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Drilling Engineer Average Salary in Venezuela 2022

How much money does a Drilling Engineer make in Venezuela?

Average Monthly Salary
113,000 VES
( 1,350,000 VES yearly)


A person working as a Drilling Engineer in Venezuela typically earns around 113,000 VES per month. Salaries range from 55,200 VES (lowest) to 176,000 VES (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 Venezuela

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

  • Salary Range

    Drilling Engineer salaries in Venezuela range from 55,200 VES per month (minimum salary) to 176,000 VES per month (maximum salary).

  • Median Salary

    The median salary is 115,000 VES per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 115,000 VES while the other half are earning more than 115,000 VES. 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 76,600 VES while 75% of them are earning more than 76,600 VES. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 148,000 VES while 25% are earning more than 148,000 VES.

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 Venezuela 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 65,500 VES per month.

While someone with an experience level between two and five years is expected to earn 84,200 VES 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 116,000 VES per month, 38% 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 144,000 VES 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 154,000 VES 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 164,000 VES per month, 7% more than people with fifteen to twenty years of experience.

Drilling Engineer average salary change by experience in Venezuela

0 - 2 Years
65,500 VES
2 - 5 Years+29%
84,200 VES
5 - 10 Years+38%
116,000 VES
10 - 15 Years+24%
144,000 VES
15 - 20 Years+7%
154,000 VES
20+ Years+7%
164,000 VES
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 Venezuela 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 84,200 VES per month.

While someone with a Bachelor's Degree gets a salary of 113,000 VES per month, 34% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 173,000 VES per month, 53% more than someone with a Bachelor's Degree.

Drilling Engineer average salary difference by education level in Venezuela

Certificate or Diploma
84,200 VES
Bachelor's Degree+34%
113,000 VES
Master's Degree+53%
173,000 VES
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 Venezuela costs anywhere from 662,000 Bolivar Soberano(s) to 1,990,000 Bolivar Soberano(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 Venezuela 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 Venezuela earn 9% more than their female counterparts on average.

117,000 VES
107,000 VES
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Venezuela for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Venezuela 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 Venezuela 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.

Venezuela / 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 Venezuela is 2%.

Annual Increment Rate By Industry 2021

Information Technology

Listed above are the average annual increase rates for each industry in Venezuela for the year 2021. 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 Venezuela

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

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.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Venezuela

