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Drilling Engineer Average Salary in Aland Islands 2021

How much money does a Drilling Engineer make in Aland Islands?


Average Monthly Salary
3,160 EUR
( 37,900 EUR yearly)

LOW
1,640
EUR
AVERAGE
3,160
EUR
HIGH
4,830
EUR

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 Salary Distribution in Aland Islands

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

  • Salary Range

    Drilling Engineer salaries in Aland Islands range from 1,640 EUR per month (minimum salary) to 4,830 EUR per month (maximum salary).

  • Median 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.

  • 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 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.


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 Aland Islands 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 1,870 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.

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 3,940 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.


Drilling Engineer average salary change by experience in Aland Islands

0 - 2 Years
1,870 EUR
2 - 5 Years+34%
2,500 EUR
5 - 10 Years+30%
3,250 EUR
10 - 15 Years+21%
3,940 EUR
15 - 20 Years+9%
4,310 EUR
20+ Years+5%
4,530 EUR
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 Aland Islands 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 2,220 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.


Drilling Engineer average salary difference by education level in Aland Islands

Certificate or Diploma
2,220 EUR
Bachelor's Degree+52%
3,360 EUR
Master's Degree+42%
4,770 EUR
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 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.


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 Aland Islands 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 Aland Islands earn 11% more than their female counterparts on average.

Male
3,360 EUR
Female-10%
3,020 EUR
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Aland Islands for all Careers

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

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

Drilling Engineer

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.

Annual Salary Increment Rate Aland Islands 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.

Aland Islands / 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 Aland Islands is 2%.

Annual Increment Rate By Industry 2020

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Drilling Engineer Bonus and Incentive Rates in Aland Islands

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

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.

