Average Formulation Technologist Salary in Argentina for 2024

In this article, we will look at the average Formulation Technologist salary for 2024 in Argentina and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Argentine peso. To keep things simple, we are using the ARS currency code instead of the currency symbol $.

How Much Does a Formulation Technologist Make in Argentina?

A Formulation Technologist working in Argentina will typically earn around 451,000 ARS per year, and this can range from the lowest average salary of about 215,100 ARS to the highest average salary of 707,600 ARS.

Average Annual Salary
451,000 ARS
Average Monthly Salary
37,583 ARS

Lowest Annual Salary
215,100 ARS
Lowest Monthly Salary
17,925 ARS

Highest Annual Salary
707,600 ARS
Highest Monthly Salary
58,966 ARS

These are average salaries for a Formulation Technologist in Argentina and include benefits such as housing and transport. It's also possible for a Formulation Technologist to earn more or less than the average salaries shown above.

Formulation Technologist salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Formulation Technologist Salaries in Argentina

So we've looked at the average salaries a Formulation Technologist will earn in Argentina. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Formulation Technologist can earn between 215,100 ARS and 707,600 ARS on average in Argentina. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for a Formulation Technologist in Argentina is 467,100 ARS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 467,100 ARS, and 50% of the population earn more than 467,100 ARS.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Formulation Technologist salary in Argentina, 25% of the population are earning less than 309,800 ARS while 75% of the population earn more than 309,800 ARS.

75% of the population earn less than 612,500 ARS, and 25% of the population earn more than 612,500 ARS.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Formulation Technologist Salary by Experience Level in Argentina

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average formulation technologist salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. A Formulation Technologist in Argentina that has less than two years of experience can expect to earn somewhere in the region of 252,300 ARS.
  • 2 - 5 Years Experience. With two to five years of experience the average Formulation Technologist salary would increase to 359,900 ARS.
  • 5 - 10 Years Experience. From five to ten years of experience as a Formulation Technologist, the average salary would be 472,100 ARS.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 581,300 ARS.
  • 15 - 20 Years Experience. A Formulation Technologist with 15 to 20 years of experience can earn an average of 615,300 ARS.
  • 20+ Years Experience. For a Formulation Technologist with more than 20 years, the expected average salary increases to 675,200 ARS.

Average Salary by Experience Chart

0-2 Years
252,300 ARS
2-5 Years +42%
359,900 ARS
5-10 Years +31%
472,100 ARS
10-15 Years +23%
581,300 ARS
15-20 Years +6%
615,300 ARS
20+ Years +10%
675,200 ARS

Formulation Technologist Salary by Education Level in Argentina

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for a Formulation Technologist in Argentina based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. A Formulation Technologist in Argentina with a bachelor's degree education can earn an average salary of 398,300 ARS.

  • Master's Degree. A Formulation Technologist in Argentina with a master's degree education can earn an average salary of 568,500 ARS.

Average Salary by Education Chart

Bachelor's Degree
398,300 ARS
Master's Degree +43%
568,500 ARS

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Argentina is around 226,000 to 677,000 ARS and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Formulation Technologist Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Argentina, a male formulation technologist will earn an average of 464,900 ARS, while a female formulation technologist will earn around 442,200 ARS.

This means that a male formulation technologist earns approximately 5% more than a female formulation technologist for performing the same job.

Average Salary by Gender Chart in Argentina

Male
464,900 ARS
Female -5%
442,200 ARS

Formulation Technologist Average Pay Raise in Argentina

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for a Formulation Technologist in Argentina is around 12% every 16 months.

The national average pay raise across all professions and industries in Argentina is around 9% every 17 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 12 ÷ 16 ) × 12  = 9%

What this means is that a Formulation Technologist in Argentina can expect to receive an average pay raise of around 9% every 12 months.

Annual Pay Raise by Industry in Argentina for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Argentina.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
1%
Energy
2%
Information Technology
3%
Healthcare
4%
Travel
5%
Construction
6%
Education
7%

Formulation Technologist Bonus and Incentive Rates in Argentina

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

A Formulation Technologist is a moderate bonus based job, with 55% of employees reporting at least one bonus in the last 12 months.

45% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
55%
No Bonus
45%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Argentina earn approximately 6% more than private sector employees in the same role.

Public Sector
556,000 ARS
Private Sector -6%
524,400 ARS

Salaries for Jobs Similar to a Formulation Technologist

In the table below, we have salary information for jobs that are similar to a Formulation Technologist in Argentina.

Job Title Category Salary
3D Lab Technologist Science and Technical Services 553,800 ARS
Algorithm Developer Science and Technical Services 683,800 ARS
Analytical Chemist Science and Technical Services 1,043,700 ARS
Anthropologist Science and Technical Services 814,100 ARS
Archeologist Science and Technical Services 675,200 ARS
Assistant Breeder Science and Technical Services 357,700 ARS
Astronomer Science and Technical Services 1,259,300 ARS
Atmospheric and Space Scientist Science and Technical Services 1,057,100 ARS
Behavior Analyst Science and Technical Services 698,200 ARS
Behavior Intervention Specialist Science and Technical Services 780,700 ARS
Behavior Specialist Science and Technical Services 732,400 ARS
Biochemist Science and Technical Services 1,165,400 ARS
Biofuels Processing Technician Science and Technical Services 448,500 ARS
Biofuels Production Manager Science and Technical Services 802,400 ARS
Biologist Science and Technical Services 1,198,300 ARS
Biomedical Laboratory Officer Science and Technical Services 437,900 ARS
Biomedical Scientist Science and Technical Services 1,224,800 ARS
Biophysicist Science and Technical Services 1,122,500 ARS
Chemical Engineer Science and Technical Services 575,100 ARS
Chemical Technologist Science and Technical Services 529,600 ARS
Chemist Science and Technical Services 1,136,700 ARS
Chief Technologist Science and Technical Services 988,600 ARS
Climate Change Analyst Science and Technical Services 785,400 ARS
Clinical Laboratory Scientist Science and Technical Services 1,180,700 ARS
Computer Scientist Science and Technical Services 934,900 ARS
Conservation Scientist Science and Technical Services 948,900 ARS
Data Science Specialist Science and Technical Services 725,700 ARS
Data Scientist Science and Technical Services 874,300 ARS
DNA Analyst Science and Technical Services 1,174,600 ARS
Ecologist Science and Technical Services 907,100 ARS
Economic Development Specialist Science and Technical Services 926,000 ARS
Flavourist Science and Technical Services 401,300 ARS
Food Scientist Science and Technical Services 733,300 ARS
Forensic Scientist Science and Technical Services 931,900 ARS
Fraud Investigator Science and Technical Services 581,000 ARS
Genomics Scientist Science and Technical Services 1,141,600 ARS
Geographer Science and Technical Services 612,500 ARS
Geographic Information Systems Technician Science and Technical Services 394,300 ARS
Geological Data Technician Science and Technical Services 397,900 ARS
Geological Technician Science and Technical Services 480,600 ARS
Geologist Science and Technical Services 1,011,300 ARS
Geomatics Scientist Science and Technical Services 974,600 ARS
Geophysical Data Technician Science and Technical Services 384,500 ARS
Geospatial Information Scientist and Technologist Science and Technical Services 915,100 ARS
Global Technical Lead Science and Technical Services 1,182,800 ARS
Hydrologist Science and Technical Services 780,700 ARS
Industrial Ecologist Science and Technical Services 802,400 ARS
Intelligence Analyst Science and Technical Services 712,100 ARS
Knowledge Management Specialist Science and Technical Services 597,800 ARS
Lab Analyst Science and Technical Services 492,400 ARS
Lab Manager Science and Technical Services 844,100 ARS
Lab Technician Science and Technical Services 348,300 ARS
Laboratory Manager Science and Technical Services 836,800 ARS
Laboratory Researcher Science and Technical Services 519,300 ARS
Laboratory Technician Science and Technical Services 357,300 ARS
Life Sciences Analyst Science and Technical Services 756,700 ARS
Life Scientist Science and Technical Services 878,900 ARS
