- Salary statistics
- Financial advisor
Financial advisor salary
52 300 - 71 700 kr / month
Women earn 89% of what men do.
Administration, ekonomi
Salary progression Financial advisor
Salary and Work for Financial Advisor
Working as a financial advisor involves providing advice to individuals and companies on investments, pensions, insurance, and other financial matters. The role requires a deep understanding of financial markets, economic trends, and various financial products. Financial advisors, also known as financial analysts or investment advisors, help their clients make informed decisions to achieve their financial goals.
Salary Statistics for Financial Advisors
The average salary for a financial advisor in Sweden is 68 500 SEK per month. However, there is a clear gender difference. Men in the profession earn an average of 71 000 SEK, while women earn 63 500 SEK. This means that women earn approximately 89% of what men do in the same profession. The average salary has also seen a decrease from 68900 SEK to 68 500 SEK since the last measurement.
Education and Qualifications
Becoming a financial advisor often requires an academic education in economics, finance, or business administration. Many employers prefer candidates with a bachelor's degree, but a master's degree can provide a competitive edge. In addition to formal education, having good analytical skills, communication skills, and a strong interest in financial markets is important. Certifications such as Certified Financial Planner (CFP) or Chartered Financial Analyst (CFA) can also be advantageous.
Job Duties and Responsibilities
A financial advisor works on analyzing the client's financial situation and creating strategies to improve their financial position. This may involve providing advice on investments, pension planning, tax optimization, and insurance. The advisor must stay updated on market trends and new financial products to provide the best possible advice.
Common job duties include:
- Analyzing financial data and market trends
- Identifying the client's financial goals and risk profile
- Recommend investment strategies and financial products
- Monitoring the client's portfolio and making adjustments as needed
- Staying informed about laws and regulations in the financial sector
Requirements to Land a Job as a Financial Advisor
The market for financial advisors is competitive, and employers are looking for candidates with both education and practical experience. Internships, part-time jobs in the financial sector, and networking can be crucial to getting a foot in the industry. It is also important to be certified and continuously further educate oneself to stay relevant in the job market.
Benefits and Working Conditions
Financial advisors can often benefit from various perks, depending on the employer. Common benefits may include paid training, performance-based bonuses, occupational pensions, and sometimes even a company car or a paid mobile phone. The work environment is often office-based, but it can also be common to meet clients outside the office.
Summary
Working as a financial advisor is a rewarding profession for those with a strong interest in finance and economics. Despite a decrease in average salary and a gender pay gap, the profession can offer good career opportunities and benefits for those who are qualified and dedicated. With the right education, certifications, and experience, one can build a successful career as a financial advisor.
Salary distributed by age and sector
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 39800 kr | 39900 kr | |
25-34 | 91% | 59000 kr | 59500 kr |
35-44 | 95% | 75700 kr | 76400 kr |
45-54 | 75200 kr | 76400 kr | |
55-64 | 69800 kr | 70900 kr | |
Snitt | 89% | 67800 kr | 68500 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
35-44 | 47300 kr | 47300 kr | |
45-54 | 81% | 55800 kr | 56100 kr |
Snitt | 82% | 55300 kr | 55400 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
35-44 | 47300 kr | 47300 kr | |
45-54 | 81% | 55800 kr | 56100 kr |
Snitt | 82% | 55300 kr | 55400 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 39800 kr | 39900 kr | |
25-34 | 91% | 59000 kr | 59500 kr |
35-44 | 75800 kr | 76500 kr | |
45-54 | 75300 kr | 76400 kr | |
55-64 | 69800 kr | 70900 kr | |
Snitt | 89% | 67800 kr | 68600 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
18-24 | 39800 kr | 39900 kr | |
25-34 | 91% | 59000 kr | 59500 kr |
35-44 | 75800 kr | 76500 kr | |
45-54 | 75300 kr | 76400 kr | |
55-64 | 69800 kr | 70900 kr | |
Snitt | 89% | 67800 kr | 68600 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 91% | 61000 kr | 61300 kr |
35-44 | 95% | 77100 kr | 77900 kr |
45-54 | 78000 kr | 79300 kr | |
55-64 | 72100 kr | 73500 kr | |
Snitt | 89% | 70200 kr | 71000 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
45-54 | 81% | 63300 kr | 63500 kr |
Snitt | 82% | 63800 kr | 64000 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
45-54 | 81% | 63300 kr | 63500 kr |
Snitt | 82% | 63800 kr | 64000 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 91% | 61000 kr | 61300 kr |
35-44 | 77100 kr | 77900 kr | |
45-54 | 78000 kr | 79300 kr | |
55-64 | 72100 kr | 73500 kr | |
Snitt | 89% | 70200 kr | 71000 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 91% | 61000 kr | 61300 kr |
35-44 | 77100 kr | 77900 kr | |
45-54 | 78000 kr | 79300 kr | |
55-64 | 72100 kr | 73500 kr | |
Snitt | 89% | 70200 kr | 71000 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 91% | 55400 kr | 56000 kr |
35-44 | 95% | 0 kr | 73800 kr |
Snitt | 89% | 62800 kr | 63500 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
35-44 | 47400 kr | 47400 kr | |
45-54 | 81% | 51300 kr | 51700 kr |
Snitt | 82% | 52200 kr | 52300 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
35-44 | 47400 kr | 47400 kr | |
45-54 | 81% | 51300 kr | 51700 kr |
Snitt | 82% | 52200 kr | 52300 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 91% | 55400 kr | 56000 kr |
Snitt | 89% | 62900 kr | 63500 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 91% | 55400 kr | 56000 kr |
Snitt | 89% | 62900 kr | 63500 kr |
About the data
All information displayed on this page is based on data from the Swedish Central Bureau of Statistics (SCB), the Swedish Tax Agency and the Swedish employment agency. Learn more about our data and data sources here.
All figures are gross salaries, meaning salaries before tax. The average salary, or mean salary, is calculated by adding up the total salary for all individuals within the profession and dividing it by the number of individuals. For specific job categories, we have also considered various criteria such as experience and education.
Profession Financial advisor has the SSYK code 2413, which we use to match against the SCB database to obtain the latest salary statistics.
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