650 VES per hour

The average hourly wage (pay per hour) in Venezuela is 650 VES. This means that the average Drilling Engineer in Venezuela earns approximately 650 VES 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 Venezuela
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The average salary for Drilling Engineer is 1% 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 Engineer115,000 VES+2%
Assembly Engineering Technician91,500 VES-19%
Assistant Chief Engineer137,000 VES+22%
Associate Engineer110,000 VES-2%
Autocad Operator74,400 VES-34%
Automation Engineer120,000 VES+6%
Avionic System Support Engineer108,000 VES-4%
Biochemical Engineer114,000 VES+1%
BMS Engineer106,000 VES-6%
Bridge and Lock Tender65,900 VES-42%
Broadcast Engineer121,000 VES+7%
CAD Design Engineer122,000 VES+8%
CAD Designer76,600 VES-32%
CAE Engineer113,000 VES+0%
Ceramics Engineer105,000 VES-7%
Civil Engineer123,000 VES+9%
Commissioning Engineer116,000 VES+3%
Communications Engineer125,000 VES+11%
Condition Monitoring Engineer106,000 VES-6%
Contract Associate Engineer116,000 VES+3%
Control Systems Engineer118,000 VES+5%
Controls Engineer121,000 VES+7%
Controls Software Engineer99,300 VES-12%
Corrosion Engineer109,000 VES-3%
Design Engineer126,000 VES+12%
Drafter74,000 VES-34%
Drafting Manager141,000 VES+25%
Drilling Engineer113,000 VES+0%
Electrical Draughtsman60,000 VES-47%
Electrical Engineer132,000 VES+17%
Electrical Engineering Manager162,000 VES+44%
Electromechanical Engineering Technologist127,000 VES+13%
Electromechanical Equipment Assembler64,200 VES-43%
Energy Engineer123,000 VES+9%
Engine Assembler52,500 VES-53%
Engineer123,000 VES+9%
Engineering Account Manager138,000 VES+22%
Engineering Chief Designer133,000 VES+18%
Engineering Consultant154,000 VES+37%
Engineering Key Account Manager178,000 VES+58%
Engineering Lab Technician114,000 VES+1%
Engineering Planning Manager170,000 VES+51%
Engineering Production Manager209,000 VES+85%
Engineering Project Analyst141,000 VES+25%
Engineering Project Coordinator 132,000 VES+17%
Engineering Project Director230,000 VES+100%
Engineering Project Manager171,000 VES+52%
Engineering Research and Development Manager188,000 VES+67%
Engineering Safety Coordinator94,800 VES-16%
Engineering Sales Manager158,000 VES+40%
Engineering Technician94,800 VES-16%
Engineering Technologist89,200 VES-21%
Environmental Engineer118,000 VES+5%
Equipment Engineer103,000 VES-9%
Equipment Engineering Manager154,000 VES+37%
Estimator96,900 VES-14%
Fabrication Specialist87,800 VES-22%
Fabricator52,900 VES-53%
Facade Engineer113,000 VES+0%
Fiber Analyst65,600 VES-42%
Field Engineer126,000 VES+12%
Field Engineering Manager192,000 VES+70%
Fire Engineer122,000 VES+8%
Fitter and Turner36,500 VES-68%
Forestry Strategic Planner137,000 VES+22%
Generation Engineer121,000 VES+7%
Genetic Engineer135,000 VES+20%
Geological Engineer117,000 VES+4%
Geotechnical Engineer125,000 VES+11%
Heavy Equipment Mechanic63,900 VES-43%
Highway Engineer122,000 VES+8%
HSE Professional111,000 VES-2%
HVAC Engineer122,000 VES+8%
HVAC Supervisor103,000 VES-9%
Industrial Engineer114,000 VES+1%
Industrial Engineering Technologist111,000 VES-2%
Instrument Engineer117,000 VES+4%
Instrumentation and Control Engineer120,000 VES+6%
Instrumentation Engineer112,000 VES-1%
Instrumentation Manager116,000 VES+3%
Irrigation Engineer119,000 VES+6%
Licensed Aircraft Engineer130,000 VES+15%
Locomotive Engineer111,000 VES-2%
Maintenance Engineer108,000 VES-4%
Maintenance Fitter39,900 VES-65%
Maintenance Manager119,000 VES+6%
Manufacturing Engineer115,000 VES+2%
Marine Engineer124,000 VES+10%
Materials Engineer113,000 VES+0%
Materials Researcher107,000 VES-5%
Materials Technician88,200 VES-22%
Mechanical and Electrical Engineer131,000 VES+16%
Mechanical Design Engineer123,000 VES+9%
Mechanical Designer103,000 VES-9%
Mechanical Engineer127,000 VES+13%
Mechanical Engineering Manager173,000 VES+54%
Mechanical Inspector115,000 VES+2%
Mechatronics Engineer131,000 VES+16%
Mining Engineer121,000 VES+7%
Oil and Petrochemical Engineer131,000 VES+16%
Optical Engineer118,000 VES+5%
Optical Instrument Assembler57,900 VES-49%
PCB Assembler44,100 VES-61%
Photonics Engineer129,000 VES+14%
Photonics Technician109,000 VES-3%
Pipeline Engineer106,000 VES-6%
Piping Designer65,300 VES-42%
Piping Engineer103,000 VES-9%
Planning Engineer118,000 VES+5%
Pressure Vessel Inspector53,500 VES-53%
Principal Cost Engineer119,000 VES+6%
Principal Engineer120,000 VES+6%
Principal Support Engineer124,000 VES+10%
Process Engineer111,000 VES-2%
Process Operator70,000 VES-38%
Product Development Engineer121,000 VES+7%
Product Development Technician85,600 VES-24%
Product Engineer125,000 VES+11%
Product Safety Engineer116,000 VES+3%
Production Engineer116,000 VES+3%
Project Engineer119,000 VES+6%
Proposal Manager160,000 VES+42%
Purchasing Engineer109,000 VES-3%
Quality Assurance Engineer116,000 VES+3%
Rail Engineer122,000 VES+8%
Robotics Engineer140,000 VES+24%
Robotics Technician95,100 VES-16%
Safety Engineer113,000 VES+0%
Safety Inspector92,500 VES-18%
Safety Manager138,000 VES+22%
Safety Officer62,000 VES-45%
Sales Engineer120,000 VES+6%
Scheduling Engineer109,000 VES-3%
Service Engineer130,000 VES+15%
Solar Engineer128,000 VES+14%
Staff Engineer120,000 VES+6%
Static Equipment Engineer113,000 VES+0%
Stationary Engineer102,000 VES-9%
Stress Engineer112,000 VES-1%
Structural Analysis Engineer110,000 VES-2%
Structural Designer103,000 VES-9%
Structural Engineer114,000 VES+1%
Structural Technician77,500 VES-31%
Supply Chain Specialist116,000 VES+3%
Surveyor89,900 VES-20%
Technical Affairs Officer59,100 VES-48%
Technical Assistant59,400 VES-47%
Technical Engineer103,000 VES-9%
Technical Support Engineer106,000 VES-6%
Tender Engineer109,000 VES-3%
Test Development Engineer114,000 VES+1%
Transportation Engineer111,000 VES-2%
Validation Engineer110,000 VES-2%
Verification Engineer113,000 VES+0%
Wastewater Engineer111,000 VES-2%
Wind Energy Engineer120,000 VES+6%
Wind Energy Operations Manager162,000 VES+44%
Work Planner84,200 VES-25%

Salary Comparison By City

CityAverage Salary
Barquisimeto116,000 VES
Caracas121,000 VES
Ciudad Guayana103,000 VES
Maracaibo122,000 VES

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 Venezuela earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
124,000 VES
Public Sector+11%
138,000 VES
Percentage increase and decrease are relative to the previous value

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