Average Oil Trader Salary in Peru for 2024

In this article, we will look at the average Oil Trader salary for 2024 in Peru 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 Peruvian sol. To keep things simple, we are using the PEN currency code instead of the currency symbol S/ .

How Much Does an Oil Trader Make in Peru?

An Oil Trader working in Peru will typically earn around 106,760 PEN per year, and this can range from the lowest average salary of about 53,160 PEN to the highest average salary of 163,800 PEN.

Average Annual Salary
106,760 PEN
Average Monthly Salary
8,896 PEN

Lowest Annual Salary
53,160 PEN
Lowest Monthly Salary
4,430 PEN

Highest Annual Salary
163,800 PEN
Highest Monthly Salary
13,650 PEN

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

Oil Trader 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 Oil Trader Salaries in Peru

So we've looked at the average salaries an Oil Trader will earn in Peru. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Oil Trader can earn between 53,160 PEN and 163,800 PEN on average in Peru. 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 Oil Trader in Peru is 104,620 PEN. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 104,620 PEN, and 50% of the population earn more than 104,620 PEN.

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 Oil Trader salary in Peru, 25% of the population are earning less than 72,120 PEN while 75% of the population earn more than 72,120 PEN.

75% of the population earn less than 130,400 PEN, and 25% of the population earn more than 130,400 PEN.

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.

Oil Trader Salary by Experience Level in Peru

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 oil trader 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 Oil Trader in Peru that has less than two years of experience can expect to earn somewhere in the region of 60,160 PEN.
  • 2 - 5 Years Experience. With two to five years of experience the average Oil Trader salary would increase to 80,580 PEN.
  • 5 - 10 Years Experience. From five to ten years of experience as an Oil Trader, the average salary would be 112,280 PEN.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 136,100 PEN.
  • 15 - 20 Years Experience. An Oil Trader with 15 to 20 years of experience can earn an average of 146,200 PEN.
  • 20+ Years Experience. For an Oil Trader with more than 20 years, the expected average salary increases to 158,700 PEN.

Average Salary by Experience Chart

0-2 Years
60,160 PEN
2-5 Years +31%
80,580 PEN
5-10 Years +40%
112,280 PEN
10-15 Years +20%
136,100 PEN
15-20 Years +9%
146,200 PEN
20+ Years +8%
158,700 PEN

Oil Trader Salary by Education Level in Peru

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 Oil Trader in Peru based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Oil Trader in Peru with a high school education can earn an average salary of 68,320 PEN.

  • Certificate or Diploma. An Oil Trader in Peru with a certificate or diploma education can earn an average salary of 101,120 PEN.

  • Bachelor's Degree. An Oil Trader in Peru with a bachelor's degree education can earn an average salary of 158,700 PEN.

Average Salary by Education Chart

High School
68,320 PEN
Certificate or Diploma +47%
101,120 PEN
Bachelor's Degree +53%
158,700 PEN

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 Peru is around 37,700 to 113,000 PEN 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.

Oil Trader 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 Peru, a male oil trader will earn an average of 112,620 PEN, while a female oil trader will earn around 103,200 PEN.

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

Average Salary by Gender Chart in Peru

Male
112,620 PEN
Female -9%
103,200 PEN

Oil Trader Average Pay Raise in Peru

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 Oil Trader in Peru is around 13% every 16 months.

The national average pay raise across all professions and industries in Peru is around 9% every 17 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 = ( 13 ÷ 16 ) × 12  = 10%

What this means is that an Oil Trader in Peru can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Peru for 2024

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

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

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Oil Trader Bonus and Incentive Rates in Peru

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 Oil Trader is a low bonus based job, with 28% of employees reporting at least one bonus in the last 12 months.

72% 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 1% to 3%.

Received Bonus
28%
No Bonus
72%

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 Peru earn approximately 10% more than private sector employees in the same role.

