Average Pharmacy Stock Controller Salary in Panama for 2024

In this article, we will look at the average Pharmacy Stock Controller 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 Pharmacy Stock Controller Make in Panama?

A Pharmacy Stock Controller working in Panama will typically earn around 19,200 PAB per year, and this can range from the lowest average salary of about 8,560 PAB to the highest average salary of 26,100 PAB.

Average Annual Salary
19,200 PAB
Average Monthly Salary
1,600 PAB

Lowest Annual Salary
8,560 PAB
Lowest Monthly Salary
713 PAB

Highest Annual Salary
26,100 PAB
Highest Monthly Salary
2,175 PAB

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

Pharmacy Stock Controller 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 Pharmacy Stock Controller Salaries in Panama

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

Salary ranges

We already know that a Pharmacy Stock Controller can earn between 8,560 PAB and 26,100 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 Pharmacy Stock Controller in Panama is 15,700 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 15,700 PAB, and 50% of the population earn more than 15,700 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 Pharmacy Stock Controller salary in Panama, 25% of the population are earning less than 12,200 PAB while 75% of the population earn more than 12,200 PAB.

75% of the population earn less than 20,000 PAB, and 25% of the population earn more than 20,000 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.

Pharmacy Stock Controller 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 pharmacy stock controller 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 Pharmacy Stock Controller in Panama that has less than two years of experience can expect to earn somewhere in the region of 8,880 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Pharmacy Stock Controller salary would increase to 12,580 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Pharmacy Stock Controller, the average salary would be 20,300 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 20,760 PAB.
  • 15 - 20 Years Experience. A Pharmacy Stock Controller with 15 to 20 years of experience can earn an average of 24,800 PAB.
  • 20+ Years Experience. For a Pharmacy Stock Controller with more than 20 years, the expected average salary increases to 24,720 PAB.

Average Salary by Experience Chart

0-2 Years
8,880 PAB
2-5 Years +34%
12,580 PAB
5-10 Years +30%
20,300 PAB
10-15 Years +21%
20,760 PAB
15-20 Years +9%
24,800 PAB
20+ Years +5%
24,720 PAB

Pharmacy Stock Controller 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 Pharmacy Stock Controller in Panama based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. A Pharmacy Stock Controller in Panama with a certificate or diploma education can earn an average salary of 14,540 PAB.

  • Bachelor's Degree. A Pharmacy Stock Controller in Panama with a bachelor's degree education can earn an average salary of 25,220 PAB.

Average Salary by Education Chart

Certificate or Diploma
14,540 PAB
Bachelor's Degree +80%
25,220 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.

Pharmacy Stock Controller 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 pharmacy stock controller will earn an average of 17,740 PAB, while a female pharmacy stock controller will earn around 15,920 PAB.

This means that a male pharmacy stock controller earns approximately 11% more than a female pharmacy stock controller for performing the same job.

Average Salary by Gender Chart in Panama

Male
17,740 PAB
Female -11%
15,920 PAB

Pharmacy Stock Controller 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 Pharmacy Stock Controller in Panama is around 9% 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 = ( 9 ÷ 19 ) × 12  = 6%

What this means is that a Pharmacy Stock Controller in Panama can expect to receive an average pay raise of around 6% 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%

Pharmacy Stock Controller 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 Pharmacy Stock Controller is a moderate bonus based job, with 51% of employees reporting at least one bonus in the last 12 months.

49% 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 5%.

Received Bonus
51%
No Bonus
49%

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 Pharmacy Stock Controller

In the table below, we have salary information for jobs that are similar to a Pharmacy Stock Controller in Panama.

