Average Material Tester Salary in Panama for 2024

In this article, we will look at the average Material Tester 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 Material Tester Make in Panama?

A Material Tester working in Panama will typically earn around 9,940 PAB per year, and this can range from the lowest average salary of about 5,040 PAB to the highest average salary of 17,860 PAB.

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

Lowest Annual Salary
5,040 PAB
Lowest Monthly Salary
420 PAB

Highest Annual Salary
17,860 PAB
Highest Monthly Salary
1,488 PAB

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

Material Tester 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 Material Tester Salaries in Panama

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

Salary ranges

We already know that a Material Tester can earn between 5,040 PAB and 17,860 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 Material Tester in Panama is 10,220 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 10,220 PAB, and 50% of the population earn more than 10,220 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 Material Tester salary in Panama, 25% of the population are earning less than 6,280 PAB while 75% of the population earn more than 6,280 PAB.

75% of the population earn less than 14,540 PAB, and 25% of the population earn more than 14,540 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.

Material Tester 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 material tester 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 Material Tester in Panama that has less than two years of experience can expect to earn somewhere in the region of 6,080 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Material Tester salary would increase to 9,360 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Material Tester, the average salary would be 13,060 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 14,200 PAB.
  • 15 - 20 Years Experience. A Material Tester with 15 to 20 years of experience can earn an average of 14,140 PAB.
  • 20+ Years Experience. For a Material Tester with more than 20 years, the expected average salary increases to 15,300 PAB.

Average Salary by Experience Chart

0-2 Years
6,080 PAB
2-5 Years +23%
9,360 PAB
5-10 Years +42%
13,060 PAB
10-15 Years +17%
14,200 PAB
15-20 Years +10%
14,140 PAB
20+ Years +6%
15,300 PAB

Material Tester 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 Material Tester 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 Material Tester in Panama with a high school education can earn an average salary of 9,360 PAB.

  • Certificate or Diploma. A Material Tester in Panama with a certificate or diploma education can earn an average salary of 11,040 PAB.

  • Bachelor's Degree. A Material Tester in Panama with a bachelor's degree education can earn an average salary of 18,780 PAB.

Average Salary by Education Chart

High School
9,360 PAB
Certificate or Diploma +40%
11,040 PAB
Bachelor's Degree +42%
18,780 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.

Material Tester 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 material tester will earn an average of 12,620 PAB, while a female material tester will earn around 12,840 PAB.

This means that a male material tester earns approximately 2% less than a female material tester for performing the same job.

Average Salary by Gender Chart in Panama

Male
12,620 PAB
Female +2%
12,840 PAB

Material Tester 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 Material Tester in Panama is around 7% 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 = ( 7 ÷ 21 ) × 12  = 4%

What this means is that a Material Tester 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%

Material Tester 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 Material Tester is a low bonus based job, with 24% of employees reporting at least one bonus in the last 12 months.

