How much does a Private financial adviser make

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  2. Private financial adviser
Image that illustrates Private financial adviser

Private financial adviser

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 Private financial adviser

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

What does a personal financial advisor do? – Tasks and work environment

A personal financial advisor works by providing clients with guidance regarding their personal finances. This involves analyzing clients' financial situations, suggesting savings and investment solutions, and assisting with budgeting and debt management. The profession often includes meetings with private individuals where the advisor tailors financial strategies to individual needs and goals. The work environment is usually office-based, combining client meetings with administrative tasks. Personal financial advisors are often employed within the banking and finance sector and work in environments where accuracy and trust are central.

Salary development over time

The salary for a personal financial advisor has shown a steady upward trend over the past three years. In 2022, the average salary was 42,500 SEK per month, increasing to 44 200 SEK in 2023. During 2024, the average salary has risen further to 47 400 SEK, which is an increase of over 11.5 percent during the period. This salary development can be linked to increased demand for qualified personal financial advice and a general salary increase within the banking personnel group. Additionally, the education requirements and responsibilities of the profession have evolved, contributing to higher compensation. Despite this, some gender differences remain, affecting the average salary.

Personal financial advisors often need to stay updated on changes in tax legislation and financial products to offer the best possible service to their clients.

– statsskuld.se

Personal financial advisor salary – complete overview

  • Average salary: 47 400 SEK/month
  • Lowest salary: 40,700 SEK/month (female with post-secondary education shorter than 3 years)
  • Highest salary: 59,900 SEK/month (male with post-secondary education of 3 years or more)
  • Hourly wage: 285 SEK (based on 166 working hours/month)
  • Gender pay gap: Women earn on average 43 600 SEK, men earn 52 800 SEK, women earn 83% of men's salaries
  • Regional differences: Salary variations occur but are not specified in available data

Education and qualifications

The educational path to becoming a personal financial advisor often includes post-secondary studies in economics, finance, or related fields. Certifications and courses in personal finance and financial advising are common to enhance professional competence. Internships or trainee programs can be valuable for gaining experience and networking within the industry.

  • Formal degrees: University or college education in economics or finance (usually 3 years or more)
  • Certifications/courses: For example, certified financial advisor or similar qualifications
  • Internship/trainee: Valuable experience from banks or financial institutions
  • Prerequisites: Basic knowledge of economics and mathematics
  • Self-study/online: Supplementary education and courses online are common
  • Tips for choosing: Select programs focused on personal finance, investments, and customer relations

Common benefits and compensation

Personal financial advisors are often offered benefits such as occupational pension, wellness allowance, and the possibility of bonuses or commissions based on performance. Employment at larger banks may also include perks like company cars or subsidized lunches. Flexible working hours are sometimes available, especially for client meetings outside regular office hours.

Competition and challenges

The profession is characterized by moderate competition, with high demands on both financial expertise and social skills. The market is changing with new financial products and digitalization, requiring continuous skills development. Building trust with clients is a key challenge, as trust is crucial for success in the industry. Additionally, economic fluctuations can impact the demand for advisory services.

Tips for those who want to become a personal financial advisor

To succeed as a personal financial advisor, it is good to have a combination of analytical ability and strong communication skills. Being attentive and able to tailor advice to each client's unique situation is essential, as is having a genuine interest in personal finance and financial solutions. It is also important to be precise and responsible, as advising often involves significant financial decisions for clients. Continuously updating your knowledge and following market changes are other success factors. Finally, having a service-oriented attitude helps build long-term customer relationships.

Key facts about personal financial advisors

  • Education level: Post-secondary education in economics or finance, usually 3 years or more
  • Salary range: 40,700–59,900 SEK/month
  • Work environment: Office-based with client meetings
  • Occupational group: Bank employees
  • Demand: Moderate with unchanged forecast

Career paths and future prospects

After 3–5 years as a personal financial advisor, there are opportunities to advance to specialist roles within finance or banking, such as investment advisor or management positions within advisory teams. The Employment Service's forecast indicates that job prospects are moderate, with recruitment in balance and unchanged demand over five years. There are approximately 550 job openings within the profession, indicating a stable labor market. Digitalization and changing customer behaviors may influence the profession's development in the future.

Frequently asked questions about personal financial advisors

  • What is the average salary of a personal financial advisor?
    - The average salary is approximately 47 400 SEK per month.
  • How large are the gender pay gaps?
    - Women earn on average 83% of men's salaries in the profession.
  • What education is required to become a personal financial advisor?
    - Typically, a post-secondary education in economics or finance, often 3 years or more.
  • What are the future prospects for the profession?
    - The outlook is considered unchanged with moderate job opportunities.
  • What benefits can one expect?
    - Common benefits include occupational pension, wellness allowance, and performance-based bonuses.
  • What personal qualities are important?
    - Attentiveness, accuracy, and good communication skills are essential.
  • Are there regional differences in salaries?
    - Regional variations exist but are not specified in the available data.

Richard Andersson

Richard Andersson - 2025-07-07 19:03:18

Occupation
Who has the highest salary?
The highest salary for a Private financial adviser 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 financial adviser 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 Private financial adviser has the SSYK code 3312, which we use to match against the SCB database to obtain the latest salary statistics.

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Salary, Taxes, and Fees
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