Drilling Engineer Average Salary in Cyprus 2021
How much money does a Drilling Engineer make in Cyprus?
LOW
960
EUR AVERAGE
1,840
EUR HIGH
2,810
EUR
A person working as a Drilling Engineer in Cyprus typically earns around 1,840 EUR per month. Salaries range from 960 EUR (lowest) to 2,810 EUR (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 Cyprus
The median, the maximum, the minimum, and the range
Salary Range
Drilling Engineer salaries in Cyprus range from 960 EUR per month (minimum salary) to 2,810 EUR per month (maximum salary).
Median Salary
The median salary is 1,760 EUR per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 1,760 EUR while the other half are earning more than 1,760 EUR. 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 1,220 EUR while 75% of them are earning more than 1,220 EUR. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 2,200 EUR while 25% are earning more than 2,200 EUR.
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 1,090 EUR per month.
While someone with an experience level between two and five years is expected to earn 1,460 EUR 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 1,890 EUR 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 2,290 EUR 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 2,500 EUR 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 2,630 EUR per month, 5% more than people with fifteen to twenty years of experience.
Drilling Engineer average salary change by experience in Cyprus
| 0 - 2 Years | 1,090 EUR | |
| 2 - 5 Years | +34% | 1,460 EUR |
| 5 - 10 Years | +30% | 1,890 EUR |
| 10 - 15 Years | +21% | 2,290 EUR |
| 15 - 20 Years | +9% | 2,500 EUR |
| 20+ Years | +5% | 2,630 EUR |
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 1,290 EUR per month.
While someone with a Bachelor's Degree gets a salary of 1,960 EUR per month, 52% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 2,770 EUR per month, 42% more than someone with a Bachelor's Degree.
Drilling Engineer average salary difference by education level in Cyprus
| Certificate or Diploma | 1,290 EUR | |
| Bachelor's Degree | +52% | 1,960 EUR |
| Master's Degree | +42% | 2,770 EUR |
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 Cyprus costs anywhere from 10,800 Euro(s) to 32,500 Euro(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 Cyprus earn 6% more than their female counterparts on average.
| Male | 1,890 EUR | |
| Female | -6% | 1,790 EUR |
Salary Comparison By Gender in Cyprus for all Careers
Drilling Engineer Average Annual Salary Increment Percentage in Cyprus
How much are annual salary increments in Cyprus for Drilling Engineer(s)? How often do employees get salary raises?
Drilling Engineer
Drilling Engineer(s) in Cyprus 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.
Cyprus / 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 2020
| Banking | 2% | |
| Energy | 4% | |
| Information Technology | 6% | |
| Healthcare | 8% | |
| Travel | 1% | |
| Construction | 3% | |
| Education | 5% |
Listed above are the average annual increase rates for each industry in Cyprus 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
Drilling Engineer Bonus and Incentive Rates in Cyprus
How much and how often are bonuses being awarded?
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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.
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.
| Received Bonus | 10% | |
| No Bonus | 90% |
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 Cyprus
11 EUR per hourThe average hourly wage (pay per hour) in Cyprus is 11 EUR. This means that the average Drilling Engineer in Cyprus earns approximately 11 EUR 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 | 1,720 EUR |  -6% |
