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Drilling Engineer Average Salary in Grenada 2021

How much money does a Drilling Engineer make in Grenada?


Average Monthly Salary
5,370 XCD
( 64,500 XCD yearly)

LOW
2,790
XCD
AVERAGE
5,370
XCD
HIGH
8,220
XCD

A person working as a Drilling Engineer in Grenada typically earns around 5,370 XCD per month. Salaries range from 2,790 XCD (lowest) to 8,220 XCD (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 Grenada

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

  • Salary Range

    Drilling Engineer salaries in Grenada range from 2,790 XCD per month (minimum salary) to 8,220 XCD per month (maximum salary).

  • Median Salary

    The median salary is 5,160 XCD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 5,160 XCD while the other half are earning more than 5,160 XCD. 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 3,580 XCD while 75% of them are earning more than 3,580 XCD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 6,420 XCD while 25% are earning more than 6,420 XCD.


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 Grenada 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 3,170 XCD per month.

While someone with an experience level between two and five years is expected to earn 4,260 XCD 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 5,530 XCD per month, 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 6,700 XCD 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 7,320 XCD 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 7,700 XCD per month, 5% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Grenada

0 - 2 Years
3,170 XCD
2 - 5 Years+34%
4,260 XCD
5 - 10 Years+30%
5,530 XCD
10 - 15 Years+21%
6,700 XCD
15 - 20 Years+9%
7,320 XCD
20+ Years+5%
7,700 XCD
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 Grenada 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 3,770 XCD per month.

While someone with a Bachelor's Degree gets a salary of 5,720 XCD per month, 52% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 8,110 XCD per month, 42% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Grenada

Certificate or Diploma
3,770 XCD
Bachelor's Degree+52%
5,720 XCD
Master's Degree+42%
8,110 XCD
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 Grenada costs anywhere from 31,300 East Caribbean Dollar(s) to 94,000 East Caribbean 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 Grenada 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 Grenada earn 11% more than their female counterparts on average.

Male
5,720 XCD
Female-10%
5,140 XCD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Grenada for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Grenada 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.

Annual Salary Increment Rate Grenada 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.

Grenada / 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 Grenada is 2%.

Annual Increment Rate By Industry 2020

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

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

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Grenada 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
10%
No Bonus
90%

