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Teaching / Education Average Salaries in Panama 2021

How much money does a person working in Teaching / Education make in Panama?


Average Monthly Salary
2,250 PAB
( 27,000 PAB yearly)

LOW
1,080
PAB
AVERAGE
2,250
PAB
HIGH
4,100
PAB

A person working in Teaching / Education in Panama typically earns around 2,250 PAB per month. Salaries range from 1,080 PAB (lowest average) to 4,100 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 Teaching / Education 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
Academic Advisor2,300 PAB
Academic Coach2,150 PAB
Academic Manager2,600 PAB
Academic Specialist1,900 PAB
Academic Staff1,590 PAB
Accompanist1,730 PAB
Achievement Coach2,230 PAB
Admissions Specialist1,910 PAB
Agricultural Sciences Teacher1,740 PAB
Anthropology Teacher1,720 PAB
Arabic Language Teacher1,660 PAB
Archeology Teacher1,870 PAB
Architecture Teacher1,970 PAB
Archivist1,530 PAB
Art Teacher1,570 PAB
Assistant School Principal2,280 PAB
Assistant Teacher1,520 PAB
Biochemistry Professor 3,000 PAB
Biology Teacher1,730 PAB
Bursary Scheme Manager1,980 PAB
Business Teacher1,870 PAB
Chemistry Teacher1,760 PAB
Child Care Coordinator1,760 PAB
Child Care Worker1,370 PAB
Clinical School Psychologist2,580 PAB
College Aide2,070 PAB
College and Career Readiness Specialist2,350 PAB
College President3,830 PAB
Communications Teacher1,800 PAB
Community Education Officer1,450 PAB
Computer Science Teacher1,700 PAB
Computer Teacher1,680 PAB
Creative Writing Trainer2,050 PAB
Credit Counselor2,190 PAB
Cultural Studies Teacher1,630 PAB
Curriculum Developer2,350 PAB
Curriculum Specialist2,300 PAB
Demonstrator1,480 PAB
Deputy Controller of Examinations2,050 PAB
Director of Learning Technology2,300 PAB
Distance Learning Coordinator2,000 PAB
Economics Lecturer2,900 PAB
Education Administrator1,870 PAB
Education Assistant Director2,360 PAB
Education Assistant Principal1,890 PAB
Education Assistant Professor2,530 PAB
Education Consultant2,410 PAB
Education Coordinator1,790 PAB
Education Counselor2,110 PAB
Education Director3,080 PAB
Education Program Specialist2,160 PAB
Education Researcher2,360 PAB
Education Resource Specialist1,920 PAB
Education Services Facilitator1,960 PAB
Educational Psychologist2,560 PAB
EFL Teacher1,720 PAB
eLearning Trainer1,640 PAB
Elementary School Teacher1,360 PAB
Engineering Lecturer2,860 PAB
Engineering Teacher2,490 PAB
English Teacher1,670 PAB
ESL Teacher1,740 PAB
Faculty Assistant2,240 PAB
Foreign Language Teacher1,580 PAB
GED Teacher1,620 PAB
Geography Teacher1,630 PAB
Head of Mathematics Department2,340 PAB
Head of School2,700 PAB
High School Teacher1,830 PAB
History Teacher1,790 PAB
Infant Teacher1,280 PAB
Instructional Assistant1,850 PAB
Instructor1,840 PAB
Kindergarten Teacher1,360 PAB
Language Instructor For Expatriate1,400 PAB
Law Teacher2,400 PAB
Learning Designer1,970 PAB
Lecturer2,950 PAB
Librarian1,400 PAB
Library Assistant1,110 PAB
Library Director2,000 PAB
Library Specialist1,570 PAB
Life Sciences Teacher1,700 PAB
Math Lecturer3,020 PAB
Mathematics Teacher1,980 PAB
Mentor1,940 PAB
Middle School Teacher1,730 PAB
Music Teacher1,600 PAB
Nursery Manager2,470 PAB
Nursery Worker1,090 PAB
Paraprofessional2,250 PAB
Physical Education Specialist1,910 PAB
Physical Education Teacher1,490 PAB
Physics Teacher 1,760 PAB
Political Science Teacher1,770 PAB
Post Doctoral Researcher2,700 PAB
Preschool Education Administrator1,910 PAB
Preschool Teacher1,420 PAB
Primary School Teacher1,570 PAB
Principal2,400 PAB
Product Specialist1,890 PAB
Professor - Accounting2,950 PAB
Professor - Architecture3,210 PAB
Professor - Biology3,010 PAB
Professor - Business Administration2,830 PAB
Professor - Chemical Engineering3,320 PAB
Professor - Chemistry3,160 PAB
Professor - Civil Engineering2,830 PAB
Professor - Communication3,010 PAB
Professor - Computer Science3,060 PAB
Professor - Dentistry3,080 PAB
Professor - Drama3,040 PAB
Professor - Economics3,170 PAB
Professor - Education3,010 PAB
Professor - Electrical Engineering3,360 PAB
Professor - English2,940 PAB
Professor - Environmental Engineering3,040 PAB
Professor - Foreign Languages3,020 PAB
Professor - Geological Sciences3,020 PAB
Professor - History2,950 PAB
Professor - Industrial Engineering3,120 PAB
Professor - Law3,280 PAB
Professor - Legal Support2,820 PAB
Professor - Liberal Arts3,150 PAB
Professor - Marketing3,240 PAB
Professor - Mathematics3,330 PAB
Professor - Mechanical Engineering3,150 PAB
Professor - Medical Administration3,400 PAB
Professor - Medicine3,700 PAB
Professor - Music2,730 PAB
Professor - Nursing3,000 PAB
Professor - Pharmaceutical Sciences3,060 PAB
Professor - Philosophy2,980 PAB
Professor - Physical Therapy3,350 PAB
Professor - Physics3,340 PAB
Professor - Psychology2,940 PAB
Professor - Rehabilitation2,930 PAB
Professor - Social Work2,780 PAB
Professor - Sociology2,940 PAB
Professor - Special Education3,200 PAB
Psychology Teacher2,520 PAB
Public Management Assistant Professor2,610 PAB
School Counselor2,390 PAB
Science Educator1,720 PAB
Science Laboratory Assistant1,580 PAB
Science Teacher1,700 PAB
Secondary Mathematics Teacher1,760 PAB
Secondary School Teacher1,730 PAB
Special Education Teacher1,780 PAB
Special Needs Assistant1,480 PAB
Statistics Lecturer2,990 PAB
Student Accounts Coordinator1,670 PAB
Student Development Specialist1,970 PAB
Student Employment Specialist2,000 PAB
Student Services1,530 PAB
Student Support Manager2,160 PAB
Substitute Teacher1,450 PAB
Teacher1,500 PAB
Teacher Aide1,370 PAB
Teacher Trainer2,050 PAB
Training and Development Specialist2,250 PAB
Training Coordinator1,520 PAB
Tutor1,680 PAB
University Teacher2,930 PAB
Vocational Education Teacher1,660 PAB

