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Financial Manager Average Salary in Argentina 2020

How much money does a Financial Manager make in Argentina?


Average Monthly Salary
189,000 ARS
( 2,270,000 ARS yearly)

LOW
89,000
ARS
AVERAGE
189,000
ARS
HIGH
299,000
ARS

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 Salary Distribution in Argentina

Median and salary distribution monthly Argentina Financial Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Financial Manager salaries in Argentina range from 89,000 ARS per month (minimum salary) to 299,000 ARS per month (maximum salary).

  • Median 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.

  • Percentiles

    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.


What is the difference between the median and the average salary?

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

Financial Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Argentina Financial Manager
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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.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

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.


Financial Manager average salary change by experience in Argentina

0 - 2 Years
103,000 ARS
2 - 5 Years+38%
142,000 ARS
5 - 10 Years+42%
201,000 ARS
10 - 15 Years+22%
246,000 ARS
15 - 20 Years+6%
259,000 ARS
20+ Years+9%
282,000 ARS
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Financial Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Financial Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Argentina Financial Manager
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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.


Financial Manager average salary difference by education level in Argentina

Certificate or Diploma
123,000 ARS
Bachelor's Degree+58%
194,000 ARS
Master's Degree+39%
270,000 ARS
Percentage increase and decrease are relative to the previous value

Is a Master's degree or an MBA worth it? Should you pursue higher education?

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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Financial Manager Salary Comparison By Gender

Salary comparison by gender monthly Argentina Financial Manager
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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.

Female
181,000 ARS
Male+10%
200,000 ARS
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Argentina for all Careers

Salary comparison by gender monthly Argentina
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Financial Manager Average Annual Salary Increment Percentage in Argentina

How much are annual salary increments in Argentina for Financial Manager(s)? How often do employees get salary raises?

Financial Manager

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.

Annual Salary Increment Rate Argentina Financial Manager
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Argentina / All Professions

Annual Salary Increment Rate Argentina
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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.

How to calculate the salary increment percentage?

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

The average salary increase in one year (12 months) in Argentina is 6%.

Annual Increment Rate By Industry 2019

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Financial Manager Bonus and Incentive Rates in Argentina

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Argentina Financial Manager
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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.

Received Bonus
84%
No Bonus
16%

Types of Bonuses Considered

Individual Performance-Based Bonuses

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.

Bonuses Are Not Commissions!

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.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting 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.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Argentina
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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.

Private Sector
87,400 ARS
Public Sector+7%
93,100 ARS
Percentage increase and decrease are relative to the previous value

Financial Manager Salary Trend and Forecast in Argentina

How are Financial Manager salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Argentina Financial Manager
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Average Salary 2016
167,000 ARS
Average Salary 2017+4%
173,000 ARS
Average Salary 2018+3%
179,000 ARS
Average Salary 2019+3%
184,000 ARS
Percentage increase and decrease are relative to the previous value

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.

Financial Manager Average Hourly Wage in Argentina


1,090 ARS per hour

The average hourly wage (pay per hour) in Argentina is 1,090 ARS. This means that the average Financial Manager in Argentina earns approximately 1,090 ARS for every worked hour.


Hourly Wage = Annual Salary ÷ ( 52 x 5 x 8 )

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.