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 Grenada


31 XCD per hour

The average hourly wage (pay per hour) in Grenada is 31 XCD. This means that the average Drilling Engineer in Grenada earns approximately 31 XCD 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 Grenada
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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 Engineer5,210 XCD-3%
Assembly Engineering Technician4,130 XCD-23%
Assistant Chief Engineer5,900 XCD+10%
Associate Engineer4,940 XCD-8%
Autocad Operator3,360 XCD-37%
Automation Engineer5,500 XCD+2%
Avionic System Support Engineer5,170 XCD-4%
Biochemical Engineer5,030 XCD-6%
BMS Engineer4,970 XCD-7%
Bridge and Lock Tender2,820 XCD-48%
Broadcast Engineer5,400 XCD+1%
CAD Design Engineer5,540 XCD+3%
CAD Designer3,320 XCD-38%
CAE Engineer5,430 XCD+1%
Ceramics Engineer4,760 XCD-11%
Civil Engineer5,300 XCD-1%
Commissioning Engineer5,420 XCD+1%
Communications Engineer5,880 XCD+9%
Condition Monitoring Engineer4,560 XCD-15%
Contract Associate Engineer5,120 XCD-5%
Control Systems Engineer5,020 XCD-7%
Controls Engineer5,080 XCD-5%
Controls Software Engineer4,900 XCD-9%
Corrosion Engineer4,900 XCD-9%
Design Engineer5,180 XCD-4%
Drafter3,230 XCD-40%
Drafting Manager5,850 XCD+9%
Drilling Engineer5,370 XCD-0%
Electrical Draughtsman2,670 XCD-50%
Electrical Engineer5,990 XCD+12%
Electrical Engineering Manager7,730 XCD+44%
Electromechanical Engineering Technologist5,770 XCD+7%
Electromechanical Equipment Assembler2,780 XCD-48%
Energy Engineer5,760 XCD+7%
Engine Assembler2,420 XCD-55%
Engineer5,600 XCD+4%
Engineering Account Manager6,210 XCD+16%
Engineering Chief Designer5,750 XCD+7%
Engineering Consultant7,100 XCD+32%
Engineering Key Account Manager7,590 XCD+41%
Engineering Lab Technician5,150 XCD-4%
Engineering Planning Manager7,110 XCD+32%
Engineering Production Manager9,190 XCD+71%
Engineering Project Analyst6,090 XCD+13%
Engineering Project Coordinator 6,310 XCD+17%
Engineering Project Director10,600 XCD+97%
Engineering Project Manager7,460 XCD+39%
Engineering Research and Development Manager8,670 XCD+61%
Engineering Safety Coordinator4,050 XCD-25%
Engineering Sales Manager7,290 XCD+36%
Engineering Technician4,130 XCD-23%
Engineering Technologist4,070 XCD-24%
Environmental Engineer5,130 XCD-5%
Equipment Engineer4,700 XCD-13%
Equipment Engineering Manager6,700 XCD+25%
Estimator4,540 XCD-15%
Fabrication Specialist3,900 XCD-27%
Fabricator2,470 XCD-54%
Facade Engineer5,360 XCD-0%
Fiber Analyst2,950 XCD-45%
Field Engineer5,760 XCD+7%
Field Engineering Manager9,230 XCD+72%
Fire Engineer5,570 XCD+4%
Fitter and Turner1,750 XCD-67%
Forestry Strategic Planner6,050 XCD+13%
Generation Engineer5,430 XCD+1%
Genetic Engineer5,830 XCD+9%
Geological Engineer5,740 XCD+7%
Geotechnical Engineer5,740 XCD+7%
Heavy Equipment Mechanic2,790 XCD-48%
Highway Engineer5,300 XCD-1%
HSE Professional5,190 XCD-3%
HVAC Engineer5,580 XCD+4%
HVAC Supervisor4,900 XCD-9%
Industrial Engineer4,980 XCD-7%
Industrial Engineering Technologist4,920 XCD-8%
Instrument Engineer5,000 XCD-7%
Instrumentation and Control Engineer5,270 XCD-2%
Instrumentation Engineer5,300 XCD-1%
Instrumentation Manager5,120 XCD-5%
Irrigation Engineer4,950 XCD-8%
Licensed Aircraft Engineer5,960 XCD+11%
Locomotive Engineer5,230 XCD-3%
Maintenance Engineer5,200 XCD-3%
Maintenance Fitter1,870 XCD-65%
Maintenance Manager5,550 XCD+3%
Manufacturing Engineer5,270 XCD-2%
Marine Engineer5,430 XCD+1%
Materials Engineer5,220 XCD-3%
Materials Researcher4,860 XCD-10%
Materials Technician4,020 XCD-25%
Mechanical and Electrical Engineer5,580 XCD+4%
Mechanical Design Engineer5,440 XCD+1%
Mechanical Designer4,800 XCD-11%
Mechanical Engineer5,590 XCD+4%
Mechanical Engineering Manager7,260 XCD+35%
Mechanical Inspector4,970 XCD-7%
Mechatronics Engineer5,410 XCD+1%
Mining Engineer5,310 XCD-1%
Oil and Petrochemical Engineer6,060 XCD+13%
Optical Engineer5,160 XCD-4%
Optical Instrument Assembler2,660 XCD-50%
PCB Assembler1,900 XCD-65%
Photonics Engineer6,040 XCD+12%
Photonics Technician4,860 XCD-10%
Pipeline Engineer4,650 XCD-13%
Piping Designer3,000 XCD-44%
Piping Engineer5,000 XCD-7%
Planning Engineer5,500 XCD+2%
Pressure Vessel Inspector2,540 XCD-53%
Principal Cost Engineer5,460 XCD+2%
Principal Engineer5,130 XCD-5%
Principal Support Engineer5,590 XCD+4%
Process Engineer5,420 XCD+1%
Process Operator3,060 XCD-43%
Product Development Engineer5,620 XCD+5%
Product Development Technician3,920 XCD-27%
Product Engineer5,550 XCD+3%
Product Safety Engineer5,020 XCD-7%
Production Engineer5,410 XCD+1%
Project Engineer5,560 XCD+3%
Proposal Manager7,110 XCD+32%
Purchasing Engineer4,860 XCD-10%
Quality Assurance Engineer5,130 XCD-5%
Rail Engineer5,140 XCD-4%
Robotics Engineer5,740 XCD+7%
Robotics Technician4,530 XCD-16%
Safety Engineer5,550 XCD+3%
Safety Inspector4,340 XCD-19%
Safety Manager6,530 XCD+22%
Safety Officer2,650 XCD-51%
Sales Engineer5,830 XCD+9%
Scheduling Engineer4,890 XCD-9%
Service Engineer5,650 XCD+5%
Solar Engineer5,470 XCD+2%
Staff Engineer5,480 XCD+2%
Static Equipment Engineer5,370 XCD-0%
Stationary Engineer4,760 XCD-11%
Stress Engineer5,170 XCD-4%
Structural Analysis Engineer5,380 XCD+0%
Structural Designer4,650 XCD-13%
Structural Engineer5,300 XCD-1%
Structural Technician3,430 XCD-36%
Supply Chain Specialist5,270 XCD-2%
Surveyor4,110 XCD-23%
Technical Affairs Officer2,640 XCD-51%
Technical Assistant2,790 XCD-48%
Technical Engineer4,440 XCD-17%
Technical Support Engineer4,560 XCD-15%
Tender Engineer4,760 XCD-11%
Test Development Engineer5,000 XCD-7%
Transportation Engineer5,200 XCD-3%
Validation Engineer4,550 XCD-15%
Verification Engineer5,170 XCD-4%
Wastewater Engineer5,370 XCD-0%
Wind Energy Engineer5,560 XCD+3%
Wind Energy Operations Manager7,180 XCD+34%
Work Planner3,900 XCD-27%

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 Grenada earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
6,020 XCD
Public Sector+7%
6,450 XCD
Percentage increase and decrease are relative to the previous value

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