| Assembly Engineering Technician | 1,480 EUR | -19% |
| Assistant Chief Engineer | 2,060 EUR |  +12% |
| Associate Engineer | 1,710 EUR | -7% |
| Autocad Operator | 1,210 EUR | -34% |
| Automation Engineer | 1,960 EUR | +7% |
| Avionic System Support Engineer | 1,870 EUR | +2% |
| Biochemical Engineer | 1,740 EUR | -5% |
| BMS Engineer | 1,820 EUR | -1% |
| Bridge and Lock Tender | 1,060 EUR | -42% |
| Broadcast Engineer | 1,880 EUR | +2% |
| CAD Design Engineer | 1,970 EUR | +7% |
| CAD Designer | 1,140 EUR | -38% |
| CAE Engineer | 1,840 EUR | +0% |
| Ceramics Engineer | 1,780 EUR | -3% |
| Civil Engineer | 1,920 EUR | +5% |
| Commissioning Engineer | 1,760 EUR | -4% |
| Communications Engineer | 1,990 EUR | +8% |
| Condition Monitoring Engineer | 1,590 EUR | -13% |
| Contract Associate Engineer | 1,770 EUR | -4% |
| Control Systems Engineer | 1,860 EUR | +1% |
| Controls Engineer | 1,770 EUR | -4% |
| Controls Software Engineer | 1,590 EUR | -13% |
| Corrosion Engineer | 1,760 EUR | -4% |
| Design Engineer | 2,020 EUR | +10% |
| Drafter | 1,150 EUR | -37% |
| Drafting Manager | 2,230 EUR | +21% |
| Drilling Engineer | 1,840 EUR | +0% |
| Electrical Draughtsman | 950 EUR | -48% |
| Electrical Engineer | 1,980 EUR | +8% |
| Electrical Engineering Manager | 2,750 EUR | +50% |
| Electromechanical Engineering Technologist | 2,050 EUR | +12% |
| Electromechanical Equipment Assembler | 960 EUR | -48% |
| Energy Engineer | 2,030 EUR | +11% |
| Engine Assembler | 840 EUR | -54% |
| Engineer | 1,930 EUR | +5% |
| Engineering Account Manager | 2,080 EUR | +13% |
| Engineering Chief Designer | 2,220 EUR | +21% |
| Engineering Consultant | 2,580 EUR | +41% |
| Engineering Key Account Manager | 2,670 EUR | +45% |
| Engineering Lab Technician | 1,720 EUR | -6% |
| Engineering Planning Manager | 2,690 EUR | +47% |
| Engineering Production Manager | 3,230 EUR | +76% |
| Engineering Project Analyst | 2,270 EUR | +24% |
| Engineering Project Coordinator | 2,090 EUR | +14% |
| Engineering Project Director | 3,860 EUR | +110% |
| Engineering Project Manager | 2,540 EUR | +38% |
| Engineering Research and Development Manager | 3,020 EUR | +64% |
| Engineering Safety Coordinator | 1,530 EUR | -17% |
| Engineering Sales Manager | 2,460 EUR | +34% |
| Engineering Technician | 1,410 EUR | -23% |
| Engineering Technologist | 1,500 EUR | -18% |
| Environmental Engineer | 1,900 EUR | +3% |
| Equipment Engineer | 1,690 EUR | -8% |
| Equipment Engineering Manager | 2,580 EUR | +41% |
| Estimator | 1,620 EUR | -12% |
| Fabrication Specialist | 1,370 EUR | -25% |
| Fabricator | 840 EUR | -54% |
| Facade Engineer | 1,850 EUR | +1% |
| Fiber Analyst | 1,080 EUR | -41% |
| Field Engineer | 1,950 EUR | +6% |
| Field Engineering Manager | 3,350 EUR | +82% |
| Fire Engineer | 1,880 EUR | +2% |
| Fitter and Turner | 640 EUR | -65% |
| Forestry Strategic Planner | 2,110 EUR | +15% |
| Generation Engineer | 1,970 EUR | +7% |
| Genetic Engineer | 2,010 EUR | +9% |
| Geological Engineer | 1,890 EUR | +3% |
| Geotechnical Engineer | 2,020 EUR | +10% |
| Heavy Equipment Mechanic | 1,020 EUR | -44% |
| Highway Engineer | 1,810 EUR | -1% |
| HSE Professional | 1,690 EUR | -8% |
| HVAC Engineer | 2,040 EUR | +11% |
| HVAC Supervisor | 1,760 EUR | -4% |
| Industrial Engineer | 1,770 EUR | -4% |
| Industrial Engineering Technologist | 1,840 EUR | +0% |
| Instrument Engineer | 1,780 EUR | -3% |
| Instrumentation and Control Engineer | 1,780 EUR | -3% |
| Instrumentation Engineer | 1,920 EUR | +5% |
| Instrumentation Manager | 1,800 EUR | -2% |
| Irrigation Engineer | 1,890 EUR | +3% |
