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Bank Quantitative Analyst Average Salary in Sweden 2024

How much money does a person working as Bank Quantitative Analyst make in Sweden?


Average Monthly Salary
47,600 SEK
( 572,000 SEK yearly)

LOW
22,900
SEK
AVERAGE
47,600
SEK
HIGH
74,800
SEK
All salary figures displayed here are per month except when noted otherwise.
All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

A person working as Bank Quantitative Analyst in Sweden typically earns around 47,600 SEK. Salaries range from 22,900 SEK (lowest) to 74,800 SEK (highest).


Salary Variance

This is the average salary including housing, transport, and other benefits. Bank Quantitative Analyst salaries in Sweden vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.



Bank Quantitative Analyst Pay Scale and Salaries in Sweden

Median and salary distribution Sweden Bank Quantitative Analyst monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
44,500 SEK or more
10% of people earn
39,200 to 44,500 SEK
20% of people earn
27,600 SEK or less
65% of people earn
27,600 to 39,200 SEK
Minimum Salary
22,900 SEK
Median
44,800 SEK
Maximum
74,800 SEK




Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range

All salary figures displayed here are per month except when noted otherwise.
  • Salary Range, Minimum Wage, and Starting Salary

    Salaries for the position Bank Quantitative Analyst in Sweden range from 22,900 SEK (starting salary) to 74,800 SEK (maximum salary). It should be noted that the given figure is not the legally mandated minimum wage; rather, it represents the lowest figure reported in a salary survey that included thousands of participants and professionals from all regions of the country.

  • Median Salary

    With a median salary of 44,800 SEK, half of the professionals who work as Bank Quantitative Analyst in Sweden earn less than this amount, and the other half earn more. The median salary denotes the middle value of salaries. Ideally, you would want to belong to the group earning more than the median salary, located on the right side of the salary distribution graph.

  • Percentiles and Salary Scale

    The median is closely associated with two other values known as the 25th and 75th percentiles. By examining the salary distribution chart, it can be determined that 25% of professionals employed as Bank Quantitative Analyst in Sweden earn less than 36,500 SEK, while 75% earn more. Similarly, the chart shows that 75% earn less than 51,400 SEK while 25% earn more.

  • Pay Scale Structure

    To provide a better understanding of expected salaries, we categorized the frequently occurring salaries into different ranges. This approach provides a more precise representation of salary distribution for the job title Bank Quantitative Analyst in Sweden compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 27,600 SEK to 39,200 SEK. About 20% of salaries are below the 27,600 SEK mark, while 10% fall within the range of 39,200 SEK to 44,500 SEK. Only 5% of individuals have salaries exceeding 44,500 SEK.

Salary Comparison by Years of Experience / Bank Quantitative Analyst / Sweden

How do experience and age affect pay?

0 - 2 Years
26,800 SEK
2 - 5 Years+42%
37,900 SEK
5 - 10 Years+31%
49,900 SEK
10 - 15 Years+23%
61,300 SEK
15 - 20 Years+6%
65,200 SEK
20+ Years+10%
71,400 SEK
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Sweden Bank Quantitative Analyst
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The experience level is the most important factor in determining the salary. Naturally, the more years of experience the higher the wage. We broke down salaries by experience level for people working as Bank Quantitative Analyst and this is what we found.


All salary figures displayed here are per month except when noted otherwise.

Employees with less than two years of experience earn approximately 26,800 SEK.

While someone with an experience level between two and five years is expected to earn 37,900 SEK, 42% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 49,900 SEK, 31% more than someone with two to five years of experience.

Additionally, professionals whose expertise span anywhere between ten and fifteen years get a salary equivalent to 61,300 SEK, 23% more than someone with five to ten years of experience.

If the experience level is between fifteen and twenty years, then the expected wage is 65,200 SEK, 6% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 71,400 SEK, 10% more than people with fifteen to twenty years of experience.

On average, a person's salary doubles their starting salary by the time they cross the 10 years* experience mark.
* Based on the average change in salary over time. Salary variations differ from person to person.

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Salary Comparison By Education / Bank Quantitative Analyst / Sweden

How do education levels affect salaries?

