Average Energy Analyst Salary in Madagascar for 2024

In this article, we will look at the average Energy Analyst salary for 2024 in Madagascar and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Malagasy ariary. To keep things simple, we are using the MGA currency code instead of the currency symbol Ar.

How Much Does an Energy Analyst Make in Madagascar?

An Energy Analyst working in Madagascar will typically earn around 20,159,800 MGA per year, and this can range from the lowest average salary of about 10,691,100 MGA to the highest average salary of 30,600,900 MGA.

Average Annual Salary
20,159,800 MGA
Average Monthly Salary
1,679,983 MGA

Lowest Annual Salary
10,691,100 MGA
Lowest Monthly Salary
890,925 MGA

Highest Annual Salary
30,600,900 MGA
Highest Monthly Salary
2,550,075 MGA

These are average salaries for an Energy Analyst in Madagascar and include benefits such as housing and transport. It's also possible for an Energy Analyst to earn more or less than the average salaries shown above.

Energy Analyst salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Energy Analyst Salaries in Madagascar

So we've looked at the average salaries an Energy Analyst will earn in Madagascar. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Energy Analyst can earn between 10,691,100 MGA and 30,600,900 MGA on average in Madagascar. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Energy Analyst in Madagascar is 18,958,500 MGA. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 18,958,500 MGA, and 50% of the population earn more than 18,958,500 MGA.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Energy Analyst salary in Madagascar, 25% of the population are earning less than 13,319,300 MGA while 75% of the population earn more than 13,319,300 MGA.

75% of the population earn less than 23,280,700 MGA, and 25% of the population earn more than 23,280,700 MGA.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Energy Analyst Salary by Experience Level in Madagascar

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average energy analyst salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Energy Analyst in Madagascar that has less than two years of experience can expect to earn somewhere in the region of 12,239,700 MGA.
  • 2 - 5 Years Experience. With two to five years of experience the average Energy Analyst salary would increase to 15,118,700 MGA.
  • 5 - 10 Years Experience. From five to ten years of experience as an Energy Analyst, the average salary would be 21,361,700 MGA.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 24,958,800 MGA.
  • 15 - 20 Years Experience. An Energy Analyst with 15 to 20 years of experience can earn an average of 27,479,000 MGA.
  • 20+ Years Experience. For an Energy Analyst with more than 20 years, the expected average salary increases to 29,041,200 MGA.

Average Salary by Experience Chart

0-2 Years
12,239,700 MGA
2-5 Years +23%
15,118,700 MGA
5-10 Years +42%
21,361,700 MGA
10-15 Years +17%
24,958,800 MGA
15-20 Years +10%
27,479,000 MGA
20+ Years +6%
29,041,200 MGA

Energy Analyst Salary by Education Level in Madagascar

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Energy Analyst in Madagascar based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Energy Analyst in Madagascar with a bachelor's degree education can earn an average salary of 13,919,600 MGA.

  • Master's Degree. An Energy Analyst in Madagascar with a master's degree education can earn an average salary of 26,880,900 MGA.

Average Salary by Education Chart

Bachelor's Degree
13,919,600 MGA
Master's Degree +93%
26,880,900 MGA

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Madagascar is around 6,570,000 to 19,700,000 MGA and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Energy Analyst Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Madagascar, a male energy analyst will earn an average of 21,241,100 MGA, while a female energy analyst will earn around 18,479,600 MGA.

This means that a male energy analyst earns approximately 15% more than a female energy analyst for performing the same job.

Average Salary by Gender Chart in Madagascar

Male
21,241,100 MGA
Female -15%
18,479,600 MGA

Energy Analyst Average Pay Raise in Madagascar

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Energy Analyst in Madagascar is around 9% every 28 months.

