Average Completions Engineer Salary in South Korea for 2024

In this article, we will look at the average Completions Engineer salary for 2024 in South Korea and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the South Korean won. To keep things simple, we are using the KRW currency code instead of the currency symbol โ‚ฉ.

How Much Does a Completions Engineer Make in South Korea?

A Completions Engineer working in South Korea will typically earn around 40,439,700 KRW per year, and this can range from the lowest average salary of about 19,799,400 KRW to the highest average salary of 63,000,700 KRW.

Average Annual Salary
40,439,700 KRW
Average Monthly Salary
3,369,975 KRW

Lowest Annual Salary
19,799,400 KRW
Lowest Monthly Salary
1,649,950 KRW

Highest Annual Salary
63,000,700 KRW
Highest Monthly Salary
5,250,058 KRW

These are average salaries for a Completions Engineer in South Korea and include benefits such as housing and transport. It's also possible for a Completions Engineer to earn more or less than the average salaries shown above.

Completions Engineer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Completions Engineer Salaries in South Korea

So we've looked at the average salaries a Completions Engineer will earn in South Korea. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Completions Engineer can earn between 19,799,400 KRW and 63,000,700 KRW on average in South Korea. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Completions Engineer in South Korea is 41,158,900 KRW. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 41,158,900 KRW, and 50% of the population earn more than 41,158,900 KRW.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Completions Engineer salary in South Korea, 25% of the population are earning less than 27,479,000 KRW while 75% of the population earn more than 27,479,000 KRW.

75% of the population earn less than 53,158,700 KRW, and 25% of the population earn more than 53,158,700 KRW.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Completions Engineer Salary by Experience Level in South Korea

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average completions engineer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Completions Engineer in South Korea that has less than two years of experience can expect to earn somewhere in the region of 23,520,800 KRW.
  • 2 - 5 Years Experience. With two to five years of experience the average Completions Engineer salary would increase to 30,119,100 KRW.
  • 5 - 10 Years Experience. From five to ten years of experience as a Completions Engineer, the average salary would be 41,638,700 KRW.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 51,598,300 KRW.
  • 15 - 20 Years Experience. A Completions Engineer with 15 to 20 years of experience can earn an average of 55,201,700 KRW.
  • 20+ Years Experience. For a Completions Engineer with more than 20 years, the expected average salary increases to 58,919,600 KRW.

Average Salary by Experience Chart

0-2 Years
23,520,800 KRW
2-5 Years +29%
30,119,100 KRW
5-10 Years +38%
41,638,700 KRW
10-15 Years +24%
51,598,300 KRW
15-20 Years +7%
55,201,700 KRW
20+ Years +7%
58,919,600 KRW

Completions Engineer Salary by Education Level in South Korea

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Completions Engineer in South Korea based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Completions Engineer in South Korea with a high school education can earn an average salary of 29,278,200 KRW.

  • Certificate or Diploma. A Completions Engineer in South Korea with a certificate or diploma education can earn an average salary of 33,599,200 KRW.

  • Bachelor's Degree. A Completions Engineer in South Korea with a bachelor's degree education can earn an average salary of 45,361,500 KRW.

  • Master's Degree. A Completions Engineer in South Korea with a master's degree education can earn an average salary of 56,998,400 KRW.

Average Salary by Education Chart

High School
29,278,200 KRW
Certificate or Diploma +15%
33,599,200 KRW
Bachelor's Degree +35%
45,361,500 KRW
Master's Degree +26%
56,998,400 KRW

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in South Korea is around 19,400,000 to 58,300,000 KRW and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Completions Engineer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In South Korea, a male completions engineer will earn an average of 41,399,600 KRW, while a female completions engineer will earn around 39,119,300 KRW.

This means that a male completions engineer earns approximately 6% more than a female completions engineer for performing the same job.

Average Salary by Gender Chart in South Korea

Male
41,399,600 KRW
Female -6%
39,119,300 KRW

Completions Engineer Average Pay Raise in South Korea

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Completions Engineer in South Korea is around 13% every 15 months.

The national average pay raise across all professions and industries in South Korea is around 9% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 13 ÷ 15 ) × 12  = 10%

What this means is that a Completions Engineer in South Korea can expect to receive an average pay raise of around 10% every 12 months.

