Average Training Executive Salary in Panama for 2024

In this article, we will look at the average Training Executive 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 Training Executive Make in Panama?

A Training Executive working in Panama will typically earn around 30,840 PAB per year, and this can range from the lowest average salary of about 11,880 PAB to the highest average salary of 47,540 PAB.

Average Annual Salary
30,840 PAB
Average Monthly Salary
2,570 PAB

Lowest Annual Salary
11,880 PAB
Lowest Monthly Salary
990 PAB

Highest Annual Salary
47,540 PAB
Highest Monthly Salary
3,961 PAB

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

Training Executive 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 Training Executive Salaries in Panama

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

Salary ranges

We already know that a Training Executive can earn between 11,880 PAB and 47,540 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 Training Executive in Panama is 30,220 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 30,220 PAB, and 50% of the population earn more than 30,220 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 Training Executive salary in Panama, 25% of the population are earning less than 20,520 PAB while 75% of the population earn more than 20,520 PAB.

75% of the population earn less than 41,660 PAB, and 25% of the population earn more than 41,660 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.

Training Executive 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 training executive 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 Training Executive in Panama that has less than two years of experience can expect to earn somewhere in the region of 14,820 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Training Executive salary would increase to 23,520 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Training Executive, the average salary would be 31,940 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 37,380 PAB.
  • 15 - 20 Years Experience. A Training Executive with 15 to 20 years of experience can earn an average of 38,620 PAB.
  • 20+ Years Experience. For a Training Executive with more than 20 years, the expected average salary increases to 41,820 PAB.

Average Salary by Experience Chart

0-2 Years
14,820 PAB
2-5 Years +38%
23,520 PAB
5-10 Years +42%
31,940 PAB
10-15 Years +22%
37,380 PAB
15-20 Years +6%
38,620 PAB
20+ Years +9%
41,820 PAB

Training Executive 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 Training Executive 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 Training Executive in Panama with a bachelor's degree education can earn an average salary of 23,520 PAB.

  • Master's Degree. A Training Executive in Panama with a master's degree education can earn an average salary of 38,620 PAB.

Average Salary by Education Chart

Bachelor's Degree
23,520 PAB
Master's Degree +83%
38,620 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.

Training Executive 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 training executive will earn an average of 31,080 PAB, while a female training executive will earn around 29,540 PAB.

This means that a male training executive earns approximately 5% more than a female training executive for performing the same job.

Average Salary by Gender Chart in Panama

Male
31,080 PAB
Female -5%
29,540 PAB

Training Executive 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 Training Executive in Panama is around 10% every 20 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 = ( 10 ÷ 20 ) × 12  = 6%

What this means is that a Training Executive 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%

Training Executive 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 Training Executive is a low bonus based job, with 32% of employees reporting at least one bonus in the last 12 months.

68% 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 0% to 4%.

