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Drilling Engineer Average Salary in Trinidad and Tobago 2021

How much money does a Drilling Engineer make in Trinidad and Tobago?


Average Monthly Salary
8,210 TTD
( 98,500 TTD yearly)

LOW
3,780
TTD
AVERAGE
8,210
TTD
HIGH
13,100
TTD

A person working as a Drilling Engineer in Trinidad and Tobago typically earns around 8,210 TTD per month. Salaries range from 3,780 TTD (lowest) to 13,100 TTD (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 Trinidad and Tobago

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

  • Salary Range

    Drilling Engineer salaries in Trinidad and Tobago range from 3,780 TTD per month (minimum salary) to 13,100 TTD per month (maximum salary).

  • Median Salary

    The median salary is 8,870 TTD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 8,870 TTD while the other half are earning more than 8,870 TTD. 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 5,690 TTD while 75% of them are earning more than 5,690 TTD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 11,800 TTD while 25% are earning more than 11,800 TTD.


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 Trinidad and Tobago 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 4,290 TTD per month.

While someone with an experience level between two and five years is expected to earn 5,730 TTD 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 8,460 TTD 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 10,300 TTD 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 11,200 TTD 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 12,200 TTD per month, 8% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Trinidad and Tobago

0 - 2 Years
4,290 TTD
2 - 5 Years+34%
5,730 TTD
5 - 10 Years+48%
8,460 TTD
10 - 15 Years+22%
10,300 TTD
15 - 20 Years+9%
11,200 TTD
20+ Years+8%
12,200 TTD
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 Trinidad and Tobago 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 4,890 TTD per month.

While someone with a Bachelor's Degree gets a salary of 7,670 TTD per month, 57% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 12,900 TTD per month, 68% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Trinidad and Tobago

Certificate or Diploma
4,890 TTD
Bachelor's Degree+57%
7,670 TTD
Master's Degree+68%
12,900 TTD
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 Trinidad and Tobago costs anywhere from 48,800 Trinidad and Tobago Dollar(s) to 147,000 Trinidad and Tobago 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 Trinidad and Tobago 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 Trinidad and Tobago earn 9% more than their female counterparts on average.

Male
8,560 TTD
Female-8%
7,870 TTD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Trinidad and Tobago for all Careers

Salary comparison by gender monthly Trinidad and Tobago
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Drilling Engineer Average Annual Salary Increment Percentage in Trinidad and Tobago

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

Drilling Engineer

Drilling Engineer(s) in Trinidad and Tobago 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 Trinidad and Tobago 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.

Trinidad and Tobago / 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 Trinidad and Tobago is 2%.

Annual Increment Rate By Industry 2020

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Trinidad and Tobago 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 Trinidad and Tobago

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Trinidad and Tobago 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
16%
No Bonus
84%

