Oil Trader Average Salary in Belgium 2024
How much money does a person working as Oil Trader make in Belgium?
LOW
3,690
EUR AVERAGE
7,530
EUR HIGH
11,700
EUR
A person working as Oil Trader in Belgium typically earns around 7,530 EUR. Salaries range from 3,690 EUR (lowest) to 11,700 EUR (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Oil Trader salaries in Belgium vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Oil Trader Pay Scale and Salaries in Belgium
Salary Structure and Pay Scale Comparison
6,980 EUR or more
6,170 to 6,980 EUR
4,380 EUR or less
4,380 to 6,170 EUR
 3,690 EUR |
7,030 EUR |
11,700 EUR |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Oil Trader in Belgium range from 3,690 EUR (starting salary) to 11,700 EUR (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.
Median Salary
With a median salary of 7,030 EUR, half of the professionals who work as Oil Trader in Belgium earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.
Percentiles and Salary Scale
The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Oil Trader in Belgium earn less than 5,740 EUR, while 75% earn more. Similarly, the chart shows that 75% earn less than 8,030 EUR while 25% earn more.
Pay Scale Structure
To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Oil Trader in Belgium compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 4,380 EUR to 6,170 EUR. About 20% of salaries are below the 4,380 EUR mark, while 10% fall within the range of 6,170 EUR to 6,980 EUR. Only 5% of individuals have salaries exceeding 6,980 EUR.
Salary Comparison by Years of Experience / Oil Trader / Belgium
How do experience and age affect pay?
| 0 - 2 Years | 4,380 EUR | |
| 2 - 5 Years | +29% | 5,620 EUR |
| 5 - 10 Years | +38% | 7,760 EUR |
| 10 - 15 Years | +24% | 9,610 EUR |
| 15 - 20 Years | +7% | 10,300 EUR |
| 20+ Years | +7% | 11,000 EUR |
The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Oil Trader and this is what we found.
Employees with less than two years of experience earn approximately 4,380 EUR.
While someone with an experience level between two and five years is expected to earn 5,620 EUR, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 7,760 EUR, 38% more than someone with two to five years of experience.
Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 9,610 EUR, 24% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 10,300 EUR, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 11,000 EUR, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Oil Trader / Belgium
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Oil Trader.
| High School | 5,620 EUR | |
| Certificate or Diploma | +43% | 8,040 EUR |
| Bachelor's Degree | +38% | 11,100 EUR |
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Oil Trader in order to make a comparison.
Level 1: High School
Employees at this education level have an average salary of 5,620 EUR.
Level 2: Certificate or Diploma
At this level, the average salary becomes 8,040 EUR, 43% more than the previous level.
Level 3: Bachelor's Degree
At this level, the average salary becomes 11,100 EUR, 38% more than the previous level.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender / Oil Trader / Belgium
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Oil Trader in Belgium, the average difference between the salary of male and female employees is 6%.
| Male | 7,720 EUR | |
| Female | -5% | 7,310 EUR |
Salary Comparison By Gender in Belgium for all Careers
Average Annual Salary Increment Percentage / Oil Trader / Belgium
How much are annual salary increments in Belgium for individuals working as Oil Trader? How often do employees get salary raises?
Individuals working as Oil Trader in Belgium are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 17 months.
Belgium / All Professions
The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare that people get their salaries reviewed exactly on the one-year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
How to calculate the salary increment percentage?
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 / Increase Frequency
Worldwide Salary Raises: All Countries and All Jobs
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Bonus and Incentive Rates / Oil Trader / Belgium
How much and how often are bonuses being awarded?
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67% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 33% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 0% to 4% of their annual salary.
| Received Bonus | 33% | |
| No Bonus | 67% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.
Goal-Based BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese types of bonuses are given without a reason and usually resemble an appreciation token.
Bonuses Are Not Commissions!
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
What makes a position worthy of good bonuses and a high salary?
The main two types of jobs | |
| Revenue Generators | Supporting Cast |
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business. | Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations. |
Example: | Example: |
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Bonus Comparison by Seniority Level
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Average Hourly Wage / Oil Trader / Belgium
43 EUR per hourThe average hourly wage (pay per hour) for individuals working as Oil Trader in Belgium is 43 EUR.This is the rate they get paid for every worked hour.
