A person working as a Drilling Engineer in Bermuda typically earns around 1,460 BMD per month. Salaries range from 670 BMD (lowest) to 2,320 BMD (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 Bermuda range from 670 BMD per month (minimum salary) to 2,320 BMD per month (maximum salary).
The median salary is 1,580 BMD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 1,580 BMD while the other half are earning more than 1,580 BMD. 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 1,010 BMD while 75% of them are earning more than 1,010 BMD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 2,100 BMD while 25% are earning more than 2,100 BMD.
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 760 BMD per month.
While someone with an experience level between two and five years is expected to earn 1,020 BMD 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 1,500 BMD per month, 48% 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 1,830 BMD per month, 22% 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 2,000 BMD 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 2,160 BMD per month, 8% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+48%|
|10 - 15 Years||+22%|
|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 870 BMD per month.
While someone with a Bachelor's Degree gets a salary of 1,360 BMD per month, 57% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 2,290 BMD per month, 68% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Bermuda costs anywhere from 7,970 Bermudian Dollar(s) to 23,900 Bermudian 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 Bermuda earn 19% more than their female counterparts on average.
Drilling Engineer(s) in Bermuda 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 Bermuda 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.
84% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 16% 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 8% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||1,330 BMD||-9%|
|Assembly Engineering Technician||1,130 BMD||-23%|
|Assistant Chief Engineer||1,680 BMD||+15%|
|Associate Engineer||1,260 BMD||-14%|
|Autocad Operator||920 BMD||-37%|
|Automation Engineer||1,560 BMD||+7%|
|Avionic System Support Engineer||1,410 BMD||-3%|
|Biochemical Engineer||1,330 BMD||-9%|
|BMS Engineer||1,320 BMD||-10%|
|Bridge and Lock Tender||780 BMD||-47%|
|Broadcast Engineer||1,420 BMD||-3%|
|CAD Design Engineer||1,470 BMD||+1%|
|CAD Designer||910 BMD||-38%|
|CAE Engineer||1,430 BMD||-2%|
|Ceramics Engineer||1,280 BMD||-12%|
|Civil Engineer||1,480 BMD||+1%|
|Commissioning Engineer||1,380 BMD||-5%|
|Communications Engineer||1,610 BMD||+10%|
|Condition Monitoring Engineer||1,300 BMD||-11%|
|Contract Associate Engineer||1,360 BMD||-7%|
|Control Systems Engineer||1,350 BMD||-8%|
|Controls Engineer||1,360 BMD||-7%|
|Controls Software Engineer||1,240 BMD||-15%|
|Corrosion Engineer||1,340 BMD||-8%|
|Design Engineer||1,500 BMD||+3%|
|Drafting Manager||1,580 BMD||+8%|
|Drilling Engineer||1,460 BMD||=|
|Electrical Draughtsman||740 BMD||-49%|
|Electrical Engineer||1,530 BMD||+5%|
|Electrical Engineering Manager||2,050 BMD||+40%|
|Electromechanical Engineering Technologist||1,530 BMD||+5%|
|Electromechanical Equipment Assembler||770 BMD||-47%|
|Energy Engineer||1,570 BMD||+8%|
|Engine Assembler||660 BMD||-55%|
|Engineering Account Manager||1,640 BMD||+12%|
|Engineering Chief Designer||1,610 BMD||+10%|
|Engineering Consultant||1,900 BMD||+30%|
|Engineering Key Account Manager||2,030 BMD||+39%|
|Engineering Lab Technician||1,360 BMD||-7%|
|Engineering Planning Manager||2,050 BMD||+40%|
|Engineering Production Manager||2,550 BMD||+75%|
|Engineering Project Analyst||1,630 BMD||+12%|
|Engineering Project Coordinator||1,610 BMD||+10%|
|Engineering Project Director||2,850 BMD||+95%|
|Engineering Project Manager||1,990 BMD||+36%|
|Engineering Research and Development Manager||2,370 BMD||+62%|
|Engineering Safety Coordinator||1,120 BMD||-23%|
|Engineering Sales Manager||1,870 BMD||+28%|
|Engineering Technician||1,100 BMD||-25%|
|Engineering Technologist||1,160 BMD||-21%|
|Environmental Engineer||1,470 BMD||+1%|
