A person working as a Drilling Engineer in Latvia typically earns around 1,140 LVL per month. Salaries range from 560 LVL (lowest) to 1,780 LVL (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 salaries in Latvia range from 560 LVL per month (minimum salary) to 1,780 LVL per month (maximum salary).
The median salary is 1,170 LVL per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 1,170 LVL while the other half are earning more than 1,170 LVL. 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.
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 780 LVL while 75% of them are earning more than 780 LVL. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 1,500 LVL while 25% are earning more than 1,500 LVL.
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
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 660 LVL per month.
While someone with an experience level between two and five years is expected to earn 850 LVL per month, 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 1,180 LVL per month, 38% more than someone with two to five years of experience.
Additionally, Drilling Engineer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 1,460 LVL per month, 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 1,560 LVL per month, 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 1,670 LVL per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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 850 LVL per month.
While someone with a Bachelor's Degree gets a salary of 1,150 LVL per month, 34% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 1,760 LVL per month, 53% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Latvia costs anywhere from 6,510 Latvian Lats(s) to 19,500 Latvian Lats(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.
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 Latvia earn 5% more than their female counterparts on average.
Drilling Engineer(s) in Latvia are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.
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.
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
Listed above are the average annual increase rates for each industry in Latvia 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.
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.
71% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 29% 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.
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.
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.
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.
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.
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.
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.
The average salary for Drilling Engineer is 4% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||1,140 LVL||-0%|
|Assembly Engineering Technician||910 LVL||-20%|
|Assistant Chief Engineer||1,350 LVL||+18%|
|Associate Engineer||1,030 LVL||-10%|
|Autocad Operator||740 LVL||-35%|
|Automation Engineer||1,270 LVL||+11%|
|Avionic System Support Engineer||1,160 LVL||+1%|
|Biochemical Engineer||1,110 LVL||-3%|
|BMS Engineer||1,050 LVL||-8%|
|Bridge and Lock Tender||650 LVL||-43%|
|Broadcast Engineer||1,210 LVL||+6%|
|CAD Design Engineer||1,260 LVL||+10%|
|CAD Designer||780 LVL||-32%|
|CAE Engineer||1,180 LVL||+3%|
|Ceramics Engineer||1,120 LVL||-2%|
|Civil Engineer||1,170 LVL||+2%|
|Commissioning Engineer||1,180 LVL||+3%|
|Communications Engineer||1,230 LVL||+8%|
|Condition Monitoring Engineer||1,040 LVL||-9%|
|Contract Associate Engineer||1,130 LVL||-1%|
|Control Systems Engineer||1,170 LVL||+2%|
|Controls Engineer||1,120 LVL||-2%|
|Controls Software Engineer||1,060 LVL||-7%|
|Corrosion Engineer||1,080 LVL||-6%|
|Design Engineer||1,180 LVL||+3%|
|Drafting Manager||1,400 LVL||+22%|
|Drilling Engineer||1,140 LVL||-0%|
|Electrical Draughtsman||580 LVL||-49%|
|Electrical Engineer||1,320 LVL||+15%|
|Electrical Engineering Manager||1,750 LVL||+53%|
|Electromechanical Engineering Technologist||1,310 LVL||+15%|
|Electromechanical Equipment Assembler||650 LVL||-43%|
|Energy Engineer||1,260 LVL||+10%|
|Engine Assembler||520 LVL||-55%|
|Engineering Account Manager||1,330 LVL||+16%|
|Engineering Chief Designer||1,340 LVL||+17%|
|Engineering Consultant||1,630 LVL||+43%|
|Engineering Key Account Manager||1,690 LVL||+48%|
|Engineering Lab Technician||1,100 LVL||-4%|
|Engineering Planning Manager||1,570 LVL||+37%|
|Engineering Production Manager||2,180 LVL||+91%|
|Engineering Project Analyst||1,440 LVL||+26%|
