Average Insurance Sales Agent Salary in Argentina for 2024

In this article, we will look at the average Insurance Sales Agent 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 an Insurance Sales Agent Make in Argentina?

An Insurance Sales Agent working in Argentina will typically earn around 332,500 ARS per year, and this can range from the lowest average salary of about 159,400 ARS to the highest average salary of 520,900 ARS.

Average Annual Salary
332,500 ARS
Average Monthly Salary
27,708 ARS

Lowest Annual Salary
159,400 ARS
Lowest Monthly Salary
13,283 ARS

Highest Annual Salary
520,900 ARS
Highest Monthly Salary
43,408 ARS

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

Insurance Sales Agent 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 Insurance Sales Agent Salaries in Argentina

So we've looked at the average salaries an Insurance Sales Agent will earn in Argentina. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Insurance Sales Agent can earn between 159,400 ARS and 520,900 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 an Insurance Sales Agent in Argentina is 344,600 ARS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 344,600 ARS, and 50% of the population earn more than 344,600 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 Insurance Sales Agent salary in Argentina, 25% of the population are earning less than 227,600 ARS while 75% of the population earn more than 227,600 ARS.

75% of the population earn less than 450,300 ARS, and 25% of the population earn more than 450,300 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.

Insurance Sales Agent 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 insurance sales agent 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. An Insurance Sales Agent in Argentina that has less than two years of experience can expect to earn somewhere in the region of 187,300 ARS.
  • 2 - 5 Years Experience. With two to five years of experience the average Insurance Sales Agent salary would increase to 265,000 ARS.
  • 5 - 10 Years Experience. From five to ten years of experience as an Insurance Sales Agent, the average salary would be 349,300 ARS.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 426,700 ARS.
  • 15 - 20 Years Experience. An Insurance Sales Agent with 15 to 20 years of experience can earn an average of 455,400 ARS.
  • 20+ Years Experience. For an Insurance Sales Agent with more than 20 years, the expected average salary increases to 498,000 ARS.

Average Salary by Experience Chart

0-2 Years
187,300 ARS
2-5 Years +42%
265,000 ARS
5-10 Years +31%
349,300 ARS
10-15 Years +23%
426,700 ARS
15-20 Years +6%
455,400 ARS
20+ Years +10%
498,000 ARS

Insurance Sales Agent 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 an Insurance Sales Agent in Argentina based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Certificate or Diploma. An Insurance Sales Agent in Argentina with a certificate or diploma education can earn an average salary of 232,900 ARS.

  • Bachelor's Degree. An Insurance Sales Agent in Argentina with a bachelor's degree education can earn an average salary of 369,900 ARS.

  • Master's Degree. An Insurance Sales Agent in Argentina with a master's degree education can earn an average salary of 493,000 ARS.

Average Salary by Education Chart

Certificate or Diploma
232,900 ARS
Bachelor's Degree +59%
369,900 ARS
Master's Degree +33%
493,000 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.

Insurance Sales Agent 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 insurance sales agent will earn an average of 345,100 ARS, while a female insurance sales agent will earn around 325,600 ARS.

This means that a male insurance sales agent earns approximately 6% more than a female insurance sales agent for performing the same job.

Average Salary by Gender Chart in Argentina

Male
345,100 ARS
Female -6%
325,600 ARS

Insurance Sales Agent 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 an Insurance Sales Agent in Argentina is around 11% every 17 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 = ( 11 ÷ 17 ) × 12  = 8%

What this means is that an Insurance Sales Agent in Argentina can expect to receive an average pay raise of around 8% 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%

Insurance Sales Agent 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.

An Insurance Sales Agent is a low bonus based job, with 29% of employees reporting at least one bonus in the last 12 months.

71% 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 0% to 4%.

Received Bonus
29%
No Bonus
71%

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 an Insurance Sales Agent

In the table below, we have salary information for jobs that are similar to an Insurance Sales Agent in Argentina.

