A person working as a Petroleum Geologist in Australia typically earns around 154,000 AUD per year. Salaries range from 75,600 AUD (lowest) to 241,000 AUD (highest).
This is the average yearly 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 Australia range from 75,600 AUD per year (minimum salary) to 241,000 AUD per year (maximum salary).
The median salary is 157,000 AUD per year, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 157,000 AUD while the other half are earning more than 157,000 AUD. 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 105,000 AUD while 75% of them are earning more than 105,000 AUD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 203,000 AUD while 25% are earning more than 203,000 AUD.
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 89,600 AUD per year.
While someone with an experience level between two and five years is expected to earn 115,000 AUD per year, 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 159,000 AUD per year, 38% 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 197,000 AUD per year, 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 211,000 AUD per year, 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 225,000 AUD per year, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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 105,000 AUD per year.
While someone with a Master's Degree gets a salary of 145,000 AUD per year, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 237,000 AUD per year, 64% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Australia costs anywhere from 37,800 Australian Dollar(s) to 114,000 Australian 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.
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 Australia earn 5% more than their female counterparts on average.
Petroleum Geologist(s) in Australia are likely to observe a salary increase of approximately 13% every 16 months. The national average annual increment for all professions combined is 8% granted to employees every 16 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 Australia 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.
41% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 59% 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.
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 89% 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||80,600 AUD||-48%|
|Associate Analyst||95,000 AUD||-38%|
|Associate Landman||39,900 AUD||-74%|
|Auxiliary Equipment Operator||34,100 AUD||-78%|
|Biomass Plant Technician||44,000 AUD||-71%|
|Biomass Power Plant Manager||115,000 AUD||-25%|
|Chemical Plant Operator||71,000 AUD||-54%|
|Chief Contract Compliance Engineer||85,900 AUD||-44%|
|Completions Engineer||78,100 AUD||-49%|
|Cost Controller||62,700 AUD||-59%|
|Crude Oil Marketing Representative||95,500 AUD||-38%|
|Distribution Manager||118,000 AUD||-23%|
|Dragline Operator||40,100 AUD||-74%|
|Driller Offsider||30,700 AUD||-80%|
|Dump Truck Driver||33,400 AUD||-78%|
|Electric and Gas Operations Manager||195,000 AUD||+26%|
|Energy Advisor||132,000 AUD||-14%|
|Energy Analyst||126,000 AUD||-18%|
|Energy Auditor||113,000 AUD||-27%|
|Energy Dispatch Director||149,000 AUD||-3%|
|Energy Technical Assistant||53,800 AUD||-65%|
|Energy Technical Manager||103,000 AUD||-33%|
|Energy Technical Trainer||72,700 AUD||-53%|
|Exploration Manager||153,000 AUD||-1%|
|Field Safety Auditor||98,300 AUD||-36%|
|Fluids Engineer||82,000 AUD||-47%|
|Fuel Cell Engineer||87,600 AUD||-43%|
|Fuel Cell Technician||42,300 AUD||-73%|
|Fuels Handler||41,400 AUD||-73%|
|Gas Compressor Operator||36,000 AUD||-77%|
|Gas Distribution Plant Operator||67,600 AUD||-56%|
|Gas Supply Manager||137,000 AUD||-11%|
|Geothermal Production Manager||150,000 AUD||-3%|
|Geothermal Technician||62,300 AUD||-60%|
|HSE Engineer||89,400 AUD||-42%|
|HSE Officer||55,000 AUD||-64%|
|HSEQ Administrator||58,700 AUD||-62%|
|Instrument Designer||70,700 AUD||-54%|
|Lead Technical Field Advisor||113,000 AUD||-27%|
|Logistics and Tool Coordinator||73,800 AUD||-52%|
|Maintenance Engineer||86,200 AUD||-44%|
|Maintenance Superintendent||80,900 AUD||-48%|
|Material Controller||60,000 AUD||-61%|
|Mine Engineer||80,800 AUD||-48%|
|Mine Surveyor||98,100 AUD||-36%|
|Mining Project Administrator||74,900 AUD||-51%|
|Mining Project Assistant||62,000 AUD||-60%|
|Mining Project Controls Consultant||99,300 AUD||-36%|
|Mining Project Coordinator||77,200 AUD||-50%|
|Mining Project Engineer||80,600 AUD||-48%|
|Mining Project Manager||111,000 AUD||-28%|
|Mining Site Manager||109,000 AUD||-29%|
|Mining Team Leader||95,200 AUD||-38%|
|NDT Technician||50,200 AUD||-67%|
|Oil Service Unit Operator||45,700 AUD||-70%|
|Oil Trader||113,000 AUD||-27%|
|Oilwell Pumper||31,800 AUD||-79%|
|Petroleum Engineer||93,800 AUD||-39%|
|Petroleum Geologist||154,000 AUD||-0%|
|Petroleum Pump System Operator||49,700 AUD||-68%|
|Pipeline Technician||33,400 AUD||-78%|
|Power Coordinator||51,700 AUD||-66%|
|Power Plant Operations Manager||173,000 AUD||+12%|
|Power Plant Operator||72,800 AUD||-53%|
|Radio Operator||38,500 AUD||-75%|
|Reliability Engineer||83,900 AUD||-46%|
|Reservoir Engineer||82,200 AUD||-47%|
|Risk Analyst||103,000 AUD||-33%|
|Shutdown Engineer||71,000 AUD||-54%|
|Solar Energy Installation Manager||120,000 AUD||-22%|
|Solar Energy Systems Engineer||85,700 AUD||-44%|
|Solar Photovoltaic Installer||54,800 AUD||-64%|
|Solar Thermal Technician||52,800 AUD||-66%|
|Supply Operations Manager||146,000 AUD||-5%|
|Sustainability Specialist||134,000 AUD||-13%|
|System Development Advisor||95,400 AUD||-38%|
|Tanker Truck Driver||33,900 AUD||-78%|
|Utility Operator||44,200 AUD||-71%|
|Wind Energy Project Manager||115,000 AUD||-25%|
|Gold Coast-Tweed||149,000 AUD|
|Sunshine Coast||139,000 AUD|
Where can you get paid more, working for a private company or for the government? Public sector employees in Australia earn 5% more than their private sector counterparts on average across all sectors.