A person working as a Drilling Engineer in Cayman Islands typically earns around 32,600 KYD per year. Salaries range from 16,000 KYD (lowest) to 50,900 KYD (highest).
This is the average yearly 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 Cayman Islands range from 16,000 KYD per year (minimum salary) to 50,900 KYD per year (maximum salary).
The median salary is 33,300 KYD per year, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 33,300 KYD while the other half are earning more than 33,300 KYD. 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 22,200 KYD while 75% of them are earning more than 22,200 KYD. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 42,900 KYD while 25% are earning more than 42,900 KYD.
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 18,900 KYD per year.
While someone with an experience level between two and five years is expected to earn 24,400 KYD per year, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 33,600 KYD per year, 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 41,600 KYD per year, 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 44,600 KYD per year, 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 47,600 KYD per year, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|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 24,400 KYD per year.
While someone with a Bachelor's Degree gets a salary of 32,700 KYD per year, 34% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 50,200 KYD per year, 53% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Cayman Islands costs anywhere from 16,200 Cayman Islands Dollar(s) to 48,600 Cayman Islands 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 Cayman Islands earn 11% more than their female counterparts on average.
Drilling Engineer(s) in Cayman Islands 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 Cayman Islands 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 1% less than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||33,400 KYD||+2%|
|Assembly Engineering Technician||25,800 KYD||-21%|
|Assistant Chief Engineer||39,000 KYD||+20%|
|Associate Engineer||30,700 KYD||-6%|
|Autocad Operator||21,000 KYD||-36%|
|Automation Engineer||36,500 KYD||+12%|
|Avionic System Support Engineer||32,400 KYD||-1%|
|Biochemical Engineer||31,800 KYD||-2%|
|BMS Engineer||32,500 KYD||-0%|
|Bridge and Lock Tender||18,100 KYD||-44%|
|Broadcast Engineer||34,300 KYD||+5%|
|CAD Design Engineer||33,900 KYD||+4%|
|CAD Designer||21,400 KYD||-34%|
|CAE Engineer||32,200 KYD||-1%|
|Ceramics Engineer||30,000 KYD||-8%|
|Civil Engineer||35,300 KYD||+8%|
|Commissioning Engineer||32,600 KYD||-0%|
|Communications Engineer||35,500 KYD||+9%|
|Condition Monitoring Engineer||30,100 KYD||-8%|
|Contract Associate Engineer||32,400 KYD||-1%|
|Control Systems Engineer||34,900 KYD||+7%|
|Controls Engineer||34,300 KYD||+5%|
|Controls Software Engineer||29,500 KYD||-10%|
|Corrosion Engineer||30,600 KYD||-6%|
|Design Engineer||36,400 KYD||+12%|
|Drafting Manager||39,400 KYD||+21%|
|Drilling Engineer||32,600 KYD||-0%|
|Electrical Draughtsman||16,700 KYD||-49%|
|Electrical Engineer||38,400 KYD||+18%|
|Electrical Engineering Manager||47,200 KYD||+45%|
|Electromechanical Engineering Technologist||35,300 KYD||+8%|
|Electromechanical Equipment Assembler||17,900 KYD||-45%|
|Energy Engineer||37,300 KYD||+14%|
|Engine Assembler||15,600 KYD||-52%|
|Engineering Account Manager||40,700 KYD||+25%|
|Engineering Chief Designer||39,600 KYD||+21%|
|Engineering Consultant||46,300 KYD||+42%|
|Engineering Key Account Manager||51,200 KYD||+57%|
|Engineering Lab Technician||33,700 KYD||+3%|
|Engineering Planning Manager||46,800 KYD||+44%|
|Engineering Production Manager||63,200 KYD||+94%|
|Engineering Project Analyst||38,300 KYD||+17%|
|Engineering Project Coordinator||40,500 KYD||+24%|
|Engineering Project Director||69,500 KYD||+110%|
|Engineering Project Manager||47,100 KYD||+44%|
|Engineering Research and Development Manager||56,100 KYD||+72%|
|Engineering Safety Coordinator||26,100 KYD||-20%|
|Engineering Sales Manager||45,000 KYD||+38%|
|Engineering Technician||26,100 KYD||-20%|
|Engineering Technologist||27,700 KYD||-15%|
|Environmental Engineer||34,900 KYD||+7%|
|Equipment Engineer||30,600 KYD||-6%|
