Average Assistant Business Development Manager Salary in Belize for 2024

In this article, we will look at the average Assistant Business Development Manager salary for 2024 in Belize 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 Belize dollar. To keep things simple, we are using the BZD currency code instead of the currency symbol $.

How Much Does an Assistant Business Development Manager Make in Belize?

An Assistant Business Development Manager working in Belize will typically earn around 64,560 BZD per year, and this can range from the lowest average salary of about 34,960 BZD to the highest average salary of 96,500 BZD.

Average Annual Salary
64,560 BZD
Average Monthly Salary
5,380 BZD

Lowest Annual Salary
34,960 BZD
Lowest Monthly Salary
2,913 BZD

Highest Annual Salary
96,500 BZD
Highest Monthly Salary
8,041 BZD

These are average salaries for an Assistant Business Development Manager in Belize and include benefits such as housing and transport. It's also possible for an Assistant Business Development Manager to earn more or less than the average salaries shown above.

Assistant Business Development Manager 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 Assistant Business Development Manager Salaries in Belize

So we've looked at the average salaries an Assistant Business Development Manager will earn in Belize. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Assistant Business Development Manager can earn between 34,960 BZD and 96,500 BZD on average in Belize. 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 an Assistant Business Development Manager in Belize is 60,400 BZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 60,400 BZD, and 50% of the population earn more than 60,400 BZD.

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 Assistant Business Development Manager salary in Belize, 25% of the population are earning less than 40,600 BZD while 75% of the population earn more than 40,600 BZD.

75% of the population earn less than 72,120 BZD, and 25% of the population earn more than 72,120 BZD.

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.

Assistant Business Development Manager Salary by Experience Level in Belize

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 assistant business development manager 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. An Assistant Business Development Manager in Belize that has less than two years of experience can expect to earn somewhere in the region of 41,980 BZD.
  • 2 - 5 Years Experience. With two to five years of experience the average Assistant Business Development Manager salary would increase to 50,340 BZD.
  • 5 - 10 Years Experience. From five to ten years of experience as an Assistant Business Development Manager, the average salary would be 66,140 BZD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 77,100 BZD.
  • 15 - 20 Years Experience. An Assistant Business Development Manager with 15 to 20 years of experience can earn an average of 85,700 BZD.
  • 20+ Years Experience. For an Assistant Business Development Manager with more than 20 years, the expected average salary increases to 91,520 BZD.

Average Salary by Experience Chart

0-2 Years
41,980 BZD
2-5 Years +26%
50,340 BZD
5-10 Years +32%
66,140 BZD
10-15 Years +18%
77,100 BZD
15-20 Years +11%
85,700 BZD
20+ Years +6%
91,520 BZD

Assistant Business Development Manager Salary by Education Level in Belize

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 an Assistant Business Development Manager in Belize based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. An Assistant Business Development Manager in Belize with a high school education can earn an average salary of 48,640 BZD.

  • Certificate or Diploma. An Assistant Business Development Manager in Belize with a certificate or diploma education can earn an average salary of 56,060 BZD.

  • Bachelor's Degree. An Assistant Business Development Manager in Belize with a bachelor's degree education can earn an average salary of 73,260 BZD.

  • Master's Degree. An Assistant Business Development Manager in Belize with a master's degree education can earn an average salary of 91,560 BZD.

Average Salary by Education Chart

High School
48,640 BZD
Certificate or Diploma +13%
56,060 BZD
Bachelor's Degree +32%
73,260 BZD
Master's Degree +24%
91,560 BZD

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 Belize is around 19,600 to 58,800 BZD 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.

Assistant Business Development Manager 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 Belize, a male assistant business development manager will earn an average of 66,480 BZD, while a female assistant business development manager will earn around 60,920 BZD.

This means that a male assistant business development manager earns approximately 9% more than a female assistant business development manager for performing the same job.

Average Salary by Gender Chart in Belize

Male
66,480 BZD
Female -9%
60,920 BZD

Assistant Business Development Manager Average Pay Raise in Belize

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 an Assistant Business Development Manager in Belize is around 10% every 27 months.

The national average pay raise across all professions and industries in Belize is around 5% every 28 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 = ( 10 ÷ 27 ) × 12  = 4%

What this means is that an Assistant Business Development Manager in Belize can expect to receive an average pay raise of around 4% every 12 months.

Annual Pay Raise by Industry in Belize for 2024

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

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

Banking
4%
Energy
8%
Information Technology
3%
Healthcare
7%
Travel
2%
Construction
6%
Education
1%

Assistant Business Development Manager Bonus and Incentive Rates in Belize

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.

