Average Parole Officer Salary in Panama for 2024

In this article, we will look at the average Parole Officer 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 Parole Officer Make in Panama?

A Parole Officer working in Panama will typically earn around 13,960 PAB per year, and this can range from the lowest average salary of about 6,080 PAB to the highest average salary of 21,380 PAB.

Average Annual Salary
13,960 PAB
Average Monthly Salary
1,163 PAB

Lowest Annual Salary
6,080 PAB
Lowest Monthly Salary
506 PAB

Highest Annual Salary
21,380 PAB
Highest Monthly Salary
1,781 PAB

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

Parole Officer 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 Parole Officer Salaries in Panama

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

Salary ranges

We already know that a Parole Officer can earn between 6,080 PAB and 21,380 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 Parole Officer in Panama is 13,780 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 13,780 PAB, and 50% of the population earn more than 13,780 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 Parole Officer salary in Panama, 25% of the population are earning less than 10,320 PAB while 75% of the population earn more than 10,320 PAB.

75% of the population earn less than 17,620 PAB, and 25% of the population earn more than 17,620 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.

Parole Officer 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 parole officer 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 Parole Officer in Panama that has less than two years of experience can expect to earn somewhere in the region of 6,440 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Parole Officer salary would increase to 12,300 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Parole Officer, the average salary would be 12,240 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 16,340 PAB.
  • 15 - 20 Years Experience. A Parole Officer with 15 to 20 years of experience can earn an average of 20,300 PAB.
  • 20+ Years Experience. For a Parole Officer with more than 20 years, the expected average salary increases to 19,860 PAB.

Average Salary by Experience Chart

0-2 Years
6,440 PAB
2-5 Years +34%
12,300 PAB
5-10 Years +30%
12,240 PAB
10-15 Years +21%
16,340 PAB
15-20 Years +9%
20,300 PAB
20+ Years +5%
19,860 PAB

Parole Officer 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 Parole Officer 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 Parole Officer in Panama with a high school education can earn an average salary of 8,100 PAB.

  • Certificate or Diploma. A Parole Officer in Panama with a certificate or diploma education can earn an average salary of 11,880 PAB.

  • Bachelor's Degree. A Parole Officer in Panama with a bachelor's degree education can earn an average salary of 19,360 PAB.

Average Salary by Education Chart

High School
8,100 PAB
Certificate or Diploma +43%
11,880 PAB
Bachelor's Degree +38%
19,360 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.

Parole Officer 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 parole officer will earn an average of 12,580 PAB, while a female parole officer will earn around 13,900 PAB.

This means that a male parole officer earns approximately 9% less than a female parole officer for performing the same job.

Average Salary by Gender Chart in Panama

Male
12,580 PAB
Female +9%
13,900 PAB

Parole Officer 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 Parole Officer 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 Parole Officer 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%

Parole Officer 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 Parole Officer 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 Parole Officer

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

Job Title Category Salary
Accreditation Coordinator Law Enforcement / Security / Fire 21,020 PAB
Accreditation Manager Law Enforcement / Security / Fire 28,900 PAB
Advocate Law Enforcement / Security / Fire 17,740 PAB
Armed Security Officer Law Enforcement / Security / Fire 19,220 PAB
Company Guard Law Enforcement / Security / Fire 10,320 PAB
Control Room Operator Law Enforcement / Security / Fire 7,300 PAB
Correctional Officer Law Enforcement / Security / Fire 14,200 PAB
Criminal Investigator Law Enforcement / Security / Fire 29,840 PAB
Facility Monitor Law Enforcement / Security / Fire 13,100 PAB
Fire Chief Law Enforcement / Security / Fire 26,400 PAB
Fire Dispatcher Law Enforcement / Security / Fire 14,540 PAB
Fire Education Specialist Law Enforcement / Security / Fire 23,400 PAB
Fire Extinguisher Technician Law Enforcement / Security / Fire 9,360 PAB
Fire Fighter Law Enforcement / Security / Fire 14,200 PAB
Fire Inspector Law Enforcement / Security / Fire 23,360 PAB
Fire Investigator Law Enforcement / Security / Fire 25,440 PAB
Fire Prevention Engineer Law Enforcement / Security / Fire 22,660 PAB
Fire Prevention Officer Law Enforcement / Security / Fire 19,360 PAB
Fire Protection Specialist Law Enforcement / Security / Fire 20,460 PAB
Forensic Investigator Law Enforcement / Security / Fire 23,660 PAB
Forensic Science Technician Law Enforcement / Security / Fire 27,300 PAB
Fraud and Forensic Specialist Law Enforcement / Security / Fire 27,300 PAB
Fraud Examiner Law Enforcement / Security / Fire 30,840 PAB
Grants Specialist Law Enforcement / Security / Fire 31,660 PAB
Intellectual Property Associate Law Enforcement / Security / Fire 22,340 PAB
Intelligence Research Specialist Law Enforcement / Security / Fire 36,700 PAB
Investigator Law Enforcement / Security / Fire 25,660 PAB
Jail Officer Law Enforcement / Security / Fire 10,220 PAB
Juvenile Probation Officer Law Enforcement / Security / Fire 19,020 PAB
Juvenile Supervision Officer Law Enforcement / Security / Fire 20,120 PAB
Lock-Smith Law Enforcement / Security / Fire 7,300 PAB
Police Captain Law Enforcement / Security / Fire 31,380 PAB
Police Communications Officer Law Enforcement / Security / Fire 16,140 PAB
Police Officer Law Enforcement / Security / Fire 17,020 PAB
Police Patrol Officer Law Enforcement / Security / Fire 13,900 PAB
Prison Officer Law Enforcement / Security / Fire 8,880 PAB
Prisoner Custody Officer Law Enforcement / Security / Fire 9,460 PAB
Private Detective / Investigator Law Enforcement / Security / Fire 26,080 PAB
Security Adviser Law Enforcement / Security / Fire 25,720 PAB
Security Guard Law Enforcement / Security / Fire 7,620 PAB
Security Management Specialist Law Enforcement / Security / Fire 37,620 PAB
Security Manager Law Enforcement / Security / Fire 37,200 PAB
Security Officer Law Enforcement / Security / Fire 7,080 PAB
Security Supervisor Law Enforcement / Security / Fire 20,500 PAB
Security Systems Installer Law Enforcement / Security / Fire 21,380 PAB
Security Technician Law Enforcement / Security / Fire 7,240 PAB
Surveillance Operator Law Enforcement / Security / Fire 12,020 PAB
Traffic Controller Law Enforcement / Security / Fire 13,560 PAB

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