Average Outbound Sales Salary in Belize for 2024
In this article, we will look at the average Outbound Sales 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 an Outbound Sales Make in Belize?
An Outbound Sales working in Belize will typically earn around 40,140 BZD per year, and this can range from the lowest average salary of about 19,360 BZD to the highest average salary of 58,440 BZD.
These are average salaries for an Outbound Sales in Belize and include benefits such as housing and transport. It's also possible for an Outbound Sales to earn more or less than the average salaries shown above.
Outbound Sales 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 Outbound Sales Salaries in Belize
So we've looked at the average salaries an Outbound Sales will earn in Belize. The next interesting data point is the distribution of salaries.
Salary ranges
We already know that an Outbound Sales can earn between 19,360 BZD and 58,440 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 an Outbound Sales in Belize is 40,560 BZD. This is the middle value in the distribution of salaries.
What this means is that approximately 50% of the population earn less than 40,560 BZD, and 50% of the population earn more than 40,560 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 Outbound Sales salary in Belize, 25% of the population are earning less than 26,080 BZD while 75% of the population earn more than 26,080 BZD.
75% of the population earn less than 52,460 BZD, and 25% of the population earn more than 52,460 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.
Outbound Sales 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 outbound sales 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. An Outbound Sales in Belize that has less than two years of experience can expect to earn somewhere in the region of 22,540 BZD.
- 2 - 5 Years Experience. With two to five years of experience the average Outbound Sales salary would increase to 28,900 BZD.
- 5 - 10 Years Experience. From five to ten years of experience as an Outbound Sales, the average salary would be 38,620 BZD.
- 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 49,820 BZD.
- 15 - 20 Years Experience. An Outbound Sales with 15 to 20 years of experience can earn an average of 51,800 BZD.
- 20+ Years Experience. For an Outbound Sales with more than 20 years, the expected average salary increases to 55,580 BZD.
Average Salary by Experience Chart
0-2 Years |
22,540 BZD
|
|
2-5 Years | +29% |
28,900 BZD
|
5-10 Years | +38% |
38,620 BZD
|
10-15 Years | +24% |
49,820 BZD
|
15-20 Years | +7% |
51,800 BZD
|
20+ Years | +7% |
55,580 BZD
|
Outbound Sales 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 an Outbound Sales in Belize based on the education level of the employees in order to find out whether a better education level would increase your salary.
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High School. An Outbound Sales in Belize with a high school education can earn an average salary of 28,660 BZD.
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Certificate or Diploma. An Outbound Sales in Belize with a certificate or diploma education can earn an average salary of 32,960 BZD.
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Bachelor's Degree. An Outbound Sales in Belize with a bachelor's degree education can earn an average salary of 41,820 BZD.
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Master's Degree. An Outbound Sales in Belize with a master's degree education can earn an average salary of 52,880 BZD.
Average Salary by Education Chart
High School |
28,660 BZD
|
|
Certificate or Diploma | +15% |
32,960 BZD
|
Bachelor's Degree | +35% |
41,820 BZD
|
Master's Degree | +26% |
52,880 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.
Outbound Sales 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 outbound sales will earn an average of 39,560 BZD, while a female outbound sales will earn around 36,800 BZD.
This means that a male outbound sales earns approximately 8% more than a female outbound sales for performing the same job.
Average Salary by Gender Chart in Belize
Male |
39,560 BZD
|
|
Female | -8% |
36,800 BZD
|
Outbound Sales 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 an Outbound Sales in Belize is around 8% 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 = ( 8 ÷ 28 ) × 12 = 3%
What this means is that an Outbound Sales 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%
|
Outbound Sales 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.
An Outbound Sales is a moderate bonus based job, with 63% of employees reporting at least one bonus in the last 12 months.
37% 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 |
63%
|
|
No Bonus |
37%
|
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 an Outbound Sales
In the table below, we have salary information for jobs that are similar to an Outbound Sales in Belize.
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