A person working as a Petroleum Geologist in Guatemala typically earns around 17,300 GTQ per month. Salaries range from 8,980 GTQ (lowest) to 26,400 GTQ (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 Guatemala range from 8,980 GTQ per month (minimum salary) to 26,400 GTQ per month (maximum salary).
The median salary is 16,600 GTQ per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 16,600 GTQ while the other half are earning more than 16,600 GTQ. 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 11,500 GTQ while 75% of them are earning more than 11,500 GTQ. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 20,600 GTQ while 25% are earning more than 20,600 GTQ.
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 10,200 GTQ per month.
While someone with an experience level between two and five years is expected to earn 13,700 GTQ 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 17,800 GTQ per month, 30% 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 21,500 GTQ 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 23,600 GTQ 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 24,800 GTQ per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|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 13,200 GTQ per month.
While someone with a Master's Degree gets a salary of 16,300 GTQ per month, 24% more than someone having a Bachelor's Degree degree.
A PhD gets its holder an average salary of 26,100 GTQ per month, 60% more than someone with a Master's Degree.
A Master's degree program or any post-graduate program in Guatemala costs anywhere from 52,400 Quetzal(s) to 157,000 Quetzal(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 Guatemala earn 10% more than their female counterparts on average.
Petroleum Geologist(s) in Guatemala 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.
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 Guatemala 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.
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.
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 83% 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||9,040 GTQ||-48%|
|Associate Analyst||9,950 GTQ||-42%|
|Associate Landman||4,180 GTQ||-76%|
|Auxiliary Equipment Operator||3,610 GTQ||-79%|
|Biomass Plant Technician||4,640 GTQ||-73%|
|Biomass Power Plant Manager||13,200 GTQ||-24%|
|Chemical Plant Operator||7,770 GTQ||-55%|
|Chief Contract Compliance Engineer||9,290 GTQ||-46%|
|Completions Engineer||8,420 GTQ||-51%|
|Cost Controller||6,760 GTQ||-61%|
|Crude Oil Marketing Representative||9,890 GTQ||-43%|
|Distribution Manager||12,300 GTQ||-29%|
|Dragline Operator||4,170 GTQ||-76%|
|Driller Offsider||3,420 GTQ||-80%|
|Dump Truck Driver||3,510 GTQ||-80%|
|Electric and Gas Operations Manager||21,700 GTQ||+26%|
|Energy Advisor||13,500 GTQ||-22%|
|Energy Analyst||13,200 GTQ||-24%|
|Energy Auditor||11,500 GTQ||-33%|
|Energy Dispatch Director||16,200 GTQ||-6%|
|Energy Technical Assistant||5,570 GTQ||-68%|
|Energy Technical Manager||11,500 GTQ||-33%|
|Energy Technical Trainer||8,220 GTQ||-52%|
|Exploration Manager||16,300 GTQ||-6%|
|Field Safety Auditor||10,300 GTQ||-40%|
|Fluids Engineer||8,560 GTQ||-50%|
|Fuel Cell Engineer||9,560 GTQ||-45%|
|Fuel Cell Technician||4,510 GTQ||-74%|
|Fuels Handler||4,280 GTQ||-75%|
|Gas Compressor Operator||4,060 GTQ||-76%|
|Gas Distribution Plant Operator||7,440 GTQ||-57%|
|Gas Supply Manager||13,800 GTQ||-20%|
|Geothermal Production Manager||15,100 GTQ||-13%|
|Geothermal Technician||6,770 GTQ||-61%|
|HSE Engineer||9,700 GTQ||-44%|
|HSE Officer||5,840 GTQ||-66%|
|HSEQ Administrator||6,430 GTQ||-63%|
|Instrument Designer||7,180 GTQ||-58%|
|Lead Technical Field Advisor||12,200 GTQ||-29%|
|Logistics and Tool Coordinator||7,760 GTQ||-55%|
|Maintenance Engineer||9,370 GTQ||-46%|
|Maintenance Superintendent||8,610 GTQ||-50%|
|Material Controller||6,310 GTQ||-63%|
|Mine Engineer||8,600 GTQ||-50%|
|Mine Surveyor||10,200 GTQ||-41%|
|Mining Project Administrator||8,240 GTQ||-52%|
|Mining Project Assistant||6,350 GTQ||-63%|
|Mining Project Controls Consultant||9,920 GTQ||-43%|
|Mining Project Coordinator||8,160 GTQ||-53%|
|Mining Project Engineer||8,550 GTQ||-51%|
|Mining Project Manager||12,100 GTQ||-30%|
|Mining Site Manager||12,400 GTQ||-28%|
|Mining Team Leader||10,100 GTQ||-42%|
|NDT Technician||5,410 GTQ||-69%|
|Oil Service Unit Operator||4,800 GTQ||-72%|
|Oil Trader||11,700 GTQ||-32%|
|Oilwell Pumper||3,310 GTQ||-81%|
|Petroleum Engineer||9,900 GTQ||-43%|
|Petroleum Geologist||17,300 GTQ||+0%|
|Petroleum Pump System Operator||5,230 GTQ||-70%|
|Pipeline Technician||3,650 GTQ||-79%|
|Power Coordinator||5,760 GTQ||-67%|
|Power Plant Operations Manager||18,500 GTQ||+7%|
|Power Plant Operator||7,210 GTQ||-58%|
|Radio Operator||4,030 GTQ||-77%|
|Reliability Engineer||9,370 GTQ||-46%|
|Reservoir Engineer||8,520 GTQ||-51%|
|Risk Analyst||11,200 GTQ||-35%|
|Shutdown Engineer||7,470 GTQ||-57%|
|Solar Energy Installation Manager||13,500 GTQ||-22%|
|Solar Energy Systems Engineer||9,420 GTQ||-45%|
|Solar Photovoltaic Installer||5,890 GTQ||-66%|
|Solar Thermal Technician||5,530 GTQ||-68%|
|Supply Operations Manager||14,500 GTQ||-16%|
|Sustainability Specialist||14,900 GTQ||-14%|
|System Development Advisor||10,100 GTQ||-42%|
|Tanker Truck Driver||3,500 GTQ||-80%|
|Utility Operator||4,760 GTQ||-72%|
|Wind Energy Project Manager||12,700 GTQ||-26%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Guatemala earn 11% more than their private sector counterparts on average across all sectors.