A person working as a Drilling Engineer in Aland Islands typically earns around 3,160 EUR per month. Salaries range from 1,640 EUR (lowest) to 4,830 EUR (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 Aland Islands range from 1,640 EUR per month (minimum salary) to 4,830 EUR per month (maximum salary).
The median salary is 3,030 EUR per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 3,030 EUR while the other half are earning more than 3,030 EUR. 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 2,100 EUR while 75% of them are earning more than 2,100 EUR. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 3,770 EUR while 25% are earning more than 3,770 EUR.
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 1,870 EUR per month.
While someone with an experience level between two and five years is expected to earn 2,500 EUR 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 3,250 EUR per month, 30% 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 3,940 EUR 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 4,310 EUR 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 4,530 EUR per month, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|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 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 2,220 EUR per month.
While someone with a Bachelor's Degree gets a salary of 3,360 EUR per month, 52% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 4,770 EUR per month, 42% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Aland Islands costs anywhere from 18,200 Euro(s) to 54,600 Euro(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 Aland Islands earn 11% more than their female counterparts on average.
Drilling Engineer(s) in Aland Islands are likely to observe a salary increase of approximately 8% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 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 Aland Islands 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 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.
90% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 10% 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.
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% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||3,110 EUR||-2%|
|Assembly Engineering Technician||2,470 EUR||-22%|
|Assistant Chief Engineer||3,590 EUR||+14%|
|Associate Engineer||2,870 EUR||-9%|
|Autocad Operator||2,010 EUR||-36%|
|Automation Engineer||3,480 EUR||+10%|
|Avionic System Support Engineer||3,130 EUR||-1%|
|Biochemical Engineer||3,160 EUR||+0%|
|BMS Engineer||3,210 EUR||+2%|
|Bridge and Lock Tender||1,900 EUR||-40%|
|Broadcast Engineer||3,420 EUR||+8%|
|CAD Design Engineer||3,360 EUR||+6%|
|CAD Designer||2,040 EUR||-35%|
|CAE Engineer||3,230 EUR||+2%|
|Ceramics Engineer||2,950 EUR||-7%|
|Civil Engineer||3,340 EUR||+6%|
|Commissioning Engineer||3,390 EUR||+7%|
|Communications Engineer||3,780 EUR||+20%|
|Condition Monitoring Engineer||2,780 EUR||-12%|
|Contract Associate Engineer||3,220 EUR||+2%|
|Control Systems Engineer||3,410 EUR||+8%|
|Controls Engineer||3,360 EUR||+6%|
|Controls Software Engineer||3,060 EUR||-3%|
|Corrosion Engineer||2,930 EUR||-7%|
|Design Engineer||3,320 EUR||+5%|
|Drafting Manager||3,830 EUR||+21%|
|Drilling Engineer||3,160 EUR||+0%|
|Electrical Draughtsman||1,760 EUR||-44%|
|Electrical Engineer||3,580 EUR||+13%|
|Electrical Engineering Manager||4,690 EUR||+49%|
|Electromechanical Engineering Technologist||3,500 EUR||+11%|
|Electromechanical Equipment Assembler||1,710 EUR||-46%|
|Energy Engineer||3,610 EUR||+14%|
|Engine Assembler||1,500 EUR||-53%|
|Engineering Account Manager||3,660 EUR||+16%|
|Engineering Chief Designer||3,720 EUR||+18%|
|Engineering Consultant||4,560 EUR||+44%|
|Engineering Key Account Manager||5,040 EUR||+60%|
|Engineering Lab Technician||3,040 EUR||-4%|
|Engineering Planning Manager||4,720 EUR||+49%|
|Engineering Production Manager||5,990 EUR||+90%|
|Engineering Project Analyst||3,770 EUR||+19%|
|Engineering Project Coordinator||3,770 EUR||+19%|
|Engineering Project Director||6,840 EUR||+120%|
|Engineering Project Manager||4,650 EUR||+47%|
|Engineering Research and Development Manager||5,390 EUR||+71%|
|Engineering Safety Coordinator||2,740 EUR||-13%|
|Engineering Sales Manager||4,600 EUR||+46%|
