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Banking Business Development Officer Average Salary in Argentina 2024

How much money does a person working as Banking Business Development Officer make in Argentina?


Average Monthly Salary
30,900 ARS
( 371,000 ARS yearly)

LOW
16,100
ARS
AVERAGE
30,900
ARS
HIGH
47,300
ARS
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Banking Business Development Officer in Argentina typically earns around 30,900 ARS. Salaries range from 16,100 ARS (lowest) to 47,300 ARS (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Banking Business Development Officer salaries in Argentina vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Banking Business Development Officer Pay Scale and Salaries in Argentina

Median and salary distribution Argentina Banking Business Development Officer monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
28,000 ARS or more
10% of people earn
24,900 to 28,000 ARS
20% of people earn
18,200 ARS or less
65% of people earn
18,200 to 24,900 ARS
Minimum Salary
16,100 ARS
Median
28,100 ARS
Maximum
47,300 ARS




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Banking Business Development Officer in Argentina range from 16,100 ARS (starting salary) to 47,300 ARS (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 28,100 ARS, half of the professionals who work as Banking Business Development Officer in Argentina earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Banking Business Development Officer in Argentina earn less than 23,300 ARS, while 75% earn more. Similarly, the chart shows that 75% earn less than 31,900 ARS while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Banking Business Development Officer in Argentina compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 18,200 ARS to 24,900 ARS. About 20% of salaries are below the 18,200 ARS mark, while 10% fall within the range of 24,900 ARS to 28,000 ARS. Only 5% of individuals have salaries exceeding 28,000 ARS.

Salary Comparison by Years of Experience / Banking Business Development Officer / Argentina

How do experience and age affect pay?

0 - 2 Years
18,300 ARS
2 - 5 Years+34%
24,500 ARS
5 - 10 Years+30%
31,800 ARS
10 - 15 Years+21%
38,600 ARS
15 - 20 Years+9%
42,100 ARS
20+ Years+5%
44,300 ARS
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Argentina Banking Business Development Officer
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Banking Business Development Officer and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 18,300 ARS.

While someone with an experience level between two and five years is expected to earn 24,500 ARS, 34% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 31,800 ARS, 30% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 38,600 ARS, 21% 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 42,100 ARS, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 44,300 ARS, 5% more than people with fifteen to twenty 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.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Banking Business Development Officer / Argentina

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Banking Business Development Officer.

Certificate or Diploma
21,700 ARS
Bachelor's Degree+52%
32,900 ARS
Master's Degree+42%
46,700 ARS
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Argentina Banking Business Development Officer
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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 salaries by education level for the position Banking Business Development Officer in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 21,700 ARS.


Level 2: Bachelor's Degree

At this level, the average salary becomes 32,900 ARS, 52% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 46,700 ARS, 42% more than the previous level.



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 227,000 ARS to 680,000 ARS 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 to a higher-paying job. The numbers seem to support the theory. 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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Salary and Compensation Comparison By Gender / Banking Business Development Officer / Argentina

Salary comparison by gender Argentina Banking Business Development Officer monthly
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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? For the people who work as Banking Business Development Officer in Argentina, the average difference between the salary of male and female employees is 7%.

Male
32,100 ARS
Female-6%
30,000 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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Average Annual Salary Increment Percentage / Banking Business Development Officer / Argentina

How much are annual salary increments in Argentina for individuals working as Banking Business Development Officer? How often do employees get salary raises?

Individuals working as Banking Business Development Officer in Argentina are likely to observe a salary increase of approximately 12% every 16 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Argentina Banking Business Development Officer
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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 rare 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%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Banking Business Development Officer / Argentina

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Argentina Banking Business Development Officer
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49% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 51% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 3% to 5% of their annual salary.

Received Bonus
51%
No Bonus
49%

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.

Average Hourly Wage / Banking Business Development Officer / Argentina


180 ARS per hour

The average hourly wage (pay per hour) for individuals working as Banking Business Development Officer in Argentina is 180 ARS.This is the rate they get paid for every worked hour.


