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Drilling Engineer Average Salary in Vanautu 2021

How much money does a Drilling Engineer make in Vanautu?


Average Monthly Salary
83,100 VUV
( 998,000 VUV yearly)

LOW
43,200
VUV
AVERAGE
83,100
VUV
HIGH
127,000
VUV

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 Salary Distribution in Vanautu

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

  • Salary Range

    Drilling Engineer salaries in Vanautu range from 43,200 VUV per month (minimum salary) to 127,000 VUV per month (maximum salary).

  • Median 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.

  • 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 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.


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 Vanautu 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 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.

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 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.


Drilling Engineer average salary change by experience in Vanautu

0 - 2 Years
49,100 VUV
2 - 5 Years+34%
65,900 VUV
5 - 10 Years+30%
85,600 VUV
10 - 15 Years+21%
104,000 VUV
15 - 20 Years+9%
113,000 VUV
20+ Years+5%
119,000 VUV
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 Vanautu 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 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.


Drilling Engineer average salary difference by education level in Vanautu

Certificate or Diploma
58,400 VUV
Bachelor's Degree+52%
88,600 VUV
Master's Degree+42%
126,000 VUV
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 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.


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 Vanautu 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 Vanautu earn 11% more than their female counterparts on average.

Male
88,500 VUV
Female-10%
79,600 VUV
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Vanautu for all Careers

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

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

Drilling Engineer

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.

Annual Salary Increment Rate Vanautu 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.

Vanautu / 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 Vanautu 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 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.


Worldwide Salary Raises: All Countries and All Jobs

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Drilling Engineer Bonus and Incentive Rates in Vanautu

