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Drilling Engineer Average Salary in Montserrat 2021

How much money does a Drilling Engineer make in Montserrat?


Average Monthly Salary
2,240 XCD
( 26,900 XCD yearly)

LOW
1,100
XCD
AVERAGE
2,240
XCD
HIGH
3,500
XCD

A person working as a Drilling Engineer in Montserrat typically earns around 2,240 XCD per month. Salaries range from 1,100 XCD (lowest) to 3,500 XCD (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 Montserrat

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

  • Salary Range

    Drilling Engineer salaries in Montserrat range from 1,100 XCD per month (minimum salary) to 3,500 XCD per month (maximum salary).

  • Median Salary

    The median salary is 2,290 XCD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 2,290 XCD while the other half are earning more than 2,290 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.

  • 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 1,520 XCD while 75% of them are earning more than 1,520 XCD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 2,950 XCD while 25% are earning more than 2,950 XCD.


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 Montserrat 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 1,300 XCD per month.

While someone with an experience level between two and five years is expected to earn 1,670 XCD 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 2,310 XCD 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 2,860 XCD 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 3,070 XCD 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 3,270 XCD per month, 7% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Montserrat

0 - 2 Years
1,300 XCD
2 - 5 Years+29%
1,670 XCD
5 - 10 Years+38%
2,310 XCD
10 - 15 Years+24%
2,860 XCD
15 - 20 Years+7%
3,070 XCD
20+ Years+7%
3,270 XCD
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 Montserrat 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 1,670 XCD per month.

While someone with a Bachelor's Degree gets a salary of 2,250 XCD per month, 34% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 3,450 XCD per month, 53% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Montserrat

Certificate or Diploma
1,670 XCD
Bachelor's Degree+34%
2,250 XCD
Master's Degree+53%
3,450 XCD
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 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.


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 Montserrat 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 Montserrat earn 11% more than their female counterparts on average.

Male
2,340 XCD
Female-10%
2,100 XCD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Montserrat for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Montserrat are likely to observe a salary increase of approximately 6% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Montserrat 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.

Montserrat / 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 Montserrat is 2%.

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 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.


Worldwide Salary Raises: All Countries and All Jobs

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Drilling Engineer Bonus and Incentive Rates in Montserrat

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

87% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 13% 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
13%
No Bonus
87%

