A person working as a Drilling Engineer in Palau typically earns around 2,350 USD per month. Salaries range from 1,080 USD (lowest) to 3,730 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 Palau range from 1,080 USD per month (minimum salary) to 3,730 USD per month (maximum salary).
The median salary is 2,530 USD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 2,530 USD while the other half are earning more than 2,530 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 1,630 USD while 75% of them are earning more than 1,630 USD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 3,380 USD while 25% are earning more than 3,380 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 1,230 USD per month.
While someone with an experience level between two and five years is expected to earn 1,640 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 2,420 USD per month, 48% 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 2,950 USD 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 3,210 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 3,480 USD per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|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 1,400 USD per month.
While someone with a Bachelor's Degree gets a salary of 2,190 USD per month, 57% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 3,680 USD per month, 68% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Palau costs anywhere from 13,600 US Dollar(s) to 40,900 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 Palau earn 19% more than their female counterparts on average.
Drilling Engineer(s) in Palau are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 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 Palau 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.
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.
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 2% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||2,230 USD||-5%|
|Assembly Engineering Technician||1,810 USD||-23%|
|Assistant Chief Engineer||2,530 USD||+8%|
|Associate Engineer||2,050 USD||-13%|
|Autocad Operator||1,470 USD||-37%|
|Automation Engineer||2,560 USD||+9%|
|Avionic System Support Engineer||2,330 USD||-1%|
|Biochemical Engineer||2,120 USD||-10%|
|BMS Engineer||2,280 USD||-3%|
|Bridge and Lock Tender||1,240 USD||-47%|
|Broadcast Engineer||2,230 USD||-5%|
|CAD Design Engineer||2,440 USD||+4%|
|CAD Designer||1,430 USD||-39%|
|CAE Engineer||2,380 USD||+1%|
|Ceramics Engineer||2,210 USD||-6%|
|Civil Engineer||2,420 USD||+3%|
|Commissioning Engineer||2,290 USD||-2%|
|Communications Engineer||2,620 USD||+12%|
|Condition Monitoring Engineer||1,960 USD||-16%|
|Contract Associate Engineer||2,160 USD||-8%|
|Control Systems Engineer||2,270 USD||-3%|
|Controls Engineer||2,230 USD||-5%|
|Controls Software Engineer||2,170 USD||-8%|
|Corrosion Engineer||2,150 USD||-8%|
|Design Engineer||2,310 USD||-2%|
|Drafting Manager||2,620 USD||+12%|
|Drilling Engineer||2,350 USD||+0%|
|Electrical Draughtsman||1,200 USD||-49%|
|Electrical Engineer||2,560 USD||+9%|
|Electrical Engineering Manager||3,230 USD||+38%|
|Electromechanical Engineering Technologist||2,540 USD||+8%|
|Electromechanical Equipment Assembler||1,200 USD||-49%|
|Energy Engineer||2,490 USD||+6%|
|Engine Assembler||1,070 USD||-54%|
|Engineering Account Manager||2,650 USD||+13%|
|Engineering Chief Designer||2,710 USD||+16%|
|Engineering Consultant||3,330 USD||+42%|
|Engineering Key Account Manager||3,250 USD||+39%|
|Engineering Lab Technician||2,200 USD||-6%|
|Engineering Planning Manager||3,200 USD||+36%|
|Engineering Production Manager||4,220 USD||+80%|
|Engineering Project Analyst||2,690 USD||+15%|
|Engineering Project Coordinator||2,840 USD||+21%|
|Engineering Project Director||4,990 USD||+110%|
|Engineering Project Manager||3,220 USD||+37%|
|Engineering Research and Development Manager||3,840 USD||+64%|
|Engineering Safety Coordinator||1,780 USD||-24%|
|Engineering Sales Manager||3,320 USD||+42%|
|Engineering Technician||1,780 USD||-24%|
|Engineering Technologist||1,900 USD||-19%|
|Environmental Engineer||2,270 USD||-3%|
