Banking Average Salaries in Buenos Aires 2023
How much money does a person working in Banking make in Buenos Aires?
LOW
17,800
ARS AVERAGE
56,500
ARS HIGH
116,000
ARS
A person working in Banking in Buenos Aires typically earns around 56,500 ARS per month. Salaries range from 17,800 ARS (lowest average) to 116,000 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 Title | Average Salary |
| AML Analyst | 75,700 ARS |
| Assistant Bank Branch Manager | 70,500 ARS |
| Assistant Bank Manager | 90,200 ARS |
| ATM Manager | 72,800 ARS |
| ATM Service Technician | 21,200 ARS |
| Bank Accounts Analyst | 29,700 ARS |
| Bank Accounts Controller | 40,200 ARS |
| Bank Accounts Executive | 57,100 ARS |
| Bank Accounts Manager | 63,200 ARS |
| Bank Auditing Manager | 65,300 ARS |
| Bank Branch Manager | 91,000 ARS |
| Bank Clerk | 17,200 ARS |
| Bank Compliance Specialist | 49,700 ARS |
| Bank Manager | 113,000 ARS |
| Bank Operational Risk Manager | 108,000 ARS |
| Bank Operations Head | 114,000 ARS |
| Bank Operations Officer | 44,800 ARS |
| Bank Operations Specialist | 67,400 ARS |
| Bank Process Manager | 59,300 ARS |
| Bank Product Manager | 69,400 ARS |
| Bank Programme Manager | 76,900 ARS |
| Bank Project Manager | 89,200 ARS |
| Bank Propositions Manager | 80,900 ARS |
| Bank Quantitative Analyst | 54,300 ARS |
| Bank Regional Manager | 109,000 ARS |
| Bank Regional Risk Officer | 55,800 ARS |
| Bank Relationship Manager | 84,400 ARS |
| Bank Relationship Officer | 36,400 ARS |
| Banker | 39,500 ARS |
| Banking Business Analyst | 57,300 ARS |
| Banking Business Development Officer | 35,600 ARS |
| Banking Business Planning Executive | 80,900 ARS |
| Banking Product Manager | 70,400 ARS |
| Banking Reference Data Manager | 59,400 ARS |
| Banking Risk Analyst | 55,000 ARS |
| Banking Technical Analyst | 28,800 ARS |
| Bankruptcy Coordinator | 38,200 ARS |
| Budget Analyst | 55,500 ARS |
| Cards Marketing Manager | 70,100 ARS |
| Cash Management Manager | 95,000 ARS |
| Check Processing Manager | 74,200 ARS |
| Commercial Vault Associate | 55,500 ARS |
| Corporate Dealer | 56,500 ARS |
| Credit Analyst | 43,000 ARS |
| Credit and Collections Manager | 78,900 ARS |
| Credit Card Fraud Investigator | 57,800 ARS |
| Credit Portfolio Manager | 102,000 ARS |
| Credit Risk Analyst | 62,500 ARS |
| Credit Risk Associate | 62,100 ARS |
| Direct Bank Sales Representative | 41,800 ARS |
| Financial Bank Planning Consultant | 70,900 ARS |
| Financial Banking Analysis Manager | 79,400 ARS |
| Financial Banking Assistant | 27,200 ARS |
| Financial Banking Systems Manager | 74,300 ARS |
| Foreign Exchange Manager | 84,000 ARS |
| Fraud Analyst | 61,600 ARS |
| Fraud Detection Associate | 39,800 ARS |
| Fraud Detection Manager | 88,700 ARS |
| Fraud Detection Supervisor | 50,800 ARS |
| Internal Bank Audit Manager | 107,000 ARS |
| Internal Bank Auditor | 54,400 ARS |
| International Banking Manager | 110,000 ARS |
| Loan Analyst | 58,100 ARS |
| Loan Area Manager | 67,500 ARS |
| Loan Audit Team Leader | 63,200 ARS |
| Loan Branch Manager | 66,100 ARS |
| Loan Business Development Officer | 34,100 ARS |
| Loan Clerk | 19,000 ARS |
| Loan Collection Manager | 68,100 ARS |
| Loan Collector | 18,800 ARS |
| Loan Examiner | 23,900 ARS |
| Loan Processing Manager | 62,400 ARS |
| Loan Processor | 24,900 ARS |
| Loan Quality Assurance Auditor | 59,100 ARS |
| Loan Quality Assurance Manager | 62,900 ARS |
| Loan Quality Assurance Representative | 44,300 ARS |
| Loan Review Manager | 63,900 ARS |
| Loan Team Leader | 54,500 ARS |
| Mortgage Advisor | 39,700 ARS |
| Mortgage Collection Manager | 63,900 ARS |
| Mortgage Collector | 18,800 ARS |
| Mortgage Credit Analyst | 29,300 ARS |
