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Drilling Engineer Average Salary in British Indian Ocean Territory 2021

How much money does a Drilling Engineer make in British Indian Ocean Territory?


Average Monthly Salary
2,450 USD
( 29,400 USD yearly)

LOW
1,200
USD
AVERAGE
2,450
USD
HIGH
3,820
USD

A person working as a Drilling Engineer in British Indian Ocean Territory typically earns around 2,450 USD per month. Salaries range from 1,200 USD (lowest) to 3,820 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 Salary Distribution in British Indian Ocean Territory

Median and salary distribution monthly British Indian Ocean Territory Drilling Engineer
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The median, the maximum, the minimum, and the range

  • Salary Range

    Drilling Engineer salaries in British Indian Ocean Territory range from 1,200 USD per month (minimum salary) to 3,820 USD per month (maximum salary).

  • Median Salary

    The median salary is 2,500 USD per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 2,500 USD while the other half are earning more than 2,500 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.

  • 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 1,660 USD while 75% of them are earning more than 1,660 USD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 3,220 USD while 25% are earning more than 3,220 USD.


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 British Indian Ocean Territory 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 1,420 USD per month.

While someone with an experience level between two and five years is expected to earn 1,830 USD per month, 28% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 2,520 USD per month, 38% 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 3,120 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 3,350 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 3,570 USD per month, 7% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in British Indian Ocean Territory

0 - 2 Years
1,420 USD
2 - 5 Years+28%
1,830 USD
5 - 10 Years+38%
2,520 USD
10 - 15 Years+24%
3,120 USD
15 - 20 Years+7%
3,350 USD
20+ Years+7%
3,570 USD
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 British Indian Ocean Territory 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 1,830 USD per month.

While someone with a Bachelor's Degree gets a salary of 2,460 USD per month, 34% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 3,770 USD per month, 53% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in British Indian Ocean Territory

Certificate or Diploma
1,830 USD
Bachelor's Degree+34%
2,460 USD
Master's Degree+53%
3,770 USD
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 British Indian Ocean Territory costs anywhere from 13,400 US Dollar(s) to 40,200 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.


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 British Indian Ocean Territory 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 British Indian Ocean Territory earn 11% more than their female counterparts on average.

Male
2,550 USD
Female-10%
2,290 USD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in British Indian Ocean Territory for all Careers

Salary comparison by gender monthly British Indian Ocean Territory
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Drilling Engineer Average Annual Salary Increment Percentage in British Indian Ocean Territory

How much are annual salary increments in British Indian Ocean Territory for Drilling Engineer(s)? How often do employees get salary raises?

Drilling Engineer

Drilling Engineer(s) in British Indian Ocean Territory 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.

Annual Salary Increment Rate British Indian Ocean Territory 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.

British Indian Ocean Territory / 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 British Indian Ocean Territory is 2%.

Annual Increment Rate By Industry 2020

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Listed above are the average annual increase rates for each industry in British Indian Ocean Territory 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 British Indian Ocean Territory

How much and how often are bonuses being awarded?Annual Salary Bonus Rate British Indian Ocean Territory 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.

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.

Received Bonus
13%
No Bonus
87%

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 British Indian Ocean Territory


