Average Petroleum Engineer Salary in Mongolia for 2024

In this article, we will look at the average Petroleum Engineer salary for 2024 in Mongolia 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 Mongolian tögrög. To keep things simple, we are using the MNT currency code instead of the currency symbol ₮.

How Much Does a Petroleum Engineer Make in Mongolia?

A Petroleum Engineer working in Mongolia will typically earn around 23,159,200 MNT per year, and this can range from the lowest average salary of about 11,149,200 MNT to the highest average salary of 36,480,500 MNT.

Average Annual Salary
23,159,200 MNT
Average Monthly Salary
1,929,933 MNT

Lowest Annual Salary
11,149,200 MNT
Lowest Monthly Salary
929,100 MNT

Highest Annual Salary
36,480,500 MNT
Highest Monthly Salary
3,040,041 MNT

These are average salaries for a Petroleum Engineer in Mongolia 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 Mongolia

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

Salary ranges

We already know that a Petroleum Engineer can earn between 11,149,200 MNT and 36,480,500 MNT on average in Mongolia. 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 Mongolia is 24,119,700 MNT. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 24,119,700 MNT, and 50% of the population earn more than 24,119,700 MNT.

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 Mongolia, 25% of the population are earning less than 15,838,200 MNT while 75% of the population earn more than 15,838,200 MNT.

75% of the population earn less than 31,559,900 MNT, and 25% of the population earn more than 31,559,900 MNT.

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 Mongolia

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 Mongolia that has less than two years of experience can expect to earn somewhere in the region of 13,079,500 MNT.
  • 2 - 5 Years Experience. With two to five years of experience the average Petroleum Engineer salary would increase to 18,479,600 MNT.
  • 5 - 10 Years Experience. From five to ten years of experience as a Petroleum Engineer , the average salary would be 24,359,000 MNT.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 29,881,100 MNT.
  • 15 - 20 Years Experience. A Petroleum Engineer with 15 to 20 years of experience can earn an average of 31,800,300 MNT.
  • 20+ Years Experience. For a Petroleum Engineer with more than 20 years, the expected average salary increases to 34,799,800 MNT.

Average Salary by Experience Chart

0-2 Years
13,079,500 MNT
2-5 Years +42%
18,479,600 MNT
5-10 Years +31%
24,359,000 MNT
10-15 Years +23%
29,881,100 MNT
15-20 Years +6%
31,800,300 MNT
20+ Years +10%
34,799,800 MNT

Petroleum Engineer Salary by Education Level in Mongolia

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 Mongolia 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 Mongolia with a bachelor's degree education can earn an average salary of 20,518,900 MNT.

  • Master's Degree. A Petroleum Engineer in Mongolia with a master's degree education can earn an average salary of 29,399,100 MNT.

Average Salary by Education Chart

Bachelor's Degree
20,518,900 MNT
Master's Degree +43%
29,399,100 MNT

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 Mongolia is around 9,750,000 to 29,300,000 MNT 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 Mongolia, a male petroleum engineer will earn an average of 24,000,900 MNT, while a female petroleum engineer will earn around 22,681,800 MNT.

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 Mongolia

Male
24,000,900 MNT
Female -6%
22,681,800 MNT

Petroleum Engineer Average Pay Raise in Mongolia

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 Mongolia is around 8% every 28 months.

The national average pay raise across all professions and industries in Mongolia is around 4% every 29 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 = ( 8 ÷ 28 ) × 12  = 3%

What this means is that a Petroleum Engineer in Mongolia can expect to receive an average pay raise of around 3% every 12 months.

Annual Pay Raise by Industry in Mongolia for 2024

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

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 Mongolia

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 low bonus based job, with 39% of employees reporting at least one bonus in the last 12 months.

