Average Geothermal Production Manager Salary in Colombia for 2024

In this article, we will look at the average Geothermal Production Manager salary for 2024 in Colombia 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 Colombian peso. To keep things simple, we are using the COP currency code instead of the currency symbol $.

How Much Does a Geothermal Production Manager Make in Colombia?

A Geothermal Production Manager working in Colombia will typically earn around 86,398,400 COP per year, and this can range from the lowest average salary of about 44,998,200 COP to the highest average salary of 131,998,300 COP.

Average Annual Salary
86,398,400 COP
Average Monthly Salary
7,199,866 COP

Lowest Annual Salary
44,998,200 COP
Lowest Monthly Salary
3,749,850 COP

Highest Annual Salary
131,998,300 COP
Highest Monthly Salary
10,999,858 COP

These are average salaries for a Geothermal Production Manager in Colombia and include benefits such as housing and transport. It's also possible for a Geothermal Production Manager to earn more or less than the average salaries shown above.

Geothermal Production Manager 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 Geothermal Production Manager Salaries in Colombia

So we've looked at the average salaries a Geothermal Production Manager will earn in Colombia. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Geothermal Production Manager can earn between 44,998,200 COP and 131,998,300 COP on average in Colombia. 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 a Geothermal Production Manager in Colombia is 82,921,700 COP. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 82,921,700 COP, and 50% of the population earn more than 82,921,700 COP.

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 Geothermal Production Manager salary in Colombia, 25% of the population are earning less than 57,598,800 COP while 75% of the population earn more than 57,598,800 COP.

75% of the population earn less than 103,318,700 COP, and 25% of the population earn more than 103,318,700 COP.

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.

Geothermal Production Manager Salary by Experience Level in Colombia

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 geothermal production manager 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. A Geothermal Production Manager in Colombia that has less than two years of experience can expect to earn somewhere in the region of 50,998,800 COP.
  • 2 - 5 Years Experience. With two to five years of experience the average Geothermal Production Manager salary would increase to 68,518,700 COP.
  • 5 - 10 Years Experience. From five to ten years of experience as a Geothermal Production Manager, the average salary would be 89,041,300 COP.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 107,761,600 COP.
  • 15 - 20 Years Experience. A Geothermal Production Manager with 15 to 20 years of experience can earn an average of 117,841,300 COP.
  • 20+ Years Experience. For a Geothermal Production Manager with more than 20 years, the expected average salary increases to 123,599,800 COP.

Average Salary by Experience Chart

0-2 Years
50,998,800 COP
2-5 Years +34%
68,518,700 COP
5-10 Years +30%
89,041,300 COP
10-15 Years +21%
107,761,600 COP
15-20 Years +9%
117,841,300 COP
20+ Years +5%
123,599,800 COP

Geothermal Production Manager Salary by Education Level in Colombia

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 a Geothermal Production Manager in Colombia 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. A Geothermal Production Manager in Colombia with a bachelor's degree education can earn an average salary of 71,999,700 COP.

  • Master's Degree. A Geothermal Production Manager in Colombia with a master's degree education can earn an average salary of 99,958,900 COP.

Average Salary by Education Chart

Bachelor's Degree
71,999,700 COP
Master's Degree +39%
99,958,900 COP

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 Colombia is around 23,500,000 to 70,400,000 COP 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.

Geothermal Production Manager 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 Colombia, a male geothermal production manager will earn an average of 91,439,200 COP, while a female geothermal production manager will earn around 83,040,600 COP.

This means that a male geothermal production manager earns approximately 10% more than a female geothermal production manager for performing the same job.

Average Salary by Gender Chart in Colombia

Male
91,439,200 COP
Female -10%
83,040,600 COP

Geothermal Production Manager Average Pay Raise in Colombia

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 a Geothermal Production Manager in Colombia is around 12% every 19 months.

The national average pay raise across all professions and industries in Colombia is around 7% every 19 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 = ( 12 ÷ 19 ) × 12  = 8%

What this means is that a Geothermal Production Manager in Colombia can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Colombia for 2024

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

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%

Geothermal Production Manager Bonus and Incentive Rates in Colombia

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.