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

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Banking Business Development Officer in Argentina is 93 ARS. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst69,200 ARS+120%
Assistant Bank Branch Manager63,400 ARS+110%
Assistant Bank Manager78,800 ARS+150%
ATM Manager67,200 ARS+120%
ATM Service Technician18,700 ARS-40%
Bank Accounts Analyst28,100 ARS-9%
Bank Accounts Collector16,800 ARS-46%
Bank Accounts Controller36,400 ARS+18%
Bank Accounts Executive49,300 ARS+59%
Bank Accounts Manager57,800 ARS+87%
Bank Auditing Manager60,900 ARS+97%
Bank Branch Manager85,700 ARS+180%
Bank Branch Operations Coordinator35,200 ARS+14%
Bank Clerk15,900 ARS-49%
Bank Client Service Associate23,700 ARS-23%
Bank Collector16,500 ARS-47%
Bank Compliance Specialist44,100 ARS+43%
Bank Manager102,000 ARS+230%
Bank Operational Risk Manager93,400 ARS+200%
Bank Operations Head102,000 ARS+230%
Bank Operations Officer40,400 ARS+31%
Bank Operations Specialist58,200 ARS+88%
Bank Process Manager55,300 ARS+79%
Bank Product Manager 65,600 ARS+110%
Bank Programme Manager69,200 ARS+120%
Bank Project Manager79,100 ARS+160%
Bank Propositions Manager72,800 ARS+140%
Bank Quantitative Analyst51,600 ARS+67%
Bank Regional Manager101,000 ARS+230%
Bank Regional Risk Officer52,300 ARS+69%
Bank Relationship Manager74,900 ARS+140%
Bank Relationship Officer34,300 ARS+11%
Bank Sustainability Analyst57,600 ARS+86%
Bank Teller17,000 ARS-45%
Banker35,000 ARS+13%
Banking Business Analyst52,100 ARS+69%
Banking Business Development Officer30,900 ARS-0%
Banking Business Planning Executive69,800 ARS+130%
Banking Data Analyst59,700 ARS+93%
Banking Product Manager61,200 ARS+98%
Banking Reference Data Manager54,900 ARS+78%
Banking Regulatory Compliance Officer61,900 ARS+100%
Banking Risk Analyst51,800 ARS+68%
Banking Technical Analyst26,500 ARS-14%
Bankruptcy Coordinator34,900 ARS+13%
Bill and Account Collector17,300 ARS-44%
Blockchain Analyst43,000 ARS+39%
Blockchain Architect50,500 ARS+63%
Blockchain Auditor45,200 ARS+46%
Blockchain Compliance Analyst47,100 ARS+52%
Blockchain Consultant49,800 ARS+61%
Blockchain Trade Facilitator41,100 ARS+33%
Budget Analyst52,800 ARS+71%
Capital Risk Manager97,300 ARS+210%
Cards Marketing Manager66,300 ARS+110%
Cash Management Manager87,300 ARS+180%
Check Processing Manager65,200 ARS+110%
Chief Blockchain Officer57,600 ARS+86%
Commercial Vault Associate48,200 ARS+56%
Corporate Banker36,000 ARS+16%
Corporate Dealer52,100 ARS+69%
Credit Analyst40,300 ARS+30%
Credit and Collections Manager70,700 ARS+130%
Credit Card Fraud Investigator54,700 ARS+77%
Credit Portfolio Manager94,900 ARS+210%
Credit Risk Analyst59,100 ARS+91%
Credit Risk Associate55,400 ARS+79%
Cryptocurrency Accountant31,000 ARS+0%
Cryptocurrency Adviser60,800 ARS+97%
Cryptocurrency Analyst46,000 ARS+49%
Cryptocurrency Compliance Manager57,800 ARS+87%
Cryptocurrency Trader52,300 ARS+69%
Digital Banking Manager67,100 ARS+120%
Digital Currency Analyst51,600 ARS+67%
Direct Bank Sales Representative37,900 ARS+23%
Exchange Control Consultant52,600 ARS+70%
Executive Account Analyst49,400 ARS+60%
Financial Bank Planning Consultant66,500 ARS+120%