An Assistant Business Development Manager is a moderate bonus based job, with 59% of employees reporting at least one bonus in the last 12 months.

41% 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 6% to 7%.

Received Bonus
59%
No Bonus
41%

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 Belize earn approximately 23% more than private sector employees in the same role.

Public Sector
53,120 BZD
Private Sector -23%
43,340 BZD

Salaries for Jobs Similar to an Assistant Business Development Manager

In the table below, we have salary information for jobs that are similar to an Assistant Business Development Manager in Belize.

Job Title Category Salary
Assistant Merchandise Planner Business Planning 39,080 BZD
Business Advisor Business Planning 60,880 BZD
Business Analyst Business Planning 63,380 BZD
Business Consultant Business Planning 57,360 BZD
Business Continuity Associate Business Planning 35,420 BZD
Business Developer Business Planning 38,180 BZD
Business Development Analyst Business Planning 40,600 BZD
Business Development Associate Business Planning 30,220 BZD
Business Development Coordinator Business Planning 34,160 BZD
Business Development Director Business Planning 82,720 BZD
Business Development Engineer Business Planning 45,720 BZD
Business Development Executive Business Planning 61,680 BZD
Business Development Manager Business Planning 79,360 BZD
Business Development Specialist Business Planning 52,880 BZD
Business Manager Business Planning 69,400 BZD
Business Operations Specialist Business Planning 57,860 BZD
Business Process Writer Business Planning 35,560 BZD
Business Systems Analyst Business Planning 57,320 BZD
Capacity Planner Business Planning 40,640 BZD
Capacity Planning Supervisor Business Planning 57,080 BZD
Change Communications Analyst Business Planning 51,800 BZD
Change Control Analyst Business Planning 56,100 BZD
Change Impact Analyst Business Planning 55,820 BZD
Contracts Executive Business Planning 54,560 BZD
Corporate Strategy Analyst Business Planning 58,240 BZD
Cost Control Engineer Business Planning 37,740 BZD
Cost Controller Business Planning 41,820 BZD
Cost Estimator Business Planning 42,040 BZD
Data Executive Business Planning 31,080 BZD
Data Manager Business Planning 44,720 BZD
Data Processing Manager Business Planning 50,560 BZD
Development Researcher Business Planning 44,780 BZD
Director of Business Development Business Planning 82,720 BZD
Director of Production Planning Business Planning 72,120 BZD
Due Diligence Analyst Business Planning 60,920 BZD
Estimating Manager Business Planning 66,140 BZD
General Manager Business Planning 75,260 BZD
Incident Handler Business Planning 40,420 BZD
Incident Specialist Business Planning 49,300 BZD
Lean Consultant Business Planning 45,000 BZD
Manager Business Planning 75,100 BZD
Marketing and Business Development Manager Business Planning 72,780 BZD
Materials Planner Business Planning 23,360 BZD
Merchandise Assistant Business Planning 26,020 BZD
Merchandise Controller Business Planning 23,700 BZD
Merchandise Planner Business Planning 24,860 BZD
Operations Analyst Business Planning 50,540 BZD
Operations Manager Business Planning 58,800 BZD
Operations Research Analyst Business Planning 35,420 BZD
Planning and Reporting Manager Business Planning 63,400 BZD
Planning Director Business Planning 79,600 BZD
Project Administrator Business Planning 38,700 BZD
Project Manager Business Planning 63,500 BZD
Project Planner Business Planning 35,340 BZD
Research Assistant Business Planning 31,960 BZD
Research Engineer Business Planning 36,580 BZD
Research Officer Business Planning 29,160 BZD
Risk Management Specialist Business Planning 56,140 BZD
Scholarship Coordinator Business Planning 31,540 BZD
Store Planner Business Planning 30,800 BZD
Strategy Director Business Planning 80,840 BZD
Top Research and Development Executive Business Planning 87,760 BZD

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!

  • "Average Assistant Business Development Manager Salary in Belize for 2024". World Salaries. Accessed on March 28, 2024. https://worldsalaries.com/average-assistant-business-development-manager-salary-in-belize/.

  • "Average Assistant Business Development Manager Salary in Belize for 2024". World Salaries, https://worldsalaries.com/average-assistant-business-development-manager-salary-in-belize/. Accessed 28 March, 2024

  • Average Assistant Business Development Manager Salary in Belize for 2024. World Salaries. Retrieved from https://worldsalaries.com/average-assistant-business-development-manager-salary-in-belize/.