Teaching / Education Jobs Salary Distribution in Panama

Median and salary distribution monthly Panama Teaching / Education
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The median, the maximum, the minimum, and the range

  • Salary Range

    Teaching / Education salaries in Panama range from 1,080 PAB per month (minimum average salary) to 4,100 PAB per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 2,340 PAB per month, which means that half (50%) of people working in Teaching / Education are earning less than 2,340 PAB while the other half are earning more than 2,340 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 Teaching / Education are earning less than 1,540 PAB while 75% of them are earning more than 1,540 PAB. Also from the diagram, 75% of people working in Teaching / Education are earning less than 3,350 PAB while 25% are earning more than 3,350 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
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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.
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Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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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.

Teaching / Education Salary Comparison By Gender

Salary comparison by gender monthly Panama Teaching / Education
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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 employees in Panama who work in Teaching / Education earn 7% more than their female counterparts on average.

Male
2,340 PAB
Female-6%
2,190 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
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Teaching / Education Average Annual Salary Increment Percentage in Panama

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

Teaching / Education

Teaching / Education professionals in Panama are likely to observe a salary increase of approximately 7% 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 Teaching / Education
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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.

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 2020

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 2020. 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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Teaching / Education Bonus and Incentive Rates in Panama

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Panama Teaching / Education
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Teaching / Education 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.

47% of surveyed staff in Teaching / Education reported that they haven't received any bonuses or incentives in the previous year while 53% 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
53%
No Bonus
47%

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.

Teaching / Education Hourly Average Wage in Panama


13 PAB per hour

The average hourly wage (pay per hour) in Panama is 13 PAB. This means that the average person in Panama earns approximately 13 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.

Teaching / Education VS Other Jobs

Salary Comparison Between Teaching / Education and Teaching / Education monthly Panama
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The average salary for Teaching / Education is 6% more 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
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