A person working as a Drilling Engineer in Bolivia typically earns around 7,160 BOB per month. Salaries range from 3,720 BOB (lowest) to 11,000 BOB (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 Bolivia range from 3,720 BOB per month (minimum salary) to 11,000 BOB per month (maximum salary).
The median salary is 6,880 BOB per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 6,880 BOB while the other half are earning more than 6,880 BOB. 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 4,770 BOB while 75% of them are earning more than 4,770 BOB. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 8,560 BOB while 25% are earning more than 8,560 BOB.
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 4,230 BOB per month.
While someone with an experience level between two and five years is expected to earn 5,680 BOB 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 7,380 BOB per month, 30% 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 8,930 BOB 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 9,760 BOB 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 10,300 BOB per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|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 5,030 BOB per month.
While someone with a Bachelor's Degree gets a salary of 7,630 BOB per month, 52% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 10,800 BOB per month, 42% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Bolivia costs anywhere from 42,600 Boliviano(s) to 128,000 Boliviano(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 Bolivia earn 7% more than their female counterparts on average.
Drilling Engineer(s) in Bolivia are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 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 Bolivia 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.
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.
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 0% less than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||7,230 BOB||+1%|
|Assembly Engineering Technician||6,080 BOB||-15%|
|Assistant Chief Engineer||8,190 BOB||+14%|
|Associate Engineer||6,720 BOB||-6%|
|Autocad Operator||4,940 BOB||-31%|
|Automation Engineer||8,480 BOB||+18%|
|Avionic System Support Engineer||7,030 BOB||-2%|
|Biochemical Engineer||6,840 BOB||-4%|
|BMS Engineer||6,890 BOB||-4%|
|Bridge and Lock Tender||4,150 BOB||-42%|
|Broadcast Engineer||7,490 BOB||+5%|
|CAD Design Engineer||8,010 BOB||+12%|
|CAD Designer||4,980 BOB||-30%|
|CAE Engineer||7,840 BOB||+9%|
|Ceramics Engineer||6,880 BOB||-4%|
|Civil Engineer||7,980 BOB||+11%|
|Commissioning Engineer||7,240 BOB||+1%|
|Communications Engineer||8,490 BOB||+19%|
|Condition Monitoring Engineer||6,330 BOB||-12%|
|Contract Associate Engineer||6,960 BOB||-3%|
|Control Systems Engineer||7,860 BOB||+10%|
|Controls Engineer||7,800 BOB||+9%|
|Controls Software Engineer||6,540 BOB||-9%|
|Corrosion Engineer||7,220 BOB||+1%|
|Design Engineer||8,120 BOB||+13%|
|Drafting Manager||8,800 BOB||+23%|
|Drilling Engineer||7,160 BOB||-0%|
|Electrical Draughtsman||3,860 BOB||-46%|
|Electrical Engineer||8,310 BOB||+16%|
|Electrical Engineering Manager||11,200 BOB||+56%|
|Electromechanical Engineering Technologist||8,340 BOB||+16%|
|Electromechanical Equipment Assembler||4,180 BOB||-42%|
|Energy Engineer||8,160 BOB||+14%|
|Engine Assembler||3,360 BOB||-53%|
|Engineering Account Manager||8,790 BOB||+23%|
|Engineering Chief Designer||8,830 BOB||+23%|
|Engineering Consultant||10,700 BOB||+49%|
|Engineering Key Account Manager||10,700 BOB||+49%|
|Engineering Lab Technician||7,290 BOB||+2%|
|Engineering Planning Manager||10,500 BOB||+47%|
|Engineering Production Manager||13,000 BOB||+82%|
|Engineering Project Analyst||8,790 BOB||+23%|
|Engineering Project Coordinator||8,760 BOB||+22%|
|Engineering Project Director||16,000 BOB||+120%|
|Engineering Project Manager||11,000 BOB||+54%|
|Engineering Research and Development Manager||12,000 BOB||+68%|
|Engineering Safety Coordinator||5,970 BOB||-17%|
|Engineering Sales Manager||10,500 BOB||+47%|
|Engineering Technician||6,090 BOB||-15%|
|Engineering Technologist||5,750 BOB||-20%|
|Environmental Engineer||7,250 BOB||+1%|
|Equipment Engineer||6,940 BOB||-3%|