Financial Manager VS Other Jobs

Salary Comparison Between Financial Manager and Accounting and Finance monthly Argentina
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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.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Examiner55,100 ARS-71%
Account Executive89,900 ARS-53%
Accountant64,500 ARS-66%
Accounting Assistant62,700 ARS-67%
Accounting Associate63,300 ARS-67%
Accounting Clerk46,300 ARS-76%
Accounting Coordinator49,500 ARS-74%
Accounting Manager117,000 ARS-38%
Accounting Supervisor89,600 ARS-53%
Accounting Technician57,400 ARS-70%
Accounts Executive75,700 ARS-60%
Accounts Payable and Receivable Specialist69,400 ARS-63%
Accounts Payable Clerk46,100 ARS-76%
Accounts Payable Manager94,400 ARS-50%
Accounts Receivable Clerk50,500 ARS-73%
Accounts Receivable Manager102,000 ARS-46%
Assistant Accounting Manager76,500 ARS-60%
Assistant Auditor70,500 ARS-63%
Audit Supervisor116,000 ARS-39%
Auditing Clerk58,400 ARS-69%
Auditing Manager126,000 ARS-33%
Billing Coordinator71,700 ARS-62%
Billing Specialist73,400 ARS-61%
Billing Supervisor89,900 ARS-53%
Bookkeeper50,200 ARS-73%
Bookkeeping Specialist65,600 ARS-65%
Budget Analyst78,400 ARS-59%
Budget Manager105,000 ARS-45%
Business Support Analyst86,000 ARS-55%
Capital Markets Associate93,400 ARS-51%
Cash Flow Analyst89,100 ARS-53%
Cash Management Officer85,300 ARS-55%
Cashbook Clerk58,600 ARS-69%
Chartered Accountant79,300 ARS-58%
Collections Clerk46,100 ARS-76%
Collections Specialist64,000 ARS-66%
Corporate Treasurer169,000 ARS-11%
Cost Accountant71,700 ARS-62%
Cost Accounting Manager93,700 ARS-51%
Cost Analyst89,100 ARS-53%
Credit and Collection Manager101,000 ARS-47%
Credit and Collection Staff51,700 ARS-73%
Credit and Loans Officer50,600 ARS-73%
Credit Controller86,400 ARS-54%
Debt Adviser115,000 ARS-39%
Debt Collector81,700 ARS-57%
Debtors Clerk70,000 ARS-63%
Deputy CFO155,000 ARS-18%
Derivative Trader133,000 ARS-30%
Escrow Assistant73,500 ARS-61%
External Auditor94,000 ARS-50%
Finance Associate72,200 ARS-62%
Finance Executive151,000 ARS-20%
Finance Licensing Clerk56,300 ARS-70%
Finance Licensing Manager91,000 ARS-52%
Finance Licensing Specialist72,400 ARS-62%
Finance Officer102,000 ARS-46%
Finance President182,000 ARS-4%
Finance Relationship Manager123,000 ARS-35%
Finance Release Analyst88,400 ARS-53%
Finance Team Leader 95,700 ARS-49%
Financial Actuary90,700 ARS-52%
Financial Administrator75,700 ARS-60%
Financial Analyst94,400 ARS-50%
Financial Applications Specialist65,200 ARS-66%
Financial Assistant54,000 ARS-71%
Financial Associate69,800 ARS-63%
Financial Claims Analyst87,000 ARS-54%
Financial Claims Manager99,600 ARS-47%
Financial Commercial Analyst82,500 ARS-56%
Financial Compliance Analyst89,300 ARS-53%
Financial Consultant86,200 ARS-54%
Financial Controller83,500 ARS-56%
Financial Coordinator75,700 ARS-60%
Financial Customer Service Manager109,000 ARS-42%
Financial Dealer and Broker79,900 ARS-58%
Financial Encoder53,800 ARS-72%
Financial Manager189,000 ARS-0%
Financial Operations Manager136,000 ARS-28%
Financial Policy Analyst95,300 ARS-50%
Financial Project Manager83,800 ARS-56%
Financial Quantitative Analyst104,000 ARS-45%
Financial Reporting Consultant93,200 ARS-51%
Financial Reporting Manager116,000 ARS-39%
Financial Services Sales Agent79,400 ARS-58%
Fixed Assets Administrator76,500 ARS-60%
Forensic Accountant69,100 ARS-64%
Fraud Detection Supervisor85,900 ARS-55%
Fraud Prevention Manager132,000 ARS-30%
Fund Accountant68,600 ARS-64%
Grants Coordinator59,800 ARS-68%
Internal Auditor96,100 ARS-49%
Internal Control Adviser96,300 ARS-49%
Internal Control Officer82,000 ARS-57%
Inventory Accountant142,000 ARS-25%
Investment Analyst123,000 ARS-35%
Investment Fund Manager124,000 ARS-35%
Investment Underwriter56,300 ARS-70%
Investor90,500 ARS-52%
Investor Relations Manager110,000 ARS-42%
KYC Team Leader115,000 ARS-39%
Management Economist98,100 ARS-48%
Paymaster71,700 ARS-62%
Payroll Clerk55,100 ARS-71%
Payroll Manager94,700 ARS-50%
Pensions Administrator68,300 ARS-64%
Pricing Analyst103,000 ARS-46%
Private Equity Analyst100,000 ARS-47%
Proposal Development Coordinator67,200 ARS-65%
Receivables Accountant59,700 ARS-68%
Regulatory Accountant70,500 ARS-63%
Retirement Plan Analyst94,000 ARS-50%
Revenue Management Specialist79,700 ARS-58%
Revenue Recognition Analyst116,000 ARS-39%
Risk Management Director141,000 ARS-26%
Risk Management Supervisor109,000 ARS-42%
Tax Accountant67,500 ARS-64%
Tax Advisor89,600 ARS-53%
Tax Associate72,900 ARS-62%
Tax Manager132,000 ARS-30%
Teller42,200 ARS-78%
Treasury Accountant70,500 ARS-63%
Treasury Analyst97,500 ARS-49%
Underwriter51,800 ARS-73%
Underwriting Assistant47,900 ARS-75%
Vice President of Finance132,000 ARS-30%

Salary Comparison By City

CityAverage Salary
Avellaneda182,000 ARS
Bahia Blanca195,000 ARS
Buenos Aires211,000 ARS
Cordoba211,000 ARS
Corrientes194,000 ARS
La Plata191,000 ARS
Lanus170,000 ARS
Mar del Plata192,000 ARS
Mendoza167,000 ARS
Neuquen184,000 ARS
Quilmes189,000 ARS
Resistencia187,000 ARS
Rosario210,000 ARS
Salta190,000 ARS
San Juan172,000 ARS
San Miguel de Tucuman189,000 ARS
Santa Fe189,000 ARS
Santiago del Estero187,000 ARS
11000 - 2

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