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Drilling Engineer Average Salary in Virgin Islands (British) 2021

How much money does a Drilling Engineer make in Virgin Islands (British)?


Average Monthly Salary
1,580 USD
( 19,000 USD yearly)

LOW
730
USD
AVERAGE
1,580
USD
HIGH
2,510
USD

A person working as a Drilling Engineer in Virgin Islands (British) typically earns around 1,580 USD per month. Salaries range from 730 USD (lowest) to 2,510 USD (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 Virgin Islands (British)

Median and salary distribution monthly Virgin Islands (British) Drilling Engineer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Drilling Engineer salaries in Virgin Islands (British) range from 730 USD per month (minimum salary) to 2,510 USD per month (maximum salary).

  • Median Salary

    The median salary is 1,710 USD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 1,710 USD while the other half are earning more than 1,710 USD. 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 1,100 USD while 75% of them are earning more than 1,100 USD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 2,280 USD while 25% are earning more than 2,280 USD.


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 Virgin Islands (British) 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 830 USD per month.

While someone with an experience level between two and five years is expected to earn 1,100 USD 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 1,630 USD per month, 48% 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 1,990 USD per month, 22% 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 2,170 USD 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 2,340 USD per month, 8% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Virgin Islands (British)

0 - 2 Years
830 USD
2 - 5 Years+34%
1,100 USD
5 - 10 Years+48%
1,630 USD
10 - 15 Years+22%
1,990 USD
15 - 20 Years+9%
2,170 USD
20+ Years+8%
2,340 USD
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 Virgin Islands (British) 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 940 USD per month.

While someone with a Bachelor's Degree gets a salary of 1,480 USD per month, 57% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 2,480 USD per month, 68% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Virgin Islands (British)

Certificate or Diploma
940 USD
Bachelor's Degree+57%
1,480 USD
Master's Degree+68%
2,480 USD
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 Virgin Islands (British) costs anywhere from 9,160 US Dollar(s) to 27,500 US 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.


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 Virgin Islands (British) 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 Virgin Islands (British) earn 19% more than their female counterparts on average.

Male
1,720 USD
Female-16%
1,440 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Virgin Islands (British) for all Careers

Salary comparison by gender monthly Virgin Islands (British)
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Drilling Engineer Average Annual Salary Increment Percentage in Virgin Islands (British)

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

Drilling Engineer

Drilling Engineer(s) in Virgin Islands (British) 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 Virgin Islands (British) 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.

Virgin Islands (British) / 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 Virgin Islands (British) is 2%.

Annual Increment Rate By Industry 2020

Banking
3%
Energy
6%
Information Technology
9%
Healthcare
3%
Travel
6%
Construction
9%
Education
3%

Listed above are the average annual increase rates for each industry in Virgin Islands (British) 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 Virgin Islands (British)

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Virgin Islands (British) 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.

84% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 16% 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
16%
No Bonus
84%

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 Virgin Islands (British)


