Average Conservation Scientist Salary in Panama for 2024

In this article, we will look at the average Conservation Scientist 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 Conservation Scientist Make in Panama?

A Conservation Scientist working in Panama will typically earn around 45,060 PAB per year, and this can range from the lowest average salary of about 21,560 PAB to the highest average salary of 69,240 PAB.

Average Annual Salary
45,060 PAB
Average Monthly Salary
3,755 PAB

Lowest Annual Salary
21,560 PAB
Lowest Monthly Salary
1,796 PAB

Highest Annual Salary
69,240 PAB
Highest Monthly Salary
5,770 PAB

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

Conservation Scientist 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 Conservation Scientist Salaries in Panama

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

Salary ranges

We already know that a Conservation Scientist can earn between 21,560 PAB and 69,240 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 Conservation Scientist in Panama is 44,720 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 44,720 PAB, and 50% of the population earn more than 44,720 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 Conservation Scientist salary in Panama, 25% of the population are earning less than 31,540 PAB while 75% of the population earn more than 31,540 PAB.

75% of the population earn less than 56,460 PAB, and 25% of the population earn more than 56,460 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.

Conservation Scientist 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 conservation scientist 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 Conservation Scientist in Panama that has less than two years of experience can expect to earn somewhere in the region of 27,020 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Conservation Scientist salary would increase to 31,520 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Conservation Scientist, the average salary would be 46,280 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 54,280 PAB.
  • 15 - 20 Years Experience. A Conservation Scientist with 15 to 20 years of experience can earn an average of 59,940 PAB.
  • 20+ Years Experience. For a Conservation Scientist with more than 20 years, the expected average salary increases to 64,300 PAB.

Average Salary by Experience Chart

0-2 Years
27,020 PAB
2-5 Years +29%
31,520 PAB
5-10 Years +38%
46,280 PAB
10-15 Years +24%
54,280 PAB
15-20 Years +7%
59,940 PAB
20+ Years +7%
64,300 PAB

Conservation Scientist 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 Conservation Scientist 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 Conservation Scientist in Panama with a bachelor's degree education can earn an average salary of 28,860 PAB.

  • Master's Degree. A Conservation Scientist in Panama with a master's degree education can earn an average salary of 42,320 PAB.

  • PhD. A Conservation Scientist in Panama with a phd education can earn an average salary of 66,680 PAB.

Average Salary by Education Chart

Bachelor's Degree
28,860 PAB
Master's Degree +38%
42,320 PAB
PhD +64%
66,680 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.

Conservation Scientist 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 conservation scientist will earn an average of 46,400 PAB, while a female conservation scientist will earn around 40,640 PAB.

This means that a male conservation scientist earns approximately 14% more than a female conservation scientist for performing the same job.

Average Salary by Gender Chart in Panama

Male
46,400 PAB
Female -14%
40,640 PAB

Conservation Scientist 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 Conservation Scientist in Panama is around 11% every 20 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 = ( 11 ÷ 20 ) × 12  = 7%

What this means is that a Conservation Scientist in Panama can expect to receive an average pay raise of around 7% 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%

Conservation Scientist 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 Conservation Scientist is a moderate bonus based job, with 56% of employees reporting at least one bonus in the last 12 months.

44% 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
56%
No Bonus
44%

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 Conservation Scientist

In the table below, we have salary information for jobs that are similar to a Conservation Scientist in Panama.

