Average Petroleum Engineer Salary in Hungary for 2024

In this article, we will look at the average Petroleum Engineer salary for 2024 in Hungary 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 Hungarian forint. To keep things simple, we are using the HUF currency code instead of the currency symbol Ft.

How Much Does a Petroleum Engineer Make in Hungary?

A Petroleum Engineer working in Hungary will typically earn around 5,940,300 HUF per year, and this can range from the lowest average salary of about 2,844,200 HUF to the highest average salary of 9,322,700 HUF.

Average Annual Salary
5,940,300 HUF
Average Monthly Salary
495,025 HUF

Lowest Annual Salary
2,844,200 HUF
Lowest Monthly Salary
237,016 HUF

Highest Annual Salary
9,322,700 HUF
Highest Monthly Salary
776,891 HUF

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

Petroleum Engineer 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 Petroleum Engineer Salaries in Hungary

So we've looked at the average salaries a Petroleum Engineer will earn in Hungary. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Petroleum Engineer can earn between 2,844,200 HUF and 9,322,700 HUF on average in Hungary. 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 Petroleum Engineer in Hungary is 6,168,300 HUF. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 6,168,300 HUF, and 50% of the population earn more than 6,168,300 HUF.

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 Petroleum Engineer salary in Hungary, 25% of the population are earning less than 4,056,200 HUF while 75% of the population earn more than 4,056,200 HUF.

75% of the population earn less than 8,051,500 HUF, and 25% of the population earn more than 8,051,500 HUF.

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.

Petroleum Engineer Salary by Experience Level in Hungary

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 petroleum engineer 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 Petroleum Engineer in Hungary that has less than two years of experience can expect to earn somewhere in the region of 3,335,900 HUF.
  • 2 - 5 Years Experience. With two to five years of experience the average Petroleum Engineer salary would increase to 4,726,900 HUF.
  • 5 - 10 Years Experience. From five to ten years of experience as a Petroleum Engineer , the average salary would be 6,216,700 HUF.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 7,633,100 HUF.
  • 15 - 20 Years Experience. A Petroleum Engineer with 15 to 20 years of experience can earn an average of 8,123,400 HUF.
  • 20+ Years Experience. For a Petroleum Engineer with more than 20 years, the expected average salary increases to 8,891,600 HUF.

Average Salary by Experience Chart

0-2 Years
3,335,900 HUF
2-5 Years +42%
4,726,900 HUF
5-10 Years +31%
6,216,700 HUF
10-15 Years +23%
7,633,100 HUF
15-20 Years +6%
8,123,400 HUF
20+ Years +10%
8,891,600 HUF

Petroleum Engineer Salary by Education Level in Hungary

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 Petroleum Engineer in Hungary 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 Petroleum Engineer in Hungary with a bachelor's degree education can earn an average salary of 5,242,700 HUF.

  • Master's Degree. A Petroleum Engineer in Hungary with a master's degree education can earn an average salary of 7,510,300 HUF.

Average Salary by Education Chart

Bachelor's Degree
5,242,700 HUF
Master's Degree +43%
7,510,300 HUF

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 Hungary is around 2,470,000 to 7,400,000 HUF 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.

Petroleum Engineer 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 Hungary, a male petroleum engineer will earn an average of 6,142,600 HUF, while a female petroleum engineer will earn around 5,794,900 HUF.

This means that a male petroleum engineer earns approximately 6% more than a female petroleum engineer for performing the same job.

Average Salary by Gender Chart in Hungary

Male
6,142,600 HUF
Female -6%
5,794,900 HUF

Petroleum Engineer Average Pay Raise in Hungary

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 Petroleum Engineer in Hungary is around 13% every 16 months.

The national average pay raise across all professions and industries in Hungary 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 a Petroleum Engineer in Hungary can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in Hungary for 2024

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

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%

Petroleum Engineer Bonus and Incentive Rates in Hungary

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 Petroleum Engineer is a moderate bonus based job, with 55% of employees reporting at least one bonus in the last 12 months.

