Drilling Engineer Average Salary in Honduras 2021
How much money does a Drilling Engineer make in Honduras?
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
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?
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.
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 |
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 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 |
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
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 Honduras earn 15% more than their female counterparts on average.
| Male | 25,000 HNL | |
| Female | -13% | 21,800 HNL |
Salary Comparison By Gender in Honduras for all Careers
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.
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
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
Drilling Engineer Bonus and Incentive Rates in Honduras
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 Honduras
140 HNL per hourThe 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.
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% less 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 | 22,900 HNL |  -2% |
| Assembly Engineering Technician | 18,900 HNL | -19% |
| Assistant Chief Engineer | 27,300 HNL |  +17% |
| Associate Engineer | 22,200 HNL | -5% |
| Autocad Operator | 15,400 HNL | -34% |
| Automation Engineer | 25,400 HNL | +8% |
| Avionic System Support Engineer | 22,100 HNL | -6% |
| Biochemical Engineer | 22,600 HNL | -3% |
| BMS Engineer | 21,900 HNL | -6% |
| Bridge and Lock Tender | 12,300 HNL | -47% |
| Broadcast Engineer | 22,600 HNL | -3% |
| CAD Design Engineer | 24,600 HNL | +5% |
| CAD Designer | 14,900 HNL | -36% |
| CAE Engineer | 23,000 HNL | -2% |
| Ceramics Engineer | 22,200 HNL | -5% |
| Civil Engineer | 25,000 HNL | +7% |
| Commissioning Engineer | 22,500 HNL | -4% |
| Communications Engineer | 24,800 HNL | +6% |
| Condition Monitoring Engineer | 21,100 HNL | -10% |
| Contract Associate Engineer | 23,000 HNL | -2% |
| Control Systems Engineer | 22,800 HNL | -3% |
| Controls Engineer | 23,500 HNL | +0% |
| Controls Software Engineer | 20,300 HNL | -13% |
| Corrosion Engineer | 22,400 HNL | -4% |
| Design Engineer | 24,700 HNL | +5% |
| Drafter | 14,400 HNL | -38% |
| Drafting Manager | 26,300 HNL | +12% |
| Drilling Engineer | 23,400 HNL | -0% |
| Electrical Draughtsman | 11,900 HNL | -49% |
| Electrical Engineer | 26,400 HNL | +13% |
| Electrical Engineering Manager | 34,300 HNL | +46% |
| Electromechanical Engineering Technologist | 25,700 HNL | +10% |
| Electromechanical Equipment Assembler | 12,500 HNL | -47% |
| Energy Engineer | 24,800 HNL | +6% |
| Engine Assembler | 10,100 HNL | -57% |
| Engineer | 25,200 HNL | +8% |
| Engineering Account Manager | 28,100 HNL | +20% |
| Engineering Chief Designer | 26,600 HNL | +14% |
| Engineering Consultant | 33,500 HNL | +43% |
| Engineering Key Account Manager | 32,700 HNL | +40% |
| Engineering Lab Technician | 23,300 HNL | -0% |
| Engineering Planning Manager | 34,300 HNL | +46% |
| Engineering Production Manager | 43,800 HNL | +87% |
| Engineering Project Analyst | 28,400 HNL | +21% |
| Engineering Project Coordinator | 27,800 HNL | +19% |
| Engineering Project Director | 50,200 HNL | +110% |
| Engineering Project Manager | 32,500 HNL | +39% |
| Engineering Research and Development Manager | 36,300 HNL | +55% |
| Engineering Safety Coordinator | 17,600 HNL | -25% |
| Engineering Sales Manager | 30,800 HNL | +32% |
| Engineering Technician | 18,000 HNL | -23% |
| Engineering Technologist | 18,400 HNL | -21% |
| Environmental Engineer | 23,200 HNL | -1% |
| Equipment Engineer | 21,600 HNL | -8% |
| Equipment Engineering Manager | 31,000 HNL | +32% |
| Estimator | 20,200 HNL | -14% |
| Fabrication Specialist | 16,800 HNL | -28% |
| Fabricator | 10,800 HNL | -54% |
| Facade Engineer | 24,100 HNL | +3% |
| Fiber Analyst | 13,000 HNL | -44% |
| Field Engineer | 24,400 HNL | +4% |
| Field Engineering Manager | 39,400 HNL | +68% |
| Fire Engineer | 23,600 HNL | +1% |
| Fitter and Turner | 7,490 HNL | -68% |
| Forestry Strategic Planner | 28,000 HNL | +20% |
