A person working as a Drilling Engineer in Vanautu typically earns around 83,100 VUV per month. Salaries range from 43,200 VUV (lowest) to 127,000 VUV (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 Vanautu range from 43,200 VUV per month (minimum salary) to 127,000 VUV per month (maximum salary).
The median salary is 79,800 VUV per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 79,800 VUV while the other half are earning more than 79,800 VUV. 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 55,400 VUV while 75% of them are earning more than 55,400 VUV. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 99,400 VUV while 25% are earning more than 99,400 VUV.
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 49,100 VUV per month.
While someone with an experience level between two and five years is expected to earn 65,900 VUV 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 85,600 VUV per month, 30% 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 104,000 VUV 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 113,000 VUV 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 119,000 VUV per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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 58,400 VUV per month.
While someone with a Bachelor's Degree gets a salary of 88,600 VUV per month, 52% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 126,000 VUV per month, 42% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Vanautu costs anywhere from 495,000 Vatu(s) to 1,490,000 Vatu(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 Vanautu earn 11% more than their female counterparts on average.
Drilling Engineer(s) in Vanautu 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.
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 Vanautu 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.
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.
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 1% less than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||84,500 VUV||+2%|
|Assembly Engineering Technician||68,200 VUV||-18%|
|Assistant Chief Engineer||102,000 VUV||+23%|
|Associate Engineer||82,100 VUV||-1%|
|Autocad Operator||55,400 VUV||-33%|
|Automation Engineer||95,400 VUV||+15%|
|Avionic System Support Engineer||86,400 VUV||+4%|
|Biochemical Engineer||80,300 VUV||-3%|
|BMS Engineer||81,400 VUV||-2%|
|Bridge and Lock Tender||49,600 VUV||-40%|
|Broadcast Engineer||82,800 VUV||-0%|
|CAD Design Engineer||89,700 VUV||+8%|
|CAD Designer||56,200 VUV||-32%|
|CAE Engineer||90,900 VUV||+9%|
|Ceramics Engineer||78,200 VUV||-6%|
|Civil Engineer||91,300 VUV||+10%|
|Commissioning Engineer||87,900 VUV||+6%|
|Communications Engineer||94,600 VUV||+14%|
|Condition Monitoring Engineer||78,900 VUV||-5%|
|Contract Associate Engineer||81,700 VUV||-2%|
|Control Systems Engineer||90,100 VUV||+8%|
|Controls Engineer||84,600 VUV||+2%|
|Controls Software Engineer||75,600 VUV||-9%|
|Corrosion Engineer||80,900 VUV||-3%|
|Design Engineer||93,600 VUV||+13%|
|Drafting Manager||101,000 VUV||+21%|
|Drilling Engineer||83,100 VUV||-0%|
|Electrical Draughtsman||45,900 VUV||-45%|
|Electrical Engineer||97,200 VUV||+17%|
|Electrical Engineering Manager||131,000 VUV||+58%|
|Electromechanical Engineering Technologist||93,300 VUV||+12%|
|Electromechanical Equipment Assembler||47,100 VUV||-43%|
|Energy Engineer||95,000 VUV||+14%|
|Engine Assembler||41,400 VUV||-50%|
|Engineering Account Manager||103,000 VUV||+24%|
|Engineering Chief Designer||96,700 VUV||+16%|
|Engineering Consultant||121,000 VUV||+46%|
|Engineering Key Account Manager||121,000 VUV||+46%|
|Engineering Lab Technician||85,300 VUV||+3%|
|Engineering Planning Manager||121,000 VUV||+46%|
|Engineering Production Manager||164,000 VUV||+97%|
|Engineering Project Analyst||105,000 VUV||+26%|
|Engineering Project Coordinator||108,000 VUV||+30%|
|Engineering Project Director||181,000 VUV||+120%|
|Engineering Project Manager||124,000 VUV||+49%|
|Engineering Research and Development Manager||148,000 VUV||+78%|
|Engineering Safety Coordinator||71,300 VUV||-14%|
|Engineering Sales Manager||125,000 VUV||+50%|
|Engineering Technician||68,600 VUV||-17%|
|Engineering Technologist||72,200 VUV||-13%|
|Environmental Engineer||86,700 VUV||+4%|
