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Drilling Engineer Average Salary in Peru 2021

How much money does a Drilling Engineer make in Peru?


Average Monthly Salary
6,390 PEN
( 76,700 PEN yearly)

LOW
3,320
PEN
AVERAGE
6,390
PEN
HIGH
9,770
PEN

A person working as a Drilling Engineer in Peru typically earns around 6,390 PEN per month. Salaries range from 3,320 PEN (lowest) to 9,770 PEN (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 Peru

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

  • Salary Range

    Drilling Engineer salaries in Peru range from 3,320 PEN per month (minimum salary) to 9,770 PEN per month (maximum salary).

  • Median Salary

    The median salary is 6,130 PEN per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 6,130 PEN while the other half are earning more than 6,130 PEN. 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 4,260 PEN while 75% of them are earning more than 4,260 PEN. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 7,640 PEN while 25% are earning more than 7,640 PEN.


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 Peru 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 3,770 PEN per month.

While someone with an experience level between two and five years is expected to earn 5,060 PEN 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 6,580 PEN per month, 30% 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 7,970 PEN per month, 21% 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 8,710 PEN 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 9,160 PEN per month, 5% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Peru

0 - 2 Years
3,770 PEN
2 - 5 Years+34%
5,060 PEN
5 - 10 Years+30%
6,580 PEN
10 - 15 Years+21%
7,970 PEN
15 - 20 Years+9%
8,710 PEN
20+ Years+5%
9,160 PEN
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 Peru 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 4,480 PEN per month.

While someone with a Bachelor's Degree gets a salary of 6,810 PEN per month, 52% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 9,650 PEN per month, 42% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Peru

Certificate or Diploma
4,480 PEN
Bachelor's Degree+52%
6,810 PEN
Master's Degree+42%
9,650 PEN
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 Peru costs anywhere from 37,700 Nuevo Sol(s) to 113,000 Nuevo Sol(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 Peru 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 Peru earn 8% more than their female counterparts on average.

Male
6,680 PEN
Female-7%
6,180 PEN
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Peru for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Peru are likely to observe a salary increase of approximately 12% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Peru 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.

Peru / 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 Peru is 6%.

Annual Increment Rate By Industry 2020

Banking
8%
Energy
7%
Information Technology
6%
Healthcare
5%
Travel
4%
Construction
3%
Education
2%

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

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

74% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 26% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 1% to 3% of their annual salary.

