As we all know the merchant navy is one of the most sought after careers in the world mainly because of the lucrative salary it provides.
It is a difficult career option to pursue, both physically and mentally, and that is probably the main reason people are paid well in this field.
Now we all know that you are interested in knowing how much does one earns in merchant navy?
Watch the video below to find out:
To answer this question, we will ask you to first watch our video on all the ranks in merchant navy along with their duties. This will help you understand the salary structure better.
It is to note that the exact answer on how much a maritime professional will earn depends on several factors such as nationality, shipping company, type of vessel, rank, qualification, experience, loyalty, etc.
Also, generally, a freshly promoted 2nd engineer will earn less than a 2nd engineer who has sailed for more than 2-3 ships. Many companies provide additional benefits to loyal seafarers. Hence, a 3rd engineer who has been with a particular company for a long time may earn more than a freshly recruited 3rd engineer having more experience.
As mentioned earlier, though the Merchant navy is famous for offering attractive salaries to professional, a lot differs from country to country and company to company.
To give a general overview of how much an average seafarer earns, we will consider average salaries of seafarers across various departments and ranks.
Do note that the seafarers are usually hired on a contractual basis, i.e. they are not hired as a permanent employee and the company will pay the seafarer on a monthly basis till the contract is over.