As of April 01, 2025, the average annual salary for a Derrickhand in Waterloo, IA is $69,700. Salary.com reports that pay typically ranges from $62,200 to $78,600, with most professionals earning between $55,372 and $86,703.
| Annual Salary |
Monthly Pay |
Weekly Pay |
Hourly Wage |
|
| 75th Percentile | $78,600 | $6,550 | $1,512 | $38 |
| Average | $69,700 | $5,808 | $1,340 | $34 |
| 25th Percentile | $62,200 | $5,183 | $1,196 | $30 |
An entry-level Derrickhand with under 1 year experience makes about $68,289. With less than 2 years of experience, a mid-level Derrickhand makes around $69,628. After 2-4 years, the Derrickhand pay rises to about $72,574. Those senior Derrickhand with 5-8 years of experience earn roughly $72,976, and those Derrickhand having 8 years or more experience are expected to earn about $73,645 on average.
| Levels | Salary |
|---|---|
| Entry Level Derrickhand | $68,289 |
| Intermediate Level Derrickhand | $69,628 |
| Senior Level Derrickhand | $72,574 |
| Specialist Level Derrickhand | $72,976 |
| Expert Level Derrickhand | $73,645 |
| Entry Level | 2% |
| Mid Level | 0% |
| Senior Level | 4% |
| Top Level | 5% |
| Experienced | 6% |
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Each competency has five to ten behavioral assertions that can be observed, each with a corresponding performance level (from one to five) that is required for a particular job.
Planning: An act or process of making or carrying out plans. Establishment of goals, policies, and procedures for a social or economic unit city planning business planning.
Preventative Maintenance: Developing and implementing maintenance strategies to increase equipment life expectancy and avoid unplanned downtime.
Heavy Equipment Operation: Establishing safety procedures to control, handle, and maintain heavy-duty equipment to reduce manual labor and risks of construction operations.
| Skill | Salary | Demand |
|---|---|---|
|
Program Management
|
$76,670 |
10%
|
|
Project Management
|
$73,185 |
5%
|
|
Consulting
|
$71,791 |
3%
|
|
Alignment
|
$71,791 |
3%
|
|
CPT
|
$71,791 |
3%
|
|
Safety Training
|
$71,791 |
3%
|
