A person working as a Drilling Engineer in Gibraltar typically earns around 32,400 GIP per year. Salaries range from 16,900 GIP (lowest) to 49,600 GIP (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 Gibraltar range from 16,900 GIP per year (minimum salary) to 49,600 GIP per year (maximum salary).
The median salary is 31,100 GIP per year, which means that half (50%) of people working as Drilling Engineer(s) are earning less than 31,100 GIP while the other half are earning more than 31,100 GIP. 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 21,600 GIP while 75% of them are earning more than 21,600 GIP. Also from the diagram, 75% of Drilling Engineer(s) are earning less than 38,700 GIP while 25% are earning more than 38,700 GIP.
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 19,100 GIP per year.
While someone with an experience level between two and five years is expected to earn 25,700 GIP per year, 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 33,400 GIP per year, 30% 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 40,400 GIP per year, 21% 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 44,200 GIP per year, 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 46,500 GIP per year, 5% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+34%|
|5 - 10 Years||+30%|
|10 - 15 Years||+21%|
|15 - 20 Years||+9%|
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 22,700 GIP per year.
While someone with a Bachelor's Degree gets a salary of 34,500 GIP per year, 52% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 48,900 GIP per year, 42% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Gibraltar costs anywhere from 16,900 Gibraltar Pound(s) to 50,700 Gibraltar Pound(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 Gibraltar earn 11% more than their female counterparts on average.
Drilling Engineer(s) in Gibraltar are likely to observe a salary increase of approximately 6% 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 Gibraltar 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.
90% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 10% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% 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 5% less than that of Engineering. Also, Engineering salaries are 16% less than those of All Jobs.
|Job Title||Average Salary|
|Acoustics Engineer||34,600 GIP||+7%|
|Assembly Engineering Technician||27,900 GIP||-14%|
|Assistant Chief Engineer||39,800 GIP||+23%|
|Associate Engineer||30,500 GIP||-6%|
|Autocad Operator||22,700 GIP||-30%|
|Automation Engineer||37,200 GIP||+15%|
|Avionic System Support Engineer||33,700 GIP||+4%|
|Biochemical Engineer||32,900 GIP||+2%|
|BMS Engineer||33,300 GIP||+3%|
|Bridge and Lock Tender||19,300 GIP||-40%|
|Broadcast Engineer||32,300 GIP||-0%|
|CAD Design Engineer||35,000 GIP||+8%|
|CAD Designer||20,800 GIP||-36%|
|CAE Engineer||33,700 GIP||+4%|
|Ceramics Engineer||32,000 GIP||-1%|
|Civil Engineer||35,600 GIP||+10%|
|Commissioning Engineer||32,600 GIP||+1%|
|Communications Engineer||38,700 GIP||+19%|
|Condition Monitoring Engineer||30,800 GIP||-5%|
|Contract Associate Engineer||33,500 GIP||+3%|
|Control Systems Engineer||35,100 GIP||+8%|
|Controls Engineer||33,000 GIP||+2%|
|Controls Software Engineer||31,000 GIP||-4%|
|Corrosion Engineer||33,100 GIP||+2%|
|Design Engineer||34,700 GIP||+7%|
|Drafting Manager||41,500 GIP||+28%|
|Drilling Engineer||32,400 GIP||-0%|
|Electrical Draughtsman||17,900 GIP||-45%|
|Electrical Engineer||39,800 GIP||+23%|
|Electrical Engineering Manager||51,200 GIP||+58%|
|Electromechanical Engineering Technologist||36,400 GIP||+12%|
|Electromechanical Equipment Assembler||17,500 GIP||-46%|
|Energy Engineer||35,200 GIP||+9%|
|Engine Assembler||16,100 GIP||-50%|
|Engineering Account Manager||40,100 GIP||+24%|
|Engineering Chief Designer||37,700 GIP||+16%|
|Engineering Consultant||47,200 GIP||+46%|
|Engineering Key Account Manager||49,700 GIP||+53%|
|Engineering Lab Technician||33,300 GIP||+3%|
|Engineering Planning Manager||47,000 GIP||+45%|
|Engineering Production Manager||60,800 GIP||+88%|
|Engineering Project Analyst||38,900 GIP||+20%|
|Engineering Project Coordinator||39,900 GIP||+23%|
|Engineering Project Director||70,700 GIP||+120%|
|Engineering Project Manager||48,200 GIP||+49%|
|Engineering Research and Development Manager||57,900 GIP||+79%|
|Engineering Safety Coordinator||27,800 GIP||-14%|