|Equipment Engineer||2,260 USD||-4%|
|Equipment Engineering Manager||3,150 USD||+34%|
|Fabrication Specialist||1,600 USD||-32%|
|Facade Engineer||2,330 USD||-1%|
|Fiber Analyst||1,410 USD||-40%|
|Field Engineer||2,400 USD||+2%|
|Field Engineering Manager||4,160 USD||+77%|
|Fire Engineer||2,320 USD||-1%|
|Fitter and Turner||790 USD||-66%|
|Forestry Strategic Planner||2,790 USD||+19%|
|Generation Engineer||2,380 USD||+1%|
|Genetic Engineer||2,510 USD||+7%|
|Geological Engineer||2,540 USD||+8%|
|Geotechnical Engineer||2,530 USD||+8%|
|Heavy Equipment Mechanic||1,240 USD||-47%|
|Highway Engineer||2,290 USD||-2%|
|HSE Professional||2,190 USD||-7%|
|HVAC Engineer||2,610 USD||+11%|
|HVAC Supervisor||2,260 USD||-4%|
|Industrial Engineer||2,280 USD||-3%|
|Industrial Engineering Technologist||2,340 USD||-0%|
|Instrument Engineer||2,340 USD||-0%|
|Instrumentation and Control Engineer||2,280 USD||-3%|
|Instrumentation Engineer||2,430 USD||+4%|
|Instrumentation Manager||2,350 USD||+0%|
|Irrigation Engineer||2,220 USD||-5%|
|Licensed Aircraft Engineer||2,490 USD||+6%|
|Locomotive Engineer||2,340 USD||-0%|
|Maintenance Engineer||2,290 USD||-2%|
|Maintenance Fitter||800 USD||-66%|
|Maintenance Manager||2,340 USD||-0%|
|Manufacturing Engineer||2,270 USD||-3%|
|Marine Engineer||2,280 USD||-3%|
|Materials Engineer||2,380 USD||+1%|
|Materials Researcher||2,270 USD||-3%|
|Materials Technician||1,680 USD||-28%|
|Mechanical and Electrical Engineer||2,450 USD||+4%|
|Mechanical Design Engineer||2,580 USD||+10%|
|Mechanical Designer||2,020 USD||-14%|
|Mechanical Engineer||2,490 USD||+6%|
|Mechanical Engineering Manager||3,170 USD||+35%|
|Mechanical Inspector||2,270 USD||-3%|
|Mechatronics Engineer||2,420 USD||+3%|
|Mining Engineer||2,300 USD||-2%|
|Oil and Petrochemical Engineer||2,540 USD||+8%|
|Optical Engineer||2,230 USD||-5%|
|Optical Instrument Assembler||1,240 USD||-47%|
|PCB Assembler||840 USD||-64%|
|Photonics Engineer||2,610 USD||+11%|
|Photonics Technician||2,060 USD||-12%|
|Pipeline Engineer||2,190 USD||-7%|
|Piping Designer||1,250 USD||-47%|
|Piping Engineer||2,260 USD||-4%|
|Planning Engineer||2,450 USD||+4%|
|Pressure Vessel Inspector||1,170 USD||-50%|
|Principal Cost Engineer||2,410 USD||+3%|
|Principal Engineer||2,400 USD||+2%|
|Principal Support Engineer||2,320 USD||-1%|
|Process Engineer||2,220 USD||-5%|
|Process Operator||1,400 USD||-40%|
|Product Development Engineer||2,500 USD||+7%|
|Product Development Technician||1,730 USD||-26%|
|Product Engineer||2,410 USD||+3%|
|Product Safety Engineer||2,160 USD||-8%|
|Production Engineer||2,410 USD||+3%|
|Project Engineer||2,610 USD||+11%|
|Proposal Manager||2,920 USD||+24%|
|Purchasing Engineer||2,180 USD||-7%|
|Quality Assurance Engineer||2,360 USD||+1%|
|Rail Engineer||2,320 USD||-1%|
|Robotics Engineer||2,560 USD||+9%|
|Robotics Technician||1,980 USD||-16%|
|Safety Engineer||2,450 USD||+4%|
|Safety Inspector||1,830 USD||-22%|
|Safety Manager||2,840 USD||+21%|
|Safety Officer||1,240 USD||-47%|
|Sales Engineer||2,630 USD||+12%|
|Scheduling Engineer||2,140 USD||-9%|
|Service Engineer||2,370 USD||+1%|
|Solar Engineer||2,560 USD||+9%|
|Staff Engineer||2,280 USD||-3%|
|Static Equipment Engineer||2,350 USD||+0%|
|Stationary Engineer||2,240 USD||-5%|
|Stress Engineer||2,170 USD||-8%|
|Structural Analysis Engineer||2,200 USD||-6%|
|Structural Designer||2,100 USD||-10%|
|Structural Engineer||2,350 USD||+0%|
|Structural Technician||1,490 USD||-36%|
|Supply Chain Specialist||2,320 USD||-1%|
|Technical Affairs Officer||1,220 USD||-48%|
|Technical Assistant||1,210 USD||-48%|
|Technical Engineer||2,030 USD||-13%|
|Technical Support Engineer||1,960 USD||-16%|
|Tender Engineer||2,060 USD||-12%|
|Test Development Engineer||2,370 USD||+1%|
|Transportation Engineer||2,250 USD||-4%|
|Validation Engineer||2,040 USD||-13%|
|Verification Engineer||2,220 USD||-5%|
|Wastewater Engineer||2,420 USD||+3%|
|Wind Energy Engineer||2,400 USD||+2%|
|Wind Energy Operations Manager||3,030 USD||+29%|
|Work Planner||1,640 USD||-30%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Palau earn 14% more than their private sector counterparts on average across all sectors.