Average Petroleum Engineer Salary in Argentina for 2024

In this article, we will look at the average Petroleum Engineer 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 Petroleum Engineer Make in Argentina?

A Petroleum Engineer working in Argentina will typically earn around 566,900 ARS per year, and this can range from the lowest average salary of about 301,300 ARS to the highest average salary of 862,200 ARS.

Average Annual Salary
566,900 ARS
Average Monthly Salary
47,241 ARS

Lowest Annual Salary
301,300 ARS
Lowest Monthly Salary
25,108 ARS

Highest Annual Salary
862,200 ARS
Highest Monthly Salary
71,850 ARS

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

Petroleum Engineer 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 Petroleum Engineer Salaries in Argentina

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

Salary ranges

We already know that a Petroleum Engineer can earn between 301,300 ARS and 862,200 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 Petroleum Engineer in Argentina is 533,000 ARS. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 533,000 ARS, and 50% of the population earn more than 533,000 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 Petroleum Engineer salary in Argentina, 25% of the population are earning less than 376,800 ARS while 75% of the population earn more than 376,800 ARS.

75% of the population earn less than 658,300 ARS, and 25% of the population earn more than 658,300 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.

Petroleum Engineer 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 petroleum engineer 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 Petroleum Engineer in Argentina that has less than two years of experience can expect to earn somewhere in the region of 344,600 ARS.
  • 2 - 5 Years Experience. With two to five years of experience the average Petroleum Engineer salary would increase to 424,900 ARS.
  • 5 - 10 Years Experience. From five to ten years of experience as a Petroleum Engineer , the average salary would be 602,700 ARS.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 704,300 ARS.
  • 15 - 20 Years Experience. A Petroleum Engineer with 15 to 20 years of experience can earn an average of 772,900 ARS.
  • 20+ Years Experience. For a Petroleum Engineer with more than 20 years, the expected average salary increases to 816,900 ARS.

Average Salary by Experience Chart

0-2 Years
344,600 ARS
2-5 Years +23%
424,900 ARS
5-10 Years +42%
602,700 ARS
10-15 Years +17%
704,300 ARS
15-20 Years +10%
772,900 ARS
20+ Years +6%
816,900 ARS

Petroleum Engineer 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 Petroleum Engineer 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 Petroleum Engineer in Argentina with a bachelor's degree education can earn an average salary of 390,000 ARS.

  • Master's Degree. A Petroleum Engineer in Argentina with a master's degree education can earn an average salary of 757,300 ARS.

Average Salary by Education Chart

Bachelor's Degree
390,000 ARS
Master's Degree +93%
757,300 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.

Petroleum Engineer 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 petroleum engineer will earn an average of 585,900 ARS, while a female petroleum engineer will earn around 544,800 ARS.

This means that a male petroleum engineer earns approximately 8% more than a female petroleum engineer for performing the same job.

Average Salary by Gender Chart in Argentina

Male
585,900 ARS
Female -8%
544,800 ARS

Petroleum Engineer 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 Petroleum Engineer in Argentina is around 13% 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 = ( 13 ÷ 16 ) × 12  = 10%

What this means is that a Petroleum Engineer in Argentina can expect to receive an average pay raise of around 10% 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%

Petroleum Engineer 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 Petroleum Engineer is a moderate bonus based job, with 50% of employees reporting at least one bonus in the last 12 months.

50% 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 5%.

