A person working as a Petroleum Geologist in Eritrea typically earns around 11,500 ERN per month. Salaries range from 5,610 ERN (lowest) to 17,900 ERN (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 Eritrea range from 5,610 ERN per month (minimum salary) to 17,900 ERN per month (maximum salary).
The median salary is 11,700 ERN per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 11,700 ERN while the other half are earning more than 11,700 ERN. 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 7,780 ERN while 75% of them are earning more than 7,780 ERN. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 15,100 ERN while 25% are earning more than 15,100 ERN.
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 6,650 ERN per month.
While someone with an experience level between two and five years is expected to earn 8,550 ERN per month, 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 11,800 ERN per month, 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 14,600 ERN per month, 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 15,700 ERN per month, 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 16,700 ERN per month, 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 7,820 ERN per month.
While someone with a Master's Degree gets a salary of 10,800 ERN per month, 38% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 17,600 ERN per month, 64% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Eritrea costs anywhere from 34,200 Nakfa(s) to 103,000 Nakfa(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 Eritrea earn 11% more than their female counterparts on average.
Petroleum Geologist(s) in Eritrea 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.
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 Eritrea 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.
60% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 40% 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 86% 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||5,700 ERN||-50%|
|Associate Analyst||6,570 ERN||-43%|
|Associate Landman||2,760 ERN||-76%|
|Auxiliary Equipment Operator||2,470 ERN||-78%|
|Biomass Plant Technician||2,990 ERN||-74%|
|Biomass Power Plant Manager||8,280 ERN||-28%|
|Chemical Plant Operator||5,040 ERN||-56%|
|Chief Contract Compliance Engineer||6,430 ERN||-44%|
|Completions Engineer||5,750 ERN||-50%|
|Cost Controller||4,610 ERN||-60%|
|Crude Oil Marketing Representative||6,620 ERN||-42%|
|Distribution Manager||8,430 ERN||-26%|
|Dragline Operator||2,820 ERN||-75%|
|Driller Offsider||2,210 ERN||-81%|
|Dump Truck Driver||2,470 ERN||-78%|
|Electric and Gas Operations Manager||14,100 ERN||+23%|
|Energy Advisor||9,180 ERN||-20%|
|Energy Analyst||8,910 ERN||-22%|
|Energy Auditor||7,600 ERN||-34%|
|Energy Dispatch Director||10,300 ERN||-10%|
|Energy Technical Assistant||3,920 ERN||-66%|
|Energy Technical Manager||7,250 ERN||-37%|
|Energy Technical Trainer||5,310 ERN||-54%|
|Exploration Manager||11,100 ERN||-3%|
|Field Safety Auditor||6,690 ERN||-42%|
|Fluids Engineer||5,870 ERN||-49%|
|Fuel Cell Engineer||6,760 ERN||-41%|
|Fuel Cell Technician||3,120 ERN||-73%|
|Fuels Handler||2,870 ERN||-75%|
|Gas Compressor Operator||2,720 ERN||-76%|
|Gas Distribution Plant Operator||4,880 ERN||-57%|
|Gas Supply Manager||9,050 ERN||-21%|
|Geothermal Production Manager||10,300 ERN||-10%|
|Geothermal Technician||4,500 ERN||-61%|
|HSE Engineer||6,460 ERN||-44%|
|HSE Officer||3,800 ERN||-67%|
|HSEQ Administrator||4,170 ERN||-64%|
|Instrument Designer||4,760 ERN||-58%|
|Lead Technical Field Advisor||7,630 ERN||-33%|
|Logistics and Tool Coordinator||5,450 ERN||-52%|
|Maintenance Engineer||6,230 ERN||-46%|
|Maintenance Superintendent||5,680 ERN||-50%|
|Material Controller||4,010 ERN||-65%|
|Mine Engineer||5,960 ERN||-48%|
|Mine Surveyor||6,910 ERN||-40%|
|Mining Project Administrator||5,140 ERN||-55%|
|Mining Project Assistant||4,090 ERN||-64%|
|Mining Project Controls Consultant||6,930 ERN||-39%|
|Mining Project Coordinator||5,510 ERN||-52%|
|Mining Project Engineer||5,850 ERN||-49%|
|Mining Project Manager||7,750 ERN||-32%|
|Mining Site Manager||7,800 ERN||-32%|
|Mining Team Leader||6,470 ERN||-43%|
|NDT Technician||3,700 ERN||-68%|
|Oil Service Unit Operator||3,210 ERN||-72%|
|Oil Trader||7,660 ERN||-33%|
|Oilwell Pumper||2,240 ERN||-80%|
|Petroleum Engineer||6,700 ERN||-41%|
|Petroleum Geologist||11,500 ERN||+0%|
|Petroleum Pump System Operator||3,330 ERN||-71%|
|Pipeline Technician||2,370 ERN||-79%|
|Power Coordinator||3,910 ERN||-66%|
|Power Plant Operations Manager||11,700 ERN||+2%|
|Power Plant Operator||4,920 ERN||-57%|
|Radio Operator||2,660 ERN||-77%|
|Reliability Engineer||6,140 ERN||-46%|
|Reservoir Engineer||5,700 ERN||-50%|
|Risk Analyst||7,480 ERN||-35%|
|Shutdown Engineer||5,240 ERN||-54%|
|Solar Energy Installation Manager||9,080 ERN||-21%|
|Solar Energy Systems Engineer||6,180 ERN||-46%|
|Solar Photovoltaic Installer||4,170 ERN||-64%|
|Solar Thermal Technician||3,840 ERN||-66%|
|Supply Operations Manager||10,000 ERN||-13%|
|Sustainability Specialist||10,300 ERN||-10%|
|System Development Advisor||6,920 ERN||-40%|
|Tanker Truck Driver||2,430 ERN||-79%|
|Utility Operator||3,250 ERN||-72%|
|Wind Energy Project Manager||8,450 ERN||-26%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Eritrea earn 21% more than their private sector counterparts on average across all sectors.