Drilling Engineer Average Salary in Venezuela 2022
How much money does a Drilling Engineer make in Venezuela?
LOW
55,200
VES AVERAGE
113,000
VES HIGH
176,000
VES
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
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?
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.
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 |
Typical Salary Progress for Most Careers
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.
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 |
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
Drilling Engineer Salary Comparison By Gender
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.
| Male | 117,000 VES | |
| Female | -8% | 107,000 VES |
Salary Comparison By Gender in Venezuela for all Careers
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.
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
Annual Increment Rate By Industry 2021
| Banking | 1% | |
| Energy | 2% | |
| Information Technology | 3% | |
| Healthcare | 4% | |
| Travel | 5% | |
| Construction | 6% | |
| Education | 7% |
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
Drilling Engineer Bonus and Incentive Rates in Venezuela
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/venezuela/engineering/drilling-engineer/annual-salary-bonus-rate-venezuela-drilling-engineer.jpg
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 | 13% | |
| No Bonus | 87% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 hourThe 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.
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
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 Title | Average Salary |
| Acoustics Engineer | 115,000 VES |  +2% |
| Assembly Engineering Technician | 91,500 VES |  -19% |
| Assistant Chief Engineer | 137,000 VES | +22% |
| Associate Engineer | 110,000 VES | -2% |
| Autocad Operator | 74,400 VES | -34% |
| Automation Engineer | 120,000 VES | +6% |
| Avionic System Support Engineer | 108,000 VES | -4% |
| Biochemical Engineer | 114,000 VES | +1% |
| BMS Engineer | 106,000 VES | -6% |
| Bridge and Lock Tender | 65,900 VES | -42% |
| Broadcast Engineer | 121,000 VES | +7% |
| CAD Design Engineer | 122,000 VES | +8% |
| CAD Designer | 76,600 VES | -32% |
| CAE Engineer | 113,000 VES | +0% |
| Ceramics Engineer | 105,000 VES | -7% |
| Civil Engineer | 123,000 VES | +9% |
| Commissioning Engineer | 116,000 VES | +3% |
| Communications Engineer | 125,000 VES | +11% |
| Condition Monitoring Engineer | 106,000 VES | -6% |
| Contract Associate Engineer | 116,000 VES | +3% |
| Control Systems Engineer | 118,000 VES | +5% |
| Controls Engineer | 121,000 VES | +7% |
| Controls Software Engineer | 99,300 VES | -12% |
| Corrosion Engineer | 109,000 VES | -3% |
| Design Engineer | 126,000 VES | +12% |
| Drafter | 74,000 VES | -34% |
| Drafting Manager | 141,000 VES | +25% |
| Drilling Engineer | 113,000 VES | +0% |
| Electrical Draughtsman | 60,000 VES | -47% |
| Electrical Engineer | 132,000 VES | +17% |
| Electrical Engineering Manager | 162,000 VES | +44% |
| Electromechanical Engineering Technologist | 127,000 VES | +13% |
| Electromechanical Equipment Assembler | 64,200 VES | -43% |
| Energy Engineer | 123,000 VES | +9% |
| Engine Assembler | 52,500 VES | -53% |
| Engineer | 123,000 VES | +9% |
| Engineering Account Manager | 138,000 VES | +22% |
| Engineering Chief Designer | 133,000 VES | +18% |
| Engineering Consultant | 154,000 VES | +37% |
| Engineering Key Account Manager | 178,000 VES | +58% |
| Engineering Lab Technician | 114,000 VES | +1% |
| Engineering Planning Manager | 170,000 VES | +51% |
| Engineering Production Manager | 209,000 VES | +85% |
| Engineering Project Analyst | 141,000 VES | +25% |
| Engineering Project Coordinator | 132,000 VES | +17% |
| Engineering Project Director | 230,000 VES | +100% |
| Engineering Project Manager | 171,000 VES | +52% |
| Engineering Research and Development Manager | 188,000 VES | +67% |
| Engineering Safety Coordinator | 94,800 VES | -16% |
| Engineering Sales Manager | 158,000 VES | +40% |
| Engineering Technician | 94,800 VES | -16% |
| Engineering Technologist | 89,200 VES | -21% |
| Environmental Engineer | 118,000 VES | +5% |
| Equipment Engineer | 103,000 VES | -9% |
| Equipment Engineering Manager | 154,000 VES | +37% |
| Estimator | 96,900 VES | -14% |
| Fabrication Specialist | 87,800 VES | -22% |
| Fabricator | 52,900 VES | -53% |
| Facade Engineer | 113,000 VES | +0% |
| Fiber Analyst | 65,600 VES | -42% |
| Field Engineer | 126,000 VES | +12% |
