A person working as a Drilling Engineer in Saint Vincent and the Grenadines typically earns around 2,790 XCD per month. Salaries range from 1,370 XCD (lowest) to 4,350 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 salaries in Saint Vincent and the Grenadines range from 1,370 XCD per month (minimum salary) to 4,350 XCD per month (maximum salary).
The median salary is 2,850 XCD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 2,850 XCD while the other half are earning more than 2,850 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 Drilling Engineer(s) are earning less than 1,900 XCD while 75% of them are earning more than 1,900 XCD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 3,670 XCD while 25% are earning more than 3,670 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 Drilling Engineer salaries by experience level and this is what we found.
A Drilling Engineer with less than two years of experience makes approximately 1,620 XCD per month.
While someone with an experience level between two and five years is expected to earn 2,080 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 2,880 XCD per month, 38% 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 3,560 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 3,820 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 4,070 XCD per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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 2,080 XCD per month.
While someone with a Bachelor's Degree gets a salary of 2,800 XCD per month, 34% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 4,290 XCD per month, 53% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Saint Vincent and the Grenadines costs anywhere from 17,000 East Caribbean Dollar(s) to 50,900 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 Drilling Engineer employees in Saint Vincent and the Grenadines earn 11% more than their female counterparts on average.
Drilling Engineer(s) in Saint Vincent and the Grenadines 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.
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 Saint Vincent and the Grenadines for the year 2021. 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 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.
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 Drilling Engineer is 3% less than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||2,710 XCD||-3%|
|Assembly Engineering Technician||2,130 XCD||-24%|
|Assistant Chief Engineer||3,370 XCD||+21%|
|Associate Engineer||2,550 XCD||-9%|
|Autocad Operator||1,730 XCD||-38%|
|Automation Engineer||2,940 XCD||+5%|
|Avionic System Support Engineer||2,710 XCD||-3%|
|Biochemical Engineer||2,810 XCD||+1%|
|BMS Engineer||2,660 XCD||-5%|
|Bridge and Lock Tender||1,600 XCD||-43%|
|Broadcast Engineer||2,910 XCD||+4%|
|CAD Design Engineer||3,030 XCD||+9%|
|CAD Designer||1,820 XCD||-35%|
|CAE Engineer||2,700 XCD||-3%|
|Ceramics Engineer||2,720 XCD||-3%|
|Civil Engineer||3,040 XCD||+9%|
|Commissioning Engineer||2,920 XCD||+5%|
|Communications Engineer||3,170 XCD||+14%|
|Condition Monitoring Engineer||2,600 XCD||-7%|
|Contract Associate Engineer||2,860 XCD||+3%|
|Control Systems Engineer||2,840 XCD||+2%|
|Controls Engineer||2,850 XCD||+2%|
|Controls Software Engineer||2,510 XCD||-10%|
|Corrosion Engineer||2,530 XCD||-9%|
|Design Engineer||2,970 XCD||+6%|
|Drafting Manager||3,400 XCD||+22%|
|Drilling Engineer||2,790 XCD||=|
|Electrical Draughtsman||1,430 XCD||-49%|
|Electrical Engineer||3,110 XCD||+11%|
|Electrical Engineering Manager||4,020 XCD||+44%|
|Electromechanical Engineering Technologist||3,160 XCD||+13%|
|Electromechanical Equipment Assembler||1,520 XCD||-46%|
|Energy Engineer||3,080 XCD||+10%|
|Engine Assembler||1,340 XCD||-52%|
|Engineering Account Manager||3,370 XCD||+21%|
|Engineering Chief Designer||3,320 XCD||+19%|
|Engineering Consultant||3,940 XCD||+41%|
|Engineering Key Account Manager||4,100 XCD||+47%|
|Engineering Lab Technician||2,790 XCD||=|
|Engineering Planning Manager||3,960 XCD||+42%|
|Engineering Production Manager||5,110 XCD||+83%|
|Engineering Project Analyst||3,310 XCD||+19%|
|Engineering Project Coordinator||3,450 XCD||+24%|
|Engineering Project Director||5,920 XCD||+110%|
|Engineering Project Manager||3,910 XCD||+40%|
|Engineering Research and Development Manager||4,800 XCD||+72%|
