Drilling Engineer Average Salary in Grenada 2021
How much money does a Drilling Engineer make in Grenada?
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
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?
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.
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 |
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 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 |
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
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 Grenada earn 11% more than their female counterparts on average.
| Male | 5,720 XCD | |
| Female | -10% | 5,140 XCD |
Salary Comparison By Gender in Grenada for all Careers
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.
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
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
Drilling Engineer Bonus and Incentive Rates in Grenada
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 Grenada
31 XCD per hourThe 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.
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 2% 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 | 5,210 XCD |  -3% |
| Assembly Engineering Technician | 4,130 XCD | -23% |
| Assistant Chief Engineer | 5,900 XCD |  +10% |
| Associate Engineer | 4,940 XCD | -8% |
| Autocad Operator | 3,360 XCD | -37% |
| Automation Engineer | 5,500 XCD | +2% |
| Avionic System Support Engineer | 5,170 XCD | -4% |
| Biochemical Engineer | 5,030 XCD | -6% |
| BMS Engineer | 4,970 XCD | -7% |
| Bridge and Lock Tender | 2,820 XCD | -48% |
| Broadcast Engineer | 5,400 XCD | +1% |
| CAD Design Engineer | 5,540 XCD | +3% |
| CAD Designer | 3,320 XCD | -38% |
| CAE Engineer | 5,430 XCD | +1% |
| Ceramics Engineer | 4,760 XCD | -11% |
| Civil Engineer | 5,300 XCD | -1% |
| Commissioning Engineer | 5,420 XCD | +1% |
| Communications Engineer | 5,880 XCD | +9% |
| Condition Monitoring Engineer | 4,560 XCD | -15% |
| Contract Associate Engineer | 5,120 XCD | -5% |
| Control Systems Engineer | 5,020 XCD | -7% |
| Controls Engineer | 5,080 XCD | -5% |
| Controls Software Engineer | 4,900 XCD | -9% |
| Corrosion Engineer | 4,900 XCD | -9% |
| Design Engineer | 5,180 XCD | -4% |
| Drafter | 3,230 XCD | -40% |
| Drafting Manager | 5,850 XCD | +9% |
| Drilling Engineer | 5,370 XCD | -0% |
| Electrical Draughtsman | 2,670 XCD | -50% |
| Electrical Engineer | 5,990 XCD | +12% |
| Electrical Engineering Manager | 7,730 XCD | +44% |
| Electromechanical Engineering Technologist | 5,770 XCD | +7% |
| Electromechanical Equipment Assembler | 2,780 XCD | -48% |
| Energy Engineer | 5,760 XCD | +7% |
| Engine Assembler | 2,420 XCD | -55% |
| Engineer | 5,600 XCD | +4% |
| Engineering Account Manager | 6,210 XCD | +16% |
| Engineering Chief Designer | 5,750 XCD | +7% |
| Engineering Consultant | 7,100 XCD | +32% |
| Engineering Key Account Manager | 7,590 XCD | +41% |
| Engineering Lab Technician | 5,150 XCD | -4% |
| Engineering Planning Manager | 7,110 XCD | +32% |
| Engineering Production Manager | 9,190 XCD | +71% |
| Engineering Project Analyst | 6,090 XCD | +13% |
| Engineering Project Coordinator | 6,310 XCD | +17% |
| Engineering Project Director | 10,600 XCD | +97% |
| Engineering Project Manager | 7,460 XCD | +39% |
| Engineering Research and Development Manager | 8,670 XCD | +61% |
| Engineering Safety Coordinator | 4,050 XCD | -25% |
| Engineering Sales Manager | 7,290 XCD | +36% |
| Engineering Technician | 4,130 XCD | -23% |
| Engineering Technologist | 4,070 XCD | -24% |
| Environmental Engineer | 5,130 XCD | -5% |
| Equipment Engineer | 4,700 XCD | -13% |
| Equipment Engineering Manager | 6,700 XCD | +25% |
| Estimator | 4,540 XCD | -15% |
| Fabrication Specialist | 3,900 XCD | -27% |
| Fabricator | 2,470 XCD | -54% |
| Facade Engineer | 5,360 XCD | -0% |
| Fiber Analyst | 2,950 XCD | -45% |
| Field Engineer | 5,760 XCD | +7% |
| Field Engineering Manager | 9,230 XCD | +72% |
| Fire Engineer | 5,570 XCD | +4% |
| Fitter and Turner | 1,750 XCD | -67% |
| Forestry Strategic Planner | 6,050 XCD | +13% |