About The Hourly Pay Rate
The hourly wage is the salary paid in one worked hour. Usually, jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fixed amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for people working as Oil Trader in Belgium is 21 EUR. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Oil / Gas / Energy / Mining |  -100% | |
| Assistant Yard Manager | 5,380 EUR | -29% |
| Associate Analyst | 6,000 EUR | -20% |
| Associate Landman | 2,780 EUR | -63% |
| Auxiliary Equipment Operator | 2,660 EUR | -65% |
| Biomass Plant Technician | 3,230 EUR | -57% |
| Biomass Power Plant Manager | 7,730 EUR |  +3% |
| Carbon Capture and Storage Specialist | 6,130 EUR | -19% |
| Chemical Plant Operator | 4,850 EUR | -36% |
| Chief Contract Compliance Engineer | 5,760 EUR | -24% |
| Chief Renewable Energy Officer | 10,200 EUR | +35% |
| Chief Sustainability Officer | 9,810 EUR | +30% |
| Completions Engineer | 5,660 EUR | -25% |
| Cost Controller | 4,210 EUR | -44% |
| Cost Engineer | 5,640 EUR | -25% |
| Crude Oil Marketing Representative | 6,070 EUR | -19% |
| Deep-sea Mining Engineer | 6,700 EUR | -11% |
| Dispatcher | 2,850 EUR | -62% |
| Distribution Manager | 7,850 EUR | +4% |
| Dragline Operator | 2,880 EUR | -62% |
| Driller Offsider | 2,420 EUR | -68% |
| Dump Truck Driver | 2,460 EUR | -67% |
| Electric and Gas Operations Manager | 12,900 EUR | +71% |
| Energy Advisor | 8,250 EUR | +10% |
| Energy Analyst | 8,160 EUR | +8% |
| Energy Auditor | 7,390 EUR | -2% |
| Energy Dispatch Director | 10,000 EUR | +33% |
| Energy Efficiency Auditor | 6,190 EUR | -18% |
| Energy Efficiency Consultant | 7,320 EUR | -3% |
| Energy Modeler | 5,500 EUR | -27% |
| Energy Policy Analyst | 5,790 EUR | -23% |
| Energy Storage Engineer | 6,090 EUR | -19% |
| Energy Technical Assistant | 3,600 EUR | -52% |
| Energy Technical Manager | 6,720 EUR | -11% |
| Energy Technical Support Manager | 7,050 EUR | -6% |
| Energy Technical Trainer | 5,220 EUR | -31% |
| Engineering Geologist | 9,930 EUR | +32% |
| Exploration Manager | 9,390 EUR | +25% |
| Field Safety Auditor | 6,640 EUR | -12% |
| Fluids Engineer | 5,610 EUR | -26% |
| Fuel Cell Engineer | 6,260 EUR | -17% |
| Fuel Cell Technician | 3,300 EUR | -56% |
| Fuels Handler | 2,890 EUR | -62% |
| Gas Compressor Operator | 2,730 EUR | -64% |
| Gas Distribution Plant Operator | 4,770 EUR | -37% |
| Gas Supply Manager | 8,580 EUR | +14% |
| Geologist | 10,300 EUR | +37% |
| Geophysicist | 10,000 EUR | +33% |
| Geothermal Engineer | 6,400 EUR | -15% |
| Geothermal Production Manager | 10,000 EUR | +33% |
| Geothermal Technician | 4,050 EUR | -46% |
| HSE Engineer | 5,620 EUR | -25% |
| HSE Officer | 3,670 EUR | -51% |
| HSE Supervisor | 4,590 EUR | -39% |
| HSEQ Administrator | 4,060 EUR | -46% |
| Hydrogen Fuel Cell Engineer | 6,710 EUR | -11% |
| Inspector | 5,280 EUR | -30% |
| Instructor | 4,710 EUR | -37% |
| Instrument Designer | 4,810 EUR | -36% |
| Lead Technical Field Advisor | 7,460 EUR | -1% |
| Lithium Ion Battery Engineer | 5,360 EUR | -29% |
| Logistics and Tool Coordinator | 4,910 EUR | -35% |
| Maintenance Engineer | 5,990 EUR | -20% |
| Maintenance Superintendent | 5,350 EUR | -29% |
| Material Controller | 4,100 EUR | -46% |
| Methane Detection and Mitigation Specialist | 5,380 EUR | -29% |
