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Average Salary in Argentina 2020

How much money does a person working in Argentina make?


Average Monthly Salary
90,600 ARS
( 1,090,000 ARS yearly)

LOW
12,300
ARS
AVERAGE
90,600
ARS
HIGH
401,000
ARS

A person working in Argentina typically earns around 90,600 ARS per month. Salaries range from 12,300 ARS (lowest average) to 401,000 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 careers. If you are interested in the salary of a particular job, see below for salaries for specific job titles.

Distribution of Salaries in Argentina

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

  • Salary Range

    Salaries in Argentina range from 12,300 ARS per month (minimum salary) to 401,000 ARS per month (maximum average salary, actual maximum is higher).

  • Median Salary

    The median salary is 83,300 ARS per month, which means that half (50%) of the population are earning less than 83,300 ARS while the other half are earning more than 83,300 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 the population are earning less than 43,000 ARS while 75% of them are earning more than 43,000 ARS. Also from the diagram, 75% of the population are earning less than 223,000 ARS while 25% are earning more than 223,000 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 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 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 Comparison By Gender

Salary comparison by gender monthly Argentina
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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 earn 7% more than their female counterparts.

Female
87,000 ARS
Male+7%
93,200 ARS
Percentage increase and decrease are relative to the previous value

Average Annual Salary Increment Percentage in Argentina

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

Argentina

Employees in Argentina are likely to observe a salary increase of approximately 9% every 17 months.

Annual Salary Increment Rate Argentina
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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.

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.


Average Salary Increase Rate by Experience Level

Junoir Level
3% - 5%
Mid-Career
6% - 9%
Senior Level
10% - 15%
Top Management
15% - 20%

The difference in increment rates is somehow justified because employers put more effort to retain more experienced staff since they are harder to acquire than less experienced ones.

Worldwide Salary Raises: All Countries and All Jobs

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Bonus and Incentive Rates in Argentina

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Argentina
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53% of surveyed staff in Argentina reported that they haven't received any bonuses or incentives in the previous year while 47% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 4% to 5% of their annual salary.

Received Bonus
47%
No Bonus
53%

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.


Bonus Rates Comparison by Career Field

Finance
High
Architecture
High
Sales
High
Business Development
High
Marketing / Advertising
High
Information Technology
Moderate
Healthcare
Moderate
Insurance
Moderate
Customer Service
Moderate
Human Resources
Moderate
Construction
Low
Transport
Low
Hospitality
Low

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 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

Salary Trend and Forecast in Argentina

How are Argentina salaries changing over time? The chart below shows the average salary change in the past few years.

Salary trends and forecast monthly Argentina
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Average Salary 2016
83,300 ARS
Average Salary 2017+4%
86,300 ARS
Average Salary 2018+1%
87,500 ARS
Average Salary 2019+2%
88,900 ARS
Percentage increase and decrease are relative to the previous value

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.

Salaries for popular jobs

Job TitleAverage Salary
Accounting and Finance
Accountant64,500 ARS
Accounting Assistant62,700 ARS
Accounting Manager117,000 ARS
Bookkeeper50,200 ARS
Chartered Accountant79,300 ARS
Corporate Treasurer169,000 ARS
Financial Analyst94,400 ARS
Financial Manager189,000 ARS
Internal Auditor96,100 ARS

Administration / Reception / Secretarial
Administrative Assistant47,800 ARS
Office Manager64,400 ARS
Receptionist53,100 ARS
Secretary47,400 ARS

Advertising / Grapic Design / Events
Art Director87,800 ARS
Creative Director97,700 ARS
Graphic Designer63,200 ARS
Photographer63,300 ARS

Airlines / Aviation / Aerospace / Defense
Aerospace Engineer97,900 ARS
Air Traffic Controller92,100 ARS
Flight Attendant80,100 ARS
Pilot105,000 ARS

Architecture
Architect84,400 ARS
CAD Drafter66,100 ARS

Automotive
Mechanic50,700 ARS
Service Advisor70,200 ARS

Banking
Bank Branch Manager137,000 ARS
Teller63,300 ARS

Bilingual
Teacher69,400 ARS
Translator79,300 ARS

Business Planning
Business Analyst106,000 ARS
Business Development Manager145,000 ARS
Project Manager105,000 ARS

Care Giving and Child Care
Nanny56,200 ARS
Nursery Teacher64,200 ARS

Construction / Building / Installation
Civil Engineer85,200 ARS
Construction Project Manager113,000 ARS
Health and Safety Officer56,200 ARS

Customer Service and Call Center
Call Center Representative61,900 ARS
Customer Service Manager117,000 ARS
Customer Service Representative63,000 ARS

Engineering
Civil Engineer84,400 ARS
Electrical Engineer94,100 ARS
Engineer80,200 ARS
Mechanical Engineer91,400 ARS

Executive and Management
Chief Executive Officer217,000 ARS
Chief Financial Officer193,000 ARS
General Manager156,000 ARS
Project Manager105,000 ARS

Food / Hospitality / Tourism / Catering
Chef71,700 ARS
Executive Chef78,800 ARS
Hotel Manager137,000 ARS
Receptionist65,900 ARS
Travel Agent76,200 ARS
Waiter / Waitress56,800 ARS

Health and Medical
Dentist218,000 ARS
Dietitian215,000 ARS
Laboratory Technician70,300 ARS
Nurse73,100 ARS

Human Resources
Human Resources Manager123,000 ARS
Human Resources Officer75,400 ARS

Information Technology
Computer Technician73,600 ARS
Database Administrator89,800 ARS
Developer / Programmer79,600 ARS
Information Technology Manager137,000 ARS
Network Engineer80,100 ARS

Law Enforcement / Security / Fire
Police Officer72,400 ARS

Legal
Attorney131,000 ARS
Legal Assistant65,500 ARS

Media / Broadcasting / Arts / Entertainment
Journalist94,100 ARS

Pharmaceutical and Biotechnology
Biomedical Engineer76,500 ARS
Pharmacist102,000 ARS

Sales Retail and Wholesale
Cashier54,300 ARS
Sales Manager144,000 ARS
Sales Representative60,300 ARS

Teaching / Education
Elementary School Teacher61,900 ARS
Secondary School Teacher73,900 ARS

Average Hourly Wage in Argentina


520 ARS per hour

The average hourly wage (pay per hour) in Argentina is 520 ARS. This means that the average person in Argentina earns approximately 520 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.

Salary Comparison By City

CityAverage Salary
Avellaneda91,300 ARS
Bahia Blanca97,200 ARS
Buenos Aires104,000 ARS
Cordoba103,000 ARS
Corrientes97,900 ARS
La Plata102,000 ARS
Lanus92,500 ARS
Mar del Plata101,000 ARS
Mendoza89,400 ARS
Neuquen93,900 ARS
Quilmes93,400 ARS
Resistencia95,700 ARS
Rosario103,000 ARS
Salta99,300 ARS
San Juan89,000 ARS
San Miguel de Tucuman100,000 ARS
Santa Fe98,400 ARS
Santiago del Estero95,000 ARS
20633 - 275

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