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Drilling Engineer Average Salary in Palau 2021

How much money does a Drilling Engineer make in Palau?

Average Monthly Salary
2,350 USD
( 28,200 USD yearly)


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 Salary Distribution in Palau

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

  • Salary Range

    Drilling Engineer salaries in Palau range from 1,080 USD per month (minimum salary) to 3,730 USD per month (maximum salary).

  • Median 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.

  • 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 1,630 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.

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 Palau 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 1,230 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.

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 2,950 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.

Drilling Engineer average salary change by experience in Palau

0 - 2 Years
1,230 USD
2 - 5 Years+34%
1,640 USD
5 - 10 Years+48%
2,420 USD
10 - 15 Years+22%
2,950 USD
15 - 20 Years+9%
3,210 USD
20+ Years+8%
3,480 USD
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 Palau 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 1,400 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.

Drilling Engineer average salary difference by education level in Palau

Certificate or Diploma
1,400 USD
Bachelor's Degree+57%
2,190 USD
Master's Degree+68%
3,680 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 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.

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 Palau 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 Palau earn 19% more than their female counterparts on average.

2,550 USD
2,140 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Palau for all Careers

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

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

Drilling Engineer

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.

Annual Salary Increment Rate Palau 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.

Palau / 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 Palau is 2%.

Annual Increment Rate By Industry 2020

Information Technology

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.

Worldwide Salary Raises: All Countries and All Jobs

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Drilling Engineer Bonus and Incentive Rates in Palau

