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Finance Managers overseeing the day-to-day operations of the finance department, such as accounting, financial reporting, budgeting, and forecasting typically earn a quite good salary range in Sweden. Sweden offers a competitive salary for finance managers, with average annual earnings exceeding SEK 1 million. However, salaries can vary based on factors such as experience, qualifications, company size, and industry. In this article, we will explain to you the detailed information on Finance Manager Salary in Sweden with their other factors.
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How Much Does a Finance Manager Earn in Sweden?
Finance managers in Sweden earn a respectable salary. On average, they make around SEK 1,088,100 annually or SEK 90,675 monthly. However, salaries can vary widely depending on experience, qualifications, and the specific industry. While the lowest annual salary is around SEK 500,100, the highest can reach SEK 1,728,900. This translates to a monthly range of SEK 41,675 to SEK 144,075. If you’re considering a career in finance management in Sweden, you can expect a comfortable income, especially with experience and expertise.
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Experience Wise Finance Manager Salary in Sweden
The salary of a Finance Manager in Sweden varies based on factors such as experience, industry, location, and the size of the company. Here’s an approximate breakdown:
| Year of Experience | Average Salary Per Year |
| 0-2 Years | SEK 566,900 |
| 2-5 Years | SEK 756,700 |
| 5-10 Years | SEK 1,122,300 |
| 10-15 Years | SEK 1,369,700 |
| 15-20 Years | SEK 1,487,200 |
| 20+ Years | SEK 1,606,100 |
Education Wise Finance Manager Salary in Sweden
In Sweden, the salary of a Finance Manager is influenced by educational qualifications, along with experience and industry. Here’s an approximate breakdown based on the level of education:
| Level of Education | Average Salary Per Year |
| Certificate or Diploma | SEK 646,600 |
| Bachelor’s Degree | SEK 1,014,700 |
| Master’s Degree | SEK 1,703,200 |
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Organisation Wise Finance Manager Salary in Sweden
The salary of a Finance Manager in Sweden can vary significantly based on the type of organization, its size, industry, and operational scope. Below is a breakdown based on organizational characteristics:
| Type of Organisation | Average Salary Per Year |
| Epidemic Sound | SEK 500,000- SEK 730,000 |
| Procter & Gamble | SEK 350,000- SEK 390,000 |
| Spotify | SEK 600,000- SEK 700,000 |
| Accenture | SEK 830,000- SEK 930,000 |
| Microsoft | SEK 590,000- SEK 640,000 |
City Wise Finance Manager Salary in Sweden
The salary of a Finance Manager in Sweden varies across cities due to differences in living costs, demand for skilled professionals, and the concentration of industries. Here’s a city-wise breakdown:
| Cities | Average Salary Per Year |
| Goteborg | SEK 1,084,200 |
| Stockholm | SEK 1,235,600 |
| Malmo | SEK 1,037,600 |
| Helsingborg | SEK 800,000 |
| Uppsala | SEK 1,100,000 |
| Linköping | SEK 890,399 |
| Norrköping | SEK 902,300 |
| Örebro | SEK 765,300 |
Positions Wise Finance Manager Salary in Sweden
The salary of a Finance Manager in Sweden can vary depending on the specific position or role within the finance department. Below is a breakdown of the salary range based on different finance-related positions in Sweden:
| Positions | Average Salary Per Year |
| Accountant | SEK 398,300 |
| Accounting Clerk | SEK 239,000 |
| Accounts Payable Clerk | SEK 282,500 |
| Assistant Finance Manager | SEK 786,600 |
| Auditing Clerk | SEK 322,600 |
| Billing Clerk | SEK 288,700 |
| Bookkeeper | SEK 263,900 |
| Cash Flow Analyst | SEK 619,000 |
| Collections Clerk | SEK 238,900 |
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FAQs
The average annual salary for a Finance Manager in Sweden is around SEK 688,917 (approximately €65,000). However, this can vary based on factors like experience, location, company size, and specific responsibilities.
Sweden has a progressive tax system, meaning higher earners pay a higher percentage of their income in taxes. Additionally, there are social security deductions and other fees. It’s advisable to consult with a tax professional for accurate information.
Sweden offers excellent opportunities for career advancement and salary growth for Finance Managers. With experience, certifications, and continuous learning, Finance Managers can progress to higher positions, such as CFO or other executive roles, with significantly higher salaries.
This was all about the Finance Manager’s Salary in Sweden. If you want to read more about salaries with highly skilled professional jobs follow Leverage Edu and or main page Jobs Abroad.
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