HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Petroleum Geologist Average Salary in Luxembourg 2021

How much money does a Petroleum Geologist make in Luxembourg?


Average Monthly Salary
8,040 EUR
( 96,500 EUR yearly)

LOW
4,180
EUR
AVERAGE
8,040
EUR
HIGH
12,300
EUR

A person working as a Petroleum Geologist in Luxembourg typically earns around 8,040 EUR per month. Salaries range from 4,180 EUR (lowest) to 12,300 EUR (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 Luxembourg

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

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

  • Salary Range

    Petroleum Geologist salaries in Luxembourg range from 4,180 EUR per month (minimum salary) to 12,300 EUR per month (maximum salary).

  • Median Salary

    The median salary is 7,720 EUR per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 7,720 EUR while the other half are earning more than 7,720 EUR. 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 5,360 EUR while 75% of them are earning more than 5,360 EUR. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 9,610 EUR while 25% are earning more than 9,610 EUR.


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 Luxembourg Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/luxembourg/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-years-of-experience-monthly-luxembourg-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 4,750 EUR per month.

While someone with an experience level between two and five years is expected to earn 6,380 EUR 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 8,290 EUR 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 10,000 EUR 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 11,000 EUR 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 11,500 EUR per month, 5% more than people with fifteen to twenty years of experience.


Petroleum Geologist average salary change by experience in Luxembourg

0 - 2 Years
4,750 EUR
2 - 5 Years+34%
6,380 EUR
5 - 10 Years+30%
8,290 EUR
10 - 15 Years+21%
10,000 EUR
15 - 20 Years+9%
11,000 EUR
20+ Years+5%
11,500 EUR
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 Luxembourg Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/luxembourg/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-education-level-monthly-luxembourg-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 6,130 EUR per month.

While someone with a Master's Degree gets a salary of 7,600 EUR per month, 24% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 12,100 EUR per month, 60% more than someone with a Master's Degree.


Petroleum Geologist average salary difference by education level in Luxembourg

Bachelor's Degree
6,130 EUR
Master's Degree+24%
7,600 EUR
PhD+60%
12,100 EUR
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 Luxembourg costs anywhere from 24,600 Euro(s) to 73,700 Euro(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 Luxembourg Petroleum Geologist
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/luxembourg/oil-gas-energy-mining/petroleum-geologist/salary-comparison-by-gender-monthly-luxembourg-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 Luxembourg earn 5% more than their female counterparts on average.

Male
8,230 EUR
Female-4%
7,870 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Luxembourg for all Careers

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

Petroleum Geologist Average Annual Salary Increment Percentage in Luxembourg

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

Petroleum Geologist

Petroleum Geologist(s) in Luxembourg are likely to observe a salary increase of approximately 13% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.

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

Luxembourg / 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 Luxembourg is 6%.

Annual Increment Rate By Industry 2020

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

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

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

45% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 55% 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
55%
No Bonus
45%

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 Luxembourg


46 EUR per hour

The average hourly wage (pay per hour) in Luxembourg is 46 EUR. This means that the average Petroleum Geologist in Luxembourg earns approximately 46 EUR 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 Luxembourg
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/luxembourg/oil-gas-energy-mining/petroleum-geologist/salary-comparison-between-petroleum-geologist-and-oil-gas-energy-mining-monthly-luxembourg.jpg

