HOME BROWSE SALARIES BEST PAYING JOBS
Browse Salaries
Best Paying Jobs
Salary Increase Letters
Career Articles

Engineering Average Salaries in Panama 2022

How much money does a person working in Engineering make in Panama?


Average Monthly Salary
1,790 PAB
( 21,500 PAB yearly)

LOW
570
PAB
AVERAGE
1,790
PAB
HIGH
3,780
PAB

A person working in Engineering in Panama typically earns around 1,790 PAB per month. Salaries range from 570 PAB (lowest average) to 3,780 PAB (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Engineering careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
Acoustics Engineer1,760 PAB
Assembly Engineering Technician1,410 PAB
Assistant Chief Engineer1,980 PAB
Associate Engineer1,590 PAB
Autocad Operator1,150 PAB
Automation Engineer2,030 PAB
Avionic System Support Engineer1,690 PAB
Biochemical Engineer1,750 PAB
BMS Engineer1,730 PAB
Bridge and Lock Tender960 PAB
Broadcast Engineer1,880 PAB
CAD Design Engineer1,930 PAB
CAD Designer1,130 PAB
CAE Engineer1,720 PAB
Ceramics Engineer1,730 PAB
Civil Engineer1,890 PAB
Commissioning Engineer1,750 PAB
Communications Engineer2,010 PAB
Condition Monitoring Engineer1,530 PAB
Contract Associate Engineer1,780 PAB
Control Systems Engineer1,730 PAB
Controls Engineer1,850 PAB
Controls Software Engineer1,660 PAB
Corrosion Engineer1,680 PAB
Design Engineer1,820 PAB
Drafter1,190 PAB
Drafting Manager2,120 PAB
Drilling Engineer1,850 PAB
Electrical Draughtsman910 PAB
Electrical Engineer2,020 PAB
Electrical Engineering Manager2,560 PAB
Electromechanical Engineering Technologist2,010 PAB
Electromechanical Equipment Assembler950 PAB
Energy Engineer1,880 PAB
Engine Assembler790 PAB
Engineer2,010 PAB
Engineering Account Manager2,060 PAB
Engineering Chief Designer2,160 PAB
Engineering Consultant2,460 PAB
Engineering Key Account Manager2,760 PAB
Engineering Lab Technician1,710 PAB
Engineering Planning Manager2,620 PAB
Engineering Production Manager3,120 PAB
Engineering Project Analyst2,110 PAB
Engineering Project Coordinator 2,020 PAB
Engineering Project Director3,690 PAB
Engineering Project Manager2,590 PAB
Engineering Research and Development Manager2,820 PAB
Engineering Safety Coordinator1,380 PAB
Engineering Sales Manager2,450 PAB
Engineering Technician1,430 PAB
Engineering Technologist1,360 PAB
Environmental Engineer1,810 PAB
Equipment Engineer1,630 PAB
Equipment Engineering Manager2,510 PAB
Estimator1,630 PAB
Fabrication Specialist1,340 PAB
Fabricator830 PAB
Facade Engineer1,810 PAB
Fiber Analyst1,090 PAB
Field Engineer1,920 PAB
Field Engineering Manager3,010 PAB
Fire Engineer1,850 PAB
Fitter and Turner570 PAB
Forestry Strategic Planner2,090 PAB
Generation Engineer1,830 PAB
Genetic Engineer1,990 PAB
Geological Engineer1,910 PAB
Geotechnical Engineer2,030 PAB
Heavy Equipment Mechanic1,000 PAB
Highway Engineer1,840 PAB
HSE Professional1,670 PAB
HVAC Engineer1,900 PAB
HVAC Supervisor1,590 PAB
Industrial Engineer1,840 PAB
Industrial Engineering Technologist1,760 PAB
Instrument Engineer1,810 PAB
Instrumentation and Control Engineer1,860 PAB
Instrumentation Engineer1,870 PAB
Instrumentation Manager1,740 PAB
Irrigation Engineer1,790 PAB
Licensed Aircraft Engineer2,020 PAB
Locomotive Engineer1,790 PAB
Maintenance Engineer1,680 PAB
Maintenance Fitter670 PAB
Maintenance Manager1,760 PAB
Manufacturing Engineer1,840 PAB
Marine Engineer1,860 PAB
Materials Engineer1,750 PAB
Materials Researcher1,630 PAB
Materials Technician1,340 PAB
Mechanical and Electrical Engineer2,060 PAB
Mechanical Design Engineer1,940 PAB
Mechanical Designer1,520 PAB
Mechanical Engineer2,040 PAB
Mechanical Engineering Manager2,600 PAB
Mechanical Inspector1,800 PAB
Mechatronics Engineer1,930 PAB
Mining Engineer1,870 PAB
Oil and Petrochemical Engineer2,090 PAB
Optical Engineer1,790 PAB
Optical Instrument Assembler900 PAB
PCB Assembler660 PAB
Photonics Engineer1,970 PAB
Photonics Technician1,720 PAB
Pipeline Engineer1,600 PAB
Piping Designer1,020 PAB
Piping Engineer1,660 PAB
Planning Engineer1,850 PAB
Pressure Vessel Inspector830 PAB
Principal Cost Engineer1,930 PAB
Principal Engineer1,860 PAB
Principal Support Engineer1,800 PAB
Process Engineer1,830 PAB
Process Operator1,130 PAB
Product Development Engineer1,860 PAB
Product Development Technician1,380 PAB
Product Engineer1,990 PAB
Product Safety Engineer1,710 PAB
Production Engineer1,820 PAB
Project Engineer1,960 PAB
Proposal Manager2,440 PAB
Purchasing Engineer1,660 PAB
Quality Assurance Engineer1,770 PAB
Rail Engineer1,930 PAB
Robotics Engineer2,010 PAB
Robotics Technician1,560 PAB
Safety Engineer1,850 PAB
Safety Inspector1,400 PAB
Safety Manager2,210 PAB
Safety Officer960 PAB
Sales Engineer1,940 PAB
Scheduling Engineer1,640 PAB
Service Engineer1,900 PAB
Solar Engineer1,980 PAB
Staff Engineer1,820 PAB
Static Equipment Engineer1,850 PAB
Stationary Engineer1,680 PAB
Stress Engineer1,780 PAB
Structural Analysis Engineer1,820 PAB
Structural Designer1,640 PAB
Structural Engineer1,760 PAB
Structural Technician1,230 PAB
Supply Chain Specialist1,830 PAB
Surveyor1,410 PAB
Technical Affairs Officer930 PAB
Technical Assistant930 PAB
Technical Engineer1,610 PAB
Technical Support Engineer1,530 PAB
Tender Engineer1,650 PAB
Test Development Engineer1,750 PAB
Transportation Engineer1,700 PAB
Validation Engineer1,620 PAB
Verification Engineer1,770 PAB
Wastewater Engineer1,780 PAB
Wind Energy Engineer1,790 PAB
Wind Energy Operations Manager2,500 PAB
Work Planner1,340 PAB

