Average Petroleum Geologist Salary in Marshall Islands for 2024

In this article, we will look at the average Petroleum Geologist salary for 2024 in Marshall Islands 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 United States dollar. To keep things simple, we are using the USD currency code instead of the currency symbol $.

How Much Does a Petroleum Geologist Make in Marshall Islands?

A Petroleum Geologist working in Marshall Islands will typically earn around 48,340 USD per year, and this can range from the lowest average salary of about 25,220 USD to the highest average salary of 69,240 USD.

Average Annual Salary
48,340 USD
Average Monthly Salary
4,028 USD

Lowest Annual Salary
25,220 USD
Lowest Monthly Salary
2,101 USD

Highest Annual Salary
69,240 USD
Highest Monthly Salary
5,770 USD

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

Petroleum 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 Petroleum Geologist Salaries in Marshall Islands

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

Salary ranges

We already know that a Petroleum Geologist can earn between 25,220 USD and 69,240 USD on average in Marshall Islands. 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 Geologist in Marshall Islands is 44,540 USD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 44,540 USD, and 50% of the population earn more than 44,540 USD.

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 Geologist salary in Marshall Islands, 25% of the population are earning less than 29,160 USD while 75% of the population earn more than 29,160 USD.

75% of the population earn less than 57,360 USD, and 25% of the population earn more than 57,360 USD.

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 Geologist Salary by Experience Level in Marshall Islands

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 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. A Petroleum Geologist in Marshall Islands that has less than two years of experience can expect to earn somewhere in the region of 28,180 USD.
  • 2 - 5 Years Experience. With two to five years of experience the average Petroleum Geologist salary would increase to 38,140 USD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Petroleum Geologist, the average salary would be 47,580 USD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 57,360 USD.
  • 15 - 20 Years Experience. A Petroleum Geologist with 15 to 20 years of experience can earn an average of 61,760 USD.
  • 20+ Years Experience. For a Petroleum Geologist with more than 20 years, the expected average salary increases to 66,100 USD.

Average Salary by Experience Chart

0-2 Years
28,180 USD
2-5 Years +34%
38,140 USD
5-10 Years +30%
47,580 USD
10-15 Years +21%
57,360 USD
15-20 Years +9%
61,760 USD
20+ Years +5%
66,100 USD

Petroleum Geologist Salary by Education Level in Marshall Islands

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 Geologist in Marshall Islands 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 Geologist in Marshall Islands with a bachelor's degree education can earn an average salary of 37,200 USD.

  • Master's Degree. A Petroleum Geologist in Marshall Islands with a master's degree education can earn an average salary of 43,520 USD.

  • PhD. A Petroleum Geologist in Marshall Islands with a phd education can earn an average salary of 71,700 USD.

Average Salary by Education Chart

Bachelor's Degree
37,200 USD
Master's Degree +24%
43,520 USD
PhD +60%
71,700 USD

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 Marshall Islands is around 11,300 to 33,800 USD 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 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 Marshall Islands, a male petroleum geologist will earn an average of 48,940 USD, while a female petroleum geologist will earn around 44,720 USD.

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

Average Salary by Gender Chart in Marshall Islands

Male
48,940 USD
Female -9%
44,720 USD

Petroleum Geologist Average Pay Raise in Marshall Islands

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 Geologist in Marshall Islands is around 10% every 28 months.

The national average pay raise across all professions and industries in Marshall Islands 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 a Petroleum Geologist in Marshall Islands can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Marshall Islands for 2024

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

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 Geologist Bonus and Incentive Rates in Marshall Islands

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 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 Marshall Islands earn approximately 24% more than private sector employees in the same role.

