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Drilling Engineer Average Salary in Equatorial Guinea 2022

How much money does a Drilling Engineer make in Equatorial Guinea?


Average Monthly Salary
394,000 XAF
( 4,720,000 XAF yearly)

LOW
181,000
XAF
AVERAGE
394,000
XAF
HIGH
626,000
XAF

A person working as a Drilling Engineer in Equatorial Guinea typically earns around 394,000 XAF per month. Salaries range from 181,000 XAF (lowest) to 626,000 XAF (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 Equatorial Guinea

Median and salary distribution monthly Equatorial Guinea Drilling Engineer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Drilling Engineer salaries in Equatorial Guinea range from 181,000 XAF per month (minimum salary) to 626,000 XAF per month (maximum salary).

  • Median Salary

    The median salary is 425,000 XAF per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 425,000 XAF while the other half are earning more than 425,000 XAF. 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 273,000 XAF while 75% of them are earning more than 273,000 XAF. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 568,000 XAF while 25% are earning more than 568,000 XAF.


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 Equatorial Guinea 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 206,000 XAF per month.

While someone with an experience level between two and five years is expected to earn 274,000 XAF 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 406,000 XAF 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 495,000 XAF 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 539,000 XAF 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 584,000 XAF per month, 8% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Equatorial Guinea

0 - 2 Years
206,000 XAF
2 - 5 Years+34%
274,000 XAF
5 - 10 Years+48%
406,000 XAF
10 - 15 Years+22%
495,000 XAF
15 - 20 Years+9%
539,000 XAF
20+ Years+8%
584,000 XAF
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 Equatorial Guinea 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 234,000 XAF per month.

While someone with a Bachelor's Degree gets a salary of 368,000 XAF per month, 57% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 617,000 XAF per month, 68% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Equatorial Guinea

Certificate or Diploma
234,000 XAF
Bachelor's Degree+57%
368,000 XAF
Master's Degree+68%
617,000 XAF
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 Equatorial Guinea costs anywhere from 2,390,000 CFA Franc BEAC(s) to 7,170,000 CFA Franc BEAC(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 Equatorial Guinea 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 Equatorial Guinea earn 20% more than their female counterparts on average.

Male
429,000 XAF
Female-17%
358,000 XAF
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Equatorial Guinea for all Careers

Salary comparison by gender monthly Equatorial Guinea
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Drilling Engineer Average Annual Salary Increment Percentage in Equatorial Guinea

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

Drilling Engineer

Drilling Engineer(s) in Equatorial Guinea are likely to observe a salary increase of approximately 7% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Equatorial Guinea 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.

Equatorial Guinea / 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 Equatorial Guinea is 2%.

Annual Increment Rate By Industry 2021

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 Equatorial Guinea 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.


Worldwide Salary Raises: All Countries and All Jobs

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Drilling Engineer Bonus and Incentive Rates in Equatorial Guinea

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Equatorial Guinea 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 Equatorial Guinea


