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Chief Financial Officer Average Salary in Argentina 2020

How much money does a Chief Financial Officer make in Argentina?


Average Monthly Salary
193,000 ARS
( 2,320,000 ARS yearly)

LOW
104,000
ARS
AVERAGE
193,000
ARS
HIGH
292,000
ARS

A person working as a Chief Financial Officer in Argentina typically earns around 193,000 ARS per month. Salaries range from 104,000 ARS (lowest) to 292,000 ARS (highest).

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

Chief Financial Officer Salary Distribution in Argentina

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

  • Salary Range

    Chief Financial Officer salaries in Argentina range from 104,000 ARS per month (minimum salary) to 292,000 ARS per month (maximum salary).

  • Median Salary

    The median salary is 178,000 ARS per month, which means that half (50%) of people working as Chief Financial Officer(s) are earning less than 178,000 ARS while the other half are earning more than 178,000 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 Chief Financial Officer(s) are earning less than 127,000 ARS while 75% of them are earning more than 127,000 ARS. Also from the diagram, 75% of Chief Financial Officer(s) are earning less than 216,000 ARS while 25% are earning more than 216,000 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

Chief Financial Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Argentina Chief Financial 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 your wage. We broke down Chief Financial Officer salaries by experience level and this is what we found.

A Chief Financial Officer with less than two years of experience makes approximately 121,000 ARS per month.

While someone with an experience level between two and five years is expected to earn 153,000 ARS per month, 26% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 202,000 ARS per month, 32% 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, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 238,000 ARS per month, 18% 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 263,000 ARS per month, 11% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 280,000 ARS per month, 6% more than people with fifteen to twenty years of experience.


Chief Financial Officer average salary change by experience in Argentina

0 - 2 Years
121,000 ARS
2 - 5 Years+26%
153,000 ARS
5 - 10 Years+32%
202,000 ARS
10 - 15 Years+18%
238,000 ARS
15 - 20 Years+11%
263,000 ARS
20+ Years+6%
280,000 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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Chief Financial Officer Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Argentina Chief Financial 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 Chief Financial Officer salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Chief Financial Officer is 148,000 ARS per month.

While someone with a Certificate or Diploma gets a salary of 166,000 ARS per month, 13% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 219,000 ARS per month, 32% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 271,000 ARS per month, 24% more than someone with Bachelor's Degree.


Chief Financial Officer average salary difference by education level in Argentina

High School
148,000 ARS
Certificate or Diploma+13%
166,000 ARS
Bachelor's Degree+32%
219,000 ARS
Master's Degree+24%
271,000 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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Chief Financial Officer Salary Comparison By Gender

Salary comparison by gender monthly Argentina Chief Financial Officer
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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 Chief Financial Officer employees in Argentina earn 7% more than their female counterparts.

Female
186,000 ARS
Male+7%
199,000 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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Chief Financial Officer Average Annual Salary Increment Percentage in Argentina

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

Chief Financial Officer

Chief Financial Officer(s) in Argentina are likely to observe a salary increase of approximately 15% every 17 months. The national average annual increment for all professions combined is 9% granted to employees every 17 months.

Annual Salary Increment Rate Argentina Chief Financial 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 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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Chief Financial Officer Bonus and Incentive Rates in Argentina

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

23% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 77% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 7% of their annual salary.

Received Bonus
77%
No Bonus
23%

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 Chief Financial Officer 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

Chief Financial Officer Salary Trend and Forecast in Argentina

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

Salary trends and forecast monthly Argentina Chief Financial Officer
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Average Salary 2016
178,000 ARS
Average Salary 2017+4%
184,000 ARS
Average Salary 2018+1%
187,000 ARS
Average Salary 2019+2%
190,000 ARS
Percentage increase and decrease are relative to the previous value

Chief Financial Officer 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 2% 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.

Chief Financial Officer Average Hourly Wage in Argentina


1,120 ARS per hour

The average hourly wage (pay per hour) in Argentina is 1,120 ARS. This means that the average Chief Financial Officer in Argentina earns approximately 1,120 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.