Financial Banking Analysis Manager72,600 ARS+130%
Financial Banking Assistant23,800 ARS-23%
Financial Banking Systems Manager68,600 ARS+120%
Foreign Exchange Manager74,200 ARS+140%
Fraud Analyst54,600 ARS+77%
Fraud Detection Associate37,100 ARS+20%
Fraud Detection Manager77,400 ARS+150%
Fraud Detection Supervisor45,200 ARS+46%
Internal Bank Audit Manager96,300 ARS+210%
Internal Bank Auditor51,700 ARS+67%
Internal Private Banker37,800 ARS+22%
International Banking Manager99,800 ARS+220%
Investment Banking Analyst77,200 ARS+150%
Loan Analyst52,300 ARS+69%
Loan Area Manager63,500 ARS+110%
Loan Audit Team Leader59,500 ARS+92%
Loan Branch Manager59,500 ARS+92%
Loan Business Development Officer32,400 ARS+5%
Loan Clerk17,300 ARS-44%
Loan Collection and Recovery Manager59,800 ARS+93%
Loan Collection Manager59,100 ARS+91%
Loan Collector16,500 ARS-47%
Loan Examiner22,200 ARS-28%
Loan Officer19,000 ARS-39%
Loan Processing Manager55,300 ARS+79%
Loan Processor23,300 ARS-25%
Loan Quality Assurance Auditor53,000 ARS+71%
Loan Quality Assurance Manager59,500 ARS+92%
Loan Quality Assurance Representative40,000 ARS+29%
Loan Review Manager55,200 ARS+79%
Loan Team Leader49,800 ARS+61%
Loans Manager70,700 ARS+130%
Mortgage Advisor34,600 ARS+12%
Mortgage Collection Manager59,000 ARS+91%
Mortgage Collector16,600 ARS-46%
Mortgage Credit Analyst27,300 ARS-12%
Mortgage Credit Manager58,000 ARS+88%
Mortgage Development Manager67,100 ARS+120%
Mortgage Document Reviewer23,100 ARS-25%
Mortgage Funding Manager69,200 ARS+120%
Mortgage Operations Manager88,000 ARS+180%
Mortgage Payment Processing Clerk19,600 ARS-37%
Mortgage Processing Manager55,900 ARS+81%
Mortgage Processor22,200 ARS-28%
Mortgage Quality Assurance Auditor51,300 ARS+66%
Mortgage Quality Assurance Manager59,300 ARS+92%
Mortgage Servicing Clerk17,300 ARS-44%
Mortgage Servicing Manager55,600 ARS+80%
Mortgage Underwriter22,400 ARS-28%
Online Banking Manager85,700 ARS+180%
Open Banking Strategist54,300 ARS+76%
Payment Processing Clerk17,700 ARS-43%
Personal Banker36,000 ARS+16%
Personal Banking Advisor 39,300 ARS+27%
Phone Banker25,400 ARS-18%
Private Banker36,400 ARS+18%
Reconciliation and Investigation Specialist43,300 ARS+40%
Tax Officer31,700 ARS+3%
Teller17,700 ARS-43%
Trade Officer21,000 ARS-32%
Trade Product Manager60,800 ARS+97%
Trader25,700 ARS-17%
Treasury Operations Officer43,700 ARS+41%
Wealth Management Advisor74,200 ARS+140%

Salary Comparison By City

CityAverage Salary
Buenos Aires35,600 ARS

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Argentina is 7% on average across all career fields.

Private Sector
43,700 ARS
Public Sector+7%
46,600 ARS
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Banking Business Development Officer in Argentina?

A good and competitive compensation would range anywhere between 28,100 ARS and 31,900 ARS. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Banking Business Development Officer in Argentina ranges from 16,100 ARS to 23,300 ARS. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


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

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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