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 salaries in British Indian Ocean Territory range from 1,200 USD per month (minimum salary) to 3,820 USD per month (maximum 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.
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.
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 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.
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.
|0 - 2 Years|
|2 - 5 Years||+28%|
|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 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.
|Certificate or Diploma|
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.
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.
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.
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 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.
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 8% more than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||2,250 USD||-8%|
|Assembly Engineering Technician||1,830 USD||-25%|
|Assistant Chief Engineer||2,740 USD||+12%|
|Associate Engineer||2,220 USD||-9%|
|Autocad Operator||1,490 USD||-39%|
|Automation Engineer||2,660 USD||+9%|
|Avionic System Support Engineer||2,260 USD||-8%|
|Biochemical Engineer||2,260 USD||-8%|
|BMS Engineer||2,250 USD||-8%|
|Bridge and Lock Tender||1,350 USD||-45%|
|Broadcast Engineer||2,270 USD||-7%|
|CAD Design Engineer||2,380 USD||-3%|
|CAD Designer||1,490 USD||-39%|
|CAE Engineer||2,390 USD||-2%|
|Ceramics Engineer||2,090 USD||-15%|
|Civil Engineer||2,440 USD||-0%|
|Commissioning Engineer||2,410 USD||-2%|
|Communications Engineer||2,590 USD||+6%|
|Condition Monitoring Engineer||2,120 USD||-13%|
|Contract Associate Engineer||2,300 USD||-6%|
|Control Systems Engineer||2,240 USD||-8%|
|Controls Engineer||2,360 USD||-4%|
|Controls Software Engineer||2,080 USD||-15%|
|Corrosion Engineer||2,180 USD||-11%|
|Design Engineer||2,500 USD||+2%|
|Drafting Manager||2,630 USD||+7%|
|Drilling Engineer||2,450 USD||+0%|
|Electrical Draughtsman||1,270 USD||-48%|
|Electrical Engineer||2,580 USD||+5%|
|Electrical Engineering Manager||3,490 USD||+43%|
|Electromechanical Engineering Technologist||2,480 USD||+1%|
|Electromechanical Equipment Assembler||1,250 USD||-49%|
|Energy Engineer||2,640 USD||+8%|
|Engine Assembler||1,070 USD||-56%|
|Engineering Account Manager||2,770 USD||+13%|
|Engineering Chief Designer||2,810 USD||+15%|
|Engineering Consultant||3,110 USD||+27%|
|Engineering Key Account Manager||3,300 USD||+35%|
|Engineering Lab Technician||2,300 USD||-6%|
|Engineering Planning Manager||3,410 USD||+39%|
|Engineering Production Manager||4,210 USD||+72%|
|Engineering Project Analyst||2,820 USD||+15%|
|Engineering Project Coordinator||2,860 USD||+17%|
|Engineering Project Director||4,660 USD||+90%|
|Engineering Project Manager||3,230 USD||+32%|
|Engineering Research and Development Manager||3,830 USD||+57%|
|Engineering Safety Coordinator||1,940 USD||-21%|
|Engineering Sales Manager||3,210 USD||+31%|
|Engineering Technician||1,790 USD||-27%|
|Engineering Technologist||1,910 USD||-22%|
|Environmental Engineer||2,290 USD||-6%|
|Equipment Engineer||2,200 USD||-10%|
|Equipment Engineering Manager||3,270 USD||+34%|
|Fabrication Specialist||1,700 USD||-31%|
|Facade Engineer||2,290 USD||-6%|
|Fiber Analyst||1,340 USD||-45%|
|Field Engineer||2,410 USD||-2%|
|Field Engineering Manager||4,040 USD||+65%|
|Fire Engineer||2,330 USD||-5%|
|Fitter and Turner||770 USD||-69%|
|Forestry Strategic Planner||2,670 USD||+9%|
|Generation Engineer||2,500 USD||+2%|
|Genetic Engineer||2,620 USD||+7%|
