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Drilling Engineer Average Salary in Libya 2021

How much money does a Drilling Engineer make in Libya?


Average Monthly Salary
2,060 LYD
( 24,800 LYD yearly)

LOW
1,070
LYD
AVERAGE
2,060
LYD
HIGH
3,160
LYD

A person working as a Drilling Engineer in Libya typically earns around 2,060 LYD per month. Salaries range from 1,070 LYD (lowest) to 3,160 LYD (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 Libya

Median and salary distribution monthly Libya Drilling Engineer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Drilling Engineer salaries in Libya range from 1,070 LYD per month (minimum salary) to 3,160 LYD per month (maximum salary).

  • Median Salary

    The median salary is 1,980 LYD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 1,980 LYD while the other half are earning more than 1,980 LYD. 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 1,380 LYD while 75% of them are earning more than 1,380 LYD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 2,470 LYD while 25% are earning more than 2,470 LYD.


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 Libya Drilling Engineer
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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 1,220 LYD per month.

While someone with an experience level between two and five years is expected to earn 1,640 LYD 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 2,130 LYD 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 2,580 LYD 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 2,820 LYD 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 2,960 LYD per month, 5% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Libya

0 - 2 Years
1,220 LYD
2 - 5 Years+34%
1,640 LYD
5 - 10 Years+30%
2,130 LYD
10 - 15 Years+21%
2,580 LYD
15 - 20 Years+9%
2,820 LYD
20+ Years+5%
2,960 LYD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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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 Libya Drilling Engineer
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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 1,450 LYD per month.

While someone with a Bachelor's Degree gets a salary of 2,200 LYD per month, 52% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 3,120 LYD per month, 42% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Libya

Certificate or Diploma
1,450 LYD
Bachelor's Degree+52%
2,200 LYD
Master's Degree+42%
3,120 LYD
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 Libya costs anywhere from 11,400 Libyan Dinar(s) to 34,300 Libyan Dinar(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
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Drilling Engineer Salary Comparison By Gender

Salary comparison by gender monthly Libya Drilling Engineer
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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 Libya earn 13% more than their female counterparts on average.

Male
2,220 LYD
Female-12%
1,970 LYD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Libya for all Careers

Salary comparison by gender monthly Libya
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Drilling Engineer Average Annual Salary Increment Percentage in Libya

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

Drilling Engineer

Drilling Engineer(s) in Libya are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Libya Drilling Engineer
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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.

Libya / 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 Libya 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 Libya 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

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Drilling Engineer Bonus and Incentive Rates in Libya

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Libya Drilling Engineer
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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 Libya


