South America as a region is rich in mineral wealth, boasting one of the world’s largest copper, iron, bauxite and nickel deposits. According to a report released in December 2011 by the National Society of Mining, Petroleum and Energy in Peru, the South American region makes a substantial contribution to the global production of these minerals. There are reports that over the past decade, mining investment in Latin America has more than doubled, even after experiencing a sharp drop in 2009.
According to a report in Miningweekly.com, Latin America remains the world’s leading region for mine exploration, attracting 25% of global expenditure in 2011.
I have had numerous requests in the past months to provide some information on what Geologists in South America are earning, as there seems to be very little information available.
According to the preliminary results of our Salary Survey, Geologists based in Mexico and Peru appear to be earning pretty comparative salaries to what they can expect to earn in Canada or the USA, with Chile not far behind. When comparing to Australia, they are significantly less, but then we have established that salaries across board in Australia are much higher, even when comparing to Canada and the USA. What was interesting is that Brazil seems to be lagging behind quite significantly in terms of what Geologists earn in the region. I am not sure as to why this would be? If anybody has any input it would be greatly appreciated.
So what are Geologists in these regions earning?
It was interesting to note the difference in what Geologists with 1 – 5 years’ experience will earn, depending on where in South America they work. Salaries in Mexico, particularly when looking at the median and 75%ile, are pretty comparative to what a Geologist can expect to earn in the USA or Canada. In Chile they were slightly lower but not too bad, however in Brazil there appears to be a dramatic drop in terms of what Geologists are earning, particularly on the median and 75%ile. From these results it appears that Geologists in Brazil are earning almost half of what their counterparts in other South America regions would be earning.
When looking at the results of the more senior Geologists ie those with 6 – 10 years’ experience, in Peru they are earning very competitive salaries to those in Canada or the USA, in Chile slightly less, but still relatively competitive.