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Drilling Engineer Average Salary in Bermuda 2021

How much money does a Drilling Engineer make in Bermuda?


Average Monthly Salary
1,460 BMD
( 17,500 BMD yearly)

LOW
670
BMD
AVERAGE
1,460
BMD
HIGH
2,320
BMD

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 Salary Distribution in Bermuda

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

  • Salary Range

    Drilling Engineer salaries in Bermuda range from 670 BMD per month (minimum salary) to 2,320 BMD per month (maximum salary).

  • Median 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.

  • 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 1,010 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.


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 Bermuda 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 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.

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 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.


Drilling Engineer average salary change by experience in Bermuda

0 - 2 Years
760 BMD
2 - 5 Years+34%
1,020 BMD
5 - 10 Years+48%
1,500 BMD
10 - 15 Years+22%
1,830 BMD
15 - 20 Years+9%
2,000 BMD
20+ Years+8%
2,160 BMD
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 Bermuda 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 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.


Drilling Engineer average salary difference by education level in Bermuda

Certificate or Diploma
870 BMD
Bachelor's Degree+57%
1,360 BMD
Master's Degree+68%
2,290 BMD
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 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.


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 Bermuda 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 Bermuda earn 19% more than their female counterparts on average.

Male
1,590 BMD
Female-16%
1,330 BMD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Bermuda for all Careers

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

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

Drilling Engineer

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.

Annual Salary Increment Rate Bermuda 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.

Bermuda / 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 Bermuda is 2%.

Annual Increment Rate By Industry 2020

Banking
6%
Energy
3%
Information Technology
9%
Healthcare
6%
Travel
3%
Construction
9%
Education
6%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Drilling Engineer Bonus and Incentive Rates in Bermuda

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

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.

