HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Drilling Engineer Average Salary in Korea (North) 2021

How much money does a Drilling Engineer make in Korea (North)?


Average Monthly Salary
173,000 KPW
( 2,080,000 KPW yearly)

LOW
90,100
KPW
AVERAGE
173,000
KPW
HIGH
265,000
KPW

A person working as a Drilling Engineer in Korea (North) typically earns around 173,000 KPW per month. Salaries range from 90,100 KPW (lowest) to 265,000 KPW (highest).

This is the average monthly salary including housing, transport, and other benefits. Drilling Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Drilling Engineer Salary Distribution in Korea (North)

Median and salary distribution monthly Korea (North) Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/korea-(north)/engineering/drilling-engineer/median-and-salary-distribution-monthly-korea-(north)-drilling-engineer.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Drilling Engineer salaries in Korea (North) range from 90,100 KPW per month (minimum salary) to 265,000 KPW per month (maximum salary).

  • Median Salary

    The median salary is 166,000 KPW per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 166,000 KPW while the other half are earning more than 166,000 KPW. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Drilling Engineer(s) are earning less than 115,000 KPW while 75% of them are earning more than 115,000 KPW. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 207,000 KPW while 25% are earning more than 207,000 KPW.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning 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

Drilling Engineer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Korea (North) Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/korea-(north)/engineering/drilling-engineer/salary-comparison-by-years-of-experience-monthly-korea-(north)-drilling-engineer.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Drilling Engineer salaries by experience level and this is what we found.

A Drilling Engineer with less than two years of experience makes approximately 102,000 KPW per month.

While someone with an experience level between two and five years is expected to earn 137,000 KPW per month, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 178,000 KPW per month, 30% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Drilling Engineer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 216,000 KPW per month, 21% 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 236,000 KPW per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 248,000 KPW per month, 5% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Korea (North)

0 - 2 Years
102,000 KPW
2 - 5 Years+34%
137,000 KPW
5 - 10 Years+30%
178,000 KPW
10 - 15 Years+21%
216,000 KPW
15 - 20 Years+9%
236,000 KPW
20+ Years+5%
248,000 KPW
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Drilling Engineer Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Drilling Engineer(s) who have the same experience but different education levels.

Salary comparison by education level monthly Korea (North) Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/korea-(north)/engineering/drilling-engineer/salary-comparison-by-education-level-monthly-korea-(north)-drilling-engineer.jpg

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 Drilling Engineer salaries by education level in order to make a comparison.

When the education level is Certificate or Diploma, the average salary of a Drilling Engineer is 122,000 KPW per month.

While someone with a Bachelor's Degree gets a salary of 185,000 KPW per month, 52% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 261,000 KPW per month, 42% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Korea (North)

Certificate or Diploma
122,000 KPW
Bachelor's Degree+52%
185,000 KPW
Master's Degree+42%
261,000 KPW
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Korea (North) costs anywhere from 971,000 North Korean Won(s) to 2,910,000 North Korean Won(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg


Drilling Engineer Salary Comparison By Gender

Salary comparison by gender monthly Korea (North) Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/korea-(north)/engineering/drilling-engineer/salary-comparison-by-gender-monthly-korea-(north)-drilling-engineer.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Drilling Engineer employees in Korea (North) earn 11% more than their female counterparts on average.

Male
184,000 KPW
Female-10%
166,000 KPW
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Korea (North) for all Careers

Salary comparison by gender monthly Korea (North)
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/korea-(north)/salary-comparison-by-gender-monthly-korea-(north).jpg

Drilling Engineer Average Annual Salary Increment Percentage in Korea (North)

How much are annual salary increments in Korea (North) for Drilling Engineer(s)? How often do employees get salary raises?

Drilling Engineer

Drilling Engineer(s) in Korea (North) are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Korea (North) Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/korea-(north)/engineering/drilling-engineer/annual-salary-increment-rate-korea-(north)-drilling-engineer.jpg


The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Korea (North) / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely 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

The average salary increase in one year (12 months) in Korea (North) is 2%.

Annual Increment Rate By Industry 2020

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Korea (North) for the year 2020. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.


