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Drilling Engineer Average Salary in Honduras 2021

How much money does a Drilling Engineer make in Honduras?


Average Monthly Salary
23,400 HNL
( 281,000 HNL yearly)

LOW
10,800
HNL
AVERAGE
23,400
HNL
HIGH
37,200
HNL

A person working as a Drilling Engineer in Honduras typically earns around 23,400 HNL per month. Salaries range from 10,800 HNL (lowest) to 37,200 HNL (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 Honduras

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

  • Salary Range

    Drilling Engineer salaries in Honduras range from 10,800 HNL per month (minimum salary) to 37,200 HNL per month (maximum salary).

  • Median Salary

    The median salary is 25,300 HNL per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 25,300 HNL while the other half are earning more than 25,300 HNL. 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 16,200 HNL while 75% of them are earning more than 16,200 HNL. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 33,800 HNL while 25% are earning more than 33,800 HNL.


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 Honduras 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 12,200 HNL per month.

While someone with an experience level between two and five years is expected to earn 16,300 HNL 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 24,100 HNL 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 29,400 HNL 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 32,100 HNL 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 34,700 HNL per month, 8% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Honduras

0 - 2 Years
12,200 HNL
2 - 5 Years+34%
16,300 HNL
5 - 10 Years+48%
24,100 HNL
10 - 15 Years+22%
29,400 HNL
15 - 20 Years+9%
32,100 HNL
20+ Years+8%
34,700 HNL
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 Honduras 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 13,900 HNL per month.

While someone with a Bachelor's Degree gets a salary of 21,900 HNL per month, 57% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 36,700 HNL per month, 68% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Honduras

Certificate or Diploma
13,900 HNL
Bachelor's Degree+57%
21,900 HNL
Master's Degree+68%
36,700 HNL
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 Honduras costs anywhere from 141,000 Lempira(s) to 422,000 Lempira(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 Honduras 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 Honduras earn 15% more than their female counterparts on average.

Male
25,000 HNL
Female-13%
21,800 HNL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Honduras for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Honduras 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 Honduras 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.

Honduras / 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 Honduras is 2%.

