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Drilling Engineer Average Salary in Gibraltar 2021

How much money does a Drilling Engineer make in Gibraltar?

Average Yearly Salary
32,400 GIP
( 2,700 GIP monthly)


A person working as a Drilling Engineer in Gibraltar typically earns around 32,400 GIP per year. Salaries range from 16,900 GIP (lowest) to 49,600 GIP (highest).

This is the average yearly 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 Gibraltar

Median and salary distribution yearly Gibraltar Drilling Engineer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Drilling Engineer salaries in Gibraltar range from 16,900 GIP per year (minimum salary) to 49,600 GIP per year (maximum salary).

  • Median Salary

    The median salary is 31,100 GIP per year, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 31,100 GIP while the other half are earning more than 31,100 GIP. 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 21,600 GIP while 75% of them are earning more than 21,600 GIP. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 38,700 GIP while 25% are earning more than 38,700 GIP.

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 yearly Gibraltar 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 19,100 GIP per year.

While someone with an experience level between two and five years is expected to earn 25,700 GIP per year, 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 33,400 GIP per year, 30% 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 40,400 GIP per year, 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 44,200 GIP per year, 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 46,500 GIP per year, 5% more than people with fifteen to twenty years of experience.

Drilling Engineer average salary change by experience in Gibraltar

0 - 2 Years
19,100 GIP
2 - 5 Years+34%
25,700 GIP
5 - 10 Years+30%
33,400 GIP
10 - 15 Years+21%
40,400 GIP
15 - 20 Years+9%
44,200 GIP
20+ Years+5%
46,500 GIP
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 yearly Gibraltar 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 22,700 GIP per year.

While someone with a Bachelor's Degree gets a salary of 34,500 GIP per year, 52% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 48,900 GIP per year, 42% more than someone with a Bachelor's Degree.

Drilling Engineer average salary difference by education level in Gibraltar

Certificate or Diploma
22,700 GIP
Bachelor's Degree+52%
34,500 GIP
Master's Degree+42%
48,900 GIP
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 Gibraltar costs anywhere from 16,900 Gibraltar Pound(s) to 50,700 Gibraltar Pound(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 yearly Gibraltar 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 Gibraltar earn 11% more than their female counterparts on average.

34,500 GIP
31,000 GIP
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Gibraltar for all Careers

Salary comparison by gender yearly Gibraltar
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Drilling Engineer Average Annual Salary Increment Percentage in Gibraltar

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

Drilling Engineer

Drilling Engineer(s) in Gibraltar are likely to observe a salary increase of approximately 6% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Gibraltar 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.

Gibraltar / 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 Gibraltar is 2%.

Annual Increment Rate By Industry 2020

Information Technology

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

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Gibraltar 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.

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
No Bonus

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.

A graphics designer working for a graphics designing company.