| Field Engineering Manager | 192,000 VES | +70% |
| Fire Engineer | 122,000 VES | +8% |
| Fitter and Turner | 36,500 VES | -68% |
| Forestry Strategic Planner | 137,000 VES | +22% |
| Generation Engineer | 121,000 VES | +7% |
| Genetic Engineer | 135,000 VES | +20% |
| Geological Engineer | 117,000 VES | +4% |
| Geotechnical Engineer | 125,000 VES | +11% |
| Heavy Equipment Mechanic | 63,900 VES | -43% |
| Highway Engineer | 122,000 VES | +8% |
| HSE Professional | 111,000 VES | -2% |
| HVAC Engineer | 122,000 VES | +8% |
| HVAC Supervisor | 103,000 VES | -9% |
| Industrial Engineer | 114,000 VES | +1% |
| Industrial Engineering Technologist | 111,000 VES | -2% |
| Instrument Engineer | 117,000 VES | +4% |
| Instrumentation and Control Engineer | 120,000 VES | +6% |
| Instrumentation Engineer | 112,000 VES | -1% |
| Instrumentation Manager | 116,000 VES | +3% |
| Irrigation Engineer | 119,000 VES | +6% |
| Licensed Aircraft Engineer | 130,000 VES | +15% |
| Locomotive Engineer | 111,000 VES | -2% |
| Maintenance Engineer | 108,000 VES | -4% |
| Maintenance Fitter | 39,900 VES | -65% |
| Maintenance Manager | 119,000 VES | +6% |
| Manufacturing Engineer | 115,000 VES | +2% |
| Marine Engineer | 124,000 VES | +10% |
| Materials Engineer | 113,000 VES | +0% |
| Materials Researcher | 107,000 VES | -5% |
| Materials Technician | 88,200 VES | -22% |
| Mechanical and Electrical Engineer | 131,000 VES | +16% |
| Mechanical Design Engineer | 123,000 VES | +9% |
| Mechanical Designer | 103,000 VES | -9% |
| Mechanical Engineer | 127,000 VES | +13% |
| Mechanical Engineering Manager | 173,000 VES | +54% |
| Mechanical Inspector | 115,000 VES | +2% |
| Mechatronics Engineer | 131,000 VES | +16% |
| Mining Engineer | 121,000 VES | +7% |
| Oil and Petrochemical Engineer | 131,000 VES | +16% |
| Optical Engineer | 118,000 VES | +5% |
| Optical Instrument Assembler | 57,900 VES | -49% |
| PCB Assembler | 44,100 VES | -61% |
| Photonics Engineer | 129,000 VES | +14% |
| Photonics Technician | 109,000 VES | -3% |
| Pipeline Engineer | 106,000 VES | -6% |
| Piping Designer | 65,300 VES | -42% |
| Piping Engineer | 103,000 VES | -9% |
| Planning Engineer | 118,000 VES | +5% |
| Pressure Vessel Inspector | 53,500 VES | -53% |
| Principal Cost Engineer | 119,000 VES | +6% |
| Principal Engineer | 120,000 VES | +6% |
| Principal Support Engineer | 124,000 VES | +10% |
| Process Engineer | 111,000 VES | -2% |
| Process Operator | 70,000 VES | -38% |
| Product Development Engineer | 121,000 VES | +7% |
| Product Development Technician | 85,600 VES | -24% |
| Product Engineer | 125,000 VES | +11% |
| Product Safety Engineer | 116,000 VES | +3% |
| Production Engineer | 116,000 VES | +3% |
| Project Engineer | 119,000 VES | +6% |
| Proposal Manager | 160,000 VES | +42% |
| Purchasing Engineer | 109,000 VES | -3% |
| Quality Assurance Engineer | 116,000 VES | +3% |
| Rail Engineer | 122,000 VES | +8% |
| Robotics Engineer | 140,000 VES | +24% |
| Robotics Technician | 95,100 VES | -16% |
| Safety Engineer | 113,000 VES | +0% |
| Safety Inspector | 92,500 VES | -18% |
| Safety Manager | 138,000 VES | +22% |
| Safety Officer | 62,000 VES | -45% |
| Sales Engineer | 120,000 VES | +6% |
| Scheduling Engineer | 109,000 VES | -3% |
| Service Engineer | 130,000 VES | +15% |
| Solar Engineer | 128,000 VES | +14% |
| Staff Engineer | 120,000 VES | +6% |
| Static Equipment Engineer | 113,000 VES | +0% |
| Stationary Engineer | 102,000 VES | -9% |
| Stress Engineer | 112,000 VES | -1% |
| Structural Analysis Engineer | 110,000 VES | -2% |
| Structural Designer | 103,000 VES | -9% |
| Structural Engineer | 114,000 VES | +1% |
| Structural Technician | 77,500 VES | -31% |
| Supply Chain Specialist | 116,000 VES | +3% |
| Surveyor | 89,900 VES | -20% |
| Technical Affairs Officer | 59,100 VES | -48% |
| Technical Assistant | 59,400 VES | -47% |
| Technical Engineer | 103,000 VES | -9% |
| Technical Support Engineer | 106,000 VES | -6% |
| Tender Engineer | 109,000 VES | -3% |
| Test Development Engineer | 114,000 VES | +1% |
| Transportation Engineer | 111,000 VES | -2% |
| Validation Engineer | 110,000 VES | -2% |
| Verification Engineer | 113,000 VES | +0% |
| Wastewater Engineer | 111,000 VES | -2% |
| Wind Energy Engineer | 120,000 VES | +6% |
| Wind Energy Operations Manager | 162,000 VES | +44% |
| Work Planner | 84,200 VES | -25% |
Salary Comparison By City
| City | Average Salary |
| Barquisimeto | 116,000 VES |
| Caracas | 121,000 VES |
| Ciudad Guayana | 103,000 VES |
| Maracaibo | 122,000 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 |