9 USD per hour

The average hourly wage (pay per hour) in Virgin Islands (British) is 9 USD. This means that the average Drilling Engineer in Virgin Islands (British) earns approximately 9 USD 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 Virgin Islands (British)
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The average salary for Drilling Engineer is 2% 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 Engineer1,610 USD+2%
Assembly Engineering Technician1,270 USD-20%
Assistant Chief Engineer1,910 USD+21%
Associate Engineer1,520 USD-4%
Autocad Operator1,030 USD-35%
Automation Engineer1,720 USD+9%
Avionic System Support Engineer1,530 USD-3%
Biochemical Engineer1,510 USD-4%
BMS Engineer1,580 USD-0%
Bridge and Lock Tender910 USD-42%
Broadcast Engineer1,650 USD+4%
CAD Design Engineer1,720 USD+9%
CAD Designer980 USD-38%
CAE Engineer1,610 USD+2%
Ceramics Engineer1,470 USD-7%
Civil Engineer1,720 USD+9%
Commissioning Engineer1,570 USD-1%
Communications Engineer1,710 USD+8%
Condition Monitoring Engineer1,480 USD-6%
Contract Associate Engineer1,540 USD-3%
Control Systems Engineer1,610 USD+2%
Controls Engineer1,610 USD+2%
Controls Software Engineer1,490 USD-6%
Corrosion Engineer1,510 USD-4%
Design Engineer1,600 USD+1%
Drafter1,060 USD-33%
Drafting Manager1,830 USD+16%
Drilling Engineer1,580 USD-0%
Electrical Draughtsman810 USD-49%
Electrical Engineer1,850 USD+17%
Electrical Engineering Manager2,280 USD+44%
Electromechanical Engineering Technologist1,790 USD+13%
Electromechanical Equipment Assembler820 USD-48%
Energy Engineer1,660 USD+5%
Engine Assembler760 USD-52%
Engineer1,740 USD+10%
Engineering Account Manager1,910 USD+21%
Engineering Chief Designer1,880 USD+19%
Engineering Consultant2,240 USD+42%
Engineering Key Account Manager2,440 USD+54%
Engineering Lab Technician1,580 USD-0%
Engineering Planning Manager2,250 USD+42%
Engineering Production Manager3,040 USD+92%
Engineering Project Analyst1,970 USD+25%
Engineering Project Coordinator 1,860 USD+18%
Engineering Project Director3,350 USD+110%
Engineering Project Manager2,210 USD+40%
Engineering Research and Development Manager2,720 USD+72%
Engineering Safety Coordinator1,300 USD-18%
Engineering Sales Manager2,290 USD+45%
Engineering Technician1,230 USD-22%
Engineering Technologist1,260 USD-20%
Environmental Engineer1,670 USD+6%
Equipment Engineer1,460 USD-8%
Equipment Engineering Manager2,190 USD+39%
Estimator1,450 USD-8%
Fabrication Specialist1,180 USD-25%
Fabricator710 USD-55%
Facade Engineer1,570 USD-1%
Fiber Analyst900 USD-43%
Field Engineer1,620 USD+2%
Field Engineering Manager2,740 USD+73%
Fire Engineer1,570 USD-1%
Fitter and Turner520 USD-67%
Forestry Strategic Planner1,830 USD+16%
Generation Engineer1,660 USD+5%
Genetic Engineer1,720 USD+9%
Geological Engineer1,740 USD+10%
Geotechnical Engineer1,790 USD+13%
Heavy Equipment Mechanic830 USD-48%
Highway Engineer1,570 USD-1%
HSE Professional1,500 USD-5%
HVAC Engineer1,740 USD+10%
HVAC Supervisor1,430 USD-10%
Industrial Engineer1,640 USD+4%
Industrial Engineering Technologist1,640 USD+4%
Instrument Engineer1,620 USD+2%
Instrumentation and Control Engineer1,570 USD-1%
Instrumentation Engineer1,540 USD-3%
Instrumentation Manager1,690 USD+7%
Irrigation Engineer1,550 USD-2%
Licensed Aircraft Engineer1,690 USD+7%
Locomotive Engineer1,520 USD-4%
Maintenance Engineer1,550 USD-2%
Maintenance Fitter600 USD-62%
Maintenance Manager1,600 USD+1%
Manufacturing Engineer1,500 USD-5%
Marine Engineer1,620 USD+2%
Materials Engineer1,640 USD+4%
Materials Researcher1,510 USD-4%
Materials Technician1,130 USD-29%
Mechanical and Electrical Engineer1,780 USD+13%
Mechanical Design Engineer1,820 USD+15%
Mechanical Designer1,380 USD-13%
Mechanical Engineer1,670 USD+6%
Mechanical Engineering Manager2,290 USD+45%
Mechanical Inspector1,620 USD+2%
Mechatronics Engineer1,680 USD+6%
Mining Engineer1,590 USD+1%
Oil and Petrochemical Engineer1,730 USD+9%
Optical Engineer1,530 USD-3%
Optical Instrument Assembler830 USD-48%
PCB Assembler610 USD-61%
Photonics Engineer1,740 USD+10%
Photonics Technician1,470 USD-7%
Pipeline Engineer1,530 USD-3%
Piping Designer850 USD-46%
Piping Engineer1,490 USD-6%
Planning Engineer1,580 USD-0%
Pressure Vessel Inspector740 USD-53%
Principal Cost Engineer1,700 USD+8%
Principal Engineer1,660 USD+5%
Principal Support Engineer1,720 USD+9%
Process Engineer1,630 USD+3%
Process Operator1,010 USD-36%
Product Development Engineer1,780 USD+13%
Product Development Technician1,220 USD-23%
Product Engineer1,670 USD+6%
Product Safety Engineer1,480 USD-6%
Production Engineer1,560 USD-1%
Project Engineer1,760 USD+11%
Proposal Manager2,150 USD+36%
Purchasing Engineer1,470 USD-7%
Quality Assurance Engineer1,550 USD-2%
Rail Engineer1,630 USD+3%
Robotics Engineer1,770 USD+12%
Robotics Technician1,330 USD-16%
Safety Engineer1,680 USD+6%
Safety Inspector1,260 USD-20%
Safety Manager1,910 USD+21%
Safety Officer860 USD-46%
Sales Engineer1,740 USD+10%
Scheduling Engineer1,490 USD-6%
Service Engineer1,680 USD+6%
Solar Engineer1,770 USD+12%
Staff Engineer1,540 USD-3%
Static Equipment Engineer1,580 USD-0%
Stationary Engineer1,510 USD-4%
Stress Engineer1,480 USD-6%
Structural Analysis Engineer1,620 USD+2%
Structural Designer1,430 USD-10%
Structural Engineer1,680 USD+6%
Structural Technician1,030 USD-35%
Supply Chain Specialist1,630 USD+3%
Surveyor1,280 USD-19%
Technical Affairs Officer800 USD-49%
Technical Assistant810 USD-49%
Technical Engineer1,450 USD-8%
Technical Support Engineer1,480 USD-6%
Tender Engineer1,410 USD-11%
Test Development Engineer1,660 USD+5%
Transportation Engineer1,500 USD-5%
Validation Engineer1,420 USD-10%
Verification Engineer1,610 USD+2%
Wastewater Engineer1,600 USD+1%
Wind Energy Engineer1,590 USD+1%
Wind Energy Operations Manager2,160 USD+37%
Work Planner1,110 USD-30%

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 Virgin Islands (British) earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
1,740 USD
Public Sector+14%
1,980 USD
Percentage increase and decrease are relative to the previous value

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