Average Engineering Geologist Salary in Nicaragua for 2024

In this article, we will look at the average Engineering Geologist salary for 2024 in Nicaragua 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 Nicaraguan córdoba. To keep things simple, we are using the NIO currency code instead of the currency symbol C$.

How Much Does an Engineering Geologist Make in Nicaragua?

An Engineering Geologist working in Nicaragua will typically earn around 385,300 NIO per year, and this can range from the lowest average salary of about 201,100 NIO to the highest average salary of 592,600 NIO.

Average Annual Salary
385,300 NIO
Average Monthly Salary
32,108 NIO

Lowest Annual Salary
201,100 NIO
Lowest Monthly Salary
16,758 NIO

Highest Annual Salary
592,600 NIO
Highest Monthly Salary
49,383 NIO

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

Engineering Geologist 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 Engineering Geologist Salaries in Nicaragua

So we've looked at the average salaries an Engineering Geologist will earn in Nicaragua. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Engineering Geologist can earn between 201,100 NIO and 592,600 NIO on average in Nicaragua. 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 Engineering Geologist in Nicaragua is 369,300 NIO. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 369,300 NIO, and 50% of the population earn more than 369,300 NIO.

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 Engineering Geologist salary in Nicaragua, 25% of the population are earning less than 257,700 NIO while 75% of the population earn more than 257,700 NIO.

75% of the population earn less than 462,300 NIO, and 25% of the population earn more than 462,300 NIO.

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.

Engineering Geologist Salary by Experience Level in Nicaragua

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 engineering geologist 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 Engineering Geologist in Nicaragua that has less than two years of experience can expect to earn somewhere in the region of 227,600 NIO.
  • 2 - 5 Years Experience. With two to five years of experience the average Engineering Geologist salary would increase to 307,400 NIO.
  • 5 - 10 Years Experience. From five to ten years of experience as an Engineering Geologist, the average salary would be 398,300 NIO.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 483,400 NIO.
  • 15 - 20 Years Experience. An Engineering Geologist with 15 to 20 years of experience can earn an average of 525,700 NIO.
  • 20+ Years Experience. For an Engineering Geologist with more than 20 years, the expected average salary increases to 553,400 NIO.

Average Salary by Experience Chart

0-2 Years
227,600 NIO
2-5 Years +34%
307,400 NIO
5-10 Years +30%
398,300 NIO
10-15 Years +21%
483,400 NIO
15-20 Years +9%
525,700 NIO
20+ Years +5%
553,400 NIO

Engineering Geologist Salary by Education Level in Nicaragua

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 Engineering Geologist in Nicaragua 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 Engineering Geologist in Nicaragua with a bachelor's degree education can earn an average salary of 294,700 NIO.

  • Master's Degree. An Engineering Geologist in Nicaragua with a master's degree education can earn an average salary of 363,000 NIO.

  • PhD. An Engineering Geologist in Nicaragua with a phd education can earn an average salary of 582,700 NIO.

Average Salary by Education Chart

Bachelor's Degree
294,700 NIO
Master's Degree +24%
363,000 NIO
PhD +60%
582,700 NIO

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 Nicaragua is around 94,700 to 284,000 NIO 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.

Engineering Geologist 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 Nicaragua, a male engineering geologist will earn an average of 407,100 NIO, while a female engineering geologist will earn around 372,600 NIO.

This means that a male engineering geologist earns approximately 9% more than a female engineering geologist for performing the same job.

Average Salary by Gender Chart in Nicaragua

Male
407,100 NIO
Female -9%
372,600 NIO

Engineering Geologist Average Pay Raise in Nicaragua

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 Engineering Geologist in Nicaragua is around 10% every 28 months.

The national average pay raise across all professions and industries in Nicaragua 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 = ( 10 ÷ 28 ) × 12  = 4%

What this means is that an Engineering Geologist in Nicaragua can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Nicaragua for 2024

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

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

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Engineering Geologist Bonus and Incentive Rates in Nicaragua

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 Engineering Geologist is a low bonus based job, with 37% of employees reporting at least one bonus in the last 12 months.

63% 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 3% to 5%.

Received Bonus
37%
No Bonus
63%

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 Nicaragua earn approximately 14% more than private sector employees in the same role.

