A person working as a Drilling Engineer in Turks and Caicos Islands typically earns around 1,290 USD per month. Salaries range from 630 USD (lowest) to 2,010 USD (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 Turks and Caicos Islands range from 630 USD per month (minimum salary) to 2,010 USD per month (maximum salary).
The median salary is 1,310 USD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 1,310 USD while the other half are earning more than 1,310 USD. 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 870 USD while 75% of them are earning more than 870 USD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 1,690 USD while 25% are earning more than 1,690 USD.
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 750 USD per month.
While someone with an experience level between two and five years is expected to earn 960 USD 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 1,330 USD 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 1,640 USD 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 1,760 USD 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 1,880 USD 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 960 USD per month.
While someone with a Bachelor's Degree gets a salary of 1,290 USD per month, 34% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 1,980 USD 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 Turks and Caicos Islands costs anywhere from 7,430 US Dollar(s) to 22,300 US 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 Turks and Caicos Islands earn 11% more than their female counterparts on average.
Drilling Engineer(s) in Turks and Caicos Islands 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.
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 Turks and Caicos 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.
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% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||1,290 USD||+0%|
|Assembly Engineering Technician||1,000 USD||-22%|
|Assistant Chief Engineer||1,490 USD||+16%|
|Associate Engineer||1,230 USD||-4%|
|Autocad Operator||820 USD||-36%|
|Automation Engineer||1,370 USD||+6%|
|Avionic System Support Engineer||1,230 USD||-4%|
|Biochemical Engineer||1,200 USD||-7%|
|BMS Engineer||1,250 USD||-3%|
|Bridge and Lock Tender||690 USD||-46%|
|Broadcast Engineer||1,330 USD||+3%|
|CAD Design Engineer||1,360 USD||+6%|
|CAD Designer||840 USD||-35%|
|CAE Engineer||1,310 USD||+2%|
|Ceramics Engineer||1,250 USD||-3%|
|Civil Engineer||1,440 USD||+12%|
|Commissioning Engineer||1,290 USD||+0%|
|Communications Engineer||1,510 USD||+17%|
|Condition Monitoring Engineer||1,150 USD||-11%|
|Contract Associate Engineer||1,230 USD||-4%|
|Control Systems Engineer||1,340 USD||+4%|
|Controls Engineer||1,360 USD||+6%|
|Controls Software Engineer||1,230 USD||-4%|
|Corrosion Engineer||1,190 USD||-8%|
|Design Engineer||1,320 USD||+3%|
|Drafting Manager||1,520 USD||+18%|
|Drilling Engineer||1,290 USD||+0%|
|Electrical Draughtsman||700 USD||-46%|
|Electrical Engineer||1,490 USD||+16%|
|Electrical Engineering Manager||1,990 USD||+55%|
|Electromechanical Engineering Technologist||1,420 USD||+10%|
|Electromechanical Equipment Assembler||710 USD||-45%|
|Energy Engineer||1,340 USD||+4%|
|Engine Assembler||600 USD||-53%|
|Engineering Account Manager||1,530 USD||+19%|
|Engineering Chief Designer||1,560 USD||+21%|
|Engineering Consultant||1,910 USD||+48%|
|Engineering Key Account Manager||1,900 USD||+48%|
|Engineering Lab Technician||1,270 USD||-1%|
|Engineering Planning Manager||1,860 USD||+45%|
|Engineering Production Manager||2,320 USD||+80%|
|Engineering Project Analyst||1,510 USD||+17%|
|Engineering Project Coordinator||1,490 USD||+16%|
|Engineering Project Director||2,860 USD||+120%|
|Engineering Project Manager||1,910 USD||+48%|
|Engineering Research and Development Manager||2,160 USD||+68%|
|Engineering Safety Coordinator||1,000 USD||-22%|
|Engineering Sales Manager||1,800 USD||+40%|
|Engineering Technician||1,060 USD||-18%|
|Engineering Technologist||1,070 USD||-17%|
|Environmental Engineer||1,290 USD||+0%|
|Equipment Engineer||1,230 USD||-4%|
