A person working as a Financial Manager in Argentina typically earns around 189,000 ARS per month. Salaries range from 89,000 ARS (lowest) to 299,000 ARS (highest).
This is the average monthly salary including housing, transport, and other benefits. Financial Manager salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Financial Manager salaries in Argentina range from 89,000 ARS per month (minimum salary) to 299,000 ARS per month (maximum salary).
The median salary is 201,000 ARS per month, which means that half (50%) of people working as Financial Manager(s) are earning less than 201,000 ARS while the other half are earning more than 201,000 ARS. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Financial Manager(s) are earning less than 130,000 ARS while 75% of them are earning more than 130,000 ARS. Also from the diagram, 75% of Financial Manager(s) are earning less than 265,000 ARS while 25% are earning more than 265,000 ARS.
Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Financial Manager salaries by experience level and this is what we found.
A Financial Manager with less than two years of experience makes approximately 103,000 ARS per month.
While someone with an experience level between two and five years is expected to earn 142,000 ARS per month, 38% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 201,000 ARS per month, 42% more than someone with two to five years of experience.
Additionally, Financial Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 246,000 ARS per month, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 259,000 ARS per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 282,000 ARS per month, 9% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+38%|
|5 - 10 Years||+42%|
|10 - 15 Years||+22%|
|15 - 20 Years||+6%|
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Financial Manager salaries by education level in order to make a comparison.
When the education level is Certificate or Diploma, the average salary of a Financial Manager is 123,000 ARS per month.
While someone with a Bachelor's Degree gets a salary of 194,000 ARS per month, 58% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 270,000 ARS per month, 39% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Argentina costs anywhere from 453,000 Argentine Peso(s) to 1,360,000 Argentine Peso(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Financial Manager employees in Argentina earn 10% more than their female counterparts.
Financial Manager(s) in Argentina are likely to observe a salary increase of approximately 14% every 18 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Argentina for the year 2019. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
A Financial Manager is considered to be a high bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
16% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 84% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
Where can you get paid more, working for a private company or for the government? Public sector Financial Manager employees in Argentina earn 7% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+3%|
Financial Manager salaries in Argentina are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 3% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
The average salary for Financial Manager is 120% more than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||55,100 ARS||-71%|
|Account Executive||89,900 ARS||-53%|
|Accounting Assistant||62,700 ARS||-67%|
|Accounting Associate||63,300 ARS||-67%|
|Accounting Clerk||46,300 ARS||-76%|
|Accounting Coordinator||49,500 ARS||-74%|
|Accounting Manager||117,000 ARS||-38%|
|Accounting Supervisor||89,600 ARS||-53%|
|Accounting Technician||57,400 ARS||-70%|
|Accounts Executive||75,700 ARS||-60%|
|Accounts Payable and Receivable Specialist||69,400 ARS||-63%|
|Accounts Payable Clerk||46,100 ARS||-76%|
|Accounts Payable Manager||94,400 ARS||-50%|
|Accounts Receivable Clerk||50,500 ARS||-73%|
|Accounts Receivable Manager||102,000 ARS||-46%|
|Assistant Accounting Manager||76,500 ARS||-60%|
|Assistant Auditor||70,500 ARS||-63%|
|Audit Supervisor||116,000 ARS||-39%|
|Auditing Clerk||58,400 ARS||-69%|
|Auditing Manager||126,000 ARS||-33%|
|Billing Coordinator||71,700 ARS||-62%|
|Billing Specialist||73,400 ARS||-61%|
|Billing Supervisor||89,900 ARS||-53%|