Received Bonus
26%
No Bonus
74%

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 Peru


37 PEN per hour

The average hourly wage (pay per hour) in Peru is 37 PEN. This means that the average Drilling Engineer in Peru earns approximately 37 PEN 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 Peru
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The average salary for Drilling Engineer is 0% 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 Engineer6,090 PEN-5%
Assembly Engineering Technician4,800 PEN-25%
Assistant Chief Engineer7,480 PEN+17%
Associate Engineer5,950 PEN-7%
Autocad Operator3,910 PEN-39%
Automation Engineer7,070 PEN+11%
Avionic System Support Engineer5,980 PEN-6%
Biochemical Engineer6,170 PEN-3%
BMS Engineer5,930 PEN-7%
Bridge and Lock Tender3,560 PEN-44%
Broadcast Engineer6,570 PEN+3%
CAD Design Engineer6,370 PEN-0%
CAD Designer4,150 PEN-35%
CAE Engineer6,380 PEN-0%
Ceramics Engineer5,940 PEN-7%
Civil Engineer6,510 PEN+2%
Commissioning Engineer6,070 PEN-5%
Communications Engineer7,040 PEN+10%
Condition Monitoring Engineer5,780 PEN-10%
Contract Associate Engineer6,280 PEN-2%
Control Systems Engineer6,320 PEN-1%
Controls Engineer6,570 PEN+3%
Controls Software Engineer5,490 PEN-14%
Corrosion Engineer5,700 PEN-11%
Design Engineer6,920 PEN+8%
Drafter3,870 PEN-39%
Drafting Manager7,630 PEN+19%
Drilling Engineer6,390 PEN+0%
Electrical Draughtsman3,140 PEN-51%
Electrical Engineer7,010 PEN+10%
Electrical Engineering Manager8,880 PEN+39%
Electromechanical Engineering Technologist6,640 PEN+4%
Electromechanical Equipment Assembler3,480 PEN-46%
Energy Engineer7,090 PEN+11%
Engine Assembler3,000 PEN-53%
Engineer7,010 PEN+10%
Engineering Account Manager7,350 PEN+15%
Engineering Chief Designer7,590 PEN+19%
Engineering Consultant8,540 PEN+34%
Engineering Key Account Manager9,720 PEN+52%
Engineering Lab Technician6,100 PEN-5%
Engineering Planning Manager9,170 PEN+44%
Engineering Production Manager12,000 PEN+88%
Engineering Project Analyst7,590 PEN+19%
Engineering Project Coordinator 7,380 PEN+16%
Engineering Project Director12,800 PEN+100%
Engineering Project Manager9,220 PEN+44%
Engineering Research and Development Manager10,800 PEN+69%
Engineering Safety Coordinator5,110 PEN-20%
Engineering Sales Manager8,910 PEN+39%
Engineering Technician5,110 PEN-20%
Engineering Technologist5,010 PEN-22%
Environmental Engineer6,320 PEN-1%
Equipment Engineer5,700 PEN-11%
Equipment Engineering Manager8,840 PEN+38%
Estimator5,330 PEN-17%
Fabrication Specialist4,800 PEN-25%
Fabricator3,000 PEN-53%
Facade Engineer6,450 PEN+1%
Fiber Analyst3,670 PEN-43%
Field Engineer6,770 PEN+6%
Field Engineering Manager10,700 PEN+68%
Fire Engineer6,550 PEN+3%
Fitter and Turner2,030 PEN-68%
Forestry Strategic Planner7,820 PEN+22%
Generation Engineer6,400 PEN+0%
Genetic Engineer7,290 PEN+14%
Geological Engineer6,510 PEN+2%
Geotechnical Engineer7,210 PEN+13%
Heavy Equipment Mechanic3,400 PEN-47%
Highway Engineer6,550 PEN+3%
HSE Professional5,810 PEN-9%
HVAC Engineer6,790 PEN+6%
HVAC Supervisor5,700 PEN-11%
Industrial Engineer5,960 PEN-7%
Industrial Engineering Technologist6,270 PEN-2%
Instrument Engineer6,110 PEN-4%
Instrumentation and Control Engineer6,440 PEN+1%
Instrumentation Engineer6,240 PEN-2%
Instrumentation Manager6,690 PEN+5%
Irrigation Engineer6,450 PEN+1%
Licensed Aircraft Engineer6,920 PEN+8%
Locomotive Engineer6,270 PEN-2%
Maintenance Engineer6,040 PEN-5%
Maintenance Fitter2,190 PEN-66%
Maintenance Manager6,300 PEN-1%
Manufacturing Engineer6,020 PEN-6%
Marine Engineer6,740 PEN+6%
Materials Engineer6,380 PEN-0%
Materials Researcher5,990 PEN-6%
Materials Technician4,730 PEN-26%
Mechanical and Electrical Engineer7,120 PEN+11%
Mechanical Design Engineer6,930 PEN+8%
Mechanical Designer5,440 PEN-15%
Mechanical Engineer6,720 PEN+5%
Mechanical Engineering Manager9,500 PEN+49%
Mechanical Inspector6,020 PEN-6%
Mechatronics Engineer7,140 PEN+12%
Mining Engineer6,490 PEN+2%
Oil and Petrochemical Engineer6,950 PEN+9%
Optical Engineer6,390 PEN+0%
Optical Instrument Assembler3,230 PEN-49%
PCB Assembler2,370 PEN-63%
Photonics Engineer7,440 PEN+16%
Photonics Technician5,890 PEN-8%
Pipeline Engineer6,060 PEN-5%
Piping Designer3,480 PEN-46%
Piping Engineer5,700 PEN-11%
Planning Engineer6,670 PEN+4%
Pressure Vessel Inspector2,960 PEN-54%
Principal Cost Engineer6,860 PEN+7%
Principal Engineer6,270 PEN-2%
Principal Support Engineer6,730 PEN+5%
Process Engineer6,110 PEN-4%
Process Operator3,660 PEN-43%
Product Development Engineer6,900 PEN+8%
Product Development Technician4,920 PEN-23%
Product Engineer6,700 PEN+5%
Product Safety Engineer6,280 PEN-2%
Production Engineer6,550 PEN+3%
Project Engineer6,600 PEN+3%
Proposal Manager8,750 PEN+37%
Purchasing Engineer5,700 PEN-11%
Quality Assurance Engineer6,630 PEN+4%
Rail Engineer6,550 PEN+3%
Robotics Engineer7,660 PEN+20%
Robotics Technician5,390 PEN-16%
Safety Engineer6,300 PEN-1%
Safety Inspector4,860 PEN-24%
Safety Manager7,850 PEN+23%
Safety Officer3,240 PEN-49%
Sales Engineer6,650 PEN+4%
Scheduling Engineer5,760 PEN-10%
Service Engineer7,090 PEN+11%
Solar Engineer6,690 PEN+5%
Staff Engineer6,440 PEN+1%
Static Equipment Engineer6,390 PEN+0%
Stationary Engineer5,650 PEN-12%
Stress Engineer5,930 PEN-7%
Structural Analysis Engineer6,060 PEN-5%
Structural Designer5,890 PEN-8%
Structural Engineer6,510 PEN+2%
Structural Technician4,140 PEN-35%
Supply Chain Specialist6,060 PEN-5%
Surveyor4,750 PEN-26%
Technical Affairs Officer3,370 PEN-47%
Technical Assistant3,400 PEN-47%
Technical Engineer5,390 PEN-16%
Technical Support Engineer5,780 PEN-10%
Tender Engineer5,890 PEN-8%
Test Development Engineer6,440 PEN+1%
Transportation Engineer6,410 PEN+0%
Validation Engineer6,000 PEN-6%
Verification Engineer5,980 PEN-6%
Wastewater Engineer6,120 PEN-4%
Wind Energy Engineer6,270 PEN-2%
Wind Energy Operations Manager8,810 PEN+38%
Work Planner4,470 PEN-30%

Salary Comparison By City

CityAverage Salary
Arequipa6,660 PEN
Chiclayo6,390 PEN
Cusco5,850 PEN
Huancayo6,140 PEN
Iquitos5,850 PEN
Lima7,140 PEN
Trujillo6,850 PEN

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 Peru earn 9% more than their private sector counterparts on average across all sectors.

Private Sector
7,250 PEN
Public Sector+9%
7,890 PEN
Percentage increase and decrease are relative to the previous value

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