Worldwide Salary Raises: All Countries and All Jobs

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Drilling Engineer Bonus and Incentive Rates in Korea (North)

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Korea (North) Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/korea-(north)/engineering/drilling-engineer/annual-salary-bonus-rate-korea-(north)-drilling-engineer.jpg

A Drilling Engineer is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

90% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 10% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
10%
No Bonus
90%

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, 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 Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These 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 GeneratorsSupporting 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:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

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.

Drilling Engineer Average Hourly Wage in Korea (North)


999 KPW per hour

The average hourly wage (pay per hour) in Korea (North) is 999 KPW. This means that the average Drilling Engineer in Korea (North) earns approximately 999 KPW for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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 fix 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.

Drilling Engineer VS Other Jobs

Salary Comparison Between Drilling Engineer and Engineering monthly Korea (North)
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/korea-(north)/engineering/drilling-engineer/salary-comparison-between-drilling-engineer-and-engineering-monthly-korea-(north).jpg

The average salary for Drilling Engineer is 6% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Acoustics Engineer172,000 KPW-1%
Assembly Engineering Technician142,000 KPW-18%
Assistant Chief Engineer188,000 KPW+9%
Associate Engineer161,000 KPW-7%
Autocad Operator115,000 KPW-34%
Automation Engineer197,000 KPW+14%
Avionic System Support Engineer169,000 KPW-2%
Biochemical Engineer157,000 KPW-9%
BMS Engineer166,000 KPW-4%
Bridge and Lock Tender93,500 KPW-46%
Broadcast Engineer169,000 KPW-2%
CAD Design Engineer179,000 KPW+3%
CAD Designer110,000 KPW-36%
CAE Engineer182,000 KPW+5%
Ceramics Engineer156,000 KPW-10%
Civil Engineer179,000 KPW+3%
Commissioning Engineer165,000 KPW-5%
Communications Engineer189,000 KPW+9%
Condition Monitoring Engineer146,000 KPW-16%
Contract Associate Engineer160,000 KPW-8%
Control Systems Engineer173,000 KPW-0%
Controls Engineer173,000 KPW-0%
Controls Software Engineer157,000 KPW-9%
Corrosion Engineer168,000 KPW-3%
Design Engineer180,000 KPW+4%
Drafter107,000 KPW-38%
Drafting Manager198,000 KPW+14%
Drilling Engineer173,000 KPW-0%
Electrical Draughtsman91,800 KPW-47%
Electrical Engineer198,000 KPW+14%
Electrical Engineering Manager263,000 KPW+52%
Electromechanical Engineering Technologist187,000 KPW+8%
Electromechanical Equipment Assembler92,300 KPW-47%
Energy Engineer182,000 KPW+5%
Engine Assembler76,500 KPW-56%
Engineer196,000 KPW+13%
Engineering Account Manager198,000 KPW+14%
Engineering Chief Designer197,000 KPW+14%
Engineering Consultant237,000 KPW+37%
Engineering Key Account Manager258,000 KPW+49%
Engineering Lab Technician164,000 KPW-5%
Engineering Planning Manager251,000 KPW+45%
Engineering Production Manager315,000 KPW+82%
Engineering Project Analyst210,000 KPW+21%
Engineering Project Coordinator 199,000 KPW+15%
Engineering Project Director356,000 KPW+110%
Engineering Project Manager257,000 KPW+48%
Engineering Research and Development Manager274,000 KPW+58%
Engineering Safety Coordinator134,000 KPW-23%
Engineering Sales Manager249,000 KPW+44%
Engineering Technician143,000 KPW-17%
Engineering Technologist139,000 KPW-20%
Environmental Engineer166,000 KPW-4%
Equipment Engineer157,000 KPW-9%
