A person working as a Petroleum Geologist in Ethiopia typically earns around 14,100 ETB per month. Salaries range from 6,490 ETB (lowest) to 22,400 ETB (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 Ethiopia range from 6,490 ETB per month (minimum salary) to 22,400 ETB per month (maximum salary).
The median salary is 15,200 ETB per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 15,200 ETB while the other half are earning more than 15,200 ETB. 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 9,780 ETB while 75% of them are earning more than 9,780 ETB. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 20,300 ETB while 25% are earning more than 20,300 ETB.
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 7,370 ETB per month.
While someone with an experience level between two and five years is expected to earn 9,840 ETB 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 14,500 ETB 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 17,700 ETB 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 19,300 ETB 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 20,900 ETB 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 8,400 ETB per month.
While someone with a Master's Degree gets a salary of 13,200 ETB per month, 57% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 22,100 ETB per month, 68% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Ethiopia costs anywhere from 44,500 Ethiopian Birr(s) to 133,000 Ethiopian Birr(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 Ethiopia earn 19% more than their female counterparts on average.
Petroleum Geologist(s) in Ethiopia 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 Ethiopia 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 76% 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||7,370 ETB||-48%|
|Associate Analyst||8,620 ETB||-39%|
|Associate Landman||3,620 ETB||-74%|
|Auxiliary Equipment Operator||3,320 ETB||-76%|
|Biomass Plant Technician||3,790 ETB||-73%|
|Biomass Power Plant Manager||11,600 ETB||-18%|
|Chemical Plant Operator||6,210 ETB||-56%|
|Chief Contract Compliance Engineer||8,550 ETB||-39%|
|Completions Engineer||7,590 ETB||-46%|
|Cost Controller||5,500 ETB||-61%|
|Crude Oil Marketing Representative||8,910 ETB||-37%|
|Distribution Manager||11,500 ETB||-18%|
|Dragline Operator||3,840 ETB||-73%|
|Driller Offsider||2,960 ETB||-79%|
|Dump Truck Driver||3,110 ETB||-78%|
|Electric and Gas Operations Manager||18,800 ETB||+33%|
|Energy Advisor||12,700 ETB||-10%|
|Energy Analyst||10,900 ETB||-23%|
|Energy Auditor||10,300 ETB||-27%|
|Energy Dispatch Director||13,800 ETB||-2%|
|Energy Technical Assistant||5,020 ETB||-64%|
|Energy Technical Manager||9,370 ETB||-34%|
|Energy Technical Trainer||6,980 ETB||-51%|
|Exploration Manager||13,500 ETB||-4%|
|Field Safety Auditor||8,710 ETB||-38%|
|Fluids Engineer||8,030 ETB||-43%|
|Fuel Cell Engineer||8,280 ETB||-41%|
|Fuel Cell Technician||4,230 ETB||-70%|
|Fuels Handler||3,860 ETB||-73%|
|Gas Compressor Operator||3,380 ETB||-76%|
|Gas Distribution Plant Operator||6,700 ETB||-53%|
|Gas Supply Manager||12,200 ETB||-14%|
|Geothermal Production Manager||13,100 ETB||-7%|
|Geothermal Technician||5,750 ETB||-59%|
|HSE Engineer||8,250 ETB||-42%|
|HSE Officer||4,860 ETB||-66%|
|HSEQ Administrator||5,690 ETB||-60%|
|Instrument Designer||6,470 ETB||-54%|
|Lead Technical Field Advisor||10,200 ETB||-28%|
|Logistics and Tool Coordinator||6,860 ETB||-51%|
|Maintenance Engineer||7,950 ETB||-44%|
|Maintenance Superintendent||7,320 ETB||-48%|
|Material Controller||5,570 ETB||-61%|
|Mine Engineer||8,060 ETB||-43%|
|Mine Surveyor||8,490 ETB||-40%|
|Mining Project Administrator||6,710 ETB||-52%|
|Mining Project Assistant||5,390 ETB||-62%|
|Mining Project Controls Consultant||9,130 ETB||-35%|
|Mining Project Coordinator||7,350 ETB||-48%|
|Mining Project Engineer||7,860 ETB||-44%|
|Mining Project Manager||10,500 ETB||-26%|
|Mining Site Manager||11,000 ETB||-22%|
|Mining Team Leader||8,210 ETB||-42%|
|NDT Technician||4,880 ETB||-65%|
|Oil Service Unit Operator||4,250 ETB||-70%|
|Oil Trader||9,970 ETB||-29%|
|Oilwell Pumper||3,040 ETB||-78%|
|Petroleum Engineer||8,940 ETB||-37%|
|Petroleum Geologist||14,100 ETB||-0%|
|Petroleum Pump System Operator||4,620 ETB||-67%|
|Pipeline Technician||2,920 ETB||-79%|
|Power Coordinator||4,990 ETB||-65%|
|Power Plant Operations Manager||16,000 ETB||+13%|
|Power Plant Operator||6,370 ETB||-55%|
|Radio Operator||3,490 ETB||-75%|
|Reliability Engineer||7,490 ETB||-47%|
|Reservoir Engineer||7,670 ETB||-46%|
|Risk Analyst||9,540 ETB||-32%|
|Shutdown Engineer||6,600 ETB||-53%|
|Solar Energy Installation Manager||11,300 ETB||-20%|
|Solar Energy Systems Engineer||8,490 ETB||-40%|
|Solar Photovoltaic Installer||5,200 ETB||-63%|
|Solar Thermal Technician||4,790 ETB||-66%|
|Supply Operations Manager||13,100 ETB||-7%|
|Sustainability Specialist||13,200 ETB||-6%|
|System Development Advisor||9,300 ETB||-34%|
|Tanker Truck Driver||3,090 ETB||-78%|
|Utility Operator||4,300 ETB||-70%|
|Wind Energy Project Manager||10,600 ETB||-25%|
|Adis Abeba||16,100 ETB|
Where can you get paid more, working for a private company or for the government? Public sector employees in Ethiopia earn 14% more than their private sector counterparts on average across all sectors.