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.
|Job Title||Average Salary|
|Academic Advisor||2,300 PAB|
|Academic Coach||2,150 PAB|
|Academic Manager||2,600 PAB|
|Academic Specialist||1,900 PAB|
|Academic Staff||1,590 PAB|
|Achievement Coach||2,230 PAB|
|Admissions Specialist||1,910 PAB|
|Agricultural Sciences Teacher||1,740 PAB|
|Anthropology Teacher||1,720 PAB|
|Arabic Language Teacher||1,660 PAB|
|Archeology Teacher||1,870 PAB|
|Architecture Teacher||1,970 PAB|
|Art Teacher||1,570 PAB|
|Assistant School Principal||2,280 PAB|
|Assistant Teacher||1,520 PAB|
|Biochemistry Professor||3,000 PAB|
|Biology Teacher||1,730 PAB|
|Bursary Scheme Manager||1,980 PAB|
|Business Teacher||1,870 PAB|
|Chemistry Teacher||1,760 PAB|
|Child Care Coordinator||1,760 PAB|
|Child Care Worker||1,370 PAB|
|Clinical School Psychologist||2,580 PAB|
|College Aide||2,070 PAB|
|College and Career Readiness Specialist||2,350 PAB|
|College President||3,830 PAB|
|Communications Teacher||1,800 PAB|
|Community Education Officer||1,450 PAB|
|Computer Science Teacher||1,700 PAB|
|Computer Teacher||1,680 PAB|
|Creative Writing Trainer||2,050 PAB|
|Credit Counselor||2,190 PAB|
|Cultural Studies Teacher||1,630 PAB|
|Curriculum Developer||2,350 PAB|
|Curriculum Specialist||2,300 PAB|
|Deputy Controller of Examinations||2,050 PAB|
|Director of Learning Technology||2,300 PAB|
|Distance Learning Coordinator||2,000 PAB|
|Economics Lecturer||2,900 PAB|
|Education Administrator||1,870 PAB|
|Education Assistant Director||2,360 PAB|
|Education Assistant Principal||1,890 PAB|
|Education Assistant Professor||2,530 PAB|
|Education Consultant||2,410 PAB|
|Education Coordinator||1,790 PAB|
|Education Counselor||2,110 PAB|
|Education Director||3,080 PAB|
|Education Program Specialist||2,160 PAB|
|Education Researcher||2,360 PAB|
|Education Resource Specialist||1,920 PAB|
|Education Services Facilitator||1,960 PAB|
|Educational Psychologist||2,560 PAB|
|EFL Teacher||1,720 PAB|
|eLearning Trainer||1,640 PAB|
|Elementary School Teacher||1,360 PAB|
|Engineering Lecturer||2,860 PAB|
|Engineering Teacher||2,490 PAB|
|English Teacher||1,670 PAB|
|ESL Teacher||1,740 PAB|
|Faculty Assistant||2,240 PAB|
|Foreign Language Teacher||1,580 PAB|
|GED Teacher||1,620 PAB|
|Geography Teacher||1,630 PAB|
|Head of Mathematics Department||2,340 PAB|
|Head of School||2,700 PAB|
|High School Teacher||1,830 PAB|
|History Teacher||1,790 PAB|
|Infant Teacher||1,280 PAB|
|Instructional Assistant||1,850 PAB|
|Kindergarten Teacher||1,360 PAB|
|Language Instructor For Expatriate||1,400 PAB|
|Law Teacher||2,400 PAB|
|Learning Designer||1,970 PAB|
|Library Assistant||1,110 PAB|
|Library Director||2,000 PAB|
|Library Specialist||1,570 PAB|
|Life Sciences Teacher||1,700 PAB|
|Math Lecturer||3,020 PAB|
|Mathematics Teacher||1,980 PAB|
|Middle School Teacher||1,730 PAB|
|Music Teacher||1,600 PAB|
|Nursery Manager||2,470 PAB|
|Nursery Worker||1,090 PAB|
|Physical Education Specialist||1,910 PAB|
|Physical Education Teacher||1,490 PAB|
|Physics Teacher||1,760 PAB|
|Political Science Teacher||1,770 PAB|
|Post Doctoral Researcher||2,700 PAB|
|Preschool Education Administrator||1,910 PAB|
|Preschool Teacher||1,420 PAB|
|Primary School Teacher||1,570 PAB|
|Product Specialist||1,890 PAB|
|Professor - Accounting||2,950 PAB|
|Professor - Architecture||3,210 PAB|
|Professor - Biology||3,010 PAB|
|Professor - Business Administration||2,830 PAB|
|Professor - Chemical Engineering||3,320 PAB|
|Professor - Chemistry||3,160 PAB|
|Professor - Civil Engineering||2,830 PAB|
|Professor - Communication||3,010 PAB|
|Professor - Computer Science||3,060 PAB|
|Professor - Dentistry||3,080 PAB|
|Professor - Drama||3,040 PAB|
|Professor - Economics||3,170 PAB|
|Professor - Education||3,010 PAB|
|Professor - Electrical Engineering||3,360 PAB|
|Professor - English||2,940 PAB|
|Professor - Environmental Engineering||3,040 PAB|
|Professor - Foreign Languages||3,020 PAB|
|Professor - Geological Sciences||3,020 PAB|
|Professor - History||2,950 PAB|
|Professor - Industrial Engineering||3,120 PAB|
|Professor - Law||3,280 PAB|
|Professor - Legal Support||2,820 PAB|
|Professor - Liberal Arts||3,150 PAB|
|Professor - Marketing||3,240 PAB|
|Professor - Mathematics||3,330 PAB|
|Professor - Mechanical Engineering||3,150 PAB|
|Professor - Medical Administration||3,400 PAB|
|Professor - Medicine||3,700 PAB|
|Professor - Music||2,730 PAB|
|Professor - Nursing||3,000 PAB|
|Professor - Pharmaceutical Sciences||3,060 PAB|
|Professor - Philosophy||2,980 PAB|
|Professor - Physical Therapy||3,350 PAB|
|Professor - Physics||3,340 PAB|
|Professor - Psychology||2,940 PAB|
|Professor - Rehabilitation||2,930 PAB|
|Professor - Social Work||2,780 PAB|
|Professor - Sociology||2,940 PAB|
|Professor - Special Education||3,200 PAB|
|Psychology Teacher||2,520 PAB|
|Public Management Assistant Professor||2,610 PAB|
|School Counselor||2,390 PAB|
|Science Educator||1,720 PAB|
|Science Laboratory Assistant||1,580 PAB|
|Science Teacher||1,700 PAB|
|Secondary Mathematics Teacher||1,760 PAB|
|Secondary School Teacher||1,730 PAB|
|Special Education Teacher||1,780 PAB|
|Special Needs Assistant||1,480 PAB|
|Statistics Lecturer||2,990 PAB|
|Student Accounts Coordinator||1,670 PAB|
|Student Development Specialist||1,970 PAB|
|Student Employment Specialist||2,000 PAB|
|Student Services||1,530 PAB|
|Student Support Manager||2,160 PAB|
|Substitute Teacher||1,450 PAB|
|Teacher Aide||1,370 PAB|
|Teacher Trainer||2,050 PAB|
|Training and Development Specialist||2,250 PAB|
|Training Coordinator||1,520 PAB|
|University Teacher||2,930 PAB|
|Vocational Education Teacher||1,660 PAB|
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).
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.
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.
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 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.
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.
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.
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.
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.
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.
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.
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 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.
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.
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 Teaching / Education is 6% more than that of All Jobs.
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.