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Drilling Engineer Average Salary in Latvia 2021

How much money does a Drilling Engineer make in Latvia?


Average Monthly Salary
1,140 LVL
( 13,700 LVL yearly)

LOW
560
LVL
AVERAGE
1,140
LVL
HIGH
1,780
LVL

A person working as a Drilling Engineer in Latvia typically earns around 1,140 LVL per month. Salaries range from 560 LVL (lowest) to 1,780 LVL (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 Latvia

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

  • Salary Range

    Drilling Engineer salaries in Latvia range from 560 LVL per month (minimum salary) to 1,780 LVL per month (maximum salary).

  • Median Salary

    The median salary is 1,170 LVL per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 1,170 LVL while the other half are earning more than 1,170 LVL. 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 780 LVL while 75% of them are earning more than 780 LVL. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 1,500 LVL while 25% are earning more than 1,500 LVL.


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 Latvia 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 660 LVL per month.

While someone with an experience level between two and five years is expected to earn 850 LVL per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 1,180 LVL per month, 38% 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 1,460 LVL per month, 24% 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 1,560 LVL per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 1,670 LVL per month, 7% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Latvia

0 - 2 Years
660 LVL
2 - 5 Years+29%
850 LVL
5 - 10 Years+38%
1,180 LVL
10 - 15 Years+24%
1,460 LVL
15 - 20 Years+7%
1,560 LVL
20+ Years+7%
1,670 LVL
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 Latvia 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 850 LVL per month.

While someone with a Bachelor's Degree gets a salary of 1,150 LVL per month, 34% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 1,760 LVL per month, 53% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Latvia

Certificate or Diploma
850 LVL
Bachelor's Degree+34%
1,150 LVL
Master's Degree+53%
1,760 LVL
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 Latvia costs anywhere from 6,510 Latvian Lats(s) to 19,500 Latvian Lats(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 Latvia 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 Latvia earn 5% more than their female counterparts on average.

Male
1,170 LVL
Female-5%
1,110 LVL
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Latvia for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Latvia are likely to observe a salary increase of approximately 11% every 18 months. The national average annual increment for all professions combined is 8% granted to employees every 18 months.

Annual Salary Increment Rate Latvia 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.

Latvia / 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 Latvia is 5%.

Annual Increment Rate By Industry 2020

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

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

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

71% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 29% 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
29%
No Bonus
71%

