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Insurance Average Salaries in Buenos Aires 2023

How much money does a person working in Insurance make in Buenos Aires?

Average Monthly Salary
52,200 ARS
( 626,000 ARS yearly)


A person working in Insurance in Buenos Aires typically earns around 52,200 ARS per month. Salaries range from 19,300 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 Insurance 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
Actuarial Analyst69,600 ARS
Actuarial Assistant46,800 ARS
Actuary67,600 ARS
Adjustment Insurance Clerk18,300 ARS
Assistant Broker31,900 ARS
Assistant Claims Manager57,500 ARS
Associate Insurance Representative26,100 ARS
Auditing Insurance Manager77,400 ARS
Broker52,000 ARS
Claim Advocacy Professional49,600 ARS
Claims Adjuster18,500 ARS
Claims Analyst27,400 ARS
Claims Examiner26,100 ARS
Claims Manager75,000 ARS
Claims Processor18,900 ARS
Claims Representative21,900 ARS
Claims Resolution Specialist56,400 ARS
Claims Supervisor53,100 ARS
Complaints Specialist49,100 ARS
Compliance Officer40,300 ARS
Consultant53,100 ARS
Eligibility Specialist51,500 ARS
Insurance Account Manager64,500 ARS
Insurance Accounts Executive56,400 ARS
Insurance Agent31,600 ARS
Insurance Analyst53,000 ARS
Insurance Appraiser54,300 ARS
Insurance Claims Clerk19,300 ARS
Insurance Examiner45,300 ARS
Insurance Investigator49,300 ARS
Insurance Manager87,800 ARS
Insurance Operations Manager91,200 ARS
Insurance Policy Processing Clerk18,600 ARS
Insurance Pricing Assistant39,400 ARS
Insurance Program Manager65,400 ARS
Insurance Project Manager67,700 ARS
Insurance Quality Assurance Agent45,800 ARS
Insurance Sales Agent31,400 ARS
Insurance Sales Director81,300 ARS
Insurance Team Leader56,700 ARS
Insurance Underwriter36,800 ARS
Loss Control Specialist52,100 ARS
Loss Prevention Investigator53,600 ARS
Loss Prevention Manager71,700 ARS
Loss Prevention Specialist55,500 ARS
Marine Underwriter39,800 ARS
Medical Auditor51,800 ARS
Monitoring and Performance Officer37,500 ARS
Payment Services Specialist51,700 ARS
Policy Change Director80,900 ARS
Policy Change Supervisor53,300 ARS
Policy Change Technician25,300 ARS
Risk Analyst58,900 ARS
Risk Management Director97,600 ARS
Risk Management Supervisor66,600 ARS
Risk Manager94,800 ARS
Risk Modeling Manager100,000 ARS
Title Insurance Typist43,600 ARS
Training Manager55,700 ARS

Insurance Jobs Pay Scale and Salaries in Buenos Aires

Median and salary distribution Buenos Aires Insurance monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
51,800 ARS or more
10% of people earn
43,700 to 51,800 ARS
20% of people earn
25,800 ARS or less
65% of people earn
25,800 to 43,700 ARS
Minimum Salary
19,300 ARS
47,200 ARS
101,000 ARS

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

  • Salary Range, Minimum Wage, and Starting Salary

    Insurance salaries in Buenos Aires range from 19,300 ARS per month (starting average salary) to 101,000 ARS per month (maximum average salary, actual maximum is higher). This is not the minimum wage as per the law, only the lowest reported number in the salary survey that had thousands of participants and professionals from all over the country.

  • Median Salary

    The median salary is 47,200 ARS per month, which means that half (50%) of people working in Insurance are earning less than 47,200 ARS while the other half are earning more than 47,200 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 and Salary Scale

    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 Insurance are earning less than 36,400 ARS while 75% of them are earning more than 36,400 ARS. Also from the diagram, 75% of people working in Insurance are earning less than 57,000 ARS while 25% are earning more than 57,000 ARS.

  • Pay Scale Structure

    We grouped the most common and recurring salaries into brackets to give more insight into what salary to expect. This method is more accurate than just the average salary and gives more insights on how salaries are actually distributed. Around 65% of all reported figures are in the range 25,800 ARS to 43,700 ARS. Approximatly 20% fall under the 25,800 ARS cap. Ten percent of wages are from 43,700 ARS to 51,800 ARS. Only 5% of people grossed 51,800 ARS or more.

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.

Salary and Compensation Comparison By Gender - Insurance

Salary comparison by gender Argentina Insurance 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? Male employees in Argentina who work in Insurance earn 5% more than their female counterparts on average.

46,300 ARS
44,100 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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Insurance Average Annual Salary Increment Percentage in Argentina

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


Insurance professionals in Argentina are likely to observe a salary increase of approximately 10% 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 Insurance
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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 2022

Information Technology

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

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.

Insurance Bonus and Incentive Rates in Argentina

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Argentina Insurance
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Insurance is considered to be a moderate bonus-based field. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.

49% of surveyed staff in Insurance 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 6% of their annual salary.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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.

Insurance Salary Forecast and Trend in Argentina

How do Insurance salaries change over time? Listed below is a chart that shows the average salary in recent years.

Average Salary 2019
41,300 ARS
Average Salary 2020+3%
42,400 ARS
Average Salary 2021+2%
43,100 ARS
Average Salary 2022+3%
44,400 ARS
Percentage increase and decrease are relative to the previous value

Insurance salaries in Argentina are rising in the year 2023 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2022 are 3% higher than those of 2021. The trend suggests a slow yet continuous increase in pay in 2024 and future years. These numbers may vary from industry to another.

Salary trends and forecast monthly Argentina Insurance
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Insurance Hourly Average Wage in Buenos Aires

300 ARS per hour

The average hourly wage (pay per hour) in Buenos Aires is 300 ARS. This means that the average person in Buenos Aires earns approximately 300 ARS 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 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.

What is the minimum hourly rate of pay?

This minimum pay rate per hour for a person in Buenos Aires is 110 ARS. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Insurance VS Other Jobs

52,200 ARS
52,000 ARS
Average Salary
Average Salary
All Jobs

The average salary for Insurance is 0% more than that of All Jobs.

Salary Comparison Between Insurance and Insurance monthly Buenos Aires
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Buenos Aires VS Argentina

Salary Comparison Between Buenos Aires and Argentina monthly Insurance
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We compared Insurance salaries in Buenos Aires and Argentina and we found that Buenos Aires salaries are 15% more than those of Argentina.

Salary Comparison By City

CityAverage Salary
Avellaneda45,700 ARS
Bahia Blanca48,600 ARS
Buenos Aires52,200 ARS
Cordoba51,700 ARS
Corrientes49,000 ARS
La Plata50,900 ARS
Lanus46,300 ARS
Mar del Plata50,600 ARS
Mendoza44,700 ARS
Neuquen47,000 ARS
Quilmes46,700 ARS
Resistencia47,900 ARS
Rosario51,300 ARS
Salta49,700 ARS
San Juan44,500 ARS
San Miguel de Tucuman50,000 ARS
Santa Fe49,200 ARS
Santiago del Estero47,500 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

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for Insurance in Buenos Aires?

A good and competitive compensation would range anywhere between 47,200 ARS and 57,000 ARS. This is a very rough estimate and your experience and education will play a very huge part into your 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 salart after tax for every career.

Base / Basic Salary

The base salary for Insurance in Buenos Aires is ranges from 36,400 ARS to 57,000 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 in 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 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

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