Chief Financial Officer VS Other Jobs

Salary Comparison Between Chief Financial Officer and Executive and Management monthly Argentina
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The average salary for Chief Financial Officer is 57% more than that of Executive and Management. Also, Executive and Management salaries are 36% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator90,500 ARS-53%
Administration Manager102,000 ARS-47%
Area Manager97,500 ARS-50%
Asset Protection Associate114,000 ARS-41%
Assistant Director107,000 ARS-45%
Assistant Manager113,000 ARS-42%
Assistant Operations Manager123,000 ARS-36%
Assistant Project Manager106,000 ARS-45%
Assistant Section Head89,600 ARS-54%
Assistant to CEO103,000 ARS-47%
Assistant Vice President121,000 ARS-37%
Associate Director114,000 ARS-41%
Bid Manager125,000 ARS-35%
Branch Manager123,000 ARS-36%
Business Development Manager129,000 ARS-33%
Business Operations Associate109,000 ARS-44%
Business Operations Lead114,000 ARS-41%
Campaign Manager118,000 ARS-39%
Chairman of The Board199,000 ARS+3%
Chairman Office Manager132,000 ARS-32%
Chief Corporate Officer165,000 ARS-15%
Chief Executive Officer217,000 ARS+12%
Chief Financial Officer193,000 ARS-0%
Chief of Staff101,000 ARS-48%
Chief Operating Officer140,000 ARS-28%
Chief Risk Officer139,000 ARS-28%
Client Services Manager132,000 ARS-32%
Commercial Project Manager115,000 ARS-41%
Commodity Broker86,200 ARS-55%
Corporate Affairs Executive129,000 ARS-33%
Corporate Compliance Director130,000 ARS-33%
Corporate Director138,000 ARS-29%
Corporate Officer94,500 ARS-51%
Corporate Partnerships Officer95,900 ARS-50%
Country Manager159,000 ARS-18%
Deputy Director144,000 ARS-26%
Director162,000 ARS-16%
Director of Accreditation137,000 ARS-29%
Director of Catering Services124,000 ARS-36%
Director of Client Services129,000 ARS-33%
Director of Facilities Management115,000 ARS-41%
Director of Operations137,000 ARS-29%
Director of Process Simplification105,000 ARS-46%
Director of Project Management146,000 ARS-24%
Director of Revenue Management126,000 ARS-35%
Director of Training and Development137,000 ARS-29%
Distribution Manager148,000 ARS-23%
Division Manager121,000 ARS-37%
Duty Manager123,000 ARS-36%
Engagement Manager140,000 ARS-28%
Executive Director195,000 ARS+1%
Executive Manager173,000 ARS-11%
Franchise Manager183,000 ARS-5%
General Manager156,000 ARS-19%
Global Master Data Manager149,000 ARS-23%
Head of Middle Office125,000 ARS-35%
Head of Projects141,000 ARS-27%
Head of Sustainability111,000 ARS-43%
Housing Manager113,000 ARS-42%
HSE Manager114,000 ARS-41%
Key Account Manager113,000 ARS-42%
Knowledge Manager133,000 ARS-31%
Location Manager125,000 ARS-35%
Logistics Manager112,000 ARS-42%
Management Consultant107,000 ARS-45%
Management Executive144,000 ARS-26%
Manager145,000 ARS-25%
Managing Director164,000 ARS-15%
MIS Executive142,000 ARS-27%
Ocean Services Manager144,000 ARS-26%
Operations Assistant99,900 ARS-48%
Operations Director160,000 ARS-17%
Operations Executive151,000 ARS-22%
Operations Manager148,000 ARS-23%
Operations Supervisor133,000 ARS-31%
Policy Administration Executive118,000 ARS-39%
Private Sector Executive124,000 ARS-36%
Product Development Manager139,000 ARS-28%
Product Executive117,000 ARS-39%
Production Executive140,000 ARS-28%
Production Manager143,000 ARS-26%
Production Supervisor116,000 ARS-40%
Program Manager151,000 ARS-22%
Programme Coordinator101,000 ARS-48%
Project Control Manager145,000 ARS-25%
Project Coordinator82,400 ARS-57%
Project Management Officer95,700 ARS-51%
Project Manager105,000 ARS-46%
Project Portfolio Manager109,000 ARS-44%
Quality Manager115,000 ARS-41%
R/D Director122,000 ARS-37%
Regional Director197,000 ARS+2%
Regional Manager140,000 ARS-28%
Relationship Manager144,000 ARS-26%
Retail District Manager103,000 ARS-47%
Revenue Manager112,000 ARS-42%
Risk and Capital Manager153,000 ARS-21%
Risk Officer103,000 ARS-47%
Safety Manager109,000 ARS-44%
Section Head109,000 ARS-44%
Service Manager113,000 ARS-42%
Shift Supervisor83,300 ARS-57%
Solutions Manager98,600 ARS-49%
Supervisor81,600 ARS-58%
Supply Chain Manager152,000 ARS-21%
Surveyor94,500 ARS-51%
Technical Manager136,000 ARS-30%
Territory Manager138,000 ARS-29%
Validation Manager120,000 ARS-38%
Vice President162,000 ARS-16%
Zone Manager141,000 ARS-27%

Salary Comparison By City

CityAverage Salary
Avellaneda184,000 ARS
Bahia Blanca188,000 ARS
Buenos Aires217,000 ARS
Cordoba206,000 ARS
Corrientes187,000 ARS
La Plata195,000 ARS
Lanus180,000 ARS
Mar del Plata196,000 ARS
Mendoza180,000 ARS
Neuquen196,000 ARS
Quilmes191,000 ARS
Resistencia190,000 ARS
Rosario215,000 ARS
Salta203,000 ARS
San Juan184,000 ARS
San Miguel de Tucuman203,000 ARS
Santa Fe193,000 ARS
Santiago del Estero190,000 ARS
30000 - 1

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