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Drilling Engineer Average Salary in Suriname 2021

How much money does a Drilling Engineer make in Suriname?


Average Monthly Salary
4,590 SRD
( 55,100 SRD yearly)

LOW
2,390
SRD
AVERAGE
4,590
SRD
HIGH
7,020
SRD

A person working as a Drilling Engineer in Suriname typically earns around 4,590 SRD per month. Salaries range from 2,390 SRD (lowest) to 7,020 SRD (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 Suriname

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

  • Salary Range

    Drilling Engineer salaries in Suriname range from 2,390 SRD per month (minimum salary) to 7,020 SRD per month (maximum salary).

  • Median Salary

    The median salary is 4,410 SRD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 4,410 SRD while the other half are earning more than 4,410 SRD. 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 3,060 SRD while 75% of them are earning more than 3,060 SRD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 5,490 SRD while 25% are earning more than 5,490 SRD.


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 Suriname 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 2,710 SRD per month.

While someone with an experience level between two and five years is expected to earn 3,640 SRD 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 4,730 SRD per month, 30% 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 5,730 SRD 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 6,260 SRD 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 6,580 SRD per month, 5% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Suriname

0 - 2 Years
2,710 SRD
2 - 5 Years+34%
3,640 SRD
5 - 10 Years+30%
4,730 SRD
10 - 15 Years+21%
5,730 SRD
15 - 20 Years+9%
6,260 SRD
20+ Years+5%
6,580 SRD
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 Suriname 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 3,220 SRD per month.

While someone with a Bachelor's Degree gets a salary of 4,890 SRD per month, 52% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 6,930 SRD per month, 42% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Suriname

Certificate or Diploma
3,220 SRD
Bachelor's Degree+52%
4,890 SRD
Master's Degree+42%
6,930 SRD
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 Suriname costs anywhere from 25,700 Surinam Dollar(s) to 77,100 Surinam 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 Suriname 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 Suriname earn 8% more than their female counterparts on average.

Male
4,790 SRD
Female-7%
4,450 SRD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Suriname for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Suriname 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 Suriname 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.

Suriname / 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 Suriname is 2%.

Annual Increment Rate By Industry 2020

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

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

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

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.