61% 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
39%
No Bonus
61%

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

Public Sector
25,561,400 MNT
Private Sector -18%
21,719,900 MNT

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 Mongolia.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 20,999,200 MNT
Associate Analyst Oil / Gas / Energy / Mining 22,558,900 MNT
Associate Landman Oil / Gas / Energy / Mining 9,478,900 MNT
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 8,604,800 MNT
Biomass Plant Technician Oil / Gas / Energy / Mining 10,357,200 MNT
Biomass Power Plant Manager Oil / Gas / Energy / Mining 30,961,800 MNT
Chemical Plant Operator Oil / Gas / Energy / Mining 18,121,700 MNT
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 22,799,000 MNT
Completions Engineer Oil / Gas / Energy / Mining 20,400,600 MNT
Cost Controller Oil / Gas / Energy / Mining 16,320,700 MNT
Cost Engineer Oil / Gas / Energy / Mining 20,760,500 MNT
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 22,441,700 MNT
Dispatcher Oil / Gas / Energy / Mining 8,845,500 MNT
Distribution Manager Oil / Gas / Energy / Mining 28,919,800 MNT
Dragline Operator Oil / Gas / Energy / Mining 10,643,500 MNT
Driller Offsider Oil / Gas / Energy / Mining 8,062,900 MNT
Dump Truck Driver Oil / Gas / Energy / Mining 8,521,700 MNT
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 51,361,500 MNT
Energy Advisor Oil / Gas / Energy / Mining 34,078,800 MNT
Energy Analyst Oil / Gas / Energy / Mining 30,360,800 MNT
Energy Auditor Oil / Gas / Energy / Mining 27,960,400 MNT
Energy Dispatch Director Oil / Gas / Energy / Mining 36,601,600 MNT
Energy Technical Assistant Oil / Gas / Energy / Mining 13,319,300 MNT
Energy Technical Manager Oil / Gas / Energy / Mining 26,639,300 MNT
Energy Technical Support Manager Oil / Gas / Energy / Mining 26,759,500 MNT
Energy Technical Trainer Oil / Gas / Energy / Mining 17,758,500 MNT
Engineering Geologist Oil / Gas / Energy / Mining 40,079,600 MNT
Exploration Manager Oil / Gas / Energy / Mining 38,760,100 MNT
Field Safety Auditor Oil / Gas / Energy / Mining 25,321,400 MNT
Fluids Engineer Oil / Gas / Energy / Mining 20,038,100 MNT
Fuel Cell Engineer Oil / Gas / Energy / Mining 21,841,900 MNT
Fuel Cell Technician Oil / Gas / Energy / Mining 10,907,900 MNT
Fuels Handler Oil / Gas / Energy / Mining 9,744,400 MNT
Gas Compressor Operator Oil / Gas / Energy / Mining 9,106,400 MNT
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 17,640,500 MNT
Gas Supply Manager Oil / Gas / Energy / Mining 33,240,500 MNT
Geologist Oil / Gas / Energy / Mining 37,078,800 MNT
Geophysicist Oil / Gas / Energy / Mining 39,600,100 MNT
Geothermal Production Manager Oil / Gas / Energy / Mining 37,561,000 MNT
Geothermal Technician Oil / Gas / Energy / Mining 14,519,400 MNT
HSE Engineer Oil / Gas / Energy / Mining 20,878,800 MNT
HSE Officer Oil / Gas / Energy / Mining 13,199,100 MNT
HSE Supervisor Oil / Gas / Energy / Mining 16,320,700 MNT
HSEQ Administrator Oil / Gas / Energy / Mining 15,001,200 MNT
Inspector Oil / Gas / Energy / Mining 20,159,800 MNT
Instructor Oil / Gas / Energy / Mining 17,640,500 MNT
Instrument Designer Oil / Gas / Energy / Mining 17,519,700 MNT
Lead Technical Field Advisor Oil / Gas / Energy / Mining 27,118,300 MNT
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 18,840,100 MNT
