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Drilling Engineer Average Salary in Barbados 2021

How much money does a Drilling Engineer make in Barbados?


Average Monthly Salary
2,740 BBD
( 32,800 BBD yearly)

LOW
1,340
BBD
AVERAGE
2,740
BBD
HIGH
4,270
BBD

A person working as a Drilling Engineer in Barbados typically earns around 2,740 BBD per month. Salaries range from 1,340 BBD (lowest) to 4,270 BBD (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 Barbados

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

  • Salary Range

    Drilling Engineer salaries in Barbados range from 1,340 BBD per month (minimum salary) to 4,270 BBD per month (maximum salary).

  • Median Salary

    The median salary is 2,790 BBD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 2,790 BBD while the other half are earning more than 2,790 BBD. 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 1,860 BBD while 75% of them are earning more than 1,860 BBD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 3,600 BBD while 25% are earning more than 3,600 BBD.


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 Barbados 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 1,590 BBD per month.

While someone with an experience level between two and five years is expected to earn 2,040 BBD 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 2,820 BBD 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 3,490 BBD 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 3,740 BBD 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 3,990 BBD per month, 7% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Barbados

0 - 2 Years
1,590 BBD
2 - 5 Years+29%
2,040 BBD
5 - 10 Years+38%
2,820 BBD
10 - 15 Years+24%
3,490 BBD
15 - 20 Years+7%
3,740 BBD
20+ Years+7%
3,990 BBD
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 Barbados 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 2,040 BBD per month.

While someone with a Bachelor's Degree gets a salary of 2,750 BBD per month, 34% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 4,210 BBD per month, 53% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Barbados

Certificate or Diploma
2,040 BBD
Bachelor's Degree+34%
2,750 BBD
Master's Degree+53%
4,210 BBD
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 Barbados costs anywhere from 16,300 Barbados Dollar(s) to 48,800 Barbados 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 Barbados 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 Barbados earn 9% more than their female counterparts on average.

Male
2,840 BBD
Female-8%
2,600 BBD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Barbados for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Barbados are likely to observe a salary increase of approximately 7% every 29 months. The national average annual increment for all professions combined is 4% granted to employees every 29 months.

Annual Salary Increment Rate Barbados 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.

Barbados / 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 Barbados 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 Barbados 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 Barbados

