Average Master File Maintenance Salary in Belize for 2024

In this article, we will look at the average Master File Maintenance 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 a Master File Maintenance Make in Belize?

A Master File Maintenance working in Belize will typically earn around 26,020 BZD per year, and this can range from the lowest average salary of about 12,620 BZD to the highest average salary of 36,720 BZD.

Average Annual Salary
26,020 BZD
Average Monthly Salary
2,168 BZD

Lowest Annual Salary
12,620 BZD
Lowest Monthly Salary
1,051 BZD

Highest Annual Salary
36,720 BZD
Highest Monthly Salary
3,060 BZD

These are average salaries for a Master File Maintenance in Belize and include benefits such as housing and transport. It's also possible for a Master File Maintenance to earn more or less than the average salaries shown above.

Master File Maintenance 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 Master File Maintenance Salaries in Belize

So we've looked at the average salaries a Master File Maintenance will earn in Belize. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Master File Maintenance can earn between 12,620 BZD and 36,720 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 a Master File Maintenance in Belize is 23,700 BZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 23,700 BZD, and 50% of the population earn more than 23,700 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 Master File Maintenance salary in Belize, 25% of the population are earning less than 15,300 BZD while 75% of the population earn more than 15,300 BZD.

75% of the population earn less than 31,520 BZD, and 25% of the population earn more than 31,520 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.

Master File Maintenance 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 master file maintenance 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 Master File Maintenance in Belize that has less than two years of experience can expect to earn somewhere in the region of 14,200 BZD.
  • 2 - 5 Years Experience. With two to five years of experience the average Master File Maintenance salary would increase to 16,980 BZD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Master File Maintenance, the average salary would be 25,940 BZD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 31,960 BZD.
  • 15 - 20 Years Experience. A Master File Maintenance with 15 to 20 years of experience can earn an average of 34,540 BZD.
  • 20+ Years Experience. For a Master File Maintenance with more than 20 years, the expected average salary increases to 37,620 BZD.

Average Salary by Experience Chart

0-2 Years
14,200 BZD
2-5 Years +29%
16,980 BZD
5-10 Years +38%
25,940 BZD
10-15 Years +24%
31,960 BZD
15-20 Years +7%
34,540 BZD
20+ Years +7%
37,620 BZD

Master File Maintenance 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 a Master File Maintenance 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. A Master File Maintenance in Belize with a high school education can earn an average salary of 19,200 BZD.

  • Certificate or Diploma. A Master File Maintenance in Belize with a certificate or diploma education can earn an average salary of 20,940 BZD.

  • Bachelor's Degree. A Master File Maintenance in Belize with a bachelor's degree education can earn an average salary of 27,620 BZD.

  • Master's Degree. A Master File Maintenance in Belize with a master's degree education can earn an average salary of 35,520 BZD.

Average Salary by Education Chart

High School
19,200 BZD
Certificate or Diploma +15%
20,940 BZD
Bachelor's Degree +35%
27,620 BZD
Master's Degree +26%
35,520 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.

Master File Maintenance 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 master file maintenance will earn an average of 24,860 BZD, while a female master file maintenance will earn around 24,820 BZD.

This means that a male master file maintenance earns approximately 0% more than a female master file maintenance for performing the same job.

Average Salary by Gender Chart in Belize

Male
24,860 BZD
Female -0%
24,820 BZD

Master File Maintenance 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 a Master File Maintenance in Belize is around 6% every 28 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 = ( 6 ÷ 28 ) × 12  = 3%

What this means is that a Master File Maintenance in Belize can expect to receive an average pay raise of around 3% 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%

Master File Maintenance 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.

A Master File Maintenance is a low bonus based job, with 12% of employees reporting at least one bonus in the last 12 months.

88% 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 0% to 4%.

Received Bonus
12%
No Bonus
88%

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 a Master File Maintenance

In the table below, we have salary information for jobs that are similar to a Master File Maintenance in Belize.

Job Title Category Salary
After Sales Automotive Manager Automotive 46,880 BZD
Alignment Technician Automotive 16,880 BZD
Auto Damage Adjuster Automotive 19,020 BZD
Auto Detailer Automotive 19,220 BZD
Auto Parts Manager Automotive 62,420 BZD
Automotive Assembler Automotive 15,920 BZD
Automotive Assembly Manager Automotive 58,240 BZD
Automotive Assembly Operator Automotive 18,780 BZD
Automotive Body Repairer Automotive 15,920 BZD
Automotive Branch Manager Automotive 70,600 BZD
Automotive Central Planner Automotive 27,300 BZD
Automotive Electrician Automotive 20,460 BZD
Automotive Engineering Technician Automotive 25,160 BZD
Automotive Estimating Manager Automotive 48,140 BZD
Automotive Estimator Automotive 36,020 BZD
Automotive General Manager Automotive 92,240 BZD
Automotive Inventory Officer Automotive 15,700 BZD
Automotive Manager Automotive 79,240 BZD
Automotive Master Mechanic Automotive 24,860 BZD
Automotive Parts Supplier Automotive 29,840 BZD
Automotive Project Engineer Automotive 31,340 BZD
Automotive Project Manager Automotive 60,340 BZD
Automotive Purchase Manager Automotive 65,940 BZD
Automotive Sales Automotive 34,960 BZD
Automotive Service Technician Automotive 16,140 BZD
Automotive Technician Automotive 20,300 BZD
Automotive Test Engineer Automotive 32,620 BZD
Automotive Warranty Administrator Automotive 29,160 BZD
Automotive Warranty Clerk Automotive 20,940 BZD
Car Parts and Accessories Fitter Automotive 17,620 BZD
Car Salesman Automotive 39,160 BZD
Damage Appraiser Automotive 25,940 BZD
Diesel Engine Specialist Automotive 24,800 BZD
Job Card Opener Automotive 15,300 BZD
Lube Technician Automotive 14,660 BZD
Materials Planner Automotive 25,160 BZD
Mechanic Automotive 17,740 BZD
Motor Vehicle Inspector Automotive 29,540 BZD
Motorcycle Mechanic Automotive 20,120 BZD
Service Advisor Automotive 31,980 BZD
Service Manager Automotive 53,320 BZD
Stock Controller Automotive 22,420 BZD
Technical Advisor Automotive 35,340 BZD
Tire Retreader Automotive 14,140 BZD
Used Car Manager Automotive 45,580 BZD
Vehicle Body Maker Automotive 22,420 BZD
Vehicle Examiner Automotive 24,800 BZD
Vehicle Painter Automotive 15,580 BZD
Vehicle Trimmer Automotive 16,140 BZD
Welder Automotive 14,840 BZD

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