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

Drilling Engineer Average Salary in Marshall Islands 2021

How much money does a Drilling Engineer make in Marshall Islands?


Average Monthly Salary
2,000 USD
( 24,100 USD yearly)

LOW
1,040
USD
AVERAGE
2,000
USD
HIGH
3,070
USD

A person working as a Drilling Engineer in Marshall Islands typically earns around 2,000 USD per month. Salaries range from 1,040 USD (lowest) to 3,070 USD (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 Marshall Islands

Median and salary distribution monthly Marshall Islands Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/marshall-islands/engineering/drilling-engineer/median-and-salary-distribution-monthly-marshall-islands-drilling-engineer.jpg

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

  • Salary Range

    Drilling Engineer salaries in Marshall Islands range from 1,040 USD per month (minimum salary) to 3,070 USD per month (maximum salary).

  • Median Salary

    The median salary is 1,920 USD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 1,920 USD while the other half are earning more than 1,920 USD. 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 1,340 USD while 75% of them are earning more than 1,340 USD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 2,400 USD while 25% are earning more than 2,400 USD.


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 Marshall Islands Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/marshall-islands/engineering/drilling-engineer/salary-comparison-by-years-of-experience-monthly-marshall-islands-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 1,180 USD per month.

While someone with an experience level between two and five years is expected to earn 1,590 USD 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 2,070 USD 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 2,500 USD 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 2,730 USD 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 2,880 USD per month, 5% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Marshall Islands

0 - 2 Years
1,180 USD
2 - 5 Years+34%
1,590 USD
5 - 10 Years+30%
2,070 USD
10 - 15 Years+21%
2,500 USD
15 - 20 Years+9%
2,730 USD
20+ Years+5%
2,880 USD
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 Marshall Islands Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/marshall-islands/engineering/drilling-engineer/salary-comparison-by-education-level-monthly-marshall-islands-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 1,410 USD per month.

While someone with a Bachelor's Degree gets a salary of 2,140 USD per month, 52% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 3,030 USD per month, 42% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Marshall Islands

Certificate or Diploma
1,410 USD
Bachelor's Degree+52%
2,140 USD
Master's Degree+42%
3,030 USD
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 Marshall Islands costs anywhere from 11,300 US Dollar(s) to 33,800 US Dollar(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 Marshall Islands Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/marshall-islands/engineering/drilling-engineer/salary-comparison-by-gender-monthly-marshall-islands-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 Marshall Islands earn 11% more than their female counterparts on average.

Male
2,140 USD
Female-10%
1,920 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Marshall Islands for all Careers

Salary comparison by gender monthly Marshall Islands
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/marshall-islands/salary-comparison-by-gender-monthly-marshall-islands.jpg

Drilling Engineer Average Annual Salary Increment Percentage in Marshall Islands

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

Drilling Engineer

Drilling Engineer(s) in Marshall Islands 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 Marshall Islands Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/marshall-islands/engineering/drilling-engineer/annual-salary-increment-rate-marshall-islands-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.

Marshall Islands / 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 Marshall Islands is 2%.

Annual Increment Rate By Industry 2020

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

Listed above are the average annual increase rates for each industry in Marshall Islands 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 Marshall Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Marshall Islands Drilling Engineer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/marshall-islands/engineering/drilling-engineer/annual-salary-bonus-rate-marshall-islands-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 Marshall Islands


12 USD per hour

The average hourly wage (pay per hour) in Marshall Islands is 12 USD. This means that the average Drilling Engineer in Marshall Islands earns approximately 12 USD 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 Marshall Islands
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/marshall-islands/engineering/drilling-engineer/salary-comparison-between-drilling-engineer-and-engineering-monthly-marshall-islands.jpg

