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Project Manager Average Salary in Sweden 2020

How much money does a Project Manager make in Sweden?


Average Monthly Salary
51,700 SEK
( 620,000 SEK yearly)

LOW
26,300
SEK
AVERAGE
51,700
SEK
HIGH
79,600
SEK

A person working as a Project Manager in Sweden typically earns around 51,700 SEK per month. Salaries range from 26,300 SEK (lowest) to 79,600 SEK (highest).

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

Project Manager Salary Distribution in Sweden

Median and salary distribution monthly Sweden Project Manager
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The median, the maximum, the minimum, and the range

  • Salary Range

    Project Manager salaries in Sweden range from 26,300 SEK per month (minimum salary) to 79,600 SEK per month (maximum salary).

  • Median Salary

    The median salary is 50,600 SEK per month, which means that half (50%) of people working as Project Manager(s) are earning less than 50,600 SEK while the other half are earning more than 50,600 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.

  • Percentiles

    Closely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Project Manager(s) are earning less than 34,600 SEK while 75% of them are earning more than 34,600 SEK. Also from the diagram, 75% of Project Manager(s) are earning less than 63,800 SEK while 25% are earning more than 63,800 SEK.


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

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

Project Manager Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Sweden Project Manager
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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 Project Manager salaries by experience level and this is what we found.

A Project Manager with less than two years of experience makes approximately 29,500 SEK per month.

While someone with an experience level between two and five years is expected to earn 38,600 SEK per month, 31% more than someone with less than two year's experience.

Moving forward, an experience level between five and ten years lands a salary of 54,000 SEK per month, 40% more than someone with two to five 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.

Additionally, Project Manager(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 64,900 SEK per month, 20% 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 70,500 SEK per month, 9% more than someone with ten to fifteen years of experience.

Lastly, employees with more than twenty years of professional experience get a salary of 76,100 SEK per month, 8% more than people with fifteen to twenty years of experience.


Project Manager average salary change by experience in Sweden

0 - 2 Years
29,500 SEK
2 - 5 Years+31%
38,600 SEK
5 - 10 Years+40%
54,000 SEK
10 - 15 Years+20%
64,900 SEK
15 - 20 Years+9%
70,500 SEK
20+ Years+8%
76,100 SEK
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
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Project Manager Salary Comparison By Education

How do education levels affect salaries?

Displayed below is the average salary difference between different Project Manager(s) who have the same experience but different education levels.

Salary comparison by education level monthly Sweden Project Manager
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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 Project Manager salaries by education level in order to make a comparison.

When the education level is High School, the average salary of a Project Manager is 35,400 SEK per month.

While someone with a Certificate or Diploma gets a salary of 40,700 SEK per month, 15% more than someone having a High School degree.

A Bachelor's Degree gets its holder an average salary of 57,200 SEK per month, 41% more than someone with a Certificate or Diploma.

Professionals who hold a Master's Degree are rewarded with an average salary of 73,700 SEK per month, 29% more than someone with Bachelor's Degree.


Project Manager average salary difference by education level in Sweden

High School
35,400 SEK
Certificate or Diploma+15%
40,700 SEK
Bachelor's Degree+41%
57,200 SEK
Master's Degree+29%
73,700 SEK
Percentage increase and decrease are relative to the previous value

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 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.


Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
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Project Manager Salary Comparison By Gender

Salary comparison by gender monthly Sweden Project Manager
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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? Male Project Manager employees in Sweden earn 5% more than their female counterparts on average.

Female
50,300 SEK
Male+5%
53,100 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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Project Manager Average Annual Salary Increment Percentage in Sweden

How much are annual salary increments in Sweden for Project Manager(s)? How often do employees get salary raises?

Project Manager

Project Manager(s) 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 Project Manager
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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

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.

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%.

Annual Increment Rate By Industry 2019

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

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.


Worldwide Salary Raises: All Countries and All Jobs

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Project Manager Bonus and Incentive Rates in Sweden

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sweden Project Manager
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A Project Manager is considered to be a high 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.

18% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 82% said that they received at least one form of monetary bonus.

Those who got bonuses reported rates ranging from 6% to 8% of their annual salary.

Received Bonus
82%
No Bonus
18%

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.

Government vs Private Sector Salary Comparison

Public vs private sector salaries monthly Sweden
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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.

Private Sector
44,100 SEK
Public Sector+5%
46,100 SEK
Percentage increase and decrease are relative to the previous value

Project Manager Average Hourly Wage in Sweden


300 SEK per hour

The average hourly wage (pay per hour) in Sweden is 300 SEK. This means that the average Project Manager in Sweden earns approximately 300 SEK for every worked hour.


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

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.

