Agronomist Average Salary in Panama 2023
How much money does a person working as Agronomist make in Panama?
LOW
1,410
PAB AVERAGE
2,670
PAB HIGH
4,050
PAB
A person working as Agronomist in Panama typically earns around 2,670 PAB per month. Salaries range from 1,410 PAB (lowest) to 4,050 PAB (highest).
This is the average monthly salary including housing, transport, and other benefits. Agronomist salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Agronomist Pay Scale and Salaries in Panama
Salary Structure and Pay Scale Comparison
2,400 PAB or more
2,140 to 2,400 PAB
1,580 PAB or less
1,580 to 2,140 PAB
 1,410 PAB |
2,400 PAB |
4,050 PAB |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Agronomist salaries in Panama range from 1,410 PAB per month (starting salary) to 4,050 PAB per month (maximum salary). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.
Median Salary
The median salary is 2,400 PAB per month, which means that half (50%) of people working as Agronomist(s) are earning less than 2,400 PAB while the other half are earning more than 2,400 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 and Salary Scale
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Agronomist(s) are earning less than 2,000 PAB while 75% of them are earning more than 2,000 PAB. Also from the diagram, 75% of Agronomist(s) are earning less than 2,720 PAB while 25% are earning more than 2,720 PAB.
Pay Scale Structure
We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 1,580 PAB to 2,140 PAB. Approximatly 20% fall under the 1,580 PAB cap. Ten percent of wages are from 2,140 PAB to 2,400 PAB. Only 5% of people grossed 2,400 PAB or more.
Agronomist Salary Comparison by Years of Experience
How does experience and age affect your pay?
Agronomist average salary change by experience in Panama
| 0 - 2 Years | 1,620 PAB | |
| 2 - 5 Years | +23% | 1,990 PAB |
| 5 - 10 Years | +42% | 2,830 PAB |
| 10 - 15 Years | +17% | 3,300 PAB |
| 15 - 20 Years | +10% | 3,630 PAB |
| 20+ Years | +6% | 3,840 PAB |
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 Agronomist salaries by experience level and this is what we found.
Employees with less than two years of experience makes approximately 1,620 PAB per month.
While someone with an experience level between two and five years is expected to earn 1,990 PAB per month, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 2,830 PAB per month, 42% more than someone with two to five years of experience.
Additionally, Agronomist whose expertise span anywhere between ten and fifteen years get a salary equivalent to 3,300 PAB per month, 17% 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 3,630 PAB per month, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 3,840 PAB per month, 6% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Agronomist Salary Comparison By Education
How do education levels affect salaries?
Displayed below is the average salary difference between different Agronomist(s) who have the same experience but different education levels.
Agronomist average salary difference by education level in Panama
| Certificate or Diploma | 1,990 PAB | |
| Bachelor's Degree | +29% | 2,580 PAB |
| Master's Degree | +43% | 3,680 PAB |
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 Agronomist salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary is 1,990 PAB per month.
While someone with a Bachelor's Degree gets a salary of 2,580 PAB per month, 29% more than someone having a Certificate or Diploma degree.
People with Master's Degree have an average salary of 3,680 PAB per month, 43% more than someone with a Bachelor's Degree.
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 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.
Typical Salary Difference by Education for Most Careers
Salary and Compensation Comparison By Gender - Agronomist
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Agronomist employees in Panama earn 10% more than their female counterparts on average.
| Male | 2,770 PAB | |
| Female | -9% | 2,520 PAB |
Salary Comparison By Gender in Panama for all Careers
Agronomist Average Annual Salary Increment Percentage in Panama
How much are annual salary increments in Panama for Agronomist(s)? How often do employees get salary raises?
Agronomist
Agronomist(s) in Panama are likely to observe a salary increase of approximately 8% every 23 months. The national average annual increment for all professions combined is 7% granted to employees every 19 months.
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
Annual Increment Rate By Industry 2022
| 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 2022. 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
Salary Packages and Schemes
Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.
Agronomist Bonus and Incentive Rates in Panama
How much and how often are bonuses being awarded?
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"Agronomist" is considered to be a moderate bonus-based job. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
49% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 51% 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 | 51% | |
| No Bonus | 49% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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.
Agronomist Salary Trend and Forecast in Panama
How are Agronomist salaries changing over time? Listed below is a chart that shows the average salary in recent years.
| Average Salary 2019 | 2,430 PAB | |
| Average Salary 2020 | +3% | 2,500 PAB |
| Average Salary 2021 | +3% | 2,580 PAB |
| Average Salary 2022 | +1% | 2,620 PAB |
Agronomist salaries in Panama are on the rise in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 1% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.
Agronomist Average Hourly Wage in Panama
15 PAB per hourThe average hourly wage (pay per hour) in Panama is 15 PAB. This means that the average Agronomist in Panama earns approximately 15 PAB for every worked hour.
About The Hourly Pay Rate
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.
What is the minimum hourly rate of pay?
The minimum pay rate per hour for 'Agronomist' in Panama is 8 PAB. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.
Agronomist VS Other Jobs
The average salary for Agronomist is 110% more than that of Gardening / Farming / Fishing. Also, Gardening / Farming / Fishing salaries are 40% less than those of All Jobs.
Salary comparison with similar jobs
| Job Title | Average Salary |
| Agricultural and Food Science Technician | 1,230 PAB |  -54% |
| Agricultural and Food Scientist | 3,040 PAB |  +14% |
| Agricultural Consultant | 2,950 PAB | +11% |
| Agricultural Engineer | 1,860 PAB | -30% |
| Agricultural Inspector | 1,710 PAB | -36% |
| Agricultural Manager | 3,000 PAB | +12% |
| Agronomist | 2,670 PAB | +0% |
| Animal Attendant | 890 PAB | -67% |
| Animal Nutritionist | 1,790 PAB | -33% |
| Animal Trainer | 1,110 PAB | -58% |
| Aquaculture and Seafood Farmer | 1,040 PAB | -61% |
| Bee Keeper | 590 PAB | -78% |
| Commercial Horticulturist | 1,370 PAB | -49% |
| Diver | 920 PAB | -66% |
| Farm Manager | 2,430 PAB | -9% |
| Farmer | 670 PAB | -75% |
| Floral Designer | 770 PAB | -71% |
| Foreman | 530 PAB | -80% |
| Forestry and Logging Worker | 520 PAB | -81% |
| Garden Center Helper | 570 PAB | -79% |
| Garden Centre Manager | 1,510 PAB | -43% |
| Gardener | 580 PAB | -78% |
| General Farm Assistant | 590 PAB | -78% |
| Greenhouse Assistant | 550 PAB | -79% |
| Greenhouse Manager | 1,450 PAB | -46% |
| Groundsman | 570 PAB | -79% |
| Grower | 630 PAB | -76% |
| Horticultural Worker | 580 PAB | -78% |
| Tree Pruner | 570 PAB | -79% |
| Tree Specialist | 920 PAB | -66% |
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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for Agronomist in Panama?
A good and competitive compensation would range anywhere between 2,400 PAB and 2,720 PAB. This is a very rough estimate and your experience and education will play a very huge part into your final earnings.
Gross Salary (before tax) and Net Salary (after tax)
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salart after tax for every career.
Base / Basic Salary
The base salary for Agronomist in Panama is ranges from 2,000 PAB to 2,720 PAB. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range in a grain of salt.
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
