Average Treasury Operations Officer Salary in Panama for 2024

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

A Treasury Operations Officer working in Panama will typically earn around 24,800 PAB per year, and this can range from the lowest average salary of about 12,520 PAB to the highest average salary of 39,080 PAB.

Average Annual Salary
24,800 PAB
Average Monthly Salary
2,066 PAB

Lowest Annual Salary
12,520 PAB
Lowest Monthly Salary
1,043 PAB

Highest Annual Salary
39,080 PAB
Highest Monthly Salary
3,256 PAB

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

Treasury Operations 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 Treasury Operations Officer Salaries in Panama

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

Salary ranges

We already know that a Treasury Operations Officer can earn between 12,520 PAB and 39,080 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 Treasury Operations Officer in Panama is 27,040 PAB. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 27,040 PAB, and 50% of the population earn more than 27,040 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 Treasury Operations Officer salary in Panama, 25% of the population are earning less than 16,720 PAB while 75% of the population earn more than 16,720 PAB.

75% of the population earn less than 35,340 PAB, and 25% of the population earn more than 35,340 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.

Treasury Operations 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 treasury operations 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 Treasury Operations Officer in Panama that has less than two years of experience can expect to earn somewhere in the region of 14,620 PAB.
  • 2 - 5 Years Experience. With two to five years of experience the average Treasury Operations Officer salary would increase to 17,760 PAB.
  • 5 - 10 Years Experience. From five to ten years of experience as a Treasury Operations Officer, the average salary would be 25,160 PAB.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 33,120 PAB.
  • 15 - 20 Years Experience. A Treasury Operations Officer with 15 to 20 years of experience can earn an average of 32,420 PAB.
  • 20+ Years Experience. For a Treasury Operations Officer with more than 20 years, the expected average salary increases to 36,020 PAB.

Average Salary by Experience Chart

0-2 Years
14,620 PAB
2-5 Years +38%
17,760 PAB
5-10 Years +42%
25,160 PAB
10-15 Years +22%
33,120 PAB
15-20 Years +6%
32,420 PAB
20+ Years +9%
36,020 PAB

Treasury Operations 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 Treasury Operations 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.

  • Certificate or Diploma. A Treasury Operations Officer in Panama with a certificate or diploma education can earn an average salary of 15,760 PAB.

  • Bachelor's Degree. A Treasury Operations Officer in Panama with a bachelor's degree education can earn an average salary of 23,700 PAB.

  • Master's Degree. A Treasury Operations Officer in Panama with a master's degree education can earn an average salary of 36,940 PAB.

Average Salary by Education Chart

Certificate or Diploma
15,760 PAB
Bachelor's Degree +58%
23,700 PAB
Master's Degree +39%
36,940 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.

Treasury Operations 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 treasury operations officer will earn an average of 24,200 PAB, while a female treasury operations officer will earn around 22,340 PAB.

This means that a male treasury operations officer earns approximately 8% more than a female treasury operations officer for performing the same job.

Average Salary by Gender Chart in Panama

Male
24,200 PAB
Female -8%
22,340 PAB

Treasury Operations 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 Treasury Operations Officer in Panama is around 11% every 18 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 = ( 11 ÷ 18 ) × 12  = 7%

What this means is that a Treasury Operations Officer in Panama can expect to receive an average pay raise of around 7% 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%

Treasury Operations 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 Treasury Operations Officer is a moderate bonus based job, with 56% of employees reporting at least one bonus in the last 12 months.

44% 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 2% to 7%.

Received Bonus
56%
No Bonus
44%

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 Treasury Operations Officer

