Drilling Engineer Average Salary in Guyana 2022
How much money does a Drilling Engineer make in Guyana?
LOW
69,000
GYD AVERAGE
150,000
GYD HIGH
239,000
GYD
A person working as a Drilling Engineer in Guyana typically earns around 150,000 GYD per month. Salaries range from 69,000 GYD (lowest) to 239,000 GYD (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 Guyana
The median, the maximum, the minimum, and the range
Salary Range
Drilling Engineer salaries in Guyana range from 69,000 GYD per month (minimum salary) to 239,000 GYD per month (maximum salary).
Median Salary
The median salary is 162,000 GYD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 162,000 GYD while the other half are earning more than 162,000 GYD. 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 104,000 GYD while 75% of them are earning more than 104,000 GYD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 216,000 GYD while 25% are earning more than 216,000 GYD.
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 78,400 GYD per month.
While someone with an experience level between two and five years is expected to earn 105,000 GYD 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 155,000 GYD per month, 48% 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 189,000 GYD 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 206,000 GYD 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 223,000 GYD per month, 8% more than people with fifteen to twenty years of experience.
Drilling Engineer average salary change by experience in Guyana
| 0 - 2 Years | 78,400 GYD | |
| 2 - 5 Years | +34% | 105,000 GYD |
| 5 - 10 Years | +48% | 155,000 GYD |
| 10 - 15 Years | +22% | 189,000 GYD |
| 15 - 20 Years | +9% | 206,000 GYD |
| 20+ Years | +8% | 223,000 GYD |
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 89,400 GYD per month.
While someone with a Bachelor's Degree gets a salary of 140,000 GYD per month, 57% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 235,000 GYD per month, 68% more than someone with a Bachelor's Degree.
Drilling Engineer average salary difference by education level in Guyana
| Certificate or Diploma | 89,400 GYD | |
| Bachelor's Degree | +57% | 140,000 GYD |
| Master's Degree | +68% | 235,000 GYD |
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 Guyana costs anywhere from 876,000 Guyana Dollar(s) to 2,630,000 Guyana 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 Guyana earn 12% more than their female counterparts on average.
| Male | 158,000 GYD | |
| Female | -11% | 142,000 GYD |
Salary Comparison By Gender in Guyana for all Careers
Drilling Engineer Average Annual Salary Increment Percentage in Guyana
How much are annual salary increments in Guyana for Drilling Engineer(s)? How often do employees get salary raises?
Drilling Engineer
Drilling Engineer(s) in Guyana are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
Guyana / 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 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 Guyana 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
Drilling Engineer Bonus and Incentive Rates in Guyana
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.
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 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 Guyana
870 GYD per hourThe average hourly wage (pay per hour) in Guyana is 870 GYD. This means that the average Drilling Engineer in Guyana earns approximately 870 GYD 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 | 146,000 GYD |  -3% |
| Assembly Engineering Technician | 111,000 GYD | -26% |
| Assistant Chief Engineer | 160,000 GYD |  +7% |
