As for official data, the Center for Production Studies, of the Ministry of Economy, conducted a survey in April that showed that the best wages in the country are paid in the mining sector, followed by energy. The range in these activities goes from $200,000 to over $350,000according to seniority.
In the most basic positions, the mining, oil and gas sector today offers salaries of about $209,167 per monthwhich represents the head of the list of the best paid positions for that segment. It is followed by the sectors of risk analysis of administration and finance with $166,855 and industrial engineering of production, supply and logistics with $165,568.
The following jobs are in the industry technology networks and systems with $155,786 per month, human resources with $146,107, marketing and communication with $126,456 and Commercial business development with $112,549. Above the $100,000 line are employees in sectors such as professional services, health, commerce, and association services. Among the furthest behind are workers in real estate, recreation, construction, administrative activities, agriculture and livestock, education, and tourism and gastronomy.
The highest salaries
According to a Page Executive report, a CEO in Argentina earns between 100,000 and 135,000 dollars a year in a company with a turnover that exceeds 50 million dollars per year. In companies with results of between 50 and 150 million, CEOs earn between $140,000 and $220,000 a year, and the variable remuneration adds between 20% and 25% more. In those companies with a turnover of between 150 and 250 million dollars a year, compensation was between $240,000 and $300,000 a year, with up to 30% extra for variable factors. And finally the CEOs of the companies that report more than 250 million dollars they earned between $320,000 and $600,000 a year.
In Argentina, the most active oil companies are in Dead cow. The very high levels of billing place all the categories of these companies in bands that far exceed any comparison with companies in other areas.
According to a survey by Fundación Contactos Energéticos, someone like Ricardo Rodriguezpresident of Shell Argentina, who replaced Sean Rooney just a few weeks ago, today finds himself in a category whose floor is around US$600,000 per year, to which must be added the same amount in terms of bonuses and up to an additional 30% of the variable remuneration. Rodríguez, born in Venezuela, is a chemical engineer with an extensive career in the upstream (exploration and production) in the United States.
In this line, a position that is located below the top leadership of the firm, in the position of president of Exploration and Production, also obtains relevant income.
TotalEnergies, the fourth largest oil and gas exploration company in the world and the largest in the Eurozone, employs more than 100,000 people in 130 countries and last year had a turnover of 3,961 million euros. In the case of Argentina, the firm has extensive activity. Who occupies that position? Nicholas Terrazwho adds income that is located in the area of the US$400,000 per year plus benefits.
In the same way, an executive position in the Communication and Institutional Relations area registers a salary of around US$250,000 per year, to which other benefits must be added. It is the case of Santiago Alvarez, who serves as Vice President of Public Affairs, Communication and Marketing of the state oil company YPFone of the most active companies in Vaca Muerta.
Regarding benefits, according to the report, practically all oil workers have at least one corporate benefit, such as flex time, home office, housing, additional vacations, non-working birthdays, nursery, charter, Master of Business Administration (MBA), postgraduate and gym, among others.
Geographic location
As was pointed out, if the oil sector is the one that pays the best salaries, it is logical that all the reports indicate that the provinces of Neuquen, Chubut and Santa Cruz be, at the same time, the districts where the average income is the highest. At the other extreme are Santiago del Estero, Tucumán and Misiones.
Among the ten departments with the best salaries in the entire country, eight are Patagonian. This emerges from a report by the Center for Production Studies (CEP XXI) based on data from the Ministry of Productive Development. First, there is Magellan, Santa Cruz. This department, located in the center-east of the province, has Puerto San Julián as its main city and is highly specialized in mining. The median salary is $364,659.
Second is found Lake Buenos Airesalso in Santa Cruz, a mostly mining region, where the average salary is around $344,000.
Near Vaca Muerta is Pehuenches, in Neuquen. There the activities are linked directly or indirectly to the deposit and the average salary is $340,566.
Always with salaries above $300,000 they are still on the list Sarmiento (Chubut), Río Chico (Santa Cruz), and Escalante (Chubut). All of them cities linked to energy and mining.
A curious case is that of Stoned, Corrientes, where an important part of its workers are fishermen and migrate to Santa Cruz during the fishing season. Deep sea fishing is high income.
Patagonia returns in eighth and ninth place. Wanted, in Santa CruzOil, mining and fishing, all high-wage branches, have a strong weight. followed by the department Corpen Aikein the same province, with a preponderance of the construction of Santa Cruz dams and, to a lesser extent, in mining.
Close the list Buenos Aires locality of Vicente López. Qualified employment predominates there, much of it linked to software industry. The average salary is around $260,000.
Source: Ambito
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