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

Job Title Category Salary
AML Analyst Banking 41,980 PAB
Assistant Bank Branch Manager Banking 34,240 PAB
Assistant Bank Manager Banking 45,200 PAB
ATM Manager Banking 36,160 PAB
ATM Service Technician Banking 9,960 PAB
Bank Accounts Analyst Banking 15,880 PAB
Bank Accounts Collector Banking 10,320 PAB
Bank Accounts Controller Banking 17,740 PAB
Bank Accounts Executive Banking 26,500 PAB
Bank Accounts Manager Banking 34,980 PAB
Bank Auditing Manager Banking 31,980 PAB
Bank Branch Manager Banking 48,200 PAB
Bank Branch Operations Coordinator Banking 19,020 PAB
Bank Clerk Banking 9,360 PAB
Bank Client Service Associate Banking 13,700 PAB
Bank Collector Banking 9,360 PAB
Bank Compliance Specialist Banking 24,840 PAB
Bank Manager Banking 50,340 PAB
Bank Operational Risk Manager Banking 54,140 PAB
Bank Operations Head Banking 55,020 PAB
Bank Operations Officer Banking 19,380 PAB
Bank Operations Specialist Banking 34,540 PAB
Bank Process Manager Banking 31,660 PAB
Bank Product Manager Banking 34,480 PAB
Bank Programme Manager Banking 37,740 PAB
Bank Project Manager Banking 41,480 PAB
Bank Propositions Manager Banking 37,740 PAB
Bank Quantitative Analyst Banking 28,180 PAB
Bank Regional Manager Banking 50,180 PAB
Bank Regional Risk Officer Banking 25,160 PAB
Bank Relationship Manager Banking 41,900 PAB
Bank Relationship Officer Banking 16,140 PAB
Bank Teller Banking 10,320 PAB
Banker Banking 20,120 PAB
Banking Business Analyst Banking 27,620 PAB
Banking Business Development Officer Banking 15,700 PAB
Banking Business Planning Executive Banking 38,340 PAB
Banking Product Manager Banking 34,360 PAB
Banking Reference Data Manager Banking 27,560 PAB
Banking Risk Analyst Banking 25,160 PAB
Banking Technical Analyst Banking 12,240 PAB
Bankruptcy Coordinator Banking 18,940 PAB
Bill and Account Collector Banking 9,440 PAB
Budget Analyst Banking 25,720 PAB
Capital Risk Manager Banking 53,840 PAB
Cards Marketing Manager Banking 34,360 PAB
Cash Management Manager Banking 48,140 PAB
Check Processing Manager Banking 35,500 PAB
Commercial Vault Associate Banking 24,860 PAB
Corporate Banker Banking 18,940 PAB
Corporate Dealer Banking 27,020 PAB
Credit Analyst Banking 19,160 PAB
Credit and Collections Manager Banking 39,160 PAB
Credit Card Fraud Investigator Banking 29,540 PAB
Credit Portfolio Manager Banking 51,120 PAB
Credit Risk Analyst Banking 29,320 PAB
Credit Risk Associate Banking 27,560 PAB
Direct Bank Sales Representative Banking 16,980 PAB
Exchange Control Consultant Banking 29,320 PAB
Executive Account Analyst Banking 27,380 PAB
Financial Bank Planning Consultant Banking 34,240 PAB
Financial Banking Analysis Manager Banking 38,700 PAB
Financial Banking Assistant Banking 10,980 PAB
Financial Banking Systems Manager Banking 39,640 PAB
Foreign Exchange Manager Banking 40,560 PAB
Fraud Analyst Banking 27,560 PAB
Fraud Detection Associate Banking 17,740 PAB
Fraud Detection Manager Banking 41,180 PAB
Fraud Detection Supervisor Banking 23,260 PAB
Internal Bank Audit Manager Banking 45,720 PAB
Internal Bank Auditor Banking 26,500 PAB
Internal Private Banker Banking 19,380 PAB
International Banking Manager Banking 56,100 PAB
Investment Banking Analyst Banking 39,160 PAB
Loan Analyst Banking 28,660 PAB
Loan Area Manager Banking 33,440 PAB
Loan Audit Team Leader Banking 30,700 PAB
Loan Branch Manager Banking 32,200 PAB
Loan Business Development Officer Banking 18,260 PAB
Loan Clerk Banking 8,560 PAB
Loan Collection and Recovery Manager Banking 31,980 PAB
Loan Collection Manager Banking 35,560 PAB
Loan Collector Banking 7,240 PAB
Loan Examiner Banking 13,060 PAB
Loan Officer Banking 8,880 PAB
Loan Processing Manager Banking 29,320 PAB
Loan Processor Banking 12,180 PAB
Loan Quality Assurance Auditor Banking 27,480 PAB
Loan Quality Assurance Manager Banking 31,940 PAB
Loan Quality Assurance Representative Banking 20,520 PAB
Loan Review Manager Banking 32,960 PAB
Loan Team Leader Banking 29,540 PAB
Loans Manager Banking 37,740 PAB
Mortgage Advisor Banking 16,980 PAB
Mortgage Collection Manager Banking 34,160 PAB
Mortgage Collector Banking 7,800 PAB
Mortgage Credit Analyst Banking 13,560 PAB
Mortgage Credit Manager Banking 32,200 PAB
Mortgage Development Manager Banking 34,280 PAB
Mortgage Document Reviewer Banking 9,940 PAB
Mortgage Funding Manager Banking 38,140 PAB
Mortgage Operations Manager Banking 45,000 PAB
Mortgage Payment Processing Clerk Banking 10,220 PAB
Mortgage Processing Manager Banking 31,960 PAB
Mortgage Processor Banking 10,988 PAB
Mortgage Quality Assurance Auditor Banking 29,040 PAB
Mortgage Quality Assurance Manager Banking 29,640 PAB
Mortgage Servicing Clerk Banking 9,460 PAB
Mortgage Servicing Manager Banking 31,080 PAB
Mortgage Underwriter Banking 12,620 PAB
Online Banking Manager Banking 43,760 PAB
Payment Processing Clerk Banking 9,460 PAB
Personal Banker Banking 19,860 PAB
Personal Banking Advisor Banking 18,900 PAB
Phone Banker Banking 10,980 PAB
Private Banker Banking 19,860 PAB
Reconciliation and Investigation Specialist Banking 23,500 PAB
Tax Officer Banking 15,300 PAB
Teller Banking 9,440 PAB
Trade Officer Banking 9,940 PAB
Trade Product Manager Banking 30,700 PAB
Trader Banking 13,780 PAB

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