45% 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 6%.

Received Bonus
55%
No Bonus
45%

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 Hungary earn approximately 9% more than private sector employees in the same role.

Public Sector
6,193,900 HUF
Private Sector -9%
5,686,100 HUF

Salaries for Jobs Similar to a Petroleum Engineer

In the table below, we have salary information for jobs that are similar to a Petroleum Engineer in Hungary.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 4,726,900 HUF
Associate Analyst Oil / Gas / Energy / Mining 5,818,100 HUF
Associate Landman Oil / Gas / Energy / Mining 2,447,200 HUF
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 2,136,200 HUF
Biomass Plant Technician Oil / Gas / Energy / Mining 2,460,900 HUF
Biomass Power Plant Manager Oil / Gas / Energy / Mining 7,020,500 HUF
Chemical Plant Operator Oil / Gas / Energy / Mining 4,211,600 HUF
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 5,518,700 HUF
Completions Engineer Oil / Gas / Energy / Mining 5,063,200 HUF
Cost Controller Oil / Gas / Energy / Mining 3,863,700 HUF
Cost Engineer Oil / Gas / Energy / Mining 5,197,600 HUF
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 5,605,200 HUF
Dispatcher Oil / Gas / Energy / Mining 2,146,100 HUF
Distribution Manager Oil / Gas / Energy / Mining 7,129,200 HUF
Dragline Operator Oil / Gas / Energy / Mining 2,447,200 HUF
Driller Offsider Oil / Gas / Energy / Mining 1,882,700 HUF
Dump Truck Driver Oil / Gas / Energy / Mining 1,980,600 HUF
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 11,998,600 HUF
Energy Advisor Oil / Gas / Energy / Mining 7,801,800 HUF
Energy Analyst Oil / Gas / Energy / Mining 7,356,900 HUF
Energy Auditor Oil / Gas / Energy / Mining 6,469,100 HUF
Energy Dispatch Director Oil / Gas / Energy / Mining 9,025,900 HUF
Energy Technical Assistant Oil / Gas / Energy / Mining 3,071,100 HUF
Energy Technical Manager Oil / Gas / Energy / Mining 6,011,900 HUF
Energy Technical Support Manager Oil / Gas / Energy / Mining 6,552,400 HUF
Energy Technical Trainer Oil / Gas / Energy / Mining 4,618,200 HUF
Engineering Geologist Oil / Gas / Energy / Mining 9,409,200 HUF
Exploration Manager Oil / Gas / Energy / Mining 9,133,400 HUF
Field Safety Auditor Oil / Gas / Energy / Mining 6,084,900 HUF
Fluids Engineer Oil / Gas / Energy / Mining 4,956,800 HUF
Fuel Cell Engineer Oil / Gas / Energy / Mining 5,518,700 HUF
Fuel Cell Technician Oil / Gas / Energy / Mining 2,629,100 HUF
Fuels Handler Oil / Gas / Energy / Mining 2,423,000 HUF
Gas Compressor Operator Oil / Gas / Energy / Mining 2,254,400 HUF
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 4,176,700 HUF
Gas Supply Manager Oil / Gas / Energy / Mining 7,907,600 HUF
Geologist Oil / Gas / Energy / Mining 9,335,200 HUF
Geophysicist Oil / Gas / Energy / Mining 9,769,700 HUF
Geothermal Production Manager Oil / Gas / Energy / Mining 8,554,100 HUF
Geothermal Technician Oil / Gas / Energy / Mining 3,490,200 HUF
HSE Engineer Oil / Gas / Energy / Mining 5,017,100 HUF
HSE Officer Oil / Gas / Energy / Mining 3,047,800 HUF
HSE Supervisor Oil / Gas / Energy / Mining 3,622,400 HUF