Public Sector
93,880 PEN
Private Sector -10%
85,700 PEN

Salaries for Jobs Similar to an Oil Trader

In the table below, we have salary information for jobs that are similar to an Oil Trader in Peru.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 77,100 PEN
Associate Analyst Oil / Gas / Energy / Mining 87,060 PEN
Associate Landman Oil / Gas / Energy / Mining 38,260 PEN
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 33,520 PEN
Biomass Plant Technician Oil / Gas / Energy / Mining 39,560 PEN
Biomass Power Plant Manager Oil / Gas / Energy / Mining 109,340 PEN
Chemical Plant Operator Oil / Gas / Energy / Mining 69,240 PEN
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 84,040 PEN
Completions Engineer Oil / Gas / Energy / Mining 79,360 PEN
Cost Controller Oil / Gas / Energy / Mining 58,280 PEN
Cost Engineer Oil / Gas / Energy / Mining 76,440 PEN
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 88,620 PEN
Dispatcher Oil / Gas / Energy / Mining 32,900 PEN
Distribution Manager Oil / Gas / Energy / Mining 110,340 PEN
Dragline Operator Oil / Gas / Energy / Mining 36,020 PEN
Driller Offsider Oil / Gas / Energy / Mining 30,840 PEN
Dump Truck Driver Oil / Gas / Energy / Mining 31,040 PEN
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 185,100 PEN
Energy Advisor Oil / Gas / Energy / Mining 127,700 PEN
Energy Analyst Oil / Gas / Energy / Mining 112,440 PEN
Energy Auditor Oil / Gas / Energy / Mining 95,600 PEN
Energy Dispatch Director Oil / Gas / Energy / Mining 136,200 PEN
Energy Technical Assistant Oil / Gas / Energy / Mining 47,720 PEN
Energy Technical Manager Oil / Gas / Energy / Mining 99,460 PEN
Energy Technical Support Manager Oil / Gas / Energy / Mining 97,300 PEN
Energy Technical Trainer Oil / Gas / Energy / Mining 66,120 PEN
Engineering Geologist Oil / Gas / Energy / Mining 138,800 PEN
Exploration Manager Oil / Gas / Energy / Mining 148,300 PEN
Field Safety Auditor Oil / Gas / Energy / Mining 92,720 PEN
Fluids Engineer Oil / Gas / Energy / Mining 73,820 PEN
Fuel Cell Engineer Oil / Gas / Energy / Mining 81,880 PEN
Fuel Cell Technician Oil / Gas / Energy / Mining 41,560 PEN
Fuels Handler Oil / Gas / Energy / Mining 39,640 PEN
Gas Compressor Operator Oil / Gas / Energy / Mining 36,580 PEN
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 67,020 PEN
Gas Supply Manager Oil / Gas / Energy / Mining 119,700 PEN
Geologist Oil / Gas / Energy / Mining 139,100 PEN
Geophysicist Oil / Gas / Energy / Mining 142,300 PEN
Geothermal Production Manager Oil / Gas / Energy / Mining 130,400 PEN
Geothermal Technician Oil / Gas / Energy / Mining 59,240 PEN
HSE Engineer Oil / Gas / Energy / Mining 83,140 PEN
HSE Officer Oil / Gas / Energy / Mining 48,560 PEN
HSE Supervisor Oil / Gas / Energy / Mining 58,000 PEN
HSEQ Administrator Oil / Gas / Energy / Mining 57,860 PEN
Inspector Oil / Gas / Energy / Mining 72,120 PEN
Instructor Oil / Gas / Energy / Mining 63,480 PEN
Instrument Designer Oil / Gas / Energy / Mining 60,340 PEN
Lead Technical Field Advisor Oil / Gas / Energy / Mining 104,620 PEN
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 70,600 PEN
Maintenance Engineer Oil / Gas / Energy / Mining 82,520 PEN
Maintenance Superintendent Oil / Gas / Energy / Mining 69,040 PEN
Material Controller Oil / Gas / Energy / Mining 54,500 PEN
Mine Engineer Oil / Gas / Energy / Mining 80,580 PEN
Mine Surveyor Oil / Gas / Energy / Mining 89,800 PEN
Mining Project Administrator Oil / Gas / Energy / Mining 68,900 PEN
Mining Project Assistant Oil / Gas / Energy / Mining 56,880 PEN
Mining Project Controls Consultant Oil / Gas / Energy / Mining 91,660 PEN
Mining Project Coordinator Oil / Gas / Energy / Mining 68,900 PEN
Mining Project Engineer Oil / Gas / Energy / Mining 80,840 PEN
Mining Project Manager Oil / Gas / Energy / Mining 99,080 PEN
Mining Site Manager Oil / Gas / Energy / Mining 102,960 PEN
Mining Team Leader Oil / Gas / Energy / Mining 86,740 PEN
NDT Technician Oil / Gas / Energy / Mining 50,240 PEN
Oil Service Unit Operator Oil / Gas / Energy / Mining 42,400 PEN
Oilwell Pumper Oil / Gas / Energy / Mining 30,700 PEN
Petroleum Engineer Oil / Gas / Energy / Mining 87,880 PEN
Petroleum Geologist Oil / Gas / Energy / Mining 138,200 PEN
Petroleum Pump System Operator Oil / Gas / Energy / Mining 45,000 PEN
Petroleum Technician Oil / Gas / Energy / Mining 50,080 PEN
Pipeline Technician Oil / Gas / Energy / Mining 33,120 PEN
Power Coordinator Oil / Gas / Energy / Mining 46,040 PEN
Power Plant Operations Manager Oil / Gas / Energy / Mining 159,100 PEN
Power Plant Operator Oil / Gas / Energy / Mining 64,180 PEN
Radio Operator Oil / Gas / Energy / Mining 35,340 PEN
Reliability Engineer Oil / Gas / Energy / Mining 76,440 PEN
Reservoir Engineer Oil / Gas / Energy / Mining 77,400 PEN
Risk Analyst Oil / Gas / Energy / Mining 100,140 PEN
Roughneck Oil / Gas / Energy / Mining 81,960 PEN
Scaffolder Oil / Gas / Energy / Mining 53,160 PEN
Shutdown Engineer Oil / Gas / Energy / Mining 70,260 PEN
Solar Energy Installation Manager Oil / Gas / Energy / Mining 125,100 PEN
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 85,880 PEN
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 53,120 PEN
Solar Thermal Technician Oil / Gas / Energy / Mining 46,040 PEN
Supply Operations Manager Oil / Gas / Energy / Mining 125,700 PEN
Sustainability Specialist Oil / Gas / Energy / Mining 134,600 PEN
System Development Advisor Oil / Gas / Energy / Mining 95,420 PEN
Tanker Truck Driver Oil / Gas / Energy / Mining 31,380 PEN
Utility Operator Oil / Gas / Energy / Mining 43,340 PEN
Wind Energy Project Manager Oil / Gas / Energy / Mining 111,920 PEN

Salary Comparison by City

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

City Average Salary
Arequipa 110,340 PEN
Chiclayo 102,160 PEN
Cusco 103,600 PEN
Huancayo 103,580 PEN
Iquitos 93,280 PEN
Lima 117,380 PEN
Trujillo 109,340 PEN

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