| Generation Engineer | 23,200 HNL | -1% |
| Genetic Engineer | 26,200 HNL | +12% |
| Geological Engineer | 24,500 HNL | +5% |
| Geotechnical Engineer | 24,700 HNL | +5% |
| Heavy Equipment Mechanic | 12,300 HNL | -47% |
| Highway Engineer | 23,100 HNL | -1% |
| HSE Professional | 21,500 HNL | -8% |
| HVAC Engineer | 24,500 HNL | +5% |
| HVAC Supervisor | 22,400 HNL | -4% |
| Industrial Engineer | 22,100 HNL | -6% |
| Industrial Engineering Technologist | 23,000 HNL | -2% |
| Instrument Engineer | 22,200 HNL | -5% |
| Instrumentation and Control Engineer | 22,200 HNL | -5% |
| Instrumentation Engineer | 22,600 HNL | -3% |
| Instrumentation Manager | 24,400 HNL | +4% |
| Irrigation Engineer | 22,200 HNL | -5% |
| Licensed Aircraft Engineer | 24,400 HNL | +4% |
| Locomotive Engineer | 22,100 HNL | -6% |
| Maintenance Engineer | 21,400 HNL | -9% |
| Maintenance Fitter | 8,320 HNL | -64% |
| Maintenance Manager | 23,700 HNL | +1% |
| Manufacturing Engineer | 21,800 HNL | -7% |
| Marine Engineer | 22,700 HNL | -3% |
| Materials Engineer | 22,000 HNL | -6% |
| Materials Researcher | 22,000 HNL | -6% |
| Materials Technician | 17,000 HNL | -27% |
| Mechanical and Electrical Engineer | 25,000 HNL | +7% |
| Mechanical Design Engineer | 25,500 HNL | +9% |
| Mechanical Designer | 20,500 HNL | -12% |
| Mechanical Engineer | 26,400 HNL | +13% |
| Mechanical Engineering Manager | 34,600 HNL | +48% |
| Mechanical Inspector | 22,800 HNL | -3% |
| Mechatronics Engineer | 25,000 HNL | +7% |
| Mining Engineer | 22,400 HNL | -4% |
| Oil and Petrochemical Engineer | 26,700 HNL | +14% |
| Optical Engineer | 22,500 HNL | -4% |
| Optical Instrument Assembler | 11,700 HNL | -50% |
| PCB Assembler | 8,860 HNL | -62% |
| Photonics Engineer | 26,100 HNL | +11% |
| Photonics Technician | 21,200 HNL | -9% |
| Pipeline Engineer | 20,900 HNL | -11% |
| Piping Designer | 12,300 HNL | -47% |
| Piping Engineer | 20,700 HNL | -12% |
| Planning Engineer | 24,000 HNL | +3% |
| Pressure Vessel Inspector | 11,600 HNL | -50% |
| Principal Cost Engineer | 23,600 HNL | +1% |
| Principal Engineer | 22,800 HNL | -3% |
| Principal Support Engineer | 25,100 HNL | +7% |
| Process Engineer | 24,100 HNL | +3% |
| Process Operator | 13,600 HNL | -42% |
| Product Development Engineer | 25,200 HNL | +8% |
| Product Development Technician | 16,900 HNL | -28% |
| Product Engineer | 25,100 HNL | +7% |
| Product Safety Engineer | 22,500 HNL | -4% |
| Production Engineer | 23,600 HNL | +1% |
| Project Engineer | 25,500 HNL | +9% |
| Proposal Manager | 30,700 HNL | +31% |
| Purchasing Engineer | 21,600 HNL | -8% |
| Quality Assurance Engineer | 23,700 HNL | +1% |
| Rail Engineer | 24,000 HNL | +3% |
| Robotics Engineer | 27,400 HNL | +17% |
| Robotics Technician | 19,700 HNL | -16% |
| Safety Engineer | 23,700 HNL | +1% |
| Safety Inspector | 18,000 HNL | -23% |
| Safety Manager | 29,300 HNL | +25% |
| Safety Officer | 11,800 HNL | -50% |
| Sales Engineer | 24,100 HNL | +3% |
| Scheduling Engineer | 20,900 HNL | -11% |
| Service Engineer | 24,400 HNL | +4% |
| Solar Engineer | 24,300 HNL | +4% |
| Staff Engineer | 23,200 HNL | -1% |
| Static Equipment Engineer | 23,400 HNL | -0% |
| Stationary Engineer | 21,800 HNL | -7% |
| Stress Engineer | 22,700 HNL | -3% |
| Structural Analysis Engineer | 23,900 HNL | +2% |
| Structural Designer | 21,500 HNL | -8% |
| Structural Engineer | 23,800 HNL | +2% |
| Structural Technician | 15,500 HNL | -34% |
| Supply Chain Specialist | 23,400 HNL | -0% |
| Surveyor | 17,600 HNL | -25% |
| Technical Affairs Officer | 11,800 HNL | -50% |
| Technical Assistant | 11,700 HNL | -50% |
| Technical Engineer | 20,400 HNL | -13% |
| Technical Support Engineer | 21,100 HNL | -10% |
| Tender Engineer | 20,700 HNL | -12% |
| Test Development Engineer | 24,100 HNL | +3% |
| Transportation Engineer | 22,400 HNL | -4% |
| Validation Engineer | 21,100 HNL | -10% |
| Verification Engineer | 22,100 HNL | -6% |
| Wastewater Engineer | 22,200 HNL | -5% |
| Wind Energy Engineer | 24,700 HNL | +5% |
| Wind Energy Operations Manager | 32,200 HNL | +38% |
| Work Planner | 17,200 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 |