|Engineering Sales Manager||46,200 GIP||+43%|
|Engineering Technician||26,700 GIP||-18%|
|Engineering Technologist||28,100 GIP||-13%|
|Environmental Engineer||33,800 GIP||+4%|
|Equipment Engineer||30,900 GIP||-5%|
|Equipment Engineering Manager||43,900 GIP||+35%|
|Fabrication Specialist||25,100 GIP||-23%|
|Facade Engineer||34,700 GIP||+7%|
|Fiber Analyst||20,200 GIP||-38%|
|Field Engineer||37,600 GIP||+16%|
|Field Engineering Manager||60,100 GIP||+85%|
|Fire Engineer||36,400 GIP||+12%|
|Fitter and Turner||11,400 GIP||-65%|
|Forestry Strategic Planner||41,200 GIP||+27%|
|Generation Engineer||35,700 GIP||+10%|
|Genetic Engineer||36,600 GIP||+13%|
|Geological Engineer||35,200 GIP||+9%|
|Geotechnical Engineer||37,200 GIP||+15%|
|Heavy Equipment Mechanic||18,900 GIP||-42%|
|Highway Engineer||34,300 GIP||+6%|
|HSE Professional||31,200 GIP||-4%|
|HVAC Engineer||36,000 GIP||+11%|
|HVAC Supervisor||31,500 GIP||-3%|
|Industrial Engineer||32,000 GIP||-1%|
|Industrial Engineering Technologist||31,800 GIP||-2%|
|Instrument Engineer||34,200 GIP||+6%|
|Instrumentation and Control Engineer||35,100 GIP||+8%|
|Instrumentation Engineer||33,100 GIP||+2%|
|Instrumentation Manager||33,900 GIP||+5%|
|Irrigation Engineer||35,100 GIP||+8%|
|Licensed Aircraft Engineer||36,200 GIP||+12%|
|Locomotive Engineer||34,500 GIP||+6%|
|Maintenance Engineer||33,300 GIP||+3%|
|Maintenance Fitter||11,900 GIP||-63%|
|Maintenance Manager||35,800 GIP||+10%|
|Manufacturing Engineer||33,600 GIP||+4%|
|Marine Engineer||34,500 GIP||+6%|
|Materials Engineer||33,100 GIP||+2%|
|Materials Researcher||33,600 GIP||+4%|
|Materials Technician||26,300 GIP||-19%|
|Mechanical and Electrical Engineer||37,200 GIP||+15%|
|Mechanical Design Engineer||35,200 GIP||+9%|
|Mechanical Designer||31,000 GIP||-4%|
|Mechanical Engineer||35,300 GIP||+9%|
|Mechanical Engineering Manager||50,500 GIP||+56%|
|Mechanical Inspector||34,300 GIP||+6%|
|Mechatronics Engineer||37,300 GIP||+15%|
|Mining Engineer||35,400 GIP||+9%|
|Oil and Petrochemical Engineer||38,000 GIP||+17%|
|Optical Engineer||33,400 GIP||+3%|
|Optical Instrument Assembler||17,100 GIP||-47%|
|PCB Assembler||12,100 GIP||-63%|
|Photonics Engineer||36,900 GIP||+14%|
|Photonics Technician||29,600 GIP||-9%|
|Pipeline Engineer||31,400 GIP||-3%|
|Piping Designer||18,300 GIP||-44%|
|Piping Engineer||30,300 GIP||-7%|
|Planning Engineer||35,200 GIP||+9%|
|Pressure Vessel Inspector||16,400 GIP||-49%|
|Principal Cost Engineer||35,500 GIP||+10%|
|Principal Engineer||35,100 GIP||+8%|
|Principal Support Engineer||34,500 GIP||+6%|
|Process Engineer||33,900 GIP||+5%|
|Process Operator||19,600 GIP||-40%|
|Product Development Engineer||35,000 GIP||+8%|
|Product Development Technician||25,400 GIP||-22%|
|Product Engineer||34,400 GIP||+6%|
|Product Safety Engineer||31,500 GIP||-3%|
|Production Engineer||34,600 GIP||+7%|
|Project Engineer||38,000 GIP||+17%|
|Proposal Manager||45,700 GIP||+41%|
|Purchasing Engineer||32,500 GIP||+0%|
|Quality Assurance Engineer||35,000 GIP||+8%|
|Rail Engineer||35,000 GIP||+8%|
|Robotics Engineer||38,400 GIP||+18%|
|Robotics Technician||27,300 GIP||-16%|
|Safety Engineer||34,100 GIP||+5%|
|Safety Inspector||26,100 GIP||-19%|
|Safety Manager||42,300 GIP||+31%|
|Safety Officer||18,100 GIP||-44%|
|Sales Engineer||35,300 GIP||+9%|
|Scheduling Engineer||32,100 GIP||-1%|
|Service Engineer||34,800 GIP||+7%|
|Solar Engineer||37,400 GIP||+15%|
|Staff Engineer||35,700 GIP||+10%|
|Static Equipment Engineer||32,400 GIP||-0%|
|Stationary Engineer||32,500 GIP||+0%|
|Stress Engineer||32,400 GIP||-0%|
|Structural Analysis Engineer||33,600 GIP||+4%|
|Structural Designer||29,900 GIP||-8%|
|Structural Engineer||33,000 GIP||+2%|
|Structural Technician||21,200 GIP||-35%|
|Supply Chain Specialist||33,200 GIP||+2%|
|Technical Affairs Officer||16,700 GIP||-48%|
|Technical Assistant||17,600 GIP||-46%|
|Technical Engineer||30,700 GIP||-5%|
|Technical Support Engineer||30,800 GIP||-5%|
|Tender Engineer||30,800 GIP||-5%|
|Test Development Engineer||34,700 GIP||+7%|
|Transportation Engineer||31,800 GIP||-2%|
|Validation Engineer||31,400 GIP||-3%|
|Verification Engineer||32,000 GIP||-1%|
|Wastewater Engineer||32,500 GIP||+0%|
|Wind Energy Engineer||36,500 GIP||+13%|
|Wind Energy Operations Manager||47,000 GIP||+45%|
|Work Planner||24,400 GIP||-25%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Gibraltar earn 18% more than their private sector counterparts on average across all sectors.