| Associate Engineer | 132,000 GYD | -12% |
| Autocad Operator | 90,600 GYD | -40% |
| Automation Engineer | 161,000 GYD | +7% |
| Avionic System Support Engineer | 138,000 GYD | -8% |
| Biochemical Engineer | 142,000 GYD | -5% |
| BMS Engineer | 141,000 GYD | -6% |
| Bridge and Lock Tender | 81,100 GYD | -46% |
| Broadcast Engineer | 144,000 GYD | -4% |
| CAD Design Engineer | 149,000 GYD | -1% |
| CAD Designer | 90,000 GYD | -40% |
| CAE Engineer | 152,000 GYD | +1% |
| Ceramics Engineer | 130,000 GYD | -13% |
| Civil Engineer | 146,000 GYD | -3% |
| Commissioning Engineer | 144,000 GYD | -4% |
| Communications Engineer | 158,000 GYD | +5% |
| Condition Monitoring Engineer | 124,000 GYD | -17% |
| Contract Associate Engineer | 145,000 GYD | -3% |
| Control Systems Engineer | 139,000 GYD | -7% |
| Controls Engineer | 147,000 GYD | -2% |
| Controls Software Engineer | 136,000 GYD | -9% |
| Corrosion Engineer | 132,000 GYD | -12% |
| Design Engineer | 144,000 GYD | -4% |
| Drafter | 88,800 GYD | -41% |
| Drafting Manager | 162,000 GYD | +8% |
| Drilling Engineer | 150,000 GYD | -0% |
| Electrical Draughtsman | 76,500 GYD | -49% |
| Electrical Engineer | 169,000 GYD | +13% |
| Electrical Engineering Manager | 219,000 GYD | +46% |
| Electromechanical Engineering Technologist | 156,000 GYD | +4% |
| Electromechanical Equipment Assembler | 75,400 GYD | -50% |
| Energy Engineer | 161,000 GYD | +7% |
| Engine Assembler | 65,100 GYD | -57% |
| Engineer | 160,000 GYD | +7% |
| Engineering Account Manager | 175,000 GYD | +17% |
| Engineering Chief Designer | 168,000 GYD | +12% |
| Engineering Consultant | 194,000 GYD | +29% |
| Engineering Key Account Manager | 206,000 GYD | +37% |
| Engineering Lab Technician | 145,000 GYD | -3% |
| Engineering Planning Manager | 197,000 GYD | +31% |
| Engineering Production Manager | 252,000 GYD | +68% |
| Engineering Project Analyst | 175,000 GYD | +17% |
| Engineering Project Coordinator | 169,000 GYD | +13% |
| Engineering Project Director | 290,000 GYD | +93% |
| Engineering Project Manager | 202,000 GYD | +35% |
| Engineering Research and Development Manager | 233,000 GYD | +55% |
| Engineering Safety Coordinator | 117,000 GYD | -22% |
| Engineering Sales Manager | 208,000 GYD | +39% |
| Engineering Technician | 112,000 GYD | -25% |
| Engineering Technologist | 111,000 GYD | -26% |
| Environmental Engineer | 147,000 GYD | -2% |
| Equipment Engineer | 136,000 GYD | -9% |
| Equipment Engineering Manager | 195,000 GYD | +30% |
| Estimator | 124,000 GYD | -17% |
| Fabrication Specialist | 104,000 GYD | -31% |
| Fabricator | 66,400 GYD | -56% |
| Facade Engineer | 150,000 GYD | -0% |
| Fiber Analyst | 85,600 GYD | -43% |
| Field Engineer | 153,000 GYD | +2% |
| Field Engineering Manager | 247,000 GYD | +65% |
| Fire Engineer | 148,000 GYD | -1% |
| Fitter and Turner | 46,900 GYD | -69% |
| Forestry Strategic Planner | 166,000 GYD | +11% |
| Generation Engineer | 147,000 GYD | -2% |
| Genetic Engineer | 158,000 GYD | +5% |
| Geological Engineer | 160,000 GYD | +7% |
| Geotechnical Engineer | 155,000 GYD | +3% |
| Heavy Equipment Mechanic | 80,100 GYD | -47% |
| Highway Engineer | 144,000 GYD | -4% |
| HSE Professional | 137,000 GYD | -9% |
| HVAC Engineer | 152,000 GYD | +1% |
| HVAC Supervisor | 139,000 GYD | -7% |
| Industrial Engineer | 137,000 GYD | -9% |
| Industrial Engineering Technologist | 143,000 GYD | -5% |
| Instrument Engineer | 146,000 GYD | -3% |
| Instrumentation and Control Engineer | 143,000 GYD | -5% |
| Instrumentation Engineer | 150,000 GYD | -0% |
| Instrumentation Manager | 141,000 GYD | -6% |
| Irrigation Engineer | 137,000 GYD | -9% |
| Licensed Aircraft Engineer | 158,000 GYD | +5% |
