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 salaries in Belize range from 3,090 BZD per month (minimum salary) to 9,840 BZD per month (maximum 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.
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.
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
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.
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.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
The main two types of jobs
|Revenue Generators||Supporting 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.
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.
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.
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.
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.
|Job Title||Average Salary|
|Assistant Yard Manager||3,560 BZD||-44%|
|Associate Analyst||3,840 BZD||-39%|
|Associate Landman||1,610 BZD||-74%|
|Auxiliary Equipment Operator||1,540 BZD||-76%|
|Biomass Plant Technician||1,770 BZD||-72%|
|Biomass Power Plant Manager||5,200 BZD||-18%|
|Chemical Plant Operator||2,930 BZD||-54%|
|Chief Contract Compliance Engineer||3,890 BZD||-38%|
|Completions Engineer||3,590 BZD||-43%|
|Cost Controller||2,740 BZD||-57%|
|Crude Oil Marketing Representative||4,130 BZD||-35%|
|Distribution Manager||5,210 BZD||-17%|
|Dragline Operator||1,800 BZD||-71%|
|Driller Offsider||1,290 BZD||-80%|
|Dump Truck Driver||1,440 BZD||-77%|
|Electric and Gas Operations Manager||8,230 BZD||+30%|
|Energy Advisor||5,820 BZD||-8%|
|Energy Analyst||5,400 BZD||-14%|
|Energy Auditor||4,400 BZD||-30%|
|Energy Dispatch Director||6,340 BZD||+0%|
|Energy Technical Assistant||2,270 BZD||-64%|
|Energy Technical Manager||4,530 BZD||-28%|
|Energy Technical Trainer||3,120 BZD||-51%|
|Exploration Manager||6,570 BZD||+4%|
|Field Safety Auditor||4,030 BZD||-36%|
|Fluids Engineer||3,630 BZD||-42%|
|Fuel Cell Engineer||3,860 BZD||-39%|
|Fuel Cell Technician||1,880 BZD||-70%|
|Fuels Handler||1,790 BZD||-72%|
|Gas Compressor Operator||1,690 BZD||-73%|
|Gas Distribution Plant Operator||2,900 BZD||-54%|
|Gas Supply Manager||5,400 BZD||-14%|
|Geothermal Production Manager||6,490 BZD||+3%|
|Geothermal Technician||2,460 BZD||-61%|
|HSE Engineer||3,520 BZD||-44%|
|HSE Officer||2,190 BZD||-65%|
|HSEQ Administrator||2,550 BZD||-60%|
|Instrument Designer||2,750 BZD||-56%|
|Lead Technical Field Advisor||4,870 BZD||-23%|
|Logistics and Tool Coordinator||3,170 BZD||-50%|
|Maintenance Engineer||3,570 BZD||-43%|
|Maintenance Superintendent||3,170 BZD||-50%|
|Material Controller||2,460 BZD||-61%|
|Mine Engineer||3,590 BZD||-43%|
|Mine Surveyor||4,190 BZD||-34%|
|Mining Project Administrator||3,290 BZD||-48%|
|Mining Project Assistant||2,530 BZD||-60%|
|Mining Project Controls Consultant||4,100 BZD||-35%|
|Mining Project Coordinator||3,360 BZD||-47%|
|Mining Project Engineer||3,640 BZD||-42%|
|Mining Project Manager||4,650 BZD||-26%|
|Mining Site Manager||4,900 BZD||-22%|
|Mining Team Leader||3,850 BZD||-39%|
|NDT Technician||2,310 BZD||-63%|
|Oil Service Unit Operator||2,010 BZD||-68%|
|Oil Trader||4,620 BZD||-27%|
|Oilwell Pumper||1,430 BZD||-77%|
|Petroleum Engineer||4,290 BZD||-32%|
|Petroleum Geologist||6,310 BZD||=|
|Petroleum Pump System Operator||2,040 BZD||-68%|
|Pipeline Technician||1,380 BZD||-78%|
|Power Coordinator||2,350 BZD||-63%|
|Power Plant Operations Manager||7,200 BZD||+14%|
|Power Plant Operator||3,080 BZD||-51%|
|Radio Operator||1,560 BZD||-75%|
|Reliability Engineer||3,480 BZD||-45%|
|Reservoir Engineer||3,560 BZD||-44%|
|Risk Analyst||4,280 BZD||-32%|
|Shutdown Engineer||3,050 BZD||-52%|
|Solar Energy Installation Manager||5,640 BZD||-11%|
|Solar Energy Systems Engineer||3,670 BZD||-42%|
|Solar Photovoltaic Installer||2,370 BZD||-62%|
|Solar Thermal Technician||2,300 BZD||-64%|
|Supply Operations Manager||6,100 BZD||-3%|
|Sustainability Specialist||5,990 BZD||-5%|
|System Development Advisor||4,300 BZD||-32%|
|Tanker Truck Driver||1,450 BZD||-77%|
|Utility Operator||2,030 BZD||-68%|
|Wind Energy Project Manager||4,870 BZD||-23%|
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.