Engineering Jobs Salary Distribution in Panama

Median and salary distribution monthly Panama Engineering
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/panama/engineering/median-and-salary-distribution-monthly-panama-engineering.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Engineering salaries in Panama range from 570 PAB per month (minimum average salary) to 3,780 PAB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 1,680 PAB per month, which means that half (50%) of people working in Engineering are earning less than 1,680 PAB while the other half are earning more than 1,680 PAB. 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 people working in Engineering are earning less than 1,010 PAB while 75% of them are earning more than 1,010 PAB. Also from the diagram, 75% of people working in Engineering are earning less than 2,570 PAB while 25% are earning more than 2,570 PAB.


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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher the wage.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 Panama costs anywhere from 10,600 Balboa(s) to 31,800 Balboa(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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Engineering Salary Comparison By Gender

Salary comparison by gender monthly Panama Engineering
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/panama/engineering/salary-comparison-by-gender-monthly-panama-engineering.jpg

Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male employees in Panama who work in Engineering earn 10% more than their female counterparts on average.

Male
1,850 PAB
Female-9%
1,690 PAB
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Panama for all Careers

Salary comparison by gender monthly Panama
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/panama/salary-comparison-by-gender-monthly-panama.jpg

Engineering Average Annual Salary Increment Percentage in Panama

How much are annual salary increments in Panama for Engineering professionals? How often do employees get salary raises?

Engineering

Engineering professionals in Panama are likely to observe a salary increase of approximately 8% every 18 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.

Annual Salary Increment Rate Panama Engineering
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/panama/engineering/annual-salary-increment-rate-panama-engineering.jpg


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.

Panama / 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 Panama is 4%.

Annual Increment Rate By Industry 2021

Banking
5%
Energy
1%
Information Technology
6%
Healthcare
2%
Travel
7%
Construction
3%
Education
8%

Listed above are the average annual increase rates for each industry in Panama 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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Engineering Bonus and Incentive Rates in Panama

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Panama Engineering
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/panama/engineering/annual-salary-bonus-rate-panama-engineering.jpg

Engineering is considered to be a moderate bonus-based field 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.

52% of surveyed staff in Engineering reported that they haven't received any bonuses or incentives in the previous year while 48% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
48%
No Bonus
52%

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.

Example:
A graphics designer working for a graphics designing company.

Example:
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.

Engineering Hourly Average Wage in Panama


10 PAB per hour

The average hourly wage (pay per hour) in Panama is 10 PAB. This means that the average person in Panama earns approximately 10 PAB 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.

Engineering VS Other Jobs

Salary Comparison Between Engineering and Engineering monthly Panama
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/panama/engineering/salary-comparison-between-engineering-and-engineering-monthly-panama.jpg

The average salary for Engineering is 16% less than that of All Jobs.

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 Panama earn 5% more than their private sector counterparts on average across all sectors.

Private Sector
2,060 PAB
Public Sector+5%
2,170 PAB
Percentage increase and decrease are relative to the previous value

Browse Salaries

Salary Increase Letters

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2022