Marine Architect Science and Technical Services 758,700 ARS
Marine Biologist Science and Technical Services 840,800 ARS
Marine Superintendent Science and Technical Services 492,700 ARS
Materials Analyst Science and Technical Services 483,800 ARS
Materials Scientist Science and Technical Services 848,200 ARS
Mathematician Science and Technical Services 906,500 ARS
Medical Scientist Science and Technical Services 1,212,800 ARS
Metallurgist Science and Technical Services 840,800 ARS
Meteorologist Science and Technical Services 847,000 ARS
Microbiologist Science and Technical Services 1,259,300 ARS
Natural Language Processing Researcher Science and Technical Services 709,600 ARS
Natural Resource Specialist Science and Technical Services 650,700 ARS
Natural Resources Analyst Science and Technical Services 712,100 ARS
Natural Sciences Manager Science and Technical Services 1,113,100 ARS
Nuclear Engineer Science and Technical Services 1,296,900 ARS
Physical Scientist Science and Technical Services 909,300 ARS
Physicist Science and Technical Services 1,198,300 ARS
Political Scientist Science and Technical Services 899,100 ARS
Polygraph Examiner Science and Technical Services 317,700 ARS
Polysomnographic Technologist Science and Technical Services 552,400 ARS
Product Development Scientist Science and Technical Services 966,100 ARS
Quantitative Research Analyst Science and Technical Services 800,200 ARS
Quantitative Researcher Science and Technical Services 810,200 ARS
Radiation Protection Specialist Science and Technical Services 663,200 ARS
Refrigeration Technician Science and Technical Services 271,300 ARS
Research Scientist Science and Technical Services 807,900 ARS
Risk Safety Engineer Science and Technical Services 518,900 ARS
Scientific Photographer Science and Technical Services 539,800 ARS
Scientific Programmer Science and Technical Services 699,700 ARS
Scientist Science and Technical Services 875,000 ARS
Service Engineer Science and Technical Services 524,300 ARS
Service Technician Science and Technical Services 341,400 ARS
Social Science Research Assistant Science and Technical Services 480,600 ARS
Social Scientist Science and Technical Services 899,100 ARS
Sociologist Science and Technical Services 875,000 ARS
Soil Scientist Science and Technical Services 743,100 ARS
Statistical Analyst Science and Technical Services 513,300 ARS
Statistical Assistant Science and Technical Services 378,300 ARS
Statistician Science and Technical Services 772,900 ARS
Survey Analyst Science and Technical Services 483,800 ARS
Survey Researcher Science and Technical Services 455,400 ARS
Surveying and Mapping Technician Science and Technical Services 314,500 ARS
Team Leader Science and Technical Services 737,000 ARS
Technical Manager Science and Technical Services 772,900 ARS
Technical Officer Science and Technical Services 341,900 ARS
Technical Service Director Science and Technical Services 1,041,900 ARS
Technical Services Regulatory Affairs Specialist Science and Technical Services 529,600 ARS
Technical Services Research and Development Manager Science and Technical Services 1,235,600 ARS
Technical Services Research Associate Science and Technical Services 592,200 ARS
Technical Services Research Coordinator Science and Technical Services 625,000 ARS
Technician Science and Technical Services 344,600 ARS
Water Ecologist Science and Technical Services 998,400 ARS
Wildlife Biologist Science and Technical Services 854,300 ARS

Salary Comparison by City

If you want to compare salaries with different cities in Argentina, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Avellaneda 419,400 ARS
Bahia Blanca 472,000 ARS
Buenos Aires 485,200 ARS
Cordoba 513,300 ARS
Corrientes 464,900 ARS
La Plata 498,000 ARS
Lanus 417,100 ARS
Mar del Plata 459,300 ARS
Mendoza 412,000 ARS
Neuquen 433,400 ARS
Quilmes 437,900 ARS
Resistencia 459,300 ARS
Rosario 491,000 ARS
Salta 480,300 ARS
San Juan 442,300 ARS
San Miguel de Tucuman 472,000 ARS
Santa Fe 460,500 ARS
Santiago del Estero 467,100 ARS

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