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 Gibraltar

16 GIP per hour

The average hourly wage (pay per hour) in Gibraltar is 16 GIP. This means that the average Drilling Engineer in Gibraltar earns approximately 16 GIP 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 yearly Gibraltar
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The average salary for Drilling Engineer is 5% 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 Engineer34,600 GIP+7%
Assembly Engineering Technician27,900 GIP-14%
Assistant Chief Engineer39,800 GIP+23%
Associate Engineer30,500 GIP-6%
Autocad Operator22,700 GIP-30%
Automation Engineer37,300 GIP+15%
Avionic System Support Engineer33,700 GIP+4%
Biochemical Engineer32,900 GIP+2%
BMS Engineer33,300 GIP+3%
Bridge and Lock Tender19,300 GIP-40%
Broadcast Engineer32,300 GIP-0%
CAD Design Engineer35,000 GIP+8%
CAD Designer20,800 GIP-36%
CAE Engineer33,700 GIP+4%
Ceramics Engineer32,000 GIP-1%
Civil Engineer35,600 GIP+10%
Commissioning Engineer32,600 GIP+1%
Communications Engineer38,700 GIP+19%
Condition Monitoring Engineer30,800 GIP-5%
Contract Associate Engineer33,500 GIP+3%
Control Systems Engineer35,100 GIP+8%
Controls Engineer33,000 GIP+2%
Controls Software Engineer31,000 GIP-4%
Corrosion Engineer33,100 GIP+2%
Design Engineer34,700 GIP+7%
Drafter20,800 GIP-36%
Drafting Manager41,500 GIP+28%
Drilling Engineer32,400 GIP-0%
Electrical Draughtsman17,900 GIP-45%
Electrical Engineer39,800 GIP+23%
Electrical Engineering Manager51,200 GIP+58%
Electromechanical Engineering Technologist36,400 GIP+12%
Electromechanical Equipment Assembler17,500 GIP-46%
Energy Engineer35,200 GIP+9%
Engine Assembler16,100 GIP-50%
Engineer37,000 GIP+14%
Engineering Account Manager40,100 GIP+24%
Engineering Chief Designer37,700 GIP+16%
Engineering Consultant47,200 GIP+46%
Engineering Key Account Manager49,700 GIP+53%
Engineering Lab Technician33,300 GIP+3%
Engineering Planning Manager47,000 GIP+45%
Engineering Production Manager60,800 GIP+88%
Engineering Project Analyst38,900 GIP+20%
Engineering Project Coordinator 39,900 GIP+23%
Engineering Project Director70,700 GIP+120%
Engineering Project Manager48,200 GIP+49%
Engineering Research and Development Manager57,900 GIP+79%
Engineering Safety Coordinator27,800 GIP-14%
Engineering Sales Manager46,200 GIP+43%
Engineering Technician26,700 GIP-18%
Engineering Technologist28,100 GIP-13%
Environmental Engineer33,800 GIP+4%
Equipment Engineer30,900 GIP-5%
Equipment Engineering Manager43,900 GIP+35%
Estimator28,900 GIP-11%
Fabrication Specialist25,100 GIP-23%
Fabricator15,900 GIP-51%
Facade Engineer34,700 GIP+7%
Fiber Analyst20,200 GIP-38%
Field Engineer37,600 GIP+16%
Field Engineering Manager60,100 GIP+85%
Fire Engineer36,400 GIP+12%
Fitter and Turner11,400 GIP-65%
Forestry Strategic Planner41,200 GIP+27%
Generation Engineer35,700 GIP+10%
Genetic Engineer36,600 GIP+13%
Geological Engineer35,200 GIP+9%
Geotechnical Engineer37,200 GIP+15%
Heavy Equipment Mechanic18,900 GIP-42%
Highway Engineer34,300 GIP+6%
HSE Professional31,200 GIP-4%
HVAC Engineer36,000 GIP+11%
HVAC Supervisor31,500 GIP-3%
Industrial Engineer32,000 GIP-1%
Industrial Engineering Technologist31,800 GIP-2%
Instrument Engineer34,200 GIP+6%
Instrumentation and Control Engineer35,100 GIP+8%
Instrumentation Engineer33,100 GIP+2%
Instrumentation Manager33,900 GIP+5%
Irrigation Engineer35,100 GIP+8%
Licensed Aircraft Engineer36,200 GIP+12%
Locomotive Engineer34,500 GIP+6%
Maintenance Engineer33,300 GIP+3%
Maintenance Fitter11,900 GIP-63%
Maintenance Manager35,800 GIP+10%
Manufacturing Engineer33,600 GIP+4%
Marine Engineer34,500 GIP+6%
Materials Engineer33,100 GIP+2%
Materials Researcher33,600 GIP+4%
Materials Technician26,300 GIP-19%
Mechanical and Electrical Engineer37,200 GIP+15%
Mechanical Design Engineer35,200 GIP+9%
Mechanical Designer31,000 GIP-4%
Mechanical Engineer35,300 GIP+9%
Mechanical Engineering Manager50,500 GIP+56%
Mechanical Inspector34,300 GIP+6%
Mechatronics Engineer37,300 GIP+15%
Mining Engineer35,400 GIP+9%
Oil and Petrochemical Engineer38,000 GIP+17%
Optical Engineer33,400 GIP+3%
Optical Instrument Assembler17,100 GIP-47%
PCB Assembler12,100 GIP-63%
Photonics Engineer36,900 GIP+14%
Photonics Technician29,600 GIP-9%
Pipeline Engineer31,400 GIP-3%
Piping Designer18,300 GIP-44%
Piping Engineer30,300 GIP-7%
Planning Engineer35,200 GIP+9%
Pressure Vessel Inspector16,400 GIP-49%
Principal Cost Engineer35,500 GIP+10%
Principal Engineer35,100 GIP+8%
Principal Support Engineer34,500 GIP+6%
Process Engineer33,900 GIP+5%
Process Operator19,600 GIP-40%
Product Development Engineer35,000 GIP+8%
Product Development Technician25,400 GIP-22%
Product Engineer34,400 GIP+6%
Product Safety Engineer31,500 GIP-3%
Production Engineer34,600 GIP+7%
Project Engineer38,000 GIP+17%
Proposal Manager45,700 GIP+41%
Purchasing Engineer32,500 GIP+0%
Quality Assurance Engineer35,000 GIP+8%
Rail Engineer35,000 GIP+8%
Robotics Engineer38,400 GIP+18%
Robotics Technician27,300 GIP-16%
Safety Engineer34,100 GIP+5%
Safety Inspector26,100 GIP-19%
Safety Manager42,300 GIP+31%
Safety Officer18,100 GIP-44%
Sales Engineer35,300 GIP+9%
Scheduling Engineer32,100 GIP-1%
Service Engineer34,800 GIP+7%
Solar Engineer37,400 GIP+15%
Staff Engineer35,700 GIP+10%
Static Equipment Engineer32,400 GIP-0%
Stationary Engineer32,500 GIP+0%
Stress Engineer32,400 GIP-0%
Structural Analysis Engineer33,600 GIP+4%
Structural Designer29,900 GIP-8%
Structural Engineer33,000 GIP+2%
Structural Technician21,200 GIP-35%
Supply Chain Specialist33,200 GIP+2%
Surveyor25,400 GIP-22%
Technical Affairs Officer16,700 GIP-48%
Technical Assistant17,600 GIP-46%
Technical Engineer30,700 GIP-5%
Technical Support Engineer30,800 GIP-5%
Tender Engineer30,800 GIP-5%
Test Development Engineer34,700 GIP+7%
Transportation Engineer31,800 GIP-2%
Validation Engineer31,400 GIP-3%
Verification Engineer32,000 GIP-1%
Wastewater Engineer32,500 GIP+0%
Wind Energy Engineer36,500 GIP+13%
Wind Energy Operations Manager47,000 GIP+45%
Work Planner24,400 GIP-25%

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 Gibraltar earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
36,500 GIP
Public Sector+18%
43,000 GIP
Percentage increase and decrease are relative to the previous value

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