The national average pay raise across all professions and industries in Madagascar is around 5% every 28 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 9 ÷ 28 ) × 12  = 4%

What this means is that an Energy Analyst in Madagascar can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Madagascar for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Madagascar.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

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

Energy Analyst Bonus and Incentive Rates in Madagascar

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Energy Analyst is a moderate bonus based job, with 60% of employees reporting at least one bonus in the last 12 months.

40% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 6% to 8%.

Received Bonus
60%
No Bonus
40%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Madagascar earn approximately 18% more than private sector employees in the same role.

Public Sector
16,679,800 MGA
Private Sector -18%
14,158,800 MGA

Salaries for Jobs Similar to an Energy Analyst

In the table below, we have salary information for jobs that are similar to an Energy Analyst in Madagascar.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 14,038,300 MGA
Associate Analyst Oil / Gas / Energy / Mining 15,838,200 MGA
Associate Landman Oil / Gas / Energy / Mining 6,648,800 MGA
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 6,156,100 MGA
Biomass Plant Technician Oil / Gas / Energy / Mining 7,297,800 MGA
Biomass Power Plant Manager Oil / Gas / Energy / Mining 21,478,100 MGA
Chemical Plant Operator Oil / Gas / Energy / Mining 12,239,700 MGA
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 15,118,700 MGA
Completions Engineer Oil / Gas / Energy / Mining 13,679,300 MGA
Cost Controller Oil / Gas / Energy / Mining 10,403,600 MGA
Cost Engineer Oil / Gas / Energy / Mining 14,400,800 MGA
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 15,118,700 MGA
Dispatcher Oil / Gas / Energy / Mining 6,073,300 MGA
Distribution Manager Oil / Gas / Energy / Mining 19,921,600 MGA
Dragline Operator Oil / Gas / Energy / Mining 6,721,800 MGA
Driller Offsider Oil / Gas / Energy / Mining 5,123,800 MGA
Dump Truck Driver Oil / Gas / Energy / Mining 5,771,600 MGA
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 32,639,300 MGA
Energy Advisor Oil / Gas / Energy / Mining 22,918,100 MGA
Energy Auditor Oil / Gas / Energy / Mining 18,239,400 MGA
Energy Dispatch Director Oil / Gas / Energy / Mining 25,321,400 MGA
Energy Technical Assistant Oil / Gas / Energy / Mining 8,701,100 MGA
Energy Technical Manager Oil / Gas / Energy / Mining 17,879,000 MGA
Energy Technical Support Manager Oil / Gas / Energy / Mining 17,879,000 MGA
Energy Technical Trainer Oil / Gas / Energy / Mining 12,958,200 MGA
Engineering Geologist Oil / Gas / Energy / Mining 26,399,200 MGA
Exploration Manager Oil / Gas / Energy / Mining 26,399,200 MGA
Field Safety Auditor Oil / Gas / Energy / Mining 16,198,300 MGA
Fluids Engineer Oil / Gas / Energy / Mining 13,919,600 MGA
Fuel Cell Engineer Oil / Gas / Energy / Mining 15,719,900 MGA
Fuel Cell Technician Oil / Gas / Energy / Mining 7,726,700 MGA
Fuels Handler Oil / Gas / Energy / Mining 6,529,400 MGA
Gas Compressor Operator Oil / Gas / Energy / Mining 6,514,800 MGA
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 12,361,500 MGA
Gas Supply Manager Oil / Gas / Energy / Mining 21,961,700 MGA
Geologist Oil / Gas / Energy / Mining 26,639,300 MGA