Job Title Category Salary
Actuarial Analyst Insurance 727,400 ARS
Actuarial Assistant Insurance 514,800 ARS
Actuarial Specialist Insurance 528,500 ARS
Actuary Insurance 757,300 ARS
Adjustment Insurance Clerk Insurance 197,600 ARS
Assistant Broker Insurance 357,700 ARS
Assistant Claims Manager Insurance 615,700 ARS
Associate Insurance Representative Insurance 292,000 ARS
Auditing Insurance Manager Insurance 807,900 ARS
Broker Insurance 539,800 ARS
Claim Advocacy Professional Insurance 543,200 ARS
Claims Adjuster Insurance 205,700 ARS
Claims Analyst Insurance 286,400 ARS
Claims Examiner Insurance 292,000 ARS
Claims Manager Insurance 798,900 ARS
Claims Processor Insurance 210,500 ARS
Claims Representative Insurance 239,000 ARS
Claims Resolution Specialist Insurance 590,200 ARS
Claims Supervisor Insurance 572,200 ARS
Complaints Specialist Insurance 528,500 ARS
Compliance Examiner Insurance 541,700 ARS
Compliance Officer Insurance 447,300 ARS
Compliance Reviewer Insurance 539,700 ARS
Consultant Insurance 572,200 ARS
Eligibility Interviewer Insurance 595,300 ARS
Eligibility Specialist Insurance 583,000 ARS
Insurance Account Manager Insurance 680,100 ARS
Insurance Accounts Executive Insurance 590,200 ARS
Insurance Adjuster Insurance 545,300 ARS
Insurance Agent Insurance 335,800 ARS
Insurance Analyst Insurance 575,100 ARS
Insurance Appraiser Insurance 589,400 ARS
Insurance Claims Clerk Insurance 197,600 ARS
Insurance Examiner Insurance 498,500 ARS
Insurance Investigator Insurance 514,800 ARS
Insurance Manager Insurance 955,800 ARS
Insurance Operations Manager Insurance 975,700 ARS
Insurance Policy Processing Clerk Insurance 207,800 ARS
Insurance Pricing Assistant Insurance 437,300 ARS
Insurance Program Manager Insurance 724,000 ARS
Insurance Project Manager Insurance 727,100 ARS
Insurance Quality Assurance Agent Insurance 487,600 ARS
Insurance Sales Director Insurance 896,700 ARS
Insurance Sales Manager Insurance 765,100 ARS
Insurance Sales Representative Insurance 294,300 ARS
Insurance Team Leader Insurance 615,000 ARS
Insurance Underwriter Insurance 403,100 ARS
Loss Control Specialist Insurance 563,000 ARS
Loss Prevention Investigator Insurance 610,100 ARS
Loss Prevention Manager Insurance 781,200 ARS
Loss Prevention Specialist Insurance 578,500 ARS
Marine Underwriter Insurance 426,700 ARS
Medical Auditor Insurance 563,300 ARS
Monitoring and Performance Officer Insurance 397,900 ARS
Payment Services Specialist Insurance 589,400 ARS
Policy Change Director Insurance 839,500 ARS
Policy Change Supervisor Insurance 583,000 ARS
Policy Change Technician Insurance 265,000 ARS
Risk Analyst Insurance 623,700 ARS
Risk Management Director Insurance 1,091,600 ARS
Risk Management Supervisor Insurance 714,600 ARS
Risk Manager Insurance 1,069,800 ARS
Risk Modeling Manager Insurance 1,079,600 ARS
Title Insurance Typist Insurance 493,000 ARS
Training Manager Insurance 623,200 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 311,700 ARS
Bahia Blanca 348,300 ARS
Buenos Aires 377,200 ARS
Cordoba 357,300 ARS
Corrientes 352,000 ARS
La Plata 371,100 ARS
Lanus 335,100 ARS
Mar del Plata 371,100 ARS
Mendoza 308,300 ARS
Neuquen 332,100 ARS
Quilmes 319,600 ARS
Resistencia 322,600 ARS
Rosario 372,600 ARS
Salta 348,300 ARS
San Juan 315,700 ARS
San Miguel de Tucuman 348,300 ARS
Santa Fe 330,700 ARS
Santiago del Estero 320,500 ARS

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