Received Bonus
50%
No Bonus
50%

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 Petroleum Engineer

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

Job Title Category Salary
Assistant Yard Manager Oil / Gas / Energy / Mining 510,300 ARS
Associate Analyst Oil / Gas / Energy / Mining 559,000 ARS
Associate Landman Oil / Gas / Energy / Mining 233,900 ARS
Auxiliary Equipment Operator Oil / Gas / Energy / Mining 214,000 ARS
Biomass Plant Technician Oil / Gas / Energy / Mining 259,100 ARS
Biomass Power Plant Manager Oil / Gas / Energy / Mining 751,100 ARS
Chemical Plant Operator Oil / Gas / Energy / Mining 417,200 ARS
Chief Contract Compliance Engineer Oil / Gas / Energy / Mining 520,900 ARS
Completions Engineer Oil / Gas / Energy / Mining 504,300 ARS
Cost Controller Oil / Gas / Energy / Mining 384,500 ARS
Cost Engineer Oil / Gas / Energy / Mining 524,700 ARS
Crude Oil Marketing Representative Oil / Gas / Energy / Mining 568,500 ARS
Dispatcher Oil / Gas / Energy / Mining 212,500 ARS
Distribution Manager Oil / Gas / Energy / Mining 721,600 ARS
Dragline Operator Oil / Gas / Energy / Mining 237,400 ARS
Driller Offsider Oil / Gas / Energy / Mining 185,100 ARS
Dump Truck Driver Oil / Gas / Energy / Mining 197,600 ARS
Electric and Gas Operations Manager Oil / Gas / Energy / Mining 1,174,600 ARS
Energy Advisor Oil / Gas / Energy / Mining 756,700 ARS
Energy Analyst Oil / Gas / Energy / Mining 709,600 ARS
Energy Auditor Oil / Gas / Energy / Mining 633,100 ARS
Energy Dispatch Director Oil / Gas / Energy / Mining 893,500 ARS
Energy Technical Assistant Oil / Gas / Energy / Mining 314,500 ARS
Energy Technical Manager Oil / Gas / Energy / Mining 650,800 ARS
Energy Technical Support Manager Oil / Gas / Energy / Mining 629,800 ARS
Energy Technical Trainer Oil / Gas / Energy / Mining 451,000 ARS
Engineering Geologist Oil / Gas / Energy / Mining 932,000 ARS
Exploration Manager Oil / Gas / Energy / Mining 917,700 ARS
Field Safety Auditor Oil / Gas / Energy / Mining 559,000 ARS
Fluids Engineer Oil / Gas / Energy / Mining 502,200 ARS
Fuel Cell Engineer Oil / Gas / Energy / Mining 519,300 ARS
Fuel Cell Technician Oil / Gas / Energy / Mining 251,500 ARS
Fuels Handler Oil / Gas / Energy / Mining 246,200 ARS
Gas Compressor Operator Oil / Gas / Energy / Mining 232,900 ARS
Gas Distribution Plant Operator Oil / Gas / Energy / Mining 431,300 ARS
Gas Supply Manager Oil / Gas / Energy / Mining 814,100 ARS
Geologist Oil / Gas / Energy / Mining 878,900 ARS
Geophysicist Oil / Gas / Energy / Mining 949,600 ARS
Geothermal Production Manager Oil / Gas / Energy / Mining 839,500 ARS
Geothermal Technician Oil / Gas / Energy / Mining 345,700 ARS
HSE Engineer Oil / Gas / Energy / Mining 498,500 ARS
HSE Officer Oil / Gas / Energy / Mining 307,400 ARS
HSE Supervisor Oil / Gas / Energy / Mining 378,300 ARS
HSEQ Administrator Oil / Gas / Energy / Mining 362,200 ARS
Inspector Oil / Gas / Energy / Mining 455,400 ARS
Instructor Oil / Gas / Energy / Mining 424,900 ARS
Instrument Designer Oil / Gas / Energy / Mining 394,300 ARS
Lead Technical Field Advisor Oil / Gas / Energy / Mining 650,700 ARS
Logistics and Tool Coordinator Oil / Gas / Energy / Mining 442,200 ARS
Maintenance Engineer Oil / Gas / Energy / Mining 504,400 ARS
Maintenance Superintendent Oil / Gas / Energy / Mining 466,900 ARS
Material Controller Oil / Gas / Energy / Mining 340,400 ARS
Mine Engineer Oil / Gas / Energy / Mining 476,600 ARS
Mine Surveyor Oil / Gas / Energy / Mining 547,800 ARS
Mining Project Administrator Oil / Gas / Energy / Mining 445,100 ARS
Mining Project Assistant Oil / Gas / Energy / Mining 363,000 ARS
Mining Project Controls Consultant Oil / Gas / Energy / Mining 582,700 ARS
Mining Project Coordinator Oil / Gas / Energy / Mining 445,100 ARS
Mining Project Engineer Oil / Gas / Energy / Mining 504,500 ARS
Mining Project Manager Oil / Gas / Energy / Mining 625,000 ARS
Mining Site Manager Oil / Gas / Energy / Mining 707,700 ARS
Mining Team Leader Oil / Gas / Energy / Mining 563,000 ARS
NDT Technician Oil / Gas / Energy / Mining 325,800 ARS
Oil Service Unit Operator Oil / Gas / Energy / Mining 279,400 ARS
Oil Trader Oil / Gas / Energy / Mining 639,100 ARS
Oilwell Pumper Oil / Gas / Energy / Mining 187,300 ARS
Petroleum Geologist Oil / Gas / Energy / Mining 906,500 ARS
Petroleum Pump System Operator Oil / Gas / Energy / Mining 282,300 ARS
Petroleum Technician Oil / Gas / Energy / Mining 301,700 ARS
Pipeline Technician Oil / Gas / Energy / Mining 196,800 ARS
Power Coordinator Oil / Gas / Energy / Mining 301,700 ARS
Power Plant Operations Manager Oil / Gas / Energy / Mining 1,006,300 ARS
Power Plant Operator Oil / Gas / Energy / Mining 437,300 ARS
Radio Operator Oil / Gas / Energy / Mining 228,500 ARS
Reliability Engineer Oil / Gas / Energy / Mining 524,700 ARS
Reservoir Engineer Oil / Gas / Energy / Mining 491,000 ARS
Risk Analyst Oil / Gas / Energy / Mining 605,700 ARS
Roughneck Oil / Gas / Energy / Mining 524,300 ARS
Scaffolder Oil / Gas / Energy / Mining 332,500 ARS
Shutdown Engineer Oil / Gas / Energy / Mining 424,300 ARS
Solar Energy Installation Manager Oil / Gas / Energy / Mining 772,700 ARS
Solar Energy Systems Engineer Oil / Gas / Energy / Mining 548,500 ARS
Solar Photovoltaic Installer Oil / Gas / Energy / Mining 348,300 ARS
Solar Thermal Technician Oil / Gas / Energy / Mining 301,700 ARS
Supply Operations Manager Oil / Gas / Energy / Mining 821,500 ARS
Sustainability Specialist Oil / Gas / Energy / Mining 814,500 ARS
System Development Advisor Oil / Gas / Energy / Mining 598,600 ARS
Tanker Truck Driver Oil / Gas / Energy / Mining 209,700 ARS
Utility Operator Oil / Gas / Energy / Mining 283,700 ARS
Wind Energy Project Manager Oil / Gas / Energy / Mining 693,100 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 548,500 ARS
Bahia Blanca 562,200 ARS
Buenos Aires 648,200 ARS
Cordoba 618,800 ARS
Corrientes 612,500 ARS
La Plata 598,600 ARS
Lanus 548,500 ARS
Mar del Plata 608,500 ARS
Mendoza 548,800 ARS
Neuquen 571,300 ARS
Quilmes 575,100 ARS
Resistencia 605,700 ARS
Rosario 650,700 ARS
Salta 574,200 ARS
San Juan 528,600 ARS
San Miguel de Tucuman 626,800 ARS
Santa Fe 607,400 ARS
Santiago del Estero 556,000 ARS

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