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Petroleum Geologist Average Salary in Belize 2022

How much money does a Petroleum Geologist make in Belize?

Average Monthly Salary
6,310 BZD
( 75,700 BZD yearly)


A person working as a Petroleum Geologist in Belize typically earns around 6,310 BZD per month. Salaries range from 3,090 BZD (lowest) to 9,840 BZD (highest).

This is the average monthly salary including housing, transport, and other benefits. Petroleum Geologist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.

Petroleum Geologist Salary Distribution in Belize

Median and salary distribution monthly Belize Petroleum Geologist
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The median, the maximum, the minimum, and the range

  • Salary Range

    Petroleum Geologist salaries in Belize range from 3,090 BZD per month (minimum salary) to 9,840 BZD per month (maximum salary).

  • Median Salary

    The median salary is 6,440 BZD per month, which means that half (50%) of people working as Petroleum Geologist(s) are earning less than 6,440 BZD while the other half are earning more than 6,440 BZD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Petroleum Geologist(s) are earning less than 4,290 BZD while 75% of them are earning more than 4,290 BZD. Also from the diagram, 75% of Petroleum Geologist(s) are earning less than 8,300 BZD while 25% are earning more than 8,300 BZD.

What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary

Petroleum Geologist Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Belize Petroleum Geologist
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The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Petroleum Geologist salaries by experience level and this is what we found.

A Petroleum Geologist with less than two years of experience makes approximately 3,670 BZD per month.

While someone with an experience level between two and five years is expected to earn 4,710 BZD per month, 29% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 6,500 BZD per month, 38% more than someone with two to five years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Additionally, Petroleum Geologist(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 8,050 BZD per month, 24% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 8,630 BZD per month, 7% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 9,200 BZD per month, 7% more than people with fifteen to twenty years of experience.

Petroleum Geologist average salary change by experience in Belize

0 - 2 Years
3,670 BZD
2 - 5 Years+29%
4,710 BZD
5 - 10 Years+38%
6,500 BZD
10 - 15 Years+24%
8,050 BZD
15 - 20 Years+7%
8,630 BZD
20+ Years+7%
9,200 BZD
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Petroleum Geologist Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Petroleum Geologist(s) who have the same experience but different education levels.

Salary comparison by education level monthly Belize Petroleum Geologist
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Petroleum Geologist salaries by education level in order to make a comparison.

When the education level is Bachelor's Degree, the average salary of a Petroleum Geologist is 4,310 BZD per month.

While someone with a Master's Degree gets a salary of 5,930 BZD per month, 38% more than someone having a Bachelor's Degree degree.

A PhD gets its holder an average salary of 9,710 BZD per month, 64% more than someone with a Master's Degree.

Petroleum Geologist average salary difference by education level in Belize

Bachelor's Degree
4,310 BZD
Master's Degree+38%
5,930 BZD
9,710 BZD
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Belize costs anywhere from 19,600 Belize Dollar(s) to 58,800 Belize Dollar(s) and lasts approximately two years. That is quite an investment.

You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.

Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Petroleum Geologist Salary Comparison By Gender

Salary comparison by gender monthly Belize Petroleum Geologist
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Petroleum Geologist employees in Belize earn 9% more than their female counterparts on average.

6,530 BZD
5,990 BZD
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Belize for all Careers

Salary comparison by gender monthly Belize
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Petroleum Geologist Average Annual Salary Increment Percentage in Belize

How much are annual salary increments in Belize for Petroleum Geologist(s)? How often do employees get salary raises?

Petroleum Geologist

Petroleum Geologist(s) in Belize are likely to observe a salary increase of approximately 10% every 28 months. The national average annual increment for all professions combined is 5% granted to employees every 28 months.

Annual Salary Increment Rate Belize Petroleum Geologist
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Belize / All Professions

The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.

How to calculate the salary increment percentage?

The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency

The average salary increase in one year (12 months) in Belize is 2%.

Annual Increment Rate By Industry 2021

Information Technology

Listed above are the average annual increase rates for each industry in Belize for the year 2021. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.

Worldwide Salary Raises: All Countries and All Jobs

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Petroleum Geologist Bonus and Incentive Rates in Belize

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Belize Petroleum Geologist
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A Petroleum Geologist is considered to be a moderate bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

60% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 40% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.

Received Bonus
No Bonus

Types of Bonuses Considered

Individual Performance-Based Bonuses

The most standard form of bonus where the employee is awarded based on their exceptional performance.

Company Performance Bonuses

Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.

Goal-Based Bonuses

Granted upon achieving an important goal or milestone.

Holiday / End of Year Bonuses

These types of bonuses are given without a reason and usually resemble an appreciation token.

Bonuses Are Not Commissions!

People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.

What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting Cast

Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.

Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.

A graphics designer working for a graphics designing company.

A graphic designer in the marketing department of a hospital.

Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.