76% 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
24%
No Bonus
76%

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 Material Tester

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

Job Title Category Salary
Adjudicator Construction / Building / Installation 9,440 PAB
Assembler Construction / Building / Installation 5,960 PAB
Boat Builder and Shipwright Construction / Building / Installation 13,660 PAB
Bricklayer Construction / Building / Installation 6,080 PAB
Building Administrator Construction / Building / Installation 11,300 PAB
Building Contracts Manager Construction / Building / Installation 38,140 PAB
Building Inspector Construction / Building / Installation 9,460 PAB
Building Monitor Construction / Building / Installation 8,960 PAB
Building Sales Manager Construction / Building / Installation 34,160 PAB
Cabinetmaker Construction / Building / Installation 10,100 PAB
Carpenter Construction / Building / Installation 7,800 PAB
Civil Engineer Construction / Building / Installation 22,400 PAB
Civil Technician Construction / Building / Installation 12,620 PAB
Concreter Construction / Building / Installation 7,620 PAB
Construction and Building Inspector Construction / Building / Installation 9,140 PAB
Construction and Maintenance Manager Construction / Building / Installation 18,780 PAB
Construction Assistant Construction / Building / Installation 7,800 PAB
Construction Coordinator Construction / Building / Installation 12,620 PAB
Construction Estimator Construction / Building / Installation 13,100 PAB
Construction Field Engineer Construction / Building / Installation 20,520 PAB
Construction General Manager Construction / Building / Installation 45,060 PAB
Construction Inventory Officer Construction / Building / Installation 8,780 PAB
Construction Manager Construction / Building / Installation 40,640 PAB
Construction Operations Manager Construction / Building / Installation 36,700 PAB
Construction Project Controls Manager Construction / Building / Installation 31,080 PAB
Construction Project Coordinator Construction / Building / Installation 23,500 PAB
Construction Project Engineer Construction / Building / Installation 23,080 PAB
Construction Project Manager Construction / Building / Installation 42,400 PAB
Construction Project Manager Construction / Building / Installation 44,300 PAB
Construction Project Planner Construction / Building / Installation 19,940 PAB
Construction Quality Control Manager Construction / Building / Installation 29,160 PAB
Construction Safety Officer Construction / Building / Installation 12,580 PAB
Construction Superintendent Construction / Building / Installation 14,660 PAB
Construction Supervisor Construction / Building / Installation 22,540 PAB
Construction Technical Assistant Construction / Building / Installation 8,780 PAB
Construction Technical Officer Construction / Building / Installation 9,140 PAB
Construction Technical Writer Construction / Building / Installation 7,800 PAB
Construction Technician Construction / Building / Installation 8,960 PAB
Construction Worker Construction / Building / Installation 6,200 PAB
Crane and Tower Operator Construction / Building / Installation 8,420 PAB
Crane Operator Construction / Building / Installation 8,960 PAB
Diesel Mechanic Construction / Building / Installation 5,960 PAB
Draughtsman Construction / Building / Installation 7,620 PAB
Drywall Installer Construction / Building / Installation 9,360 PAB
Electrical Draftsman Construction / Building / Installation 8,780 PAB
Electrical Engineering Supervisor Construction / Building / Installation 25,940 PAB
Electrical Engineering Technician Construction / Building / Installation 9,460 PAB
Electrical Supervisor Construction / Building / Installation 16,720 PAB
Electrician Construction / Building / Installation 13,700 PAB
Elevator Installer and Repairer Construction / Building / Installation 9,740 PAB
Engineer Construction / Building / Installation 22,340 PAB
Excavator Operator Construction / Building / Installation 8,960 PAB
Field Inspector Construction / Building / Installation 14,840 PAB
Floor Finisher Construction / Building / Installation 8,560 PAB
Floor Manager Construction / Building / Installation 13,780 PAB
Foreman Construction / Building / Installation 5,520 PAB
Frame and Truss Detailer Construction / Building / Installation 6,200 PAB
Furniture Finisher Construction / Building / Installation 6,280 PAB
Gas Technician Construction / Building / Installation 7,300 PAB
Handyman Construction / Building / Installation 6,200 PAB
Health and Safety Coordinator Construction / Building / Installation 8,100 PAB
Health and Safety Officer Construction / Building / Installation 12,520 PAB
Installation Manager Construction / Building / Installation 28,720 PAB
Installer Construction / Building / Installation 5,520 PAB
Insulation Installer Construction / Building / Installation 6,280 PAB
Labourer Construction / Building / Installation 6,080 PAB
Land Surveyor Construction / Building / Installation 9,960 PAB
Lift Technician Construction / Building / Installation 7,300 PAB
Maintenance Foreman Construction / Building / Installation 8,440 PAB
Model Maker Construction / Building / Installation 13,660 PAB
Order Picker Construction / Building / Installation 7,040 PAB
Painter Construction / Building / Installation 7,040 PAB
Pipe Layer Construction / Building / Installation 8,440 PAB
Pipe Welder Construction / Building / Installation 5,200 PAB
Pipefitter Construction / Building / Installation 5,200 PAB
Plumber Construction / Building / Installation 10,100 PAB
Property Coordinator Construction / Building / Installation 18,940 PAB
Purchasing Manager Construction / Building / Installation 26,660 PAB
Quantity Estimator Construction / Building / Installation 13,100 PAB
Quantity Surveyor Construction / Building / Installation 17,100 PAB
Roof Slater and Tiler Construction / Building / Installation 6,200 PAB
Sheet Metal Mechanic Construction / Building / Installation 6,280 PAB
Sheet Metal Worker Construction / Building / Installation 5,200 PAB
Site Clerk Construction / Building / Installation 6,440 PAB
Site engineer Construction / Building / Installation 19,980 PAB
Site Leader Construction / Building / Installation 36,580 PAB
Stock Controller Construction / Building / Installation 10,988 PAB
Structural Steel Construction Worker Construction / Building / Installation 7,240 PAB
Technical Draughtsman Construction / Building / Installation 9,360 PAB
Tender Manager Construction / Building / Installation 31,980 PAB
Tendering Manager Construction / Building / Installation 32,960 PAB
Tower Crane Operator Construction / Building / Installation 8,960 PAB
Wall and Floor Tiler Construction / Building / Installation 7,620 PAB
Warehouse Manager Construction / Building / Installation 26,660 PAB
Welder Construction / Building / Installation 8,440 PAB
Welding Superintendent Construction / Building / Installation 7,800 PAB

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