Average Aviation Technician Salary in Panama for 2024

In this article, we will look at the average Aviation Technician salary for 2024 in Panama 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 Panamanian balboa. To keep things simple, we are using the PAB currency code instead of the currency symbol B/..

How Much Does an Aviation Technician Make in Panama?

An Aviation Technician working in Panama will typically earn around 9,940 PAB per year, and this can range from the lowest average salary of about 6,480 PAB to the highest average salary of 16,980 PAB.

Average Annual Salary
9,940 PAB
Average Monthly Salary
828 PAB

Lowest Annual Salary
6,480 PAB
Lowest Monthly Salary
540 PAB

Highest Annual Salary
16,980 PAB
Highest Monthly Salary
1,415 PAB

These are average salaries for an Aviation Technician in Panama and include benefits such as housing and transport. It's also possible for an Aviation Technician to earn more or less than the average salaries shown above.

Aviation Technician 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 Aviation Technician Salaries in Panama

So we've looked at the average salaries an Aviation Technician will earn in Panama. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Aviation Technician can earn between 6,480 PAB and 16,980 PAB on average in Panama. 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 Aviation Technician in Panama is 10,980 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 10,980 PAB, and 50% of the population earn more than 10,980 PAB.

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 Aviation Technician salary in Panama, 25% of the population are earning less than 6,440 PAB while 75% of the population earn more than 6,440 PAB.

75% of the population earn less than 15,380 PAB, and 25% of the population earn more than 15,380 PAB.

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.

Aviation Technician Salary by Experience Level in Panama

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 aviation technician 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 Aviation Technician in Panama that has less than two years of experience can expect to earn somewhere in the region of 5,400 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Aviation Technician salary would increase to 6,440 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as an Aviation Technician, the average salary would be 12,200 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 14,920 PAB.
  • 15 - 20 Years Experience. An Aviation Technician with 15 to 20 years of experience can earn an average of 14,140 PAB.
  • 20+ Years Experience. For an Aviation Technician with more than 20 years, the expected average salary increases to 17,560 PAB.

Average Salary by Experience Chart

0-2 Years
5,400 PAB
2-5 Years +34%
6,440 PAB
5-10 Years +48%
12,200 PAB
10-15 Years +22%
14,920 PAB
15-20 Years +9%
14,140 PAB
20+ Years +8%
17,560 PAB

Aviation Technician Salary by Education Level in Panama

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 Aviation Technician in Panama based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Aviation Technician in Panama with a certificate or diploma education can earn an average salary of 6,080 PAB.

  • Bachelor's Degree. An Aviation Technician in Panama with a bachelor's degree education can earn an average salary of 13,960 PAB.

Average Salary by Education Chart

Certificate or Diploma
6,080 PAB
Bachelor's Degree +93%
13,960 PAB

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 Panama is around 10,600 to 31,800 PAB 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.

Aviation Technician 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 Panama, a male aviation technician will earn an average of 11,040 PAB, while a female aviation technician will earn around 10,220 PAB.

This means that a male aviation technician earns approximately 8% more than a female aviation technician for performing the same job.

Average Salary by Gender Chart in Panama

Male
11,040 PAB
Female -8%
10,220 PAB

Aviation Technician Average Pay Raise in Panama

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 Aviation Technician in Panama is around 9% every 18 months.

The national average pay raise across all professions and industries in Panama is around 7% every 19 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 = ( 9 ÷ 18 ) × 12  = 6%

What this means is that an Aviation Technician in Panama can expect to receive an average pay raise of around 6% every 12 months.

Annual Pay Raise by Industry in Panama for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Panama.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

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

Aviation Technician Bonus and Incentive Rates in Panama

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 Aviation Technician is a low bonus based job, with 31% of employees reporting at least one bonus in the last 12 months.

69% 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 0% to 4%.

Received Bonus
31%
No Bonus
69%

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 Panama earn approximately 4% more than private sector employees in the same role.

Public Sector
27,040 PAB
Private Sector -4%
26,020 PAB

Salaries for Jobs Similar to an Aviation Technician

In the table below, we have salary information for jobs that are similar to an Aviation Technician in Panama.