Maintenance Engineer Oil / Gas / Energy / Mining 22,198,500 MNT
Maintenance Superintendent Oil / Gas / Energy / Mining 19,799,400 MNT
Material Controller Oil / Gas / Energy / Mining 13,798,900 MNT
Mine Engineer Oil / Gas / Energy / Mining 20,878,800 MNT
Mine Surveyor Oil / Gas / Energy / Mining 23,638,700 MNT
Mining Project Administrator Oil / Gas / Energy / Mining 18,598,500 MNT
Mining Project Assistant Oil / Gas / Energy / Mining 15,238,200 MNT
Mining Project Controls Consultant Oil / Gas / Energy / Mining 22,681,800 MNT
Mining Project Coordinator Oil / Gas / Energy / Mining 19,078,500 MNT
Mining Project Engineer Oil / Gas / Energy / Mining 20,400,600 MNT
Mining Project Manager Oil / Gas / Energy / Mining 27,721,300 MNT
Mining Site Manager Oil / Gas / Energy / Mining 29,161,000 MNT
Mining Team Leader Oil / Gas / Energy / Mining 22,441,700 MNT
NDT Technician Oil / Gas / Energy / Mining 13,079,500 MNT
Oil Service Unit Operator Oil / Gas / Energy / Mining 11,076,200 MNT
Oil Trader Oil / Gas / Energy / Mining 28,919,800 MNT
Oilwell Pumper Oil / Gas / Energy / Mining 8,434,700 MNT
Petroleum Geologist Oil / Gas / Energy / Mining 38,158,300 MNT
Petroleum Pump System Operator Oil / Gas / Energy / Mining 11,470,100 MNT
Petroleum Technician Oil / Gas / Energy / Mining 12,361,500 MNT
Pipeline Technician Oil / Gas / Energy / Mining 8,508,800 MNT
Power Coordinator Oil / Gas / Energy / Mining 12,958,200 MNT
Power Plant Operations Manager Oil / Gas / Energy / Mining 41,040,700 MNT
Power Plant Operator Oil / Gas / Energy / Mining 17,640,500 MNT
Radio Operator Oil / Gas / Energy / Mining 9,142,700 MNT
Reliability Engineer Oil / Gas / Energy / Mining 20,400,600 MNT
Reservoir Engineer Oil / Gas / Energy / Mining 19,321,100 MNT
Risk Analyst Oil / Gas / Energy / Mining 26,639,300 MNT
Roughneck Oil / Gas / Energy / Mining 21,599,000 MNT
Scaffolder Oil / Gas / Energy / Mining 13,919,600 MNT
Shutdown Engineer Oil / Gas / Energy / Mining 18,121,700 MNT
Solar Energy Installation Manager Oil / Gas / Energy / Mining 30,360,800 MNT
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 22,321,900 MNT
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 14,639,900 MNT
Solar Thermal Technician Oil / Gas / Energy / Mining 13,199,100 MNT
Supply Operations Manager Oil / Gas / Energy / Mining 36,121,000 MNT
Sustainability Specialist Oil / Gas / Energy / Mining 34,078,800 MNT
System Development Advisor Oil / Gas / Energy / Mining 24,119,700 MNT
Tanker Truck Driver Oil / Gas / Energy / Mining 8,232,100 MNT
Utility Operator Oil / Gas / Energy / Mining 11,509,500 MNT
Wind Energy Project Manager Oil / Gas / Energy / Mining 30,600,900 MNT

Salary Comparison by City

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

City Average Salary
Ulan Bator 26,399,200 MNT

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Petroleum Engineer Salary in Mongolia for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-petroleum-engineer-salary-in-mongolia/.

  • "Average Petroleum Engineer Salary in Mongolia for 2024". World Salaries, https://worldsalaries.com/average-petroleum-engineer-salary-in-mongolia/. Accessed 28 March, 2024

  • Average Petroleum Engineer Salary in Mongolia for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-petroleum-engineer-salary-in-mongolia/.