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 Latvia


7 LVL per hour

The average hourly wage (pay per hour) in Latvia is 7 LVL. This means that the average Drilling Engineer in Latvia earns approximately 7 LVL 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 Latvia
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The average salary for Drilling Engineer is 4% 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 Engineer1,140 LVL-0%
Assembly Engineering Technician910 LVL-20%
Assistant Chief Engineer1,350 LVL+18%
Associate Engineer1,030 LVL-10%
Autocad Operator740 LVL-35%
Automation Engineer1,320 LVL+15%
Avionic System Support Engineer1,160 LVL+1%
Biochemical Engineer1,110 LVL-3%
BMS Engineer1,050 LVL-8%
Bridge and Lock Tender650 LVL-43%
Broadcast Engineer1,210 LVL+6%
CAD Design Engineer1,260 LVL+10%
CAD Designer780 LVL-32%
CAE Engineer1,180 LVL+3%
Ceramics Engineer1,120 LVL-2%
Civil Engineer1,170 LVL+2%
Commissioning Engineer1,180 LVL+3%
Communications Engineer1,230 LVL+8%
Condition Monitoring Engineer1,040 LVL-9%
Contract Associate Engineer1,130 LVL-1%
Control Systems Engineer1,170 LVL+2%
Controls Engineer1,120 LVL-2%
Controls Software Engineer1,060 LVL-7%
Corrosion Engineer1,080 LVL-6%
Design Engineer1,180 LVL+3%
Drafter750 LVL-34%
Drafting Manager1,400 LVL+22%
Drilling Engineer1,140 LVL-0%
Electrical Draughtsman580 LVL-49%
Electrical Engineer1,320 LVL+15%
Electrical Engineering Manager1,750 LVL+53%
Electromechanical Engineering Technologist1,310 LVL+15%
Electromechanical Equipment Assembler650 LVL-43%
Energy Engineer1,260 LVL+10%
Engine Assembler520 LVL-55%
Engineer1,310 LVL+15%
Engineering Account Manager1,330 LVL+16%
Engineering Chief Designer1,340 LVL+17%
Engineering Consultant1,630 LVL+43%
Engineering Key Account Manager1,690 LVL+48%
Engineering Lab Technician1,100 LVL-4%
Engineering Planning Manager1,570 LVL+37%
Engineering Production Manager2,180 LVL+91%
Engineering Project Analyst1,440 LVL+26%
Engineering Project Coordinator 1,390 LVL+22%
Engineering Project Director2,440 LVL+110%
Engineering Project Manager1,620 LVL+42%
Engineering Research and Development Manager1,870 LVL+64%
Engineering Safety Coordinator930 LVL-19%
Engineering Sales Manager1,620 LVL+42%
Engineering Technician900 LVL-21%
Engineering Technologist890 LVL-22%
Environmental Engineer1,120 LVL-2%
Equipment Engineer1,060 LVL-7%
Equipment Engineering Manager1,560 LVL+36%
Estimator990 LVL-13%
Fabrication Specialist850 LVL-26%
Fabricator560 LVL-51%
Facade Engineer1,110 LVL-3%
Fiber Analyst700 LVL-39%
Field Engineer1,250 LVL+9%
Field Engineering Manager2,080 LVL+82%
Fire Engineer1,210 LVL+6%
Fitter and Turner390 LVL-66%
Forestry Strategic Planner1,330 LVL+16%
Generation Engineer1,170 LVL+2%
Genetic Engineer1,360 LVL+19%
Geological Engineer1,220 LVL+7%
Geotechnical Engineer1,200 LVL+5%
Heavy Equipment Mechanic620 LVL-46%
Highway Engineer1,150 LVL+1%
HSE Professional1,130 LVL-1%
HVAC Engineer1,250 LVL+9%
HVAC Supervisor1,080 LVL-6%
Industrial Engineer1,150 LVL+1%
Industrial Engineering Technologist1,120 LVL-2%
Instrument Engineer1,110 LVL-3%
Instrumentation and Control Engineer1,170 LVL+2%
Instrumentation Engineer1,140 LVL-0%
Instrumentation Manager1,210 LVL+6%
Irrigation Engineer1,180 LVL+3%
Licensed Aircraft Engineer1,330 LVL+16%
Locomotive Engineer1,090 LVL-5%
Maintenance Engineer1,160 LVL+1%
Maintenance Fitter410 LVL-64%
Maintenance Manager1,180 LVL+3%
Manufacturing Engineer1,100 LVL-4%
Marine Engineer1,170 LVL+2%
Materials Engineer1,160 LVL+1%
Materials Researcher1,060 LVL-7%
Materials Technician880 LVL-23%
Mechanical and Electrical Engineer1,250 LVL+9%
Mechanical Design Engineer1,230 LVL+8%
Mechanical Designer1,020 LVL-11%
Mechanical Engineer1,280 LVL+12%
Mechanical Engineering Manager1,720 LVL+50%
Mechanical Inspector1,120 LVL-2%
Mechatronics Engineer1,260 LVL+10%
Mining Engineer1,180 LVL+3%
Oil and Petrochemical Engineer1,250 LVL+9%
Optical Engineer1,120 LVL-2%
Optical Instrument Assembler600 LVL-48%
PCB Assembler450 LVL-61%
Photonics Engineer1,320 LVL+15%
Photonics Technician1,100 LVL-4%
Pipeline Engineer1,110 LVL-3%
Piping Designer670 LVL-41%
Piping Engineer1,040 LVL-9%
Planning Engineer1,240 LVL+8%
Pressure Vessel Inspector560 LVL-51%
Principal Cost Engineer1,150 LVL+1%
Principal Engineer1,140 LVL-0%
Principal Support Engineer1,160 LVL+1%
Process Engineer1,160 LVL+1%
Process Operator710 LVL-38%
Product Development Engineer1,240 LVL+8%
Product Development Technician820 LVL-28%
Product Engineer1,260 LVL+10%
Product Safety Engineer1,170 LVL+2%
Production Engineer1,220 LVL+7%
Project Engineer1,310 LVL+15%
Proposal Manager1,550 LVL+36%
Purchasing Engineer1,060 LVL-7%
Quality Assurance Engineer1,130 LVL-1%
Rail Engineer1,170 LVL+2%
Robotics Engineer1,310 LVL+15%
Robotics Technician960 LVL-16%
Safety Engineer1,180 LVL+3%
Safety Inspector940 LVL-18%
Safety Manager1,360 LVL+19%
Safety Officer590 LVL-48%
Sales Engineer1,210 LVL+6%
Scheduling Engineer1,060 LVL-7%
Service Engineer1,190 LVL+4%
Solar Engineer1,220 LVL+7%
Staff Engineer1,190 LVL+4%
Static Equipment Engineer1,140 LVL-0%
Stationary Engineer1,120 LVL-2%
Stress Engineer1,070 LVL-6%
Structural Analysis Engineer1,150 LVL+1%
Structural Designer1,060 LVL-7%
Structural Engineer1,170 LVL+2%
Structural Technician780 LVL-32%
Supply Chain Specialist1,190 LVL+4%
Surveyor920 LVL-20%
Technical Affairs Officer590 LVL-48%
Technical Assistant630 LVL-45%
Technical Engineer1,000 LVL-13%
Technical Support Engineer1,040 LVL-9%
Tender Engineer1,030 LVL-10%
Test Development Engineer1,110 LVL-3%
Transportation Engineer1,140 LVL-0%
Validation Engineer1,060 LVL-7%
Verification Engineer1,160 LVL+1%
Wastewater Engineer1,120 LVL-2%
Wind Energy Engineer1,190 LVL+4%
Wind Energy Operations Manager1,580 LVL+38%
Work Planner810 LVL-29%

Salary Comparison By City

CityAverage Salary
Riga1,220 LVL

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

Private Sector
1,250 LVL
Public Sector+7%
1,340 LVL
Percentage increase and decrease are relative to the previous value

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