Petroleum Geologist Average Hourly Wage in Belize

36 BZD per hour

The average hourly wage (pay per hour) in Belize is 36 BZD. This means that the average Petroleum Geologist in Belize earns approximately 36 BZD for every worked hour.

Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.

Petroleum Geologist VS Other Jobs

Salary Comparison Between Petroleum Geologist and Oil  / Gas / Energy / Mining monthly Belize
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The average salary for Petroleum Geologist is 79% more than that of Oil / Gas / Energy / Mining. Also, Oil / Gas / Energy / Mining salaries are 10% less than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Assistant Yard Manager3,560 BZD-44%
Associate Analyst3,840 BZD-39%
Associate Landman1,610 BZD-74%
Auxiliary Equipment Operator1,540 BZD-76%
Biomass Plant Technician1,770 BZD-72%
Biomass Power Plant Manager5,200 BZD-18%
Chemical Plant Operator2,930 BZD-54%
Chief Contract Compliance Engineer3,890 BZD-38%
Completions Engineer3,590 BZD-43%
Cost Controller2,740 BZD-57%
Crude Oil Marketing Representative4,130 BZD-35%
Dispatcher1,520 BZD-76%
Distribution Manager5,210 BZD-17%
Dragline Operator1,800 BZD-71%
Driller Offsider1,290 BZD-80%
Dump Truck Driver1,440 BZD-77%
Electric and Gas Operations Manager8,230 BZD+30%
Energy Advisor5,820 BZD-8%
Energy Analyst5,400 BZD-14%
Energy Auditor4,400 BZD-30%
Energy Dispatch Director6,340 BZD+0%
Energy Technical Assistant2,270 BZD-64%
Energy Technical Manager4,530 BZD-28%
Energy Technical Trainer3,120 BZD-51%
Exploration Manager6,570 BZD+4%
Field Safety Auditor4,030 BZD-36%
Fluids Engineer3,630 BZD-42%
Fuel Cell Engineer3,860 BZD-39%
Fuel Cell Technician1,880 BZD-70%
Fuels Handler1,790 BZD-72%
Gas Compressor Operator1,690 BZD-73%
Gas Distribution Plant Operator2,900 BZD-54%
Gas Supply Manager5,400 BZD-14%
Geologist6,530 BZD+3%
Geophysicist6,600 BZD+5%
Geothermal Production Manager6,490 BZD+3%
Geothermal Technician2,460 BZD-61%
HSE Engineer3,520 BZD-44%
HSE Officer2,190 BZD-65%
HSEQ Administrator2,550 BZD-60%
Inspector3,390 BZD-46%
Instructor2,950 BZD-53%
Instrument Designer2,750 BZD-56%
Lead Technical Field Advisor4,870 BZD-23%
Logistics and Tool Coordinator3,170 BZD-50%
Maintenance Engineer3,570 BZD-43%
Maintenance Superintendent3,170 BZD-50%
Material Controller2,460 BZD-61%
Mine Engineer3,590 BZD-43%
Mine Surveyor4,190 BZD-34%
Mining Project Administrator3,290 BZD-48%
Mining Project Assistant2,530 BZD-60%
Mining Project Controls Consultant4,100 BZD-35%
Mining Project Coordinator3,360 BZD-47%
Mining Project Engineer3,640 BZD-42%
Mining Project Manager4,650 BZD-26%
Mining Site Manager4,900 BZD-22%
Mining Team Leader3,850 BZD-39%
NDT Technician2,310 BZD-63%
Oil Service Unit Operator2,010 BZD-68%
Oil Trader4,620 BZD-27%
Oilwell Pumper1,430 BZD-77%
Petroleum Engineer 4,290 BZD-32%
Petroleum Geologist6,310 BZD=
Petroleum Pump System Operator2,040 BZD-68%
Pipeline Technician1,380 BZD-78%
Power Coordinator2,350 BZD-63%
Power Plant Operations Manager7,200 BZD+14%
Power Plant Operator3,080 BZD-51%
Radio Operator1,560 BZD-75%
Reliability Engineer3,480 BZD-45%
Reservoir Engineer3,560 BZD-44%
Risk Analyst4,280 BZD-32%
Roughneck3,900 BZD-38%
Scaffolder2,440 BZD-61%
Shutdown Engineer3,050 BZD-52%
Solar Energy Installation Manager5,640 BZD-11%
Solar Energy Systems Engineer3,670 BZD-42%
Solar Photovoltaic Installer2,370 BZD-62%
Solar Thermal Technician2,300 BZD-64%
Supply Operations Manager6,100 BZD-3%
Sustainability Specialist5,990 BZD-5%
System Development Advisor4,300 BZD-32%
Tanker Truck Driver1,450 BZD-77%
Utility Operator2,030 BZD-68%
Wind Energy Project Manager4,870 BZD-23%

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Belize earn 21% more than their private sector counterparts on average across all sectors.

Private Sector
3,570 BZD
Public Sector+21%
4,310 BZD
Percentage increase and decrease are relative to the previous value

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