Received Bonus
32%
No Bonus
68%

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 Training Executive

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

Job Title Category Salary
Benefits Administrator Human Resources 17,260 PAB
Benefits Analyst Human Resources 19,480 PAB
Benefits Manager Human Resources 32,960 PAB
Benefits Specialist Human Resources 19,640 PAB
Chief Human Resources Officer Human Resources 38,620 PAB
Chief People Officer Human Resources 41,180 PAB
Compensation Analyst Human Resources 16,980 PAB
Compensation and Benefits Manager Human Resources 35,500 PAB
Compensation and Benefits Officer Human Resources 12,000 PAB
Compensation and Benefits Specialist Human Resources 19,640 PAB
Compensation Manager Human Resources 34,160 PAB
Corporate Director of Human Resources Human Resources 42,320 PAB
Corporate Recruiter Human Resources 26,660 PAB
Corporate Trainer Human Resources 19,360 PAB
Director of Talent Acquisition Human Resources 39,960 PAB
Employee Benefits Administrator Human Resources 19,940 PAB
Employee Benefits Consultant Human Resources 27,480 PAB
Employee Benefits Coordinator Human Resources 11,040 PAB
Employee Communications Manager Human Resources 26,780 PAB
Employee Development Specialist Human Resources 28,180 PAB
Employee Engagement Specialist Human Resources 25,160 PAB
Employee Health and Wellness Administrator Human Resources 23,260 PAB
Employee Performance Specialist Human Resources 20,500 PAB
Employee Relations Analyst Human Resources 25,680 PAB
Employee Relations Manager Human Resources 26,780 PAB
Employee Relations Practitioner Human Resources 26,860 PAB
Employee Relations Representative Human Resources 20,940 PAB
Employee Relations Specialist Human Resources 26,780 PAB
Employee Services Manager Human Resources 28,900 PAB
Employee Services Specialist Human Resources 26,080 PAB
Employee Wellness Officer Human Resources 18,280 PAB
Employment Advice Worker Human Resources 12,620 PAB
Employment Interviewer Human Resources 19,220 PAB
Employment Relations Officer Human Resources 13,540 PAB
Employment Service Specialist Human Resources 15,760 PAB
Employment Services Coordinator Human Resources 19,200 PAB
Enrollment Counselor Human Resources 25,940 PAB
Equal Opportunity Representative Human Resources 19,360 PAB
Executive Human Capital Management Human Resources 38,620 PAB
Executive Recruiter Human Resources 26,660 PAB
Expatriate Administration Manager Human Resources 26,400 PAB
Expatriate Administration Supervisor Human Resources 20,300 PAB
Global Mobility Manager Human Resources 33,980 PAB
Head of Human Resources Human Resources 34,380 PAB
Headhunter Human Resources 26,100 PAB
Health Benefits Coordinator Human Resources 17,540 PAB
HRIS Analyst Human Resources 14,540 PAB
HRIS Manager Human Resources 21,300 PAB
HRIS Officer Human Resources 12,200 PAB
HRIS Supervisor Human Resources 12,240 PAB
Human Resources Administration Specialist Human Resources 14,820 PAB
Human Resources Administrative Assistant Human Resources 13,660 PAB
Human Resources Administrative Coordinator Human Resources 15,300 PAB
Human Resources Administrator Human Resources 15,300 PAB
Human Resources Advisor Human Resources 27,300 PAB
Human Resources Analyst Human Resources 22,340 PAB
Human Resources Assessor Human Resources 12,240 PAB
Human Resources Assistant Human Resources 9,960 PAB
Human Resources Assistant Manager Human Resources 28,860 PAB
Human Resources Associate Human Resources 12,300 PAB
Human Resources Consultant Human Resources 32,020 PAB
Human Resources Coordinator Human Resources 10,080 PAB
Human Resources Data Analytics Manager Human Resources 19,940 PAB
Human Resources Deputy Manager Human Resources 27,480 PAB
Human Resources Development Manager Human Resources 36,160 PAB
Human Resources Director Human Resources 42,040 PAB
Human Resources Executive Human Resources 29,840 PAB
Human Resources Generalist Human Resources 18,280 PAB
Human Resources Manager Human Resources 35,000 PAB
Human Resources Officer Human Resources 17,260 PAB
Human Resources Recruiter Human Resources 28,900 PAB
Human Resources Representative Human Resources 15,760 PAB
Human Resources Section Head Human Resources 24,200 PAB
Human Resources Services Manager Human Resources 32,900 PAB
Human Resources Specialist Human Resources 20,500 PAB
Human Resources Superintendent Human Resources 12,240 PAB
Human Resources Training Executive Human Resources 26,860 PAB
Human Resources Vice President Human Resources 38,140 PAB
Industrial Organizational Psychologist Human Resources 35,500 PAB
Job Evaluation Specialist Human Resources 27,020 PAB
Labor Relations Director Human Resources 32,960 PAB
Labor Relations Manager Human Resources 31,380 PAB
Labor Relations Specialist Human Resources 15,880 PAB
Learning and Development Manager Human Resources 31,520 PAB
Occupational Health and Safety Officer Human Resources 12,240 PAB
Organizational Development Consultant Human Resources 30,800 PAB
Organizational Development Manager Human Resources 33,980 PAB
Organizational Development Specialist Human Resources 18,780 PAB
Payroll Assistant Human Resources 13,540 PAB
Payroll Supervisor Human Resources 17,100 PAB
People Development Officer Human Resources 20,120 PAB
Personnel Officer Human Resources 12,840 PAB
Personnel Recruiter Human Resources 29,540 PAB
Records Clerk Human Resources 7,820 PAB
Records Manager Human Resources 16,720 PAB
Recruiter Human Resources 25,720 PAB
Recruiting Coordinator Human Resources 14,660 PAB
Recruiting Manager Human Resources 36,800 PAB
Recruitment Consultant Human Resources 29,540 PAB
Recruitment Officer Human Resources 13,100 PAB
Recruitment Supervisor Human Resources 21,980 PAB
Research Associate Human Resources 13,700 PAB
SAP Resource Manager Human Resources 28,720 PAB
Talent Acquisition Manager Human Resources 36,700 PAB
Talent Acquisition Specialist Human Resources 20,460 PAB
Talent Management Officer Human Resources 17,620 PAB
Technical Recruiter Human Resources 15,920 PAB
Training Administrator Human Resources 13,100 PAB
Training and Development Manager Human Resources 36,940 PAB
Training and Development Section Head Human Resources 28,820 PAB
Training Manager Human Resources 36,940 PAB
Training Officer Human Resources 13,900 PAB
Training Specialist Human Resources 19,940 PAB

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