Salary progression Financial advisor

Average salary 75 500 kr
Males 80 100 kr
Females 65 200 kr

What does a financial advisor do? – Tasks and work environment

A financial advisor analyzes clients' financial situations and provides qualified advice on investments, savings, pensions, and risk management. The profession often involves close collaboration with both private individuals and companies, helping to optimize capital and develop long-term financial strategies. The work environment is typically office-based and can be located at banks, insurance companies, or independent advisory firms. The work is characterized by a fast pace, high demands for accuracy, and continuous market monitoring to offer current and relevant advice to clients.

Salary development over time

The salary of a financial advisor has steadily increased in recent years. In 2022, the average salary was 66,800 SEK per month, while in 2023 it increased to 73 100 SEK. The latest figure from 2024 shows a continued rise to 75 500 SEK, representing an increase of about 9% over three years. This positive trend can partly be explained by increased demand for qualified advice in asset management and more complex financial products. Higher education and certification requirements have also contributed to raising salary levels within the profession. The market has recently favored experienced advisors with specialized expertise, which is also reflected in the salary range.

Financial advisor salary – complete overview

  • Average salary: 75 500 SEK/month
  • Lowest salary: 47,200 SEK/month (woman, post-secondary education shorter than 3 years)
  • Highest salary: 76,800 SEK/month (man, private sector employee, post-secondary education 3 years or more)
  • Hourly wage (average): 440 SEK
  • Women earn: 65 200 SEK/month (81% of men's salary)
  • Men earn: 80 100 SEK/month
  • Regional differences: Information about regional salary differences is lacking

Education and qualifications

The path to becoming a financial advisor usually involves post-secondary education in economics, finance, or similar fields. Many employers also require specific certifications and sometimes internships or trainee programs to ensure the right competence. In addition to formal education, ongoing training and good knowledge of current regulations are valued.

  • Type of education: Bachelor's degree in economics or finance (3 years)
  • Certifications: Swedsec license, other industry-specific certificates
  • Internship: Common during education or as part of a trainee program upon employment
  • Prerequisites: High school diploma with focus on economics or mathematics is recommended
  • Further education: Courses in financial analysis, advisory skills, and regulations

A financial advisor must constantly stay updated on legislative changes and market trends. Many advisors also work on educating their clients to increase financial awareness, which in the long run strengthens relationships and builds trust.

– statsskuld.se

Common benefits and compensation

In addition to base salary, performance-based bonuses, occupational pension, wellness allowance, and sometimes stock programs are often offered. Other benefits may include flexible working hours, further education, and extra vacation days, especially with larger employers.

Competition and challenges

The job market for financial advisors is characterized by moderate competition and a balanced recruitment situation. The number of available positions is relatively high, but requirements for education, certification, and experience make competition for attractive roles tough. Challenges often involve keeping up with rapid changes in the finance industry and navigating complex regulations. Good communication skills are also necessary to build trust with clients while meeting high performance expectations from employers.

Tips for aspiring financial advisors

To succeed as a financial advisor, it is beneficial to combine analytical skills with a strong interest in economics and social issues. Building a broad knowledge base during education and actively seeking internships or trainee positions provides valuable experience and increases employability. Good communication skills are essential for explaining complex financial matters in an understandable way to clients. Integrity and an ethical approach are also central, as advisors often handle sensitive information and must make decisions with the client's best interests in mind. Flexibility and a desire for continuous learning are important qualities to stay competitive. Networking and building industry relationships can also open doors to new career opportunities. Finally, patience and perseverance are key, as developing the expertise and client portfolio needed to reach top salary levels takes time.

Key facts about Financial Advisors

  • Education level: Post-secondary education, at least 3 years
  • Certification requirements: Swedsec license and other industry-specific certificates
  • Work environment: Office-based, often fast-paced with client contact demands
  • Demand: 758 available jobs within the profession in Sweden
  • Future outlook: Moderate opportunities, demand expected to remain unchanged over the next five years

Career paths and future prospects

After three to five years in the profession, a financial advisor can advance to specialist roles in asset management, private banking, or move into management positions such as team leader or branch manager. Some choose to focus on corporate clients or work with more complex investment solutions. The employment agency's forecasts show that job opportunities are moderate and expected to stay stable over five years, making the profession attractive for those with the right skills. The number of available jobs is high, but competition for the most attractive positions can be fierce. For those investing in further education and certifications, there are good prospects for long-term career development.

Frequently asked questions about Financial Advisors

  • What does a financial advisor earn?
    - The average salary is 75 500 SEK per month, with variations depending on experience, education, and employer.
  • What are the gender differences in the profession?
    - Men earn an average of 80 100 SEK and women 65 200 SEK, which means women earn 81% of what men do.
  • What education is required to become a financial advisor?
    - Usually, at least a bachelor's degree in economics or finance and industry-specific certifications are required.
  • What are the future prospects?
    - Job opportunities are considered moderate and expected to remain unchanged over the next five years.
  • What are the most common benefits?
    - Performance bonuses, occupational pension, wellness allowance, and opportunities for further education are common benefits.
  • What is the highest and lowest salary for a financial advisor?
    - The highest salary is 76,800 SEK and the lowest 47,200 SEK, depending on education, experience, and gender.
  • Are there regional salary differences?
    - Specific information about regional salary differences is lacking for this profession.

Who has the highest salary?
The highest salary for a Financial advisor is 83100 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 75400 kr.
Who has the lowest salary?
The lowest salary for a Financial advisor is 57900 kr. This salary belongs to a woman also working in the Private sector. The lowest salary for a man in this profession is 61800 kr.
Salary distributed by age and sector
Age Women's salary as a percentage of men's Base salary Monthly salary
18-24 36000 kr 36200 kr
25-34 85% 63000 kr 63500 kr
35-44 79% 86900 kr 87800 kr
45-54 86% 91400 kr 92700 kr
55-64 84800 kr 85800 kr
Snitt 81% 74600 kr 75500 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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