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


480 VUV per hour

The average hourly wage (pay per hour) in Vanautu is 480 VUV. This means that the average Drilling Engineer in Vanautu earns approximately 480 VUV 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 Vanautu
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The average salary for Drilling Engineer is 1% 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 Engineer84,500 VUV+2%
Assembly Engineering Technician68,200 VUV-18%
Assistant Chief Engineer102,000 VUV+23%
Associate Engineer82,100 VUV-1%
Autocad Operator55,400 VUV-33%
Automation Engineer95,400 VUV+15%
Avionic System Support Engineer86,400 VUV+4%
Biochemical Engineer80,300 VUV-3%
BMS Engineer81,400 VUV-2%
Bridge and Lock Tender49,600 VUV-40%
Broadcast Engineer82,800 VUV-0%
CAD Design Engineer89,700 VUV+8%
CAD Designer56,200 VUV-32%
CAE Engineer90,900 VUV+9%
Ceramics Engineer78,200 VUV-6%
Civil Engineer91,300 VUV+10%
Commissioning Engineer87,900 VUV+6%
Communications Engineer94,600 VUV+14%
Condition Monitoring Engineer78,900 VUV-5%
Contract Associate Engineer81,700 VUV-2%
Control Systems Engineer90,100 VUV+8%
Controls Engineer84,600 VUV+2%
Controls Software Engineer75,600 VUV-9%
Corrosion Engineer80,900 VUV-3%
Design Engineer93,600 VUV+13%
Drafter53,300 VUV-36%
Drafting Manager101,000 VUV+21%
Drilling Engineer83,100 VUV-0%
Electrical Draughtsman45,900 VUV-45%
Electrical Engineer97,200 VUV+17%
Electrical Engineering Manager131,000 VUV+58%
Electromechanical Engineering Technologist93,300 VUV+12%
Electromechanical Equipment Assembler47,100 VUV-43%
Energy Engineer95,000 VUV+14%
Engine Assembler41,400 VUV-50%
Engineer90,300 VUV+9%
Engineering Account Manager103,000 VUV+24%
Engineering Chief Designer96,700 VUV+16%
Engineering Consultant121,000 VUV+46%
Engineering Key Account Manager121,000 VUV+46%
Engineering Lab Technician85,300 VUV+3%
Engineering Planning Manager121,000 VUV+46%
Engineering Production Manager164,000 VUV+97%
Engineering Project Analyst105,000 VUV+26%
Engineering Project Coordinator 108,000 VUV+30%
Engineering Project Director181,000 VUV+120%
Engineering Project Manager124,000 VUV+49%
Engineering Research and Development Manager148,000 VUV+78%
Engineering Safety Coordinator71,300 VUV-14%
Engineering Sales Manager125,000 VUV+50%
Engineering Technician68,600 VUV-17%
Engineering Technologist72,200 VUV-13%
Environmental Engineer86,700 VUV+4%
Equipment Engineer83,300 VUV+0%
Equipment Engineering Manager113,000 VUV+36%
Estimator74,200 VUV-11%
Fabrication Specialist61,200 VUV-26%
Fabricator40,700 VUV-51%
Facade Engineer84,800 VUV+2%
Fiber Analyst49,300 VUV-41%
Field Engineer91,800 VUV+10%
Field Engineering Manager154,000 VUV+85%
Fire Engineer88,800 VUV+7%
Fitter and Turner29,300 VUV-65%
Forestry Strategic Planner106,000 VUV+27%
Generation Engineer91,600 VUV+10%
Genetic Engineer98,800 VUV+19%
Geological Engineer90,400 VUV+9%
Geotechnical Engineer90,800 VUV+9%
Heavy Equipment Mechanic46,200 VUV-44%
Highway Engineer88,000 VUV+6%
HSE Professional84,100 VUV+1%
HVAC Engineer97,100 VUV+17%
HVAC Supervisor85,000 VUV+2%
Industrial Engineer82,100 VUV-1%
Industrial Engineering Technologist85,900 VUV+3%
Instrument Engineer87,800 VUV+6%
Instrumentation and Control Engineer85,600 VUV+3%
Instrumentation Engineer84,900 VUV+2%
Instrumentation Manager91,300 VUV+10%
Irrigation Engineer85,600 VUV+3%
Licensed Aircraft Engineer93,000 VUV+12%
Locomotive Engineer84,200 VUV+1%
Maintenance Engineer85,400 VUV+3%
Maintenance Fitter30,600 VUV-63%
Maintenance Manager91,900 VUV+11%
Manufacturing Engineer82,000 VUV-1%
Marine Engineer88,500 VUV+6%
Materials Engineer89,200 VUV+7%
Materials Researcher86,300 VUV+4%
Materials Technician64,200 VUV-23%
Mechanical and Electrical Engineer90,800 VUV+9%
Mechanical Design Engineer95,000 VUV+14%
Mechanical Designer79,400 VUV-5%
Mechanical Engineer90,500 VUV+9%
Mechanical Engineering Manager123,000 VUV+48%
Mechanical Inspector83,700 VUV+1%
Mechatronics Engineer95,600 VUV+15%
Mining Engineer86,300 VUV+4%
Oil and Petrochemical Engineer92,600 VUV+11%
Optical Engineer85,700 VUV+3%
Optical Instrument Assembler46,200 VUV-44%
PCB Assembler32,700 VUV-61%
Photonics Engineer99,500 VUV+20%
Photonics Technician75,800 VUV-9%
Pipeline Engineer84,500 VUV+2%
Piping Designer46,800 VUV-44%
Piping Engineer81,700 VUV-2%
Planning Engineer90,400 VUV+9%
Pressure Vessel Inspector44,100 VUV-47%
Principal Cost Engineer86,500 VUV+4%
Principal Engineer90,000 VUV+8%
Principal Support Engineer93,000 VUV+12%
Process Engineer86,900 VUV+5%
Process Operator50,400 VUV-39%
Product Development Engineer94,400 VUV+14%
Product Development Technician62,000 VUV-25%
Product Engineer88,200 VUV+6%
Product Safety Engineer85,100 VUV+2%
Production Engineer88,900 VUV+7%
Project Engineer92,700 VUV+11%
Proposal Manager111,000 VUV+34%
Purchasing Engineer83,400 VUV+0%
Quality Assurance Engineer89,700 VUV+8%
Rail Engineer85,200 VUV+2%
Robotics Engineer104,000 VUV+25%
Robotics Technician70,100 VUV-16%
Safety Engineer87,400 VUV+5%
Safety Inspector70,300 VUV-15%
Safety Manager103,000 VUV+24%
Safety Officer46,500 VUV-44%
Sales Engineer95,400 VUV+15%
Scheduling Engineer82,500 VUV-1%
Service Engineer94,000 VUV+13%
Solar Engineer96,000 VUV+15%
Staff Engineer87,300 VUV+5%
Static Equipment Engineer83,100 VUV-0%
Stationary Engineer79,400 VUV-5%
Stress Engineer79,000 VUV-5%
Structural Analysis Engineer86,100 VUV+4%
Structural Designer76,600 VUV-8%
Structural Engineer89,000 VUV+7%
Structural Technician54,500 VUV-34%
Supply Chain Specialist85,300 VUV+3%
Surveyor65,300 VUV-21%
Technical Affairs Officer45,100 VUV-46%
Technical Assistant45,100 VUV-46%
Technical Engineer74,900 VUV-10%
Technical Support Engineer78,900 VUV-5%
Tender Engineer79,000 VUV-5%
Test Development Engineer89,100 VUV+7%
Transportation Engineer85,800 VUV+3%
Validation Engineer80,500 VUV-3%
Verification Engineer82,200 VUV-1%
Wastewater Engineer87,800 VUV+6%
Wind Energy Engineer93,600 VUV+13%
Wind Energy Operations Manager115,000 VUV+38%
Work Planner59,600 VUV-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 Vanautu earn 17% more than their private sector counterparts on average across all sectors.

Private Sector
92,200 VUV
Public Sector+17%
108,000 VUV
Percentage increase and decrease are relative to the previous value

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