Lawyer, bank salary

What does a Lawyer in banking do?

As a Lawyer in the banking sector, you work to provide legal advice and support to the bank's various departments. The tasks include reviewing and drafting contracts, ensuring that the bank complies with applicable laws and regulations, and handling legal issues related to the bank's operations. The role often involves collaboration with other lawyers and specialists within the bank. The work environment can vary from office work to meetings and negotiations.

Lawyer in banking salary

A Lawyer in the banking sector has an average monthly salary of 66 500 SEK. There is a certain salary difference between genders, where men earn an average of 69,200 SEK while women earn 64 600 SEK. Women thus earn 93% of what men earn. The hourly wage for a part-time lawyer is around 400 SEK.

Salary development over time

We see that the salary for a Lawyer in banking has increased from 63 300 SEK last year to the current 66 500 SEK. This indicates a positive salary development within the profession.

Education and qualifications

To work as a Lawyer in banking, a law degree is usually required, which is a post-secondary education that takes at least 4.5 years to complete. Many employers also value experience and specialization in banking and finance law.

Common benefits

Common benefits for lawyers in banking include company mobile phones, opportunities for remote work, and paid further education. These benefits may vary depending on the employer and specific working conditions.

Competition and challenges

According to the Employment Agency, the job prospects for business and corporate lawyers, including banking lawyers, are assessed as moderate. Demand is expected to remain unchanged over the next five years. The recruitment situation is characterized by balance.

Tips for those who want to work in the profession

For those interested in working as a Lawyer in banking, it is recommended to stay updated with changes in legislation and the financial sector. Specialization in banking law and building a strong network within the industry can also be beneficial.

Career paths

After a few years of experience, a Lawyer in banking can advance to higher positions such as chief legal officer, department head, or specialized advisor in specific legal areas. There are also opportunities to work internationally or in other parts of the financial sector.

Future prospects and demand

The future prospects for lawyers in banking are stable, with unchanged demand expected according to the Employment Agency. This means that the profession offers good opportunities for employment and career development.

What can positively affect the salary?

Factors that can positively affect the salary include further education, increased responsibility, specialization in sought-after legal areas, and performance that leads to bonus results. Working in metropolitan areas can also mean higher salaries.

Frequently asked questions about Lawyers in banking

• What does a Lawyer in banking earn? A Lawyer in banking earns an average of 66 500 SEK per month.
• How do you become a Lawyer in banking? To become a Lawyer in banking, a law degree is required, which is a post-secondary education that takes at least 4.5 years.
• Is it easy to get a job? The opportunities are assessed as moderate and the recruitment situation is balanced.
• Is it stressful to work as a Lawyer in banking? The work can be stressful depending on the workload and level of responsibility.
• What qualities are important as a Lawyer in banking? Important qualities include attention to detail, analytical skills, communication skills, and good knowledge of law.
• What different types of Lawyers in banking are there? Within the banking sector, lawyers can work with everything from contracts and compliance to international transactions.