Displayed below is the average salary variance between different education levels of professionals working as Bank Quantitative Analyst.

Bachelor's Degree
42,100 SEK
Master's Degree+43%
60,300 SEK
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Sweden Bank Quantitative Analyst
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We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down salaries by education level for the position Bank Quantitative Analyst in order to make a comparison.


Level 1: Bachelor's Degree

Employees at this education level have an average salary of 42,100 SEK.


Level 2: Master's Degree

At this level, the average salary becomes 60,300 SEK, 43% more than the previous level.



Is a Master's degree or an MBA worth it? Should you pursue higher education?

A Master's degree program or any post-graduate program in Sweden costs anywhere from 226,000 SEK to 679,000 SEK 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 to a higher-paying job. The numbers seem to support the theory. 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Salary and Compensation Comparison By Gender / Bank Quantitative Analyst / Sweden

Salary comparison by gender Sweden Bank Quantitative Analyst monthly
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Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? For the people who work as Bank Quantitative Analyst in Sweden, the average difference between the salary of male and female employees is 4%.

Male
48,700 SEK
Female-4%
46,700 SEK
Percentage increase and decrease are relative to the previous value

Salary Comparison By Gender in Sweden for all Careers

Salary comparison by gender monthly Sweden
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Average Annual Salary Increment Percentage / Bank Quantitative Analyst / Sweden

How much are annual salary increments in Sweden for individuals working as Bank Quantitative Analyst? How often do employees get salary raises?

Individuals working as Bank Quantitative Analyst in Sweden are likely to observe a salary increase of approximately 12% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Sweden Bank Quantitative Analyst
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The figures provided here are averages of numbers. Those figures should be taken as general guidelines. Salary increments will vary from person to person and depend on many factors, but your performance and contribution to the success of the organization remain the most important factors in determining how much and how often you will be granted a raise.

Sweden / All Professions

Annual Salary Increment Rate Sweden
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The term Annual Salary Increase usually refers to the increase in 12 calendar month period, but because it is rare 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.

How to calculate the salary increment percentage?

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

The average salary increase in one year (12 months) in Sweden is 6%.

Worldwide Salary Raises: All Countries and All Jobs

World Average Annual Salary Increment
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Salary Packages and Schemes

Not all compensation increases are reflected directly in the salary. Some companies offer upgraded packages to their staff instead of cash money. The figures displayed here account only for direct increments to the base salary.



Bonus and Incentive Rates / Bank Quantitative Analyst / Sweden

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sweden Bank Quantitative Analyst
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16% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 84% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 5% to 9% of their annual salary.

Received Bonus
84%
No Bonus
16%

Types of Bonuses Considered

Individual Performance-Based Bonuses

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.

Bonuses Are Not Commissions!

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.


What makes a position worthy of good bonuses and a high salary?

The main two types of jobs

Revenue GeneratorsSupporting 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.

Example:
A graphics designer working for a graphics designing company.

Example:
A graphic designer in the marketing department of a hospital.


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.

Try to work for companies where your skills can generate revenue. We can't all generate revenue and that's perfectly fine.

Bonus Comparison by Seniority Level

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.

Average Hourly Wage / Bank Quantitative Analyst / Sweden


270 SEK per hour

The average hourly wage (pay per hour) for individuals working as Bank Quantitative Analyst in Sweden is 270 SEK.This is the rate they get paid for every worked hour.


Hourly Wage = Annual Salary / ( 52 x 5 x 8 )

About The Hourly Pay Rate

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 fixed 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.

What is the minimum hourly rate of pay?

The minimum pay rate per hour for people working as Bank Quantitative Analyst in Sweden is 130 SEK. This is the minimum as per the gathered data in the salary survey not the minimum hourly rate mandated by law.

