Average Real Estate General Manager Salary in Belize for 2024

In this article, we will look at the average Real Estate General 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 Real Estate General Manager Make in Belize?

A Real Estate General Manager working in Belize will typically earn around 86,460 BZD per year, and this can range from the lowest average salary of about 41,900 BZD to the highest average salary of 134,600 BZD.

Average Annual Salary
86,460 BZD
Average Monthly Salary
7,205 BZD

Lowest Annual Salary
41,900 BZD
Lowest Monthly Salary
3,491 BZD

Highest Annual Salary
134,600 BZD
Highest Monthly Salary
11,216 BZD

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

Real Estate General 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 Real Estate General Manager Salaries in Belize

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

Salary ranges

We already know that a Real Estate General Manager can earn between 41,900 BZD and 134,600 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 Real Estate General Manager in Belize is 89,120 BZD. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 89,120 BZD, and 50% of the population earn more than 89,120 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 Real Estate General Manager salary in Belize, 25% of the population are earning less than 59,480 BZD while 75% of the population earn more than 59,480 BZD.

75% of the population earn less than 116,420 BZD, and 25% of the population earn more than 116,420 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.

Real Estate General 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 real estate general 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 Real Estate General Manager in Belize that has less than two years of experience can expect to earn somewhere in the region of 48,160 BZD.
  • 2 - 5 Years Experience. With two to five years of experience the average Real Estate General Manager salary would increase to 66,180 BZD.
  • 5 - 10 Years Experience. From five to ten years of experience as a Real Estate General Manager, the average salary would be 88,020 BZD.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 110,120 BZD.
  • 15 - 20 Years Experience. A Real Estate General Manager with 15 to 20 years of experience can earn an average of 116,180 BZD.
  • 20+ Years Experience. For a Real Estate General Manager with more than 20 years, the expected average salary increases to 125,700 BZD.

Average Salary by Experience Chart

0-2 Years
48,160 BZD
2-5 Years +42%
66,180 BZD
5-10 Years +31%
88,020 BZD
10-15 Years +23%
110,120 BZD
15-20 Years +6%
116,180 BZD
20+ Years +10%
125,700 BZD

Real Estate General 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 Real Estate General 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. A Real Estate General Manager in Belize with a high school education can earn an average salary of 58,280 BZD.

  • Certificate or Diploma. A Real Estate General Manager in Belize with a certificate or diploma education can earn an average salary of 67,120 BZD.

  • Bachelor's Degree. A Real Estate General Manager in Belize with a bachelor's degree education can earn an average salary of 100,580 BZD.

  • Master's Degree. A Real Estate General Manager in Belize with a master's degree education can earn an average salary of 125,100 BZD.

Average Salary by Education Chart

High School
58,280 BZD
Certificate or Diploma +16%
67,120 BZD
Bachelor's Degree +46%
100,580 BZD
Master's Degree +23%
125,100 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.

Real Estate General 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 real estate general manager will earn an average of 88,600 BZD, while a female real estate general manager will earn around 83,400 BZD.

This means that a male real estate general manager earns approximately 6% more than a female real estate general manager for performing the same job.

Average Salary by Gender Chart in Belize

Male
88,600 BZD
Female -6%
83,400 BZD

Real Estate General 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 Real Estate General Manager in Belize is around 9% 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 = ( 9 ÷ 30 ) × 12  = 4%

What this means is that a Real Estate General 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%

Real Estate General 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 Real Estate General Manager is a moderate bonus based job, with 66% of employees reporting at least one bonus in the last 12 months.

34% 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 5% to 9%.

Received Bonus
66%
No Bonus
34%

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 Real Estate General Manager

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

Job Title Category Salary
Acquisition Associate Real Estate 36,720 BZD
Assistant Leasing Manager Real Estate 54,180 BZD
Assistant Property Manager Real Estate 51,900 BZD
Brokerage Real Estate 37,880 BZD
Brokerage Clerk Real Estate 19,060 BZD
Commercial Leasing Manager Real Estate 83,760 BZD
Commercial Real Estate Manager Real Estate 90,980 BZD
Community Development Manager Real Estate 73,820 BZD
Compliance Specialist Real Estate 38,680 BZD
Development Coordinator Real Estate 40,240 BZD
Director of Real Estate Real Estate 92,240 BZD
Lease Administrator Real Estate 53,860 BZD
Leasing Agent Real Estate 42,460 BZD
Leasing Consultant Real Estate 50,020 BZD
Leasing Manager Real Estate 52,820 BZD
Lettings Assistant Real Estate 21,100 BZD
Portfolio Analyst Real Estate 72,780 BZD
Portfolio Manager Real Estate 90,540 BZD
Property Acquisition Agent Real Estate 37,620 BZD
Property and Claims Specialist Real Estate 49,200 BZD
Property Manager Real Estate 61,620 BZD
Property Operations Manager Real Estate 84,800 BZD
Property Tax Assistant Real Estate 40,600 BZD
Real Estate Administrator Real Estate 47,760 BZD
Real Estate Agent Real Estate 41,900 BZD
Real Estate Analyst Real Estate 54,180 BZD
Real Estate Appraiser Real Estate 42,320 BZD
Real Estate Appraiser Real Estate 42,460 BZD
Real Estate Appraiser Real Estate 46,720 BZD
Real Estate Assistant Real Estate 41,700 BZD
Real Estate Association Manager Real Estate 56,060 BZD
Real Estate Broker Real Estate 40,560 BZD
Real Estate Project Director Real Estate 80,920 BZD
Real Estate Project Manager Real Estate 74,060 BZD
Real Estate Sales Agent Real Estate 43,220 BZD
Real Estate Valuer Real Estate 41,820 BZD
Research Analyst Real Estate 36,160 BZD
Residential Advisor Real Estate 49,360 BZD
Residential Property Manager Real Estate 61,460 BZD
Shopping Center Manager Real Estate 83,060 BZD
Town Planner Real Estate 81,960 BZD

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