A person working as a Petroleum Geologist in Bangladesh typically earns around 42,400 BDT per month. Salaries range from 19,500 BDT (lowest) to 67,400 BDT (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 Bangladesh range from 19,500 BDT per month (minimum salary) to 67,400 BDT per month (maximum salary).
The median salary is 45,800 BDT per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 45,800 BDT while the other half are earning more than 45,800 BDT. 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 29,400 BDT while 75% of them are earning more than 29,400 BDT. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 61,200 BDT while 25% are earning more than 61,200 BDT.
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 22,100 BDT per month.
While someone with an experience level between two and five years is expected to earn 29,600 BDT 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 43,700 BDT per month, 48% 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 53,300 BDT per month, 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 58,100 BDT 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 62,900 BDT per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|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 25,300 BDT per month.
While someone with a Master's Degree gets a salary of 39,600 BDT per month, 57% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 66,500 BDT per month, 68% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Bangladesh costs anywhere from 130,000 Taka(s) to 390,000 Taka(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 Bangladesh earn 21% more than their female counterparts on average.
Petroleum Geologist(s) in Bangladesh 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 Bangladesh 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.
57% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 43% 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.
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 81% 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||23,900 BDT||-44%|
|Associate Analyst||27,700 BDT||-35%|
|Associate Landman||11,600 BDT||-73%|
|Auxiliary Equipment Operator||9,560 BDT||-77%|
|Biomass Plant Technician||12,400 BDT||-71%|
|Biomass Power Plant Manager||32,700 BDT||-23%|
|Chemical Plant Operator||19,600 BDT||-54%|
|Chief Contract Compliance Engineer||24,700 BDT||-42%|
|Completions Engineer||23,200 BDT||-45%|
|Cost Controller||17,700 BDT||-58%|
|Crude Oil Marketing Representative||25,600 BDT||-40%|
|Distribution Manager||34,600 BDT||-18%|
|Dragline Operator||12,100 BDT||-71%|
|Driller Offsider||8,980 BDT||-79%|
|Dump Truck Driver||9,240 BDT||-78%|
|Electric and Gas Operations Manager||57,100 BDT||+35%|
|Energy Advisor||37,900 BDT||-11%|
|Energy Analyst||36,400 BDT||-14%|
|Energy Auditor||29,600 BDT||-30%|
|Energy Dispatch Director||43,800 BDT||+3%|
|Energy Technical Assistant||15,600 BDT||-63%|
|Energy Technical Manager||30,400 BDT||-28%|
|Energy Technical Trainer||20,300 BDT||-52%|
|Exploration Manager||40,900 BDT||-4%|
|Field Safety Auditor||26,800 BDT||-37%|
|Fluids Engineer||24,100 BDT||-43%|
|Fuel Cell Engineer||26,300 BDT||-38%|
|Fuel Cell Technician||12,700 BDT||-70%|
|Fuels Handler||11,100 BDT||-74%|
|Gas Compressor Operator||11,200 BDT||-74%|
|Gas Distribution Plant Operator||19,100 BDT||-55%|
|Gas Supply Manager||36,900 BDT||-13%|
|Geothermal Production Manager||40,700 BDT||-4%|
|Geothermal Technician||17,000 BDT||-60%|
|HSE Engineer||24,400 BDT||-42%|
|HSE Officer||15,100 BDT||-64%|
|HSEQ Administrator||17,100 BDT||-60%|
|Instrument Designer||18,500 BDT||-56%|
|Lead Technical Field Advisor||30,900 BDT||-27%|
|Logistics and Tool Coordinator||20,400 BDT||-52%|
|Maintenance Engineer||24,700 BDT||-42%|
|Maintenance Superintendent||21,500 BDT||-49%|
|Material Controller||15,800 BDT||-63%|
|Mine Engineer||24,300 BDT||-43%|
|Mine Surveyor||28,200 BDT||-34%|
|Mining Project Administrator||21,700 BDT||-49%|
|Mining Project Assistant||16,500 BDT||-61%|
|Mining Project Controls Consultant||26,500 BDT||-38%|
|Mining Project Coordinator||21,300 BDT||-50%|
|Mining Project Engineer||22,600 BDT||-47%|
|Mining Project Manager||31,600 BDT||-25%|
|Mining Site Manager||30,800 BDT||-27%|
|Mining Team Leader||26,900 BDT||-37%|
|NDT Technician||14,900 BDT||-65%|
|Oil Service Unit Operator||13,000 BDT||-69%|
|Oil Trader||30,700 BDT||-28%|
|Oilwell Pumper||9,620 BDT||-77%|
|Petroleum Engineer||27,200 BDT||-36%|
|Petroleum Geologist||42,400 BDT||-0%|
|Petroleum Pump System Operator||13,100 BDT||-69%|
|Pipeline Technician||9,230 BDT||-78%|
|Power Coordinator||14,700 BDT||-65%|
|Power Plant Operations Manager||48,000 BDT||+13%|
|Power Plant Operator||20,600 BDT||-51%|
|Radio Operator||11,200 BDT||-74%|
|Reliability Engineer||23,800 BDT||-44%|
|Reservoir Engineer||22,100 BDT||-48%|
|Risk Analyst||29,600 BDT||-30%|
|Shutdown Engineer||19,600 BDT||-54%|
|Solar Energy Installation Manager||37,300 BDT||-12%|
|Solar Energy Systems Engineer||24,200 BDT||-43%|
|Solar Photovoltaic Installer||15,600 BDT||-63%|
|Solar Thermal Technician||15,000 BDT||-65%|
|Supply Operations Manager||40,200 BDT||-5%|
|Sustainability Specialist||40,800 BDT||-4%|
|System Development Advisor||26,800 BDT||-37%|
|Tanker Truck Driver||9,140 BDT||-78%|
|Utility Operator||13,100 BDT||-69%|
|Wind Energy Project Manager||34,900 BDT||-18%|
|Coxs Bazar||42,400 BDT|
|St. Martin||38,600 BDT|
Where can you get paid more, working for a private company or for the government? Public sector employees in Bangladesh earn 25% more than their private sector counterparts on average across all sectors.