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Petroleum Geologist Average Salary in Colombia 2021

How much money does a Petroleum Geologist make in Colombia?


Average Monthly Salary
7,550,000 COP
( 90,600,000 COP yearly)

LOW
3,930,000
COP
AVERAGE
7,550,000
COP
HIGH
11,600,000
COP

A person working as a Petroleum Geologist in Colombia typically earns around 7,550,000 COP per month. Salaries range from 3,930,000 COP (lowest) to 11,600,000 COP (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 Colombia

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

  • Salary Range

    Petroleum Geologist salaries in Colombia range from 3,930,000 COP per month (minimum salary) to 11,600,000 COP per month (maximum salary).

  • Median Salary

    The median salary is 7,250,000 COP per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 7,250,000 COP while the other half are earning more than 7,250,000 COP. 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 5,030,000 COP while 75% of them are earning more than 5,030,000 COP. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 9,030,000 COP while 25% are earning more than 9,030,000 COP.


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 Colombia 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 4,460,000 COP per month.

While someone with an experience level between two and five years is expected to earn 5,990,000 COP 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 7,780,000 COP 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 9,420,000 COP 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 10,300,000 COP 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 10,800,000 COP per month, 5% more than people with fifteen to twenty years of experience.


Petroleum Geologist average salary change by experience in Colombia

0 - 2 Years
4,460,000 COP
2 - 5 Years+34%
5,990,000 COP
5 - 10 Years+30%
7,780,000 COP
10 - 15 Years+21%
9,420,000 COP
15 - 20 Years+9%
10,300,000 COP
20+ Years+5%
10,800,000 COP
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 Colombia 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 5,760,000 COP per month.

While someone with a Master's Degree gets a salary of 7,130,000 COP per month, 24% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 11,400,000 COP per month, 60% more than someone with a Master's Degree.


Petroleum Geologist average salary difference by education level in Colombia

Bachelor's Degree
5,760,000 COP
Master's Degree+24%
7,130,000 COP
PhD+60%
11,400,000 COP
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 Colombia costs anywhere from 23,500,000 Colombian Peso(s) to 70,400,000 Colombian Peso(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 Colombia 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 Colombia earn 10% more than their female counterparts on average.

Male
7,990,000 COP
Female-9%
7,260,000 COP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Colombia for all Careers

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

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

Petroleum Geologist

Petroleum Geologist(s) in Colombia are likely to observe a salary increase of approximately 12% every 19 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Annual Salary Increment Rate Colombia 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.

Colombia / 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 Colombia is 4%.

Annual Increment Rate By Industry 2020

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

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

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

48% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 52% 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
52%
No Bonus
48%