Annual Pay Raise by Industry in South Korea for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in South Korea.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

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

Completions Engineer Bonus and Incentive Rates in South Korea

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Completions Engineer is a moderate bonus based job, with 56% of employees reporting at least one bonus in the last 12 months.

44% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
56%
No Bonus
44%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in South Korea earn approximately 6% more than private sector employees in the same role.

Public Sector
47,880,300 KRW
Private Sector -6%
45,239,100 KRW

Salaries for Jobs Similar to a Completions Engineer

In the table below, we have salary information for jobs that are similar to a Completions Engineer in South Korea.

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 43,438,200 KRW
Associate Analyst Oil / Gas / Energy / Mining 48,961,500 KRW
Associate Landman Oil / Gas / Energy / Mining 20,518,900 KRW
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 17,758,500 KRW
Biomass Plant Technician Oil / Gas / Energy / Mining 21,241,100 KRW
Biomass Power Plant Manager Oil / Gas / Energy / Mining 61,678,300 KRW
Chemical Plant Operator Oil / Gas / Energy / Mining 35,521,100 KRW
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 46,921,300 KRW
Cost Controller Oil / Gas / Energy / Mining 30,841,400 KRW
Cost Engineer Oil / Gas / Energy / Mining 42,119,100 KRW
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 47,519,800 KRW
Dispatcher Oil / Gas / Energy / Mining 18,958,500 KRW
Distribution Manager Oil / Gas / Energy / Mining 62,041,800 KRW
Dragline Operator Oil / Gas / Energy / Mining 20,038,100 KRW
Driller Offsider Oil / Gas / Energy / Mining 15,238,200 KRW
Dump Truck Driver Oil / Gas / Energy / Mining 17,758,500 KRW
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 96,721,900 KRW
Energy Advisor Oil / Gas / Energy / Mining 66,598,300 KRW
Energy Analyst Oil / Gas / Energy / Mining 59,999,100 KRW
Energy Auditor Oil / Gas / Energy / Mining 53,639,100 KRW
Energy Dispatch Director Oil / Gas / Energy / Mining 74,039,800 KRW
Energy Technical Assistant Oil / Gas / Energy / Mining 26,040,800 KRW
Energy Technical Manager Oil / Gas / Energy / Mining 55,201,700 KRW
Energy Technical Support Manager Oil / Gas / Energy / Mining 55,081,300 KRW
Energy Technical Trainer Oil / Gas / Energy / Mining 39,481,900 KRW
Engineering Geologist Oil / Gas / Energy / Mining 77,159,200 KRW
Exploration Manager Oil / Gas / Energy / Mining 76,078,800 KRW
Field Safety Auditor Oil / Gas / Energy / Mining 47,999,400 KRW
Fluids Engineer Oil / Gas / Energy / Mining 43,198,900 KRW
Fuel Cell Engineer Oil / Gas / Energy / Mining 48,239,000 KRW
Fuel Cell Technician Oil / Gas / Energy / Mining 23,280,700 KRW
Fuels Handler Oil / Gas / Energy / Mining 20,518,900 KRW
Gas Compressor Operator Oil / Gas / Energy / Mining 20,038,100 KRW
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 37,561,000 KRW
Gas Supply Manager Oil / Gas / Energy / Mining 68,039,500 KRW
Geologist Oil / Gas / Energy / Mining 81,600,600 KRW
Geophysicist Oil / Gas / Energy / Mining 83,401,700 KRW
Geothermal Production Manager Oil / Gas / Energy / Mining 76,320,200 KRW
Geothermal Technician Oil / Gas / Energy / Mining 31,678,800 KRW
HSE Engineer Oil / Gas / Energy / Mining 45,478,500 KRW
HSE Officer Oil / Gas / Energy / Mining 28,078,900 KRW
HSE Supervisor Oil / Gas / Energy / Mining 31,800,300 KRW
