Sweden, renowned for its high standard of living and robust economy, offers competitive salaries for professionals in various sectors, including banking. Bank managers in Sweden play an important role in the country’s financial landscape, and their compensation is high with other rewarding benefits. In this article, we will help you by providing you with detailed information on bank manager salary in Sweden. Also, we will explain to you the factors that influence the salary range of a bank manager in Sweden.
This Blog Includes:
- How Much Does a Bank Manager Earn in Sweden?
- Bank Manager Salary in Sweden Based On Experience Level
- Bank Manager Salary in Sweden Based On Education Level
- Bank Manager Salary in Sweden Based On Organisation
- Bank Manager Salary in Sweden Based On Cities
- Bank Manager Salary in Sweden Based On Positions
- FAQs
How Much Does a Bank Manager Earn in Sweden?
Bank managers in Sweden command competitive salaries, with an average annual income of SEK 1,141,000. This translates to a monthly average of SEK 95,083. However, salaries can vary significantly. The lowest annual salary for a bank manager in Sweden is SEK 592,600, equivalent to SEK 49,383 per month. On the other hand, the highest earners in this profession can take home an impressive SEK 1,751,700 annually, or SEK 145,975 monthly. These figures highlight the potential earnings for bank managers in Sweden, but it’s important to note that actual salaries can be influenced by factors such as experience, qualifications, and the specific bank and location.
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Bank Manager Salary in Sweden Based On Experience Level
Experience plays a crucial role in determining the salary of a bank manager in Sweden. As you gain more years of experience, your earning potential increases significantly. Here’s a general breakdown of how experience level can impact a bank manager’s salary:
Experience Level | Average Salary Per Year |
0-2 Years | SEK 675,100 |
2-5 Years | SEK 904,700 |
5-10 Years | SEK 1,174,600 |
10-15 Years | SEK 1,428,800 |
15-20 Years | SEK 1,560,800 |
20+ Years | SEK 1,632,100 |
Bank Manager Salary in Sweden Based On Education Level
Education plays a significant role in determining the salary of a bank manager in Sweden. While experience and specific skills are crucial, a higher level of education often correlates with a higher earning potential. Here’s a general overview of how education level can influence a bank manager’s salary in Sweden:
Education Level | Average Salary Per Year |
Bachelor’s Degree | SEK 953,300 |
Master’s Degree | SEK 1,320,500 |
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Bank Manager Salary in Sweden Based On Organisation
The salary of a bank manager in Sweden can vary significantly depending on the specific organization. Larger, international banks often offer higher compensation packages, including competitive salaries and generous benefits. Here are some of the major banks in Sweden and their general salary trends for bank managers:
Organisation | Average Salary Per Year |
Swed Bank | SEK 600,000- 900,000 |
Noredea Bank | SEK 450,000- SEK 560,000 |
Avnaza | SEK 234,000- SEK 450,000 |
JPMorgan Chase & Co | SEK 400,000- SEK 630,000 |
HSBC | SEK 345,000- SEK 700,000 |
Citibank | SEK 200,000- SEK 500,000 |
Bank Manager Salary in Sweden Based On Cities
The salary of a bank manager might differ from city to city in Sweden. Here are some of the major banks in Sweden and their general salary trends for bank managers:
Cities | Average Salary Per Year |
Goteborg | SEK 1,172,800 |
Malmo | SEK 1,023,000 |
Stockholm | SEK 1,320,500 |
Uppsala | SEK 1,450,000 |
Västerås | SEK 1,056,000 |
Linköping | SEK 1,560,000 |
Örebro | SEK 1,780,000 |
Bank Manager Salary in Sweden Based On Positions
There are various specific positions within the banking industry that can significantly impact salary levels. Here’s a breakdown of some common bank manager positions and t
Positions | Average Salary Per Year |
Assistant Bank Branch Manager | SEK 762,400 |
Bank Clerk | SEK 192,000 |
Bank Collector | SEK 197,600 |
Banker | SEK 433,400 |
Budget Analyst | SEK 632,400 |
Corporate Banker | SEK 430,000 |
Corporate Dealer | SEK 615,300 |
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FAQs
The average salary for a bank manager in Sweden ranges between SEK 600,000 and SEK 900,000 per year, depending on experience, location, and the bank’s size.
Factors include years of experience, educational background, the specific bank (e.g., Nordea, SEB, Swedbank), job location, and additional responsibilities like team management or client portfolios.
Yes, many bank managers receive bonuses, pension contributions, health insurance, and allowances for professional development or travel.
This was all about the average Bank Manager Salary in Sweden, if you are looking to read more such articles follow Leverage Edu and Jobs Abroad.
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