|Equipment Engineer||83,300 VUV||+0%|
|Equipment Engineering Manager||113,000 VUV||+36%|
|Fabrication Specialist||61,200 VUV||-26%|
|Facade Engineer||84,800 VUV||+2%|
|Fiber Analyst||49,300 VUV||-41%|
|Field Engineer||91,800 VUV||+10%|
|Field Engineering Manager||154,000 VUV||+85%|
|Fire Engineer||88,800 VUV||+7%|
|Fitter and Turner||29,300 VUV||-65%|
|Forestry Strategic Planner||106,000 VUV||+27%|
|Generation Engineer||91,600 VUV||+10%|
|Genetic Engineer||98,800 VUV||+19%|
|Geological Engineer||90,400 VUV||+9%|
|Geotechnical Engineer||90,800 VUV||+9%|
|Heavy Equipment Mechanic||46,200 VUV||-44%|
|Highway Engineer||88,000 VUV||+6%|
|HSE Professional||84,100 VUV||+1%|
|HVAC Engineer||97,100 VUV||+17%|
|HVAC Supervisor||85,000 VUV||+2%|
|Industrial Engineer||82,100 VUV||-1%|
|Industrial Engineering Technologist||85,900 VUV||+3%|
|Instrument Engineer||87,800 VUV||+6%|
|Instrumentation and Control Engineer||85,600 VUV||+3%|
|Instrumentation Engineer||84,900 VUV||+2%|
|Instrumentation Manager||91,300 VUV||+10%|
|Irrigation Engineer||85,600 VUV||+3%|
|Licensed Aircraft Engineer||93,000 VUV||+12%|
|Locomotive Engineer||84,200 VUV||+1%|
|Maintenance Engineer||85,400 VUV||+3%|
|Maintenance Fitter||30,600 VUV||-63%|
|Maintenance Manager||91,900 VUV||+11%|
|Manufacturing Engineer||82,000 VUV||-1%|
|Marine Engineer||88,500 VUV||+6%|
|Materials Engineer||89,200 VUV||+7%|
|Materials Researcher||86,300 VUV||+4%|
|Materials Technician||64,200 VUV||-23%|
|Mechanical and Electrical Engineer||90,800 VUV||+9%|
|Mechanical Design Engineer||95,000 VUV||+14%|
|Mechanical Designer||79,400 VUV||-5%|
|Mechanical Engineer||90,500 VUV||+9%|
|Mechanical Engineering Manager||123,000 VUV||+48%|
|Mechanical Inspector||83,700 VUV||+1%|
|Mechatronics Engineer||95,600 VUV||+15%|
|Mining Engineer||86,300 VUV||+4%|
|Oil and Petrochemical Engineer||92,600 VUV||+11%|
|Optical Engineer||85,700 VUV||+3%|
|Optical Instrument Assembler||46,200 VUV||-44%|
|PCB Assembler||32,700 VUV||-61%|
|Photonics Engineer||99,500 VUV||+20%|
|Photonics Technician||75,800 VUV||-9%|
|Pipeline Engineer||84,500 VUV||+2%|
|Piping Designer||46,800 VUV||-44%|
|Piping Engineer||81,700 VUV||-2%|
|Planning Engineer||90,400 VUV||+9%|
|Pressure Vessel Inspector||44,100 VUV||-47%|
|Principal Cost Engineer||86,500 VUV||+4%|
|Principal Engineer||90,000 VUV||+8%|
|Principal Support Engineer||93,000 VUV||+12%|
|Process Engineer||86,900 VUV||+5%|
|Process Operator||50,400 VUV||-39%|
|Product Development Engineer||94,400 VUV||+14%|
|Product Development Technician||62,000 VUV||-25%|
|Product Engineer||88,200 VUV||+6%|
|Product Safety Engineer||85,100 VUV||+2%|
|Production Engineer||88,900 VUV||+7%|
|Project Engineer||92,700 VUV||+11%|
|Proposal Manager||111,000 VUV||+34%|
|Purchasing Engineer||83,400 VUV||+0%|
|Quality Assurance Engineer||89,700 VUV||+8%|
|Rail Engineer||85,200 VUV||+2%|
|Robotics Engineer||104,000 VUV||+25%|
|Robotics Technician||70,100 VUV||-16%|
|Safety Engineer||87,400 VUV||+5%|
|Safety Inspector||70,300 VUV||-15%|
|Safety Manager||103,000 VUV||+24%|
|Safety Officer||46,500 VUV||-44%|
|Sales Engineer||95,400 VUV||+15%|
|Scheduling Engineer||82,500 VUV||-1%|
|Service Engineer||94,000 VUV||+13%|
|Solar Engineer||96,000 VUV||+15%|
|Staff Engineer||87,300 VUV||+5%|
|Static Equipment Engineer||83,100 VUV||-0%|
|Stationary Engineer||79,400 VUV||-5%|
|Stress Engineer||79,000 VUV||-5%|
|Structural Analysis Engineer||86,100 VUV||+4%|
|Structural Designer||76,600 VUV||-8%|
|Structural Engineer||89,000 VUV||+7%|
|Structural Technician||54,500 VUV||-34%|
|Supply Chain Specialist||85,300 VUV||+3%|
|Technical Affairs Officer||45,100 VUV||-46%|
|Technical Assistant||45,100 VUV||-46%|
|Technical Engineer||74,900 VUV||-10%|
|Technical Support Engineer||78,900 VUV||-5%|
|Tender Engineer||79,000 VUV||-5%|
|Test Development Engineer||89,100 VUV||+7%|
|Transportation Engineer||85,800 VUV||+3%|
|Validation Engineer||80,500 VUV||-3%|
|Verification Engineer||82,200 VUV||-1%|
|Wastewater Engineer||87,800 VUV||+6%|
|Wind Energy Engineer||93,600 VUV||+13%|
|Wind Energy Operations Manager||115,000 VUV||+38%|
|Work Planner||59,600 VUV||-28%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Vanautu earn 17% more than their private sector counterparts on average across all sectors.