14 USD per hour

The average hourly wage (pay per hour) in British Indian Ocean Territory is 14 USD. This means that the average Drilling Engineer in British Indian Ocean Territory earns approximately 14 USD 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 British Indian Ocean Territory
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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 Engineer2,250 USD-8%
Assembly Engineering Technician1,830 USD-25%
Assistant Chief Engineer2,740 USD+12%
Associate Engineer2,220 USD-9%
Autocad Operator1,490 USD-39%
Automation Engineer2,660 USD+9%
Avionic System Support Engineer2,260 USD-8%
Biochemical Engineer2,260 USD-8%
BMS Engineer2,250 USD-8%
Bridge and Lock Tender1,350 USD-45%
Broadcast Engineer2,270 USD-7%
CAD Design Engineer2,380 USD-3%
CAD Designer1,490 USD-39%
CAE Engineer2,390 USD-2%
Ceramics Engineer2,090 USD-15%
Civil Engineer2,440 USD-0%
Commissioning Engineer2,410 USD-2%
Communications Engineer2,590 USD+6%
Condition Monitoring Engineer2,120 USD-13%
Contract Associate Engineer2,300 USD-6%
Control Systems Engineer2,240 USD-8%
Controls Engineer2,360 USD-4%
Controls Software Engineer2,080 USD-15%
Corrosion Engineer2,180 USD-11%
Design Engineer2,500 USD+2%
Drafter1,530 USD-37%
Drafting Manager2,630 USD+7%
Drilling Engineer2,450 USD+0%
Electrical Draughtsman1,270 USD-48%
Electrical Engineer2,580 USD+5%
Electrical Engineering Manager3,490 USD+43%
Electromechanical Engineering Technologist2,480 USD+1%
Electromechanical Equipment Assembler1,250 USD-49%
Energy Engineer2,640 USD+8%
Engine Assembler1,070 USD-56%
Engineer2,640 USD+8%
Engineering Account Manager2,770 USD+13%
Engineering Chief Designer2,810 USD+15%
Engineering Consultant3,110 USD+27%
Engineering Key Account Manager3,300 USD+35%
Engineering Lab Technician2,300 USD-6%
Engineering Planning Manager3,410 USD+39%
Engineering Production Manager4,210 USD+72%
Engineering Project Analyst2,820 USD+15%
Engineering Project Coordinator 2,860 USD+17%
Engineering Project Director4,660 USD+90%
Engineering Project Manager3,230 USD+32%
Engineering Research and Development Manager3,830 USD+57%
Engineering Safety Coordinator1,940 USD-21%
Engineering Sales Manager3,210 USD+31%
Engineering Technician1,790 USD-27%
Engineering Technologist1,910 USD-22%
Environmental Engineer2,290 USD-6%
Equipment Engineer2,200 USD-10%
Equipment Engineering Manager3,270 USD+34%
Estimator2,050 USD-16%
Fabrication Specialist1,700 USD-31%
Fabricator1,130 USD-54%
Facade Engineer2,290 USD-6%
Fiber Analyst1,340 USD-45%
Field Engineer2,410 USD-2%
Field Engineering Manager4,040 USD+65%
Fire Engineer2,330 USD-5%
Fitter and Turner770 USD-69%
Forestry Strategic Planner2,670 USD+9%
Generation Engineer2,500 USD+2%
Genetic Engineer2,620 USD+7%
Geological Engineer2,520 USD+3%
Geotechnical Engineer2,630 USD+7%
Heavy Equipment Mechanic1,330 USD-46%
Highway Engineer2,300 USD-6%
HSE Professional2,310 USD-6%
HVAC Engineer2,530 USD+3%
HVAC Supervisor2,290 USD-6%
Industrial Engineer2,360 USD-4%
Industrial Engineering Technologist2,400 USD-2%
Instrument Engineer2,380 USD-3%
Instrumentation and Control Engineer2,430 USD-1%
Instrumentation Engineer2,320 USD-5%
Instrumentation Manager2,340 USD-4%
Irrigation Engineer2,220 USD-9%
Licensed Aircraft Engineer2,660 USD+9%
Locomotive Engineer2,300 USD-6%
Maintenance Engineer2,210 USD-10%
Maintenance Fitter840 USD-66%
Maintenance Manager2,310 USD-6%
Manufacturing Engineer2,340 USD-4%
Marine Engineer2,520 USD+3%
Materials Engineer2,300 USD-6%
Materials Researcher2,280 USD-7%
Materials Technician1,680 USD-31%
Mechanical and Electrical Engineer2,500 USD+2%
Mechanical Design Engineer2,650 USD+8%
Mechanical Designer2,000 USD-18%
Mechanical Engineer2,570 USD+5%
Mechanical Engineering Manager3,490 USD+43%
Mechanical Inspector2,210 USD-10%
Mechatronics Engineer2,520 USD+3%
Mining Engineer2,460 USD+1%
Oil and Petrochemical Engineer2,620 USD+7%
Optical Engineer2,240 USD-8%
Optical Instrument Assembler1,200 USD-51%
PCB Assembler880 USD-64%
Photonics Engineer2,760 USD+13%
Photonics Technician2,100 USD-14%
Pipeline Engineer2,190 USD-11%
Piping Designer1,340 USD-45%
Piping Engineer2,110 USD-14%
Planning Engineer2,500 USD+2%
Pressure Vessel Inspector1,190 USD-51%
Principal Cost Engineer2,500 USD+2%
Principal Engineer2,440 USD-0%
Principal Support Engineer2,510 USD+3%
Process Engineer2,450 USD+0%
Process Operator1,450 USD-41%
Product Development Engineer2,400 USD-2%
Product Development Technician1,790 USD-27%
Product Engineer2,480 USD+1%
Product Safety Engineer2,250 USD-8%
Production Engineer2,460 USD+1%
Project Engineer2,600 USD+6%
Proposal Manager3,100 USD+27%
Purchasing Engineer2,300 USD-6%
Quality Assurance Engineer2,270 USD-7%
Rail Engineer2,380 USD-3%
Robotics Engineer2,770 USD+13%
Robotics Technician2,060 USD-16%
Safety Engineer2,430 USD-1%
Safety Inspector1,930 USD-21%
Safety Manager2,790 USD+14%
Safety Officer1,260 USD-49%
Sales Engineer2,460 USD+1%
Scheduling Engineer2,250 USD-8%
Service Engineer2,460 USD+1%
Solar Engineer2,600 USD+6%
Staff Engineer2,290 USD-6%
Static Equipment Engineer2,450 USD+0%
Stationary Engineer2,220 USD-9%
Stress Engineer2,230 USD-9%
Structural Analysis Engineer2,430 USD-1%
Structural Designer2,060 USD-16%
Structural Engineer2,260 USD-8%
Structural Technician1,530 USD-37%
Supply Chain Specialist2,260 USD-8%
Surveyor1,890 USD-23%
Technical Affairs Officer1,240 USD-49%
Technical Assistant1,240 USD-49%
Technical Engineer1,970 USD-19%
Technical Support Engineer2,120 USD-13%
Tender Engineer2,060 USD-16%
Test Development Engineer2,280 USD-7%
Transportation Engineer2,380 USD-3%
Validation Engineer2,120 USD-13%
Verification Engineer2,380 USD-3%
Wastewater Engineer2,270 USD-7%
Wind Energy Engineer2,390 USD-2%
Wind Energy Operations Manager3,220 USD+32%
Work Planner1,680 USD-31%

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 British Indian Ocean Territory earn 21% more than their private sector counterparts on average across all sectors.

Private Sector
2,440 USD
Public Sector+21%
2,950 USD
Percentage increase and decrease are relative to the previous value

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