The average salary for Petroleum Geologist is 82% 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 Manager4,200 EUR-48%
Associate Analyst4,880 EUR-39%
Associate Landman2,050 EUR-75%
Auxiliary Equipment Operator1,830 EUR-77%
Biomass Plant Technician2,250 EUR-72%
Biomass Power Plant Manager6,610 EUR-18%
Chemical Plant Operator3,750 EUR-53%
Chief Contract Compliance Engineer4,800 EUR-40%
Completions Engineer4,160 EUR-48%
Cost Controller3,340 EUR-58%
Crude Oil Marketing Representative4,690 EUR-42%
Dispatcher1,900 EUR-76%
Distribution Manager6,380 EUR-21%
Dragline Operator2,070 EUR-74%
Driller Offsider1,610 EUR-80%
Dump Truck Driver1,800 EUR-78%
Electric and Gas Operations Manager10,200 EUR+27%
Energy Advisor6,870 EUR-15%
Energy Analyst6,530 EUR-19%
Energy Auditor5,890 EUR-27%
Energy Dispatch Director7,910 EUR-2%
Energy Technical Assistant2,920 EUR-64%
Energy Technical Manager5,340 EUR-34%
Energy Technical Trainer3,780 EUR-53%
Exploration Manager8,230 EUR+2%
Field Safety Auditor5,320 EUR-34%
Fluids Engineer4,440 EUR-45%
Fuel Cell Engineer4,880 EUR-39%
Fuel Cell Technician2,380 EUR-70%
Fuels Handler2,030 EUR-75%
Gas Compressor Operator1,970 EUR-76%
Gas Distribution Plant Operator3,750 EUR-53%
Gas Supply Manager6,800 EUR-15%
Geologist8,250 EUR+3%
Geophysicist8,400 EUR+4%
Geothermal Production Manager7,880 EUR-2%
Geothermal Technician3,310 EUR-59%
HSE Engineer4,740 EUR-41%
HSE Officer2,670 EUR-67%
HSEQ Administrator3,100 EUR-61%
Inspector4,060 EUR-50%
Instructor3,750 EUR-53%
Instrument Designer3,690 EUR-54%
Lead Technical Field Advisor5,700 EUR-29%
Logistics and Tool Coordinator3,980 EUR-51%
Maintenance Engineer4,570 EUR-43%
Maintenance Superintendent4,130 EUR-49%
Material Controller2,920 EUR-64%
Mine Engineer4,550 EUR-43%
Mine Surveyor5,060 EUR-37%
Mining Project Administrator4,150 EUR-48%
Mining Project Assistant3,230 EUR-60%
Mining Project Controls Consultant5,230 EUR-35%
Mining Project Coordinator3,950 EUR-51%
Mining Project Engineer4,330 EUR-46%
Mining Project Manager5,580 EUR-31%
Mining Site Manager6,230 EUR-23%
Mining Team Leader4,880 EUR-39%
NDT Technician2,670 EUR-67%
Oil Service Unit Operator2,460 EUR-69%
Oil Trader6,090 EUR-24%
Oilwell Pumper1,640 EUR-80%
Petroleum Engineer 5,300 EUR-34%
Petroleum Geologist8,040 EUR-0%
Petroleum Pump System Operator2,420 EUR-70%
Pipeline Technician1,760 EUR-78%
Power Coordinator2,710 EUR-66%
Power Plant Operations Manager9,230 EUR+15%
Power Plant Operator3,840 EUR-52%
Radio Operator1,970 EUR-76%
Reliability Engineer4,610 EUR-43%
Reservoir Engineer4,040 EUR-50%
Risk Analyst5,480 EUR-32%
Roughneck4,570 EUR-43%
Scaffolder3,000 EUR-63%
Shutdown Engineer3,830 EUR-52%
Solar Energy Installation Manager6,580 EUR-18%
Solar Energy Systems Engineer4,750 EUR-41%
Solar Photovoltaic Installer3,080 EUR-62%
Solar Thermal Technician2,710 EUR-66%
Supply Operations Manager7,310 EUR-9%
Sustainability Specialist7,350 EUR-9%
System Development Advisor5,120 EUR-36%
Tanker Truck Driver1,760 EUR-78%
Utility Operator2,350 EUR-71%
Wind Energy Project Manager6,060 EUR-25%

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 Luxembourg earn 6% more than their private sector counterparts on average across all sectors.

Private Sector
4,780 EUR
Public Sector+6%
5,070 EUR
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2021