Public Sector
29,320 USD
Private Sector -24%
23,700 USD

Salaries for Jobs Similar to a Petroleum Geologist

In the table below, we have salary information for jobs that are similar to a Petroleum Geologist in Marshall Islands.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 23,660 USD
Associate Analyst Oil / Gas / Energy / Mining 29,540 USD
Associate Landman Oil / Gas / Energy / Mining 9,940 USD
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 9,960 USD
Biomass Plant Technician Oil / Gas / Energy / Mining 13,540 USD
Biomass Power Plant Manager Oil / Gas / Energy / Mining 33,520 USD
Chemical Plant Operator Oil / Gas / Energy / Mining 20,500 USD
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 25,680 USD
Completions Engineer Oil / Gas / Energy / Mining 23,260 USD
Cost Controller Oil / Gas / Energy / Mining 20,300 USD
Cost Engineer Oil / Gas / Energy / Mining 24,820 USD
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 24,720 USD
Dispatcher Oil / Gas / Energy / Mining 12,020 USD
Distribution Manager Oil / Gas / Energy / Mining 35,000 USD
Dragline Operator Oil / Gas / Energy / Mining 12,180 USD
Driller Offsider Oil / Gas / Energy / Mining 7,240 USD
Dump Truck Driver Oil / Gas / Energy / Mining 9,140 USD
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 56,060 USD
Energy Advisor Oil / Gas / Energy / Mining 40,140 USD
Energy Analyst Oil / Gas / Energy / Mining 34,120 USD
Energy Auditor Oil / Gas / Energy / Mining 30,700 USD
Energy Dispatch Director Oil / Gas / Energy / Mining 43,260 USD
Energy Technical Assistant Oil / Gas / Energy / Mining 14,820 USD
Energy Technical Manager Oil / Gas / Energy / Mining 32,020 USD
Energy Technical Support Manager Oil / Gas / Energy / Mining 32,620 USD
Energy Technical Trainer Oil / Gas / Energy / Mining 20,940 USD
Engineering Geologist Oil / Gas / Energy / Mining 42,960 USD
Exploration Manager Oil / Gas / Energy / Mining 46,400 USD
Field Safety Auditor Oil / Gas / Energy / Mining 29,540 USD
Fluids Engineer Oil / Gas / Energy / Mining 25,680 USD
Fuel Cell Engineer Oil / Gas / Energy / Mining 26,660 USD
Fuel Cell Technician Oil / Gas / Energy / Mining 11,040 USD
Fuels Handler Oil / Gas / Energy / Mining 10,080 USD
Gas Compressor Operator Oil / Gas / Energy / Mining 8,880 USD
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 21,020 USD
Gas Supply Manager Oil / Gas / Energy / Mining 36,020 USD
Geologist Oil / Gas / Energy / Mining 47,120 USD
Geophysicist Oil / Gas / Energy / Mining 43,080 USD
Geothermal Production Manager Oil / Gas / Energy / Mining 44,140 USD
Geothermal Technician Oil / Gas / Energy / Mining 17,760 USD
HSE Engineer Oil / Gas / Energy / Mining 27,300 USD
HSE Officer Oil / Gas / Energy / Mining 13,100 USD
HSE Supervisor Oil / Gas / Energy / Mining 19,200 USD
HSEQ Administrator Oil / Gas / Energy / Mining 17,560 USD
Inspector Oil / Gas / Energy / Mining 22,400 USD
Instructor Oil / Gas / Energy / Mining 19,860 USD
Instrument Designer Oil / Gas / Energy / Mining 19,380 USD
Lead Technical Field Advisor Oil / Gas / Energy / Mining 32,620 USD
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 19,940 USD
Maintenance Engineer Oil / Gas / Energy / Mining 25,660 USD
Maintenance Superintendent Oil / Gas / Energy / Mining 21,300 USD
Material Controller Oil / Gas / Energy / Mining 16,720 USD
Mine Engineer Oil / Gas / Energy / Mining 23,500 USD
Mine Surveyor Oil / Gas / Energy / Mining 26,100 USD
Mining Project Administrator Oil / Gas / Energy / Mining 21,400 USD
Mining Project Assistant Oil / Gas / Energy / Mining 15,300 USD
Mining Project Controls Consultant Oil / Gas / Energy / Mining 28,180 USD
Mining Project Coordinator Oil / Gas / Energy / Mining 20,460 USD
Mining Project Engineer Oil / Gas / Energy / Mining 25,940 USD
Mining Project Manager Oil / Gas / Energy / Mining 32,900 USD
Mining Site Manager Oil / Gas / Energy / Mining 30,700 USD
Mining Team Leader Oil / Gas / Energy / Mining 27,620 USD
NDT Technician Oil / Gas / Energy / Mining 14,820 USD
Oil Service Unit Operator Oil / Gas / Energy / Mining 10,980 USD
Oil Trader Oil / Gas / Energy / Mining 33,120 USD
Oilwell Pumper Oil / Gas / Energy / Mining 8,560 USD
Petroleum Engineer Oil / Gas / Energy / Mining 28,660 USD
Petroleum Pump System Operator Oil / Gas / Energy / Mining 12,240 USD
Petroleum Technician Oil / Gas / Energy / Mining 13,100 USD
Pipeline Technician Oil / Gas / Energy / Mining 9,440 USD
Power Coordinator Oil / Gas / Energy / Mining 14,820 USD
Power Plant Operations Manager Oil / Gas / Energy / Mining 50,580 USD
Power Plant Operator Oil / Gas / Energy / Mining 19,060 USD
Radio Operator Oil / Gas / Energy / Mining 10,080 USD
Reliability Engineer Oil / Gas / Energy / Mining 23,080 USD
Reservoir Engineer Oil / Gas / Energy / Mining 22,420 USD
Risk Analyst Oil / Gas / Energy / Mining 33,440 USD
Roughneck Oil / Gas / Energy / Mining 25,680 USD
Scaffolder Oil / Gas / Energy / Mining 17,560 USD
Shutdown Engineer Oil / Gas / Energy / Mining 21,400 USD
Solar Energy Installation Manager Oil / Gas / Energy / Mining 35,340 USD
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 24,720 USD
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 16,720 USD
Solar Thermal Technician Oil / Gas / Energy / Mining 17,020 USD
Supply Operations Manager Oil / Gas / Energy / Mining 39,800 USD
Sustainability Specialist Oil / Gas / Energy / Mining 40,600 USD
System Development Advisor Oil / Gas / Energy / Mining 30,800 USD
Tanker Truck Driver Oil / Gas / Energy / Mining 8,100 USD
Utility Operator Oil / Gas / Energy / Mining 12,000 USD
Wind Energy Project Manager Oil / Gas / Energy / Mining 37,620 USD

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