12 LYD per hour

The average hourly wage (pay per hour) in Libya is 12 LYD. This means that the average Drilling Engineer in Libya earns approximately 12 LYD 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 Libya
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The average salary for Drilling Engineer is 7% 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 Engineer2,070 LYD+0%
Assembly Engineering Technician1,620 LYD-22%
Assistant Chief Engineer2,400 LYD+16%
Associate Engineer1,800 LYD-13%
Autocad Operator1,320 LYD-36%
Automation Engineer2,190 LYD+6%
Avionic System Support Engineer1,960 LYD-5%
Biochemical Engineer1,990 LYD-4%
BMS Engineer1,940 LYD-6%
Bridge and Lock Tender1,130 LYD-45%
Broadcast Engineer2,070 LYD+0%
CAD Design Engineer2,070 LYD+0%
CAD Designer1,280 LYD-38%
CAE Engineer1,990 LYD-4%
Ceramics Engineer1,810 LYD-12%
Civil Engineer2,100 LYD+2%
Commissioning Engineer2,000 LYD-3%
Communications Engineer2,330 LYD+13%
Condition Monitoring Engineer1,850 LYD-10%
Contract Associate Engineer2,020 LYD-2%
Control Systems Engineer1,980 LYD-4%
Controls Engineer2,030 LYD-2%
Controls Software Engineer1,810 LYD-12%
Corrosion Engineer1,920 LYD-7%
Design Engineer2,130 LYD+3%
Drafter1,280 LYD-38%
Drafting Manager2,410 LYD+17%
Drilling Engineer2,060 LYD-0%
Electrical Draughtsman1,080 LYD-48%
Electrical Engineer2,380 LYD+15%
Electrical Engineering Manager2,890 LYD+40%
Electromechanical Engineering Technologist2,160 LYD+5%
Electromechanical Equipment Assembler1,080 LYD-48%
Energy Engineer2,090 LYD+1%
Engine Assembler910 LYD-56%
Engineer2,170 LYD+5%
Engineering Account Manager2,350 LYD+14%
Engineering Chief Designer2,250 LYD+9%
Engineering Consultant2,860 LYD+38%
Engineering Key Account Manager2,930 LYD+42%
Engineering Lab Technician1,950 LYD-6%
Engineering Planning Manager2,790 LYD+35%
Engineering Production Manager3,840 LYD+86%
Engineering Project Analyst2,320 LYD+12%
Engineering Project Coordinator 2,510 LYD+22%
Engineering Project Director4,290 LYD+110%
Engineering Project Manager3,040 LYD+47%
Engineering Research and Development Manager3,250 LYD+57%
Engineering Safety Coordinator1,620 LYD-22%
Engineering Sales Manager2,840 LYD+38%
Engineering Technician1,680 LYD-19%
Engineering Technologist1,630 LYD-21%
Environmental Engineer2,060 LYD-0%
Equipment Engineer1,960 LYD-5%
Equipment Engineering Manager2,620 LYD+27%
Estimator1,840 LYD-11%
Fabrication Specialist1,420 LYD-31%
Fabricator930 LYD-55%
Facade Engineer1,960 LYD-5%
Fiber Analyst1,220 LYD-41%
Field Engineer2,110 LYD+2%
Field Engineering Manager3,510 LYD+70%
Fire Engineer2,040 LYD-1%
Fitter and Turner670 LYD-68%
Forestry Strategic Planner2,410 LYD+17%
Generation Engineer2,020 LYD-2%
Genetic Engineer2,260 LYD+9%
Geological Engineer2,220 LYD+8%
Geotechnical Engineer2,260 LYD+9%
Heavy Equipment Mechanic1,070 LYD-48%
Highway Engineer2,160 LYD+5%
HSE Professional1,920 LYD-7%
HVAC Engineer2,130 LYD+3%
HVAC Supervisor1,920 LYD-7%
Industrial Engineer1,980 LYD-4%
Industrial Engineering Technologist2,030 LYD-2%
Instrument Engineer1,950 LYD-6%
Instrumentation and Control Engineer2,050 LYD-1%
Instrumentation Engineer1,970 LYD-5%
Instrumentation Manager2,140 LYD+4%
Irrigation Engineer2,040 LYD-1%
Licensed Aircraft Engineer2,300 LYD+11%
Locomotive Engineer2,070 LYD+0%
Maintenance Engineer2,010 LYD-3%
Maintenance Fitter760 LYD-63%
Maintenance Manager2,150 LYD+4%
Manufacturing Engineer1,910 LYD-8%
Marine Engineer2,040 LYD-1%
Materials Engineer2,030 LYD-2%
Materials Researcher1,950 LYD-6%
Materials Technician1,470 LYD-29%
Mechanical and Electrical Engineer2,120 LYD+3%
Mechanical Design Engineer2,250 LYD+9%
Mechanical Designer1,860 LYD-10%
Mechanical Engineer2,250 LYD+9%
Mechanical Engineering Manager3,030 LYD+47%
Mechanical Inspector2,070 LYD+0%
Mechatronics Engineer2,110 LYD+2%
Mining Engineer2,070 LYD+0%
Oil and Petrochemical Engineer2,230 LYD+8%
Optical Engineer2,110 LYD+2%
Optical Instrument Assembler1,020 LYD-51%
PCB Assembler720 LYD-65%
Photonics Engineer2,190 LYD+6%
Photonics Technician1,830 LYD-11%
Pipeline Engineer1,910 LYD-8%
Piping Designer1,160 LYD-44%
Piping Engineer1,810 LYD-12%
Planning Engineer2,070 LYD+0%
Pressure Vessel Inspector1,000 LYD-52%
Principal Cost Engineer2,150 LYD+4%
Principal Engineer2,000 LYD-3%
Principal Support Engineer2,040 LYD-1%
Process Engineer2,070 LYD+0%
Process Operator1,210 LYD-41%
Product Development Engineer2,220 LYD+8%
Product Development Technician1,540 LYD-25%
Product Engineer2,050 LYD-1%
Product Safety Engineer1,940 LYD-6%
Production Engineer2,040 LYD-1%
Project Engineer2,140 LYD+4%
Proposal Manager2,580 LYD+25%
Purchasing Engineer1,960 LYD-5%
Quality Assurance Engineer2,040 LYD-1%
Rail Engineer2,120 LYD+3%
Robotics Engineer2,350 LYD+14%
Robotics Technician1,740 LYD-16%
Safety Engineer2,150 LYD+4%
Safety Inspector1,600 LYD-23%
Safety Manager2,380 LYD+15%
Safety Officer1,030 LYD-50%
Sales Engineer2,110 LYD+2%
Scheduling Engineer1,820 LYD-12%
Service Engineer2,220 LYD+8%
Solar Engineer2,130 LYD+3%
Staff Engineer2,010 LYD-3%
Static Equipment Engineer2,060 LYD-0%
Stationary Engineer1,830 LYD-11%
Stress Engineer1,900 LYD-8%
Structural Analysis Engineer2,050 LYD-1%
Structural Designer1,890 LYD-8%
Structural Engineer2,090 LYD+1%
Structural Technician1,270 LYD-38%
Supply Chain Specialist1,970 LYD-5%
Surveyor1,560 LYD-24%
Technical Affairs Officer1,000 LYD-52%
Technical Assistant1,070 LYD-48%
Technical Engineer1,850 LYD-10%
Technical Support Engineer1,850 LYD-10%
Tender Engineer1,940 LYD-6%
Test Development Engineer1,960 LYD-5%
Transportation Engineer1,890 LYD-8%
Validation Engineer1,780 LYD-14%
Verification Engineer1,960 LYD-5%
Wastewater Engineer1,940 LYD-6%
Wind Energy Engineer2,120 LYD+3%
Wind Energy Operations Manager2,840 LYD+38%
Work Planner1,440 LYD-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 Libya earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
2,200 LYD
Public Sector+7%
2,360 LYD
Percentage increase and decrease are relative to the previous value

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