How much do top company managers earn in Panama?

A Central American salary study conducted by Michael Page shows that the CEO position is the highest paid management position in Panama, earning up to $35,000 per month.

In second place in the ranking of the highest paid are the director or vice president of finance and the director or commercial vice president, who earn between 12,000 and 20,000 dollars per month.

The study states that these estimates may vary depending on each person’s experience and technical knowledge.

In Panama, the leadership list is completed by the director or vice president of operations s Salary ranging between $12,000 and $16,000, a director or vice president of human resources who can earn between $9,000 and $14,000, a director or vice president of information with a salary between $14,000 and $18,000 and a chief legal officer or vice president who receives a salary between $10,000 and $15,000.

Salaries also vary by sector. The study shows that a business vice president in the banking and financial services sector earns between $10,000 and $15,000. For example, the compensation of a finance and accounting manager is between $6,000 and $8,000.

Generally, various credit risk management, strategic planning, corporate banking, legal advice, operations and personal banking earn salaries between $4,000 and $7,500. An investment analyst has a salary between $3,400 and $5,000.

Better pay
The study shows that the sector that offers the best salary to its talent is technology. The vice president of transformation and innovation has a range between $12,000 and $20,000, the chief technology officer earns between $10,000 and $15,000, while various managers earn between $6,000 and $8,000.

In this field, the salary of a web developer is in the range between 2,000 and 3,200 dollars while developers full stack, front end and back end They range from $2,000 to $5,000.

Another high-paying sector is healthcare and life sciences, the study said. In Panama, a commercial director in this field can earn between $12,000 and $17,000. Generally, management positions in this field command a salary between $7,000 and $12,000.

The sector with the lowest salaries is sales and marketing. In this field, the commercial director earns between 7,000 and 9,000 dollars and the range between different managements is between $3,000 and $7,000. This includes commercial management, key account management, marketing, brand, product and category management.