- Salary statistics
- Currency broker
Currency broker salary
74 100 - 111 300 kr / month
Women earn 69% of what men do.
Administration, ekonomi
Salary progression Currency broker
Forex Broker: A Deep Dive into the Profession and Salary
Working as a forex broker involves a dynamic and challenging career where one buys and sells currencies on the international markets. The profession requires a strong analytical ability, as well as a good understanding of economics and finance.
Salary for Forex Brokers
The average salary for a forex broker is 100 800 SEK per month. However, it is worth noting that there is a significant wage gap between men and women in the profession. While men earn an average of 107 900 SEK per month, women's average salary is 74 100 SEK, meaning that women earn approximately 69% of what men do.
The highest salary for a male forex broker can reach up to 106,000 SEK, while the highest salary for a woman in the same profession is 77,000 SEK. At the lower end of the salary spectrum, we find that the lowest salary for a woman is 74 100 SEK, while the lowest salary for a man is 107 900 SEK.
The average salary for forex brokers has increased from 99 200 SEK to 100 800 SEK since the last measurement, indicating a positive salary development in the profession.
Education and Requirements
To become a forex broker, a post-secondary education in economics or finance is usually required, preferably with a focus on international trade or financial markets. A bachelor's degree of at least three years is common among the highest earners in the industry. In addition to formal education, it is also important to have a strong interest in financial markets and a willingness to constantly update one's knowledge.
Experience and networking are also crucial to succeed in the profession. Many forex brokers start their careers in junior positions within the financial sector and work their way up.
Job Duties
As a forex broker, one works on analyzing market trends, executing currency transactions, and advising clients on the forex market. The workday can be hectic and requires quick decision-making and the ability to handle stress. In addition to trading currencies, forex brokers often work on developing strategies to minimize risks and maximize profits for their clients.
Benefits and Working Conditions
The benefits in the profession can vary depending on the employer and position. Many forex brokers have access to paid training and further education, which is important to stay updated in the constantly changing financial sector. Other benefits may include a company-paid mobile phone and the opportunity for performance-based bonuses.
If you are considering a career as a forex broker, it is important to consider that the profession requires both a solid education and a strong work ethic. The wage disparities between men and women are also a factor to consider, but the potential for high income and career advancement can be very attractive to the right person.
Salary distributed by age and sector
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 72100 kr | 73600 kr | |
35-44 | 103400 kr | 105700 kr | |
45-54 | 129600 kr | 133800 kr | |
55-64 | 112200 kr | 117300 kr | |
Snitt | 69% | 97900 kr | 100800 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 72100 kr | 73600 kr | |
35-44 | 103400 kr | 105700 kr | |
45-54 | 129600 kr | 133800 kr | |
55-64 | 112200 kr | 117300 kr | |
Snitt | 69% | 97900 kr | 100800 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 72100 kr | 73600 kr | |
35-44 | 103400 kr | 105700 kr | |
45-54 | 129600 kr | 133800 kr | |
55-64 | 112200 kr | 117300 kr | |
Snitt | 69% | 97900 kr | 100800 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 76000 kr | 77600 kr | |
35-44 | 108900 kr | 111200 kr | |
45-54 | 132500 kr | 136800 kr | |
55-64 | 118700 kr | 124500 kr | |
Snitt | 69% | 104800 kr | 107900 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 76000 kr | 77600 kr | |
35-44 | 108900 kr | 111200 kr | |
45-54 | 132500 kr | 136800 kr | |
55-64 | 118700 kr | 124500 kr | |
Snitt | 69% | 104800 kr | 107900 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
25-34 | 76000 kr | 77600 kr | |
35-44 | 108900 kr | 111200 kr | |
45-54 | 132500 kr | 136800 kr | |
55-64 | 118700 kr | 124500 kr | |
Snitt | 69% | 104800 kr | 107900 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
Snitt | 69% | 72400 kr | 74100 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
Snitt | 69% | 72400 kr | 74100 kr |
Age | Base salary | Monthly salary | |
---|---|---|---|
Snitt | 69% | 72400 kr | 74100 kr |
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 Currency broker has the SSYK code 3311, which we use to match against the SCB database to obtain the latest salary statistics.
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