- Salary statistics
- Private economist
Private economist
40 700 - 59 900 kr / month
Women earn 83% of what men do.
Försäljning & inköp
Salary progression Private economist
What does a private financial advisor do? – Tasks and work environment
A private financial advisor works by providing advice and support regarding individuals' financial situations. Tasks include budget planning, savings and investments, debt counseling, and pension planning. Private advisors analyze clients' financial conditions and help make well-informed decisions to optimize personal finances. The work environment is mostly office-based with close contact with clients via meetings, phone, or digital channels. The role requires both analytical skills and good communication skills to explain complex financial issues clearly.
Salary development over time
The salary of a private financial advisor has shown steady growth over the past three years. In 2022, the average salary was 42,500 SEK per month, which increased to 44 200 SEK in 2023 and further to 47 400 SEK in 2024. This corresponds to a total salary increase of approximately 11.5% during the period. The positive trend can be explained by increased demand for qualified financial advice as individuals' financial situations become more complex. Market factors such as higher educational requirements and specialization within personal finance also contribute to rising salary levels. Ongoing digitalization and greater focus on sustainable finance may further influence salary development in the future.
Private financial advisors often need to combine technical financial knowledge with pedagogical skills to make complex financial concepts easy for clients to understand.
Private financial advisor salary – comprehensive overview
- Average salary: 47 400 SEK/month
- Lowest salary: 40,700 SEK (female, private sector, post-secondary education shorter than 3 years)
- Highest salary: 59,900 SEK (male, private sector employee, post-secondary education 3 years or more)
- Hourly wage: 285 SEK (based on 166 working hours/month)
- Gender differences: Women earn on average 43 600 SEK, which is 83% of men's 52 800 SEK
- Regional differences: Salaries may vary depending on geographic location, often higher in metropolitan areas
Education and qualifications
The educational path to becoming a private financial advisor typically involves post-secondary education in economics, finance, or related fields. Specialized courses in personal finance and certifications can further strengthen competence. Practical experience through trainee programs or internships is also valuable.
- Formal degrees: Degree in economics, business administration, or equivalent (3 years or more)
- Certifications/courses: Personal finance, financial advising, debt counseling
- Internships/trainee programs: Common for gaining industry experience
- Prerequisites: Basic economic knowledge and often a high school diploma with a focus on economics
- Self-study/online courses: Supplementary online education to stay updated
- Tips for choosing: Select education focused on personal finance and financial advising for the best prospects
Common benefits and compensations
Private financial advisors are often offered benefits such as occupational pension, wellness allowances, and flexible working hours. Many employers also provide training opportunities and performance-based bonuses. Health insurance and collective agreements may be available depending on the employer and sector.
Competition and challenges
The profession of a private financial advisor is characterized by balanced competition where knowledge and experience are crucial. Challenges include staying updated with constantly changing financial regulations and digital tools. The increasing complexity of clients' financial situations demands adaptability and advisory skills. At the same time, competition for attractive positions can be fierce, especially in larger cities and within the private sector.
Tips for those who want to become a private financial advisor
To succeed as a private financial advisor, it is beneficial to develop strong analytical skills, which help interpret complex financial data for advising. Good communication skills are also essential to clearly convey financial advice to clients with diverse backgrounds. Engagement and accuracy are key qualities that build trust and enable tailored solutions. Continuously updating knowledge on market trends and regulations helps maintain relevance in the profession. Finally, a service-oriented attitude facilitates building long-term client relationships and success in the role.
Key facts about private finance
- Education level: Post-secondary education in economics (3 years or more)
- Salary range: 40,700–59,900 SEK/month
- Work environment: Office-based with client contact
- Work type: Employee within banking and finance
- Demand: Moderate with balanced recruitment situation
Career paths and future prospects
After 3–5 years as a private financial advisor, there are opportunities to advance to specialist roles in financial advising or leadership positions within banking and finance. The group of bank employees, including private advisors, is estimated to have moderate job opportunities with unchanged demand over five years according to the Employment Service. The balanced recruitment situation means competition for new positions is moderate. Continued skills development and specialization can increase chances for a successful career and higher salary.
Frequently asked questions about private finance
- What does a private financial advisor earn?
- The average salary is approximately 47 400 SEK per month, with variations depending on experience, gender, and education. - What education is required to become a private financial advisor?
- Typically, a post-secondary education in economics, often at least 3 years, is required. - Are there gender differences in private financial advisors' salaries?
- Yes, women earn on average 83% of men's salaries within the profession. - What are the future prospects for private financial advisors?
- Demand is expected to remain unchanged with moderate employment opportunities. - What benefits can private financial advisors expect?
- Common benefits include occupational pension, wellness allowance, and flexible working hours. - How do private financial advisors' salaries develop over time?
- Salaries have increased by approximately 11.5% over the past three years. - What qualities are important for success as a private financial advisor?
- Analytical skills, communication ability, and precision are central qualities.
Salary distributed by age and sector
| Age | 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 |
| Age | 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 |
| Age | 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 |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 18-24 | 95% | 28400 kr | 30500 kr |
| 25-34 | 91% | 40500 kr | 42600 kr |
| 35-44 | 80% | 55500 kr | 58800 kr |
| 45-54 | 73% | 64000 kr | 67900 kr |
| 55-64 | 69% | 68300 kr | 72600 kr |
| Snitt | 83% | 49800 kr | 52800 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 18-24 | 95% | 28400 kr | 30500 kr |
| 25-34 | 91% | 40500 kr | 42600 kr |
| 35-44 | 80% | 55500 kr | 58800 kr |
| 45-54 | 73% | 64000 kr | 67900 kr |
| 55-64 | 69% | 68300 kr | 72600 kr |
| Snitt | 83% | 49800 kr | 52800 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 18-24 | 95% | 28400 kr | 30500 kr |
| 25-34 | 91% | 40500 kr | 42600 kr |
| 35-44 | 80% | 55500 kr | 58800 kr |
| 45-54 | 73% | 64000 kr | 67900 kr |
| 55-64 | 69% | 68300 kr | 72600 kr |
| Snitt | 83% | 49800 kr | 52800 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 18-24 | 95% | 27400 kr | 29100 kr |
| 25-34 | 91% | 36700 kr | 38600 kr |
| 35-44 | 80% | 44700 kr | 47200 kr |
| 45-54 | 73% | 47400 kr | 49900 kr |
| 55-64 | 69% | 47600 kr | 50000 kr |
| Snitt | 83% | 41400 kr | 43600 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 18-24 | 95% | 27400 kr | 29100 kr |
| 25-34 | 91% | 36700 kr | 38600 kr |
| 35-44 | 80% | 44700 kr | 47200 kr |
| 45-54 | 73% | 47400 kr | 49900 kr |
| 55-64 | 69% | 47600 kr | 50000 kr |
| Snitt | 83% | 41400 kr | 43600 kr |
| Age | Base salary | Monthly salary | |
|---|---|---|---|
| 18-24 | 95% | 27400 kr | 29100 kr |
| 25-34 | 91% | 36700 kr | 38600 kr |
| 35-44 | 80% | 44700 kr | 47200 kr |
| 45-54 | 73% | 47400 kr | 49900 kr |
| 55-64 | 69% | 47600 kr | 50000 kr |
| Snitt | 83% | 41400 kr | 43600 kr |
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 Private economist has the SSYK code 3312, which we use to match against the SCB database to obtain the latest salary statistics.
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