Average Field Service Technician Salary in Panama for 2024

In this article, we will look at the average Field Service 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 a Field Service Technician Make in Panama?

A Field Service Technician working in Panama will typically earn around 7,800 PAB per year, and this can range from the lowest average salary of about 5,780 PAB to the highest average salary of 12,000 PAB.

Average Annual Salary
7,800 PAB
Average Monthly Salary
650 PAB

Lowest Annual Salary
5,780 PAB
Lowest Monthly Salary
481 PAB

Highest Annual Salary
12,000 PAB
Highest Monthly Salary
1,000 PAB

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

Field Service 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 Field Service Technician Salaries in Panama

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

Salary ranges

We already know that a Field Service Technician can earn between 5,780 PAB and 12,000 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 Field Service Technician in Panama is 7,240 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 7,240 PAB, and 50% of the population earn more than 7,240 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 Field Service Technician salary in Panama, 25% of the population are earning less than 5,400 PAB while 75% of the population earn more than 5,400 PAB.

75% of the population earn less than 12,300 PAB, and 25% of the population earn more than 12,300 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.

Field Service 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 field service 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. A Field Service Technician in Panama that has less than two years of experience can expect to earn somewhere in the region of 6,480 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Field Service Technician salary would increase to 6,200 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Field Service Technician, the average salary would be 8,560 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 10,080 PAB.
  • 15 - 20 Years Experience. A Field Service Technician with 15 to 20 years of experience can earn an average of 13,060 PAB.
  • 20+ Years Experience. For a Field Service Technician with more than 20 years, the expected average salary increases to 11,360 PAB.

Average Salary by Experience Chart

0-2 Years
6,480 PAB
2-5 Years +34%
6,200 PAB
5-10 Years +30%
8,560 PAB
10-15 Years +21%
10,080 PAB
15-20 Years +9%
13,060 PAB
20+ Years +5%
11,360 PAB

Field Service 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 a Field Service 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.

  • High School. A Field Service Technician in Panama with a high school education can earn an average salary of 6,960 PAB.

  • Certificate or Diploma. A Field Service Technician in Panama with a certificate or diploma education can earn an average salary of 10,320 PAB.

  • Bachelor's Degree. A Field Service Technician in Panama with a bachelor's degree education can earn an average salary of 13,700 PAB.

Average Salary by Education Chart

High School
6,960 PAB
Certificate or Diploma +43%
10,320 PAB
Bachelor's Degree +38%
13,700 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.

Field Service 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 field service technician will earn an average of 10,380 PAB, while a female field service technician will earn around 9,360 PAB.

This means that a male field service technician earns approximately 11% more than a female field service technician for performing the same job.

Average Salary by Gender Chart in Panama

Male
10,380 PAB
Female -11%
9,360 PAB

Field Service 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 a Field Service Technician in Panama is around 7% 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 = ( 7 ÷ 20 ) × 12  = 4%

What this means is that a Field Service Technician in Panama can expect to receive an average pay raise of around 4% 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%

Field Service 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.

A Field Service Technician is a low bonus based job, with 25% of employees reporting at least one bonus in the last 12 months.

75% 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 1% to 3%.

Received Bonus
25%
No Bonus
75%

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 Field Service Technician

In the table below, we have salary information for jobs that are similar to a Field Service Technician in Panama.

Job Title Category Salary
Cable Installer and Locator Electrical and Electronics Trades 7,620 PAB
Cable Technician Electrical and Electronics Trades 5,520 PAB
Digital Design Engineer Electrical and Electronics Trades 24,280 PAB
Electrical Designer Electrical and Electronics Trades 22,540 PAB
Electrical Drafter Electrical and Electronics Trades 10,000 PAB
Electrical Engineering Manager Electrical and Electronics Trades 34,160 PAB
Electrical Maintenance Manager Electrical and Electronics Trades 34,540 PAB
Electrical Planner Electrical and Electronics Trades 16,980 PAB
Electrical Sales Engineer Electrical and Electronics Trades 21,980 PAB
Electrical Sales Representative Electrical and Electronics Trades 13,560 PAB
Electrical Service Technician Electrical and Electronics Trades 6,280 PAB
Electrical Technician Electrical and Electronics Trades 10,000 PAB
Electrical Worker Electrical and Electronics Trades 9,020 PAB
Electrician Electrical and Electronics Trades 12,520 PAB
Electromechanical Technician Electrical and Electronics Trades 10,980 PAB
Electronic Assembler Electrical and Electronics Trades 12,840 PAB
Electronic Drafter Electrical and Electronics Trades 9,440 PAB
Electronic Engineer Electrical and Electronics Trades 24,800 PAB
Electronic Service Engineer Electrical and Electronics Trades 23,660 PAB
Electronics Engineer Electrical and Electronics Trades 24,840 PAB
Electronics Instructor Electrical and Electronics Trades 22,420 PAB
Electronics Technician Electrical and Electronics Trades 12,520 PAB
Field Service Engineer Electrical and Electronics Trades 23,080 PAB
Hydroelectric Plant Technician Electrical and Electronics Trades 12,020 PAB
Hydroelectric Production Manager Electrical and Electronics Trades 31,180 PAB
Instrumentation Technician Electrical and Electronics Trades 8,100 PAB
Journeyman Electrician Electrical and Electronics Trades 12,300 PAB
Maintenance Electrician Electrical and Electronics Trades 8,960 PAB
Mechatronics Technician Electrical and Electronics Trades 10,980 PAB
Power Equipment Mechanic Electrical and Electronics Trades 10,320 PAB
Power Line Technician Electrical and Electronics Trades 8,960 PAB
Refrigeration and Airconditioning Mechanic Electrical and Electronics Trades 12,520 PAB
Security Service Engineer Electrical and Electronics Trades 22,340 PAB
Technical Manager Electrical and Electronics Trades 31,040 PAB
Turbine Fitter Electrical and Electronics Trades 8,440 PAB
Warehouse Attendant Electrical and Electronics Trades 6,080 PAB
Warehouse Manager Electrical and Electronics Trades 28,860 PAB
Watch Repairer Electrical and Electronics Trades 8,960 PAB

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