Average Building Services Engineer Salary in Panama for 2024

In this article, we will look at the average Building Services Engineer 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 a Building Services Engineer Make in Panama?

A Building Services Engineer working in Panama will typically earn around 23,520 PAB per year, and this can range from the lowest average salary of about 10,220 PAB to the highest average salary of 32,420 PAB.

Average Annual Salary
23,520 PAB
Average Monthly Salary
1,960 PAB

Lowest Annual Salary
10,220 PAB
Lowest Monthly Salary
851 PAB

Highest Annual Salary
32,420 PAB
Highest Monthly Salary
2,701 PAB

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

Building Services Engineer 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 Building Services Engineer Salaries in Panama

So we've looked at the average salaries a Building Services Engineer will earn in Panama. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Building Services Engineer can earn between 10,220 PAB and 32,420 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 a Building Services Engineer in Panama is 23,520 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 23,520 PAB, and 50% of the population earn more than 23,520 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 Building Services Engineer salary in Panama, 25% of the population are earning less than 14,840 PAB while 75% of the population earn more than 14,840 PAB.

75% of the population earn less than 27,620 PAB, and 25% of the population earn more than 27,620 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.

Building Services Engineer 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 building services engineer 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. A Building Services Engineer in Panama that has less than two years of experience can expect to earn somewhere in the region of 13,780 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Building Services Engineer salary would increase to 18,780 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Building Services Engineer, the average salary would be 24,840 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 28,180 PAB.
  • 15 - 20 Years Experience. A Building Services Engineer with 15 to 20 years of experience can earn an average of 31,540 PAB.
  • 20+ Years Experience. For a Building Services Engineer with more than 20 years, the expected average salary increases to 32,200 PAB.

Average Salary by Experience Chart

0-2 Years
13,780 PAB
2-5 Years +32%
18,780 PAB
5-10 Years +34%
24,840 PAB
10-15 Years +19%
28,180 PAB
15-20 Years +8%
31,540 PAB
20+ Years +7%
32,200 PAB

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

  • Bachelor's Degree. A Building Services Engineer in Panama with a bachelor's degree education can earn an average salary of 20,300 PAB.

  • Master's Degree. A Building Services Engineer in Panama with a master's degree education can earn an average salary of 30,800 PAB.

Average Salary by Education Chart

Bachelor's Degree
20,300 PAB
Master's Degree +58%
30,800 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.

Building Services Engineer 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 building services engineer will earn an average of 23,400 PAB, while a female building services engineer will earn around 21,020 PAB.

This means that a male building services engineer earns approximately 11% more than a female building services engineer for performing the same job.

Average Salary by Gender Chart in Panama

Male
23,400 PAB
Female -11%
21,020 PAB

Building Services Engineer 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 a Building Services Engineer in Panama is around 8% every 21 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 = ( 8 ÷ 21 ) × 12  = 5%

What this means is that a Building Services Engineer in Panama can expect to receive an average pay raise of around 5% 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%

Building Services Engineer 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.

A Building Services Engineer is a moderate bonus based job, with 53% of employees reporting at least one bonus in the last 12 months.

47% 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 3% to 6%.

Received Bonus
53%
No Bonus
47%

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 a Building Services Engineer

In the table below, we have salary information for jobs that are similar to a Building Services Engineer in Panama.

Job Title Category Salary
Air Conditioning Technician Facilities / Maintenance / Repair 6,760 PAB
Assembly Supervisor Facilities / Maintenance / Repair 12,180 PAB
Assistant Contract Manager Facilities / Maintenance / Repair 25,720 PAB
Building and Grounds Supervisor Facilities / Maintenance / Repair 16,340 PAB
Building Control Officer Facilities / Maintenance / Repair 14,140 PAB
Building Engineer Facilities / Maintenance / Repair 21,980 PAB
Building Surveyor Facilities / Maintenance / Repair 13,560 PAB
Calibration Technician Facilities / Maintenance / Repair 8,420 PAB
Carpenter Facilities / Maintenance / Repair 7,800 PAB
Cemetery Manager Facilities / Maintenance / Repair 9,460 PAB
Chief Building Official Facilities / Maintenance / Repair 31,040 PAB
Clinical Facilities Planning Manager Facilities / Maintenance / Repair 34,280 PAB
Construction Laborer Facilities / Maintenance / Repair 5,200 PAB
Contracts Administrator Facilities / Maintenance / Repair 18,780 PAB
Contracts Manager Facilities / Maintenance / Repair 27,560 PAB
Facilities Coordinator Facilities / Maintenance / Repair 17,260 PAB
Facilities Director Facilities / Maintenance / Repair 34,380 PAB
Facilities Engineer Facilities / Maintenance / Repair 21,980 PAB
Facilities Maintenance Manager Facilities / Maintenance / Repair 34,980 PAB
Facilities Maintenance Supervisor Facilities / Maintenance / Repair 23,660 PAB
Facilities Manager Facilities / Maintenance / Repair 30,700 PAB
Field Service Manager Facilities / Maintenance / Repair 28,680 PAB
Field Service Technician Facilities / Maintenance / Repair 6,080 PAB
Fire Alarm System Installer Facilities / Maintenance / Repair 12,300 PAB
Glazier Facilities / Maintenance / Repair 5,200 PAB
HVAC Mechanic Facilities / Maintenance / Repair 8,440 PAB
HVAC Technician Facilities / Maintenance / Repair 6,200 PAB
Laborer Facilities / Maintenance / Repair 6,760 PAB
Maintenance Fitter Facilities / Maintenance / Repair 6,200 PAB
Maintenance Mechanic Facilities / Maintenance / Repair 6,080 PAB
Maintenance Officer Facilities / Maintenance / Repair 7,620 PAB
Maintenance Planner Facilities / Maintenance / Repair 9,740 PAB
Maintenance Supervisor Facilities / Maintenance / Repair 11,040 PAB
Maintenance Worker Facilities / Maintenance / Repair 5,520 PAB
Mechanic Facilities / Maintenance / Repair 6,760 PAB
Plant Engineer Facilities / Maintenance / Repair 19,480 PAB
Property Administration Officer Facilities / Maintenance / Repair 13,900 PAB
Service Engineer Facilities / Maintenance / Repair 21,380 PAB
Service Operations Manager Facilities / Maintenance / Repair 32,620 PAB
Technician Facilities / Maintenance / Repair 5,520 PAB
Tool Technician Facilities / Maintenance / Repair 6,080 PAB

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