Salary comparison with similar jobs

Job TitleAverage Salary
Banking-100%
AML Analyst69,900 SEK+47%
Assistant Bank Branch Manager63,600 SEK+33%
Assistant Bank Manager79,400 SEK+67%
ATM Manager67,700 SEK+42%
ATM Service Technician18,800 SEK-61%
Bank Accounts Analyst27,400 SEK-42%
Bank Accounts Collector16,400 SEK-66%
Bank Accounts Controller33,300 SEK-30%
Bank Accounts Executive49,800 SEK+5%
Bank Accounts Manager58,300 SEK+22%
Bank Auditing Manager61,200 SEK+28%
Bank Branch Manager85,900 SEK+80%
Bank Branch Operations Coordinator35,600 SEK-25%
Bank Clerk15,900 SEK-67%
Bank Client Service Associate21,900 SEK-54%
Bank Collector16,600 SEK-65%
Bank Compliance Specialist43,900 SEK-8%
Bank Manager95,200 SEK+100%
Bank Operational Risk Manager97,200 SEK+100%
Bank Operations Head95,400 SEK+100%
Bank Operations Officer37,300 SEK-22%
Bank Operations Specialist60,000 SEK+26%
Bank Process Manager57,800 SEK+21%
Bank Product Manager 61,300 SEK+29%
Bank Programme Manager69,400 SEK+46%
Bank Project Manager77,100 SEK+62%
Bank Propositions Manager70,100 SEK+47%
Bank Quantitative Analyst47,600 SEK-0%
Bank Regional Manager98,700 SEK+110%
Bank Regional Risk Officer52,000 SEK+9%
Bank Relationship Manager73,000 SEK+53%
Bank Relationship Officer33,700 SEK-29%
Bank Sustainability Analyst56,700 SEK+19%
Bank Teller16,900 SEK-65%
Banker36,200 SEK-24%
Banking Business Analyst52,100 SEK+9%
Banking Business Development Officer30,900 SEK-35%
Banking Business Planning Executive76,400 SEK+60%
Banking Data Analyst58,800 SEK+23%
Banking Product Manager63,600 SEK+33%
Banking Reference Data Manager55,300 SEK+16%
Banking Regulatory Compliance Officer60,900 SEK+28%
Banking Risk Analyst48,900 SEK+3%
Banking Technical Analyst28,100 SEK-41%
Bankruptcy Coordinator36,000 SEK-24%
Bill and Account Collector18,600 SEK-61%
Blockchain Analyst46,000 SEK-3%
Blockchain Architect48,700 SEK+2%
Blockchain Auditor43,600 SEK-8%
Blockchain Compliance Analyst45,400 SEK-5%
Blockchain Consultant48,000 SEK+1%
Blockchain Trade Facilitator43,500 SEK-9%
Budget Analyst52,800 SEK+11%
Capital Risk Manager94,900 SEK+99%
Cards Marketing Manager64,500 SEK+35%
Cash Management Manager87,100 SEK+83%
Check Processing Manager65,000 SEK+36%
Chief Blockchain Officer59,100 SEK+24%
Commercial Vault Associate52,100 SEK+9%
Corporate Banker35,900 SEK-25%
Corporate Dealer51,400 SEK+8%
Credit Analyst40,100 SEK-16%
Credit and Collections Manager70,200 SEK+47%
Credit Card Fraud Investigator54,200 SEK+14%
Credit Portfolio Manager98,400 SEK+110%
Credit Risk Analyst56,400 SEK+18%
Credit Risk Associate52,300 SEK+10%
Cryptocurrency Accountant32,000 SEK-33%
Cryptocurrency Adviser62,700 SEK+32%
Cryptocurrency Analyst47,400 SEK-1%
Cryptocurrency Compliance Manager59,400 SEK+25%
Cryptocurrency Trader53,600 SEK+12%
Digital Banking Manager66,300 SEK+39%
Digital Currency Analyst50,800 SEK+7%
Direct Bank Sales Representative37,500 SEK-21%
Exchange Control Consultant56,900 SEK+19%
Executive Account Analyst52,800 SEK+11%
Financial Bank Planning Consultant66,100 SEK+39%
Financial Banking Analysis Manager79,300 SEK+66%
Financial Banking Assistant23,500 SEK-51%
Financial Banking Systems Manager67,700 SEK+42%
Foreign Exchange Manager73,100 SEK+53%
Fraud Analyst56,500 SEK+19%
Fraud Detection Associate36,500 SEK-23%
Fraud Detection Manager79,600 SEK+67%
Fraud Detection Supervisor44,500 SEK-7%
Internal Bank Audit Manager94,600 SEK+99%
Internal Bank Auditor50,700 SEK+6%
Internal Private Banker36,500 SEK-23%
International Banking Manager108,000 SEK+130%
Investment Banking Analyst76,500 SEK+61%
Loan Analyst49,300 SEK+3%
Loan Area Manager60,000 SEK+26%
Loan Audit Team Leader56,200 SEK+18%
Loan Branch Manager56,100 SEK+18%
Loan Business Development Officer30,600 SEK-36%
Loan Clerk18,000 SEK-62%
Loan Collection and Recovery Manager62,100 SEK+30%
Loan Collection Manager61,500 SEK+29%
Loan Collector17,100 SEK-64%
Loan Examiner23,000 SEK-52%
Loan Officer20,500 SEK-57%
Loan Processing Manager57,200 SEK+20%
Loan Processor24,100 SEK-49%
Loan Quality Assurance Auditor49,500 SEK+4%
Loan Quality Assurance Manager55,600 SEK+17%
Loan Quality Assurance Representative37,400 SEK-22%
Loan Review Manager56,900 SEK+19%
Loan Team Leader51,300 SEK+8%
Loans Manager68,700 SEK+44%
Mortgage Advisor35,600 SEK-25%
Mortgage Collection Manager60,600 SEK+27%
Mortgage Collector17,100 SEK-64%
Mortgage Credit Analyst28,000 SEK-41%
Mortgage Credit Manager59,400 SEK+25%
Mortgage Development Manager68,600 SEK+44%
Mortgage Document Reviewer21,300 SEK-55%
Mortgage Funding Manager63,900 SEK+34%
Mortgage Operations Manager89,400 SEK+88%
Mortgage Payment Processing Clerk19,900 SEK-58%
Mortgage Processing Manager57,000 SEK+20%
Mortgage Processor22,600 SEK-53%
Mortgage Quality Assurance Auditor52,000 SEK+9%
Mortgage Quality Assurance Manager60,000 SEK+26%
Mortgage Servicing Clerk17,600 SEK-63%
Mortgage Servicing Manager56,500 SEK+19%
Mortgage Underwriter22,600 SEK-53%
Online Banking Manager92,700 SEK+95%
Open Banking Strategist53,400 SEK+12%
Payment Processing Clerk19,100 SEK-60%
Personal Banker38,500 SEK-19%
Personal Banking Advisor 39,000 SEK-18%
Phone Banker24,900 SEK-48%
Private Banker35,500 SEK-25%
Reconciliation and Investigation Specialist43,800 SEK-8%
Tax Officer30,900 SEK-35%
Teller17,200 SEK-64%
Trade Officer21,300 SEK-55%
Trade Product Manager61,600 SEK+29%
Trader26,000 SEK-45%
Treasury Operations Officer43,600 SEK-8%
Wealth Management Advisor71,600 SEK+50%