|Geological Engineer||2,520 USD||+3%|
|Geotechnical Engineer||2,630 USD||+7%|
|Heavy Equipment Mechanic||1,330 USD||-46%|
|Highway Engineer||2,300 USD||-6%|
|HSE Professional||2,310 USD||-6%|
|HVAC Engineer||2,530 USD||+3%|
|HVAC Supervisor||2,290 USD||-6%|
|Industrial Engineer||2,360 USD||-4%|
|Industrial Engineering Technologist||2,400 USD||-2%|
|Instrument Engineer||2,380 USD||-3%|
|Instrumentation and Control Engineer||2,430 USD||-1%|
|Instrumentation Engineer||2,320 USD||-5%|
|Instrumentation Manager||2,340 USD||-4%|
|Irrigation Engineer||2,220 USD||-9%|
|Licensed Aircraft Engineer||2,660 USD||+9%|
|Locomotive Engineer||2,300 USD||-6%|
|Maintenance Engineer||2,210 USD||-10%|
|Maintenance Fitter||840 USD||-66%|
|Maintenance Manager||2,310 USD||-6%|
|Manufacturing Engineer||2,340 USD||-4%|
|Marine Engineer||2,520 USD||+3%|
|Materials Engineer||2,300 USD||-6%|
|Materials Researcher||2,280 USD||-7%|
|Materials Technician||1,680 USD||-31%|
|Mechanical and Electrical Engineer||2,500 USD||+2%|
|Mechanical Design Engineer||2,650 USD||+8%|
|Mechanical Designer||2,000 USD||-18%|
|Mechanical Engineer||2,570 USD||+5%|
|Mechanical Engineering Manager||3,490 USD||+43%|
|Mechanical Inspector||2,210 USD||-10%|
|Mechatronics Engineer||2,520 USD||+3%|
|Mining Engineer||2,460 USD||+1%|
|Oil and Petrochemical Engineer||2,620 USD||+7%|
|Optical Engineer||2,240 USD||-8%|
|Optical Instrument Assembler||1,200 USD||-51%|
|PCB Assembler||880 USD||-64%|
|Photonics Engineer||2,760 USD||+13%|
|Photonics Technician||2,100 USD||-14%|
|Pipeline Engineer||2,190 USD||-11%|
|Piping Designer||1,340 USD||-45%|
|Piping Engineer||2,110 USD||-14%|
|Planning Engineer||2,500 USD||+2%|
|Pressure Vessel Inspector||1,190 USD||-51%|
|Principal Cost Engineer||2,500 USD||+2%|
|Principal Engineer||2,440 USD||-0%|
|Principal Support Engineer||2,510 USD||+3%|
|Process Engineer||2,450 USD||+0%|
|Process Operator||1,450 USD||-41%|
|Product Development Engineer||2,400 USD||-2%|
|Product Development Technician||1,790 USD||-27%|
|Product Engineer||2,480 USD||+1%|
|Product Safety Engineer||2,250 USD||-8%|
|Production Engineer||2,460 USD||+1%|
|Project Engineer||2,600 USD||+6%|
|Proposal Manager||3,100 USD||+27%|
|Purchasing Engineer||2,300 USD||-6%|
|Quality Assurance Engineer||2,270 USD||-7%|
|Rail Engineer||2,380 USD||-3%|
|Robotics Engineer||2,770 USD||+13%|
|Robotics Technician||2,060 USD||-16%|
|Safety Engineer||2,430 USD||-1%|
|Safety Inspector||1,930 USD||-21%|
|Safety Manager||2,790 USD||+14%|
|Safety Officer||1,260 USD||-49%|
|Sales Engineer||2,460 USD||+1%|
|Scheduling Engineer||2,250 USD||-8%|
|Service Engineer||2,460 USD||+1%|
|Solar Engineer||2,600 USD||+6%|
|Staff Engineer||2,290 USD||-6%|
|Static Equipment Engineer||2,450 USD||+0%|
|Stationary Engineer||2,220 USD||-9%|
|Stress Engineer||2,230 USD||-9%|
|Structural Analysis Engineer||2,430 USD||-1%|
|Structural Designer||2,060 USD||-16%|
|Structural Engineer||2,260 USD||-8%|
|Structural Technician||1,530 USD||-37%|
|Supply Chain Specialist||2,260 USD||-8%|
|Technical Affairs Officer||1,240 USD||-49%|
|Technical Assistant||1,240 USD||-49%|
|Technical Engineer||1,970 USD||-19%|
|Technical Support Engineer||2,120 USD||-13%|
|Tender Engineer||2,060 USD||-16%|
|Test Development Engineer||2,280 USD||-7%|
|Transportation Engineer||2,380 USD||-3%|
|Validation Engineer||2,120 USD||-13%|
|Verification Engineer||2,380 USD||-3%|
|Wastewater Engineer||2,270 USD||-7%|
|Wind Energy Engineer||2,390 USD||-2%|
|Wind Energy Operations Manager||3,220 USD||+32%|
|Work Planner||1,680 USD||-31%|
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.