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 salaries in Virgin Islands (British) range from 730 USD per month (minimum salary) to 2,510 USD per month (maximum 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.
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.
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 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.
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.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|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 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.
|Certificate or Diploma|
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.
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.
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.
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 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.
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.
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 2% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||1,610 USD||+2%|
|Assembly Engineering Technician||1,270 USD||-20%|
|Assistant Chief Engineer||1,910 USD||+21%|
|Associate Engineer||1,520 USD||-4%|
|Autocad Operator||1,030 USD||-35%|
|Automation Engineer||1,720 USD||+9%|
|Avionic System Support Engineer||1,530 USD||-3%|
|Biochemical Engineer||1,510 USD||-4%|
|BMS Engineer||1,580 USD||-0%|
|Bridge and Lock Tender||910 USD||-42%|
|Broadcast Engineer||1,650 USD||+4%|
|CAD Design Engineer||1,720 USD||+9%|
|CAD Designer||980 USD||-38%|
|CAE Engineer||1,610 USD||+2%|
|Ceramics Engineer||1,470 USD||-7%|
|Civil Engineer||1,720 USD||+9%|
|Commissioning Engineer||1,570 USD||-1%|
|Communications Engineer||1,710 USD||+8%|
|Condition Monitoring Engineer||1,480 USD||-6%|
|Contract Associate Engineer||1,540 USD||-3%|
|Control Systems Engineer||1,610 USD||+2%|
|Controls Engineer||1,610 USD||+2%|
|Controls Software Engineer||1,490 USD||-6%|
|Corrosion Engineer||1,510 USD||-4%|
|Design Engineer||1,600 USD||+1%|
|Drafting Manager||1,830 USD||+16%|
|Drilling Engineer||1,580 USD||-0%|
|Electrical Draughtsman||810 USD||-49%|
|Electrical Engineer||1,850 USD||+17%|
|Electrical Engineering Manager||2,280 USD||+44%|
|Electromechanical Engineering Technologist||1,790 USD||+13%|
|Electromechanical Equipment Assembler||820 USD||-48%|
|Energy Engineer||1,660 USD||+5%|
|Engine Assembler||760 USD||-52%|
|Engineering Account Manager||1,910 USD||+21%|
|Engineering Chief Designer||1,880 USD||+19%|
|Engineering Consultant||2,240 USD||+42%|
|Engineering Key Account Manager||2,440 USD||+54%|
|Engineering Lab Technician||1,580 USD||-0%|
|Engineering Planning Manager||2,250 USD||+42%|
|Engineering Production Manager||3,040 USD||+92%|
|Engineering Project Analyst||1,970 USD||+25%|
|Engineering Project Coordinator||1,860 USD||+18%|
|Engineering Project Director||3,350 USD||+110%|
|Engineering Project Manager||2,210 USD||+40%|
|Engineering Research and Development Manager||2,720 USD||+72%|
|Engineering Safety Coordinator||1,300 USD||-18%|
|Engineering Sales Manager||2,290 USD||+45%|
|Engineering Technician||1,230 USD||-22%|
|Engineering Technologist||1,260 USD||-20%|
|Environmental Engineer||1,670 USD||+6%|
|Equipment Engineer||1,460 USD||-8%|
|Equipment Engineering Manager||2,190 USD||+39%|
|Fabrication Specialist||1,180 USD||-25%|
|Facade Engineer||1,570 USD||-1%|
|Fiber Analyst||900 USD||-43%|
|Field Engineer||1,620 USD||+2%|
|Field Engineering Manager||2,740 USD||+73%|
|Fire Engineer||1,570 USD||-1%|
|Fitter and Turner||520 USD||-67%|
|Forestry Strategic Planner||1,830 USD||+16%|
|Generation Engineer||1,660 USD||+5%|