| Generation Engineer | 5,430 XCD | +1% |
| Genetic Engineer | 5,830 XCD | +9% |
| Geological Engineer | 5,740 XCD | +7% |
| Geotechnical Engineer | 5,740 XCD | +7% |
| Heavy Equipment Mechanic | 2,790 XCD | -48% |
| Highway Engineer | 5,300 XCD | -1% |
| HSE Professional | 5,190 XCD | -3% |
| HVAC Engineer | 5,580 XCD | +4% |
| HVAC Supervisor | 4,900 XCD | -9% |
| Industrial Engineer | 4,980 XCD | -7% |
| Industrial Engineering Technologist | 4,920 XCD | -8% |
| Instrument Engineer | 5,000 XCD | -7% |
| Instrumentation and Control Engineer | 5,270 XCD | -2% |
| Instrumentation Engineer | 5,300 XCD | -1% |
| Instrumentation Manager | 5,120 XCD | -5% |
| Irrigation Engineer | 4,950 XCD | -8% |
| Licensed Aircraft Engineer | 5,960 XCD | +11% |
| Locomotive Engineer | 5,230 XCD | -3% |
| Maintenance Engineer | 5,200 XCD | -3% |
| Maintenance Fitter | 1,870 XCD | -65% |
| Maintenance Manager | 5,550 XCD | +3% |
| Manufacturing Engineer | 5,270 XCD | -2% |
| Marine Engineer | 5,430 XCD | +1% |
| Materials Engineer | 5,220 XCD | -3% |
| Materials Researcher | 4,860 XCD | -10% |
| Materials Technician | 4,020 XCD | -25% |
| Mechanical and Electrical Engineer | 5,580 XCD | +4% |
| Mechanical Design Engineer | 5,440 XCD | +1% |
| Mechanical Designer | 4,800 XCD | -11% |
| Mechanical Engineer | 5,590 XCD | +4% |
| Mechanical Engineering Manager | 7,260 XCD | +35% |
| Mechanical Inspector | 4,970 XCD | -7% |
| Mechatronics Engineer | 5,410 XCD | +1% |
| Mining Engineer | 5,310 XCD | -1% |
| Oil and Petrochemical Engineer | 6,060 XCD | +13% |
| Optical Engineer | 5,160 XCD | -4% |
| Optical Instrument Assembler | 2,660 XCD | -50% |
| PCB Assembler | 1,900 XCD | -65% |
| Photonics Engineer | 6,040 XCD | +12% |
| Photonics Technician | 4,860 XCD | -10% |
| Pipeline Engineer | 4,650 XCD | -13% |
| Piping Designer | 3,000 XCD | -44% |
| Piping Engineer | 5,000 XCD | -7% |
| Planning Engineer | 5,500 XCD | +2% |
| Pressure Vessel Inspector | 2,540 XCD | -53% |
| Principal Cost Engineer | 5,460 XCD | +2% |
| Principal Engineer | 5,130 XCD | -5% |
| Principal Support Engineer | 5,590 XCD | +4% |
| Process Engineer | 5,420 XCD | +1% |
| Process Operator | 3,060 XCD | -43% |
| Product Development Engineer | 5,620 XCD | +5% |
| Product Development Technician | 3,920 XCD | -27% |
| Product Engineer | 5,550 XCD | +3% |
| Product Safety Engineer | 5,020 XCD | -7% |
| Production Engineer | 5,410 XCD | +1% |
| Project Engineer | 5,560 XCD | +3% |
| Proposal Manager | 7,110 XCD | +32% |
| Purchasing Engineer | 4,860 XCD | -10% |
| Quality Assurance Engineer | 5,130 XCD | -5% |
| Rail Engineer | 5,140 XCD | -4% |
| Robotics Engineer | 5,740 XCD | +7% |
| Robotics Technician | 4,530 XCD | -16% |
| Safety Engineer | 5,550 XCD | +3% |
| Safety Inspector | 4,340 XCD | -19% |
| Safety Manager | 6,530 XCD | +22% |
| Safety Officer | 2,650 XCD | -51% |
| Sales Engineer | 5,830 XCD | +9% |
| Scheduling Engineer | 4,890 XCD | -9% |
| Service Engineer | 5,650 XCD | +5% |
| Solar Engineer | 5,470 XCD | +2% |
| Staff Engineer | 5,480 XCD | +2% |
| Static Equipment Engineer | 5,370 XCD | -0% |
| Stationary Engineer | 4,760 XCD | -11% |
| Stress Engineer | 5,170 XCD | -4% |
| Structural Analysis Engineer | 5,380 XCD | +0% |
| Structural Designer | 4,650 XCD | -13% |
| Structural Engineer | 5,300 XCD | -1% |
| Structural Technician | 3,430 XCD | -36% |
| Supply Chain Specialist | 5,270 XCD | -2% |
| Surveyor | 4,110 XCD | -23% |
| Technical Affairs Officer | 2,640 XCD | -51% |
| Technical Assistant | 2,790 XCD | -48% |
| Technical Engineer | 4,440 XCD | -17% |
| Technical Support Engineer | 4,560 XCD | -15% |
| Tender Engineer | 4,760 XCD | -11% |
| Test Development Engineer | 5,000 XCD | -7% |
| Transportation Engineer | 5,200 XCD | -3% |
| Validation Engineer | 4,550 XCD | -15% |
| Verification Engineer | 5,170 XCD | -4% |
| Wastewater Engineer | 5,370 XCD | -0% |
| Wind Energy Engineer | 5,560 XCD | +3% |
| Wind Energy Operations Manager | 7,180 XCD | +34% |
| Work Planner | 3,900 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 |