|Equipment Engineer||1,270 BMD||-13%|
|Equipment Engineering Manager||1,870 BMD||+28%|
|Fabrication Specialist||1,060 BMD||-27%|
|Facade Engineer||1,360 BMD||-7%|
|Fiber Analyst||850 BMD||-42%|
|Field Engineer||1,510 BMD||+3%|
|Field Engineering Manager||2,520 BMD||+73%|
|Fire Engineer||1,460 BMD||=|
|Fitter and Turner||480 BMD||-67%|
|Forestry Strategic Planner||1,620 BMD||+11%|
|Generation Engineer||1,390 BMD||-5%|
|Genetic Engineer||1,610 BMD||+10%|
|Geological Engineer||1,510 BMD||+3%|
|Geotechnical Engineer||1,470 BMD||+1%|
|Heavy Equipment Mechanic||770 BMD||-47%|
|Highway Engineer||1,410 BMD||-3%|
|HSE Professional||1,320 BMD||-10%|
|HVAC Engineer||1,540 BMD||+5%|
|HVAC Supervisor||1,340 BMD||-8%|
|Industrial Engineer||1,430 BMD||-2%|
|Industrial Engineering Technologist||1,370 BMD||-6%|
|Instrument Engineer||1,350 BMD||-8%|
|Instrumentation and Control Engineer||1,350 BMD||-8%|
|Instrumentation Engineer||1,360 BMD||-7%|
|Instrumentation Manager||1,420 BMD||-3%|
|Irrigation Engineer||1,340 BMD||-8%|
|Licensed Aircraft Engineer||1,510 BMD||+3%|
|Locomotive Engineer||1,430 BMD||-2%|
|Maintenance Engineer||1,320 BMD||-10%|
|Maintenance Fitter||520 BMD||-64%|
|Maintenance Manager||1,460 BMD||=|
|Manufacturing Engineer||1,390 BMD||-5%|
|Marine Engineer||1,490 BMD||+2%|
|Materials Engineer||1,340 BMD||-8%|
|Materials Researcher||1,390 BMD||-5%|
|Materials Technician||1,060 BMD||-27%|
|Mechanical and Electrical Engineer||1,600 BMD||+10%|
|Mechanical Design Engineer||1,520 BMD||+4%|
|Mechanical Designer||1,260 BMD||-14%|
|Mechanical Engineer||1,490 BMD||+2%|
|Mechanical Engineering Manager||2,020 BMD||+38%|
|Mechanical Inspector||1,340 BMD||-8%|
|Mechatronics Engineer||1,510 BMD||+3%|
|Mining Engineer||1,370 BMD||-6%|
|Oil and Petrochemical Engineer||1,640 BMD||+12%|
|Optical Engineer||1,380 BMD||-5%|
|Optical Instrument Assembler||740 BMD||-49%|
|PCB Assembler||510 BMD||-65%|
|Photonics Engineer||1,640 BMD||+12%|
|Photonics Technician||1,240 BMD||-15%|
|Pipeline Engineer||1,260 BMD||-14%|
|Piping Designer||760 BMD||-48%|
|Piping Engineer||1,320 BMD||-10%|
|Planning Engineer||1,410 BMD||-3%|
|Pressure Vessel Inspector||700 BMD||-52%|
|Principal Cost Engineer||1,400 BMD||-4%|
|Principal Engineer||1,390 BMD||-5%|
|Principal Support Engineer||1,420 BMD||-3%|
|Process Engineer||1,380 BMD||-5%|
|Process Operator||880 BMD||-40%|
|Product Development Engineer||1,490 BMD||+2%|
|Product Development Technician||1,000 BMD||-32%|
|Product Engineer||1,530 BMD||+5%|
|Product Safety Engineer||1,380 BMD||-5%|
|Production Engineer||1,380 BMD||-5%|
|Project Engineer||1,590 BMD||+9%|
|Proposal Manager||1,930 BMD||+32%|
|Purchasing Engineer||1,340 BMD||-8%|
|Quality Assurance Engineer||1,380 BMD||-5%|
|Rail Engineer||1,440 BMD||-1%|
|Robotics Engineer||1,660 BMD||+14%|
|Robotics Technician||1,230 BMD||-16%|
|Safety Engineer||1,460 BMD||=|
|Safety Inspector||1,100 BMD||-25%|
|Safety Manager||1,660 BMD||+14%|
|Safety Officer||720 BMD||-51%|
|Sales Engineer||1,540 BMD||+5%|
|Scheduling Engineer||1,260 BMD||-14%|
|Service Engineer||1,450 BMD||-1%|
|Solar Engineer||1,480 BMD||+1%|
|Staff Engineer||1,440 BMD||-1%|
|Static Equipment Engineer||1,460 BMD||=|
|Stationary Engineer||1,360 BMD||-7%|
|Stress Engineer||1,400 BMD||-4%|
|Structural Analysis Engineer||1,370 BMD||-6%|
|Structural Designer||1,330 BMD||-9%|
|Structural Engineer||1,400 BMD||-4%|
|Structural Technician||940 BMD||-36%|
|Supply Chain Specialist||1,400 BMD||-4%|
|Technical Affairs Officer||760 BMD||-48%|
|Technical Assistant||740 BMD||-49%|
|Technical Engineer||1,200 BMD||-18%|
|Technical Support Engineer||1,300 BMD||-11%|
|Tender Engineer||1,270 BMD||-13%|
|Test Development Engineer||1,440 BMD||-1%|
|Transportation Engineer||1,420 BMD||-3%|
|Validation Engineer||1,270 BMD||-13%|
|Verification Engineer||1,410 BMD||-3%|
|Wastewater Engineer||1,420 BMD||-3%|
|Wind Energy Engineer||1,420 BMD||-3%|
|Wind Energy Operations Manager||1,900 BMD||+30%|
|Work Planner||1,060 BMD||-27%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Bermuda earn 14% more than their private sector counterparts on average across all sectors.