Average Materials Manager Salary in Belize for 2024

In this article, we will look at the average Materials 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 a Materials Manager Make in Belize?

A Materials Manager working in Belize will typically earn around 57,800 BZD per year, and this can range from the lowest average salary of about 31,380 BZD to the highest average salary of 85,700 BZD.

Average Annual Salary
57,800 BZD
Average Monthly Salary
4,816 BZD

Lowest Annual Salary
31,380 BZD
Lowest Monthly Salary
2,615 BZD

Highest Annual Salary
85,700 BZD
Highest Monthly Salary
7,141 BZD

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

Materials 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 Materials Manager Salaries in Belize

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

Salary ranges

We already know that a Materials Manager can earn between 31,380 BZD and 85,700 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 Materials Manager in Belize is 53,840 BZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 53,840 BZD, and 50% of the population earn more than 53,840 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 Materials Manager salary in Belize, 25% of the population are earning less than 36,020 BZD while 75% of the population earn more than 36,020 BZD.

75% of the population earn less than 63,040 BZD, and 25% of the population earn more than 63,040 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.

Materials 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 materials 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. A Materials Manager in Belize that has less than two years of experience can expect to earn somewhere in the region of 37,620 BZD.
  • 2 - 5 Years Experience. With two to five years of experience the average Materials Manager salary would increase to 43,800 BZD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Materials Manager, the average salary would be 58,440 BZD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 69,400 BZD.
  • 15 - 20 Years Experience. A Materials Manager with 15 to 20 years of experience can earn an average of 78,160 BZD.
  • 20+ Years Experience. For a Materials Manager with more than 20 years, the expected average salary increases to 83,200 BZD.

Average Salary by Experience Chart

0-2 Years
37,620 BZD
2-5 Years +26%
43,800 BZD
5-10 Years +32%
58,440 BZD
10-15 Years +18%
69,400 BZD
15-20 Years +11%
78,160 BZD
20+ Years +6%
83,200 BZD

Materials 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 a Materials 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.

  • Certificate or Diploma. A Materials Manager in Belize with a certificate or diploma education can earn an average salary of 43,800 BZD.

  • Bachelor's Degree. A Materials Manager in Belize with a bachelor's degree education can earn an average salary of 58,440 BZD.

  • Master's Degree. A Materials Manager in Belize with a master's degree education can earn an average salary of 81,960 BZD.

Average Salary by Education Chart

Certificate or Diploma
43,800 BZD
Bachelor's Degree +32%
58,440 BZD
Master's Degree +37%
81,960 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.

Materials 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 materials manager will earn an average of 58,000 BZD, while a female materials manager will earn around 55,020 BZD.

This means that a male materials manager earns approximately 5% more than a female materials manager for performing the same job.

Average Salary by Gender Chart in Belize

Male
58,000 BZD
Female -5%
55,020 BZD

Materials 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 a Materials Manager in Belize is around 7% every 30 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 = ( 7 ÷ 30 ) × 12  = 3%

What this means is that a Materials Manager 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%

Materials 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.

A Materials 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 a Materials Manager

In the table below, we have salary information for jobs that are similar to a Materials Manager in Belize.