| Mortgage Credit Manager | 65,000 ARS |
| Mortgage Development Manager | 71,300 ARS |
| Mortgage Document Reviewer | 25,600 ARS |
| Mortgage Funding Manager | 72,800 ARS |
| Mortgage Operations Manager | 94,900 ARS |
| Mortgage Payment Processing Clerk | 22,100 ARS |
| Mortgage Processing Manager | 61,400 ARS |
| Mortgage Processor | 25,500 ARS |
| Mortgage Quality Assurance Auditor | 54,700 ARS |
| Mortgage Quality Assurance Manager | 66,100 ARS |
| Mortgage Servicing Clerk | 18,800 ARS |
| Mortgage Servicing Manager | 63,300 ARS |
| Mortgage Underwriter | 23,600 ARS |
| Online Banking Manager | 98,700 ARS |
| Payment Processing Clerk | 19,200 ARS |
| Personal Banker | 41,200 ARS |
| Personal Banking Advisor | 43,500 ARS |
| Phone Banker | 28,200 ARS |
| Private Banker | 41,400 ARS |
| Reconciliation and Investigation Specialist | 45,700 ARS |
| Teller | 18,900 ARS |
| Trade Officer | 23,700 ARS |
| Trade Product Manager | 64,900 ARS |
| Trader | 28,700 ARS |
| Treasury Operations Officer | 50,300 ARS |
Banking Jobs Salary Distribution in Buenos Aires
The median, the maximum, the minimum, and the range
Salary Range
Banking salaries in Buenos Aires range from 17,800 ARS per month (minimum average salary) to 116,000 ARS per month (maximum average salary, actual maximum is higher).
Median Salary
The median salary is 55,400 ARS per month, which means that half (50%) of people working in Banking are earning less than 55,400 ARS while the other half are earning more than 55,400 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 32,900 ARS while 75% of them are earning more than 32,900 ARS. Also from the diagram, 75% of people working in Banking are earning less than 84,000 ARS while 25% are earning more than 84,000 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?
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.
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.
Salary Comparison By Education
How does the education level affect your salary?
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.
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
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 |
Salary Comparison By Gender in Argentina for all Careers
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.
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
Annual Increment Rate By Industry 2022
| 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 2022. 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
Banking Bonus and Incentive Rates in Argentina
How much and how often are bonuses being awarded?
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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 BonusesThe most standard form of bonus where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 Buenos Aires
330 ARS per hourThe average hourly wage (pay per hour) in Buenos Aires is 330 ARS. This means that the average person in Buenos Aires earns approximately 330 ARS for every worked hour.
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
The average salary for Banking is 9% more than that of All Jobs.
Buenos Aires VS Argentina
Salary Comparison By City
| City | Average Salary |
| Avellaneda | 49,500 ARS |
| Bahia Blanca | 52,700 ARS |
| Buenos Aires | 56,500 ARS |
| Cordoba | 56,100 ARS |
| Corrientes | 53,100 ARS |
| La Plata | 55,200 ARS |
| Lanus | 50,200 ARS |
| Mar del Plata | 54,800 ARS |
| Mendoza | 48,500 ARS |
| Neuquen | 50,900 ARS |
| Quilmes | 50,700 ARS |
| Resistencia | 51,900 ARS |
| Rosario | 55,600 ARS |
| Salta | 53,800 ARS |
| San Juan | 48,200 ARS |
| San Miguel de Tucuman | 54,200 ARS |
| Santa Fe | 53,400 ARS |
| Santiago del Estero | 51,500 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 |
