A person working as a Drilling Engineer in Belize typically earns around 3,540 BZD per month. Salaries range from 1,730 BZD (lowest) to 5,520 BZD (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 Belize range from 1,730 BZD per month (minimum salary) to 5,520 BZD per month (maximum salary).
The median salary is 3,610 BZD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 3,610 BZD while the other half are earning more than 3,610 BZD. 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 2,410 BZD while 75% of them are earning more than 2,410 BZD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 4,660 BZD while 25% are earning more than 4,660 BZD.
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 2,060 BZD per month.
While someone with an experience level between two and five years is expected to earn 2,640 BZD 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 3,650 BZD per month, 38% 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 4,520 BZD 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 4,840 BZD 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 5,160 BZD per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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 2,640 BZD per month.
While someone with a Bachelor's Degree gets a salary of 3,550 BZD per month, 34% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 5,450 BZD per month, 53% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Belize costs anywhere from 19,600 Belize Dollar(s) to 58,800 Belize 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 Belize earn 9% more than their female counterparts on average.
Drilling Engineer(s) in Belize 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.
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 Belize 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.
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.
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 7% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||3,550 BZD||+0%|
|Assembly Engineering Technician||2,770 BZD||-22%|
|Assistant Chief Engineer||4,110 BZD||+16%|
|Associate Engineer||3,090 BZD||-13%|
|Autocad Operator||2,260 BZD||-36%|
|Automation Engineer||3,740 BZD||+6%|
|Avionic System Support Engineer||3,370 BZD||-5%|
|Biochemical Engineer||3,410 BZD||-4%|
|BMS Engineer||3,330 BZD||-6%|
|Bridge and Lock Tender||1,930 BZD||-45%|
|Broadcast Engineer||3,540 BZD||=|
|CAD Design Engineer||3,550 BZD||+0%|
|CAD Designer||2,200 BZD||-38%|
|CAE Engineer||3,410 BZD||-4%|
|Ceramics Engineer||3,110 BZD||-12%|
|Civil Engineer||3,590 BZD||+1%|
|Commissioning Engineer||3,440 BZD||-3%|
|Communications Engineer||3,990 BZD||+13%|
|Condition Monitoring Engineer||3,180 BZD||-10%|
|Contract Associate Engineer||3,470 BZD||-2%|
|Control Systems Engineer||3,390 BZD||-4%|
|Controls Engineer||3,470 BZD||-2%|
|Controls Software Engineer||3,110 BZD||-12%|
|Corrosion Engineer||3,290 BZD||-7%|
|Design Engineer||3,640 BZD||+3%|
|Drafting Manager||4,130 BZD||+17%|
|Drilling Engineer||3,540 BZD||=|
|Electrical Draughtsman||1,850 BZD||-48%|
|Electrical Engineer||4,090 BZD||+16%|
|Electrical Engineering Manager||4,950 BZD||+40%|
|Electromechanical Engineering Technologist||3,700 BZD||+5%|
|Electromechanical Equipment Assembler||1,850 BZD||-48%|
|Energy Engineer||3,590 BZD||+1%|
|Engine Assembler||1,560 BZD||-56%|
|Engineering Account Manager||4,030 BZD||+14%|
|Engineering Chief Designer||3,850 BZD||+9%|
|Engineering Consultant||4,910 BZD||+39%|
|Engineering Key Account Manager||5,020 BZD||+42%|
|Engineering Lab Technician||3,340 BZD||-6%|
|Engineering Planning Manager||4,780 BZD||+35%|
|Engineering Production Manager||6,580 BZD||+86%|
|Engineering Project Analyst||3,970 BZD||+12%|
|Engineering Project Coordinator||4,310 BZD||+22%|
|Engineering Project Director||7,360 BZD||+110%|
|Engineering Project Manager||5,210 BZD||+47%|
|Engineering Research and Development Manager||5,570 BZD||+57%|
|Engineering Safety Coordinator||2,780 BZD||-21%|
|Engineering Sales Manager||4,860 BZD||+37%|
|Engineering Technician||2,890 BZD||-18%|
|Engineering Technologist||2,800 BZD||-21%|
|Environmental Engineer||3,530 BZD||-0%|