|Bookkeeping Specialist||65,600 ARS||-65%|
|Budget Analyst||78,400 ARS||-59%|
|Budget Manager||105,000 ARS||-45%|
|Business Support Analyst||86,000 ARS||-55%|
|Capital Markets Associate||93,400 ARS||-51%|
|Cash Flow Analyst||89,100 ARS||-53%|
|Cash Management Officer||85,300 ARS||-55%|
|Cashbook Clerk||58,600 ARS||-69%|
|Chartered Accountant||79,300 ARS||-58%|
|Collections Clerk||46,100 ARS||-76%|
|Collections Specialist||64,000 ARS||-66%|
|Corporate Treasurer||169,000 ARS||-11%|
|Cost Accountant||71,700 ARS||-62%|
|Cost Accounting Manager||93,700 ARS||-51%|
|Cost Analyst||89,100 ARS||-53%|
|Credit and Collection Manager||101,000 ARS||-47%|
|Credit and Collection Staff||51,700 ARS||-73%|
|Credit and Loans Officer||50,600 ARS||-73%|
|Credit Controller||86,400 ARS||-54%|
|Debt Adviser||115,000 ARS||-39%|
|Debt Collector||81,700 ARS||-57%|
|Debtors Clerk||70,000 ARS||-63%|
|Deputy CFO||155,000 ARS||-18%|
|Derivative Trader||133,000 ARS||-30%|
|Escrow Assistant||73,500 ARS||-61%|
|External Auditor||94,000 ARS||-50%|
|Finance Associate||72,200 ARS||-62%|
|Finance Executive||151,000 ARS||-20%|
|Finance Licensing Clerk||56,300 ARS||-70%|
|Finance Licensing Manager||91,000 ARS||-52%|
|Finance Licensing Specialist||72,400 ARS||-62%|
|Finance Officer||102,000 ARS||-46%|
|Finance President||182,000 ARS||-4%|
|Finance Relationship Manager||123,000 ARS||-35%|
|Finance Release Analyst||88,400 ARS||-53%|
|Finance Team Leader||95,700 ARS||-49%|
|Financial Actuary||90,700 ARS||-52%|
|Financial Administrator||75,700 ARS||-60%|
|Financial Analyst||94,400 ARS||-50%|
|Financial Applications Specialist||65,200 ARS||-66%|
|Financial Assistant||54,000 ARS||-71%|
|Financial Associate||69,800 ARS||-63%|
|Financial Claims Analyst||87,000 ARS||-54%|
|Financial Claims Manager||99,600 ARS||-47%|
|Financial Commercial Analyst||82,500 ARS||-56%|
|Financial Compliance Analyst||89,300 ARS||-53%|
|Financial Consultant||86,200 ARS||-54%|
|Financial Controller||83,500 ARS||-56%|
|Financial Coordinator||75,700 ARS||-60%|
|Financial Customer Service Manager||109,000 ARS||-42%|
|Financial Dealer and Broker||79,900 ARS||-58%|
|Financial Encoder||53,800 ARS||-72%|
|Financial Manager||189,000 ARS||-0%|
|Financial Operations Manager||136,000 ARS||-28%|
|Financial Policy Analyst||95,300 ARS||-50%|
|Financial Project Manager||83,800 ARS||-56%|
|Financial Quantitative Analyst||104,000 ARS||-45%|
|Financial Reporting Consultant||93,200 ARS||-51%|
|Financial Reporting Manager||116,000 ARS||-39%|
|Financial Services Sales Agent||79,400 ARS||-58%|
|Fixed Assets Administrator||76,500 ARS||-60%|
|Forensic Accountant||69,100 ARS||-64%|
|Fraud Detection Supervisor||85,900 ARS||-55%|
|Fraud Prevention Manager||132,000 ARS||-30%|
|Fund Accountant||68,600 ARS||-64%|
|Grants Coordinator||59,800 ARS||-68%|
|Internal Auditor||96,100 ARS||-49%|
|Internal Control Adviser||96,300 ARS||-49%|
|Internal Control Officer||82,000 ARS||-57%|
|Inventory Accountant||142,000 ARS||-25%|
|Investment Analyst||123,000 ARS||-35%|
|Investment Fund Manager||124,000 ARS||-35%|
|Investment Underwriter||56,300 ARS||-70%|
|Investor Relations Manager||110,000 ARS||-42%|
|KYC Team Leader||115,000 ARS||-39%|
|Management Economist||98,100 ARS||-48%|
|Payroll Clerk||55,100 ARS||-71%|
|Payroll Manager||94,700 ARS||-50%|
|Pensions Administrator||68,300 ARS||-64%|
|Pricing Analyst||103,000 ARS||-46%|
|Private Equity Analyst||100,000 ARS||-47%|
|Proposal Development Coordinator||67,200 ARS||-65%|
|Receivables Accountant||59,700 ARS||-68%|
|Regulatory Accountant||70,500 ARS||-63%|
|Retirement Plan Analyst||94,000 ARS||-50%|
|Revenue Management Specialist||79,700 ARS||-58%|
|Revenue Recognition Analyst||116,000 ARS||-39%|
|Risk Management Director||141,000 ARS||-26%|
|Risk Management Supervisor||109,000 ARS||-42%|
|Tax Accountant||67,500 ARS||-64%|
|Tax Advisor||89,600 ARS||-53%|
|Tax Associate||72,900 ARS||-62%|
|Tax Manager||132,000 ARS||-30%|
|Treasury Accountant||70,500 ARS||-63%|
|Treasury Analyst||97,500 ARS||-49%|
|Underwriting Assistant||47,900 ARS||-75%|
|Vice President of Finance||132,000 ARS||-30%|
|Bahia Blanca||195,000 ARS|
|Buenos Aires||211,000 ARS|
|La Plata||191,000 ARS|
|Mar del Plata||192,000 ARS|
|San Juan||172,000 ARS|
|San Miguel de Tucuman||189,000 ARS|
|Santa Fe||189,000 ARS|
|Santiago del Estero||187,000 ARS|