2,270 XAF per hour

The average hourly wage (pay per hour) in Equatorial Guinea is 2,270 XAF. This means that the average Drilling Engineer in Equatorial Guinea earns approximately 2,270 XAF 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 Equatorial Guinea
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The average salary for Drilling Engineer is 2% less than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Acoustics Engineer413,000 XAF+5%
Assembly Engineering Technician334,000 XAF-15%
Assistant Chief Engineer468,000 XAF+19%
Associate Engineer377,000 XAF-4%
Autocad Operator271,000 XAF-31%
Automation Engineer430,000 XAF+9%
Avionic System Support Engineer394,000 XAF+0%
Biochemical Engineer383,000 XAF-3%
BMS Engineer394,000 XAF+0%
Bridge and Lock Tender228,000 XAF-42%
Broadcast Engineer387,000 XAF-2%
CAD Design Engineer431,000 XAF+9%
CAD Designer253,000 XAF-36%
CAE Engineer422,000 XAF+7%
Ceramics Engineer370,000 XAF-6%
Civil Engineer447,000 XAF+14%
Commissioning Engineer398,000 XAF+1%
Communications Engineer457,000 XAF+16%
Condition Monitoring Engineer362,000 XAF-8%
Contract Associate Engineer390,000 XAF-1%
Control Systems Engineer415,000 XAF+5%
Controls Engineer404,000 XAF+3%
Controls Software Engineer360,000 XAF-9%
Corrosion Engineer396,000 XAF+1%
Design Engineer429,000 XAF+9%
Drafter251,000 XAF-36%
Drafting Manager493,000 XAF+25%
Drilling Engineer394,000 XAF+0%
Electrical Draughtsman208,000 XAF-47%
Electrical Engineer475,000 XAF+21%
Electrical Engineering Manager601,000 XAF+53%
Electromechanical Engineering Technologist449,000 XAF+14%
Electromechanical Equipment Assembler212,000 XAF-46%
Energy Engineer431,000 XAF+9%
Engine Assembler192,000 XAF-51%
Engineer427,000 XAF+8%
Engineering Account Manager464,000 XAF+18%
Engineering Chief Designer457,000 XAF+16%
Engineering Consultant541,000 XAF+37%
Engineering Key Account Manager566,000 XAF+44%
Engineering Lab Technician385,000 XAF-2%
Engineering Planning Manager576,000 XAF+46%
Engineering Production Manager759,000 XAF+93%
Engineering Project Analyst473,000 XAF+20%
Engineering Project Coordinator 501,000 XAF+27%
Engineering Project Director811,000 XAF+110%
Engineering Project Manager603,000 XAF+53%
Engineering Research and Development Manager688,000 XAF+75%
Engineering Safety Coordinator328,000 XAF-17%
Engineering Sales Manager567,000 XAF+44%
Engineering Technician334,000 XAF-15%
Engineering Technologist336,000 XAF-15%
Environmental Engineer423,000 XAF+7%
Equipment Engineer381,000 XAF-3%
Equipment Engineering Manager532,000 XAF+35%
Estimator353,000 XAF-10%
Fabrication Specialist292,000 XAF-26%
Fabricator181,000 XAF-54%
Facade Engineer409,000 XAF+4%
Fiber Analyst234,000 XAF-41%
Field Engineer448,000 XAF+14%
Field Engineering Manager704,000 XAF+79%
Fire Engineer433,000 XAF+10%
Fitter and Turner134,000 XAF-66%
Forestry Strategic Planner480,000 XAF+22%
Generation Engineer414,000 XAF+5%
Genetic Engineer444,000 XAF+13%
Geological Engineer438,000 XAF+11%
Geotechnical Engineer429,000 XAF+9%
Heavy Equipment Mechanic221,000 XAF-44%
Highway Engineer429,000 XAF+9%
HSE Professional380,000 XAF-3%
HVAC Engineer443,000 XAF+13%
HVAC Supervisor396,000 XAF+1%
Industrial Engineer387,000 XAF-2%
Industrial Engineering Technologist383,000 XAF-3%
Instrument Engineer389,000 XAF-1%
Instrumentation and Control Engineer410,000 XAF+4%
Instrumentation Engineer404,000 XAF+3%
Instrumentation Manager423,000 XAF+7%
Irrigation Engineer417,000 XAF+6%
Licensed Aircraft Engineer445,000 XAF+13%
Locomotive Engineer407,000 XAF+3%
Maintenance Engineer389,000 XAF-1%
Maintenance Fitter146,000 XAF-63%
Maintenance Manager424,000 XAF+8%
Manufacturing Engineer386,000 XAF-2%
Marine Engineer431,000 XAF+9%
Materials Engineer406,000 XAF+3%
Materials Researcher401,000 XAF+2%
Materials Technician313,000 XAF-20%
Mechanical and Electrical Engineer425,000 XAF+8%
Mechanical Design Engineer423,000 XAF+7%
Mechanical Designer366,000 XAF-7%
Mechanical Engineer426,000 XAF+8%
Mechanical Engineering Manager600,000 XAF+52%
Mechanical Inspector402,000 XAF+2%
Mechatronics Engineer430,000 XAF+9%
Mining Engineer413,000 XAF+5%
Oil and Petrochemical Engineer435,000 XAF+11%
Optical Engineer418,000 XAF+6%
Optical Instrument Assembler211,000 XAF-46%
PCB Assembler147,000 XAF-63%
Photonics Engineer451,000 XAF+15%
Photonics Technician355,000 XAF-10%
Pipeline Engineer392,000 XAF-0%
Piping Designer224,000 XAF-43%
Piping Engineer366,000 XAF-7%
Planning Engineer402,000 XAF+2%
Pressure Vessel Inspector205,000 XAF-48%
Principal Cost Engineer408,000 XAF+4%
Principal Engineer399,000 XAF+1%
Principal Support Engineer427,000 XAF+8%
Process Engineer422,000 XAF+7%
Process Operator238,000 XAF-40%
Product Development Engineer429,000 XAF+9%
Product Development Technician293,000 XAF-26%
Product Engineer414,000 XAF+5%
Product Safety Engineer383,000 XAF-3%
Production Engineer396,000 XAF+1%
Project Engineer450,000 XAF+14%
Proposal Manager531,000 XAF+35%
Purchasing Engineer378,000 XAF-4%
Quality Assurance Engineer407,000 XAF+3%
Rail Engineer400,000 XAF+2%
Robotics Engineer475,000 XAF+21%
Robotics Technician332,000 XAF-16%
Safety Engineer424,000 XAF+8%
Safety Inspector318,000 XAF-19%
Safety Manager498,000 XAF+27%
Safety Officer206,000 XAF-48%
Sales Engineer427,000 XAF+8%
Scheduling Engineer373,000 XAF-5%
Service Engineer422,000 XAF+7%
Solar Engineer426,000 XAF+8%
Staff Engineer426,000 XAF+8%
Static Equipment Engineer394,000 XAF+0%
Stationary Engineer385,000 XAF-2%
Stress Engineer371,000 XAF-6%
Structural Analysis Engineer418,000 XAF+6%
Structural Designer369,000 XAF-6%
Structural Engineer404,000 XAF+3%
Structural Technician256,000 XAF-35%
Supply Chain Specialist410,000 XAF+4%
Surveyor313,000 XAF-20%
Technical Affairs Officer201,000 XAF-49%
Technical Assistant200,000 XAF-49%
Technical Engineer360,000 XAF-9%
Technical Support Engineer362,000 XAF-8%
Tender Engineer385,000 XAF-2%
Test Development Engineer405,000 XAF+3%
Transportation Engineer389,000 XAF-1%
Validation Engineer361,000 XAF-8%
Verification Engineer394,000 XAF+0%
Wastewater Engineer393,000 XAF-0%
Wind Energy Engineer433,000 XAF+10%
Wind Energy Operations Manager547,000 XAF+39%
Work Planner280,000 XAF-29%

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 Equatorial Guinea earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
454,000 XAF
Public Sector+14%
516,000 XAF
Percentage increase and decrease are relative to the previous value

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