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Drilling Engineer Average Salary in Solomon Islands 2021

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


Average Monthly Salary
5,130 SBD
( 61,600 SBD yearly)

LOW
2,520
SBD
AVERAGE
5,130
SBD
HIGH
8,010
SBD

A person working as a Drilling Engineer in Solomon Islands typically earns around 5,130 SBD per month. Salaries range from 2,520 SBD (lowest) to 8,010 SBD (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 Solomon Islands

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

  • Salary Range

    Drilling Engineer salaries in Solomon Islands range from 2,520 SBD per month (minimum salary) to 8,010 SBD per month (maximum salary).

  • Median Salary

    The median salary is 5,240 SBD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 5,240 SBD while the other half are earning more than 5,240 SBD. 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 3,490 SBD while 75% of them are earning more than 3,490 SBD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 6,750 SBD while 25% are earning more than 6,750 SBD.


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 Solomon Islands 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 2,980 SBD per month.

While someone with an experience level between two and five years is expected to earn 3,830 SBD per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 5,290 SBD per month, 38% 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 6,550 SBD per month, 24% 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 7,020 SBD per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 7,490 SBD per month, 7% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Solomon Islands

0 - 2 Years
2,980 SBD
2 - 5 Years+29%
3,830 SBD
5 - 10 Years+38%
5,290 SBD
10 - 15 Years+24%
6,550 SBD
15 - 20 Years+7%
7,020 SBD
20+ Years+7%
7,490 SBD
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 Solomon Islands 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 3,830 SBD per month.

While someone with a Bachelor's Degree gets a salary of 5,150 SBD per month, 34% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 7,900 SBD per month, 53% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Solomon Islands

Certificate or Diploma
3,830 SBD
Bachelor's Degree+34%
5,150 SBD
Master's Degree+53%
7,900 SBD
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 Solomon Islands costs anywhere from 31,700 Solomon Islands Dollar(s) to 95,200 Solomon Islands 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 Solomon Islands 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 Solomon Islands earn 10% more than their female counterparts on average.

Male
5,330 SBD
Female-9%
4,840 SBD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Solomon Islands for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Solomon Islands are likely to observe a salary increase of approximately 6% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Solomon Islands 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.

Solomon 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 Solomon Islands is 2%.

Annual Increment Rate By Industry 2020

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

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

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Drilling Engineer Bonus and Incentive Rates in Solomon Islands

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

87% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 13% 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
13%
No Bonus
87%