|Genetic Engineer||1,720 USD||+9%|
|Geological Engineer||1,740 USD||+10%|
|Geotechnical Engineer||1,790 USD||+13%|
|Heavy Equipment Mechanic||830 USD||-48%|
|Highway Engineer||1,570 USD||-1%|
|HSE Professional||1,500 USD||-5%|
|HVAC Engineer||1,740 USD||+10%|
|HVAC Supervisor||1,430 USD||-10%|
|Industrial Engineer||1,640 USD||+4%|
|Industrial Engineering Technologist||1,640 USD||+4%|
|Instrument Engineer||1,620 USD||+2%|
|Instrumentation and Control Engineer||1,570 USD||-1%|
|Instrumentation Engineer||1,540 USD||-3%|
|Instrumentation Manager||1,690 USD||+7%|
|Irrigation Engineer||1,550 USD||-2%|
|Licensed Aircraft Engineer||1,690 USD||+7%|
|Locomotive Engineer||1,520 USD||-4%|
|Maintenance Engineer||1,550 USD||-2%|
|Maintenance Fitter||600 USD||-62%|
|Maintenance Manager||1,600 USD||+1%|
|Manufacturing Engineer||1,500 USD||-5%|
|Marine Engineer||1,620 USD||+2%|
|Materials Engineer||1,640 USD||+4%|
|Materials Researcher||1,510 USD||-4%|
|Materials Technician||1,130 USD||-29%|
|Mechanical and Electrical Engineer||1,780 USD||+13%|
|Mechanical Design Engineer||1,820 USD||+15%|
|Mechanical Designer||1,380 USD||-13%|
|Mechanical Engineer||1,670 USD||+6%|
|Mechanical Engineering Manager||2,290 USD||+45%|
|Mechanical Inspector||1,620 USD||+2%|
|Mechatronics Engineer||1,680 USD||+6%|
|Mining Engineer||1,590 USD||+1%|
|Oil and Petrochemical Engineer||1,730 USD||+9%|
|Optical Engineer||1,530 USD||-3%|
|Optical Instrument Assembler||830 USD||-48%|
|PCB Assembler||610 USD||-61%|
|Photonics Engineer||1,740 USD||+10%|
|Photonics Technician||1,470 USD||-7%|
|Pipeline Engineer||1,530 USD||-3%|
|Piping Designer||850 USD||-46%|
|Piping Engineer||1,490 USD||-6%|
|Planning Engineer||1,580 USD||-0%|
|Pressure Vessel Inspector||740 USD||-53%|
|Principal Cost Engineer||1,700 USD||+8%|
|Principal Engineer||1,660 USD||+5%|
|Principal Support Engineer||1,720 USD||+9%|
|Process Engineer||1,630 USD||+3%|
|Process Operator||1,010 USD||-36%|
|Product Development Engineer||1,780 USD||+13%|
|Product Development Technician||1,220 USD||-23%|
|Product Engineer||1,670 USD||+6%|
|Product Safety Engineer||1,480 USD||-6%|
|Production Engineer||1,560 USD||-1%|
|Project Engineer||1,760 USD||+11%|
|Proposal Manager||2,150 USD||+36%|
|Purchasing Engineer||1,470 USD||-7%|
|Quality Assurance Engineer||1,550 USD||-2%|
|Rail Engineer||1,630 USD||+3%|
|Robotics Engineer||1,770 USD||+12%|
|Robotics Technician||1,330 USD||-16%|
|Safety Engineer||1,680 USD||+6%|
|Safety Inspector||1,260 USD||-20%|
|Safety Manager||1,910 USD||+21%|
|Safety Officer||860 USD||-46%|
|Sales Engineer||1,740 USD||+10%|
|Scheduling Engineer||1,490 USD||-6%|
|Service Engineer||1,680 USD||+6%|
|Solar Engineer||1,770 USD||+12%|
|Staff Engineer||1,540 USD||-3%|
|Static Equipment Engineer||1,580 USD||-0%|
|Stationary Engineer||1,510 USD||-4%|
|Stress Engineer||1,480 USD||-6%|
|Structural Analysis Engineer||1,620 USD||+2%|
|Structural Designer||1,430 USD||-10%|
|Structural Engineer||1,680 USD||+6%|
|Structural Technician||1,030 USD||-35%|
|Supply Chain Specialist||1,630 USD||+3%|
|Technical Affairs Officer||800 USD||-49%|
|Technical Assistant||810 USD||-49%|
|Technical Engineer||1,450 USD||-8%|
|Technical Support Engineer||1,480 USD||-6%|
|Tender Engineer||1,410 USD||-11%|
|Test Development Engineer||1,660 USD||+5%|
|Transportation Engineer||1,500 USD||-5%|
|Validation Engineer||1,420 USD||-10%|
|Verification Engineer||1,610 USD||+2%|
|Wastewater Engineer||1,600 USD||+1%|
|Wind Energy Engineer||1,590 USD||+1%|
|Wind Energy Operations Manager||2,160 USD||+37%|
|Work Planner||1,110 USD||-30%|
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.