Public Sector
245,300 NIO
Private Sector -14%
215,100 NIO

Salaries for Jobs Similar to an Engineering Geologist

In the table below, we have salary information for jobs that are similar to an Engineering Geologist in Nicaragua.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 204,000 NIO
Associate Analyst Oil / Gas / Energy / Mining 231,000 NIO
Associate Landman Oil / Gas / Energy / Mining 97,760 NIO
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 82,520 NIO
Biomass Plant Technician Oil / Gas / Energy / Mining 99,340 NIO
Biomass Power Plant Manager Oil / Gas / Energy / Mining 297,000 NIO
Chemical Plant Operator Oil / Gas / Energy / Mining 168,100 NIO
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 221,500 NIO
Completions Engineer Oil / Gas / Energy / Mining 196,800 NIO
Cost Controller Oil / Gas / Energy / Mining 150,000 NIO
Cost Engineer Oil / Gas / Energy / Mining 192,600 NIO
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 210,500 NIO
Dispatcher Oil / Gas / Energy / Mining 88,240 NIO
Distribution Manager Oil / Gas / Energy / Mining 288,100 NIO
Dragline Operator Oil / Gas / Energy / Mining 94,940 NIO
Driller Offsider Oil / Gas / Energy / Mining 71,400 NIO
Dump Truck Driver Oil / Gas / Energy / Mining 78,420 NIO
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 464,900 NIO
Energy Advisor Oil / Gas / Energy / Mining 311,700 NIO
Energy Analyst Oil / Gas / Energy / Mining 288,100 NIO
Energy Auditor Oil / Gas / Energy / Mining 267,100 NIO
Energy Dispatch Director Oil / Gas / Energy / Mining 369,300 NIO
Energy Technical Assistant Oil / Gas / Energy / Mining 123,400 NIO
Energy Technical Manager Oil / Gas / Energy / Mining 263,200 NIO
Energy Technical Support Manager Oil / Gas / Energy / Mining 259,100 NIO
Energy Technical Trainer Oil / Gas / Energy / Mining 174,000 NIO
Exploration Manager Oil / Gas / Energy / Mining 361,600 NIO
Field Safety Auditor Oil / Gas / Energy / Mining 233,600 NIO
Fluids Engineer Oil / Gas / Energy / Mining 200,000 NIO
Fuel Cell Engineer Oil / Gas / Energy / Mining 210,500 NIO
Fuel Cell Technician Oil / Gas / Energy / Mining 107,820 NIO
Fuels Handler Oil / Gas / Energy / Mining 89,980 NIO
Gas Compressor Operator Oil / Gas / Energy / Mining 88,240 NIO
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 172,200 NIO
Gas Supply Manager Oil / Gas / Energy / Mining 315,900 NIO
Geologist Oil / Gas / Energy / Mining 359,900 NIO
Geophysicist Oil / Gas / Energy / Mining 369,300 NIO
Geothermal Production Manager Oil / Gas / Energy / Mining 348,300 NIO
Geothermal Technician Oil / Gas / Energy / Mining 152,100 NIO
HSE Engineer Oil / Gas / Energy / Mining 216,800 NIO
HSE Officer Oil / Gas / Energy / Mining 127,700 NIO
HSE Supervisor Oil / Gas / Energy / Mining 148,300 NIO
HSEQ Administrator Oil / Gas / Energy / Mining 146,200 NIO
Inspector Oil / Gas / Energy / Mining 187,500 NIO
Instructor Oil / Gas / Energy / Mining 164,200 NIO
Instrument Designer Oil / Gas / Energy / Mining 167,100 NIO
Lead Technical Field Advisor Oil / Gas / Energy / Mining 273,000 NIO
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 172,200 NIO
Maintenance Engineer Oil / Gas / Energy / Mining 221,500 NIO
Maintenance Superintendent Oil / Gas / Energy / Mining 190,500 NIO
Material Controller Oil / Gas / Energy / Mining 130,400 NIO
Mine Engineer Oil / Gas / Energy / Mining 205,700 NIO
Mine Surveyor Oil / Gas / Energy / Mining 221,500 NIO
Mining Project Administrator Oil / Gas / Energy / Mining 185,100 NIO
Mining Project Assistant Oil / Gas / Energy / Mining 143,200 NIO
Mining Project Controls Consultant Oil / Gas / Energy / Mining 239,000 NIO
Mining Project Coordinator Oil / Gas / Energy / Mining 175,900 NIO
Mining Project Engineer Oil / Gas / Energy / Mining 197,600 NIO
Mining Project Manager Oil / Gas / Energy / Mining 254,800 NIO
Mining Site Manager Oil / Gas / Energy / Mining 283,400 NIO
Mining Team Leader Oil / Gas / Energy / Mining 212,500 NIO
NDT Technician Oil / Gas / Energy / Mining 127,700 NIO
Oil Service Unit Operator Oil / Gas / Energy / Mining 103,900 NIO
Oil Trader Oil / Gas / Energy / Mining 267,100 NIO
Oilwell Pumper Oil / Gas / Energy / Mining 76,540 NIO
Petroleum Engineer Oil / Gas / Energy / Mining 228,500 NIO
Petroleum Geologist Oil / Gas / Energy / Mining 382,600 NIO
Petroleum Pump System Operator Oil / Gas / Energy / Mining 107,860 NIO
Petroleum Technician Oil / Gas / Energy / Mining 115,600 NIO
Pipeline Technician Oil / Gas / Energy / Mining 80,180 NIO
Power Coordinator Oil / Gas / Energy / Mining 127,700 NIO
Power Plant Operations Manager Oil / Gas / Energy / Mining 384,200 NIO
Power Plant Operator Oil / Gas / Energy / Mining 168,100 NIO
Radio Operator Oil / Gas / Energy / Mining 93,780 NIO
Reliability Engineer Oil / Gas / Energy / Mining 205,700 NIO
Reservoir Engineer Oil / Gas / Energy / Mining 183,600 NIO
Risk Analyst Oil / Gas / Energy / Mining 263,900 NIO
Roughneck Oil / Gas / Energy / Mining 205,700 NIO
Scaffolder Oil / Gas / Energy / Mining 137,400 NIO
Shutdown Engineer Oil / Gas / Energy / Mining 161,600 NIO
Solar Energy Installation Manager Oil / Gas / Energy / Mining 288,700 NIO
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 216,800 NIO
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 128,900 NIO
Solar Thermal Technician Oil / Gas / Energy / Mining 130,400 NIO
Supply Operations Manager Oil / Gas / Energy / Mining 341,400 NIO
Sustainability Specialist Oil / Gas / Energy / Mining 332,100 NIO
System Development Advisor Oil / Gas / Energy / Mining 233,900 NIO
Tanker Truck Driver Oil / Gas / Energy / Mining 83,200 NIO
Utility Operator Oil / Gas / Energy / Mining 111,240 NIO
Wind Energy Project Manager Oil / Gas / Energy / Mining 299,500 NIO

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