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Drilling Engineer Average Salary in Cape Verde 2021

How much money does a Drilling Engineer make in Cape Verde?


Average Monthly Salary
179,000 CVE
( 2,150,000 CVE yearly)

LOW
82,200
CVE
AVERAGE
179,000
CVE
HIGH
284,000
CVE

A person working as a Drilling Engineer in Cape Verde typically earns around 179,000 CVE per month. Salaries range from 82,200 CVE (lowest) to 284,000 CVE (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 Cape Verde

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

  • Salary Range

    Drilling Engineer salaries in Cape Verde range from 82,200 CVE per month (minimum salary) to 284,000 CVE per month (maximum salary).

  • Median Salary

    The median salary is 193,000 CVE per month, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 193,000 CVE while the other half are earning more than 193,000 CVE. 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 124,000 CVE while 75% of them are earning more than 124,000 CVE. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 258,000 CVE while 25% are earning more than 258,000 CVE.


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 Cape Verde 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 93,400 CVE per month.

While someone with an experience level between two and five years is expected to earn 125,000 CVE 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 184,000 CVE 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 225,000 CVE 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 245,000 CVE 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 265,000 CVE per month, 8% more than people with fifteen to twenty years of experience.


Drilling Engineer average salary change by experience in Cape Verde

0 - 2 Years
93,400 CVE
2 - 5 Years+34%
125,000 CVE
5 - 10 Years+48%
184,000 CVE
10 - 15 Years+22%
225,000 CVE
15 - 20 Years+9%
245,000 CVE
20+ Years+8%
265,000 CVE
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 Cape Verde 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 106,000 CVE per month.

While someone with a Bachelor's Degree gets a salary of 167,000 CVE per month, 57% more than someone having a Certificate or Diploma degree.

A Master's Degree gets its holder an average salary of 280,000 CVE per month, 68% more than someone with a Bachelor's Degree.


Drilling Engineer average salary difference by education level in Cape Verde

Certificate or Diploma
106,000 CVE
Bachelor's Degree+57%
167,000 CVE
Master's Degree+68%
280,000 CVE
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 Cape Verde costs anywhere from 1,020,000 Cape Verde Escudo(s) to 3,060,000 Cape Verde Escudo(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 Cape Verde 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 Cape Verde earn 16% more than their female counterparts on average.

Male
192,000 CVE
Female-14%
166,000 CVE
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Cape Verde for all Careers

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

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

Drilling Engineer

Drilling Engineer(s) in Cape Verde 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 Cape Verde 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.

Cape Verde / 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 Cape Verde is 2%.

Annual Increment Rate By Industry 2020

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

Listed above are the average annual increase rates for each industry in Cape Verde 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 Cape Verde

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Cape Verde 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 Cape Verde


