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Drilling Engineer Average Salary in Nicaragua 2022

How much money does a Drilling Engineer make in Nicaragua?

Average Monthly Salary
16,100 NIO
( 193,000 NIO yearly)


A person working as a Drilling Engineer in Nicaragua typically earns around 16,100 NIO per month. Salaries range from 7,390 NIO (lowest) to 25,500 NIO (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 Nicaragua

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

  • Salary Range

    Drilling Engineer salaries in Nicaragua range from 7,390 NIO per month (minimum salary) to 25,500 NIO per month (maximum salary).

  • Median Salary

    The median salary is 17,400 NIO per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 17,400 NIO while the other half are earning more than 17,400 NIO. 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 11,100 NIO while 75% of them are earning more than 11,100 NIO. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 23,200 NIO while 25% are earning more than 23,200 NIO.

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 Nicaragua 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 8,390 NIO per month.

While someone with an experience level between two and five years is expected to earn 11,200 NIO 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 16,600 NIO per month, 48% 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 20,200 NIO per month, 22% 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 22,000 NIO 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 23,800 NIO per month, 8% more than people with fifteen to twenty years of experience.

Drilling Engineer average salary change by experience in Nicaragua

0 - 2 Years
8,390 NIO
2 - 5 Years+34%
11,200 NIO
5 - 10 Years+48%
16,600 NIO
10 - 15 Years+22%
20,200 NIO
15 - 20 Years+9%
22,000 NIO
20+ Years+8%
23,800 NIO
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 Nicaragua 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 9,570 NIO per month.

While someone with a Bachelor's Degree gets a salary of 15,000 NIO per month, 57% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 25,200 NIO per month, 68% more than someone with a Bachelor's Degree.

Drilling Engineer average salary difference by education level in Nicaragua

Certificate or Diploma
9,570 NIO
Bachelor's Degree+57%
15,000 NIO
Master's Degree+68%
25,200 NIO
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 Nicaragua costs anywhere from 94,700 Cordoba Oro(s) to 284,000 Cordoba Oro(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 Nicaragua 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 Nicaragua earn 14% more than their female counterparts on average.

17,200 NIO
15,000 NIO
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Nicaragua for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Nicaragua 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 Nicaragua 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.

Nicaragua / 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 Nicaragua is 2%.

Annual Increment Rate By Industry 2021

Information Technology

Listed above are the average annual increase rates for each industry in Nicaragua for the year 2021. 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 Nicaragua

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Nicaragua 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.

84% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 16% 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.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Nicaragua