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

14 USD per hour

The average hourly wage (pay per hour) in Palau is 14 USD. This means that the average Drilling Engineer in Palau earns approximately 14 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 Palau
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The average salary for Drilling Engineer is 2% 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 Engineer2,230 USD-5%
Assembly Engineering Technician1,810 USD-23%
Assistant Chief Engineer2,530 USD+8%
Associate Engineer2,050 USD-13%
Autocad Operator1,470 USD-37%
Automation Engineer2,560 USD+9%
Avionic System Support Engineer2,330 USD-1%
Biochemical Engineer2,120 USD-10%
BMS Engineer2,280 USD-3%
Bridge and Lock Tender1,240 USD-47%
Broadcast Engineer2,230 USD-5%
CAD Design Engineer2,440 USD+4%
CAD Designer1,430 USD-39%
CAE Engineer2,380 USD+1%
Ceramics Engineer2,210 USD-6%
Civil Engineer2,420 USD+3%
Commissioning Engineer2,290 USD-2%
Communications Engineer2,620 USD+12%
Condition Monitoring Engineer1,960 USD-16%
Contract Associate Engineer2,160 USD-8%
Control Systems Engineer2,270 USD-3%
Controls Engineer2,230 USD-5%
Controls Software Engineer2,170 USD-8%
Corrosion Engineer2,150 USD-8%
Design Engineer2,310 USD-2%
Drafter1,480 USD-37%
Drafting Manager2,620 USD+12%
Drilling Engineer2,350 USD+0%
Electrical Draughtsman1,200 USD-49%
Electrical Engineer2,560 USD+9%
Electrical Engineering Manager3,230 USD+38%
Electromechanical Engineering Technologist2,540 USD+8%
Electromechanical Equipment Assembler1,200 USD-49%
Energy Engineer2,490 USD+6%
Engine Assembler1,070 USD-54%
Engineer2,540 USD+8%
Engineering Account Manager2,650 USD+13%
Engineering Chief Designer2,710 USD+16%
Engineering Consultant3,330 USD+42%
Engineering Key Account Manager3,250 USD+39%
Engineering Lab Technician2,200 USD-6%
Engineering Planning Manager3,200 USD+36%
Engineering Production Manager4,220 USD+80%
Engineering Project Analyst2,690 USD+15%
Engineering Project Coordinator 2,840 USD+21%
Engineering Project Director4,990 USD+110%
Engineering Project Manager3,220 USD+37%
Engineering Research and Development Manager3,840 USD+64%
Engineering Safety Coordinator1,780 USD-24%
Engineering Sales Manager3,320 USD+42%
Engineering Technician1,780 USD-24%
Engineering Technologist1,900 USD-19%
Environmental Engineer2,270 USD-3%
Equipment Engineer2,260 USD-4%
Equipment Engineering Manager3,150 USD+34%
Estimator1,940 USD-17%
Fabrication Specialist1,600 USD-32%
Fabricator1,100 USD-53%
Facade Engineer2,330 USD-1%
Fiber Analyst1,410 USD-40%
Field Engineer2,400 USD+2%
Field Engineering Manager4,160 USD+77%
Fire Engineer2,320 USD-1%
Fitter and Turner790 USD-66%
Forestry Strategic Planner2,790 USD+19%
Generation Engineer2,380 USD+1%
Genetic Engineer2,510 USD+7%
Geological Engineer2,540 USD+8%
Geotechnical Engineer2,530 USD+8%
Heavy Equipment Mechanic1,240 USD-47%
Highway Engineer2,290 USD-2%
HSE Professional2,190 USD-7%
HVAC Engineer2,610 USD+11%
HVAC Supervisor2,260 USD-4%
Industrial Engineer2,280 USD-3%
Industrial Engineering Technologist2,340 USD-0%
Instrument Engineer2,340 USD-0%
Instrumentation and Control Engineer2,280 USD-3%
Instrumentation Engineer2,430 USD+4%
Instrumentation Manager2,350 USD+0%
Irrigation Engineer2,220 USD-5%
Licensed Aircraft Engineer2,490 USD+6%
Locomotive Engineer2,340 USD-0%
Maintenance Engineer2,290 USD-2%
Maintenance Fitter800 USD-66%
Maintenance Manager2,340 USD-0%
Manufacturing Engineer2,270 USD-3%
Marine Engineer2,280 USD-3%
Materials Engineer2,380 USD+1%
Materials Researcher2,270 USD-3%
Materials Technician1,680 USD-28%
Mechanical and Electrical Engineer2,450 USD+4%
Mechanical Design Engineer2,580 USD+10%
Mechanical Designer2,020 USD-14%
Mechanical Engineer2,490 USD+6%
Mechanical Engineering Manager3,170 USD+35%
Mechanical Inspector2,270 USD-3%
Mechatronics Engineer2,420 USD+3%
Mining Engineer2,300 USD-2%
Oil and Petrochemical Engineer2,540 USD+8%
Optical Engineer2,230 USD-5%
Optical Instrument Assembler1,240 USD-47%
PCB Assembler840 USD-64%
Photonics Engineer2,610 USD+11%
Photonics Technician2,060 USD-12%
Pipeline Engineer2,190 USD-7%
Piping Designer1,250 USD-47%
Piping Engineer2,260 USD-4%
Planning Engineer2,450 USD+4%
Pressure Vessel Inspector1,170 USD-50%
Principal Cost Engineer2,410 USD+3%
Principal Engineer2,400 USD+2%
Principal Support Engineer2,320 USD-1%
Process Engineer2,220 USD-5%
Process Operator1,400 USD-40%
Product Development Engineer2,500 USD+7%
Product Development Technician1,730 USD-26%
Product Engineer2,410 USD+3%
Product Safety Engineer2,160 USD-8%
Production Engineer2,410 USD+3%
Project Engineer2,610 USD+11%
Proposal Manager2,920 USD+24%
Purchasing Engineer2,180 USD-7%
Quality Assurance Engineer2,360 USD+1%
Rail Engineer2,320 USD-1%
Robotics Engineer2,560 USD+9%
Robotics Technician1,980 USD-16%
Safety Engineer2,450 USD+4%
Safety Inspector1,830 USD-22%
Safety Manager2,840 USD+21%
Safety Officer1,240 USD-47%
Sales Engineer2,630 USD+12%
Scheduling Engineer2,140 USD-9%
Service Engineer2,370 USD+1%
Solar Engineer2,560 USD+9%
Staff Engineer2,280 USD-3%
Static Equipment Engineer2,350 USD+0%
Stationary Engineer2,240 USD-5%
Stress Engineer2,170 USD-8%
Structural Analysis Engineer2,200 USD-6%
Structural Designer2,100 USD-10%
Structural Engineer2,350 USD+0%
Structural Technician1,490 USD-36%
Supply Chain Specialist2,320 USD-1%
Surveyor1,760 USD-25%
Technical Affairs Officer1,220 USD-48%
Technical Assistant1,210 USD-48%
Technical Engineer2,030 USD-13%
Technical Support Engineer1,960 USD-16%
Tender Engineer2,060 USD-12%
Test Development Engineer2,370 USD+1%
Transportation Engineer2,250 USD-4%
Validation Engineer2,040 USD-13%
Verification Engineer2,220 USD-5%
Wastewater Engineer2,420 USD+3%
Wind Energy Engineer2,400 USD+2%
Wind Energy Operations Manager3,030 USD+29%
Work Planner1,640 USD-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 Palau earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
2,590 USD
Public Sector+14%
2,950 USD
Percentage increase and decrease are relative to the previous value

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