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 Trinidad and Tobago


47 TTD per hour

The average hourly wage (pay per hour) in Trinidad and Tobago is 47 TTD. This means that the average Drilling Engineer in Trinidad and Tobago earns approximately 47 TTD 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 Trinidad and Tobago
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The average salary for Drilling Engineer is 0% 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 Engineer8,230 TTD+0%
Assembly Engineering Technician6,530 TTD-20%
Assistant Chief Engineer9,660 TTD+18%
Associate Engineer8,100 TTD-1%
Autocad Operator5,310 TTD-35%
Automation Engineer9,730 TTD+18%
Avionic System Support Engineer8,430 TTD+3%
Biochemical Engineer8,570 TTD+4%
BMS Engineer8,590 TTD+5%
Bridge and Lock Tender4,620 TTD-44%
Broadcast Engineer9,010 TTD+10%
CAD Design Engineer9,520 TTD+16%
CAD Designer5,320 TTD-35%
CAE Engineer9,000 TTD+10%
Ceramics Engineer8,060 TTD-2%
Civil Engineer9,280 TTD+13%
Commissioning Engineer8,770 TTD+7%
Communications Engineer9,170 TTD+12%
Condition Monitoring Engineer7,470 TTD-9%
Contract Associate Engineer8,730 TTD+6%
Control Systems Engineer9,120 TTD+11%
Controls Engineer8,670 TTD+6%
Controls Software Engineer7,540 TTD-8%
Corrosion Engineer7,750 TTD-6%
Design Engineer9,370 TTD+14%
Drafter5,440 TTD-34%
Drafting Manager10,200 TTD+24%
Drilling Engineer8,210 TTD-0%
Electrical Draughtsman4,320 TTD-47%
Electrical Engineer9,470 TTD+15%
Electrical Engineering Manager12,600 TTD+53%
Electromechanical Engineering Technologist9,910 TTD+21%
Electromechanical Equipment Assembler4,460 TTD-46%
Energy Engineer9,330 TTD+14%
Engine Assembler4,000 TTD-51%
Engineer9,460 TTD+15%
Engineering Account Manager10,000 TTD+22%
Engineering Chief Designer9,710 TTD+18%
Engineering Consultant12,500 TTD+52%
Engineering Key Account Manager12,700 TTD+55%
Engineering Lab Technician8,300 TTD+1%
Engineering Planning Manager12,200 TTD+49%
Engineering Production Manager15,200 TTD+85%
Engineering Project Analyst10,800 TTD+32%
Engineering Project Coordinator 10,500 TTD+28%
Engineering Project Director18,800 TTD+130%
Engineering Project Manager13,000 TTD+58%
Engineering Research and Development Manager14,300 TTD+74%
Engineering Safety Coordinator6,640 TTD-19%
Engineering Sales Manager11,800 TTD+44%
Engineering Technician7,190 TTD-12%
Engineering Technologist6,750 TTD-18%
Environmental Engineer8,940 TTD+9%
Equipment Engineer8,480 TTD+3%
Equipment Engineering Manager11,300 TTD+38%
Estimator7,730 TTD-6%
Fabrication Specialist6,000 TTD-27%
Fabricator3,940 TTD-52%
Facade Engineer8,360 TTD+2%
Fiber Analyst5,000 TTD-39%
Field Engineer9,090 TTD+11%
Field Engineering Manager15,100 TTD+84%
Fire Engineer8,790 TTD+7%
Fitter and Turner2,860 TTD-65%
Forestry Strategic Planner10,800 TTD+32%
Generation Engineer8,770 TTD+7%
Genetic Engineer9,350 TTD+14%
Geological Engineer9,000 TTD+10%
Geotechnical Engineer9,670 TTD+18%
Heavy Equipment Mechanic4,780 TTD-42%
Highway Engineer9,220 TTD+12%
HSE Professional8,390 TTD+2%
HVAC Engineer9,080 TTD+11%
HVAC Supervisor8,160 TTD-1%
Industrial Engineer8,380 TTD+2%
Industrial Engineering Technologist8,680 TTD+6%
Instrument Engineer8,780 TTD+7%
Instrumentation and Control Engineer8,990 TTD+9%
Instrumentation Engineer8,990 TTD+9%
Instrumentation Manager8,450 TTD+3%
Irrigation Engineer8,620 TTD+5%
Licensed Aircraft Engineer9,220 TTD+12%
Locomotive Engineer8,170 TTD-0%
Maintenance Engineer8,470 TTD+3%
Maintenance Fitter3,180 TTD-61%
Maintenance Manager9,150 TTD+11%
Manufacturing Engineer8,870 TTD+8%
Marine Engineer8,530 TTD+4%
Materials Engineer8,480 TTD+3%
Materials Researcher8,070 TTD-2%
Materials Technician6,350 TTD-23%
Mechanical and Electrical Engineer9,320 TTD+14%
Mechanical Design Engineer9,590 TTD+17%
Mechanical Designer7,910 TTD-4%
Mechanical Engineer9,390 TTD+14%
Mechanical Engineering Manager12,600 TTD+53%
Mechanical Inspector8,520 TTD+4%
Mechatronics Engineer9,600 TTD+17%
Mining Engineer9,070 TTD+10%
Oil and Petrochemical Engineer9,200 TTD+12%
Optical Engineer8,990 TTD+9%
Optical Instrument Assembler4,320 TTD-47%
PCB Assembler3,370 TTD-59%
Photonics Engineer9,780 TTD+19%
Photonics Technician8,120 TTD-1%
Pipeline Engineer8,500 TTD+4%
Piping Designer4,650 TTD-43%
Piping Engineer7,990 TTD-3%
Planning Engineer8,750 TTD+7%
Pressure Vessel Inspector4,230 TTD-48%
Principal Cost Engineer9,210 TTD+12%
Principal Engineer9,000 TTD+10%
Principal Support Engineer9,170 TTD+12%
Process Engineer8,510 TTD+4%
Process Operator5,150 TTD-37%
Product Development Engineer9,120 TTD+11%
Product Development Technician6,600 TTD-20%
Product Engineer9,300 TTD+13%
Product Safety Engineer8,060 TTD-2%
Production Engineer8,600 TTD+5%
Project Engineer9,630 TTD+17%
Proposal Manager10,900 TTD+33%
Purchasing Engineer7,850 TTD-4%
Quality Assurance Engineer9,180 TTD+12%
Rail Engineer8,610 TTD+5%
Robotics Engineer10,400 TTD+27%
Robotics Technician6,930 TTD-16%
Safety Engineer8,710 TTD+6%
Safety Inspector7,020 TTD-15%
Safety Manager10,200 TTD+24%
Safety Officer4,650 TTD-43%
Sales Engineer9,330 TTD+14%
Scheduling Engineer7,890 TTD-4%
Service Engineer9,050 TTD+10%
Solar Engineer9,600 TTD+17%
Staff Engineer8,640 TTD+5%
Static Equipment Engineer8,210 TTD-0%
Stationary Engineer8,240 TTD+0%
Stress Engineer7,850 TTD-4%
Structural Analysis Engineer8,440 TTD+3%
Structural Designer8,000 TTD-3%
Structural Engineer8,600 TTD+5%
Structural Technician5,750 TTD-30%
Supply Chain Specialist9,050 TTD+10%
Surveyor6,370 TTD-22%
Technical Affairs Officer4,630 TTD-44%
Technical Assistant4,440 TTD-46%
Technical Engineer7,630 TTD-7%
Technical Support Engineer7,470 TTD-9%
Tender Engineer8,280 TTD+1%
Test Development Engineer8,980 TTD+9%
Transportation Engineer8,430 TTD+3%
Validation Engineer8,080 TTD-2%
Verification Engineer8,010 TTD-2%
Wastewater Engineer8,590 TTD+5%
Wind Energy Engineer9,180 TTD+12%
Wind Energy Operations Manager12,200 TTD+49%
Work Planner5,920 TTD-28%

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 Trinidad and Tobago earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
9,280 TTD
Public Sector+14%
10,600 TTD
Percentage increase and decrease are relative to the previous value

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