HSEQ Administrator Oil / Gas / Energy / Mining 30,841,400 KRW
Inspector Oil / Gas / Energy / Mining 42,239,100 KRW
Instructor Oil / Gas / Energy / Mining 37,201,700 KRW
Instrument Designer Oil / Gas / Energy / Mining 33,599,200 KRW
Lead Technical Field Advisor Oil / Gas / Energy / Mining 58,680,100 KRW
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 39,119,300 KRW
Maintenance Engineer Oil / Gas / Energy / Mining 46,080,100 KRW
Maintenance Superintendent Oil / Gas / Energy / Mining 39,358,400 KRW
Material Controller Oil / Gas / Energy / Mining 30,240,200 KRW
Mine Engineer Oil / Gas / Energy / Mining 44,519,300 KRW
Mine Surveyor Oil / Gas / Energy / Mining 46,560,900 KRW
Mining Project Administrator Oil / Gas / Energy / Mining 38,521,100 KRW
Mining Project Assistant Oil / Gas / Energy / Mining 32,038,500 KRW
Mining Project Controls Consultant Oil / Gas / Energy / Mining 51,361,500 KRW
Mining Project Coordinator Oil / Gas / Energy / Mining 40,079,600 KRW
Mining Project Engineer Oil / Gas / Energy / Mining 42,119,100 KRW
Mining Project Manager Oil / Gas / Energy / Mining 58,079,300 KRW
Mining Site Manager Oil / Gas / Energy / Mining 58,079,300 KRW
Mining Team Leader Oil / Gas / Energy / Mining 45,961,300 KRW
NDT Technician Oil / Gas / Energy / Mining 25,919,400 KRW
Oil Service Unit Operator Oil / Gas / Energy / Mining 22,441,700 KRW
Oil Trader Oil / Gas / Energy / Mining 54,961,400 KRW
Oilwell Pumper Oil / Gas / Energy / Mining 15,838,200 KRW
Petroleum Engineer Oil / Gas / Energy / Mining 51,238,900 KRW
Petroleum Geologist Oil / Gas / Energy / Mining 77,041,100 KRW
Petroleum Pump System Operator Oil / Gas / Energy / Mining 25,079,200 KRW
Petroleum Technician Oil / Gas / Energy / Mining 27,001,700 KRW
Pipeline Technician Oil / Gas / Energy / Mining 16,679,800 KRW
Power Coordinator Oil / Gas / Energy / Mining 27,601,100 KRW
Power Plant Operations Manager Oil / Gas / Energy / Mining 86,398,400 KRW
Power Plant Operator Oil / Gas / Energy / Mining 37,318,700 KRW
Radio Operator Oil / Gas / Energy / Mining 19,799,400 KRW
Reliability Engineer Oil / Gas / Energy / Mining 43,921,700 KRW
Reservoir Engineer Oil / Gas / Energy / Mining 40,921,600 KRW
Risk Analyst Oil / Gas / Energy / Mining 55,318,200 KRW
Roughneck Oil / Gas / Energy / Mining 44,161,600 KRW
Scaffolder Oil / Gas / Energy / Mining 27,841,200 KRW
Shutdown Engineer Oil / Gas / Energy / Mining 37,681,400 KRW
Solar Energy Installation Manager Oil / Gas / Energy / Mining 66,598,300 KRW
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 47,519,800 KRW
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 27,479,000 KRW
Solar Thermal Technician Oil / Gas / Energy / Mining 26,520,600 KRW
Supply Operations Manager Oil / Gas / Energy / Mining 71,400,600 KRW
Sustainability Specialist Oil / Gas / Energy / Mining 68,158,300 KRW
System Development Advisor Oil / Gas / Energy / Mining 49,801,000 KRW
Tanker Truck Driver Oil / Gas / Energy / Mining 17,159,700 KRW
Utility Operator Oil / Gas / Energy / Mining 22,799,000 KRW
Wind Energy Project Manager Oil / Gas / Energy / Mining 61,080,900 KRW

Salary Comparison by City

If you want to compare salaries with different cities in South Korea, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Bucheon 37,561,000 KRW
Busan 46,319,900 KRW
Daegu 45,361,500 KRW
Daejeon 44,760,700 KRW
Goyang 38,878,700 KRW
Gwangju 40,079,600 KRW
Incheon 45,839,700 KRW
Seongnam 37,441,100 KRW
Seoul 46,800,400 KRW
Suweon 39,600,100 KRW
Ulsan 39,481,900 KRW

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