Average Legal Services Manager Salary in Panama for 2024

In this article, we will look at the average Legal Services Manager 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 Legal Services Manager Make in Panama?

A Legal Services Manager working in Panama will typically earn around 51,900 PAB per year, and this can range from the lowest average salary of about 24,860 PAB to the highest average salary of 85,460 PAB.

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

Legal Services Manager 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 Legal Services Manager Salaries in Panama

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

Salary ranges

We already know that a Legal Services Manager can earn between 24,860 PAB and 85,460 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 Legal Services Manager in Panama is 56,140 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 56,140 PAB, and 50% of the population earn more than 56,140 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 Legal Services Manager salary in Panama, 25% of the population are earning less than 38,180 PAB while 75% of the population earn more than 38,180 PAB.

75% of the population earn less than 73,260 PAB, and 25% of the population earn more than 73,260 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.

Legal Services Manager 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 legal services manager 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 Legal Services Manager in Panama that has less than two years of experience can expect to earn somewhere in the region of 30,700 PAB.
• 2 - 5 Years Experience. With two to five years of experience the average Legal Services Manager salary would increase to 44,180 PAB.
• 5 - 10 Years Experience. From five to ten years of experience as a Legal Services Manager, the average salary would be 54,500 PAB.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 66,840 PAB.
• 15 - 20 Years Experience. A Legal Services Manager with 15 to 20 years of experience can earn an average of 72,260 PAB.
• 20+ Years Experience. For a Legal Services Manager with more than 20 years, the expected average salary increases to 78,120 PAB.

Average Salary by Experience Chart

Legal Services Manager 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 Legal Services Manager 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 Legal Services Manager in Panama with a bachelor's degree education can earn an average salary of 45,260 PAB.

• Master's Degree. A Legal Services Manager in Panama with a master's degree education can earn an average salary of 69,240 PAB.

Average Salary by Education Chart

Legal Services Manager 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 legal services manager will earn an average of 57,360 PAB, while a female legal services manager will earn around 50,180 PAB.

This means that a male legal services manager earns approximately 14% more than a female legal services manager for performing the same job.

Average Salary by Gender Chart in Panama

Legal Services Manager 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 Legal Services Manager in Panama is around 11% every 19 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 ÷ 19 ) × 12  = 7%

What this means is that a Legal Services Manager 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.

Legal Services Manager 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 Legal Services Manager is a high bonus based job, with 83% of employees reporting at least one bonus in the last 12 months.

17% 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 5% to 9%.

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.

Salaries for Jobs Similar to a Legal Services Manager

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

Link To or Reference This Page

We spend a lot of time collecting, cleaning, merging, and formatting the data that is shown on the site to be as useful to you as possible.

If you found the data or information on this page useful in your research, please use the tool below to properly cite or reference World Salaries as the source. We appreciate your support!