Received Bonus
10%
No Bonus
90%

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 Aland Islands


18 EUR per hour

The average hourly wage (pay per hour) in Aland Islands is 18 EUR. This means that the average Drilling Engineer in Aland Islands earns approximately 18 EUR 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 Aland Islands
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The average salary for Drilling Engineer is 3% 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 Engineer3,110 EUR-2%
Assembly Engineering Technician2,470 EUR-22%
Assistant Chief Engineer3,590 EUR+14%
Associate Engineer2,870 EUR-9%
Autocad Operator2,010 EUR-36%
Automation Engineer3,480 EUR+10%
Avionic System Support Engineer3,130 EUR-1%
Biochemical Engineer3,160 EUR+0%
BMS Engineer3,210 EUR+2%
Bridge and Lock Tender1,900 EUR-40%
Broadcast Engineer3,420 EUR+8%
CAD Design Engineer3,360 EUR+6%
CAD Designer2,040 EUR-35%
CAE Engineer3,230 EUR+2%
Ceramics Engineer2,950 EUR-7%
Civil Engineer3,340 EUR+6%
Commissioning Engineer3,390 EUR+7%
Communications Engineer3,780 EUR+20%
Condition Monitoring Engineer2,780 EUR-12%
Contract Associate Engineer3,220 EUR+2%
Control Systems Engineer3,410 EUR+8%
Controls Engineer3,360 EUR+6%
Controls Software Engineer3,060 EUR-3%
Corrosion Engineer2,930 EUR-7%
Design Engineer3,320 EUR+5%
Drafter2,080 EUR-34%
Drafting Manager3,830 EUR+21%
Drilling Engineer3,160 EUR+0%
Electrical Draughtsman1,760 EUR-44%
Electrical Engineer3,580 EUR+13%
Electrical Engineering Manager4,690 EUR+49%
Electromechanical Engineering Technologist3,500 EUR+11%
Electromechanical Equipment Assembler1,710 EUR-46%
Energy Engineer3,610 EUR+14%
Engine Assembler1,500 EUR-53%
Engineer3,450 EUR+9%
Engineering Account Manager3,660 EUR+16%
Engineering Chief Designer3,720 EUR+18%
Engineering Consultant4,560 EUR+44%
Engineering Key Account Manager5,040 EUR+60%
Engineering Lab Technician3,040 EUR-4%
Engineering Planning Manager4,720 EUR+49%
Engineering Production Manager5,990 EUR+90%
Engineering Project Analyst3,770 EUR+19%
Engineering Project Coordinator 3,770 EUR+19%
Engineering Project Director6,840 EUR+120%
Engineering Project Manager4,650 EUR+47%
Engineering Research and Development Manager5,390 EUR+71%
Engineering Safety Coordinator2,740 EUR-13%
Engineering Sales Manager4,600 EUR+46%
Engineering Technician2,580 EUR-18%
Engineering Technologist2,550 EUR-19%
Environmental Engineer3,210 EUR+2%
Equipment Engineer3,000 EUR-5%
Equipment Engineering Manager4,340 EUR+37%
Estimator2,990 EUR-5%
Fabrication Specialist2,440 EUR-23%
Fabricator1,570 EUR-50%
Facade Engineer3,110 EUR-2%
Fiber Analyst2,030 EUR-36%
Field Engineer3,430 EUR+9%
Field Engineering Manager5,580 EUR+77%
Fire Engineer3,310 EUR+5%
Fitter and Turner1,060 EUR-66%
Forestry Strategic Planner3,990 EUR+26%
Generation Engineer3,550 EUR+12%
Genetic Engineer3,590 EUR+14%
Geological Engineer3,540 EUR+12%
Geotechnical Engineer3,520 EUR+11%
Heavy Equipment Mechanic1,770 EUR-44%
Highway Engineer3,310 EUR+5%
HSE Professional3,240 EUR+3%
HVAC Engineer3,540 EUR+12%
HVAC Supervisor2,930 EUR-7%
Industrial Engineer3,210 EUR+2%
Industrial Engineering Technologist3,310 EUR+5%
Instrument Engineer3,160 EUR+0%
Instrumentation and Control Engineer3,330 EUR+5%
Instrumentation Engineer3,470 EUR+10%
Instrumentation Manager3,340 EUR+6%
Irrigation Engineer3,240 EUR+3%
Licensed Aircraft Engineer3,590 EUR+14%
Locomotive Engineer3,370 EUR+7%
Maintenance Engineer3,140 EUR-1%
Maintenance Fitter1,230 EUR-61%
Maintenance Manager3,430 EUR+9%
Manufacturing Engineer3,230 EUR+2%
Marine Engineer3,380 EUR+7%
Materials Engineer3,300 EUR+4%
Materials Researcher3,050 EUR-3%
Materials Technician2,400 EUR-24%
Mechanical and Electrical Engineer3,730 EUR+18%
Mechanical Design Engineer3,650 EUR+16%
Mechanical Designer2,960 EUR-6%
Mechanical Engineer3,590 EUR+14%
Mechanical Engineering Manager4,740 EUR+50%
Mechanical Inspector3,160 EUR+0%
Mechatronics Engineer3,500 EUR+11%
Mining Engineer3,350 EUR+6%
Oil and Petrochemical Engineer3,700 EUR+17%
Optical Engineer3,220 EUR+2%
Optical Instrument Assembler1,680 EUR-47%
PCB Assembler1,170 EUR-63%
Photonics Engineer3,780 EUR+20%
Photonics Technician3,090 EUR-2%
Pipeline Engineer3,050 EUR-3%
Piping Designer1,810 EUR-43%
Piping Engineer3,060 EUR-3%
Planning Engineer3,500 EUR+11%
Pressure Vessel Inspector1,520 EUR-52%
Principal Cost Engineer3,360 EUR+6%
Principal Engineer3,240 EUR+3%
Principal Support Engineer3,250 EUR+3%
Process Engineer3,360 EUR+6%
Process Operator1,970 EUR-38%
Product Development Engineer3,540 EUR+12%
Product Development Technician2,410 EUR-24%
Product Engineer3,540 EUR+12%
Product Safety Engineer3,090 EUR-2%
Production Engineer3,440 EUR+9%
Project Engineer3,610 EUR+14%
Proposal Manager4,450 EUR+41%
Purchasing Engineer3,190 EUR+1%
Quality Assurance Engineer3,390 EUR+7%
Rail Engineer3,450 EUR+9%
Robotics Engineer3,670 EUR+16%
Robotics Technician2,660 EUR-16%
Safety Engineer3,430 EUR+9%
Safety Inspector2,710 EUR-14%
Safety Manager3,790 EUR+20%
Safety Officer1,670 EUR-47%
Sales Engineer3,570 EUR+13%
Scheduling Engineer3,200 EUR+1%
Service Engineer3,470 EUR+10%
Solar Engineer3,460 EUR+10%
Staff Engineer3,260 EUR+3%
Static Equipment Engineer3,160 EUR+0%
Stationary Engineer3,090 EUR-2%
Stress Engineer3,150 EUR-0%
Structural Analysis Engineer3,330 EUR+5%
Structural Designer2,830 EUR-10%
Structural Engineer3,340 EUR+6%
Structural Technician2,190 EUR-31%
Supply Chain Specialist3,200 EUR+1%
Surveyor2,480 EUR-21%
Technical Affairs Officer1,760 EUR-44%
Technical Assistant1,770 EUR-44%
Technical Engineer2,830 EUR-10%
Technical Support Engineer2,780 EUR-12%
Tender Engineer2,970 EUR-6%
Test Development Engineer3,320 EUR+5%
Transportation Engineer3,260 EUR+3%
Validation Engineer2,950 EUR-7%
Verification Engineer3,130 EUR-1%
Wastewater Engineer3,280 EUR+4%
Wind Energy Engineer3,440 EUR+9%
Wind Energy Operations Manager4,520 EUR+43%
Work Planner2,380 EUR-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 Aland Islands earn 18% more than their private sector counterparts on average across all sectors.

Private Sector
3,270 EUR
Public Sector+18%
3,860 EUR
Percentage increase and decrease are relative to the previous value

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