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 Montserrat


13 XCD per hour

The average hourly wage (pay per hour) in Montserrat is 13 XCD. This means that the average Drilling Engineer in Montserrat earns approximately 13 XCD 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 Montserrat
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The average salary for Drilling Engineer is 2% 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 Engineer2,310 XCD+3%
Assembly Engineering Technician1,910 XCD-15%
Assistant Chief Engineer2,630 XCD+17%
Associate Engineer2,250 XCD+0%
Autocad Operator1,550 XCD-31%
Automation Engineer2,430 XCD+8%
Avionic System Support Engineer2,320 XCD+4%
Biochemical Engineer2,330 XCD+4%
BMS Engineer2,130 XCD-5%
Bridge and Lock Tender1,310 XCD-42%
Broadcast Engineer2,310 XCD+3%
CAD Design Engineer2,480 XCD+11%
CAD Designer1,570 XCD-30%
CAE Engineer2,410 XCD+8%
Ceramics Engineer2,250 XCD+0%
Civil Engineer2,400 XCD+7%
Commissioning Engineer2,420 XCD+8%
Communications Engineer2,660 XCD+19%
Condition Monitoring Engineer2,030 XCD-9%
Contract Associate Engineer2,380 XCD+6%
Control Systems Engineer2,450 XCD+9%
Controls Engineer2,310 XCD+3%
Controls Software Engineer2,080 XCD-7%
Corrosion Engineer2,270 XCD+1%
Design Engineer2,490 XCD+11%
Drafter1,500 XCD-33%
Drafting Manager2,890 XCD+29%
Drilling Engineer2,240 XCD-0%
Electrical Draughtsman1,220 XCD-46%
Electrical Engineer2,650 XCD+18%
Electrical Engineering Manager3,280 XCD+46%
Electromechanical Engineering Technologist2,580 XCD+15%
Electromechanical Equipment Assembler1,320 XCD-41%
Energy Engineer2,430 XCD+8%
Engine Assembler1,110 XCD-50%
Engineer2,530 XCD+13%
Engineering Account Manager2,850 XCD+27%
Engineering Chief Designer2,800 XCD+25%
Engineering Consultant3,310 XCD+48%
Engineering Key Account Manager3,500 XCD+56%
Engineering Lab Technician2,360 XCD+5%
Engineering Planning Manager3,380 XCD+51%
Engineering Production Manager4,110 XCD+83%
Engineering Project Analyst2,730 XCD+22%
Engineering Project Coordinator 2,660 XCD+19%
Engineering Project Director4,970 XCD+120%
Engineering Project Manager3,400 XCD+52%
Engineering Research and Development Manager3,970 XCD+77%
Engineering Safety Coordinator1,890 XCD-16%
Engineering Sales Manager3,370 XCD+50%
Engineering Technician1,890 XCD-16%
Engineering Technologist1,850 XCD-17%
Environmental Engineer2,450 XCD+9%
Equipment Engineer2,160 XCD-4%
Equipment Engineering Manager3,260 XCD+45%
Estimator1,970 XCD-12%
Fabrication Specialist1,730 XCD-23%
Fabricator1,050 XCD-53%
Facade Engineer2,320 XCD+4%
Fiber Analyst1,320 XCD-41%
Field Engineer2,430 XCD+8%
Field Engineering Manager4,140 XCD+85%
Fire Engineer2,360 XCD+5%
Fitter and Turner790 XCD-65%
Forestry Strategic Planner2,890 XCD+29%
Generation Engineer2,360 XCD+5%
Genetic Engineer2,760 XCD+23%
Geological Engineer2,530 XCD+13%
Geotechnical Engineer2,470 XCD+10%
Heavy Equipment Mechanic1,290 XCD-42%
Highway Engineer2,420 XCD+8%
HSE Professional2,310 XCD+3%
HVAC Engineer2,440 XCD+9%
HVAC Supervisor2,160 XCD-4%
Industrial Engineer2,310 XCD+3%
Industrial Engineering Technologist2,370 XCD+6%
Instrument Engineer2,380 XCD+6%
Instrumentation and Control Engineer2,320 XCD+4%
Instrumentation Engineer2,420 XCD+8%
Instrumentation Manager2,290 XCD+2%
Irrigation Engineer2,440 XCD+9%
Licensed Aircraft Engineer2,680 XCD+20%
Locomotive Engineer2,370 XCD+6%
Maintenance Engineer2,230 XCD-0%
Maintenance Fitter810 XCD-64%
Maintenance Manager2,320 XCD+4%
Manufacturing Engineer2,400 XCD+7%
Marine Engineer2,370 XCD+6%
Materials Engineer2,410 XCD+8%
Materials Researcher2,210 XCD-1%
Materials Technician1,700 XCD-24%
Mechanical and Electrical Engineer2,690 XCD+20%
Mechanical Design Engineer2,620 XCD+17%
Mechanical Designer2,010 XCD-10%
Mechanical Engineer2,480 XCD+11%
Mechanical Engineering Manager3,420 XCD+53%
Mechanical Inspector2,400 XCD+7%
Mechatronics Engineer2,510 XCD+12%
Mining Engineer2,340 XCD+4%
Oil and Petrochemical Engineer2,630 XCD+17%
Optical Engineer2,360 XCD+5%
Optical Instrument Assembler1,160 XCD-48%
PCB Assembler850 XCD-62%
Photonics Engineer2,550 XCD+14%
Photonics Technician2,170 XCD-3%
Pipeline Engineer2,180 XCD-3%
Piping Designer1,350 XCD-40%
Piping Engineer2,160 XCD-4%
Planning Engineer2,340 XCD+4%
Pressure Vessel Inspector1,120 XCD-50%
Principal Cost Engineer2,350 XCD+5%
Principal Engineer2,440 XCD+9%
Principal Support Engineer2,550 XCD+14%
Process Engineer2,260 XCD+1%
Process Operator1,420 XCD-37%
Product Development Engineer2,480 XCD+11%
Product Development Technician1,680 XCD-25%
Product Engineer2,600 XCD+16%
Product Safety Engineer2,380 XCD+6%
Production Engineer2,300 XCD+3%
Project Engineer2,500 XCD+12%
Proposal Manager3,150 XCD+41%
Purchasing Engineer2,210 XCD-1%
Quality Assurance Engineer2,450 XCD+9%
Rail Engineer2,360 XCD+5%
Robotics Engineer2,760 XCD+23%
Robotics Technician1,890 XCD-16%
Safety Engineer2,440 XCD+9%
Safety Inspector1,930 XCD-14%
Safety Manager2,830 XCD+26%
Safety Officer1,260 XCD-44%
Sales Engineer2,520 XCD+12%
Scheduling Engineer2,130 XCD-5%
Service Engineer2,560 XCD+14%
Solar Engineer2,600 XCD+16%
Staff Engineer2,320 XCD+4%
Static Equipment Engineer2,240 XCD-0%
Stationary Engineer2,140 XCD-5%
Stress Engineer2,240 XCD-0%
Structural Analysis Engineer2,240 XCD-0%
Structural Designer2,170 XCD-3%
Structural Engineer2,340 XCD+4%
Structural Technician1,600 XCD-29%
Supply Chain Specialist2,360 XCD+5%
Surveyor1,750 XCD-22%
Technical Affairs Officer1,210 XCD-46%
Technical Assistant1,250 XCD-44%
Technical Engineer2,140 XCD-5%
Technical Support Engineer2,030 XCD-9%
Tender Engineer2,170 XCD-3%
Test Development Engineer2,260 XCD+1%
Transportation Engineer2,190 XCD-2%
Validation Engineer2,110 XCD-6%
Verification Engineer2,210 XCD-1%
Wastewater Engineer2,320 XCD+4%
Wind Energy Engineer2,440 XCD+9%
Wind Energy Operations Manager3,330 XCD+49%
Work Planner1,690 XCD-25%

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 Montserrat earn 11% more than their private sector counterparts on average across all sectors.

Private Sector
2,550 XCD
Public Sector+11%
2,820 XCD
Percentage increase and decrease are relative to the previous value

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