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 Solomon Islands


30 SBD per hour

The average hourly wage (pay per hour) in Solomon Islands is 30 SBD. This means that the average Drilling Engineer in Solomon Islands earns approximately 30 SBD 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 Solomon Islands
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The average salary for Drilling Engineer is 4% less than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Acoustics Engineer5,040 SBD-2%
Assembly Engineering Technician4,080 SBD-21%
Assistant Chief Engineer5,920 SBD+15%
Associate Engineer4,770 SBD-7%
Autocad Operator3,320 SBD-35%
Automation Engineer5,840 SBD+14%
Avionic System Support Engineer4,960 SBD-3%
Biochemical Engineer5,040 SBD-2%
BMS Engineer4,760 SBD-7%
Bridge and Lock Tender2,890 SBD-44%
Broadcast Engineer4,990 SBD-3%
CAD Design Engineer5,710 SBD+11%
CAD Designer3,460 SBD-33%
CAE Engineer5,400 SBD+5%
Ceramics Engineer4,840 SBD-6%
Civil Engineer5,460 SBD+6%
Commissioning Engineer4,950 SBD-4%
Communications Engineer5,500 SBD+7%
Condition Monitoring Engineer4,570 SBD-11%
Contract Associate Engineer5,140 SBD+0%
Control Systems Engineer5,260 SBD+2%
Controls Engineer5,300 SBD+3%
Controls Software Engineer4,710 SBD-8%
Corrosion Engineer4,850 SBD-6%
Design Engineer5,410 SBD+5%
Drafter3,260 SBD-37%
Drafting Manager5,990 SBD+17%
Drilling Engineer5,130 SBD-0%
Electrical Draughtsman2,590 SBD-50%
Electrical Engineer5,800 SBD+13%
Electrical Engineering Manager7,570 SBD+47%
Electromechanical Engineering Technologist5,940 SBD+16%
Electromechanical Equipment Assembler2,900 SBD-44%
Energy Engineer5,370 SBD+5%
Engine Assembler2,450 SBD-52%
Engineer5,560 SBD+8%
Engineering Account Manager6,370 SBD+24%
Engineering Chief Designer5,950 SBD+16%
Engineering Consultant7,370 SBD+44%
Engineering Key Account Manager7,290 SBD+42%
Engineering Lab Technician5,280 SBD+3%
Engineering Planning Manager7,590 SBD+48%
Engineering Production Manager9,670 SBD+88%
Engineering Project Analyst6,490 SBD+26%
Engineering Project Coordinator 6,420 SBD+25%
Engineering Project Director11,100 SBD+120%
Engineering Project Manager7,340 SBD+43%
Engineering Research and Development Manager8,770 SBD+71%
Engineering Safety Coordinator4,150 SBD-19%
Engineering Sales Manager7,110 SBD+38%
Engineering Technician4,070 SBD-21%
Engineering Technologist4,300 SBD-16%
Environmental Engineer5,160 SBD+1%
Equipment Engineer4,800 SBD-7%
Equipment Engineering Manager6,920 SBD+35%
Estimator4,640 SBD-10%
Fabrication Specialist3,830 SBD-25%
Fabricator2,460 SBD-52%
Facade Engineer5,430 SBD+6%
Fiber Analyst3,060 SBD-40%
Field Engineer5,450 SBD+6%
Field Engineering Manager8,860 SBD+73%
Fire Engineer5,270 SBD+3%
Fitter and Turner1,680 SBD-67%
Forestry Strategic Planner6,000 SBD+17%
Generation Engineer5,150 SBD+0%
Genetic Engineer6,080 SBD+18%
Geological Engineer5,290 SBD+3%
Geotechnical Engineer5,570 SBD+8%
Heavy Equipment Mechanic2,920 SBD-43%
Highway Engineer5,210 SBD+1%
HSE Professional4,740 SBD-8%
HVAC Engineer5,560 SBD+8%
HVAC Supervisor5,090 SBD-1%
Industrial Engineer5,030 SBD-2%
Industrial Engineering Technologist5,210 SBD+1%
Instrument Engineer5,270 SBD+3%
Instrumentation and Control Engineer5,400 SBD+5%
Instrumentation Engineer5,290 SBD+3%
Instrumentation Manager5,390 SBD+5%
Irrigation Engineer5,070 SBD-1%
Licensed Aircraft Engineer5,880 SBD+15%
Locomotive Engineer4,900 SBD-5%
Maintenance Engineer4,890 SBD-5%
Maintenance Fitter1,910 SBD-63%
Maintenance Manager5,380 SBD+5%
Manufacturing Engineer5,010 SBD-2%
Marine Engineer5,230 SBD+2%
Materials Engineer5,090 SBD-1%
Materials Researcher5,140 SBD+0%
Materials Technician3,810 SBD-26%
Mechanical and Electrical Engineer5,480 SBD+7%
Mechanical Design Engineer5,760 SBD+12%
Mechanical Designer4,650 SBD-9%
Mechanical Engineer5,520 SBD+8%
Mechanical Engineering Manager7,270 SBD+42%
Mechanical Inspector5,320 SBD+4%
Mechatronics Engineer5,870 SBD+14%
Mining Engineer5,440 SBD+6%
Oil and Petrochemical Engineer5,640 SBD+10%
Optical Engineer5,080 SBD-1%
Optical Instrument Assembler2,650 SBD-48%
PCB Assembler2,020 SBD-61%
Photonics Engineer5,630 SBD+10%
Photonics Technician4,590 SBD-11%
Pipeline Engineer5,000 SBD-3%
Piping Designer2,960 SBD-42%
Piping Engineer4,990 SBD-3%
Planning Engineer5,460 SBD+6%
Pressure Vessel Inspector2,640 SBD-49%
Principal Cost Engineer5,310 SBD+3%
Principal Engineer5,400 SBD+5%
Principal Support Engineer5,390 SBD+5%
Process Engineer5,110 SBD-0%
Process Operator3,090 SBD-40%
Product Development Engineer5,360 SBD+4%
Product Development Technician3,800 SBD-26%
Product Engineer5,360 SBD+4%
Product Safety Engineer5,240 SBD+2%
Production Engineer5,370 SBD+5%
Project Engineer5,440 SBD+6%
Proposal Manager6,970 SBD+36%
Purchasing Engineer4,710 SBD-8%
Quality Assurance Engineer5,090 SBD-1%
Rail Engineer5,170 SBD+1%
Robotics Engineer5,990 SBD+17%
Robotics Technician4,330 SBD-16%
Safety Engineer5,120 SBD-0%
Safety Inspector3,960 SBD-23%
Safety Manager6,610 SBD+29%
Safety Officer2,790 SBD-46%
Sales Engineer5,820 SBD+13%
Scheduling Engineer4,640 SBD-10%
Service Engineer5,760 SBD+12%
Solar Engineer5,760 SBD+12%
Staff Engineer5,190 SBD+1%
Static Equipment Engineer5,130 SBD-0%
Stationary Engineer4,660 SBD-9%
Stress Engineer4,810 SBD-6%
Structural Analysis Engineer5,060 SBD-1%
Structural Designer4,900 SBD-5%
Structural Engineer5,060 SBD-1%
Structural Technician3,310 SBD-36%
Supply Chain Specialist5,430 SBD+6%
Surveyor4,140 SBD-19%
Technical Affairs Officer2,720 SBD-47%
Technical Assistant2,720 SBD-47%
Technical Engineer4,760 SBD-7%
Technical Support Engineer4,570 SBD-11%
Tender Engineer4,680 SBD-9%
Test Development Engineer5,070 SBD-1%
Transportation Engineer4,850 SBD-6%
Validation Engineer4,940 SBD-4%
Verification Engineer5,210 SBD+1%
Wastewater Engineer5,360 SBD+4%
Wind Energy Engineer5,510 SBD+7%
Wind Energy Operations Manager7,200 SBD+40%
Work Planner3,630 SBD-29%

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 Solomon Islands earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
5,960 SBD
Public Sector+11%
6,600 SBD
Percentage increase and decrease are relative to the previous value

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