Equipment Engineering Manager230,000 KPW+33%
Estimator148,000 KPW-15%
Fabrication Specialist130,000 KPW-25%
Fabricator84,600 KPW-51%
Facade Engineer166,000 KPW-4%
Fiber Analyst101,000 KPW-42%
Field Engineer184,000 KPW+6%
Field Engineering Manager302,000 KPW+74%
Fire Engineer178,000 KPW+3%
Fitter and Turner57,500 KPW-67%
Forestry Strategic Planner216,000 KPW+25%
Generation Engineer180,000 KPW+4%
Genetic Engineer194,000 KPW+12%
Geological Engineer177,000 KPW+2%
Geotechnical Engineer193,000 KPW+11%
Heavy Equipment Mechanic94,200 KPW-46%
Highway Engineer183,000 KPW+6%
HSE Professional158,000 KPW-9%
HVAC Engineer198,000 KPW+14%
HVAC Supervisor160,000 KPW-8%
Industrial Engineer164,000 KPW-5%
Industrial Engineering Technologist172,000 KPW-1%
Instrument Engineer176,000 KPW+2%
Instrumentation and Control Engineer171,000 KPW-1%
Instrumentation Engineer184,000 KPW+6%
Instrumentation Manager176,000 KPW+2%
Irrigation Engineer168,000 KPW-3%
Licensed Aircraft Engineer197,000 KPW+14%
Locomotive Engineer168,000 KPW-3%
Maintenance Engineer164,000 KPW-5%
Maintenance Fitter61,100 KPW-65%
Maintenance Manager180,000 KPW+4%
Manufacturing Engineer171,000 KPW-1%
Marine Engineer181,000 KPW+5%
Materials Engineer178,000 KPW+3%
Materials Researcher166,000 KPW-4%
Materials Technician128,000 KPW-26%
Mechanical and Electrical Engineer197,000 KPW+14%
Mechanical Design Engineer190,000 KPW+10%
Mechanical Designer156,000 KPW-10%
Mechanical Engineer196,000 KPW+13%
Mechanical Engineering Manager237,000 KPW+37%
Mechanical Inspector174,000 KPW+0%
Mechatronics Engineer195,000 KPW+13%
Mining Engineer173,000 KPW-0%
Oil and Petrochemical Engineer189,000 KPW+9%
Optical Engineer178,000 KPW+3%
Optical Instrument Assembler94,200 KPW-46%
PCB Assembler65,500 KPW-62%
Photonics Engineer191,000 KPW+10%
Photonics Technician158,000 KPW-9%
Pipeline Engineer166,000 KPW-4%
Piping Designer99,500 KPW-43%
Piping Engineer170,000 KPW-2%
Planning Engineer188,000 KPW+9%
Pressure Vessel Inspector83,100 KPW-52%
Principal Cost Engineer184,000 KPW+6%
Principal Engineer180,000 KPW+4%
Principal Support Engineer182,000 KPW+5%
Process Engineer174,000 KPW+0%
Process Operator101,000 KPW-42%
Product Development Engineer185,000 KPW+7%
Product Development Technician132,000 KPW-24%
Product Engineer187,000 KPW+8%
Product Safety Engineer167,000 KPW-4%
Production Engineer185,000 KPW+7%
Project Engineer193,000 KPW+11%
Proposal Manager237,000 KPW+37%
Purchasing Engineer167,000 KPW-4%
Quality Assurance Engineer183,000 KPW+6%
Rail Engineer170,000 KPW-2%
Robotics Engineer199,000 KPW+15%
Robotics Technician146,000 KPW-16%
Safety Engineer171,000 KPW-1%
Safety Inspector132,000 KPW-24%
Safety Manager202,000 KPW+17%
Safety Officer93,000 KPW-46%
Sales Engineer198,000 KPW+14%
Scheduling Engineer162,000 KPW-6%
Service Engineer181,000 KPW+5%
Solar Engineer192,000 KPW+11%
Staff Engineer175,000 KPW+1%
Static Equipment Engineer173,000 KPW-0%
Stationary Engineer165,000 KPW-5%
Stress Engineer161,000 KPW-7%
Structural Analysis Engineer172,000 KPW-1%
Structural Designer156,000 KPW-10%
Structural Engineer175,000 KPW+1%
Structural Technician116,000 KPW-33%
Supply Chain Specialist171,000 KPW-1%
Surveyor128,000 KPW-26%
Technical Affairs Officer88,500 KPW-49%
Technical Assistant92,000 KPW-47%
Technical Engineer156,000 KPW-10%
Technical Support Engineer146,000 KPW-16%
Tender Engineer164,000 KPW-5%
Test Development Engineer168,000 KPW-3%
Transportation Engineer165,000 KPW-5%
Validation Engineer164,000 KPW-5%
Verification Engineer161,000 KPW-7%
Wastewater Engineer183,000 KPW+6%
Wind Energy Engineer187,000 KPW+8%
Wind Energy Operations Manager224,000 KPW+29%
Work Planner122,000 KPW-30%

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Korea (North) earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
186,000 KPW
Public Sector+7%
200,000 KPW
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2021