The average salary for Drilling Engineer is 5% 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 Engineer1,840 USD-8%
Assembly Engineering Technician1,480 USD-26%
Assistant Chief Engineer2,220 USD+11%
Associate Engineer1,780 USD-11%
Autocad Operator1,200 USD-40%
Automation Engineer2,210 USD+10%
Avionic System Support Engineer1,900 USD-5%
Biochemical Engineer1,880 USD-6%
BMS Engineer1,830 USD-9%
Bridge and Lock Tender1,070 USD-47%
Broadcast Engineer2,070 USD+3%
CAD Design Engineer2,060 USD+3%
CAD Designer1,290 USD-36%
CAE Engineer1,900 USD-5%
Ceramics Engineer1,880 USD-6%
Civil Engineer1,980 USD-1%
Commissioning Engineer1,980 USD-1%
Communications Engineer2,140 USD+7%
Condition Monitoring Engineer1,720 USD-14%
Contract Associate Engineer1,920 USD-4%
Control Systems Engineer1,930 USD-4%
Controls Engineer1,990 USD-1%
Controls Software Engineer1,790 USD-11%
Corrosion Engineer1,750 USD-13%
Design Engineer2,040 USD+2%
Drafter1,300 USD-35%
Drafting Manager2,240 USD+12%
Drilling Engineer2,000 USD-0%
Electrical Draughtsman1,030 USD-49%
Electrical Engineer2,120 USD+6%
Electrical Engineering Manager2,870 USD+43%
Electromechanical Engineering Technologist2,140 USD+7%
Electromechanical Equipment Assembler1,080 USD-46%
Energy Engineer2,130 USD+6%
Engine Assembler870 USD-57%
Engineer2,180 USD+9%
Engineering Account Manager2,340 USD+17%
Engineering Chief Designer2,340 USD+17%
Engineering Consultant2,820 USD+41%
Engineering Key Account Manager3,040 USD+52%
Engineering Lab Technician1,940 USD-3%
Engineering Planning Manager2,820 USD+41%
Engineering Production Manager3,470 USD+73%
Engineering Project Analyst2,400 USD+20%
Engineering Project Coordinator 2,230 USD+11%
Engineering Project Director4,230 USD+110%
Engineering Project Manager2,720 USD+36%
Engineering Research and Development Manager3,130 USD+56%
Engineering Safety Coordinator1,540 USD-23%
Engineering Sales Manager2,760 USD+38%
Engineering Technician1,510 USD-25%
Engineering Technologist1,500 USD-25%
Environmental Engineer1,900 USD-5%
Equipment Engineer1,830 USD-9%
Equipment Engineering Manager2,730 USD+36%
Estimator1,760 USD-12%
Fabrication Specialist1,440 USD-28%
Fabricator960 USD-52%
Facade Engineer1,930 USD-4%
Fiber Analyst1,180 USD-41%
Field Engineer2,010 USD+0%
Field Engineering Manager3,390 USD+69%
Fire Engineer1,950 USD-3%
Fitter and Turner640 USD-68%
Forestry Strategic Planner2,370 USD+18%
Generation Engineer2,080 USD+4%
Genetic Engineer2,270 USD+13%
Geological Engineer2,030 USD+1%
Geotechnical Engineer2,210 USD+10%
Heavy Equipment Mechanic1,070 USD-47%
Highway Engineer1,940 USD-3%
HSE Professional1,900 USD-5%
HVAC Engineer2,140 USD+7%
HVAC Supervisor1,750 USD-13%
Industrial Engineer2,000 USD-0%
Industrial Engineering Technologist2,020 USD+1%
Instrument Engineer1,900 USD-5%
Instrumentation and Control Engineer2,000 USD-0%
Instrumentation Engineer2,020 USD+1%
Instrumentation Manager1,930 USD-4%
Irrigation Engineer1,890 USD-6%
Licensed Aircraft Engineer2,160 USD+8%
Locomotive Engineer1,910 USD-5%
Maintenance Engineer1,890 USD-6%
Maintenance Fitter720 USD-64%
Maintenance Manager1,960 USD-2%
Manufacturing Engineer2,010 USD+0%
Marine Engineer1,960 USD-2%
Materials Engineer1,980 USD-1%
Materials Researcher1,800 USD-10%
Materials Technician1,410 USD-30%
Mechanical and Electrical Engineer2,260 USD+13%
Mechanical Design Engineer2,230 USD+11%
Mechanical Designer1,690 USD-16%
Mechanical Engineer2,220 USD+11%
Mechanical Engineering Manager2,740 USD+37%
Mechanical Inspector1,930 USD-4%
Mechatronics Engineer2,200 USD+10%
Mining Engineer2,010 USD+0%
Oil and Petrochemical Engineer2,280 USD+14%
Optical Engineer1,890 USD-6%
Optical Instrument Assembler1,020 USD-49%
PCB Assembler750 USD-63%
Photonics Engineer2,230 USD+11%
Photonics Technician1,880 USD-6%
Pipeline Engineer1,780 USD-11%
Piping Designer1,090 USD-46%
Piping Engineer1,900 USD-5%
Planning Engineer2,130 USD+6%
Pressure Vessel Inspector910 USD-55%
Principal Cost Engineer2,100 USD+5%
Principal Engineer1,940 USD-3%
Principal Support Engineer2,010 USD+0%
Process Engineer1,940 USD-3%
Process Operator1,230 USD-39%
Product Development Engineer2,110 USD+5%
Product Development Technician1,510 USD-25%
Product Engineer2,180 USD+9%
Product Safety Engineer1,960 USD-2%
Production Engineer2,100 USD+5%
Project Engineer2,070 USD+3%
Proposal Manager2,630 USD+31%
Purchasing Engineer1,880 USD-6%
Quality Assurance Engineer2,010 USD+0%
Rail Engineer2,110 USD+5%
Robotics Engineer2,260 USD+13%
Robotics Technician1,690 USD-16%
Safety Engineer1,960 USD-2%
Safety Inspector1,590 USD-21%
Safety Manager2,350 USD+17%
Safety Officer1,000 USD-50%
Sales Engineer2,220 USD+11%
Scheduling Engineer1,870 USD-7%
Service Engineer2,170 USD+8%
Solar Engineer2,070 USD+3%
Staff Engineer1,920 USD-4%
Static Equipment Engineer2,000 USD-0%
Stationary Engineer1,770 USD-12%
Stress Engineer1,940 USD-3%
Structural Analysis Engineer1,920 USD-4%
Structural Designer1,750 USD-13%
Structural Engineer1,990 USD-1%
Structural Technician1,350 USD-33%
Supply Chain Specialist1,960 USD-2%
Surveyor1,510 USD-25%
Technical Affairs Officer1,070 USD-47%
Technical Assistant1,070 USD-47%
Technical Engineer1,730 USD-14%
Technical Support Engineer1,720 USD-14%
Tender Engineer1,740 USD-13%
Test Development Engineer1,980 USD-1%
Transportation Engineer1,930 USD-4%
Validation Engineer1,850 USD-8%
Verification Engineer1,900 USD-5%
Wastewater Engineer2,040 USD+2%
Wind Energy Engineer1,990 USD-1%
Wind Energy Operations Manager2,690 USD+34%
Work Planner1,470 USD-27%

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 Marshall Islands earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
2,100 USD
Public Sector+17%
2,460 USD
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2021