|Equipment Engineering Manager||1,810 USD||+41%|
|Fabrication Specialist||960 USD||-25%|
|Facade Engineer||1,270 USD||-1%|
|Fiber Analyst||760 USD||-41%|
|Field Engineer||1,460 USD||+13%|
|Field Engineering Manager||2,200 USD||+71%|
|Fire Engineer||1,410 USD||+10%|
|Fitter and Turner||420 USD||-67%|
|Forestry Strategic Planner||1,540 USD||+20%|
|Generation Engineer||1,310 USD||+2%|
|Genetic Engineer||1,480 USD||+15%|
|Geological Engineer||1,430 USD||+11%|
|Geotechnical Engineer||1,420 USD||+10%|
|Heavy Equipment Mechanic||710 USD||-45%|
|Highway Engineer||1,360 USD||+6%|
|HSE Professional||1,240 USD||-4%|
|HVAC Engineer||1,490 USD||+16%|
|HVAC Supervisor||1,250 USD||-3%|
|Industrial Engineer||1,240 USD||-4%|
|Industrial Engineering Technologist||1,240 USD||-4%|
|Instrument Engineer||1,330 USD||+3%|
|Instrumentation and Control Engineer||1,360 USD||+6%|
|Instrumentation Engineer||1,340 USD||+4%|
|Instrumentation Manager||1,290 USD||+0%|
|Irrigation Engineer||1,290 USD||+0%|
|Licensed Aircraft Engineer||1,380 USD||+7%|
|Locomotive Engineer||1,340 USD||+4%|
|Maintenance Engineer||1,270 USD||-1%|
|Maintenance Fitter||460 USD||-64%|
|Maintenance Manager||1,310 USD||+2%|
|Manufacturing Engineer||1,330 USD||+3%|
|Marine Engineer||1,290 USD||+0%|
|Materials Engineer||1,290 USD||+0%|
|Materials Researcher||1,280 USD||-1%|
|Materials Technician||1,020 USD||-21%|
|Mechanical and Electrical Engineer||1,510 USD||+17%|
|Mechanical Design Engineer||1,370 USD||+6%|
|Mechanical Designer||1,130 USD||-12%|
|Mechanical Engineer||1,430 USD||+11%|
|Mechanical Engineering Manager||1,930 USD||+50%|
|Mechanical Inspector||1,360 USD||+6%|
|Mechatronics Engineer||1,390 USD||+8%|
|Mining Engineer||1,380 USD||+7%|
|Oil and Petrochemical Engineer||1,420 USD||+10%|
|Optical Engineer||1,330 USD||+3%|
|Optical Instrument Assembler||710 USD||-45%|
|PCB Assembler||470 USD||-63%|
|Photonics Engineer||1,410 USD||+10%|
|Photonics Technician||1,170 USD||-9%|
|Pipeline Engineer||1,270 USD||-1%|
|Piping Designer||700 USD||-46%|
|Piping Engineer||1,200 USD||-7%|
|Planning Engineer||1,400 USD||+9%|
|Pressure Vessel Inspector||650 USD||-49%|
|Principal Cost Engineer||1,350 USD||+5%|
|Principal Engineer||1,360 USD||+6%|
|Principal Support Engineer||1,400 USD||+9%|
|Process Engineer||1,320 USD||+3%|
|Process Operator||760 USD||-41%|
|Product Development Engineer||1,420 USD||+10%|
|Product Development Technician||970 USD||-25%|
|Product Engineer||1,450 USD||+13%|
|Product Safety Engineer||1,280 USD||-1%|
|Production Engineer||1,370 USD||+6%|
|Project Engineer||1,360 USD||+6%|
|Proposal Manager||1,740 USD||+35%|
|Purchasing Engineer||1,260 USD||-2%|
|Quality Assurance Engineer||1,310 USD||+2%|
|Rail Engineer||1,360 USD||+6%|
|Robotics Engineer||1,460 USD||+13%|
|Robotics Technician||1,090 USD||-15%|
|Safety Engineer||1,380 USD||+7%|
|Safety Inspector||1,030 USD||-20%|
|Safety Manager||1,550 USD||+20%|
|Safety Officer||700 USD||-46%|
|Sales Engineer||1,400 USD||+9%|
|Scheduling Engineer||1,180 USD||-8%|
|Service Engineer||1,470 USD||+14%|
|Solar Engineer||1,460 USD||+13%|
|Staff Engineer||1,390 USD||+8%|
|Static Equipment Engineer||1,290 USD||+0%|
|Stationary Engineer||1,170 USD||-9%|
|Stress Engineer||1,210 USD||-6%|
|Structural Analysis Engineer||1,310 USD||+2%|
|Structural Designer||1,230 USD||-4%|
|Structural Engineer||1,340 USD||+4%|
|Structural Technician||900 USD||-30%|
|Supply Chain Specialist||1,290 USD||+0%|
|Technical Affairs Officer||680 USD||-47%|
|Technical Assistant||660 USD||-49%|
|Technical Engineer||1,220 USD||-5%|
|Technical Support Engineer||1,150 USD||-11%|
|Tender Engineer||1,220 USD||-5%|
|Test Development Engineer||1,380 USD||+7%|
|Transportation Engineer||1,210 USD||-6%|
|Validation Engineer||1,170 USD||-9%|
|Verification Engineer||1,300 USD||+1%|
|Wastewater Engineer||1,290 USD||+0%|
|Wind Energy Engineer||1,420 USD||+10%|
|Wind Energy Operations Manager||1,720 USD||+34%|
|Work Planner||910 USD||-29%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Turks and Caicos Islands earn 10% more than their private sector counterparts on average across all sectors.