Job Title Category Salary
3D Lab Technologist Science and Technical Services 25,220 PAB
Algorithm Developer Science and Technical Services 32,200 PAB
Analytical Chemist Science and Technical Services 47,540 PAB
Anthropologist Science and Technical Services 36,940 PAB
Archeologist Science and Technical Services 28,680 PAB
Assistant Breeder Science and Technical Services 17,020 PAB
Astronomer Science and Technical Services 53,860 PAB
Atmospheric and Space Scientist Science and Technical Services 42,960 PAB
Behavior Analyst Science and Technical Services 31,080 PAB
Behavior Intervention Specialist Science and Technical Services 31,520 PAB
Behavior Specialist Science and Technical Services 34,080 PAB
Biochemist Science and Technical Services 53,380 PAB
Biofuels Processing Technician Science and Technical Services 19,380 PAB
Biofuels Production Manager Science and Technical Services 35,300 PAB
Biologist Science and Technical Services 53,860 PAB
Biomedical Laboratory Officer Science and Technical Services 21,020 PAB
Biomedical Scientist Science and Technical Services 56,140 PAB
Biophysicist Science and Technical Services 53,120 PAB
Chemical Engineer Science and Technical Services 24,860 PAB
Chemical Technologist Science and Technical Services 23,140 PAB
Chemist Science and Technical Services 48,160 PAB
Chief Technologist Science and Technical Services 46,720 PAB
Climate Change Analyst Science and Technical Services 31,980 PAB
Clinical Laboratory Scientist Science and Technical Services 50,340 PAB
Computer Scientist Science and Technical Services 40,420 PAB
Data Science Specialist Science and Technical Services 32,620 PAB
Data Scientist Science and Technical Services 40,420 PAB
DNA Analyst Science and Technical Services 50,620 PAB
Ecologist Science and Technical Services 38,620 PAB
Economic Development Specialist Science and Technical Services 39,960 PAB
Flavourist Science and Technical Services 15,380 PAB
Food Scientist Science and Technical Services 32,900 PAB
Forensic Scientist Science and Technical Services 44,180 PAB
Formulation Technologist Science and Technical Services 21,380 PAB
Fraud Investigator Science and Technical Services 25,220 PAB
Genomics Scientist Science and Technical Services 50,080 PAB
Geographer Science and Technical Services 27,560 PAB
Geographic Information Systems Technician Science and Technical Services 19,200 PAB
Geological Data Technician Science and Technical Services 16,980 PAB
Geological Technician Science and Technical Services 23,400 PAB
Geologist Science and Technical Services 46,400 PAB
Geomatics Scientist Science and Technical Services 41,820 PAB
Geophysical Data Technician Science and Technical Services 17,540 PAB
Geospatial Information Scientist and Technologist Science and Technical Services 40,560 PAB
Global Technical Lead Science and Technical Services 56,100 PAB
Hydrologist Science and Technical Services 35,560 PAB
Industrial Ecologist Science and Technical Services 38,260 PAB
Intelligence Analyst Science and Technical Services 31,340 PAB
Knowledge Management Specialist Science and Technical Services 25,680 PAB
Lab Analyst Science and Technical Services 19,940 PAB
Lab Manager Science and Technical Services 37,200 PAB
Lab Technician Science and Technical Services 16,400 PAB
Laboratory Manager Science and Technical Services 36,800 PAB
Laboratory Researcher Science and Technical Services 23,080 PAB
Laboratory Technician Science and Technical Services 17,620 PAB
Life Sciences Analyst Science and Technical Services 36,800 PAB
Life Scientist Science and Technical Services 38,700 PAB
Marine Architect Science and Technical Services 31,940 PAB
Marine Biologist Science and Technical Services 37,740 PAB
Marine Superintendent Science and Technical Services 21,020 PAB
Materials Analyst Science and Technical Services 23,380 PAB
Materials Scientist Science and Technical Services 42,040 PAB
Mathematician Science and Technical Services 42,400 PAB
Medical Scientist Science and Technical Services 53,660 PAB
Metallurgist Science and Technical Services 39,080 PAB
Meteorologist Science and Technical Services 37,380 PAB
Microbiologist Science and Technical Services 52,820 PAB
Natural Language Processing Researcher Science and Technical Services 35,500 PAB
Natural Resource Specialist Science and Technical Services 31,540 PAB
Natural Resources Analyst Science and Technical Services 29,160 PAB
Natural Sciences Manager Science and Technical Services 52,540 PAB
Nuclear Engineer Science and Technical Services 57,620 PAB
Physical Scientist Science and Technical Services 43,340 PAB
Physicist Science and Technical Services 51,340 PAB
Political Scientist Science and Technical Services 42,320 PAB
Polygraph Examiner Science and Technical Services 14,200 PAB
Polysomnographic Technologist Science and Technical Services 23,660 PAB
Product Development Scientist Science and Technical Services 41,180 PAB
Quantitative Research Analyst Science and Technical Services 34,540 PAB
Quantitative Researcher Science and Technical Services 37,620 PAB
Radiation Protection Specialist Science and Technical Services 28,720 PAB
Refrigeration Technician Science and Technical Services 12,120 PAB
Research Scientist Science and Technical Services 38,060 PAB
Risk Safety Engineer Science and Technical Services 22,660 PAB
Scientific Photographer Science and Technical Services 24,840 PAB
Scientific Programmer Science and Technical Services 31,960 PAB
Scientist Science and Technical Services 36,800 PAB
Service Engineer Science and Technical Services 23,400 PAB
Service Technician Science and Technical Services 15,760 PAB
Social Science Research Assistant Science and Technical Services 20,760 PAB
Social Scientist Science and Technical Services 42,040 PAB
Sociologist Science and Technical Services 37,380 PAB
Soil Scientist Science and Technical Services 35,560 PAB
Statistical Analyst Science and Technical Services 22,540 PAB
Statistical Assistant Science and Technical Services 15,920 PAB
Statistician Science and Technical Services 37,200 PAB
Survey Analyst Science and Technical Services 23,500 PAB
Survey Researcher Science and Technical Services 21,400 PAB
Surveying and Mapping Technician Science and Technical Services 12,620 PAB
Team Leader Science and Technical Services 31,380 PAB
Technical Manager Science and Technical Services 38,180 PAB
Technical Officer Science and Technical Services 15,760 PAB
Technical Service Director Science and Technical Services 49,300 PAB
Technical Services Regulatory Affairs Specialist Science and Technical Services 23,660 PAB
Technical Services Research and Development Manager Science and Technical Services 55,580 PAB
Technical Services Research Associate Science and Technical Services 26,020 PAB
Technical Services Research Coordinator Science and Technical Services 27,300 PAB
Technician Science and Technical Services 17,260 PAB
Water Ecologist Science and Technical Services 43,760 PAB
Wildlife Biologist Science and Technical Services 37,740 PAB

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