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Petroleum Geologist Average Salary in Albania 2021

How much money does a Petroleum Geologist make in Albania?


Average Monthly Salary
160,000 ALL
( 1,920,000 ALL yearly)

LOW
73,500
ALL
AVERAGE
160,000
ALL
HIGH
254,000
ALL

A person working as a Petroleum Geologist in Albania typically earns around 160,000 ALL per month. Salaries range from 73,500 ALL (lowest) to 254,000 ALL (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 Albania

Median and salary distribution monthly Albania Petroleum Geologist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Petroleum Geologist salaries in Albania range from 73,500 ALL per month (minimum salary) to 254,000 ALL per month (maximum salary).

  • Median Salary

    The median salary is 173,000 ALL per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 173,000 ALL while the other half are earning more than 173,000 ALL. 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 111,000 ALL while 75% of them are earning more than 111,000 ALL. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 231,000 ALL while 25% are earning more than 231,000 ALL.


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 Albania 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 83,500 ALL per month.

While someone with an experience level between two and five years is expected to earn 111,000 ALL 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 165,000 ALL per month, 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 201,000 ALL 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 219,000 ALL 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 237,000 ALL per month, 8% more than people with fifteen to twenty years of experience.


Petroleum Geologist average salary change by experience in Albania

0 - 2 Years
83,500 ALL
2 - 5 Years+34%
111,000 ALL
5 - 10 Years+48%
165,000 ALL
10 - 15 Years+22%
201,000 ALL
15 - 20 Years+9%
219,000 ALL
20+ Years+8%
237,000 ALL
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 monthly Albania 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 95,200 ALL per month.

While someone with a Master's Degree gets a salary of 149,000 ALL per month, 57% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 251,000 ALL per month, 68% more than someone with a Master's Degree.


Petroleum Geologist average salary difference by education level in Albania

Bachelor's Degree
95,200 ALL
Master's Degree+57%
149,000 ALL
PhD+68%
251,000 ALL
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 Albania costs anywhere from 480,000 Lek(s) to 1,440,000 Lek(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 monthly Albania 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 Albania earn 11% more than their female counterparts on average.

Male
168,000 ALL
Female-10%
152,000 ALL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Albania for all Careers

Salary comparison by gender monthly Albania
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Petroleum Geologist Average Annual Salary Increment Percentage in Albania

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

Petroleum Geologist

Petroleum Geologist(s) in Albania are likely to observe a salary increase of approximately 9% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Albania 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.

Albania / 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 Albania is 2%.

Annual Increment Rate By Industry 2020

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

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

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

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.

Received Bonus
43%
No Bonus
57%

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 Albania


920 ALL per hour

The average hourly wage (pay per hour) in Albania is 920 ALL. This means that the average Petroleum Geologist in Albania earns approximately 920 ALL 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 Albania
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The average salary for Petroleum Geologist is 85% 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 Manager88,000 ALL-45%
Associate Analyst96,500 ALL-40%
Associate Landman40,500 ALL-75%
Auxiliary Equipment Operator37,500 ALL-77%
Biomass Plant Technician43,400 ALL-73%
Biomass Power Plant Manager125,000 ALL-22%
Chemical Plant Operator72,900 ALL-54%
Chief Contract Compliance Engineer99,500 ALL-38%
Completions Engineer85,200 ALL-47%
Cost Controller68,400 ALL-57%
Crude Oil Marketing Representative94,200 ALL-41%
Dispatcher40,900 ALL-74%
Distribution Manager131,000 ALL-18%
Dragline Operator42,000 ALL-74%
Driller Offsider34,500 ALL-78%
Dump Truck Driver34,300 ALL-79%
Electric and Gas Operations Manager219,000 ALL+37%
Energy Advisor140,000 ALL-12%
Energy Analyst133,000 ALL-17%
Energy Auditor117,000 ALL-27%
Energy Dispatch Director166,000 ALL+4%
Energy Technical Assistant55,800 ALL-65%
Energy Technical Manager112,000 ALL-30%
Energy Technical Trainer80,900 ALL-49%
Exploration Manager153,000 ALL-4%
Field Safety Auditor104,000 ALL-35%
Fluids Engineer91,200 ALL-43%
Fuel Cell Engineer93,600 ALL-41%
Fuel Cell Technician44,800 ALL-72%
Fuels Handler40,800 ALL-74%
Gas Compressor Operator39,700 ALL-75%
Gas Distribution Plant Operator73,800 ALL-54%
Gas Supply Manager134,000 ALL-16%
Geologist158,000 ALL-1%
Geophysicist163,000 ALL+2%
Geothermal Production Manager161,000 ALL+1%
Geothermal Technician66,000 ALL-59%
HSE Engineer94,600 ALL-41%
HSE Officer57,700 ALL-64%
HSEQ Administrator66,700 ALL-58%
Inspector86,400 ALL-46%
Instructor72,600 ALL-55%
Instrument Designer73,400 ALL-54%
Lead Technical Field Advisor118,000 ALL-26%
Logistics and Tool Coordinator75,700 ALL-53%
Maintenance Engineer91,200 ALL-43%
Maintenance Superintendent81,500 ALL-49%
Material Controller61,600 ALL-61%
Mine Engineer85,500 ALL-47%
Mine Surveyor103,000 ALL-36%
Mining Project Administrator77,700 ALL-51%
Mining Project Assistant62,400 ALL-61%
Mining Project Controls Consultant99,000 ALL-38%
Mining Project Coordinator80,100 ALL-50%
Mining Project Engineer88,800 ALL-44%
Mining Project Manager119,000 ALL-26%
Mining Site Manager117,000 ALL-27%
Mining Team Leader94,000 ALL-41%
NDT Technician54,800 ALL-66%
Oil Service Unit Operator49,300 ALL-69%
Oil Trader119,000 ALL-26%
Oilwell Pumper33,300 ALL-79%
Petroleum Engineer 108,000 ALL-32%
Petroleum Geologist160,000 ALL+0%
Petroleum Pump System Operator51,100 ALL-68%
Pipeline Technician34,300 ALL-79%
Power Coordinator55,300 ALL-65%
Power Plant Operations Manager176,000 ALL+10%
Power Plant Operator78,500 ALL-51%
Radio Operator39,100 ALL-76%
Reliability Engineer90,600 ALL-43%
Reservoir Engineer81,100 ALL-49%
Risk Analyst109,000 ALL-32%
Roughneck92,300 ALL-42%
Scaffolder61,900 ALL-61%
Shutdown Engineer72,800 ALL-54%
Solar Energy Installation Manager132,000 ALL-17%
Solar Energy Systems Engineer93,500 ALL-42%
Solar Photovoltaic Installer59,200 ALL-63%
Solar Thermal Technician56,400 ALL-65%
Supply Operations Manager151,000 ALL-6%
Sustainability Specialist152,000 ALL-5%
System Development Advisor105,000 ALL-34%
Tanker Truck Driver36,600 ALL-77%
Utility Operator48,200 ALL-70%
Wind Energy Project Manager133,000 ALL-17%

Salary Comparison By City

CityAverage Salary
Berat154,000 ALL
Durres186,000 ALL
Elbasan175,000 ALL
Fier164,000 ALL
Gjirokaster150,000 ALL
Korca168,000 ALL
Lezhe153,000 ALL
Sarande153,000 ALL
Shkodra165,000 ALL
Tirana181,000 ALL
Vlore167,000 ALL

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 Albania earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
91,300 ALL
Public Sector+14%
104,000 ALL
Percentage increase and decrease are relative to the previous value

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