Received Bonus
16%
No Bonus
84%

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 Bermuda


8 BMD per hour

The average hourly wage (pay per hour) in Bermuda is 8 BMD. This means that the average Drilling Engineer in Bermuda earns approximately 8 BMD 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 Bermuda
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The average salary for Drilling Engineer is 8% 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 Engineer1,330 BMD-9%
Assembly Engineering Technician1,130 BMD-23%
Assistant Chief Engineer1,680 BMD+15%
Associate Engineer1,260 BMD-14%
Autocad Operator920 BMD-37%
Automation Engineer1,560 BMD+7%
Avionic System Support Engineer1,410 BMD-3%
Biochemical Engineer1,330 BMD-9%
BMS Engineer1,320 BMD-10%
Bridge and Lock Tender780 BMD-47%
Broadcast Engineer1,420 BMD-3%
CAD Design Engineer1,470 BMD+1%
CAD Designer910 BMD-38%
CAE Engineer1,430 BMD-2%
Ceramics Engineer1,280 BMD-12%
Civil Engineer1,480 BMD+1%
Commissioning Engineer1,380 BMD-5%
Communications Engineer1,610 BMD+10%
Condition Monitoring Engineer1,300 BMD-11%
Contract Associate Engineer1,360 BMD-7%
Control Systems Engineer1,350 BMD-8%
Controls Engineer1,360 BMD-7%
Controls Software Engineer1,240 BMD-15%
Corrosion Engineer1,340 BMD-8%
Design Engineer1,500 BMD+3%
Drafter930 BMD-36%
Drafting Manager1,580 BMD+8%
Drilling Engineer1,460 BMD=
Electrical Draughtsman740 BMD-49%
Electrical Engineer1,530 BMD+5%
Electrical Engineering Manager2,050 BMD+40%
Electromechanical Engineering Technologist1,530 BMD+5%
Electromechanical Equipment Assembler770 BMD-47%
Energy Engineer1,570 BMD+8%
Engine Assembler660 BMD-55%
Engineer1,540 BMD+5%
Engineering Account Manager1,640 BMD+12%
Engineering Chief Designer1,610 BMD+10%
Engineering Consultant1,900 BMD+30%
Engineering Key Account Manager2,030 BMD+39%
Engineering Lab Technician1,360 BMD-7%
Engineering Planning Manager2,050 BMD+40%
Engineering Production Manager2,550 BMD+75%
Engineering Project Analyst1,630 BMD+12%
Engineering Project Coordinator 1,610 BMD+10%
Engineering Project Director2,850 BMD+95%
Engineering Project Manager1,990 BMD+36%
Engineering Research and Development Manager2,370 BMD+62%
Engineering Safety Coordinator1,120 BMD-23%
Engineering Sales Manager1,870 BMD+28%
Engineering Technician1,100 BMD-25%
Engineering Technologist1,160 BMD-21%
Environmental Engineer1,470 BMD+1%
Equipment Engineer1,270 BMD-13%
Equipment Engineering Manager1,870 BMD+28%
Estimator1,250 BMD-14%
Fabrication Specialist1,060 BMD-27%
Fabricator630 BMD-57%
Facade Engineer1,360 BMD-7%
Fiber Analyst850 BMD-42%
Field Engineer1,510 BMD+3%
Field Engineering Manager2,520 BMD+73%
Fire Engineer1,460 BMD=
Fitter and Turner480 BMD-67%
Forestry Strategic Planner1,620 BMD+11%
Generation Engineer1,390 BMD-5%
Genetic Engineer1,610 BMD+10%
Geological Engineer1,510 BMD+3%
Geotechnical Engineer1,470 BMD+1%
Heavy Equipment Mechanic770 BMD-47%
Highway Engineer1,410 BMD-3%
HSE Professional1,320 BMD-10%
HVAC Engineer1,540 BMD+5%
HVAC Supervisor1,340 BMD-8%
Industrial Engineer1,430 BMD-2%
Industrial Engineering Technologist1,370 BMD-6%
Instrument Engineer1,350 BMD-8%
Instrumentation and Control Engineer1,350 BMD-8%
Instrumentation Engineer1,360 BMD-7%
Instrumentation Manager1,420 BMD-3%
Irrigation Engineer1,340 BMD-8%
Licensed Aircraft Engineer1,510 BMD+3%
Locomotive Engineer1,430 BMD-2%
Maintenance Engineer1,320 BMD-10%
Maintenance Fitter520 BMD-64%
Maintenance Manager1,460 BMD=
Manufacturing Engineer1,390 BMD-5%
Marine Engineer1,490 BMD+2%
Materials Engineer1,340 BMD-8%
Materials Researcher1,390 BMD-5%
Materials Technician1,060 BMD-27%
Mechanical and Electrical Engineer1,600 BMD+10%
Mechanical Design Engineer1,520 BMD+4%
Mechanical Designer1,260 BMD-14%
Mechanical Engineer1,490 BMD+2%
Mechanical Engineering Manager2,020 BMD+38%
Mechanical Inspector1,340 BMD-8%
Mechatronics Engineer1,510 BMD+3%
Mining Engineer1,370 BMD-6%
Oil and Petrochemical Engineer1,640 BMD+12%
Optical Engineer1,380 BMD-5%
Optical Instrument Assembler740 BMD-49%
PCB Assembler510 BMD-65%
Photonics Engineer1,640 BMD+12%
Photonics Technician1,240 BMD-15%
Pipeline Engineer1,260 BMD-14%
Piping Designer760 BMD-48%
Piping Engineer1,320 BMD-10%
Planning Engineer1,410 BMD-3%
Pressure Vessel Inspector700 BMD-52%
Principal Cost Engineer1,400 BMD-4%
Principal Engineer1,390 BMD-5%
Principal Support Engineer1,420 BMD-3%
Process Engineer1,380 BMD-5%
Process Operator880 BMD-40%
Product Development Engineer1,490 BMD+2%
Product Development Technician1,000 BMD-32%
Product Engineer1,530 BMD+5%
Product Safety Engineer1,380 BMD-5%
Production Engineer1,380 BMD-5%
Project Engineer1,590 BMD+9%
Proposal Manager1,930 BMD+32%
Purchasing Engineer1,340 BMD-8%
Quality Assurance Engineer1,380 BMD-5%
Rail Engineer1,440 BMD-1%
Robotics Engineer1,660 BMD+14%
Robotics Technician1,230 BMD-16%
Safety Engineer1,460 BMD=
Safety Inspector1,100 BMD-25%
Safety Manager1,660 BMD+14%
Safety Officer720 BMD-51%
Sales Engineer1,540 BMD+5%
Scheduling Engineer1,260 BMD-14%
Service Engineer1,450 BMD-1%
Solar Engineer1,480 BMD+1%
Staff Engineer1,440 BMD-1%
Static Equipment Engineer1,460 BMD=
Stationary Engineer1,360 BMD-7%
Stress Engineer1,400 BMD-4%
Structural Analysis Engineer1,370 BMD-6%
Structural Designer1,330 BMD-9%
Structural Engineer1,400 BMD-4%
Structural Technician940 BMD-36%
Supply Chain Specialist1,400 BMD-4%
Surveyor1,120 BMD-23%
Technical Affairs Officer760 BMD-48%
Technical Assistant740 BMD-49%
Technical Engineer1,200 BMD-18%
Technical Support Engineer1,300 BMD-11%
Tender Engineer1,270 BMD-13%
Test Development Engineer1,440 BMD-1%
Transportation Engineer1,420 BMD-3%
Validation Engineer1,270 BMD-13%
Verification Engineer1,410 BMD-3%
Wastewater Engineer1,420 BMD-3%
Wind Energy Engineer1,420 BMD-3%
Wind Energy Operations Manager1,900 BMD+30%
Work Planner1,060 BMD-27%

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 Bermuda earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
1,470 BMD
Public Sector+14%
1,670 BMD
Percentage increase and decrease are relative to the previous value

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