on average across all sectors.

Private Sector
93,500 JMD
Public Sector+10%
103,000 JMD
Percentage increase and decrease are relative to the previous value

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