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 Colombia


43,600 COP per hour

The average hourly wage (pay per hour) in Colombia is 43,600 COP. This means that the average Petroleum Geologist in Colombia earns approximately 43,600 COP 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 Colombia
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The average salary for Petroleum Geologist is 79% 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 Manager4,150,000 COP-45%
Associate Analyst4,600,000 COP-39%
Associate Landman1,930,000 COP-74%
Auxiliary Equipment Operator1,840,000 COP-76%
Biomass Plant Technician2,180,000 COP-71%
Biomass Power Plant Manager5,920,000 COP-22%
Chemical Plant Operator3,600,000 COP-52%
Chief Contract Compliance Engineer4,320,000 COP-43%
Completions Engineer4,190,000 COP-45%
Cost Controller3,040,000 COP-60%
Crude Oil Marketing Representative4,820,000 COP-36%
Dispatcher1,820,000 COP-76%
Distribution Manager5,780,000 COP-23%
Dragline Operator2,100,000 COP-72%
Driller Offsider1,550,000 COP-79%
Dump Truck Driver1,760,000 COP-77%
Electric and Gas Operations Manager9,850,000 COP+30%
Energy Advisor6,300,000 COP-17%
Energy Analyst5,990,000 COP-21%
Energy Auditor5,530,000 COP-27%
Energy Dispatch Director7,030,000 COP-7%
Energy Technical Assistant2,580,000 COP-66%
Energy Technical Manager5,280,000 COP-30%
Energy Technical Trainer3,640,000 COP-52%
Exploration Manager7,480,000 COP-1%
Field Safety Auditor5,070,000 COP-33%
Fluids Engineer4,030,000 COP-47%
Fuel Cell Engineer4,730,000 COP-37%
Fuel Cell Technician2,140,000 COP-72%
Fuels Handler2,090,000 COP-72%
Gas Compressor Operator1,830,000 COP-76%
Gas Distribution Plant Operator3,560,000 COP-53%
Gas Supply Manager6,460,000 COP-14%
Geologist8,010,000 COP+6%
Geophysicist8,090,000 COP+7%
Geothermal Production Manager7,200,000 COP-5%
Geothermal Technician3,090,000 COP-59%
HSE Engineer4,430,000 COP-41%
HSE Officer2,560,000 COP-66%
HSEQ Administrator2,980,000 COP-61%
Inspector3,950,000 COP-48%
Instructor3,610,000 COP-52%
Instrument Designer3,460,000 COP-54%
Lead Technical Field Advisor5,680,000 COP-25%
Logistics and Tool Coordinator3,890,000 COP-49%
Maintenance Engineer4,270,000 COP-43%
Maintenance Superintendent3,900,000 COP-48%
Material Controller2,860,000 COP-62%
Mine Engineer4,090,000 COP-46%
Mine Surveyor4,650,000 COP-38%
Mining Project Administrator3,750,000 COP-50%
Mining Project Assistant3,110,000 COP-59%
Mining Project Controls Consultant4,660,000 COP-38%
Mining Project Coordinator3,630,000 COP-52%
Mining Project Engineer4,340,000 COP-43%
Mining Project Manager5,430,000 COP-28%
Mining Site Manager5,570,000 COP-26%
Mining Team Leader4,710,000 COP-38%
NDT Technician2,690,000 COP-64%
Oil Service Unit Operator2,290,000 COP-70%
Oil Trader5,800,000 COP-23%
Oilwell Pumper1,660,000 COP-78%
Petroleum Engineer 4,880,000 COP-35%
Petroleum Geologist7,550,000 COP-0%
Petroleum Pump System Operator2,380,000 COP-68%
Pipeline Technician1,690,000 COP-78%
Power Coordinator2,740,000 COP-64%
Power Plant Operations Manager8,190,000 COP+8%
Power Plant Operator3,510,000 COP-54%
Radio Operator1,860,000 COP-75%
Reliability Engineer4,380,000 COP-42%
Reservoir Engineer4,150,000 COP-45%
Risk Analyst5,130,000 COP-32%
Roughneck4,220,000 COP-44%
Scaffolder2,710,000 COP-64%
Shutdown Engineer3,740,000 COP-50%
Solar Energy Installation Manager6,100,000 COP-19%
Solar Energy Systems Engineer4,500,000 COP-40%
Solar Photovoltaic Installer2,700,000 COP-64%
Solar Thermal Technician2,690,000 COP-64%
Supply Operations Manager7,290,000 COP-3%
Sustainability Specialist6,640,000 COP-12%
System Development Advisor5,140,000 COP-32%
Tanker Truck Driver1,740,000 COP-77%
Utility Operator2,370,000 COP-69%
Wind Energy Project Manager5,680,000 COP-25%

Salary Comparison By City

CityAverage Salary
Barranquilla7,900,000 COP
Bello7,330,000 COP
Bogota8,730,000 COP
Bucaramanga7,610,000 COP
Buenaventura7,190,000 COP
Cartagena8,430,000 COP
Cucuta8,130,000 COP
Ibague7,910,000 COP
Manizales7,090,000 COP
Medellin8,430,000 COP
Monteria7,330,000 COP
Neiva7,210,000 COP
Pereira7,780,000 COP
Santa Marta7,820,000 COP
Soacha7,920,000 COP
Soledad7,710,000 COP
Valledupar7,890,000 COP
Villavicencio7,980,000 COP

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 Colombia earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
4,400,000 COP
Public Sector+11%
4,880,000 COP
Percentage increase and decrease are relative to the previous value

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