Both are indicators. If your salary is higher than both of the average and the median then you are doing very well. If your salary is lower than both, then many people are earning more than you and there is plenty of room for improvement. If your wage is between the average and the median, then things can be a bit complicated. We wrote a guide to explain all about the different scenarios. How to compare your salary
While someone with an experience level between two and five years is expected to earn 32,500 SEK per month, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 44,800 SEK per month, 38% more than someone with two to five years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 59,500 SEK per month, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 63,400 SEK per month, 7% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+29%|
|5 - 10 Years||+38%|
|10 - 15 Years||+24%|
|15 - 20 Years||+7%|
While someone with a Bachelor's Degree gets a salary of 43,700 SEK per month, 34% more than someone having a Certificate or Diploma degree.
A Master's Degree gets its holder an average salary of 66,900 SEK per month, 53% more than someone with a Bachelor's Degree.
|Certificate or Diploma|
A Master's degree program or any post-graduate program in Sweden costs anywhere from 226,000 Swedish Krona(s) to 677,000 Swedish Krona(s) and lasts approximately two years. That is quite an investment.
You can't really expect any salary increases during the study period, assuming you already have a job. In most cases, a salary review is conducted once education is completed and the degree has been attained.
Many people pursue higher education as a tactic to switch into a higher paying job. The numbers seem to support the thoery. The average increase in compensation while changing jobs is approximately 10% more than the customary salary increment.
If you can afford the costs of higher education, the return on investment is definitely worth it. You should be able to recover the costs in roughly a year or so.
The term 'Annual Salary Increase' usually refers to the increase in 12 calendar month period, but because it is rarely that people get their salaries reviewed exactly on the one year mark, it is more meaningful to know the frequency and the rate at the time of the increase.
The annual salary Increase in a calendar year (12 months) can be easily calculated as follows: Annual Salary Increase = Increase Rate x 12 ÷ Increase Frequency
Listed above are the average annual increase rates for each industry in Sweden for the year 2022. Companies within thriving industries tend to provide higher and more frequent raises. Exceptions do exist, but generally speaking, the situation of any company is closely related to the economic situation in the country or region. These figures tend to change frequently.
42% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 58% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% of their annual salary.
The most standard form of bonus where the employee is awarded based on their exceptional performance.Company Performance Bonuses
Occasionally, some companies like to celebrate excess earnings and profits with their staff collectively in the form of bonuses that are granted to everyone. The amount of the bonus will probably be different from person to person depending on their role within the organization.Goal-Based Bonuses
Granted upon achieving an important goal or milestone.Holiday / End of Year Bonuses
These types of bonuses are given without a reason and usually resemble an appreciation token.
People tend to confuse bonuses with commissions. A commission is a prefixed rate at which someone gets paid for items sold or deals completed while a bonus is in most cases arbitrary and unplanned.
The main two types of jobs
|Revenue Generators||Supporting Cast|
Employees that are directly involved in generating revenue or profit for the organization. Their field of expertise usually matches the type of business.
Employees that support and facilitate the work of revenue generators. Their expertise is usually different from that of the core business operations.
Revenue generators usually get more and higher bonuses, higher salaries, and more frequent salary increments. The reason is quite simple: it is easier to quantify your value to the company in monetary terms when you participate in revenue generation.
Top management personnel and senior employees naturally exhibit higher bonus rates and frequencies than juniors. This is very predictable due to the inherent responsibilities of being higher in the hierarchy. People in top positions can easily get double or triple bonus rates than employees down the pyramid.
The hourly wage is the salary paid in one worked hour. Usually jobs are classified into two categories: salaried jobs and hourly jobs. Salaried jobs pay a fix amount regardless of the hours worked. Hourly jobs pay per worked hour. To convert salary into hourly wage the above formula is used (assuming 5 working days in a week and 8 working hours per day which is the standard for most jobs). The hourly wage calculation may differ slightly depending on the worked hours per week and the annual vacation allowance. The figures mentioned above are good approximations and are considered to be the standard. One major difference between salaried employees and hourly paid employees is overtime eligibility. Salaried employees are usually exempt from overtime as opposed to hourly paid staff.
|Job Title||Average Salary|
|ABAP Developer||39,100 SEK||-10%|
|Android Developer||44,700 SEK||+3%|
|Angular Developer||41,200 SEK||-5%|
|AS400 Programmer||49,300 SEK||+13%|
|Avaloq Developer||43,800 SEK||+1%|
|BizTalk Developer||47,500 SEK||+9%|
|Build and Release Engineer||40,100 SEK||-8%|
|Business Intelligence Developer||47,100 SEK||+8%|
|Business Objects Developer||42,400 SEK||-3%|
|C# Developer||47,600 SEK||+9%|
|C++ Developer||48,400 SEK||+11%|
|CMS Developer||37,700 SEK||-13%|
|Curam Developer||37,200 SEK||-14%|
|Developer / Programmer||45,400 SEK||+4%|
|Flash Developer||39,300 SEK||-10%|
|Front End Developer||37,000 SEK||-15%|
|Full Stack Developer||46,100 SEK||+6%|
|Game Developer||39,400 SEK||-9%|
|GIS Developer||43,100 SEK||-1%|
|Graphical User Interface ( GUI ) Programmer||40,300 SEK||-7%|
|Graphics Programmer||41,300 SEK||-5%|
|Imaging Programmer||40,600 SEK||-7%|
|IOS Developer||50,300 SEK||+16%|
|Java Developer||50,600 SEK||+16%|
|Lead Developer||54,600 SEK||+26%|
|Mobile Developer||47,700 SEK||+10%|
|Multimedia Developer||41,300 SEK||-5%|
|Nodejs Developer||47,600 SEK||+9%|
|Oracle Developer||48,100 SEK||+11%|
|Perl Developer||36,600 SEK||-16%|
|PHP Developer||38,600 SEK||-11%|
|Python Developer||47,900 SEK||+10%|
|Remedy Developer||37,900 SEK||-13%|
|Ruby Developer||39,800 SEK||-9%|
|Salesforce Developer||34,200 SEK||-21%|
|SAS Programmer||40,300 SEK||-7%|
|Sharepoint Developer||48,200 SEK||+11%|
|Software Development Manager||58,100 SEK||+34%|
|Software QA Engineer||40,800 SEK||-6%|
|Software Test Engineer||38,900 SEK||-11%|
|Teradata Developer||37,000 SEK||-15%|
|TIBCO Developer||39,800 SEK||-9%|
|User Experience Designer||41,500 SEK||-5%|
|VB Developer||33,900 SEK||-22%|
|VB.NET Developer||45,200 SEK||+4%|
Where can you get paid more, working for a private company or for the government? Public sector employees in Sweden earn 5% more than their private sector counterparts on average across all sectors.