Salary Comparison By City

CityAverage Salary
Stockholm56,100 SEK

Government vs Private Sector Salary Comparison

Where can you get paid more, working in a private company or the government? The difference between the public or government sector salaries and the private sector salaries in Sweden is 5% on average across all career fields.

Private Sector
44,200 SEK
Public Sector+5%
46,300 SEK
Percentage increase and decrease are relative to the previous value

Salary Statistics and Calculation Guide

What is considered to be a good and competitive salary for the job title Bank Quantitative Analyst in Sweden?

A good and competitive compensation would range anywhere between 44,800 SEK and 51,400 SEK. This is a very rough estimate. Experience and education play a very huge part in the final earnings.

Gross Salary (before tax) and Net Salary (after tax)

All salary and compensation figures displayed here are gross salary figures, that is the salary before tax deductions. Because taxes may differ across sectors and locations, it is difficult to accurately calculate the net salary after tax for every career.

Base / Basic Salary

The base salary for a careers like Bank Quantitative Analyst in Sweden ranges from 22,900 SEK to 36,500 SEK. The base salary depends on many factors including experience and education. It is not easy to provide a figure with very little information, so take this range with a grain of salt.


What is the difference between the median and the average salary?

Both are indicators. If your salary is higher than both the average and the median then you are doing very well. If your salary is lower than both, then many people earn 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


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