How much does a Group manager, bank make

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  2. Group manager, bank
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Group manager, bank

47 400 kr

Bank officials

40 700 - 59 900 kr / month

Women earn 83% of what men do.

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What will be the salary after tax?

Salary progression Group manager, bank

Average salary 47 400 kr
Males 52 800 kr
Females 43 600 kr
1 Likes 0 Comments 12 Vacant jobs ->

What does a group manager in banking do? – Tasks and work environment

A group manager in banking has overall responsibility for leading and coordinating a team of banking officers. Tasks include daily personnel management, planning workflows, and ensuring that departmental goals and regulatory requirements are met. The role often involves handling complex customer cases, developing employees, and supporting them in their professional roles. The work environment is typically office-based with a high pace, where collaboration, structure, and precision are crucial for success.

Salary development over time

The salary for a group manager in banking has shown steady growth in recent years. In 2022, the average salary was 42,500 SEK per month, increasing to 44 200 in 2023. In 2024, the average salary has further risen to 47 400, representing an approximate 11.5% increase over three years. This positive trend can be attributed to an increased need for qualified leadership in the banking sector, as well as higher demands for competence and responsibility. Demand has been stable, but salary development also reflects inflation and the industry's overall salary pressure. Gender differences remain, with men generally experiencing higher salary growth than women, affecting the overall salary landscape in the profession.

Banking group managers salary – complete overview

  • Average salary: 47 400 SEK/month
  • Lowest salary: 40,700 SEK/month (female, private sector, education < 3 years)
  • Highest salary: 59,900 SEK/month (male, private sector, education ≥ 3 years)
  • Hourly wage: 285 SEK
  • Gender differences: Men 52 800 SEK/month, Women 43 600 SEK/month (women earn 83% of men's salary)
  • Regional differences: Data not available

Education and qualifications

To work as a group manager in banking, a post-secondary education in economics, finance, or similar field is typically required. Many employers value experience from the banking sector and previous leadership roles, while supplementary training in leadership or certifications can be advantageous. Internships or trainee positions provide good opportunities to build necessary experience and networks within the industry.

  • Post-secondary education: Economics, finance, or similar (2–4 years)
  • Leadership training: Courses/certifications in personnel management
  • Internship/trainee: Meritorious for gaining industry insight
  • Work experience: Often requires prior banking work and personnel responsibility
  • Prerequisites: Good knowledge of economics and regulations

Being a group manager in banking often means acting as a link between management and staff. The ability to quickly handle changes and create engagement within the team is crucial, especially in a banking environment where both technology and regulations are evolving rapidly.

– statsskuld.se

Common benefits and compensations

Common benefits for banking group managers include occupational pension, wellness allowance, and extra vacation days. Many employers also offer bonus programs, subsidized lunches, and opportunities for skills development and further training. Flexible working hours and the possibility of remote work are also available, depending on the employer's policy and operational needs.

Competition and challenges

The competition for positions as a banking group manager is considered moderate, meaning there are good opportunities for qualified candidates but also high demands on education and experience. The role requires continuous updating of knowledge on regulations and technology, which can be challenging in a rapidly changing industry. Leading and motivating staff during restructuring or digitalization is another common challenge. The ability to combine operational leadership with strategic thinking is central to success and career development in the profession.

Tips for aspiring banking group managers

To succeed as a banking group manager, it is beneficial to develop strong communication skills and responsiveness, making it easier to build trust within the team. A structured approach helps manage both administrative and personnel-related issues effectively. Gaining experience in the banking industry, especially in roles where you take responsibility and show initiative, is advisable. Continual education in leadership and regulations provides a competitive edge and increases your chances of advancement. Flexibility and problem-solving skills are also important, especially when managing rapid changes or unexpected challenges. Building a strong network within the bank and participating in internal projects can often lead to new career opportunities.

Key facts about banking group managers

  • Education level: Post-secondary education (often in economics, 2–4 years)
  • Work environment: Office-based, high pace
  • Job openings: Approximately 550 in the profession
  • Future prospects: Moderate opportunities, unchanged demand (Arbetsförmedlingen)
  • Gender differences: Women earn 83% of men's salary

Career paths and future outlook

After three to five years as a banking group manager, opportunities open to advance to higher managerial roles such as department head, regional manager, or specialist roles in areas like risk management and compliance. According to the Swedish Public Employment Service (Arbetsförmedlingen), the job market for bank clerks is balanced, with moderate opportunities and unchanged demand over the next five years. This indicates stable competition for roles, but developments in digital banking services and increased regulatory requirements are expected to maintain demand for leaders with the right competence. There are also opportunities to specialize in private banking, credit assessment, or change management.

Common questions about banking group managers

  • What does a banking group manager earn?
    - A banking group manager has an average salary of 47 400 SEK per month.
  • How has the salary development for banking group managers been?
    - The salary has increased from 42,500 SEK in 2022 to 47 400 SEK in 2024, which corresponds to an approximate 11.5% increase.
  • What education is required to become a banking group manager?
    - Post-secondary education in economics or finance, often 2–4 years, and experience from the banking sector are usually required.
  • Are there gender differences in salary for banking group managers?
    - Yes, women earn on average 83% of what men do in the profession.
  • What are the future prospects for banking group managers?
    - The job market is considered balanced with moderate opportunities and unchanged demand over the next five years.
  • What are the highest and lowest salaries for banking group managers?
    - The highest salary is 59,900 SEK (male, private sector, education ≥ 3 years), the lowest is 40,700 SEK (female, private sector, education < 3 years).

Richard Andersson

Richard Andersson - 2025-07-11 08:08:16

Occupation
Who has the highest salary?
The highest salary for a Group manager, bank is 59900 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 47800 kr.
Who has the lowest salary?
The lowest salary for a Group manager, bank is 40700 kr. This salary belongs to a woman also working in the Private sector. The lowest salary for a man in this profession is 45700 kr.
Salary distributed by age and sector
Age Women's salary as a percentage of men's Base salary Monthly salary
18-24 95% 27800 kr 29700 kr
25-34 91% 38400 kr 40400 kr
35-44 80% 49100 kr 51900 kr
45-54 73% 54000 kr 57100 kr
55-64 69% 53900 kr 56900 kr
65-68 56500 kr 58700 kr
Snitt 83% 44800 kr 47400 kr
* Empty columns indicate that the statistical data was insufficient to allow for a statistically significant conclusion.
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 Group manager, bank has the SSYK code 3312, which we use to match against the SCB database to obtain the latest salary statistics.

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