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Drilling Engineer Average Salary in Cook Islands 2021

How much money does a Drilling Engineer make in Cook Islands?


Average Monthly Salary
4,060 NZD
( 48,700 NZD yearly)

LOW
1,870
NZD
AVERAGE
4,060
NZD
HIGH
6,450
NZD

A person working as a Drilling Engineer in Cook Islands typically earns around 4,060 NZD per month. Salaries range from 1,870 NZD (lowest) to 6,450 NZD (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 Cook Islands

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

  • Salary Range

    Drilling Engineer salaries in Cook Islands range from 1,870 NZD per month (minimum salary) to 6,450 NZD per month (maximum salary).

  • Median Salary

    The median salary is 4,380 NZD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 4,380 NZD while the other half are earning more than 4,380 NZD. 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 2,810 NZD while 75% of them are earning more than 2,810 NZD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 5,850 NZD while 25% are earning more than 5,850 NZD.


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 Cook Islands 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 2,120 NZD per month.

While someone with an experience level between two and five years is expected to earn 2,830 NZD 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 4,180 NZD 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 5,100 NZD 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 5,560 NZD 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 6,020 NZD per month, 8% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Cook Islands

0 - 2 Years
2,120 NZD
2 - 5 Years+34%
2,830 NZD
5 - 10 Years+48%
4,180 NZD
10 - 15 Years+22%
5,100 NZD
15 - 20 Years+9%
5,560 NZD
20+ Years+8%
6,020 NZD
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 Cook Islands 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 2,420 NZD per month.

While someone with a Bachelor's Degree gets a salary of 3,790 NZD per month, 57% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 6,360 NZD per month, 68% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Cook Islands

Certificate or Diploma
2,420 NZD
Bachelor's Degree+57%
3,790 NZD
Master's Degree+68%
6,360 NZD
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 Cook Islands costs anywhere from 23,500 New Zealand Dollar(s) to 70,600 New Zealand 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 Cook Islands 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 Cook Islands earn 19% more than their female counterparts on average.

Male
4,410 NZD
Female-16%
3,700 NZD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cook Islands for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Cook Islands 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 Cook Islands 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.

Cook Islands / 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 Cook Islands is 2%.

Annual Increment Rate By Industry 2020

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

Listed above are the average annual increase rates for each industry in Cook Islands 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 Cook Islands

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cook Islands 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 Cook Islands