|Engineering Safety Coordinator||2,300 XCD||-18%|
|Engineering Sales Manager||3,850 XCD||+38%|
|Engineering Technician||2,170 XCD||-22%|
|Engineering Technologist||2,230 XCD||-20%|
|Environmental Engineer||2,950 XCD||+6%|
|Equipment Engineer||2,710 XCD||-3%|
|Equipment Engineering Manager||3,870 XCD||+39%|
|Fabrication Specialist||1,980 XCD||-29%|
|Facade Engineer||2,910 XCD||+4%|
|Fiber Analyst||1,680 XCD||-40%|
|Field Engineer||3,010 XCD||+8%|
|Field Engineering Manager||4,830 XCD||+73%|
|Fire Engineer||2,910 XCD||+4%|
|Fitter and Turner||920 XCD||-67%|
|Forestry Strategic Planner||3,220 XCD||+15%|
|Generation Engineer||2,930 XCD||+5%|
|Genetic Engineer||3,190 XCD||+14%|
|Geological Engineer||3,070 XCD||+10%|
|Geotechnical Engineer||3,010 XCD||+8%|
|Heavy Equipment Mechanic||1,540 XCD||-45%|
|Highway Engineer||2,780 XCD||-0%|
|HSE Professional||2,790 XCD||=|
|HVAC Engineer||2,930 XCD||+5%|
|HVAC Supervisor||2,660 XCD||-5%|
|Industrial Engineer||2,890 XCD||+4%|
|Industrial Engineering Technologist||2,760 XCD||-1%|
|Instrument Engineer||2,850 XCD||+2%|
|Instrumentation and Control Engineer||2,920 XCD||+5%|
|Instrumentation Engineer||2,710 XCD||-3%|
|Instrumentation Manager||2,850 XCD||+2%|
|Irrigation Engineer||2,880 XCD||+3%|
|Licensed Aircraft Engineer||2,980 XCD||+7%|
|Locomotive Engineer||2,820 XCD||+1%|
|Maintenance Engineer||2,740 XCD||-2%|
|Maintenance Fitter||1,050 XCD||-62%|
|Maintenance Manager||2,820 XCD||+1%|
|Manufacturing Engineer||2,780 XCD||-0%|
|Marine Engineer||2,860 XCD||+3%|
|Materials Engineer||2,760 XCD||-1%|
|Materials Researcher||2,660 XCD||-5%|
|Materials Technician||2,110 XCD||-24%|
|Mechanical and Electrical Engineer||2,990 XCD||+7%|
|Mechanical Design Engineer||3,050 XCD||+9%|
|Mechanical Designer||2,440 XCD||-13%|
|Mechanical Engineer||2,950 XCD||+6%|
|Mechanical Engineering Manager||4,240 XCD||+52%|
|Mechanical Inspector||2,720 XCD||-3%|
|Mechatronics Engineer||2,970 XCD||+6%|
|Mining Engineer||2,950 XCD||+6%|
|Oil and Petrochemical Engineer||3,220 XCD||+15%|
|Optical Engineer||2,710 XCD||-3%|
|Optical Instrument Assembler||1,390 XCD||-50%|
|PCB Assembler||1,030 XCD||-63%|
|Photonics Engineer||3,230 XCD||+16%|
|Photonics Technician||2,600 XCD||-7%|
|Pipeline Engineer||2,570 XCD||-8%|
|Piping Designer||1,500 XCD||-46%|
|Piping Engineer||2,500 XCD||-10%|
|Planning Engineer||2,790 XCD||=|
|Pressure Vessel Inspector||1,380 XCD||-51%|
|Principal Cost Engineer||2,860 XCD||+3%|
|Principal Engineer||2,920 XCD||+5%|
|Principal Support Engineer||2,890 XCD||+4%|
|Process Engineer||2,880 XCD||+3%|
|Process Operator||1,770 XCD||-37%|
|Product Development Engineer||2,990 XCD||+7%|
|Product Development Technician||2,050 XCD||-27%|
|Product Engineer||2,950 XCD||+6%|
|Product Safety Engineer||2,750 XCD||-1%|
|Production Engineer||2,750 XCD||-1%|
|Project Engineer||2,960 XCD||+6%|
|Proposal Manager||3,610 XCD||+29%|
|Purchasing Engineer||2,600 XCD||-7%|
|Quality Assurance Engineer||2,730 XCD||-2%|
|Rail Engineer||3,030 XCD||+9%|
|Robotics Engineer||3,290 XCD||+18%|
|Robotics Technician||2,350 XCD||-16%|
|Safety Engineer||2,970 XCD||+6%|
|Safety Inspector||2,330 XCD||-16%|
|Safety Manager||3,540 XCD||+27%|
|Safety Officer||1,510 XCD||-46%|
|Sales Engineer||2,920 XCD||+5%|
|Scheduling Engineer||2,640 XCD||-5%|
|Service Engineer||3,110 XCD||+11%|
|Solar Engineer||3,120 XCD||+12%|
|Staff Engineer||2,860 XCD||+3%|
|Static Equipment Engineer||2,790 XCD||=|
|Stationary Engineer||2,530 XCD||-9%|
|Stress Engineer||2,740 XCD||-2%|
|Structural Analysis Engineer||2,850 XCD||+2%|
|Structural Designer||2,530 XCD||-9%|
|Structural Engineer||2,820 XCD||+1%|
|Structural Technician||1,820 XCD||-35%|
|Supply Chain Specialist||2,880 XCD||+3%|
|Technical Affairs Officer||1,490 XCD||-47%|
|Technical Assistant||1,430 XCD||-49%|
|Technical Engineer||2,440 XCD||-13%|
|Technical Support Engineer||2,600 XCD||-7%|
|Tender Engineer||2,490 XCD||-11%|
|Test Development Engineer||2,930 XCD||+5%|
|Transportation Engineer||2,780 XCD||-0%|
|Validation Engineer||2,500 XCD||-10%|
|Verification Engineer||2,840 XCD||+2%|
|Wastewater Engineer||2,690 XCD||-4%|
|Wind Energy Engineer||2,810 XCD||+1%|
|Wind Energy Operations Manager||4,000 XCD||+43%|
|Work Planner||2,070 XCD||-26%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Saint Vincent and the Grenadines earn 10% more than their private sector counterparts on average across all sectors.