| Locomotive Engineer | 140,000 GYD | -7% |
| Maintenance Engineer | 145,000 GYD | -3% |
| Maintenance Fitter | 50,900 GYD | -66% |
| Maintenance Manager | 147,000 GYD | -2% |
| Manufacturing Engineer | 148,000 GYD | -1% |
| Marine Engineer | 154,000 GYD | +3% |
| Materials Engineer | 149,000 GYD | -1% |
| Materials Researcher | 133,000 GYD | -11% |
| Materials Technician | 107,000 GYD | -29% |
| Mechanical and Electrical Engineer | 161,000 GYD | +7% |
| Mechanical Design Engineer | 158,000 GYD | +5% |
| Mechanical Designer | 127,000 GYD | -15% |
| Mechanical Engineer | 160,000 GYD | +7% |
| Mechanical Engineering Manager | 210,000 GYD | +40% |
| Mechanical Inspector | 137,000 GYD | -9% |
| Mechatronics Engineer | 150,000 GYD | -0% |
| Mining Engineer | 144,000 GYD | -4% |
| Oil and Petrochemical Engineer | 161,000 GYD | +7% |
| Optical Engineer | 140,000 GYD | -7% |
| Optical Instrument Assembler | 72,500 GYD | -52% |
| PCB Assembler | 54,600 GYD | -64% |
| Photonics Engineer | 169,000 GYD | +13% |
| Photonics Technician | 137,000 GYD | -9% |
| Pipeline Engineer | 135,000 GYD | -10% |
| Piping Designer | 79,700 GYD | -47% |
| Piping Engineer | 134,000 GYD | -11% |
| Planning Engineer | 148,000 GYD | -1% |
| Pressure Vessel Inspector | 72,000 GYD | -52% |
| Principal Cost Engineer | 147,000 GYD | -2% |
| Principal Engineer | 150,000 GYD | -0% |
| Principal Support Engineer | 149,000 GYD | -1% |
| Process Engineer | 145,000 GYD | -3% |
| Process Operator | 84,000 GYD | -44% |
| Product Development Engineer | 151,000 GYD | +1% |
| Product Development Technician | 105,000 GYD | -30% |
| Product Engineer | 150,000 GYD | -0% |
| Product Safety Engineer | 136,000 GYD | -9% |
| Production Engineer | 145,000 GYD | -3% |
| Project Engineer | 151,000 GYD | +1% |
| Proposal Manager | 190,000 GYD | +27% |
| Purchasing Engineer | 139,000 GYD | -7% |
| Quality Assurance Engineer | 141,000 GYD | -6% |
| Rail Engineer | 142,000 GYD | -5% |
| Robotics Engineer | 159,000 GYD | +6% |
| Robotics Technician | 127,000 GYD | -15% |
| Safety Engineer | 155,000 GYD | +3% |
| Safety Inspector | 115,000 GYD | -23% |
| Safety Manager | 183,000 GYD | +22% |
| Safety Officer | 77,500 GYD | -48% |
| Sales Engineer | 156,000 GYD | +4% |
| Scheduling Engineer | 132,000 GYD | -12% |
| Service Engineer | 160,000 GYD | +7% |
| Solar Engineer | 160,000 GYD | +7% |
| Staff Engineer | 146,000 GYD | -3% |
| Static Equipment Engineer | 150,000 GYD | -0% |
| Stationary Engineer | 130,000 GYD | -13% |
| Stress Engineer | 137,000 GYD | -9% |
| Structural Analysis Engineer | 144,000 GYD | -4% |
| Structural Designer | 133,000 GYD | -11% |
| Structural Engineer | 143,000 GYD | -5% |
| Structural Technician | 92,700 GYD | -38% |
| Supply Chain Specialist | 142,000 GYD | -5% |
| Surveyor | 115,000 GYD | -23% |
| Technical Affairs Officer | 72,200 GYD | -52% |
| Technical Assistant | 78,200 GYD | -48% |
| Technical Engineer | 122,000 GYD | -19% |
| Technical Support Engineer | 124,000 GYD | -17% |
| Tender Engineer | 129,000 GYD | -14% |
| Test Development Engineer | 146,000 GYD | -3% |
| Transportation Engineer | 146,000 GYD | -3% |
| Validation Engineer | 126,000 GYD | -16% |
| Verification Engineer | 145,000 GYD | -3% |
| Wastewater Engineer | 143,000 GYD | -5% |
| Wind Energy Engineer | 156,000 GYD | +4% |
| Wind Energy Operations Manager | 203,000 GYD | +35% |
| Work Planner | 103,000 GYD | -31% |
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 Guyana earn 14% more than their private sector counterparts on average across all sectors.
| Private Sector | 166,000 GYD | |
| Public Sector | +14% | 189,000 GYD |
