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Banking Average Salaries in Argentina 2022

How much money does a person working in Banking make in Argentina?


Average Monthly Salary
49,100 ARS
( 589,000 ARS yearly)

LOW
15,500
ARS
AVERAGE
49,100
ARS
HIGH
101,000
ARS

A person working in Banking in Argentina typically earns around 49,100 ARS per month. Salaries range from 15,500 ARS (lowest average) to 101,000 ARS (highest average, actual maximum salary is higher).

This is the average monthly salary including housing, transport, and other benefits. Salaries vary drastically between different Banking careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Salaries for specific jobs

Job TitleAverage Salary
AML Analyst69,200 ARS
Assistant Bank Branch Manager63,400 ARS
Assistant Bank Manager78,800 ARS
ATM Manager67,200 ARS
ATM Service Technician18,700 ARS
Bank Accounts Analyst28,100 ARS
Bank Accounts Controller36,400 ARS
Bank Accounts Executive49,300 ARS
Bank Accounts Manager57,800 ARS
Bank Auditing Manager60,900 ARS
Bank Branch Manager85,700 ARS
Bank Clerk15,900 ARS
Bank Compliance Specialist44,100 ARS
Bank Manager102,000 ARS
Bank Operational Risk Manager93,400 ARS
Bank Operations Head102,000 ARS
Bank Operations Officer40,400 ARS
Bank Operations Specialist58,200 ARS
Bank Process Manager55,300 ARS
Bank Product Manager 65,600 ARS
Bank Programme Manager69,200 ARS
Bank Project Manager79,100 ARS
Bank Propositions Manager72,800 ARS
Bank Quantitative Analyst51,600 ARS
Bank Regional Manager101,000 ARS
Bank Regional Risk Officer52,300 ARS
Bank Relationship Manager74,900 ARS
Bank Relationship Officer34,300 ARS
Banker35,000 ARS
Banking Business Analyst52,100 ARS
Banking Business Development Officer30,900 ARS
Banking Business Planning Executive69,800 ARS
Banking Product Manager61,200 ARS
Banking Reference Data Manager54,900 ARS
Banking Risk Analyst51,800 ARS
Banking Technical Analyst26,500 ARS
Bankruptcy Coordinator34,900 ARS
Budget Analyst52,800 ARS
Cards Marketing Manager66,300 ARS
Cash Management Manager87,300 ARS
Check Processing Manager65,200 ARS
Commercial Vault Associate48,200 ARS
Corporate Dealer52,100 ARS
Credit Analyst40,300 ARS
Credit and Collections Manager70,700 ARS
Credit Card Fraud Investigator54,700 ARS
Credit Portfolio Manager94,900 ARS
Credit Risk Analyst59,100 ARS
Credit Risk Associate55,400 ARS
Direct Bank Sales Representative37,900 ARS
Financial Bank Planning Consultant66,500 ARS
Financial Banking Analysis Manager72,600 ARS
Financial Banking Assistant23,800 ARS
Financial Banking Systems Manager68,600 ARS
Foreign Exchange Manager74,200 ARS
Fraud Analyst54,600 ARS
Fraud Detection Associate37,100 ARS
Fraud Detection Manager77,400 ARS
Fraud Detection Supervisor45,200 ARS
Internal Bank Audit Manager96,300 ARS
Internal Bank Auditor51,700 ARS
International Banking Manager99,800 ARS
Loan Analyst52,300 ARS
Loan Area Manager63,500 ARS
Loan Audit Team Leader59,500 ARS
Loan Branch Manager59,500 ARS
Loan Business Development Officer32,400 ARS
Loan Clerk17,300 ARS
Loan Collection Manager59,100 ARS
Loan Collector16,500 ARS
Loan Examiner22,200 ARS
Loan Processing Manager55,300 ARS
Loan Processor23,300 ARS
Loan Quality Assurance Auditor53,000 ARS
Loan Quality Assurance Manager59,500 ARS
Loan Quality Assurance Representative40,000 ARS
Loan Review Manager55,200 ARS
Loan Team Leader49,800 ARS
Mortgage Advisor34,600 ARS
Mortgage Collection Manager59,000 ARS
Mortgage Collector16,600 ARS
Mortgage Credit Analyst27,300 ARS
Mortgage Credit Manager58,000 ARS
Mortgage Development Manager67,100 ARS
Mortgage Document Reviewer23,100 ARS
Mortgage Funding Manager69,200 ARS
Mortgage Operations Manager88,000 ARS
Mortgage Payment Processing Clerk19,600 ARS
Mortgage Processing Manager55,900 ARS
Mortgage Processor22,200 ARS
Mortgage Quality Assurance Auditor51,300 ARS
Mortgage Quality Assurance Manager59,300 ARS
Mortgage Servicing Clerk17,300 ARS
Mortgage Servicing Manager55,600 ARS
Mortgage Underwriter22,400 ARS
Online Banking Manager85,700 ARS
Payment Processing Clerk17,700 ARS
Personal Banker36,000 ARS
Personal Banking Advisor 39,300 ARS
Phone Banker25,400 ARS
Private Banker36,400 ARS
Reconciliation and Investigation Specialist43,300 ARS
Teller17,700 ARS
Trade Officer21,000 ARS
Trade Product Manager60,800 ARS
Trader25,700 ARS
Treasury Operations Officer43,700 ARS