| Mine Engineer | 5,860 EUR | -22% |
| Mine Surveyor | 6,430 EUR | -15% |
| Mining Project Administrator | 5,250 EUR | -30% |
| Mining Project Assistant | 4,120 EUR | -45% |
| Mining Project Controls Consultant | 6,380 EUR | -15% |
| Mining Project Coordinator | 5,300 EUR | -30% |
| Mining Project Engineer | 5,670 EUR | -25% |
| Mining Project Manager | 7,080 EUR | -6% |
| Mining Site Manager | 7,300 EUR | -3% |
| Mining Team Leader | 6,430 EUR | -15% |
| Natural Gas Engineer | 5,970 EUR | -21% |
| NDT Technician | 3,800 EUR | -50% |
| Net Zero Energy Consultant | 7,730 EUR | +3% |
| Oil Service Unit Operator | 3,220 EUR | -57% |
| Oil Trader | 7,530 EUR | -0% |
| Oilwell Pumper | 2,380 EUR | -68% |
| Petroleum Engineer | 6,310 EUR | -16% |
| Petroleum Geologist | 9,900 EUR | +31% |
| Petroleum Pump System Operator | 3,480 EUR | -54% |
| Petroleum Technician | 3,700 EUR | -51% |
| Photovoltaic Engineer | 6,430 EUR | -15% |
| Pipeline Technician | 2,520 EUR | -67% |
| Power Coordinator | 3,740 EUR | -50% |
| Power Plant Operations Manager | 11,200 EUR | +49% |
| Power Plant Operator | 4,970 EUR | -34% |
| Radio Operator | 2,690 EUR | -64% |
| Reliability Engineer | 5,980 EUR | -21% |
| Renewable Energy Consultant | 8,410 EUR | +12% |
| Renewable Energy Engineer | 6,580 EUR | -13% |
| Renewable Energy Policy Analyst | 6,900 EUR | -8% |
| Reservoir Engineer | 5,290 EUR | -30% |
| Risk Analyst | 7,090 EUR | -6% |
| Roughneck | 5,890 EUR | -22% |
| Scaffolder | 4,050 EUR | -46% |
| Shutdown Engineer | 4,740 EUR | -37% |
| Smart Grid Analyst | 6,380 EUR | -15% |
| Smart Grid Engineer | 6,600 EUR | -12% |
| Solar Energy Installation Manager | 8,050 EUR | +7% |
| Solar Energy Systems Engineer | 5,920 EUR | -21% |
| Solar Photovoltaic Installer | 3,990 EUR | -47% |
| Solar Thermal Technician | 3,890 EUR | -48% |
| Supply Operations Manager | 8,860 EUR | +18% |
| Sustainability Analyst | 6,950 EUR | -8% |
| Sustainability Architect | 7,340 EUR | -3% |
| Sustainability Specialist | 9,240 EUR | +23% |
| Sustainable Energy Consultant | 7,920 EUR | +5% |
| System Development Advisor | 6,620 EUR | -12% |
| Tanker Truck Driver | 2,610 EUR | -65% |
| Unconventional Oil and Gas Engineer | 6,360 EUR | -16% |
| Utility Operator | 3,400 EUR | -55% |
| Waste-to-Energy Specialist | 7,720 EUR | +3% |
| Wind Energy Project Manager | 8,060 EUR | +7% |
| Wind Farm Technician | 4,240 EUR | -44% |
| Wind Turbine Technician | 4,950 EUR | -34% |
Government vs Private Sector Salary Comparison
Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Belgium is 5% on average across all career fields.
| Private Sector | 6,020 EUR | |
| Public Sector | +5% | 6,340 EUR |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Oil Trader in Belgium?
A good and competitive compensation would range anywhere between 7,030 EUR and 8,030 EUR. This is a very rough estimate. Experience and education play a very huge part in the final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.
Base / Basic Salary
The base salary for a careers like Oil Trader in Belgium ranges from 3,690 EUR to 5,740 EUR. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.
What is the difference between the median and the average salary?
Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