HSEQ Administrator Oil / Gas / Energy / Mining 3,659,400 HUF
Inspector Oil / Gas / Energy / Mining 4,834,900 HUF
Instructor Oil / Gas / Energy / Mining 4,355,800 HUF
Instrument Designer Oil / Gas / Energy / Mining 4,043,600 HUF
Lead Technical Field Advisor Oil / Gas / Energy / Mining 6,901,600 HUF
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 4,369,800 HUF
Maintenance Engineer Oil / Gas / Energy / Mining 5,088,900 HUF
Maintenance Superintendent Oil / Gas / Energy / Mining 4,429,300 HUF
Material Controller Oil / Gas / Energy / Mining 3,385,800 HUF
Mine Engineer Oil / Gas / Energy / Mining 5,017,100 HUF
Mine Surveyor Oil / Gas / Energy / Mining 5,698,400 HUF
Mining Project Administrator Oil / Gas / Energy / Mining 4,739,800 HUF
Mining Project Assistant Oil / Gas / Energy / Mining 3,745,100 HUF
Mining Project Controls Consultant Oil / Gas / Energy / Mining 5,914,900 HUF
Mining Project Coordinator Oil / Gas / Energy / Mining 4,642,200 HUF
Mining Project Engineer Oil / Gas / Energy / Mining 5,053,200 HUF
Mining Project Manager Oil / Gas / Energy / Mining 6,648,800 HUF
Mining Site Manager Oil / Gas / Energy / Mining 6,613,100 HUF
Mining Team Leader Oil / Gas / Energy / Mining 5,315,900 HUF
NDT Technician Oil / Gas / Energy / Mining 3,253,900 HUF
Oil Service Unit Operator Oil / Gas / Energy / Mining 2,773,700 HUF
Oil Trader Oil / Gas / Energy / Mining 6,971,100 HUF
Oilwell Pumper Oil / Gas / Energy / Mining 1,942,700 HUF
Petroleum Geologist Oil / Gas / Energy / Mining 9,276,800 HUF
Petroleum Pump System Operator Oil / Gas / Energy / Mining 2,807,200 HUF
Petroleum Technician Oil / Gas / Energy / Mining 3,013,500 HUF
Pipeline Technician Oil / Gas / Energy / Mining 1,980,600 HUF
Power Coordinator Oil / Gas / Energy / Mining 3,094,100 HUF
Power Plant Operations Manager Oil / Gas / Energy / Mining 10,080,900 HUF
Power Plant Operator Oil / Gas / Energy / Mining 3,996,300 HUF
Radio Operator Oil / Gas / Energy / Mining 2,362,300 HUF
Reliability Engineer Oil / Gas / Energy / Mining 5,099,700 HUF
Reservoir Engineer Oil / Gas / Energy / Mining 4,822,700 HUF
Risk Analyst Oil / Gas / Energy / Mining 6,096,900 HUF
Roughneck Oil / Gas / Energy / Mining 5,038,200 HUF
Scaffolder Oil / Gas / Energy / Mining 3,229,900 HUF
Shutdown Engineer Oil / Gas / Energy / Mining 4,211,600 HUF
Solar Energy Installation Manager Oil / Gas / Energy / Mining 7,523,300 HUF
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 5,292,500 HUF
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 3,335,900 HUF
Solar Thermal Technician Oil / Gas / Energy / Mining 3,156,400 HUF
Supply Operations Manager Oil / Gas / Energy / Mining 8,771,100 HUF
Sustainability Specialist Oil / Gas / Energy / Mining 7,919,400 HUF
System Development Advisor Oil / Gas / Energy / Mining 5,975,000 HUF
Tanker Truck Driver Oil / Gas / Energy / Mining 1,955,300 HUF
Utility Operator Oil / Gas / Energy / Mining 2,868,600 HUF
Wind Energy Project Manager Oil / Gas / Energy / Mining 7,045,600 HUF

Salary Comparison by City

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

City Average Salary
Budapest 6,109,700 HUF
Debrecen 6,096,900 HUF

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