A person working as a Fuel Cell Engineer in Montserrat typically earns around 2,640 XCD per month. Salaries range from 1,350 XCD (lowest) to 4,060 XCD (highest).
This is the average monthly salary including housing, transport, and other benefits. Fuel Cell Engineer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Fuel Cell Engineer salaries in Montserrat range from 1,350 XCD per month (minimum salary) to 4,060 XCD per month (maximum salary).
The median salary is 2,590 XCD per month, which means that half (50%) of people working as Fuel Cell Engineer(s) are earning less than 2,590 XCD while the other half are earning more than 2,590 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.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Fuel Cell Engineer(s) are earning less than 1,770 XCD while 75% of them are earning more than 1,770 XCD. Also from the diagram, 75% of Fuel Cell Engineer(s) are earning less than 3,260 XCD while 25% are earning more than 3,260 XCD.
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
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 Fuel Cell Engineer salaries by experience level and this is what we found.
A Fuel Cell Engineer with less than two years of experience makes approximately 1,510 XCD per month.
While someone with an experience level between two and five years is expected to earn 1,970 XCD per month, 31% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,760 XCD per month, 40% more than someone with two to five years of experience.
Additionally, Fuel Cell Engineer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,320 XCD per month, 20% 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 3,600 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 3,890 XCD per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+31%|
|5 - 10 Years||+40%|
|10 - 15 Years||+20%|
|15 - 20 Years||+9%|
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 Fuel Cell Engineer salaries by education level in order to make a comparison.
When the education level is Bachelor's Degree, the average salary of a Fuel Cell Engineer is 1,860 XCD per month.
While someone with a Master's Degree gets a salary of 3,300 XCD per month, 77% more than someone having a Bachelor's Degree degree.
A Master's degree program or any post-graduate program in Montserrat costs anywhere from 13,600 East Caribbean Dollar(s) to 40,700 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Fuel Cell Engineer employees in Montserrat earn 16% more than their female counterparts on average.
Fuel Cell Engineer(s) in Montserrat are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.
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.
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
Listed above are the average annual increase rates for each industry in Montserrat 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.
A Fuel Cell Engineer is considered to be a moderate 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.
64% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 36% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
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.
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.
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.
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.
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.
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.
The average salary for Fuel Cell Engineer is 8% more than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.
|Job Title||Average Salary|
|Assistant Yard Manager||2,420 XCD||-8%|
|Associate Analyst||2,640 XCD||+0%|
|Associate Landman||1,110 XCD||-58%|
|Auxiliary Equipment Operator||1,030 XCD||-61%|
|Biomass Plant Technician||1,170 XCD||-56%|
|Biomass Power Plant Manager||3,510 XCD||+33%|
|Chemical Plant Operator||1,990 XCD||-25%|
|Chief Contract Compliance Engineer||2,700 XCD||+2%|
|Completions Engineer||2,390 XCD||-9%|
|Cost Controller||1,730 XCD||-34%|
|Crude Oil Marketing Representative||2,700 XCD||+2%|
|Distribution Manager||3,520 XCD||+33%|
|Dragline Operator||1,170 XCD||-56%|
|Driller Offsider||870 XCD||-67%|
|Dump Truck Driver||960 XCD||-64%|
|Electric and Gas Operations Manager||5,540 XCD||+110%|
|Energy Advisor||3,800 XCD||+44%|
|Energy Analyst||3,670 XCD||+39%|
|Energy Auditor||3,070 XCD||+16%|
|Energy Dispatch Director||4,370 XCD||+66%|
|Energy Technical Assistant||1,520 XCD||-42%|
|Energy Technical Manager||3,080 XCD||+17%|
|Energy Technical Trainer||2,090 XCD||-21%|
|Exploration Manager||4,190 XCD||+59%|
|Field Safety Auditor||2,930 XCD||+11%|
|Fluids Engineer||2,450 XCD||-7%|
|Fuel Cell Engineer||2,640 XCD||+0%|
|Fuel Cell Technician||1,320 XCD||-50%|
|Fuels Handler||1,170 XCD||-56%|
|Gas Compressor Operator||1,110 XCD||-58%|
|Gas Distribution Plant Operator||1,950 XCD||-26%|
|Gas Supply Manager||3,610 XCD||+37%|
|Geothermal Production Manager||4,260 XCD||+61%|
|Geothermal Technician||1,820 XCD||-31%|
|HSE Engineer||2,620 XCD||-1%|
|HSE Officer||1,510 XCD||-43%|
|HSEQ Administrator||1,820 XCD||-31%|
|Instrument Designer||1,920 XCD||-27%|
|Lead Technical Field Advisor||3,220 XCD||+22%|
|Logistics and Tool Coordinator||2,110 XCD||-20%|
|Maintenance Engineer||2,530 XCD||-4%|
|Maintenance Superintendent||2,280 XCD||-14%|
|Material Controller||1,710 XCD||-35%|
|Mine Engineer||2,510 XCD||-5%|
|Mine Surveyor||2,850 XCD||+8%|
|Mining Project Administrator||2,160 XCD||-18%|
|Mining Project Assistant||1,780 XCD||-33%|
|Mining Project Controls Consultant||2,660 XCD||+1%|
|Mining Project Coordinator||2,270 XCD||-14%|
|Mining Project Engineer||2,440 XCD||-8%|
|Mining Project Manager||3,020 XCD||+14%|
|Mining Site Manager||3,310 XCD||+25%|
|Mining Team Leader||2,530 XCD||-4%|
|NDT Technician||1,540 XCD||-42%|
|Oil Service Unit Operator||1,310 XCD||-50%|
|Oil Trader||3,360 XCD||+27%|
|Oilwell Pumper||920 XCD||-65%|
|Petroleum Engineer||2,760 XCD||+5%|
|Petroleum Geologist||4,620 XCD||+75%|
|Petroleum Pump System Operator||1,420 XCD||-46%|
|Pipeline Technician||940 XCD||-64%|
|Power Coordinator||1,470 XCD||-44%|
|Power Plant Operations Manager||4,990 XCD||+89%|
|Power Plant Operator||2,040 XCD||-23%|
|Radio Operator||1,070 XCD||-59%|
|Reliability Engineer||2,450 XCD||-7%|
|Reservoir Engineer||2,320 XCD||-12%|
|Risk Analyst||3,030 XCD||+15%|
|Shutdown Engineer||2,030 XCD||-23%|
|Solar Energy Installation Manager||3,710 XCD||+41%|
|Solar Energy Systems Engineer||2,470 XCD||-6%|
|Solar Photovoltaic Installer||1,630 XCD||-38%|
|Solar Thermal Technician||1,470 XCD||-44%|
|Supply Operations Manager||4,200 XCD||+59%|
|Sustainability Specialist||3,900 XCD||+48%|
|System Development Advisor||2,880 XCD||+9%|
|Tanker Truck Driver||930 XCD||-65%|
|Utility Operator||1,350 XCD||-49%|
|Wind Energy Project Manager||3,420 XCD||+30%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Montserrat earn 11% more than their private sector counterparts on average across all sectors.