23 NZD per hour

The average hourly wage (pay per hour) in Cook Islands is 23 NZD. This means that the average Drilling Engineer in Cook Islands earns approximately 23 NZD 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 Cook Islands
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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 Engineer3,790 NZD-7%
Assembly Engineering Technician3,040 NZD-25%
Assistant Chief Engineer4,640 NZD+14%
Associate Engineer3,530 NZD-13%
Autocad Operator2,470 NZD-39%
Automation Engineer4,240 NZD+5%
Avionic System Support Engineer3,980 NZD-2%
Biochemical Engineer3,970 NZD-2%
BMS Engineer3,810 NZD-6%
Bridge and Lock Tender2,240 NZD-45%
Broadcast Engineer4,240 NZD+5%
CAD Design Engineer4,100 NZD+1%
CAD Designer2,620 NZD-35%
CAE Engineer4,120 NZD+2%
Ceramics Engineer3,610 NZD-11%
Civil Engineer4,300 NZD+6%
Commissioning Engineer4,000 NZD-1%
Communications Engineer4,460 NZD+10%
Condition Monitoring Engineer3,580 NZD-12%
Contract Associate Engineer4,040 NZD-0%
Control Systems Engineer4,030 NZD-1%
Controls Engineer4,000 NZD-1%
Controls Software Engineer3,800 NZD-6%
Corrosion Engineer3,600 NZD-11%
Design Engineer4,050 NZD-0%
Drafter2,640 NZD-35%
Drafting Manager4,620 NZD+14%
Drilling Engineer4,060 NZD+0%
Electrical Draughtsman2,180 NZD-46%
Electrical Engineer4,360 NZD+7%
Electrical Engineering Manager6,010 NZD+48%
Electromechanical Engineering Technologist4,270 NZD+5%
Electromechanical Equipment Assembler2,190 NZD-46%
Energy Engineer4,280 NZD+5%
Engine Assembler1,810 NZD-55%
Engineer4,200 NZD+4%
Engineering Account Manager4,500 NZD+11%
Engineering Chief Designer4,760 NZD+17%
Engineering Consultant5,470 NZD+35%
Engineering Key Account Manager5,930 NZD+46%
Engineering Lab Technician3,730 NZD-8%
Engineering Planning Manager5,650 NZD+39%
Engineering Production Manager7,550 NZD+86%
Engineering Project Analyst4,850 NZD+20%
Engineering Project Coordinator 4,840 NZD+19%
Engineering Project Director8,200 NZD+100%
Engineering Project Manager5,910 NZD+46%
Engineering Research and Development Manager6,480 NZD+60%
Engineering Safety Coordinator3,210 NZD-21%
Engineering Sales Manager5,530 NZD+36%
Engineering Technician3,280 NZD-19%
Engineering Technologist3,100 NZD-24%
Environmental Engineer4,110 NZD+1%
Equipment Engineer3,640 NZD-10%
Equipment Engineering Manager5,540 NZD+37%
Estimator3,530 NZD-13%
Fabrication Specialist3,050 NZD-25%
Fabricator1,870 NZD-54%
Facade Engineer4,030 NZD-1%
Fiber Analyst2,500 NZD-38%
Field Engineer4,150 NZD+2%
Field Engineering Manager7,110 NZD+75%
Fire Engineer4,020 NZD-1%
Fitter and Turner1,350 NZD-67%
Forestry Strategic Planner4,990 NZD+23%
Generation Engineer4,390 NZD+8%
Genetic Engineer4,600 NZD+13%
Geological Engineer4,420 NZD+9%
Geotechnical Engineer4,260 NZD+5%
Heavy Equipment Mechanic2,250 NZD-45%
Highway Engineer4,200 NZD+4%
HSE Professional3,820 NZD-6%
HVAC Engineer4,270 NZD+5%
HVAC Supervisor3,790 NZD-7%
Industrial Engineer4,070 NZD+0%
Industrial Engineering Technologist4,130 NZD+2%
Instrument Engineer4,100 NZD+1%
Instrumentation and Control Engineer4,200 NZD+4%
Instrumentation Engineer4,080 NZD+1%
Instrumentation Manager4,210 NZD+4%
Irrigation Engineer3,910 NZD-4%
Licensed Aircraft Engineer4,320 NZD+6%
Locomotive Engineer3,970 NZD-2%
Maintenance Engineer3,970 NZD-2%
Maintenance Fitter1,460 NZD-64%
Maintenance Manager4,070 NZD+0%
Manufacturing Engineer3,880 NZD-4%
Marine Engineer4,260 NZD+5%
Materials Engineer3,960 NZD-2%
Materials Researcher3,700 NZD-9%
Materials Technician2,900 NZD-29%
Mechanical and Electrical Engineer4,400 NZD+8%
Mechanical Design Engineer4,560 NZD+12%
Mechanical Designer3,520 NZD-13%
Mechanical Engineer4,520 NZD+11%
Mechanical Engineering Manager5,680 NZD+40%
Mechanical Inspector4,040 NZD-0%
Mechatronics Engineer4,250 NZD+5%
Mining Engineer4,230 NZD+4%
Oil and Petrochemical Engineer4,420 NZD+9%
Optical Engineer4,100 NZD+1%
Optical Instrument Assembler2,030 NZD-50%
PCB Assembler1,510 NZD-63%
Photonics Engineer4,490 NZD+11%
Photonics Technician3,850 NZD-5%
Pipeline Engineer3,860 NZD-5%
Piping Designer2,180 NZD-46%
Piping Engineer3,870 NZD-5%
Planning Engineer4,150 NZD+2%
Pressure Vessel Inspector1,970 NZD-51%
Principal Cost Engineer4,060 NZD+0%
Principal Engineer4,200 NZD+4%
Principal Support Engineer3,990 NZD-2%
Process Engineer4,220 NZD+4%
Process Operator2,500 NZD-38%
Product Development Engineer4,220 NZD+4%
Product Development Technician2,910 NZD-28%
Product Engineer4,440 NZD+9%
Product Safety Engineer3,960 NZD-2%
Production Engineer4,080 NZD+1%
Project Engineer4,300 NZD+6%
Proposal Manager5,550 NZD+37%
Purchasing Engineer3,970 NZD-2%
Quality Assurance Engineer4,230 NZD+4%
Rail Engineer4,100 NZD+1%
Robotics Engineer4,490 NZD+11%
Robotics Technician3,420 NZD-16%
Safety Engineer4,280 NZD+5%
Safety Inspector3,200 NZD-21%
Safety Manager4,900 NZD+21%
Safety Officer2,170 NZD-47%
Sales Engineer4,510 NZD+11%
Scheduling Engineer3,950 NZD-3%
Service Engineer4,410 NZD+9%
Solar Engineer4,480 NZD+10%
Staff Engineer3,950 NZD-3%
Static Equipment Engineer4,060 NZD+0%
Stationary Engineer3,680 NZD-9%
Stress Engineer3,770 NZD-7%
Structural Analysis Engineer4,180 NZD+3%
Structural Designer3,470 NZD-14%
Structural Engineer3,980 NZD-2%
Structural Technician2,750 NZD-32%
Supply Chain Specialist3,900 NZD-4%
Surveyor3,010 NZD-26%
Technical Affairs Officer2,190 NZD-46%
Technical Assistant2,090 NZD-48%
Technical Engineer3,620 NZD-11%
Technical Support Engineer3,580 NZD-12%
Tender Engineer3,780 NZD-7%
Test Development Engineer4,170 NZD+3%
Transportation Engineer3,870 NZD-5%
Validation Engineer3,580 NZD-12%
Verification Engineer3,790 NZD-7%
Wastewater Engineer4,150 NZD+2%
Wind Energy Engineer4,120 NZD+2%
Wind Energy Operations Manager5,670 NZD+40%
Work Planner2,840 NZD-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 Cook Islands earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
4,330 NZD
Public Sector+14%
4,950 NZD
Percentage increase and decrease are relative to the previous value

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