Received Bonus
10%
No Bonus
90%

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 Suriname


26 SRD per hour

The average hourly wage (pay per hour) in Suriname is 26 SRD. This means that the average Drilling Engineer in Suriname earns approximately 26 SRD 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 Suriname
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The average salary for Drilling Engineer is 6% 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 Engineer4,540 SRD-1%
Assembly Engineering Technician3,520 SRD-23%
Assistant Chief Engineer5,140 SRD+12%
Associate Engineer4,050 SRD-12%
Autocad Operator2,870 SRD-37%
Automation Engineer4,890 SRD+7%
Avionic System Support Engineer4,690 SRD+2%
Biochemical Engineer4,560 SRD-1%
BMS Engineer4,330 SRD-6%
Bridge and Lock Tender2,660 SRD-42%
Broadcast Engineer4,700 SRD+2%
CAD Design Engineer4,930 SRD+7%
CAD Designer3,010 SRD-34%
CAE Engineer4,830 SRD+5%
Ceramics Engineer4,230 SRD-8%
Civil Engineer4,810 SRD+5%
Commissioning Engineer4,640 SRD+1%
Communications Engineer5,220 SRD+14%
Condition Monitoring Engineer3,970 SRD-14%
Contract Associate Engineer4,640 SRD+1%
Control Systems Engineer4,650 SRD+1%
Controls Engineer4,430 SRD-4%
Controls Software Engineer4,190 SRD-9%
Corrosion Engineer4,180 SRD-9%
Design Engineer4,800 SRD+5%
Drafter2,870 SRD-37%
Drafting Manager5,310 SRD+16%
Drilling Engineer4,590 SRD-0%
Electrical Draughtsman2,380 SRD-48%
Electrical Engineer5,220 SRD+14%
Electrical Engineering Manager6,870 SRD+50%
Electromechanical Engineering Technologist5,130 SRD+12%
Electromechanical Equipment Assembler2,520 SRD-45%
Energy Engineer4,820 SRD+5%
Engine Assembler2,110 SRD-54%
Engineer5,080 SRD+11%
Engineering Account Manager5,190 SRD+13%
Engineering Chief Designer5,540 SRD+21%
Engineering Consultant6,440 SRD+40%
Engineering Key Account Manager7,020 SRD+53%
Engineering Lab Technician4,310 SRD-6%
Engineering Planning Manager6,720 SRD+46%
Engineering Production Manager8,500 SRD+85%
Engineering Project Analyst5,410 SRD+18%
Engineering Project Coordinator 5,500 SRD+20%
Engineering Project Director9,660 SRD+110%
Engineering Project Manager6,360 SRD+39%
Engineering Research and Development Manager7,550 SRD+64%
Engineering Safety Coordinator3,820 SRD-17%
Engineering Sales Manager6,480 SRD+41%
Engineering Technician3,530 SRD-23%
Engineering Technologist3,760 SRD-18%
Environmental Engineer4,740 SRD+3%
Equipment Engineer4,440 SRD-3%
Equipment Engineering Manager6,450 SRD+40%
Estimator4,040 SRD-12%
Fabrication Specialist3,270 SRD-29%
Fabricator2,110 SRD-54%
Facade Engineer4,400 SRD-4%
Fiber Analyst2,840 SRD-38%
Field Engineer5,120 SRD+12%
Field Engineering Manager8,370 SRD+82%
Fire Engineer4,950 SRD+8%
Fitter and Turner1,590 SRD-65%
Forestry Strategic Planner5,270 SRD+15%
Generation Engineer4,920 SRD+7%
Genetic Engineer5,280 SRD+15%
Geological Engineer4,710 SRD+3%
Geotechnical Engineer4,800 SRD+5%
Heavy Equipment Mechanic2,430 SRD-47%
Highway Engineer4,520 SRD-2%
HSE Professional4,440 SRD-3%
HVAC Engineer4,860 SRD+6%
HVAC Supervisor4,180 SRD-9%
Industrial Engineer4,420 SRD-4%
Industrial Engineering Technologist4,380 SRD-5%
Instrument Engineer4,450 SRD-3%
Instrumentation and Control Engineer4,680 SRD+2%
Instrumentation Engineer4,800 SRD+5%
Instrumentation Manager4,740 SRD+3%
Irrigation Engineer4,490 SRD-2%
Licensed Aircraft Engineer4,990 SRD+9%
Locomotive Engineer4,650 SRD+1%
Maintenance Engineer4,360 SRD-5%
Maintenance Fitter1,660 SRD-64%
Maintenance Manager4,560 SRD-1%
Manufacturing Engineer4,510 SRD-2%
Marine Engineer4,730 SRD+3%
Materials Engineer4,640 SRD+1%
Materials Researcher4,500 SRD-2%
Materials Technician3,580 SRD-22%
Mechanical and Electrical Engineer5,060 SRD+10%
Mechanical Design Engineer4,840 SRD+5%
Mechanical Designer3,940 SRD-14%
Mechanical Engineer5,070 SRD+10%
Mechanical Engineering Manager6,720 SRD+46%
Mechanical Inspector4,690 SRD+2%
Mechatronics Engineer5,210 SRD+13%
Mining Engineer4,720 SRD+3%
Oil and Petrochemical Engineer5,280 SRD+15%
Optical Engineer4,410 SRD-4%
Optical Instrument Assembler2,310 SRD-50%
PCB Assembler1,690 SRD-63%
Photonics Engineer5,050 SRD+10%
Photonics Technician4,150 SRD-10%
Pipeline Engineer4,220 SRD-8%
Piping Designer2,510 SRD-45%
Piping Engineer4,270 SRD-7%
Planning Engineer4,690 SRD+2%
Pressure Vessel Inspector2,170 SRD-53%
Principal Cost Engineer4,570 SRD-0%
Principal Engineer4,560 SRD-1%
Principal Support Engineer4,590 SRD-0%
Process Engineer4,820 SRD+5%
Process Operator2,720 SRD-41%
Product Development Engineer5,100 SRD+11%
Product Development Technician3,270 SRD-29%
Product Engineer5,130 SRD+12%
Product Safety Engineer4,550 SRD-1%
Production Engineer4,620 SRD+1%
Project Engineer5,240 SRD+14%
Proposal Manager5,950 SRD+30%
Purchasing Engineer4,320 SRD-6%
Quality Assurance Engineer4,460 SRD-3%
Rail Engineer4,570 SRD-0%
Robotics Engineer5,320 SRD+16%
Robotics Technician3,870 SRD-16%
Safety Engineer4,560 SRD-1%
Safety Inspector3,710 SRD-19%
Safety Manager5,350 SRD+17%
Safety Officer2,360 SRD-49%
Sales Engineer4,980 SRD+8%
Scheduling Engineer4,430 SRD-4%
Service Engineer4,720 SRD+3%
Solar Engineer4,860 SRD+6%
Staff Engineer4,870 SRD+6%
Static Equipment Engineer4,590 SRD-0%
Stationary Engineer4,490 SRD-2%
Stress Engineer4,510 SRD-2%
Structural Analysis Engineer4,780 SRD+4%
Structural Designer4,050 SRD-12%
Structural Engineer4,810 SRD+5%
Structural Technician3,170 SRD-31%
Supply Chain Specialist4,690 SRD+2%
Surveyor3,720 SRD-19%
Technical Affairs Officer2,390 SRD-48%
Technical Assistant2,430 SRD-47%
Technical Engineer4,190 SRD-9%
Technical Support Engineer3,970 SRD-14%
Tender Engineer4,060 SRD-12%
Test Development Engineer4,720 SRD+3%
Transportation Engineer4,350 SRD-5%
Validation Engineer4,380 SRD-5%
Verification Engineer4,690 SRD+2%
Wastewater Engineer4,580 SRD-0%
Wind Energy Engineer4,940 SRD+8%
Wind Energy Operations Manager6,510 SRD+42%
Work Planner3,400 SRD-26%

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 Suriname earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
4,780 SRD
Public Sector+17%
5,600 SRD
Percentage increase and decrease are relative to the previous value

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