Image that illustrates Financial advisor

Financial advisor salary

68 500 kr

Financial analysts and investment advisors etc.

What will be the salary after tax?

52 300 - 71 700 kr / month

Women earn 89% of what men do.

Administration, ekonomi

Salary progression Financial advisor

Average salary 68 500 kr
Males 71 000 kr
Females 63 500 kr
Profession Financial advisor and its salary
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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.

Who has the highest salary?
The highest salary for a Financial advisor is 71700 kr. This salary belongs to a man working in the Privately employed officials with a post-secondary education, 3 years or more. The highest salary for a woman in this profession is 63500 kr.
Who has the lowest salary?
The lowest salary for a Financial advisor is 52300 kr. This salary belongs to a woman also working in the Public sector. The lowest salary for a man in this profession is 58600 kr.
Salary distributed by age and sector
Age Women's salary as a percentage of men's 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
Salary per sector
Salary based on education
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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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Salary, Taxes, and Fees
Net salary 31 450
Net salary
31 450
Taxes
11 658
Fees
12 134

With our Swedish tax calculator, you can easily calculate your after-tax income (net salary).

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* Updated with 2024 taxes