Image that illustrates Private economist

Private economist

47 400 kr

Bank officials

40 700 - 59 900 kr / month

Women earn 83% of what men do.

Försäljning & inköp

What will be the salary after tax?

Salary progression Private economist

Average salary 47 400 kr
Males 52 800 kr
Females 43 600 kr

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.

– statsskuld.se

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.

Who has the highest salary?
The highest salary for a Private economist 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 Private economist 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
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 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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