SAX broker

What does a SAX broker do? – Job tasks and work environment

A SAX broker works with facilitating trades of financial instruments on the Swedish market platform SAXESS, including stocks, bonds, and other securities. Responsibilities include executing trades for clients, analyzing market trends, monitoring stock prices in real-time, and ensuring all transactions comply with applicable laws and regulations. The role also involves advising companies and individuals on investments and collaborating closely with other actors in the financial industry. The work environment is often fast-paced and characterized by high information flow, technical trading systems, and demands for quick decision-making, usually in open-plan offices at banks or securities firms.

Salary development over time

The salary of SAX brokers has shown a clear increase in recent years. In 2022, the average salary was 99,200 SEK per month, rising to 100 800 SEK in 2023 and further to 106 500 SEK in 2024. This development corresponds to a total increase of approximately 7.4% over three years. The salary increase can largely be explained by continued high demand for expertise in financial trading, increased complexity, and digitalization of the securities market. The market for experienced brokers has also strengthened as trading volumes on the stock exchange have increased, leading to competition for the most qualified candidates. Salary growth is also a result of employers wanting to retain and attract specialists in the field.

SAX broker salary – complete overview

• Average salary: 106 500 SEK/month
• Lowest salary: 74,900 SEK/month
• Highest salary: 122,400 SEK/month
• Hourly wage (average): 641 SEK
• Men earn: 121,400 SEK/month
• Women earn: 74,900 SEK/month
• Women's salary as a percentage of men's: 62%

Education and qualifications

The path to becoming a SAX broker typically involves an academic degree in economics, finance, or business administration, often complemented by specialized courses in securities trading. Many employers also require certifications in financial regulations and experience from internships or trainee programs. Besides formal qualifications, technical understanding and strong analytical skills are highly valued.

• Economics degree (3–4.5 years): Bachelor's or master's degree in economics or finance
• Certifications: Swedsec license or equivalent authorization for securities trading
• Internship/trainee: Usually required relevant internship or trainee position at a bank or securities firm
• Prerequisites: Strong skills in mathematics and logic, sometimes requiring high school economics
• Online courses: Supplementary education in financial instruments and trading systems

Common benefits and compensations

SAX brokers are often offered benefits such as performance-based bonuses, occupational pension, wellness allowances, and opportunities for further education. Other common compensations include private health insurance, subsidized lunches, and access to corporate health services. In some cases, stock programs and profit-sharing linked to company results are also available.

Competition and challenges

The competition for positions as SAX brokers is fierce, especially at larger banks and investment companies. The industry is characterized by a high pace, rapid market changes, and constant demands for skill development. A major challenge is staying updated on new technology, regulations, and international market trends. Gender salary gaps are noticeable and can impact the attractiveness of the profession for some groups. Additionally, digitalization places high demands on adaptability, meaning only the most flexible and quick learners have long-term opportunities for advancement.

Tips for aspiring SAX brokers

To succeed as a SAX broker, it is beneficial to combine analytical sharpness with resilience under stress and a strong business mindset. Developing good skills in mathematics and finance provides a solid foundation for understanding and interpreting market data, while the ability to make quick decisions is crucial in a high-paced environment. Being communicative and able to build relationships is also an advantage, as collaboration and client contacts are central to the profession. A strong drive and willingness to continuously update knowledge on new regulations and technical platforms increase chances of standing out in the competition. Participating in internship programs or applying for trainee positions can provide valuable experience and networks. Finally, integrity and meticulousness are highly valued, especially when it comes to adhering to laws and regulations within the financial sector.

Key facts about SAX brokers

• Average salary: 106 500 SEK/month
• Salary range: 74,900–122,400 SEK/month
• Education level: Bachelor's or master's degree in economics/finance
• Gender differences: Women earn 62% of men's salary
• Demand: 758 job openings (2024)

Career paths and future prospects

After 3–5 years in the profession, a SAX broker can advance to senior roles such as chief or specialist broker, stock analyst, or portfolio manager. It is also common to move into leadership positions within risk management or business development at banks and investment firms. Forecasts from the Swedish Public Employment Service indicate that demand for qualified financial brokers remains strong, especially for those with specialized skills in digital trading and international regulations. With experience and networks, there are also opportunities to work internationally or specialize in niche market segments.

Frequently asked questions about SAX brokers

• What does a SAX broker earn?
  - A SAX broker has an average salary of 106 500 SEK per month, but the salary varies depending on experience, employer, and gender.
• How to become a SAX broker?
  - Most commonly, it requires an academic degree in economics or finance, along with certification in securities trading, such as a Swedsec license.
• What are the job responsibilities of a SAX broker?
  - The duties include executing trades with financial instruments, analyzing market trends, and providing investment advice.
• What does the future look like for SAX brokers?
  - Demand remains high, especially for individuals with digital skills and experience in international markets.
• Are there salary differences between men and women?
  - Yes, women earn on average 62% of what men do in the profession.
• What education is required to work as a SAX broker?
  - A bachelor's or master's degree in economics or finance, often supplemented with certifications, is usually required.
• What are the most common benefits?
  - Bonuses, occupational pension, wellness allowances, and private health insurance are common benefits.