|Equipment Engineering Manager||10,300 BOB||+44%|
|Fabrication Specialist||5,530 BOB||-23%|
|Facade Engineer||7,300 BOB||+2%|
|Fiber Analyst||4,530 BOB||-37%|
|Field Engineer||8,310 BOB||+16%|
|Field Engineering Manager||12,600 BOB||+76%|
|Fire Engineer||8,040 BOB||+12%|
|Fitter and Turner||2,390 BOB||-67%|
|Forestry Strategic Planner||9,270 BOB||+29%|
|Generation Engineer||8,160 BOB||+14%|
|Genetic Engineer||8,750 BOB||+22%|
|Geological Engineer||7,820 BOB||+9%|
|Geotechnical Engineer||8,120 BOB||+13%|
|Heavy Equipment Mechanic||4,280 BOB||-40%|
|Highway Engineer||7,810 BOB||+9%|
|HSE Professional||6,920 BOB||-3%|
|HVAC Engineer||8,550 BOB||+19%|
|HVAC Supervisor||7,220 BOB||+1%|
|Industrial Engineer||7,190 BOB||+0%|
|Industrial Engineering Technologist||7,110 BOB||-1%|
|Instrument Engineer||7,220 BOB||+1%|
|Instrumentation and Control Engineer||7,610 BOB||+6%|
|Instrumentation Engineer||7,950 BOB||+11%|
|Instrumentation Manager||7,240 BOB||+1%|
|Irrigation Engineer||7,450 BOB||+4%|
|Licensed Aircraft Engineer||8,440 BOB||+18%|
|Locomotive Engineer||7,560 BOB||+6%|
|Maintenance Engineer||7,370 BOB||+3%|
|Maintenance Fitter||2,700 BOB||-62%|
|Maintenance Manager||7,560 BOB||+6%|
|Manufacturing Engineer||7,770 BOB||+9%|
|Marine Engineer||7,530 BOB||+5%|
|Materials Engineer||7,540 BOB||+5%|
|Materials Researcher||6,880 BOB||-4%|
|Materials Technician||5,810 BOB||-19%|
|Mechanical and Electrical Engineer||8,390 BOB||+17%|
|Mechanical Design Engineer||7,860 BOB||+10%|
|Mechanical Designer||6,540 BOB||-9%|
|Mechanical Engineer||8,400 BOB||+17%|
|Mechanical Engineering Manager||10,300 BOB||+44%|
|Mechanical Inspector||7,320 BOB||+2%|
|Mechatronics Engineer||8,300 BOB||+16%|
|Mining Engineer||7,670 BOB||+7%|
|Oil and Petrochemical Engineer||8,420 BOB||+18%|
|Optical Engineer||7,610 BOB||+6%|
|Optical Instrument Assembler||4,070 BOB||-43%|
|PCB Assembler||2,740 BOB||-62%|
|Photonics Engineer||8,550 BOB||+19%|
|Photonics Technician||7,150 BOB||-0%|
|Pipeline Engineer||6,990 BOB||-2%|
|Piping Designer||4,250 BOB||-41%|
|Piping Engineer||7,360 BOB||+3%|
|Planning Engineer||8,100 BOB||+13%|
|Pressure Vessel Inspector||3,740 BOB||-48%|
|Principal Cost Engineer||7,740 BOB||+8%|
|Principal Engineer||7,410 BOB||+3%|
|Principal Support Engineer||7,610 BOB||+6%|
|Process Engineer||7,830 BOB||+9%|
|Process Operator||4,410 BOB||-38%|
|Product Development Engineer||7,640 BOB||+7%|
|Product Development Technician||5,550 BOB||-22%|
|Product Engineer||7,850 BOB||+10%|
|Product Safety Engineer||7,540 BOB||+5%|
|Production Engineer||7,960 BOB||+11%|
|Project Engineer||8,190 BOB||+14%|
|Proposal Manager||10,100 BOB||+41%|
|Purchasing Engineer||7,010 BOB||-2%|
|Quality Assurance Engineer||7,860 BOB||+10%|
|Rail Engineer||7,430 BOB||+4%|
|Robotics Engineer||8,990 BOB||+26%|
|Robotics Technician||6,040 BOB||-16%|
|Safety Engineer||7,560 BOB||+6%|
|Safety Inspector||5,790 BOB||-19%|
|Safety Manager||8,880 BOB||+24%|
|Safety Officer||3,830 BOB||-47%|
|Sales Engineer||8,580 BOB||+20%|
|Scheduling Engineer||7,340 BOB||+2%|
|Service Engineer||8,000 BOB||+12%|
|Solar Engineer||7,900 BOB||+10%|
|Staff Engineer||7,910 BOB||+10%|
|Static Equipment Engineer||7,160 BOB||-0%|
|Stationary Engineer||7,010 BOB||-2%|
|Stress Engineer||7,180 BOB||+0%|
|Structural Analysis Engineer||7,770 BOB||+9%|
|Structural Designer||6,450 BOB||-10%|
|Structural Engineer||7,210 BOB||+1%|
|Structural Technician||4,850 BOB||-32%|
|Supply Chain Specialist||7,620 BOB||+6%|
|Technical Affairs Officer||3,960 BOB||-45%|
|Technical Assistant||3,880 BOB||-46%|
|Technical Engineer||6,550 BOB||-9%|
|Technical Support Engineer||6,330 BOB||-12%|
|Tender Engineer||7,010 BOB||-2%|
|Test Development Engineer||7,370 BOB||+3%|
|Transportation Engineer||7,370 BOB||+3%|
|Validation Engineer||6,990 BOB||-2%|
|Verification Engineer||7,030 BOB||-2%|
|Wastewater Engineer||7,900 BOB||+10%|
|Wind Energy Engineer||8,030 BOB||+12%|
|Wind Energy Operations Manager||9,760 BOB||+36%|
|Work Planner||5,420 BOB||-24%|
|La Paz||8,170 BOB|
|Santa Cruz||8,060 BOB|
Where can you get paid more, working for a private company or for the government? Public sector employees in Bolivia earn 17% more than their private sector counterparts on average across all sectors.