SAX broker salary

Salary and Working Conditions for SAX Brokers

SAX brokers are a specialized type of financial brokers operating on the Stockholm Stock Exchange's SAX system. This professional group handles large volumes of stock trades and plays a crucial role in the machinery of the financial market. According to the latest statistics, the average salary for a SAX broker is an impressive 100 800 SEK per month. This marks a significant increase from last year's average salary of 99 200 SEK.

Gender Pay Gap

An interesting and important aspect of salary statistics is the significant wage gap between men and women in this profession. On average, men earn 107 900 SEK per month, while women earn 74 100 SEK. This means that women in the profession earn approximately 69% of what men do. These disparities are something that the job market needs to actively work on reducing.

Education for SAX Brokers

Becoming a SAX broker often requires a solid education in finance or economics. Many have a degree in business economics or a similar field from a higher education institution. Certifications and licenses are also crucial, and many employers require specific courses and exams to be completed. Some companies offer paid training and courses to ensure that their employees are up to date with the latest market knowledge and regulations.

Requirements for Becoming a SAX Broker

To succeed as a SAX broker, one needs not only a strong educational background but also certain personal qualities. Good analytical skills, stress tolerance, and a keen interest in the financial market are crucial. Experience in similar roles or internships can also be a significant advantage. The job market for SAX brokers is competitive, and a strong track record is often necessary to break into the industry.

Job Duties and Work Environment

As a SAX broker, one works on buying and selling stocks and other securities on behalf of clients. The job involves closely monitoring market movements and being able to act quickly on changes. The work environment is often hectic and requires the ability to make quick decisions under pressure. Long working hours are not uncommon, especially during periods of high market activity.

Benefits and Working Conditions

Many employers in the financial sector offer benefits that can include everything from paid training to mobile phones and other work tools. These benefits are often part of a broader compensation package aimed at attracting and retaining qualified personnel.