|Engineering Project Coordinator||1,390 LVL||+22%|
|Engineering Project Director||2,440 LVL||+110%|
|Engineering Project Manager||1,620 LVL||+42%|
|Engineering Research and Development Manager||1,870 LVL||+64%|
|Engineering Safety Coordinator||930 LVL||-19%|
|Engineering Sales Manager||1,620 LVL||+42%|
|Engineering Technician||900 LVL||-21%|
|Engineering Technologist||890 LVL||-22%|
|Environmental Engineer||1,120 LVL||-2%|
|Equipment Engineer||1,060 LVL||-7%|
|Equipment Engineering Manager||1,560 LVL||+36%|
|Fabrication Specialist||850 LVL||-26%|
|Facade Engineer||1,110 LVL||-3%|
|Fiber Analyst||700 LVL||-39%|
|Field Engineer||1,250 LVL||+9%|
|Field Engineering Manager||2,080 LVL||+82%|
|Fire Engineer||1,210 LVL||+6%|
|Fitter and Turner||390 LVL||-66%|
|Forestry Strategic Planner||1,330 LVL||+16%|
|Generation Engineer||1,170 LVL||+2%|
|Genetic Engineer||1,360 LVL||+19%|
|Geological Engineer||1,220 LVL||+7%|
|Geotechnical Engineer||1,200 LVL||+5%|
|Heavy Equipment Mechanic||620 LVL||-46%|
|Highway Engineer||1,150 LVL||+1%|
|HSE Professional||1,130 LVL||-1%|
|HVAC Engineer||1,250 LVL||+9%|
|HVAC Supervisor||1,080 LVL||-6%|
|Industrial Engineer||1,150 LVL||+1%|
|Industrial Engineering Technologist||1,120 LVL||-2%|
|Instrument Engineer||1,110 LVL||-3%|
|Instrumentation and Control Engineer||1,170 LVL||+2%|
|Instrumentation Engineer||1,140 LVL||-0%|
|Instrumentation Manager||1,210 LVL||+6%|
|Irrigation Engineer||1,180 LVL||+3%|
|Licensed Aircraft Engineer||1,330 LVL||+16%|
|Locomotive Engineer||1,090 LVL||-5%|
|Maintenance Engineer||1,160 LVL||+1%|
|Maintenance Fitter||410 LVL||-64%|
|Maintenance Manager||1,180 LVL||+3%|
|Manufacturing Engineer||1,100 LVL||-4%|
|Marine Engineer||1,170 LVL||+2%|
|Materials Engineer||1,160 LVL||+1%|
|Materials Researcher||1,060 LVL||-7%|
|Materials Technician||880 LVL||-23%|
|Mechanical and Electrical Engineer||1,250 LVL||+9%|
|Mechanical Design Engineer||1,230 LVL||+8%|
|Mechanical Designer||1,020 LVL||-11%|
|Mechanical Engineer||1,280 LVL||+12%|
|Mechanical Engineering Manager||1,720 LVL||+50%|
|Mechanical Inspector||1,120 LVL||-2%|
|Mechatronics Engineer||1,260 LVL||+10%|
|Mining Engineer||1,180 LVL||+3%|
|Oil and Petrochemical Engineer||1,250 LVL||+9%|
|Optical Engineer||1,120 LVL||-2%|
|Optical Instrument Assembler||600 LVL||-48%|
|PCB Assembler||450 LVL||-61%|
|Photonics Engineer||1,320 LVL||+15%|
|Photonics Technician||1,100 LVL||-4%|
|Pipeline Engineer||1,110 LVL||-3%|
|Piping Designer||670 LVL||-41%|
|Piping Engineer||1,040 LVL||-9%|
|Planning Engineer||1,240 LVL||+8%|
|Pressure Vessel Inspector||560 LVL||-51%|
|Principal Cost Engineer||1,150 LVL||+1%|
|Principal Engineer||1,140 LVL||-0%|
|Principal Support Engineer||1,160 LVL||+1%|
|Process Engineer||1,160 LVL||+1%|
|Process Operator||710 LVL||-38%|
|Product Development Engineer||1,240 LVL||+8%|
|Product Development Technician||820 LVL||-28%|
|Product Engineer||1,260 LVL||+10%|
|Product Safety Engineer||1,170 LVL||+2%|
|Production Engineer||1,220 LVL||+7%|
|Project Engineer||1,310 LVL||+15%|
|Proposal Manager||1,550 LVL||+36%|
|Purchasing Engineer||1,060 LVL||-7%|
|Quality Assurance Engineer||1,130 LVL||-1%|
|Rail Engineer||1,170 LVL||+2%|
|Robotics Engineer||1,310 LVL||+15%|
|Robotics Technician||960 LVL||-16%|
|Safety Engineer||1,180 LVL||+3%|
|Safety Inspector||940 LVL||-18%|
|Safety Manager||1,360 LVL||+19%|
|Safety Officer||590 LVL||-48%|
|Sales Engineer||1,210 LVL||+6%|
|Scheduling Engineer||1,060 LVL||-7%|
|Service Engineer||1,190 LVL||+4%|
|Solar Engineer||1,220 LVL||+7%|
|Staff Engineer||1,190 LVL||+4%|
|Static Equipment Engineer||1,140 LVL||-0%|
|Stationary Engineer||1,120 LVL||-2%|
|Stress Engineer||1,070 LVL||-6%|
|Structural Analysis Engineer||1,150 LVL||+1%|
|Structural Designer||1,060 LVL||-7%|
|Structural Engineer||1,170 LVL||+2%|
|Structural Technician||780 LVL||-32%|
|Supply Chain Specialist||1,190 LVL||+4%|
|Technical Affairs Officer||590 LVL||-48%|
|Technical Assistant||630 LVL||-45%|
|Technical Engineer||1,000 LVL||-13%|
|Technical Support Engineer||1,040 LVL||-9%|
|Tender Engineer||1,030 LVL||-10%|
|Test Development Engineer||1,110 LVL||-3%|
|Transportation Engineer||1,140 LVL||-0%|
|Validation Engineer||1,060 LVL||-7%|
|Verification Engineer||1,160 LVL||+1%|
|Wastewater Engineer||1,120 LVL||-2%|
|Wind Energy Engineer||1,190 LVL||+4%|
|Wind Energy Operations Manager||1,580 LVL||+38%|
|Work Planner||810 LVL||-29%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Latvia earn 7% more than their private sector counterparts on average across all sectors.