A person working as a Drilling Engineer in Micronesia typically earns around 1,180 USD per month. Salaries range from 610 USD (lowest) to 1,800 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 salaries in Micronesia range from 610 USD per month (minimum salary) to 1,800 USD per month (maximum salary).
The median salary is 1,130 USD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 1,130 USD while the other half are earning more than 1,130 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.
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 USD while 75% of them are earning more than 780 USD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 1,410 USD while 25% are earning more than 1,410 USD.
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 700 USD per month.
While someone with an experience level between two and five years is expected to earn 930 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 1,210 USD per month, 30% 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 1,470 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 1,610 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 1,690 USD per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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 830 USD per month.
While someone with a Bachelor's Degree gets a salary of 1,260 USD per month, 52% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 1,780 USD per month, 42% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Micronesia costs anywhere from 7,020 US Dollar(s) to 21,100 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.
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 Micronesia earn 11% more than their female counterparts on average.
Drilling Engineer(s) in Micronesia 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.
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 Micronesia 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.
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.
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 1% less than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||1,200 USD||+2%|
|Assembly Engineering Technician||930 USD||-21%|
|Assistant Chief Engineer||1,410 USD||+20%|
|Associate Engineer||1,110 USD||-6%|
|Autocad Operator||760 USD||-35%|
|Automation Engineer||1,260 USD||+7%|
|Avionic System Support Engineer||1,170 USD||-1%|
|Biochemical Engineer||1,150 USD||-2%|
|BMS Engineer||1,170 USD||-1%|
|Bridge and Lock Tender||660 USD||-44%|
|Broadcast Engineer||1,240 USD||+5%|
|CAD Design Engineer||1,220 USD||+4%|
|CAD Designer||770 USD||-35%|
|CAE Engineer||1,160 USD||-2%|
|Ceramics Engineer||1,080 USD||-8%|
|Civil Engineer||1,280 USD||+9%|
|Commissioning Engineer||1,180 USD||+0%|
|Communications Engineer||1,280 USD||+9%|
|Condition Monitoring Engineer||1,090 USD||-7%|
|Contract Associate Engineer||1,170 USD||-1%|
|Control Systems Engineer||1,260 USD||+7%|
|Controls Engineer||1,240 USD||+5%|
|Controls Software Engineer||1,060 USD||-10%|
|Corrosion Engineer||1,110 USD||-6%|
|Design Engineer||1,320 USD||+12%|
|Drafting Manager||1,420 USD||+21%|
|Drilling Engineer||1,180 USD||+0%|
|Electrical Draughtsman||600 USD||-49%|
|Electrical Engineer||1,390 USD||+18%|
|Electrical Engineering Manager||1,700 USD||+44%|
|Electromechanical Engineering Technologist||1,270 USD||+8%|
|Electromechanical Equipment Assembler||650 USD||-45%|
|Energy Engineer||1,350 USD||+15%|
|Engine Assembler||570 USD||-52%|
|Engineering Account Manager||1,470 USD||+25%|
|Engineering Chief Designer||1,430 USD||+21%|
|Engineering Consultant||1,670 USD||+42%|
|Engineering Key Account Manager||1,850 USD||+57%|
|Engineering Lab Technician||1,220 USD||+4%|
|Engineering Planning Manager||1,690 USD||+43%|
|Engineering Production Manager||2,280 USD||+94%|
|Engineering Project Analyst||1,380 USD||+17%|
|Engineering Project Coordinator||1,460 USD||+24%|
|Engineering Project Director||2,510 USD||+110%|
|Engineering Project Manager||1,700 USD||+44%|
|Engineering Research and Development Manager||2,030 USD||+72%|
|Engineering Safety Coordinator||940 USD||-20%|
|Engineering Sales Manager||1,620 USD||+38%|
|Engineering Technician||940 USD||-20%|