|Engineering Technician||2,580 EUR||-18%|
|Engineering Technologist||2,550 EUR||-19%|
|Environmental Engineer||3,210 EUR||+2%|
|Equipment Engineer||3,000 EUR||-5%|
|Equipment Engineering Manager||4,340 EUR||+37%|
|Fabrication Specialist||2,440 EUR||-23%|
|Facade Engineer||3,110 EUR||-2%|
|Fiber Analyst||2,030 EUR||-36%|
|Field Engineer||3,430 EUR||+9%|
|Field Engineering Manager||5,580 EUR||+77%|
|Fire Engineer||3,310 EUR||+5%|
|Fitter and Turner||1,060 EUR||-66%|
|Forestry Strategic Planner||3,990 EUR||+26%|
|Generation Engineer||3,550 EUR||+12%|
|Genetic Engineer||3,590 EUR||+14%|
|Geological Engineer||3,540 EUR||+12%|
|Geotechnical Engineer||3,520 EUR||+11%|
|Heavy Equipment Mechanic||1,770 EUR||-44%|
|Highway Engineer||3,310 EUR||+5%|
|HSE Professional||3,240 EUR||+3%|
|HVAC Engineer||3,540 EUR||+12%|
|HVAC Supervisor||2,930 EUR||-7%|
|Industrial Engineer||3,210 EUR||+2%|
|Industrial Engineering Technologist||3,310 EUR||+5%|
|Instrument Engineer||3,160 EUR||+0%|
|Instrumentation and Control Engineer||3,330 EUR||+5%|
|Instrumentation Engineer||3,470 EUR||+10%|
|Instrumentation Manager||3,340 EUR||+6%|
|Irrigation Engineer||3,240 EUR||+3%|
|Licensed Aircraft Engineer||3,590 EUR||+14%|
|Locomotive Engineer||3,370 EUR||+7%|
|Maintenance Engineer||3,140 EUR||-1%|
|Maintenance Fitter||1,230 EUR||-61%|
|Maintenance Manager||3,430 EUR||+9%|
|Manufacturing Engineer||3,230 EUR||+2%|
|Marine Engineer||3,380 EUR||+7%|
|Materials Engineer||3,300 EUR||+4%|
|Materials Researcher||3,050 EUR||-3%|
|Materials Technician||2,400 EUR||-24%|
|Mechanical and Electrical Engineer||3,730 EUR||+18%|
|Mechanical Design Engineer||3,650 EUR||+16%|
|Mechanical Designer||2,960 EUR||-6%|
|Mechanical Engineer||3,590 EUR||+14%|
|Mechanical Engineering Manager||4,740 EUR||+50%|
|Mechanical Inspector||3,160 EUR||+0%|
|Mechatronics Engineer||3,500 EUR||+11%|
|Mining Engineer||3,350 EUR||+6%|
|Oil and Petrochemical Engineer||3,700 EUR||+17%|
|Optical Engineer||3,220 EUR||+2%|
|Optical Instrument Assembler||1,680 EUR||-47%|
|PCB Assembler||1,170 EUR||-63%|
|Photonics Engineer||3,780 EUR||+20%|
|Photonics Technician||3,090 EUR||-2%|
|Pipeline Engineer||3,050 EUR||-3%|
|Piping Designer||1,810 EUR||-43%|
|Piping Engineer||3,060 EUR||-3%|
|Planning Engineer||3,500 EUR||+11%|
|Pressure Vessel Inspector||1,520 EUR||-52%|
|Principal Cost Engineer||3,360 EUR||+6%|
|Principal Engineer||3,240 EUR||+3%|
|Principal Support Engineer||3,250 EUR||+3%|
|Process Engineer||3,360 EUR||+6%|
|Process Operator||1,970 EUR||-38%|
|Product Development Engineer||3,540 EUR||+12%|
|Product Development Technician||2,410 EUR||-24%|
|Product Engineer||3,540 EUR||+12%|
|Product Safety Engineer||3,090 EUR||-2%|
|Production Engineer||3,440 EUR||+9%|
|Project Engineer||3,610 EUR||+14%|
|Proposal Manager||4,450 EUR||+41%|
|Purchasing Engineer||3,190 EUR||+1%|
|Quality Assurance Engineer||3,390 EUR||+7%|
|Rail Engineer||3,450 EUR||+9%|
|Robotics Engineer||3,670 EUR||+16%|
|Robotics Technician||2,660 EUR||-16%|
|Safety Engineer||3,430 EUR||+9%|
|Safety Inspector||2,710 EUR||-14%|
|Safety Manager||3,790 EUR||+20%|
|Safety Officer||1,670 EUR||-47%|
|Sales Engineer||3,570 EUR||+13%|
|Scheduling Engineer||3,200 EUR||+1%|
|Service Engineer||3,470 EUR||+10%|
|Solar Engineer||3,460 EUR||+10%|
|Staff Engineer||3,260 EUR||+3%|
|Static Equipment Engineer||3,160 EUR||+0%|
|Stationary Engineer||3,090 EUR||-2%|
|Stress Engineer||3,150 EUR||-0%|
|Structural Analysis Engineer||3,330 EUR||+5%|
|Structural Designer||2,830 EUR||-10%|
|Structural Engineer||3,340 EUR||+6%|
|Structural Technician||2,190 EUR||-31%|
|Supply Chain Specialist||3,200 EUR||+1%|
|Technical Affairs Officer||1,760 EUR||-44%|
|Technical Assistant||1,770 EUR||-44%|
|Technical Engineer||2,830 EUR||-10%|
|Technical Support Engineer||2,780 EUR||-12%|
|Tender Engineer||2,970 EUR||-6%|
|Test Development Engineer||3,320 EUR||+5%|
|Transportation Engineer||3,260 EUR||+3%|
|Validation Engineer||2,950 EUR||-7%|
|Verification Engineer||3,130 EUR||-1%|
|Wastewater Engineer||3,280 EUR||+4%|
|Wind Energy Engineer||3,440 EUR||+9%|
|Wind Energy Operations Manager||4,520 EUR||+43%|
|Work Planner||2,380 EUR||-25%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Aland Islands earn 18% more than their private sector counterparts on average across all sectors.