| Licensed Aircraft Engineer | 2,000 EUR | +9% |
| Locomotive Engineer | 1,770 EUR | -4% |
| Maintenance Engineer | 1,740 EUR | -5% |
| Maintenance Fitter | 670 EUR | -64% |
| Maintenance Manager | 1,820 EUR | -1% |
| Manufacturing Engineer | 1,890 EUR | +3% |
| Marine Engineer | 1,890 EUR | +3% |
| Materials Engineer | 1,760 EUR | -4% |
| Materials Researcher | 1,800 EUR | -2% |
| Materials Technician | 1,360 EUR | -26% |
| Mechanical and Electrical Engineer | 2,130 EUR | +16% |
| Mechanical Design Engineer | 2,040 EUR | +11% |
| Mechanical Designer | 1,580 EUR | -14% |
| Mechanical Engineer | 2,030 EUR | +11% |
| Mechanical Engineering Manager | 2,560 EUR | +39% |
| Mechanical Inspector | 1,780 EUR | -3% |
| Mechatronics Engineer | 2,080 EUR | +13% |
| Mining Engineer | 1,790 EUR | -3% |
| Oil and Petrochemical Engineer | 2,010 EUR | +9% |
| Optical Engineer | 1,760 EUR | -4% |
| Optical Instrument Assembler | 970 EUR | -47% |
| PCB Assembler | 710 EUR | -61% |
| Photonics Engineer | 2,130 EUR | +16% |
| Photonics Technician | 1,660 EUR | -10% |
| Pipeline Engineer | 1,770 EUR | -4% |
| Piping Designer | 1,010 EUR | -45% |
| Piping Engineer | 1,790 EUR | -3% |
| Planning Engineer | 1,880 EUR | +2% |
| Pressure Vessel Inspector | 910 EUR | -50% |
| Principal Cost Engineer | 1,920 EUR | +5% |
| Principal Engineer | 1,820 EUR | -1% |
| Principal Support Engineer | 1,930 EUR | +5% |
| Process Engineer | 1,930 EUR | +5% |
| Process Operator | 1,090 EUR | -41% |
| Product Development Engineer | 1,940 EUR | +6% |
| Product Development Technician | 1,380 EUR | -25% |
| Product Engineer | 2,050 EUR | +12% |
| Product Safety Engineer | 1,730 EUR | -6% |
| Production Engineer | 1,850 EUR | +1% |
| Project Engineer | 2,000 EUR | +9% |
| Proposal Manager | 2,500 EUR | +36% |
| Purchasing Engineer | 1,730 EUR | -6% |
| Quality Assurance Engineer | 1,790 EUR | -3% |
| Rail Engineer | 1,920 EUR | +5% |
| Robotics Engineer | 2,230 EUR | +21% |
| Robotics Technician | 1,550 EUR | -16% |
| Safety Engineer | 1,820 EUR | -1% |
| Safety Inspector | 1,410 EUR | -23% |
| Safety Manager | 2,250 EUR | +23% |
| Safety Officer | 940 EUR | -49% |
| Sales Engineer | 2,090 EUR | +14% |
| Scheduling Engineer | 1,770 EUR | -4% |
| Service Engineer | 1,990 EUR | +8% |
| Solar Engineer | 1,950 EUR | +6% |
| Staff Engineer | 1,850 EUR | +1% |
| Static Equipment Engineer | 1,840 EUR | +0% |
| Stationary Engineer | 1,710 EUR | -7% |
| Stress Engineer | 1,710 EUR | -7% |
| Structural Analysis Engineer | 1,910 EUR | +4% |
| Structural Designer | 1,620 EUR | -12% |
| Structural Engineer | 1,830 EUR | -0% |
| Structural Technician | 1,270 EUR | -31% |
| Supply Chain Specialist | 1,870 EUR | +2% |
| Surveyor | 1,490 EUR | -19% |
| Technical Affairs Officer | 1,000 EUR | -46% |
| Technical Assistant | 970 EUR | -47% |
| Technical Engineer | 1,600 EUR | -13% |
| Technical Support Engineer | 1,590 EUR | -13% |
| Tender Engineer | 1,620 EUR | -12% |
| Test Development Engineer | 1,890 EUR | +3% |
| Transportation Engineer | 1,830 EUR | -0% |
| Validation Engineer | 1,750 EUR | -5% |
| Verification Engineer | 1,870 EUR | +2% |
| Wastewater Engineer | 1,930 EUR | +5% |
| Wind Energy Engineer | 1,980 EUR | +8% |
| Wind Energy Operations Manager | 2,480 EUR | +35% |
| Work Planner | 1,290 EUR | -30% |
Salary Comparison By City
| City | Average Salary |
| Larnaka | 1,650 EUR |
| Limassol | 2,040 EUR |
| Nicosia | 1,780 EUR |
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 Cyprus earn 18% more than their private sector counterparts on average across all sectors.
| Private Sector | 1,950 EUR | |
| Public Sector | +18% | 2,290 EUR |