|Equipment Engineer||3,360 BZD||-5%|
|Equipment Engineering Manager||4,480 BZD||+27%|
|Fabrication Specialist||2,430 BZD||-31%|
|Facade Engineer||3,350 BZD||-5%|
|Fiber Analyst||2,100 BZD||-41%|
|Field Engineer||3,620 BZD||+2%|
|Field Engineering Manager||6,010 BZD||+70%|
|Fire Engineer||3,500 BZD||-1%|
|Fitter and Turner||1,140 BZD||-68%|
|Forestry Strategic Planner||4,130 BZD||+17%|
|Generation Engineer||3,460 BZD||-2%|
|Genetic Engineer||3,870 BZD||+9%|
|Geological Engineer||3,810 BZD||+8%|
|Geotechnical Engineer||3,870 BZD||+9%|
|Heavy Equipment Mechanic||1,830 BZD||-48%|
|Highway Engineer||3,700 BZD||+5%|
|HSE Professional||3,290 BZD||-7%|
|HVAC Engineer||3,660 BZD||+3%|
|HVAC Supervisor||3,290 BZD||-7%|
|Industrial Engineer||3,390 BZD||-4%|
|Industrial Engineering Technologist||3,490 BZD||-1%|
|Instrument Engineer||3,330 BZD||-6%|
|Instrumentation and Control Engineer||3,510 BZD||-1%|
|Instrumentation Engineer||3,380 BZD||-5%|
|Instrumentation Manager||3,660 BZD||+3%|
|Irrigation Engineer||3,490 BZD||-1%|
|Licensed Aircraft Engineer||3,940 BZD||+11%|
|Locomotive Engineer||3,560 BZD||+1%|
|Maintenance Engineer||3,440 BZD||-3%|
|Maintenance Fitter||1,300 BZD||-63%|
|Maintenance Manager||3,690 BZD||+4%|
|Manufacturing Engineer||3,270 BZD||-8%|
|Marine Engineer||3,490 BZD||-1%|
|Materials Engineer||3,480 BZD||-2%|
|Materials Researcher||3,350 BZD||-5%|
|Materials Technician||2,530 BZD||-29%|
|Mechanical and Electrical Engineer||3,630 BZD||+3%|
|Mechanical Design Engineer||3,860 BZD||+9%|
|Mechanical Designer||3,190 BZD||-10%|
|Mechanical Engineer||3,860 BZD||+9%|
|Mechanical Engineering Manager||5,200 BZD||+47%|
|Mechanical Inspector||3,540 BZD||=|
|Mechatronics Engineer||3,620 BZD||+2%|
|Mining Engineer||3,540 BZD||=|
|Oil and Petrochemical Engineer||3,820 BZD||+8%|
|Optical Engineer||3,610 BZD||+2%|
|Optical Instrument Assembler||1,740 BZD||-51%|
|PCB Assembler||1,240 BZD||-65%|
|Photonics Engineer||3,760 BZD||+6%|
|Photonics Technician||3,140 BZD||-11%|
|Pipeline Engineer||3,280 BZD||-7%|
|Piping Designer||1,990 BZD||-44%|
|Piping Engineer||3,100 BZD||-12%|
|Planning Engineer||3,550 BZD||+0%|
|Pressure Vessel Inspector||1,710 BZD||-52%|
|Principal Cost Engineer||3,690 BZD||+4%|
|Principal Engineer||3,420 BZD||-3%|
|Principal Support Engineer||3,500 BZD||-1%|
|Process Engineer||3,550 BZD||+0%|
|Process Operator||2,080 BZD||-41%|
|Product Development Engineer||3,810 BZD||+8%|
|Product Development Technician||2,640 BZD||-25%|
|Product Engineer||3,520 BZD||-1%|
|Product Safety Engineer||3,330 BZD||-6%|
|Production Engineer||3,490 BZD||-1%|
|Project Engineer||3,660 BZD||+3%|
|Proposal Manager||4,420 BZD||+25%|
|Purchasing Engineer||3,370 BZD||-5%|
|Quality Assurance Engineer||3,500 BZD||-1%|
|Rail Engineer||3,640 BZD||+3%|
|Robotics Engineer||4,040 BZD||+14%|
|Robotics Technician||2,990 BZD||-16%|
|Safety Engineer||3,690 BZD||+4%|
|Safety Inspector||2,750 BZD||-22%|
|Safety Manager||4,080 BZD||+15%|
|Safety Officer||1,770 BZD||-50%|
|Sales Engineer||3,610 BZD||+2%|
|Scheduling Engineer||3,120 BZD||-12%|
|Service Engineer||3,810 BZD||+8%|
|Solar Engineer||3,650 BZD||+3%|
|Staff Engineer||3,440 BZD||-3%|
|Static Equipment Engineer||3,540 BZD||=|
|Stationary Engineer||3,130 BZD||-12%|
|Stress Engineer||3,260 BZD||-8%|
|Structural Analysis Engineer||3,510 BZD||-1%|
|Structural Designer||3,240 BZD||-8%|
|Structural Engineer||3,590 BZD||+1%|
|Structural Technician||2,180 BZD||-38%|
|Supply Chain Specialist||3,380 BZD||-5%|
|Technical Affairs Officer||1,710 BZD||-52%|
|Technical Assistant||1,830 BZD||-48%|
|Technical Engineer||3,170 BZD||-10%|
|Technical Support Engineer||3,180 BZD||-10%|
|Tender Engineer||3,330 BZD||-6%|
|Test Development Engineer||3,360 BZD||-5%|
|Transportation Engineer||3,240 BZD||-8%|
|Validation Engineer||3,050 BZD||-14%|
|Verification Engineer||3,370 BZD||-5%|
|Wastewater Engineer||3,330 BZD||-6%|
|Wind Energy Engineer||3,640 BZD||+3%|
|Wind Energy Operations Manager||4,860 BZD||+37%|
|Work Planner||2,460 BZD||-31%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Belize earn 21% more than their private sector counterparts on average across all sectors.