A Geothermal Production Manager is a high bonus based job, with 76% of employees reporting at least one bonus in the last 12 months.

24% 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
76%
No Bonus
24%

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 Colombia earn approximately 11% more than private sector employees in the same role.

Public Sector
58,559,300 COP
Private Sector -11%
52,800,100 COP

Salaries for Jobs Similar to a Geothermal Production Manager

In the table below, we have salary information for jobs that are similar to a Geothermal Production Manager in Colombia.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 49,801,000 COP
Associate Analyst Oil / Gas / Energy / Mining 55,201,700 COP
Associate Landman Oil / Gas / Energy / Mining 23,159,200 COP
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 22,081,800 COP
Biomass Plant Technician Oil / Gas / Energy / Mining 26,158,200 COP
Biomass Power Plant Manager Oil / Gas / Energy / Mining 71,039,200 COP
Chemical Plant Operator Oil / Gas / Energy / Mining 43,198,900 COP
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 51,841,000 COP
Completions Engineer Oil / Gas / Energy / Mining 50,281,100 COP
Cost Controller Oil / Gas / Energy / Mining 36,480,500 COP
Cost Engineer Oil / Gas / Energy / Mining 51,598,300 COP
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 57,841,700 COP
Dispatcher Oil / Gas / Energy / Mining 21,841,900 COP
Distribution Manager Oil / Gas / Energy / Mining 69,359,500 COP
Dragline Operator Oil / Gas / Energy / Mining 25,200,800 COP
Driller Offsider Oil / Gas / Energy / Mining 18,598,500 COP
Dump Truck Driver Oil / Gas / Energy / Mining 21,121,400 COP
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 118,198,900 COP
Energy Advisor Oil / Gas / Energy / Mining 75,598,300 COP
Energy Analyst Oil / Gas / Energy / Mining 71,878,800 COP
Energy Auditor Oil / Gas / Energy / Mining 66,359,800 COP
Energy Dispatch Director Oil / Gas / Energy / Mining 84,358,700 COP
Energy Technical Assistant Oil / Gas / Energy / Mining 30,961,800 COP
Energy Technical Manager Oil / Gas / Energy / Mining 63,360,300 COP
Energy Technical Support Manager Oil / Gas / Energy / Mining 65,161,000 COP
Energy Technical Trainer Oil / Gas / Energy / Mining 43,680,700 COP
Engineering Geologist Oil / Gas / Energy / Mining 92,641,100 COP
Exploration Manager Oil / Gas / Energy / Mining 89,760,900 COP
Field Safety Auditor Oil / Gas / Energy / Mining 60,841,800 COP
Fluids Engineer Oil / Gas / Energy / Mining 48,360,600 COP
Fuel Cell Engineer Oil / Gas / Energy / Mining 56,760,200 COP
Fuel Cell Technician Oil / Gas / Energy / Mining 25,679,100 COP
Fuels Handler Oil / Gas / Energy / Mining 25,079,200 COP
Gas Compressor Operator Oil / Gas / Energy / Mining 21,961,700 COP
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 42,719,800 COP
Gas Supply Manager Oil / Gas / Energy / Mining 77,519,100 COP
Geologist Oil / Gas / Energy / Mining 96,118,100 COP
Geophysicist Oil / Gas / Energy / Mining 97,081,600 COP
Geothermal Technician Oil / Gas / Energy / Mining 37,078,800 COP
HSE Engineer Oil / Gas / Energy / Mining 53,158,700 COP
HSE Officer Oil / Gas / Energy / Mining 30,721,900 COP
HSE Supervisor Oil / Gas / Energy / Mining 38,399,900 COP
HSEQ Administrator Oil / Gas / Energy / Mining 35,758,400 COP
Inspector Oil / Gas / Energy / Mining 47,401,700 COP
Instructor Oil / Gas / Energy / Mining 43,321,300 COP
Instrument Designer Oil / Gas / Energy / Mining 41,520,800 COP