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


16 BBD per hour

The average hourly wage (pay per hour) in Barbados is 16 BBD. This means that the average Drilling Engineer in Barbados earns approximately 16 BBD 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 Barbados
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The average salary for Drilling Engineer is 0% 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 Engineer2,740 BBD+0%
Assembly Engineering Technician2,180 BBD-20%
Assistant Chief Engineer3,220 BBD+18%
Associate Engineer2,700 BBD-1%
Autocad Operator1,770 BBD-35%
Automation Engineer3,180 BBD+16%
Avionic System Support Engineer2,810 BBD+3%
Biochemical Engineer2,860 BBD+4%
BMS Engineer2,860 BBD+4%
Bridge and Lock Tender1,540 BBD-44%
Broadcast Engineer3,000 BBD+10%
CAD Design Engineer3,170 BBD+16%
CAD Designer1,770 BBD-35%
CAE Engineer3,000 BBD+10%
Ceramics Engineer2,690 BBD-2%
Civil Engineer3,090 BBD+13%
Commissioning Engineer2,920 BBD+7%
Communications Engineer3,060 BBD+12%
Condition Monitoring Engineer2,490 BBD-9%
Contract Associate Engineer2,910 BBD+6%
Control Systems Engineer3,040 BBD+11%
Controls Engineer2,890 BBD+6%
Controls Software Engineer2,510 BBD-8%
Corrosion Engineer2,580 BBD-6%
Design Engineer3,120 BBD+14%
Drafter1,810 BBD-34%
Drafting Manager3,400 BBD+24%
Drilling Engineer2,740 BBD+0%
Electrical Draughtsman1,440 BBD-47%
Electrical Engineer3,160 BBD+15%
Electrical Engineering Manager4,210 BBD+54%
Electromechanical Engineering Technologist3,300 BBD+21%
Electromechanical Equipment Assembler1,490 BBD-46%
Energy Engineer3,110 BBD+14%
Engine Assembler1,330 BBD-51%
Engineer3,150 BBD+15%
Engineering Account Manager3,330 BBD+22%
Engineering Chief Designer3,240 BBD+18%
Engineering Consultant4,180 BBD+53%
Engineering Key Account Manager4,220 BBD+54%
Engineering Lab Technician2,770 BBD+1%
Engineering Planning Manager4,050 BBD+48%
Engineering Production Manager5,060 BBD+85%
Engineering Project Analyst3,610 BBD+32%
Engineering Project Coordinator 3,500 BBD+28%
Engineering Project Director6,260 BBD+130%
Engineering Project Manager4,320 BBD+58%
Engineering Research and Development Manager4,780 BBD+75%
Engineering Safety Coordinator2,210 BBD-19%
Engineering Sales Manager3,950 BBD+44%
Engineering Technician2,400 BBD-12%
Engineering Technologist2,250 BBD-18%
Environmental Engineer2,980 BBD+9%
Equipment Engineer2,830 BBD+3%
Equipment Engineering Manager3,770 BBD+38%
Estimator2,580 BBD-6%
Fabrication Specialist2,000 BBD-27%
Fabricator1,310 BBD-52%
Facade Engineer2,790 BBD+2%
Fiber Analyst1,670 BBD-39%
Field Engineer3,030 BBD+11%
Field Engineering Manager5,020 BBD+83%
Fire Engineer2,930 BBD+7%
Fitter and Turner950 BBD-65%
Forestry Strategic Planner3,610 BBD+32%
Generation Engineer2,920 BBD+7%
Genetic Engineer3,120 BBD+14%
Geological Engineer3,000 BBD+10%
Geotechnical Engineer3,220 BBD+18%
Heavy Equipment Mechanic1,590 BBD-42%
Highway Engineer3,070 BBD+12%
HSE Professional2,800 BBD+2%
HVAC Engineer3,030 BBD+11%
HVAC Supervisor2,720 BBD-1%
Industrial Engineer2,790 BBD+2%
Industrial Engineering Technologist2,890 BBD+6%
Instrument Engineer2,930 BBD+7%
Instrumentation and Control Engineer3,000 BBD+10%
Instrumentation Engineer3,000 BBD+10%
Instrumentation Manager2,820 BBD+3%
Irrigation Engineer2,870 BBD+5%
Licensed Aircraft Engineer3,070 BBD+12%
Locomotive Engineer2,720 BBD-1%
Maintenance Engineer2,820 BBD+3%
Maintenance Fitter1,060 BBD-61%
Maintenance Manager3,050 BBD+11%
Manufacturing Engineer2,960 BBD+8%
Marine Engineer2,840 BBD+4%
Materials Engineer2,830 BBD+3%
Materials Researcher2,690 BBD-2%
Materials Technician2,120 BBD-23%
Mechanical and Electrical Engineer3,110 BBD+14%
Mechanical Design Engineer3,200 BBD+17%
Mechanical Designer2,640 BBD-4%
Mechanical Engineer3,130 BBD+14%
Mechanical Engineering Manager4,200 BBD+53%
Mechanical Inspector2,840 BBD+4%
Mechatronics Engineer3,200 BBD+17%
Mining Engineer3,020 BBD+10%
Oil and Petrochemical Engineer3,070 BBD+12%
Optical Engineer3,000 BBD+10%
Optical Instrument Assembler1,440 BBD-47%
PCB Assembler1,120 BBD-59%
Photonics Engineer3,260 BBD+19%
Photonics Technician2,710 BBD-1%
Pipeline Engineer2,830 BBD+3%
Piping Designer1,550 BBD-43%
Piping Engineer2,660 BBD-3%
Planning Engineer2,920 BBD+7%
Pressure Vessel Inspector1,410 BBD-48%
Principal Cost Engineer3,070 BBD+12%
Principal Engineer3,000 BBD+10%
Principal Support Engineer3,060 BBD+12%
Process Engineer2,840 BBD+4%
Process Operator1,720 BBD-37%
Product Development Engineer3,040 BBD+11%
Product Development Technician2,200 BBD-20%
Product Engineer3,100 BBD+13%
Product Safety Engineer2,690 BBD-2%
Production Engineer2,870 BBD+5%
Project Engineer3,210 BBD+17%
Proposal Manager3,650 BBD+33%
Purchasing Engineer2,620 BBD-4%
Quality Assurance Engineer3,060 BBD+12%
Rail Engineer2,870 BBD+5%
Robotics Engineer3,460 BBD+26%
Robotics Technician2,310 BBD-16%
Safety Engineer2,900 BBD+6%
Safety Inspector2,340 BBD-15%
Safety Manager3,390 BBD+24%
Safety Officer1,550 BBD-43%
Sales Engineer3,110 BBD+14%
Scheduling Engineer2,630 BBD-4%
Service Engineer3,020 BBD+10%
Solar Engineer3,200 BBD+17%
Staff Engineer2,880 BBD+5%
Static Equipment Engineer2,740 BBD+0%
Stationary Engineer2,750 BBD+0%
Stress Engineer2,620 BBD-4%
Structural Analysis Engineer2,810 BBD+3%
Structural Designer2,670 BBD-2%
Structural Engineer2,870 BBD+5%
Structural Technician1,920 BBD-30%
Supply Chain Specialist3,020 BBD+10%
Surveyor2,120 BBD-23%
Technical Affairs Officer1,540 BBD-44%
Technical Assistant1,480 BBD-46%
Technical Engineer2,540 BBD-7%
Technical Support Engineer2,490 BBD-9%
Tender Engineer2,760 BBD+1%
Test Development Engineer2,990 BBD+9%
Transportation Engineer2,810 BBD+3%
Validation Engineer2,690 BBD-2%
Verification Engineer2,670 BBD-2%
Wastewater Engineer2,860 BBD+4%
Wind Energy Engineer3,060 BBD+12%
Wind Energy Operations Manager4,080 BBD+49%
Work Planner1,970 BBD-28%

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

Private Sector
3,060 BBD
Public Sector+11%
3,390 BBD
Percentage increase and decrease are relative to the previous value

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