Money market brokers

What does a money market broker do? – Tasks and work environment

A money market broker works with facilitating and trading interest-bearing securities, such as treasury bills, certificates, and bonds, in the short-term part of the financial market. The role involves daily monitoring of market conditions, analyzing interest rates and credit risks, and executing trades for banks, companies, and institutional clients. The work is often conducted in an intense and pressured environment requiring quick decisions and high concentration. Money market brokers maintain close contact with both internal and external parties, and the work environment is characterized by a fast pace and demands for accuracy and ethics.

Salary development over time

Over the past three years, the salary for money market brokers has shown a clear upward trend. In 2022, the average salary was 99,200 SEK per month, followed by an increase to 100 800 SEK in 2023. In 2024, the average salary has risen further to 106 500 SEK, which represents an increase of approximately 7.4% over the period. Factors driving the salary development include continued high demand for qualified specialists in the finance sector, increased requirements for market expertise, and a growing need for risk management in a volatile interest rate environment. At the same time, competition for experienced brokers and specialist knowledge has contributed to pushing salaries higher.

Money market broker salary – comprehensive overview

• Average salary: 106 500 SEK/month
• Lowest salary: 74,900 SEK/month (female, multiple sectors)
• Highest salary: 122,400 SEK/month (male, privately employed professional with 3 or more years of post-secondary education)
• Hourly wage: 641 SEK/hour
• Gender differences: Women earn 62% of what men do (men 121,400 SEK, women 74,900 SEK)
• Regional differences: Data on regional salary differences is not available

Education and qualifications

The path to becoming a money market broker typically involves an academic education in economics or finance, often at university or college level. In addition to formal education, practical experience or trainee programs and ongoing certifications and courses in financial instruments and regulations are usually required. The industry also values experience from other roles within banking and finance, and strong analytical skills are crucial for success.

• Economics education: Bachelor's degree (3 years) or master's/postgraduate (1–2 additional years)
• Certifications: Examples include SwedSec license, CFA, or equivalent
• Internship/trainee: Often a requirement for larger employers
• Experience: Previous work in banking/finance or trading is advantageous
• Prerequisites: Strong knowledge of mathematics, statistics, and financial markets

Common benefits and compensations

In addition to base salary, money market brokers are often offered variable compensation such as performance bonuses linked to individual or department results. Other common benefits include occupational pension, private health insurance, wellness allowances, and opportunities for further education and certification. Access to modern office environments and flexible working hours are also available at some employers.

Competition and challenges

The competition for positions as a money market broker is high, especially at larger financial institutions where employers set high requirements for education and experience. The availability of qualified candidates is limited, and specific certifications and proven ability to deliver results under pressure are often necessary. The profession’s rapid pace of change and high demands for continuous education mean that staying updated on new regulations, digital tools, and market trends is essential. Market uncertainty and rapid technological development pose additional challenges that require great adaptability.

Tips for aspiring money market brokers

To succeed as a money market broker, it is beneficial to combine analytical skills with resilience under stress and good communication abilities. Focusing early on mathematical and financial subjects during studies provides an advantage, as does seeking internships and trainee programs in banking or finance. Curiosity and continuous updating on market trends and regulations are crucial, as the industry evolves quickly. Precision and high ethics are also important, given the significant responsibility towards clients and employers. Building networks through industry events and certification courses can open doors to attractive positions. Most importantly, perseverance and patience are necessary, as the path to the most qualified broker roles is often long and requires several years of experience.

Key facts about money market brokers

• Average salary: 106 500 SEK/month
• Gender differences: Women earn on average 62% of what men do
• Number of available jobs: 751 in the profession (2024)
• Education level: Academic degree in economics or finance
• Work environment: Fast-paced and results-oriented, often office-based

Career paths and future prospects

After three to five years as a money market broker, there are good opportunities to advance to more specialized roles, such as senior broker, desk manager, or head of the money market department. Some also move on to analyst roles or portfolio managers within larger financial institutions. The employment service assesses the future outlook as favorable, with many available positions and high demand for qualified expertise in the finance sector. Digitalization and automation influence job tasks, but the need for experienced brokers and risk managers is expected to persist for the foreseeable future.

Common questions about money market brokers

• What does a money market broker earn?
  - The average salary is 106 500 SEK per month, but it can vary depending on experience, gender, and employer.
• What education is required to become a money market broker?
  - An academic degree in economics or finance is standard, often complemented with certifications like SwedSec or CFA.
• What are the gender differences in salary statistics?
  - Men earn on average 121,400 SEK per month, while women earn 74,900 SEK, which corresponds to 62 % of men's salary.
• What is the highest and lowest salary for a money market broker?
  - The highest salary is 122,400 SEK (male, privately employed professional with post-secondary education), the lowest is 74,900 SEK (female, multiple sectors).
• What is the job market outlook for money market brokers?
  - The outlook is positive with 751 available jobs and continued demand for qualified personnel.
• What personal qualities are important in this profession?
  - Analytical ability, stress resilience, accuracy, and good communication skills are essential qualities.
• What career paths are available after a few years in the profession?
  - Progression to senior roles, management positions, or specialization in risk management or portfolio management is common.