Average Telecommunication Equipment Engineer Salary in Panama for 2024

In this article, we will look at the average Telecommunication Equipment Engineer 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 Telecommunication Equipment Engineer Make in Panama?

A Telecommunication Equipment Engineer working in Panama will typically earn around 20,300 PAB per year, and this can range from the lowest average salary of about 8,100 PAB to the highest average salary of 29,840 PAB.

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

Telecommunication Equipment Engineer 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 Telecommunication Equipment Engineer Salaries in Panama

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

Salary ranges

We already know that a Telecommunication Equipment Engineer can earn between 8,100 PAB and 29,840 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 Telecommunication Equipment Engineer in Panama is 18,780 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 18,780 PAB, and 50% of the population earn more than 18,780 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 Telecommunication Equipment Engineer salary in Panama, 25% of the population are earning less than 13,060 PAB while 75% of the population earn more than 13,060 PAB.

75% of the population earn less than 23,400 PAB, and 25% of the population earn more than 23,400 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.

Telecommunication Equipment Engineer 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 telecommunication equipment engineer 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 Telecommunication Equipment Engineer in Panama that has less than two years of experience can expect to earn somewhere in the region of 10,220 PAB.
• 2 - 5 Years Experience. With two to five years of experience the average Telecommunication Equipment Engineer salary would increase to 14,660 PAB.
• 5 - 10 Years Experience. From five to ten years of experience as a Telecommunication Equipment Engineer, the average salary would be 18,280 PAB.
• 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 22,660 PAB.
• 15 - 20 Years Experience. A Telecommunication Equipment Engineer with 15 to 20 years of experience can earn an average of 27,020 PAB.
• 20+ Years Experience. For a Telecommunication Equipment Engineer with more than 20 years, the expected average salary increases to 25,440 PAB.

Average Salary by Experience Chart

Telecommunication Equipment Engineer 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 Telecommunication Equipment Engineer 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 Telecommunication Equipment Engineer in Panama with a bachelor's degree education can earn an average salary of 15,580 PAB.

• Master's Degree. A Telecommunication Equipment Engineer in Panama with a master's degree education can earn an average salary of 19,980 PAB.

Average Salary by Education Chart

Telecommunication Equipment Engineer 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 telecommunication equipment engineer will earn an average of 18,940 PAB, while a female telecommunication equipment engineer will earn around 19,200 PAB.

This means that a male telecommunication equipment engineer earns approximately 1% less than a female telecommunication equipment engineer for performing the same job.

Average Salary by Gender Chart in Panama

Telecommunication Equipment Engineer 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 Telecommunication Equipment Engineer 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 Telecommunication Equipment Engineer 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.

Telecommunication Equipment Engineer 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 Telecommunication Equipment Engineer 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%.

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 Telecommunication Equipment Engineer

In the table below, we have salary information for jobs that are similar to a Telecommunication Equipment Engineer in Panama.

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