Job Title Category Salary
Aeronautical Engineer Airlines / Aviation / Aerospace / Defense 24,200 PAB
Aerospace Engineer Airlines / Aviation / Aerospace / Defense 32,200 PAB
Aerospace Technician Airlines / Aviation / Aerospace / Defense 25,940 PAB
Air Crew Member Airlines / Aviation / Aerospace / Defense 17,100 PAB
Air Crew Officer Airlines / Aviation / Aerospace / Defense 16,400 PAB
Air Traffic Assistant Airlines / Aviation / Aerospace / Defense 14,920 PAB
Air Traffic Controller Airlines / Aviation / Aerospace / Defense 27,300 PAB
Aircraft Assembler Airlines / Aviation / Aerospace / Defense 13,700 PAB
Aircraft Body Repairer Airlines / Aviation / Aerospace / Defense 12,200 PAB
Aircraft Captain Airlines / Aviation / Aerospace / Defense 40,040 PAB
Aircraft Electrician Airlines / Aviation / Aerospace / Defense 12,580 PAB
Aircraft Electronics Techician Airlines / Aviation / Aerospace / Defense 14,620 PAB
Aircraft Engineer Airlines / Aviation / Aerospace / Defense 29,040 PAB
Aircraft Fueler Airlines / Aviation / Aerospace / Defense 9,940 PAB
Aircraft Maintenance Engineer Airlines / Aviation / Aerospace / Defense 23,080 PAB
Aircraft Maintenance Manager Airlines / Aviation / Aerospace / Defense 39,800 PAB
Aircraft Maintenance Supervisor Airlines / Aviation / Aerospace / Defense 26,660 PAB
Aircraft Maintenance Technician Airlines / Aviation / Aerospace / Defense 13,060 PAB
Aircraft Mechanic Airlines / Aviation / Aerospace / Defense 13,780 PAB
Aircraft Pilot Airlines / Aviation / Aerospace / Defense 43,260 PAB
Aircraft Pneudraulics Repairer Airlines / Aviation / Aerospace / Defense 11,040 PAB
Aircraft Quality Assurance Airlines / Aviation / Aerospace / Defense 34,120 PAB
Aircraft Rigging Assembler Airlines / Aviation / Aerospace / Defense 12,120 PAB
Aircraft Service Technician Airlines / Aviation / Aerospace / Defense 12,520 PAB
Airfield Management Specialist Airlines / Aviation / Aerospace / Defense 38,340 PAB
Airfield Operations Specialist Airlines / Aviation / Aerospace / Defense 30,840 PAB
Airline Cabin Crew Airlines / Aviation / Aerospace / Defense 27,040 PAB
Airline Copilot Airlines / Aviation / Aerospace / Defense 28,820 PAB
Airline Pilot Airlines / Aviation / Aerospace / Defense 44,720 PAB
Airlines Sales Director Airlines / Aviation / Aerospace / Defense 48,920 PAB
Airlines Sales Manager Airlines / Aviation / Aerospace / Defense 46,040 PAB
Airlines Structural Assembler Airlines / Aviation / Aerospace / Defense 10,220 PAB
Airport Services Agent Airlines / Aviation / Aerospace / Defense 17,560 PAB
Airport Services Manager Airlines / Aviation / Aerospace / Defense 50,580 PAB
Airport Services Supervisor Airlines / Aviation / Aerospace / Defense 27,560 PAB
Assistant Aircraft Mechanic Airlines / Aviation / Aerospace / Defense 12,300 PAB
Aviation Analyst Airlines / Aviation / Aerospace / Defense 35,300 PAB
Aviation Inspector Airlines / Aviation / Aerospace / Defense 31,540 PAB
Aviation Manager Airlines / Aviation / Aerospace / Defense 50,540 PAB
Aviation Operations Controller Airlines / Aviation / Aerospace / Defense 30,800 PAB
Aviation Resources Manager Airlines / Aviation / Aerospace / Defense 45,560 PAB
Aviation Safety Assistant Airlines / Aviation / Aerospace / Defense 12,580 PAB
Aviation Safety Manager Airlines / Aviation / Aerospace / Defense 49,560 PAB
Aviation Safety Officer Airlines / Aviation / Aerospace / Defense 25,160 PAB
Cargo and Freight Agent Airlines / Aviation / Aerospace / Defense 12,300 PAB
Cargo Executive Airlines / Aviation / Aerospace / Defense 21,980 PAB
Chief Pilot Airlines / Aviation / Aerospace / Defense 46,400 PAB
First Officer Airlines / Aviation / Aerospace / Defense 19,220 PAB
Fleet Controller Airlines / Aviation / Aerospace / Defense 41,560 PAB
Fleet Management Officer Airlines / Aviation / Aerospace / Defense 17,860 PAB
Flight Attendant Airlines / Aviation / Aerospace / Defense 15,380 PAB
Flight Planner Airlines / Aviation / Aerospace / Defense 22,540 PAB
Flight Scheduler Airlines / Aviation / Aerospace / Defense 23,520 PAB
Flight Simulation Engineer Airlines / Aviation / Aerospace / Defense 22,400 PAB
Freight and Cargo Inspector Airlines / Aviation / Aerospace / Defense 19,200 PAB
Helicopter Pilot Airlines / Aviation / Aerospace / Defense 26,400 PAB
Loading Bridge Operator Airlines / Aviation / Aerospace / Defense 12,840 PAB
Pilot Airlines / Aviation / Aerospace / Defense 44,800 PAB
Ramp Agent Airlines / Aviation / Aerospace / Defense 9,940 PAB
Reservations Sales Agent Airlines / Aviation / Aerospace / Defense 12,580 PAB
Safety and Quality Specialist Airlines / Aviation / Aerospace / Defense 27,380 PAB
Test Pilot Airlines / Aviation / Aerospace / Defense 33,120 PAB

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