Geophysicist Oil / Gas / Energy / Mining 27,361,200 MGA
Geothermal Production Manager Oil / Gas / Energy / Mining 24,478,500 MGA
Geothermal Technician Oil / Gas / Energy / Mining 10,297,600 MGA
HSE Engineer Oil / Gas / Energy / Mining 14,760,200 MGA
HSE Officer Oil / Gas / Energy / Mining 9,239,600 MGA
HSE Supervisor Oil / Gas / Energy / Mining 10,907,900 MGA
HSEQ Administrator Oil / Gas / Energy / Mining 10,669,400 MGA
Inspector Oil / Gas / Energy / Mining 13,798,900 MGA
Instructor Oil / Gas / Energy / Mining 12,239,700 MGA
Instrument Designer Oil / Gas / Energy / Mining 11,447,200 MGA
Lead Technical Field Advisor Oil / Gas / Energy / Mining 18,958,500 MGA
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 12,721,300 MGA
Maintenance Engineer Oil / Gas / Energy / Mining 15,001,200 MGA
Maintenance Superintendent Oil / Gas / Energy / Mining 13,679,300 MGA
Material Controller Oil / Gas / Energy / Mining 9,863,700 MGA
Mine Engineer Oil / Gas / Energy / Mining 14,760,200 MGA
Mine Surveyor Oil / Gas / Energy / Mining 15,599,800 MGA
Mining Project Administrator Oil / Gas / Energy / Mining 13,441,600 MGA
Mining Project Assistant Oil / Gas / Energy / Mining 10,499,200 MGA
Mining Project Controls Consultant Oil / Gas / Energy / Mining 17,039,100 MGA
Mining Project Coordinator Oil / Gas / Energy / Mining 13,199,100 MGA
Mining Project Engineer Oil / Gas / Energy / Mining 14,519,400 MGA
Mining Project Manager Oil / Gas / Energy / Mining 18,958,500 MGA
Mining Site Manager Oil / Gas / Energy / Mining 20,281,100 MGA
Mining Team Leader Oil / Gas / Energy / Mining 15,838,200 MGA
NDT Technician Oil / Gas / Energy / Mining 8,771,100 MGA
Oil Service Unit Operator Oil / Gas / Energy / Mining 7,693,200 MGA
Oil Trader Oil / Gas / Energy / Mining 18,598,500 MGA
Oilwell Pumper Oil / Gas / Energy / Mining 5,326,200 MGA
Petroleum Engineer Oil / Gas / Energy / Mining 16,799,900 MGA
Petroleum Geologist Oil / Gas / Energy / Mining 26,280,300 MGA
Petroleum Pump System Operator Oil / Gas / Energy / Mining 8,172,900 MGA
Petroleum Technician Oil / Gas / Energy / Mining 8,771,100 MGA
Pipeline Technician Oil / Gas / Energy / Mining 5,761,400 MGA
Power Coordinator Oil / Gas / Energy / Mining 8,845,500 MGA
Power Plant Operations Manager Oil / Gas / Energy / Mining 27,361,200 MGA
Power Plant Operator Oil / Gas / Energy / Mining 12,239,700 MGA
Radio Operator Oil / Gas / Energy / Mining 6,420,700 MGA
Reliability Engineer Oil / Gas / Energy / Mining 14,158,800 MGA
Reservoir Engineer Oil / Gas / Energy / Mining 12,958,200 MGA
Risk Analyst Oil / Gas / Energy / Mining 18,001,100 MGA
Roughneck Oil / Gas / Energy / Mining 15,118,700 MGA
Scaffolder Oil / Gas / Energy / Mining 9,430,600 MGA
Shutdown Engineer Oil / Gas / Energy / Mining 12,239,700 MGA
Solar Energy Installation Manager Oil / Gas / Energy / Mining 21,719,900 MGA
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 15,719,900 MGA
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 9,239,600 MGA
Solar Thermal Technician Oil / Gas / Energy / Mining 9,025,900 MGA
Supply Operations Manager Oil / Gas / Energy / Mining 24,841,800 MGA
Sustainability Specialist Oil / Gas / Energy / Mining 23,040,200 MGA
System Development Advisor Oil / Gas / Energy / Mining 17,278,100 MGA
Tanker Truck Driver Oil / Gas / Energy / Mining 5,998,900 MGA
Utility Operator Oil / Gas / Energy / Mining 7,715,800 MGA
Wind Energy Project Manager Oil / Gas / Energy / Mining 21,361,700 MGA

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