|Equipment Engineering Manager||46,100 KYD||+41%|
|Fabrication Specialist||25,300 KYD||-22%|
|Facade Engineer||33,300 KYD||+2%|
|Fiber Analyst||20,100 KYD||-38%|
|Field Engineer||34,200 KYD||+5%|
|Field Engineering Manager||57,900 KYD||+78%|
|Fire Engineer||33,100 KYD||+1%|
|Fitter and Turner||11,000 KYD||-66%|
|Forestry Strategic Planner||40,700 KYD||+25%|
|Generation Engineer||34,700 KYD||+6%|
|Genetic Engineer||37,600 KYD||+15%|
|Geological Engineer||35,300 KYD||+8%|
|Geotechnical Engineer||37,900 KYD||+16%|
|Heavy Equipment Mechanic||18,600 KYD||-43%|
|Highway Engineer||33,500 KYD||+3%|
|HSE Professional||31,200 KYD||-4%|
|HVAC Engineer||37,200 KYD||+14%|
|HVAC Supervisor||30,600 KYD||-6%|
|Industrial Engineer||31,700 KYD||-3%|
|Industrial Engineering Technologist||31,700 KYD||-3%|
|Instrument Engineer||32,500 KYD||-0%|
|Instrumentation and Control Engineer||32,500 KYD||-0%|
|Instrumentation Engineer||33,900 KYD||+4%|
|Instrumentation Manager||35,200 KYD||+8%|
|Irrigation Engineer||33,300 KYD||+2%|
|Licensed Aircraft Engineer||38,200 KYD||+17%|
|Locomotive Engineer||31,700 KYD||-3%|
|Maintenance Engineer||33,400 KYD||+2%|
|Maintenance Fitter||11,700 KYD||-64%|
|Maintenance Manager||34,200 KYD||+5%|
|Manufacturing Engineer||32,300 KYD||-1%|
|Marine Engineer||35,100 KYD||+8%|
|Materials Engineer||32,200 KYD||-1%|
|Materials Researcher||33,100 KYD||+1%|
|Materials Technician||23,900 KYD||-27%|
|Mechanical and Electrical Engineer||36,800 KYD||+13%|
|Mechanical Design Engineer||35,000 KYD||+7%|
|Mechanical Designer||29,500 KYD||-10%|
|Mechanical Engineer||36,500 KYD||+12%|
|Mechanical Engineering Manager||50,000 KYD||+53%|
|Mechanical Inspector||32,300 KYD||-1%|
|Mechatronics Engineer||37,200 KYD||+14%|
|Mining Engineer||32,800 KYD||+1%|
|Oil and Petrochemical Engineer||38,100 KYD||+17%|
|Optical Engineer||32,600 KYD||-0%|
|Optical Instrument Assembler||17,700 KYD||-46%|
|PCB Assembler||11,900 KYD||-64%|
|Photonics Engineer||39,100 KYD||+20%|
|Photonics Technician||30,100 KYD||-8%|
|Pipeline Engineer||31,300 KYD||-4%|
|Piping Designer||19,300 KYD||-41%|
|Piping Engineer||30,600 KYD||-6%|
|Planning Engineer||34,000 KYD||+4%|
|Pressure Vessel Inspector||15,900 KYD||-51%|
|Principal Cost Engineer||36,100 KYD||+11%|
|Principal Engineer||33,300 KYD||+2%|
|Principal Support Engineer||34,700 KYD||+6%|
|Process Engineer||32,500 KYD||-0%|
|Process Operator||19,400 KYD||-41%|
|Product Development Engineer||35,600 KYD||+9%|
|Product Development Technician||25,900 KYD||-21%|
|Product Engineer||37,000 KYD||+13%|
|Product Safety Engineer||32,400 KYD||-1%|
|Production Engineer||33,500 KYD||+3%|
|Project Engineer||35,400 KYD||+9%|
|Proposal Manager||46,100 KYD||+41%|
|Purchasing Engineer||30,300 KYD||-7%|
|Quality Assurance Engineer||34,500 KYD||+6%|
|Rail Engineer||33,100 KYD||+1%|
|Robotics Engineer||40,400 KYD||+24%|
|Robotics Technician||27,500 KYD||-16%|
|Safety Engineer||34,200 KYD||+5%|
|Safety Inspector||26,100 KYD||-20%|
|Safety Manager||40,500 KYD||+24%|
|Safety Officer||17,200 KYD||-47%|
|Sales Engineer||35,700 KYD||+9%|
|Scheduling Engineer||31,300 KYD||-4%|
|Service Engineer||37,300 KYD||+14%|
|Solar Engineer||35,500 KYD||+9%|
|Staff Engineer||32,500 KYD||-0%|
|Static Equipment Engineer||32,600 KYD||-0%|
|Stationary Engineer||30,300 KYD||-7%|
|Stress Engineer||32,500 KYD||-0%|
|Structural Analysis Engineer||32,200 KYD||-1%|
|Structural Designer||30,700 KYD||-6%|
|Structural Engineer||33,600 KYD||+3%|
|Structural Technician||22,900 KYD||-30%|
|Supply Chain Specialist||32,200 KYD||-1%|
|Technical Affairs Officer||17,400 KYD||-47%|
|Technical Assistant||17,700 KYD||-46%|
|Technical Engineer||28,900 KYD||-11%|
|Technical Support Engineer||30,100 KYD||-8%|
|Tender Engineer||30,100 KYD||-8%|
|Test Development Engineer||32,900 KYD||+1%|
|Transportation Engineer||33,700 KYD||+3%|
|Validation Engineer||31,300 KYD||-4%|
|Verification Engineer||32,400 KYD||-1%|
|Wastewater Engineer||32,900 KYD||+1%|
|Wind Energy Engineer||33,300 KYD||+2%|
|Wind Energy Operations Manager||45,400 KYD||+39%|
|Work Planner||24,500 KYD||-25%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Cayman Islands earn 21% more than their private sector counterparts on average across all sectors.