1,030 CVE per hour

The average hourly wage (pay per hour) in Cape Verde is 1,030 CVE. This means that the average Drilling Engineer in Cape Verde earns approximately 1,030 CVE 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 Cape Verde
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The average salary for Drilling Engineer is 4% 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 Engineer165,000 CVE-8%
Assembly Engineering Technician142,000 CVE-21%
Assistant Chief Engineer194,000 CVE+9%
Associate Engineer169,000 CVE-5%
Autocad Operator116,000 CVE-35%
Automation Engineer199,000 CVE+11%
Avionic System Support Engineer176,000 CVE-2%
Biochemical Engineer162,000 CVE-9%
BMS Engineer173,000 CVE-3%
Bridge and Lock Tender100,000 CVE-44%
Broadcast Engineer181,000 CVE+1%
CAD Design Engineer195,000 CVE+9%
CAD Designer111,000 CVE-38%
CAE Engineer184,000 CVE+3%
Ceramics Engineer165,000 CVE-8%
Civil Engineer194,000 CVE+9%
Commissioning Engineer173,000 CVE-3%
Communications Engineer188,000 CVE+5%
Condition Monitoring Engineer150,000 CVE-16%
Contract Associate Engineer165,000 CVE-8%
Control Systems Engineer176,000 CVE-2%
Controls Engineer174,000 CVE-3%
Controls Software Engineer164,000 CVE-8%
Corrosion Engineer169,000 CVE-5%
Design Engineer181,000 CVE+1%
Drafter111,000 CVE-38%
Drafting Manager213,000 CVE+19%
Drilling Engineer179,000 CVE+0%
Electrical Draughtsman88,500 CVE-51%
Electrical Engineer190,000 CVE+6%
Electrical Engineering Manager259,000 CVE+45%
Electromechanical Engineering Technologist203,000 CVE+14%
Electromechanical Equipment Assembler93,200 CVE-48%
Energy Engineer199,000 CVE+11%
Engine Assembler80,300 CVE-55%
Engineer198,000 CVE+11%
Engineering Account Manager213,000 CVE+19%
Engineering Chief Designer215,000 CVE+20%
Engineering Consultant237,000 CVE+33%
Engineering Key Account Manager270,000 CVE+51%
Engineering Lab Technician177,000 CVE-1%
Engineering Planning Manager264,000 CVE+48%
Engineering Production Manager324,000 CVE+81%
Engineering Project Analyst222,000 CVE+24%
Engineering Project Coordinator 211,000 CVE+18%
Engineering Project Director355,000 CVE+99%
Engineering Project Manager256,000 CVE+43%
Engineering Research and Development Manager288,000 CVE+61%
Engineering Safety Coordinator144,000 CVE-19%
Engineering Sales Manager243,000 CVE+36%
Engineering Technician142,000 CVE-21%
Engineering Technologist144,000 CVE-19%
Environmental Engineer173,000 CVE-3%
Equipment Engineer167,000 CVE-7%
Equipment Engineering Manager251,000 CVE+40%
Estimator158,000 CVE-12%
Fabrication Specialist128,000 CVE-28%
Fabricator85,600 CVE-52%
Facade Engineer175,000 CVE-2%
Fiber Analyst100,000 CVE-44%
Field Engineer186,000 CVE+4%
Field Engineering Manager315,000 CVE+76%
Fire Engineer180,000 CVE+1%
Fitter and Turner59,800 CVE-67%
Forestry Strategic Planner218,000 CVE+22%
Generation Engineer183,000 CVE+2%
Genetic Engineer196,000 CVE+10%
Geological Engineer188,000 CVE+5%
Geotechnical Engineer186,000 CVE+4%
Heavy Equipment Mechanic95,900 CVE-46%
Highway Engineer182,000 CVE+2%
HSE Professional165,000 CVE-8%
HVAC Engineer202,000 CVE+13%
HVAC Supervisor160,000 CVE-11%
Industrial Engineer172,000 CVE-4%
Industrial Engineering Technologist178,000 CVE-0%
Instrument Engineer180,000 CVE+1%
Instrumentation and Control Engineer184,000 CVE+3%
Instrumentation Engineer188,000 CVE+5%
Instrumentation Manager180,000 CVE+1%
Irrigation Engineer180,000 CVE+1%
Licensed Aircraft Engineer197,000 CVE+10%
Locomotive Engineer167,000 CVE-7%
Maintenance Engineer163,000 CVE-9%
Maintenance Fitter65,200 CVE-64%
Maintenance Manager173,000 CVE-3%
Manufacturing Engineer175,000 CVE-2%
Marine Engineer189,000 CVE+6%
Materials Engineer174,000 CVE-3%
Materials Researcher172,000 CVE-4%
Materials Technician130,000 CVE-27%
Mechanical and Electrical Engineer195,000 CVE+9%
Mechanical Design Engineer196,000 CVE+10%
Mechanical Designer149,000 CVE-17%
Mechanical Engineer196,000 CVE+10%
Mechanical Engineering Manager243,000 CVE+36%
Mechanical Inspector168,000 CVE-6%
Mechatronics Engineer193,000 CVE+8%
Mining Engineer186,000 CVE+4%
Oil and Petrochemical Engineer204,000 CVE+14%
Optical Engineer177,000 CVE-1%
Optical Instrument Assembler96,000 CVE-46%
PCB Assembler69,000 CVE-61%
Photonics Engineer208,000 CVE+16%
Photonics Technician160,000 CVE-11%
Pipeline Engineer161,000 CVE-10%
Piping Designer99,100 CVE-45%
Piping Engineer174,000 CVE-3%
Planning Engineer190,000 CVE+6%
Pressure Vessel Inspector83,200 CVE-53%
Principal Cost Engineer178,000 CVE-0%
Principal Engineer184,000 CVE+3%
Principal Support Engineer192,000 CVE+7%
Process Engineer174,000 CVE-3%
Process Operator105,000 CVE-41%
Product Development Engineer191,000 CVE+7%
Product Development Technician127,000 CVE-29%
Product Engineer198,000 CVE+11%
Product Safety Engineer168,000 CVE-6%
Production Engineer187,000 CVE+5%
Project Engineer190,000 CVE+6%
Proposal Manager233,000 CVE+30%
Purchasing Engineer161,000 CVE-10%
Quality Assurance Engineer184,000 CVE+3%
Rail Engineer176,000 CVE-2%
Robotics Engineer200,000 CVE+12%
Robotics Technician151,000 CVE-16%
Safety Engineer182,000 CVE+2%
Safety Inspector138,000 CVE-23%
Safety Manager213,000 CVE+19%
Safety Officer95,200 CVE-47%
Sales Engineer203,000 CVE+14%
Scheduling Engineer165,000 CVE-8%
Service Engineer193,000 CVE+8%
Solar Engineer197,000 CVE+10%
Staff Engineer177,000 CVE-1%
Static Equipment Engineer179,000 CVE+0%
Stationary Engineer162,000 CVE-9%
Stress Engineer174,000 CVE-3%
Structural Analysis Engineer173,000 CVE-3%
Structural Designer161,000 CVE-10%
Structural Engineer180,000 CVE+1%
Structural Technician122,000 CVE-32%
Supply Chain Specialist185,000 CVE+3%
Surveyor133,000 CVE-26%
Technical Affairs Officer96,700 CVE-46%
Technical Assistant89,000 CVE-50%
Technical Engineer150,000 CVE-16%
Technical Support Engineer150,000 CVE-16%
Tender Engineer163,000 CVE-9%
Test Development Engineer177,000 CVE-1%
Transportation Engineer179,000 CVE+0%
Validation Engineer162,000 CVE-9%
Verification Engineer168,000 CVE-6%
Wastewater Engineer187,000 CVE+5%
Wind Energy Engineer188,000 CVE+5%
Wind Energy Operations Manager231,000 CVE+29%
Work Planner131,000 CVE-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 Cape Verde earn 14% more than their private sector counterparts on average across all sectors.

Private Sector
194,000 CVE
Public Sector+14%
221,000 CVE
Percentage increase and decrease are relative to the previous value

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