A person working as a Teller in Sweden typically earns around 79,700 SEK per month. Salaries range from 42,200 SEK (lowest) to 121,000 SEK (highest).
This is the average monthly salary including housing, transport, and other benefits. Teller salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Teller salaries in Sweden range from 42,200 SEK per month (minimum salary) to 121,000 SEK per month (maximum salary).
The median salary is 74,900 SEK per month, which means that half (50%) of people working as Teller(s) are earning less than 74,900 SEK while the other half are earning more than 74,900 SEK. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Teller(s) are earning less than 52,700 SEK while 75% of them are earning more than 52,700 SEK. Also from the diagram, 75% of Teller(s) are earning less than 92,200 SEK while 25% are earning more than 92,200 SEK.
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
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Teller salaries by experience level and this is what we found.
A Teller with less than two years of experience makes approximately 48,600 SEK per month.
While someone with an experience level between two and five years is expected to earn 59,600 SEK per month, 23% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 84,500 SEK per month, 42% more than someone with two to five years of experience.
Additionally, Teller(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 98,700 SEK per month, 17% 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 109,000 SEK per month, 10% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 115,000 SEK per month, 6% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+23%|
|5 - 10 Years||+42%|
|10 - 15 Years||+17%|
|15 - 20 Years||+10%|
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 Teller salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Teller is 59,600 SEK per month.
While someone with a Certificate or Diploma gets a salary of 83,300 SEK per month, 40% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 118,000 SEK per month, 42% more than someone with a Certificate or Diploma.
|Certificate or Diploma||+40%|
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Teller employees in Sweden earn 5% more than their female counterparts.
Teller(s) in Sweden are likely to observe a salary increase of approximately 11% every 15 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
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 2019. 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.
A Teller is considered to be a low bonus-based job due to the generally limited involvement in direct revenue generation, with exceptions of course. The people who get the highest bonuses are usually somehow involved in the revenue generation cycle.
71% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 29% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 1% to 3% 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.
Where can you get paid more, working for a private company or for the government? Public sector Teller employees in Sweden earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+2%|
|Average Salary 2019||+2%|
Teller salaries in Sweden are on the rise in the year 2020 based on recent submitted salaries and reports. As displayed in the chart, salaries in 2019 are 2% higher than those of 2018. The trend suggests a slow yet continuous increase in pay in 2021 and future years. These numbers may vary from industry to another.
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.
The average salary for Teller is 40% less than that of Banking. Also, Banking salaries are 13% more than those of All Jobs.
|Job Title||Average Salary|
|AML Analyst||160,000 SEK||+100%|
|Assistant Bank Branch Manager||156,000 SEK||+96%|
|Assistant Bank Manager||169,000 SEK||+110%|
|ATM Manager||160,000 SEK||+100%|
|ATM Service Technician||85,200 SEK||+7%|
|Bank Accounts Analyst||113,000 SEK||+42%|
|Bank Accounts Controller||117,000 SEK||+47%|
|Bank Accounts Executive||128,000 SEK||+61%|
|Bank Accounts Manager||138,000 SEK||+73%|
|Bank Auditing Manager||146,000 SEK||+83%|
|Bank Branch Manager||178,000 SEK||+120%|
|Bank Clerk||84,300 SEK||+6%|