Lead Technical Field Advisor Oil / Gas / Energy / Mining 68,158,300 COP
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 46,680,900 COP
Maintenance Engineer Oil / Gas / Energy / Mining 51,238,900 COP
Maintenance Superintendent Oil / Gas / Energy / Mining 46,800,400 COP
Material Controller Oil / Gas / Energy / Mining 34,319,800 COP
Mine Engineer Oil / Gas / Energy / Mining 49,079,800 COP
Mine Surveyor Oil / Gas / Energy / Mining 55,801,900 COP
Mining Project Administrator Oil / Gas / Energy / Mining 44,998,200 COP
Mining Project Assistant Oil / Gas / Energy / Mining 37,318,700 COP
Mining Project Controls Consultant Oil / Gas / Energy / Mining 55,921,200 COP
Mining Project Coordinator Oil / Gas / Energy / Mining 43,559,400 COP
Mining Project Engineer Oil / Gas / Energy / Mining 52,078,500 COP
Mining Project Manager Oil / Gas / Energy / Mining 65,161,000 COP
Mining Site Manager Oil / Gas / Energy / Mining 66,841,000 COP
Mining Team Leader Oil / Gas / Energy / Mining 56,520,500 COP
NDT Technician Oil / Gas / Energy / Mining 32,280,500 COP
Oil Service Unit Operator Oil / Gas / Energy / Mining 27,479,000 COP
Oil Trader Oil / Gas / Energy / Mining 69,599,200 COP
Oilwell Pumper Oil / Gas / Energy / Mining 19,921,600 COP
Petroleum Engineer Oil / Gas / Energy / Mining 58,559,300 COP
Petroleum Geologist Oil / Gas / Energy / Mining 90,599,800 COP
Petroleum Pump System Operator Oil / Gas / Energy / Mining 28,560,900 COP
Petroleum Technician Oil / Gas / Energy / Mining 30,600,900 COP
Pipeline Technician Oil / Gas / Energy / Mining 20,281,100 COP
Power Coordinator Oil / Gas / Energy / Mining 32,879,500 COP
Power Plant Operations Manager Oil / Gas / Energy / Mining 98,281,900 COP
Power Plant Operator Oil / Gas / Energy / Mining 42,119,100 COP
Radio Operator Oil / Gas / Energy / Mining 22,321,900 COP
Reliability Engineer Oil / Gas / Energy / Mining 52,558,300 COP
Reservoir Engineer Oil / Gas / Energy / Mining 49,801,000 COP
Risk Analyst Oil / Gas / Energy / Mining 61,561,100 COP
Roughneck Oil / Gas / Energy / Mining 50,639,500 COP
Scaffolder Oil / Gas / Energy / Mining 32,519,500 COP
Shutdown Engineer Oil / Gas / Energy / Mining 44,878,500 COP
Solar Energy Installation Manager Oil / Gas / Energy / Mining 73,198,300 COP
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 54,000,800 COP
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 32,398,700 COP
Solar Thermal Technician Oil / Gas / Energy / Mining 32,280,500 COP
Supply Operations Manager Oil / Gas / Energy / Mining 87,481,900 COP
Sustainability Specialist Oil / Gas / Energy / Mining 79,679,400 COP
System Development Advisor Oil / Gas / Energy / Mining 61,678,300 COP
Tanker Truck Driver Oil / Gas / Energy / Mining 20,878,800 COP
Utility Operator Oil / Gas / Energy / Mining 28,439,500 COP
Wind Energy Project Manager Oil / Gas / Energy / Mining 68,158,300 COP

Salary Comparison by City

If you want to compare salaries with different cities in Colombia, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Barranquilla 90,479,600 COP
Bello 85,560,900 COP
Bogota 95,040,800 COP
Bucaramanga 91,801,600 COP
Buenaventura 87,118,500 COP
Cartagena 98,161,500 COP
Cucuta 96,240,700 COP
Ibague 90,840,700 COP
Manizales 78,719,700 COP
Medellin 93,239,900 COP
Monteria 82,921,700 COP
Neiva 78,719,700 COP
Pereira 86,398,400 COP
Santa Marta 88,199,100 COP
Soacha 92,641,100 COP
Soledad 96,358,400 COP
Valledupar 86,398,400 COP
Villavicencio 91,801,600 COP

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