How much does a Private adviser, bank make

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  2. Private adviser, bank
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Private adviser, bank

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 adviser, bank

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

What does a private banking advisor do? – Responsibilities and work environment

A private banking advisor helps individuals make sound financial decisions and offers advice on savings, loans, pensions, and insurance. The role involves daily contact with clients, analyzing their financial situation, and tailoring solutions based on individual needs. The work environment is usually office-based, characterized by a fast pace, efficiency, and high service demands. In addition to client meetings, private banking advisors are expected to follow up on agreements, handle administrative tasks, and stay updated on market changes.

Salary development over time

The salary for private banking advisors has shown a clear upward trend in recent years. In 2022, the average salary was 42,500 SEK per month, increasing to 44 200 SEK in 2023. In 2024, the average salary has reached 47 400 SEK, representing an increase of approximately 11.5% over three years. This salary growth can be linked to increased demand for qualified financial advice and banks' investments in advisory services. Market requirements for higher competence and continuous updates on regulations and digital tools have also positively impacted salaries. Despite overall salary increases, clear gender differences and regional variations persist.

Private banking advisor salary – complete overview

  • Average salary: 47 400 SEK/month
  • Lowest salary: 40,700 SEK/month (female, private sector)
  • Highest salary: 59,900 SEK/month (male, employed in private bank with at least 3 years of post-secondary education)
  • Hourly wage: 285 SEK
  • Gender pay gap: Women earn 43 600 SEK (83% of men's salary), men earn 52 800 SEK
  • Regional differences: Salary levels may vary depending on location and bank size, but detailed statistics are lacking

A private banking advisor often meets clients during some of the most critical financial moments in life—for example, when purchasing a home, going through a divorce, or during generational transfers. Building long-term relationships and establishing trust are therefore central and sometimes underestimated parts of the profession.

– statsskuld.se

Education and qualifications

To work as a private banking advisor, a post-secondary education in economics or finance is usually required, supplemented with internal bank training and certifications. Many employers also value experience from customer service or the financial sector, as well as strong communication skills. Internships or trainee programs are common entry points into the industry, and ongoing professional development is often necessary to stay updated on new regulations and products.

  • Economics degree (college/university), 3 years or more
  • Bank-specific certifications, e.g., Swedsec license
  • Internship or trainee programs within banks
  • Approved knowledge of advisory ethics and regulations
  • Experience with client contact and sales is advantageous

Common benefits and compensations

Private banking advisors are often offered benefits such as occupational pensions, wellness allowances, extra vacation days, and opportunities for skills development. Bonuses and commission-based earnings may also be included depending on the bank's policies and advisor performance. Flexible working hours and the possibility of remote work are becoming increasingly common, especially in larger banks.

Competition and challenges

The competition for roles as private banking advisors is relatively high, especially in metropolitan areas. Demands for documented competence and updated certifications are strict, while digitalization introduces new requirements for advisors' technical skills. Customer expectations for personalized service and accessibility are constantly increasing, which can create daily pressures. Managing complex regulations and ethical dilemmas is another challenge requiring integrity and precision.

Tips for those aiming to become a private banking advisor

To succeed as a private banking advisor, it is beneficial to be both analytical and attentive. Demonstrating initiative and actively seeking new knowledge makes it easier to stay competitive in a changing industry. Building trust with clients requires good communication skills and an empathetic approach, especially when discussing sensitive financial matters. Being thorough and organized helps manage complex cases and regulations efficiently. Patience and resilience are also important, as advisors' daily work often involves a fast pace and many simultaneous tasks. Additionally, actively networking within the industry can open up new opportunities and career paths.

Key facts about private banking advisors

  • Educational level: Post-secondary degree in economics (minimum 3 years)
  • Work environment: Office-based, often fast-paced
  • Work arrangement: Full-time, sometimes with remote options
  • Job prospects: Moderate opportunities (549 job openings nationwide)
  • Special skills: Swedsec license and good knowledge of financial regulations

Career paths and future outlook

After three to five years as a private banking advisor, opportunities include advancing to senior advisor, specialist advisor in areas like investments or pensions, or taking on roles such as team leader or branch manager. Others choose to further their education in private banking or corporate advising. According to the employment agency’s forecast, job opportunities are expected to be moderate within the banking sector, with demand remaining stable over the next five years. Digitalization and evolving customer behaviors will continue to influence the profession, but the need for qualified advice is expected to persist.

Frequently asked questions about private banking advisors

  • What does a private banking advisor earn?
    - The average salary is 47 400 SEK/month, but it varies between 40,700 and 59,900 SEK depending on experience, gender, and education.
  • How to become a private banking advisor?
    - Usually, a post-secondary degree in economics, supplemented with bank-specific training and certifications like Swedsec.
  • What are the job responsibilities?
    - Advising on loans, savings, pensions, insurance, and assisting clients with financial decisions.
  • Are there gender pay gaps?
    - Yes, women earn an average of 43 600 SEK/month, while men earn 52 800 SEK/month, meaning women earn 83% of men's salaries.
  • What are the future prospects?
    - The employment service estimates demand will be unchanged over the next five years, with moderate job opportunities.
  • What benefits are common?
    - Company pension, wellness allowances, bonuses, and remote work options are often available.
  • Are there regional salary differences?
    - Salaries can vary depending on location and bank size, but detailed statistics are lacking.

Richard Andersson

Richard Andersson - 2025-07-17 11:28:53

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

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