93 NIO per hour

The average hourly wage (pay per hour) in Nicaragua is 93 NIO. This means that the average Drilling Engineer in Nicaragua earns approximately 93 NIO 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 Nicaragua
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The average salary for Drilling Engineer is 1% 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 Engineer15,100 NIO-6%
Assembly Engineering Technician13,000 NIO-19%
Assistant Chief Engineer18,000 NIO+12%
Associate Engineer14,900 NIO-7%
Autocad Operator10,500 NIO-35%
Automation Engineer17,000 NIO+6%
Avionic System Support Engineer16,400 NIO+2%
Biochemical Engineer15,200 NIO-5%
BMS Engineer15,900 NIO-1%
Bridge and Lock Tender9,300 NIO-42%
Broadcast Engineer16,500 NIO+3%
CAD Design Engineer17,300 NIO+8%
CAD Designer10,000 NIO-38%
CAE Engineer16,100 NIO+0%
Ceramics Engineer15,600 NIO-3%
Civil Engineer16,800 NIO+5%
Commissioning Engineer15,400 NIO-4%
Communications Engineer17,400 NIO+8%
Condition Monitoring Engineer13,900 NIO-13%
Contract Associate Engineer15,500 NIO-4%
Control Systems Engineer16,300 NIO+1%
Controls Engineer15,500 NIO-4%
Controls Software Engineer13,900 NIO-13%
Corrosion Engineer15,400 NIO-4%
Design Engineer17,700 NIO+10%
Drafter10,000 NIO-38%
Drafting Manager19,500 NIO+21%
Drilling Engineer16,100 NIO+0%
Electrical Draughtsman8,320 NIO-48%
Electrical Engineer17,400 NIO+8%
Electrical Engineering Manager24,000 NIO+49%
Electromechanical Engineering Technologist18,000 NIO+12%
Electromechanical Equipment Assembler8,380 NIO-48%
Energy Engineer17,700 NIO+10%
Engine Assembler7,380 NIO-54%
Engineer16,900 NIO+5%
Engineering Account Manager18,200 NIO+13%
Engineering Chief Designer19,400 NIO+21%
Engineering Consultant22,500 NIO+40%
Engineering Key Account Manager23,400 NIO+46%
Engineering Lab Technician15,100 NIO-6%
Engineering Planning Manager23,500 NIO+46%
Engineering Production Manager28,300 NIO+76%
Engineering Project Analyst19,900 NIO+24%
Engineering Project Coordinator 18,300 NIO+14%
Engineering Project Director33,800 NIO+110%
Engineering Project Manager22,300 NIO+39%
Engineering Research and Development Manager26,400 NIO+64%
Engineering Safety Coordinator13,400 NIO-17%
Engineering Sales Manager21,500 NIO+34%
Engineering Technician12,300 NIO-23%
Engineering Technologist13,200 NIO-18%
Environmental Engineer16,600 NIO+3%
Equipment Engineer14,800 NIO-8%
Equipment Engineering Manager22,600 NIO+41%
Estimator14,100 NIO-12%
Fabrication Specialist12,000 NIO-25%
Fabricator7,390 NIO-54%
Facade Engineer16,200 NIO+1%
Fiber Analyst9,460 NIO-41%
Field Engineer17,000 NIO+6%
Field Engineering Manager29,300 NIO+82%
Fire Engineer16,500 NIO+3%
Fitter and Turner5,560 NIO-65%
Forestry Strategic Planner18,400 NIO+15%
Generation Engineer17,200 NIO+7%
Genetic Engineer17,600 NIO+10%
Geological Engineer16,500 NIO+3%
Geotechnical Engineer17,700 NIO+10%
Heavy Equipment Mechanic8,940 NIO-44%
Highway Engineer15,800 NIO-2%
HSE Professional14,800 NIO-8%
HVAC Engineer17,900 NIO+11%
HVAC Supervisor15,400 NIO-4%
Industrial Engineer15,500 NIO-4%
Industrial Engineering Technologist16,100 NIO+0%
Instrument Engineer15,600 NIO-3%
Instrumentation and Control Engineer15,600 NIO-3%
Instrumentation Engineer16,800 NIO+5%
Instrumentation Manager15,800 NIO-2%
Irrigation Engineer16,500 NIO+3%
Licensed Aircraft Engineer17,500 NIO+9%
Locomotive Engineer15,500 NIO-4%
Maintenance Engineer15,300 NIO-5%
Maintenance Fitter5,820 NIO-64%
Maintenance Manager16,000 NIO-0%
Manufacturing Engineer16,600 NIO+3%
Marine Engineer16,600 NIO+3%
Materials Engineer15,400 NIO-4%
Materials Researcher15,700 NIO-2%
Materials Technician11,900 NIO-26%
Mechanical and Electrical Engineer18,600 NIO+16%
Mechanical Design Engineer17,800 NIO+11%
Mechanical Designer13,800 NIO-14%
Mechanical Engineer17,700 NIO+10%
Mechanical Engineering Manager22,400 NIO+39%
Mechanical Inspector15,600 NIO-3%
Mechatronics Engineer18,200 NIO+13%
Mining Engineer15,700 NIO-2%
Oil and Petrochemical Engineer17,600 NIO+10%
Optical Engineer15,400 NIO-4%
Optical Instrument Assembler8,520 NIO-47%
PCB Assembler6,200 NIO-61%
Photonics Engineer18,600 NIO+16%
Photonics Technician14,500 NIO-10%
Pipeline Engineer15,500 NIO-4%
Piping Designer8,800 NIO-45%
Piping Engineer15,700 NIO-2%
Planning Engineer16,400 NIO+2%
Pressure Vessel Inspector7,980 NIO-50%
Principal Cost Engineer16,800 NIO+5%
Principal Engineer16,000 NIO-0%
Principal Support Engineer16,900 NIO+5%
Process Engineer16,900 NIO+5%
Process Operator9,510 NIO-41%
Product Development Engineer17,000 NIO+6%
Product Development Technician12,100 NIO-25%
Product Engineer17,900 NIO+11%
Product Safety Engineer15,100 NIO-6%
Production Engineer16,200 NIO+1%
Project Engineer17,500 NIO+9%
Proposal Manager21,900 NIO+36%
Purchasing Engineer15,100 NIO-6%
Quality Assurance Engineer15,600 NIO-3%
Rail Engineer16,800 NIO+5%
Robotics Engineer19,500 NIO+21%
Robotics Technician13,600 NIO-15%
Safety Engineer16,000 NIO-0%
Safety Inspector12,300 NIO-23%
Safety Manager19,700 NIO+23%
Safety Officer8,250 NIO-49%
Sales Engineer18,300 NIO+14%
Scheduling Engineer15,500 NIO-4%
Service Engineer17,400 NIO+8%
Solar Engineer17,000 NIO+6%
Staff Engineer16,200 NIO+1%
Static Equipment Engineer16,100 NIO+0%
Stationary Engineer15,000 NIO-7%
Stress Engineer15,000 NIO-7%
Structural Analysis Engineer16,700 NIO+4%
Structural Designer14,200 NIO-12%
Structural Engineer16,000 NIO-0%
Structural Technician11,100 NIO-31%
Supply Chain Specialist16,400 NIO+2%
Surveyor13,000 NIO-19%
Technical Affairs Officer8,790 NIO-45%
Technical Assistant8,520 NIO-47%
Technical Engineer14,000 NIO-13%
Technical Support Engineer13,900 NIO-13%
Tender Engineer14,200 NIO-12%
Test Development Engineer16,500 NIO+3%
Transportation Engineer16,000 NIO-0%
Validation Engineer15,300 NIO-5%
Verification Engineer16,400 NIO+2%
Wastewater Engineer16,900 NIO+5%
Wind Energy Engineer17,300 NIO+8%
Wind Energy Operations Manager21,700 NIO+35%
Work Planner11,300 NIO-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 Nicaragua earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
18,000 NIO
Public Sector+14%
20,400 NIO
Percentage increase and decrease are relative to the previous value

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