Banking Jobs Salary Distribution in Argentina

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

  • Salary Range

    Banking salaries in Argentina range from 15,500 ARS per month (minimum average salary) to 101,000 ARS per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 48,100 ARS per month, which means that half (50%) of people working in Banking are earning less than 48,100 ARS while the other half are earning more than 48,100 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 people working in Banking are earning less than 28,600 ARS while 75% of them are earning more than 28,600 ARS. Also from the diagram, 75% of people working in Banking are earning less than 73,000 ARS while 25% are earning more than 73,000 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

Salary Comparison by Years of Experience

How does a person's salary progress over time?

Salary Comparison By Experience Level
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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.

Generally speaking, employees having experience from two to five years earn on average 32% more than freshers and juniors across all industries and disciplines.

Professionals with experience of more than five years tend to earn on average 36% more than those with five years or less of work experience.


Change in salary based on experience varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of many different jobs. To view accurate figures, choose a specific job title.

As you hit the ten years mark, the salary increases by 21% and an additional 14% for those who have crossed the 15 years mark.

Those figures are presented as guidelines only. The numbers become more significant if you consider one job title at a time.

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.

Salary Comparison By Education

How does the education level affect your salary?

Salary Comparison By Education
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It is well known that higher education equals a bigger salary, but how much more money can a degree add to your income? We compared the salaries of professionals at the same level but with different college degrees levels across many jobs, below are our findings.


Change in salary based on education varies drastically from one location to another and depends hugely on the career field as well. The data displayed here is the combined average of multiple jobs. To view accurate figures, choose a specific job title.

Workers with a certificate or diploma earn on average 17% more than their peers who only reached the high school level.

Employees who earned a Bachelor's Degree earn 24% more than those who only managed to attain a cerificate or diploma.

Professionals who attained a Master's Degree are awarded salaries that are 29% more than those with a Bachelor's Degree.

Finally, PhD holders earn 23% more than Master's Degree holders on average while doing the same job.


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 226,000 Argentine Peso(s) to 677,000 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 this tactic. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.

The decision really depends on your situation and experience among many other factors. Putting all variables aside, if you can afford the costs of higher education then the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.

Banking Salary Comparison By Gender

Salary comparison by gender monthly Argentina Banking
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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 employees in Argentina who work in Banking earn 9% more than their female counterparts on average.

Male
51,200 ARS
Female-8%
47,100 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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Banking Average Annual Salary Increment Percentage in Argentina

How much are annual salary increments in Argentina for Banking professionals? How often do employees get salary raises?

Banking

Banking professionals in Argentina are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Argentina Banking
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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

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 2021

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 2021. 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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Banking Bonus and Incentive Rates in Argentina

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Argentina Banking
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Banking is considered to be a high bonus-based field 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.

25% of surveyed staff in Banking reported that they haven't received any bonuses or incentives in the previous year while 75% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
75%
No Bonus
25%

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.

Banking Hourly Average Wage in Argentina


280 ARS per hour

The average hourly wage (pay per hour) in Argentina is 280 ARS. This means that the average person in Argentina earns approximately 280 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.

Banking VS Other Jobs

Salary Comparison Between Banking and Banking monthly Argentina
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The average salary for Banking is 9% more than that of All Jobs.

Salary Comparison By City

CityAverage Salary
Avellaneda49,500 ARS
Bahia Blanca52,700 ARS
Buenos Aires56,500 ARS
Cordoba56,100 ARS
Corrientes53,100 ARS
La Plata55,200 ARS
Lanus50,200 ARS
Mar del Plata54,800 ARS
Mendoza48,500 ARS
Neuquen50,900 ARS
Quilmes50,700 ARS
Resistencia51,900 ARS
Rosario55,600 ARS
Salta53,800 ARS
San Juan48,200 ARS
San Miguel de Tucuman54,200 ARS
Santa Fe53,400 ARS
Santiago del Estero51,500 ARS

Government vs Private Sector Salary Comparison

Where can you get paid more, working for a private company or for the government? Public sector employees in Argentina earn 7% more than their private sector counterparts on average across all sectors.

Private Sector
43,600 ARS
Public Sector+7%
46,400 ARS
Percentage increase and decrease are relative to the previous value

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