|Bank Compliance Specialist||121,000 SEK||+52%|
|Bank Manager||248,000 SEK||+210%|
|Bank Operational Risk Manager||187,000 SEK||+130%|
|Bank Operations Head||194,000 SEK||+140%|
|Bank Operations Officer||111,000 SEK||+39%|
|Bank Operations Specialist||154,000 SEK||+93%|
|Bank Process Manager||133,000 SEK||+67%|
|Bank Product Manager||128,000 SEK||+61%|
|Bank Programme Manager||166,000 SEK||+110%|
|Bank Project Manager||159,000 SEK||+99%|
|Bank Propositions Manager||162,000 SEK||+100%|
|Bank Quantitative Analyst||123,000 SEK||+54%|
|Bank Regional Manager||180,000 SEK||+130%|
|Bank Regional Risk Officer||123,000 SEK||+54%|
|Bank Relationship Manager||149,000 SEK||+87%|
|Bank Relationship Officer||114,000 SEK||+43%|
|Banking Business Analyst||134,000 SEK||+68%|
|Banking Business Development Officer||109,000 SEK||+37%|
|Banking Business Planning Executive||175,000 SEK||+120%|
|Banking Product Manager||159,000 SEK||+99%|
|Banking Reference Data Manager||142,000 SEK||+78%|
|Banking Risk Analyst||126,000 SEK||+58%|
|Banking Technical Analyst||116,000 SEK||+46%|
|Bankruptcy Coordinator||139,000 SEK||+74%|
|Budget Analyst||136,000 SEK||+71%|
|Cards Marketing Manager||161,000 SEK||+100%|
|Cash Management Manager||173,000 SEK||+120%|
|Check Processing Manager||166,000 SEK||+110%|
|Commercial Vault Associate||134,000 SEK||+68%|
|Corporate Dealer||132,000 SEK||+66%|
|Credit Analyst||151,000 SEK||+89%|
|Credit and Collections Manager||163,000 SEK||+100%|
|Credit Card Fraud Investigator||139,000 SEK||+74%|
|Credit Portfolio Manager||200,000 SEK||+150%|
|Credit Risk Analyst||158,000 SEK||+98%|
|Credit Risk Associate||135,000 SEK||+69%|
|Direct Bank Sales Representative||127,000 SEK||+59%|
|Financial Bank Planning Consultant||148,000 SEK||+86%|
|Financial Banking Analysis Manager||172,000 SEK||+120%|
|Financial Banking Assistant||106,000 SEK||+33%|
|Financial Banking Systems Manager||152,000 SEK||+91%|
|Foreign Exchange Manager||160,000 SEK||+100%|
|Fraud Analyst||141,000 SEK||+77%|
|Fraud Detection Associate||133,000 SEK||+67%|
|Fraud Detection Manager||171,000 SEK||+110%|
|Fraud Detection Supervisor||136,000 SEK||+71%|
|Internal Bank Audit Manager||176,000 SEK||+120%|
|Internal Bank Auditor||130,000 SEK||+63%|
|International Banking Manager||224,000 SEK||+180%|
|Loan Analyst||127,000 SEK||+59%|
|Loan Area Manager||142,000 SEK||+78%|
|Loan Audit Team Leader||144,000 SEK||+81%|
|Loan Branch Manager||144,000 SEK||+81%|
|Loan Business Development Officer||124,000 SEK||+56%|
|Loan Clerk||93,600 SEK||+17%|
|Loan Collection Manager||147,000 SEK||+84%|
|Loan Collector||82,400 SEK||+3%|
|Loan Examiner||105,000 SEK||+32%|
|Loan Processing Manager||130,000 SEK||+63%|
|Loan Processor||122,000 SEK||+53%|
|Loan Quality Assurance Auditor||127,000 SEK||+59%|
|Loan Quality Assurance Manager||143,000 SEK||+79%|
|Loan Quality Assurance Representative||115,000 SEK||+44%|
|Loan Review Manager||131,000 SEK||+64%|
|Loan Team Leader||132,000 SEK||+66%|
|Mortgage Advisor||127,000 SEK||+59%|
|Mortgage Collection Manager||144,000 SEK||+81%|
|Mortgage Collector||99,100 SEK||+24%|
|Mortgage Credit Analyst||115,000 SEK||+44%|
|Mortgage Credit Manager||132,000 SEK||+66%|
|Mortgage Development Manager||164,000 SEK||+110%|
|Mortgage Document Reviewer||95,700 SEK||+20%|
|Mortgage Funding Manager||154,000 SEK||+93%|
|Mortgage Operations Manager||177,000 SEK||+120%|
|Mortgage Payment Processing Clerk||92,900 SEK||+17%|
|Mortgage Processing Manager||141,000 SEK||+77%|
|Mortgage Processor||101,000 SEK||+27%|
|Mortgage Quality Assurance Auditor||134,000 SEK||+68%|
|Mortgage Quality Assurance Manager||141,000 SEK||+77%|
|Mortgage Servicing Clerk||80,000 SEK||+0%|
|Mortgage Servicing Manager||141,000 SEK||+77%|
|Mortgage Underwriter||98,500 SEK||+24%|
|Online Banking Manager||189,000 SEK||+140%|
|Payment Processing Clerk||92,800 SEK||+16%|
|Personal Banker||134,000 SEK||+68%|
|Personal Banking Advisor||136,000 SEK||+71%|
|Phone Banker||112,000 SEK||+41%|
|Private Banker||135,000 SEK||+69%|
|Reconciliation and Investigation Specialist||127,000 SEK||+59%|
|Trade Officer||95,900 SEK||+20%|
|Trade Product Manager||143,000 SEK||+79%|
|Treasury Operations Officer||119,000 SEK||+49%|