Job Title Category Salary
Assembly Foreman Factory and Manufacturing 13,900 BZD
Assembly Line Worker Factory and Manufacturing 10,980 BZD
Assembly Supervisor Factory and Manufacturing 21,100 BZD
Assistance Maintenance Manager Factory and Manufacturing 45,720 BZD
Assistant Shipping Manager Factory and Manufacturing 42,320 BZD
Chemical Equipment Controller Factory and Manufacturing 30,700 BZD
Chemical Technican Apprentice Factory and Manufacturing 26,080 BZD
CNC Machinist Factory and Manufacturing 29,160 BZD
CNC Operator Factory and Manufacturing 32,020 BZD
CNC Programmer Factory and Manufacturing 34,980 BZD
Colour Technologist Factory and Manufacturing 15,380 BZD
Contracts Manager Factory and Manufacturing 55,020 BZD
Data Collection Coordinator Factory and Manufacturing 23,400 BZD
Demand Planner Factory and Manufacturing 21,540 BZD
Derrick Operator Factory and Manufacturing 13,960 BZD
Director of Manufacturing Factory and Manufacturing 83,020 BZD
Dock Worker Factory and Manufacturing 11,360 BZD
Drying Technician Factory and Manufacturing 13,900 BZD
Equipment Operator Factory and Manufacturing 12,620 BZD
Export Sales Coordinator Factory and Manufacturing 38,340 BZD
Factory Superintendent Factory and Manufacturing 21,540 BZD
Factory Worker Factory and Manufacturing 11,880 BZD
Failure Analysis Technician Factory and Manufacturing 19,380 BZD
Fiberglass Laminator Factory and Manufacturing 14,840 BZD
Food Technologist Factory and Manufacturing 25,940 BZD
Forklift Driver Factory and Manufacturing 12,620 BZD
Forklift Operator Factory and Manufacturing 12,580 BZD
Forming Machine Operator Factory and Manufacturing 15,880 BZD
Furnace Operator Factory and Manufacturing 12,120 BZD
Gas Appliance Repairer Factory and Manufacturing 12,240 BZD
General Warehouse Associate Factory and Manufacturing 22,660 BZD
Heavy Equipment Operator Factory and Manufacturing 19,640 BZD
HSE Manager Factory and Manufacturing 55,320 BZD
Industrial Engineer Factory and Manufacturing 43,760 BZD
Industrial Machinery Mechanic Factory and Manufacturing 26,860 BZD
Industrial Production Manager Factory and Manufacturing 75,500 BZD
Industrial Safety and Health Engineer Factory and Manufacturing 43,480 BZD
Intake Operator Factory and Manufacturing 17,860 BZD
Key Account Manager Factory and Manufacturing 60,460 BZD
Lift Truck Operator Factory and Manufacturing 13,900 BZD
Loading Supervisor Factory and Manufacturing 23,700 BZD
Logistic Coordinator Factory and Manufacturing 34,360 BZD
Logistics Clerk Factory and Manufacturing 18,260 BZD
Machine Operator Factory and Manufacturing 14,540 BZD
Machinist Factory and Manufacturing 11,880 BZD
Maintenance Manager Factory and Manufacturing 50,080 BZD
Maintenance Store Clerk Factory and Manufacturing 13,100 BZD
Manufacturing Engineer Factory and Manufacturing 41,660 BZD
Manufacturing Engineering Manager Factory and Manufacturing 66,680 BZD
Manufacturing Engineering Technologist Factory and Manufacturing 48,160 BZD
Manufacturing Manager Factory and Manufacturing 73,260 BZD
Manufacturing Operative Factory and Manufacturing 22,420 BZD
Manufacturing Production Technician Factory and Manufacturing 15,700 BZD
Manufacturing Supervisor Factory and Manufacturing 38,260 BZD
Manufacturing Technician Factory and Manufacturing 17,020 BZD
Materials Supervisor Factory and Manufacturing 39,640 BZD
Mechanical Fitter Engineer Factory and Manufacturing 43,220 BZD
Mechanical Foreman Factory and Manufacturing 14,620 BZD
Merchandise Planner Factory and Manufacturing 23,500 BZD
Metrology Engineer Factory and Manufacturing 42,400 BZD
Operations Engineer Factory and Manufacturing 39,560 BZD
Operations Manager Factory and Manufacturing 63,400 BZD
Order Management Coordinator Factory and Manufacturing 34,160 BZD
Order Processing Manager Factory and Manufacturing 59,000 BZD
Order Selector Factory and Manufacturing 17,540 BZD
Package Handler Factory and Manufacturing 14,540 BZD
Packaging Manager Factory and Manufacturing 44,720 BZD
Packer Factory and Manufacturing 13,780 BZD
Packing Deputy Supervisor Factory and Manufacturing 35,000 BZD
Planning Manager Factory and Manufacturing 62,100 BZD
Plant Manager Factory and Manufacturing 75,280 BZD
Precision Instrument Repairer Factory and Manufacturing 20,520 BZD
Process Technician Factory and Manufacturing 18,260 BZD
Product Manager Factory and Manufacturing 72,780 BZD
Production Analyst Factory and Manufacturing 57,860 BZD
Production Director Factory and Manufacturing 79,500 BZD
Production Engineer Factory and Manufacturing 46,720 BZD
Production Engineering Supervisor Factory and Manufacturing 67,360 BZD
Production Inspector Factory and Manufacturing 46,280 BZD
Production Laborer Factory and Manufacturing 12,200 BZD
Production Manager Factory and Manufacturing 77,620 BZD
Production Operator Factory and Manufacturing 19,020 BZD
Production Scheduler Factory and Manufacturing 34,080 BZD
Production Supervisor Factory and Manufacturing 42,320 BZD
Production Technician Factory and Manufacturing 20,120 BZD
Production Worker Factory and Manufacturing 16,720 BZD
Quality Control Analyst Factory and Manufacturing 55,020 BZD
Quality Control Inspector Factory and Manufacturing 46,980 BZD
Quality Control Manager Factory and Manufacturing 63,320 BZD
Service Technician Factory and Manufacturing 17,560 BZD
SHEQ Officer Factory and Manufacturing 21,020 BZD
Shipping Manager Factory and Manufacturing 64,200 BZD
Small Engine Mechanic Factory and Manufacturing 22,340 BZD
Spray Painter Factory and Manufacturing 13,560 BZD
Sterile Processing Technician Factory and Manufacturing 17,260 BZD
Structural Welder Factory and Manufacturing 13,060 BZD
Supply Chain Operative Factory and Manufacturing 38,700 BZD
Technical Operator Factory and Manufacturing 15,920 BZD
Technology Development Manager Factory and Manufacturing 75,980 BZD
Testing Technician Factory and Manufacturing 29,320 BZD
Toolmaker Factory and Manufacturing 21,560 BZD
Warehouse Forklift Operator Factory and Manufacturing 11,880 BZD
Warehouse Operative Factory and Manufacturing 14,200 BZD
Warehouse Worker Factory and Manufacturing 14,660 BZD
Warranty Handler Factory and Manufacturing 23,260 BZD
Welder Factory and Manufacturing 13,960 BZD
Workshop Manager Factory and Manufacturing 48,640 BZD

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