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Petroleum Geologist Average Salary in Norway 2021

How much money does a Petroleum Geologist make in Norway?


Average Yearly Salary
966,000 NOK
( 80,500 NOK monthly)

LOW
444,000
NOK
AVERAGE
966,000
NOK
HIGH
1,540,000
NOK

A person working as a Petroleum Geologist in Norway typically earns around 966,000 NOK per year. Salaries range from 444,000 NOK (lowest) to 1,540,000 NOK (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 Salary Distribution in Norway

Median and salary distribution yearly Norway Petroleum Geologist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Petroleum Geologist salaries in Norway range from 444,000 NOK per year (minimum salary) to 1,540,000 NOK per year (maximum salary).

  • Median Salary

    The median salary is 1,040,000 NOK per year, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 1,040,000 NOK while the other half are earning more than 1,040,000 NOK. 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 670,000 NOK while 75% of them are earning more than 670,000 NOK. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 1,390,000 NOK while 25% are earning more than 1,390,000 NOK.


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 yearly Norway 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 505,000 NOK per year.

While someone with an experience level between two and five years is expected to earn 674,000 NOK per year, 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 996,000 NOK per year, 48% 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 1,210,000 NOK per year, 22% 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 1,320,000 NOK per year, 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 1,430,000 NOK per year, 8% more than people with fifteen to twenty years of experience.


Petroleum Geologist average salary change by experience in Norway

0 - 2 Years
505,000 NOK
2 - 5 Years+34%
674,000 NOK
5 - 10 Years+48%
996,000 NOK
10 - 15 Years+22%
1,210,000 NOK
15 - 20 Years+9%
1,320,000 NOK
20+ Years+8%
1,430,000 NOK
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 yearly Norway 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 575,000 NOK per year.

While someone with a Master's Degree gets a salary of 903,000 NOK per year, 57% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 1,510,000 NOK per year, 68% more than someone with a Master's Degree.


Petroleum Geologist average salary difference by education level in Norway

Bachelor's Degree
575,000 NOK
Master's Degree+57%
903,000 NOK
PhD+68%
1,510,000 NOK
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 Norway costs anywhere from 255,000 Norwegian Krone(s) to 765,000 Norwegian Krone(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 yearly Norway 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 Norway earn 4% more than their female counterparts on average.

Male
986,000 NOK
Female-4%
946,000 NOK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Norway for all Careers

Salary comparison by gender yearly Norway
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Petroleum Geologist Average Annual Salary Increment Percentage in Norway

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

Petroleum Geologist

Petroleum Geologist(s) in Norway are likely to observe a salary increase of approximately 14% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 15 months.

Annual Salary Increment Rate Norway 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.

Norway / 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 Norway is 7%.

Annual Increment Rate By Industry 2020

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

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

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

38% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 62% 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
62%
No Bonus
38%

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 Norway


460 NOK per hour

The average hourly wage (pay per hour) in Norway is 460 NOK. This means that the average Petroleum Geologist in Norway earns approximately 460 NOK 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 yearly Norway
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The average salary for Petroleum Geologist is 75% 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

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Dump Truck Driver207,000 NOK-79%
Electric and Gas Operations Manager1,230,000 NOK+27%
Energy Advisor822,000 NOK-15%
Energy Analyst794,000 NOK-18%
Energy Auditor673,000 NOK-30%
Energy Dispatch Director989,000 NOK+2%
Energy Technical Assistant347,000 NOK-64%
Energy Technical Manager693,000 NOK-28%
Energy Technical Trainer487,000 NOK-50%
Exploration Manager967,000 NOK+0%
Field Safety Auditor630,000 NOK-35%
Fluids Engineer512,000 NOK-47%
Fuel Cell Engineer579,000 NOK-40%
Fuel Cell Technician266,000 NOK-72%
Fuels Handler248,000 NOK-74%
Gas Compressor Operator249,000 NOK-74%
Gas Distribution Plant Operator444,000 NOK-54%
Gas Supply Manager860,000 NOK-11%
Geologist980,000 NOK+1%
Geophysicist1,030,000 NOK+7%
Geothermal Production Manager973,000 NOK+1%
Geothermal Technician384,000 NOK-60%
HSE Engineer551,000 NOK-43%
HSE Officer322,000 NOK-67%
HSEQ Administrator406,000 NOK-58%
Inspector508,000 NOK-47%
Instructor460,000 NOK-52%
Instrument Designer422,000 NOK-56%
Lead Technical Field Advisor716,000 NOK-26%
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Mining Project Controls Consultant602,000 NOK-38%
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Salary Comparison By City

CityAverage Salary
Oslo1,060,000 NOK
Stavanger998,000 NOK
Tromso899,000 NOK
Trondheim1,030,000 NOK

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 Norway earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
596,000 NOK
Public Sector+5%
628,000 NOK
Percentage increase and decrease are relative to the previous value

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