Project Manager VS Other Jobs

Salary Comparison Between Project Manager and Executive and Management monthly Sweden
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The average salary for Project Manager is 16% less than that of Executive and Management. Also, Executive and Management salaries are 36% more than those of All Jobs.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator41,600 SEK-19%
Administration Manager52,900 SEK+2%
Area Manager48,300 SEK-7%
Asset Protection Associate58,000 SEK+12%
Assistant Director53,400 SEK+3%
Assistant Manager59,900 SEK+16%
Assistant Operations Manager61,500 SEK+19%
Assistant Project Manager56,400 SEK+9%
Assistant Section Head47,600 SEK-8%
Assistant to CEO51,400 SEK-1%
Assistant Vice President57,200 SEK+11%
Associate Director56,600 SEK+10%
Bid Manager64,500 SEK+25%
Branch Manager61,400 SEK+19%
Business Development Manager67,600 SEK+31%
Business Operations Associate57,300 SEK+11%
Business Operations Lead54,000 SEK+5%
Campaign Manager58,100 SEK+12%
Chairman of The Board105,000 SEK+100%
Chairman Office Manager69,500 SEK+35%
Chief Corporate Officer86,000 SEK+66%
Chief Executive Officer108,000 SEK+110%
Chief Financial Officer92,200 SEK+78%
Chief of Staff50,000 SEK-3%
Chief Operating Officer81,900 SEK+59%
Chief Risk Officer65,100 SEK+26%
Client Services Manager69,500 SEK+35%
Commercial Project Manager58,000 SEK+12%
Commodity Broker43,600 SEK-16%
Corporate Affairs Executive61,900 SEK+20%
Corporate Compliance Director71,600 SEK+39%
Corporate Director68,700 SEK+33%
Corporate Officer46,900 SEK-9%
Corporate Partnerships Officer50,800 SEK-2%
Country Manager83,900 SEK+62%
Deputy Director71,600 SEK+39%
Director83,700 SEK+62%
Director of Accreditation67,800 SEK+31%
Director of Catering Services61,500 SEK+19%
Director of Client Services70,300 SEK+36%
Director of Facilities Management56,800 SEK+10%
Director of Operations71,200 SEK+38%
Director of Process Simplification55,300 SEK+7%
Director of Project Management69,600 SEK+35%
Director of Revenue Management66,500 SEK+29%
Director of Training and Development67,900 SEK+31%
Distribution Manager73,300 SEK+42%
Division Manager62,800 SEK+22%
Duty Manager57,200 SEK+11%
Engagement Manager74,900 SEK+45%
Executive Director106,000 SEK+110%
Executive Manager84,600 SEK+64%
Franchise Manager89,600 SEK+73%
General Manager84,900 SEK+64%
Global Master Data Manager73,800 SEK+43%
Head of Middle Office65,300 SEK+26%
Head of Projects66,800 SEK+29%
Head of Sustainability58,300 SEK+13%
Housing Manager57,900 SEK+12%
HSE Manager57,500 SEK+11%
Key Account Manager58,200 SEK+13%
Knowledge Manager70,100 SEK+36%
Location Manager67,200 SEK+30%
Logistics Manager52,700 SEK+2%
Management Consultant58,100 SEK+12%
Management Executive75,900 SEK+47%
Manager68,700 SEK+33%
Managing Director80,400 SEK+56%
MIS Executive68,800 SEK+33%
Ocean Services Manager76,300 SEK+48%
Operations Assistant52,100 SEK+1%
Operations Director79,900 SEK+55%
Operations Executive78,500 SEK+52%
Operations Manager77,400 SEK+50%
Operations Supervisor67,500 SEK+31%
Policy Administration Executive57,400 SEK+11%
Private Sector Executive62,100 SEK+20%
Product Development Manager72,500 SEK+40%
Product Executive60,600 SEK+17%
Production Executive68,800 SEK+33%
Production Manager71,500 SEK+38%
Production Supervisor59,900 SEK+16%
Program Manager75,200 SEK+46%
Programme Coordinator50,900 SEK-1%
Project Control Manager69,600 SEK+35%
Project Coordinator45,300 SEK-12%
Project Management Officer51,500 SEK-0%
Project Manager51,700 SEK+0%
Project Portfolio Manager58,600 SEK+13%
Quality Manager56,200 SEK+9%
R/D Director62,200 SEK+20%
Regional Director96,400 SEK+87%
Regional Manager70,000 SEK+36%
Relationship Manager70,200 SEK+36%
Retail District Manager47,200 SEK-9%
Revenue Manager54,500 SEK+5%
Risk and Capital Manager81,600 SEK+58%
Risk Officer55,000 SEK+6%
Safety Manager52,000 SEK+1%
Section Head54,400 SEK+5%
Service Manager55,700 SEK+8%
Shift Supervisor41,800 SEK-19%
Solutions Manager51,800 SEK+0%
Supervisor44,000 SEK-15%
Supply Chain Manager75,700 SEK+47%
Surveyor47,900 SEK-7%
Technical Manager65,300 SEK+26%
Territory Manager67,700 SEK+31%
Validation Manager60,900 SEK+18%
Vice President87,000 SEK+68%
Zone Manager75,700 SEK+47%

Salary Comparison By City

CityAverage Salary
Goteborg53,100 SEK
Malmo49,100 SEK
Stockholm56,400 SEK
59000 - 6

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