Annual Increment Rate By Industry 2020

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

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

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


140 HNL per hour

The average hourly wage (pay per hour) in Honduras is 140 HNL. This means that the average Drilling Engineer in Honduras earns approximately 140 HNL 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 Honduras
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The average salary for Drilling Engineer is 1% 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 Engineer22,900 HNL-2%
Assembly Engineering Technician18,900 HNL-19%
Assistant Chief Engineer27,300 HNL+17%
Associate Engineer22,200 HNL-5%
Autocad Operator15,400 HNL-34%
Automation Engineer25,400 HNL+8%
Avionic System Support Engineer22,100 HNL-6%
Biochemical Engineer22,600 HNL-3%
BMS Engineer21,900 HNL-6%
Bridge and Lock Tender12,300 HNL-47%
Broadcast Engineer22,600 HNL-3%
CAD Design Engineer24,600 HNL+5%
CAD Designer14,900 HNL-36%
CAE Engineer23,000 HNL-2%
Ceramics Engineer22,200 HNL-5%
Civil Engineer25,000 HNL+7%
Commissioning Engineer22,500 HNL-4%
Communications Engineer24,800 HNL+6%
Condition Monitoring Engineer21,100 HNL-10%
Contract Associate Engineer23,000 HNL-2%
Control Systems Engineer22,800 HNL-3%
Controls Engineer23,500 HNL+0%
Controls Software Engineer20,300 HNL-13%
Corrosion Engineer22,400 HNL-4%
Design Engineer24,700 HNL+5%
Drafter14,400 HNL-38%
Drafting Manager26,300 HNL+12%
Drilling Engineer23,400 HNL-0%
Electrical Draughtsman11,900 HNL-49%
Electrical Engineer26,400 HNL+13%
Electrical Engineering Manager34,300 HNL+46%
Electromechanical Engineering Technologist25,700 HNL+10%
Electromechanical Equipment Assembler12,500 HNL-47%
Energy Engineer24,800 HNL+6%
Engine Assembler10,100 HNL-57%
Engineer25,200 HNL+8%
Engineering Account Manager28,100 HNL+20%
Engineering Chief Designer26,600 HNL+14%
Engineering Consultant33,500 HNL+43%
Engineering Key Account Manager32,700 HNL+40%
Engineering Lab Technician23,300 HNL-0%
Engineering Planning Manager34,300 HNL+46%
Engineering Production Manager43,800 HNL+87%
Engineering Project Analyst28,400 HNL+21%
Engineering Project Coordinator 27,800 HNL+19%
Engineering Project Director50,200 HNL+110%
Engineering Project Manager32,500 HNL+39%
Engineering Research and Development Manager36,300 HNL+55%
Engineering Safety Coordinator17,600 HNL-25%
Engineering Sales Manager30,800 HNL+32%
Engineering Technician18,000 HNL-23%
Engineering Technologist18,400 HNL-21%
Environmental Engineer23,200 HNL-1%
Equipment Engineer21,600 HNL-8%
Equipment Engineering Manager31,000 HNL+32%
Estimator20,200 HNL-14%
Fabrication Specialist16,800 HNL-28%
Fabricator10,800 HNL-54%
Facade Engineer24,100 HNL+3%
Fiber Analyst13,000 HNL-44%
Field Engineer24,400 HNL+4%
Field Engineering Manager39,400 HNL+68%
Fire Engineer23,600 HNL+1%
Fitter and Turner7,490 HNL-68%
Forestry Strategic Planner28,000 HNL+20%
Generation Engineer23,200 HNL-1%
Genetic Engineer26,200 HNL+12%
Geological Engineer24,500 HNL+5%
Geotechnical Engineer24,700 HNL+5%
Heavy Equipment Mechanic12,300 HNL-47%
Highway Engineer23,100 HNL-1%
HSE Professional21,500 HNL-8%
HVAC Engineer24,500 HNL+5%
HVAC Supervisor22,400 HNL-4%
Industrial Engineer22,100 HNL-6%
Industrial Engineering Technologist23,000 HNL-2%
Instrument Engineer22,200 HNL-5%
Instrumentation and Control Engineer22,200 HNL-5%
Instrumentation Engineer22,600 HNL-3%
Instrumentation Manager24,400 HNL+4%
Irrigation Engineer22,200 HNL-5%
Licensed Aircraft Engineer24,400 HNL+4%
Locomotive Engineer22,100 HNL-6%
Maintenance Engineer21,400 HNL-9%
Maintenance Fitter8,320 HNL-64%
Maintenance Manager23,700 HNL+1%
Manufacturing Engineer21,800 HNL-7%
Marine Engineer22,700 HNL-3%
Materials Engineer22,000 HNL-6%
Materials Researcher22,000 HNL-6%
Materials Technician17,000 HNL-27%
Mechanical and Electrical Engineer25,000 HNL+7%
Mechanical Design Engineer25,500 HNL+9%
Mechanical Designer20,500 HNL-12%
Mechanical Engineer26,400 HNL+13%
Mechanical Engineering Manager34,600 HNL+48%
Mechanical Inspector22,800 HNL-3%
Mechatronics Engineer25,000 HNL+7%
Mining Engineer22,400 HNL-4%
Oil and Petrochemical Engineer26,700 HNL+14%
Optical Engineer22,500 HNL-4%
Optical Instrument Assembler11,700 HNL-50%
PCB Assembler8,860 HNL-62%
Photonics Engineer26,100 HNL+11%
Photonics Technician21,200 HNL-9%
Pipeline Engineer20,900 HNL-11%
Piping Designer12,300 HNL-47%
Piping Engineer20,700 HNL-12%
Planning Engineer24,000 HNL+3%
Pressure Vessel Inspector11,600 HNL-50%
Principal Cost Engineer23,600 HNL+1%
Principal Engineer22,800 HNL-3%
Principal Support Engineer25,100 HNL+7%
Process Engineer24,100 HNL+3%
Process Operator13,600 HNL-42%
Product Development Engineer25,200 HNL+8%
Product Development Technician16,900 HNL-28%
Product Engineer25,100 HNL+7%
Product Safety Engineer22,500 HNL-4%
Production Engineer23,600 HNL+1%
Project Engineer25,500 HNL+9%
Proposal Manager30,700 HNL+31%
Purchasing Engineer21,600 HNL-8%
Quality Assurance Engineer23,700 HNL+1%
Rail Engineer24,000 HNL+3%
Robotics Engineer27,400 HNL+17%
Robotics Technician19,700 HNL-16%
Safety Engineer23,700 HNL+1%
Safety Inspector18,000 HNL-23%
Safety Manager29,300 HNL+25%
Safety Officer11,800 HNL-50%
Sales Engineer24,100 HNL+3%
Scheduling Engineer20,900 HNL-11%
Service Engineer24,400 HNL+4%
Solar Engineer24,300 HNL+4%
Staff Engineer23,200 HNL-1%
Static Equipment Engineer23,400 HNL-0%
Stationary Engineer21,800 HNL-7%
Stress Engineer22,700 HNL-3%
Structural Analysis Engineer23,900 HNL+2%
Structural Designer21,500 HNL-8%
Structural Engineer23,800 HNL+2%
Structural Technician15,500 HNL-34%
Supply Chain Specialist23,400 HNL-0%
Surveyor17,600 HNL-25%
Technical Affairs Officer11,800 HNL-50%
Technical Assistant11,700 HNL-50%
Technical Engineer20,400 HNL-13%
Technical Support Engineer21,100 HNL-10%
Tender Engineer20,700 HNL-12%
Test Development Engineer24,100 HNL+3%
Transportation Engineer22,400 HNL-4%
Validation Engineer21,100 HNL-10%
Verification Engineer22,100 HNL-6%
Wastewater Engineer22,200 HNL-5%
Wind Energy Engineer24,700 HNL+5%
Wind Energy Operations Manager32,200 HNL+38%
Work Planner17,200 HNL-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 Honduras earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
25,900 HNL
Public Sector+14%
29,500 HNL
Percentage increase and decrease are relative to the previous value

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