A person working as a Petroleum Geologist in Libya typically earns around 3,680 LYD per month. Salaries range from 1,910 LYD (lowest) to 5,630 LYD (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 Libya range from 1,910 LYD per month (minimum salary) to 5,630 LYD per month (maximum salary).
The median salary is 3,530 LYD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 3,530 LYD while the other half are earning more than 3,530 LYD. 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 2,450 LYD while 75% of them are earning more than 2,450 LYD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 4,400 LYD while 25% are earning more than 4,400 LYD.
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 2,170 LYD per month.
While someone with an experience level between two and five years is expected to earn 2,920 LYD 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 3,790 LYD per month, 30% 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 4,590 LYD 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 5,020 LYD 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 5,280 LYD per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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 2,810 LYD per month.
While someone with a Master's Degree gets a salary of 3,480 LYD per month, 24% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 5,560 LYD per month, 60% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Libya costs anywhere from 11,400 Libyan Dinar(s) to 34,300 Libyan Dinar(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 Libya earn 13% more than their female counterparts on average.
Petroleum Geologist(s) in Libya 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.
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 Libya 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.
63% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 37% 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.
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 79% 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||2,080 LYD||-43%|
|Associate Analyst||2,240 LYD||-39%|
|Associate Landman||940 LYD||-74%|
|Auxiliary Equipment Operator||900 LYD||-76%|
|Biomass Plant Technician||1,040 LYD||-72%|
|Biomass Power Plant Manager||3,030 LYD||-18%|
|Chemical Plant Operator||1,710 LYD||-54%|
|Chief Contract Compliance Engineer||2,270 LYD||-38%|
|Completions Engineer||2,090 LYD||-43%|
|Cost Controller||1,600 LYD||-57%|
|Crude Oil Marketing Representative||2,410 LYD||-35%|
|Distribution Manager||3,040 LYD||-17%|
|Dragline Operator||1,050 LYD||-71%|
|Driller Offsider||750 LYD||-80%|
|Dump Truck Driver||840 LYD||-77%|
|Electric and Gas Operations Manager||4,800 LYD||+30%|
|Energy Advisor||3,400 LYD||-8%|
|Energy Analyst||3,150 LYD||-14%|
|Energy Auditor||2,570 LYD||-30%|
|Energy Dispatch Director||3,700 LYD||+1%|
|Energy Technical Assistant||1,320 LYD||-64%|
|Energy Technical Manager||2,640 LYD||-28%|
|Energy Technical Trainer||1,820 LYD||-51%|
|Exploration Manager||3,830 LYD||+4%|
|Field Safety Auditor||2,350 LYD||-36%|
|Fluids Engineer||2,120 LYD||-42%|
|Fuel Cell Engineer||2,250 LYD||-39%|
|Fuel Cell Technician||1,100 LYD||-70%|
|Fuels Handler||1,040 LYD||-72%|
|Gas Compressor Operator||990 LYD||-73%|
|Gas Distribution Plant Operator||1,690 LYD||-54%|
|Gas Supply Manager||3,150 LYD||-14%|
|Geothermal Production Manager||3,790 LYD||+3%|
|Geothermal Technician||1,430 LYD||-61%|
|HSE Engineer||2,050 LYD||-44%|
|HSE Officer||1,280 LYD||-65%|
|HSEQ Administrator||1,490 LYD||-60%|
|Instrument Designer||1,610 LYD||-56%|
|Lead Technical Field Advisor||2,840 LYD||-23%|
|Logistics and Tool Coordinator||1,850 LYD||-50%|
|Maintenance Engineer||2,080 LYD||-43%|
|Maintenance Superintendent||1,850 LYD||-50%|
|Material Controller||1,430 LYD||-61%|
|Mine Engineer||2,100 LYD||-43%|
|Mine Surveyor||2,440 LYD||-34%|
|Mining Project Administrator||1,920 LYD||-48%|
|Mining Project Assistant||1,480 LYD||-60%|
|Mining Project Controls Consultant||2,390 LYD||-35%|
|Mining Project Coordinator||1,960 LYD||-47%|
|Mining Project Engineer||2,120 LYD||-42%|
|Mining Project Manager||2,710 LYD||-26%|
|Mining Site Manager||2,860 LYD||-22%|
|Mining Team Leader||2,240 LYD||-39%|
|NDT Technician||1,350 LYD||-63%|
|Oil Service Unit Operator||1,170 LYD||-68%|
|Oil Trader||2,690 LYD||-27%|
|Oilwell Pumper||830 LYD||-77%|
|Petroleum Engineer||2,500 LYD||-32%|
|Petroleum Geologist||3,680 LYD||-0%|
|Petroleum Pump System Operator||1,190 LYD||-68%|
|Pipeline Technician||800 LYD||-78%|
|Power Coordinator||1,370 LYD||-63%|
|Power Plant Operations Manager||4,200 LYD||+14%|
|Power Plant Operator||1,800 LYD||-51%|
|Radio Operator||910 LYD||-75%|
|Reliability Engineer||2,030 LYD||-45%|
|Reservoir Engineer||2,070 LYD||-44%|
|Risk Analyst||2,500 LYD||-32%|
|Shutdown Engineer||1,780 LYD||-52%|
|Solar Energy Installation Manager||3,290 LYD||-11%|
|Solar Energy Systems Engineer||2,140 LYD||-42%|
|Solar Photovoltaic Installer||1,380 LYD||-63%|
|Solar Thermal Technician||1,340 LYD||-64%|
|Supply Operations Manager||3,560 LYD||-3%|
|Sustainability Specialist||3,490 LYD||-5%|
|System Development Advisor||2,510 LYD||-32%|
|Tanker Truck Driver||850 LYD||-77%|
|Utility Operator||1,190 LYD||-68%|
|Wind Energy Project Manager||2,840 LYD||-23%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Libya earn 7% more than their private sector counterparts on average across all sectors.