|Engineering Technologist||1,000 USD||-15%|
|Environmental Engineer||1,260 USD||+7%|
|Equipment Engineer||1,110 USD||-6%|
|Equipment Engineering Manager||1,660 USD||+41%|
|Fabrication Specialist||910 USD||-23%|
|Facade Engineer||1,200 USD||+2%|
|Fiber Analyst||730 USD||-38%|
|Field Engineer||1,230 USD||+4%|
|Field Engineering Manager||2,090 USD||+77%|
|Fire Engineer||1,190 USD||+1%|
|Fitter and Turner||400 USD||-66%|
|Forestry Strategic Planner||1,470 USD||+25%|
|Generation Engineer||1,250 USD||+6%|
|Genetic Engineer||1,360 USD||+15%|
|Geological Engineer||1,280 USD||+9%|
|Geotechnical Engineer||1,370 USD||+16%|
|Heavy Equipment Mechanic||670 USD||-43%|
|Highway Engineer||1,210 USD||+3%|
|HSE Professional||1,130 USD||-4%|
|HVAC Engineer||1,340 USD||+14%|
|HVAC Supervisor||1,110 USD||-6%|
|Industrial Engineer||1,140 USD||-3%|
|Industrial Engineering Technologist||1,140 USD||-3%|
|Instrument Engineer||1,170 USD||-1%|
|Instrumentation and Control Engineer||1,170 USD||-1%|
|Instrumentation Engineer||1,220 USD||+4%|
|Instrumentation Manager||1,270 USD||+8%|
|Irrigation Engineer||1,200 USD||+2%|
|Licensed Aircraft Engineer||1,380 USD||+17%|
|Locomotive Engineer||1,140 USD||-3%|
|Maintenance Engineer||1,210 USD||+3%|
|Maintenance Fitter||420 USD||-64%|
|Maintenance Manager||1,230 USD||+4%|
|Manufacturing Engineer||1,170 USD||-1%|
|Marine Engineer||1,270 USD||+8%|
|Materials Engineer||1,160 USD||-2%|
|Materials Researcher||1,200 USD||+2%|
|Materials Technician||860 USD||-27%|
|Mechanical and Electrical Engineer||1,330 USD||+13%|
|Mechanical Design Engineer||1,260 USD||+7%|
|Mechanical Designer||1,070 USD||-9%|
|Mechanical Engineer||1,320 USD||+12%|
|Mechanical Engineering Manager||1,810 USD||+54%|
|Mechanical Inspector||1,170 USD||-1%|
|Mechatronics Engineer||1,340 USD||+14%|
|Mining Engineer||1,180 USD||+0%|
|Oil and Petrochemical Engineer||1,380 USD||+17%|
|Optical Engineer||1,180 USD||+0%|
|Optical Instrument Assembler||640 USD||-46%|
|PCB Assembler||430 USD||-63%|
|Photonics Engineer||1,410 USD||+20%|
|Photonics Technician||1,090 USD||-7%|
|Pipeline Engineer||1,130 USD||-4%|
|Piping Designer||700 USD||-41%|
|Piping Engineer||1,110 USD||-6%|
|Planning Engineer||1,230 USD||+4%|
|Pressure Vessel Inspector||570 USD||-52%|
|Principal Cost Engineer||1,300 USD||+10%|
|Principal Engineer||1,200 USD||+2%|
|Principal Support Engineer||1,250 USD||+6%|
|Process Engineer||1,170 USD||-1%|
|Process Operator||700 USD||-41%|
|Product Development Engineer||1,290 USD||+10%|
|Product Development Technician||940 USD||-20%|
|Product Engineer||1,340 USD||+14%|
|Product Safety Engineer||1,170 USD||-1%|
|Production Engineer||1,210 USD||+3%|
|Project Engineer||1,280 USD||+9%|
|Proposal Manager||1,660 USD||+41%|
|Purchasing Engineer||1,090 USD||-7%|
|Quality Assurance Engineer||1,250 USD||+6%|
|Rail Engineer||1,190 USD||+1%|
|Robotics Engineer||1,460 USD||+24%|
|Robotics Technician||990 USD||-16%|
|Safety Engineer||1,230 USD||+4%|
|Safety Inspector||940 USD||-20%|
|Safety Manager||1,460 USD||+24%|
|Safety Officer||620 USD||-47%|
|Sales Engineer||1,290 USD||+10%|
|Scheduling Engineer||1,130 USD||-4%|
|Service Engineer||1,350 USD||+15%|
|Solar Engineer||1,280 USD||+9%|
|Staff Engineer||1,170 USD||-1%|
|Static Equipment Engineer||1,180 USD||+0%|
|Stationary Engineer||1,100 USD||-7%|
|Stress Engineer||1,170 USD||-1%|
|Structural Analysis Engineer||1,160 USD||-2%|
|Structural Designer||1,110 USD||-6%|
|Structural Engineer||1,210 USD||+3%|
|Structural Technician||830 USD||-30%|
|Supply Chain Specialist||1,160 USD||-2%|
|Technical Affairs Officer||630 USD||-47%|
|Technical Assistant||640 USD||-46%|
|Technical Engineer||1,040 USD||-12%|
|Technical Support Engineer||1,090 USD||-7%|
|Tender Engineer||1,090 USD||-7%|
|Test Development Engineer||1,190 USD||+1%|
|Transportation Engineer||1,220 USD||+4%|
|Validation Engineer||1,130 USD||-4%|
|Verification Engineer||1,170 USD||-1%|
|Wastewater Engineer||1,190 USD||+1%|
|Wind Energy Engineer||1,200 USD||+2%|
|Wind Energy Operations Manager||1,640 USD||+39%|
|Work Planner||890 USD||-24%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Micronesia earn 7% more than their private sector counterparts on average across all sectors.