Job Title Category Salary
Assistant Pharmacist Pharmaceutical and Biotechnology 21,380 PAB
Assistant Pharmacy Director Pharmaceutical and Biotechnology 38,060 PAB
Associate Medical Affairs Director Pharmaceutical and Biotechnology 52,300 PAB
Bioinformatics Scientist Pharmaceutical and Biotechnology 50,080 PAB
Bioinformatics Technician Pharmaceutical and Biotechnology 23,400 PAB
Biological Scientist Pharmaceutical and Biotechnology 49,560 PAB
Biological Technician Pharmaceutical and Biotechnology 22,420 PAB
Biomedical Engineer Pharmaceutical and Biotechnology 20,460 PAB
Biomedical Engineering Director Pharmaceutical and Biotechnology 42,400 PAB
Biostatistician Pharmaceutical and Biotechnology 30,700 PAB
Biotechnologist Pharmaceutical and Biotechnology 34,540 PAB
Biotechnology Lead Data Manager Pharmaceutical and Biotechnology 23,140 PAB
Chemical Process Technician Pharmaceutical and Biotechnology 20,760 PAB
Clinical Consultant Pharmaceutical and Biotechnology 34,160 PAB
Clinical Data Manager Pharmaceutical and Biotechnology 35,500 PAB
Clinical Data Specialist Pharmaceutical and Biotechnology 28,680 PAB
Clinical Informatics Specialist Pharmaceutical and Biotechnology 23,700 PAB
Clinical Operations Manager Pharmaceutical and Biotechnology 48,140 PAB
Clinical Pharmacist Pharmaceutical and Biotechnology 29,160 PAB
Clinical Pharmacy Specialist Pharmaceutical and Biotechnology 36,800 PAB
Clinical Programmer Pharmaceutical and Biotechnology 15,920 PAB
Clinical Project Manager Pharmaceutical and Biotechnology 28,680 PAB
Clinical Research Associate Pharmaceutical and Biotechnology 30,800 PAB
Clinical Research Manager Pharmaceutical and Biotechnology 45,580 PAB
Clinical Study Manager Pharmaceutical and Biotechnology 40,600 PAB
Compliance Specialist Pharmaceutical and Biotechnology 31,520 PAB
Cytology Laboratory Technologist Pharmaceutical and Biotechnology 26,080 PAB
Cytotechnologist Pharmaceutical and Biotechnology 27,020 PAB
GCP Auditor Pharmaceutical and Biotechnology 28,720 PAB
Hospital Pharmacy Technician Pharmaceutical and Biotechnology 23,260 PAB
Manufacturing Engineer Pharmaceutical and Biotechnology 26,400 PAB
Medical Affairs Director Pharmaceutical and Biotechnology 48,940 PAB
Medical Representative Pharmaceutical and Biotechnology 20,460 PAB
Medical Science Liaison Pharmaceutical and Biotechnology 35,000 PAB
Molecular and Cellular Biologist Pharmaceutical and Biotechnology 50,540 PAB
Nuclear Pharmacist Pharmaceutical and Biotechnology 35,500 PAB
Pharmaceutical Manager Pharmaceutical and Biotechnology 52,300 PAB
Pharmaceutical Manufacturing Lead Pharmaceutical and Biotechnology 58,520 PAB
Pharmaceutical Operations Excellence Manager Pharmaceutical and Biotechnology 50,340 PAB
Pharmaceutical Process Engineer Pharmaceutical and Biotechnology 30,840 PAB
Pharmaceutical Production Assistant Manager Pharmaceutical and Biotechnology 35,300 PAB
Pharmaceutical Project Manager Pharmaceutical and Biotechnology 34,240 PAB
Pharmaceutical Quality Auditor Pharmaceutical and Biotechnology 35,340 PAB
Pharmaceutical Regulatory Affairs Assistant Pharmaceutical and Biotechnology 27,040 PAB
Pharmaceutical Regulatory Affairs Manager Pharmaceutical and Biotechnology 35,340 PAB
Pharmaceutical Regulatory Affairs Specialist Pharmaceutical and Biotechnology 26,280 PAB
Pharmaceutical Representative Pharmaceutical and Biotechnology 20,940 PAB
Pharmaceutical Research Associate Pharmaceutical and Biotechnology 34,540 PAB
Pharmaceutical Research Scientist Pharmaceutical and Biotechnology 45,720 PAB
Pharmaceutical Researcher Pharmaceutical and Biotechnology 46,980 PAB
Pharmaceutical Sales and Marketing Manager Pharmaceutical and Biotechnology 42,040 PAB
Pharmaceutical Sales Manager Pharmaceutical and Biotechnology 45,600 PAB
Pharmaceutical Sales Representative Pharmaceutical and Biotechnology 21,400 PAB
Pharmaceutical Supply Chain Manager Pharmaceutical and Biotechnology 52,460 PAB
Pharmaceutical Team Leader Pharmaceutical and Biotechnology 34,360 PAB
Pharmaceutical Technologist Pharmaceutical and Biotechnology 25,940 PAB
Pharmacist Pharmaceutical and Biotechnology 29,160 PAB
Pharmacy Aide Pharmaceutical and Biotechnology 23,380 PAB
Pharmacy Manager Pharmaceutical and Biotechnology 48,200 PAB
Pharmacy Technician Pharmaceutical and Biotechnology 19,360 PAB
Records Management Coordinator Pharmaceutical and Biotechnology 16,140 PAB
Shift Encapsulator Pharmaceutical and Biotechnology 20,520 PAB
Staff Pharmacist Pharmaceutical and Biotechnology 32,020 PAB

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