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Broker Average Salary in Sweden 2024

How much money does a person working as Broker make in Sweden?


Average Monthly Salary
49,100 SEK
( 590,000 SEK yearly)

LOW
26,000
SEK
AVERAGE
49,100
SEK
HIGH
74,700
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 Broker in Sweden typically earns around 49,100 SEK. Salaries range from 26,000 SEK (lowest) to 74,700 SEK (highest).


Salary Variance

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



Broker Pay Scale and Salaries in Sweden

Median and salary distribution Sweden Broker monthly
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Salary Structure and Pay Scale Comparison

5% of people earn
44,100 SEK or more
10% of people earn
39,400 to 44,100 SEK
20% of people earn
29,000 SEK or less
65% of people earn
29,000 to 39,400 SEK
Minimum Salary
26,000 SEK
Median
44,300 SEK
Maximum
74,700 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 Broker in Sweden range from 26,000 SEK (starting salary) to 74,700 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 44,300 SEK, half of the professionals who work as Broker 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 Broker in Sweden earn less than 36,900 SEK, while 75% earn more. Similarly, the chart shows that 75% earn less than 50,100 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 Broker in Sweden compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 29,000 SEK to 39,400 SEK. About 20% of salaries are below the 29,000 SEK mark, while 10% fall within the range of 39,400 SEK to 44,100 SEK. Only 5% of individuals have salaries exceeding 44,100 SEK.

Salary Comparison by Years of Experience / Broker / Sweden

How do experience and age affect pay?

0 - 2 Years
29,900 SEK
2 - 5 Years+23%
36,700 SEK
5 - 10 Years+42%
52,100 SEK
10 - 15 Years+17%
60,800 SEK
15 - 20 Years+10%
66,900 SEK
20+ Years+6%
70,800 SEK
Percentage increase and decrease are relative to the previous value
Salary comparison by years of experience monthly Sweden Broker
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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 Broker 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 29,900 SEK.

While someone with an experience level between two and five years is expected to earn 36,700 SEK, 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 52,100 SEK, 42% 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 60,800 SEK, 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 66,900 SEK, 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 70,800 SEK, 6% 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 / Broker / Sweden

How do education levels affect salaries?

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

Certificate or Diploma
36,700 SEK
Bachelor's Degree+29%
47,500 SEK
Master's Degree+43%
67,900 SEK
Percentage increase and decrease are relative to the previous value
Salary comparison by education level monthly Sweden Broker
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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 Broker in order to make a comparison.


Level 1: Certificate or Diploma

Employees at this education level have an average salary of 36,700 SEK.


Level 2: Bachelor's Degree

At this level, the average salary becomes 47,500 SEK, 29% more than the previous level.


Level 3: Master's Degree

At this level, the average salary becomes 67,900 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 / Broker / Sweden

Salary comparison by gender Sweden Broker 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 Broker in Sweden, the average difference between the salary of male and female employees is 5%.

Male
50,200 SEK
Female-5%
47,900 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 / Broker / Sweden

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

Individuals working as Broker in Sweden are likely to observe a salary increase of approximately 11% every 17 months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.

Annual Salary Increment Rate Sweden Broker
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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 / Broker / Sweden

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sweden Broker
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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.

Received Bonus
29%
No Bonus
71%

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 / Broker / Sweden


280 SEK per hour

The average hourly wage (pay per hour) for individuals working as Broker in Sweden is 280 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 Broker in Sweden is 150 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
Insurance-100%
Actuarial Analyst62,900 SEK+28%
Actuarial Assistant44,700 SEK-9%
Actuarial Specialist45,700 SEK-7%
Actuary65,800 SEK+34%
Adjustment Insurance Clerk17,300 SEK-65%
Assistant Broker29,900 SEK-39%
Assistant Claims Manager50,400 SEK+3%
Associate Insurance Representative24,200 SEK-51%
Auditing Insurance Manager69,900 SEK+42%
Blockchain Insurance Auditor43,400 SEK-12%
Broker49,100 SEK-0%
Claim Advocacy Professional45,800 SEK-7%
Claims Adjuster17,600 SEK-64%
Claims Analyst24,900 SEK-49%
Claims Examiner25,100 SEK-49%
Claims Manager68,800 SEK+40%
Claims Processor18,300 SEK-63%
Claims Representative21,600 SEK-56%
Claims Resolution Specialist49,600 SEK+1%
Claims Supervisor44,500 SEK-9%
Complaints Specialist43,700 SEK-11%
Compliance Examiner44,000 SEK-10%
Compliance Officer36,700 SEK-25%
Compliance Reviewer43,800 SEK-11%
Consultant46,300 SEK-6%
Drone Claims Adjuster20,200 SEK-59%
Eligibility Interviewer49,000 SEK-0%
Eligibility Specialist45,500 SEK-7%
Insurance Account Manager56,400 SEK+15%
Insurance Accounts Executive48,600 SEK-1%
Insurance Adjuster44,200 SEK-10%
Insurance Agent27,900 SEK-43%
Insurance Analyst44,700 SEK-9%
Insurance Appraiser46,800 SEK-5%
Insurance Claims Clerk17,500 SEK-64%
Insurance Compliance Officer50,600 SEK+3%
Insurance Data Scientist41,700 SEK-15%
Insurance Examiner43,600 SEK-11%
Insurance Fraud Investigator38,000 SEK-23%
Insurance Investigator45,100 SEK-8%
Insurance Manager79,800 SEK+62%
Insurance Operations Manager83,200 SEK+69%
Insurance Policy Processing Clerk18,000 SEK-63%
Insurance Pricing Assistant37,400 SEK-24%
Insurance Product Manager54,100 SEK+10%
Insurance Program Manager60,800 SEK+24%
Insurance Project Manager59,100 SEK+20%
Insurance Quality Assurance Agent42,000 SEK-15%
Insurance Sales Agent29,000 SEK-41%
Insurance Sales Director77,600 SEK+58%
Insurance Sales Manager58,900 SEK+20%
Insurance Sales Representative25,600 SEK-48%
Insurance Team Leader49,200 SEK+0%
Insurance Underwriter33,900 SEK-31%
Insurtech Analyst42,900 SEK-13%
Loss Control Specialist47,000 SEK-4%
Loss Prevention Investigator51,000 SEK+4%
Loss Prevention Manager65,200 SEK+33%
Loss Prevention Specialist48,100 SEK-2%
Marine Underwriter33,400 SEK-32%
Medical Auditor47,100 SEK-4%
Monitoring and Performance Officer32,400 SEK-34%
Parametric Insurance Specialist46,200 SEK-6%
Payment Services Specialist49,200 SEK+0%
Peer-to-Peer Insurance Manager59,400 SEK+21%
Policy Change Director72,000 SEK+47%
Policy Change Supervisor50,200 SEK+2%
Policy Change Technician22,700 SEK-54%
Risk Analyst53,300 SEK+8%
Risk Management Director93,300 SEK+90%
Risk Management Supervisor60,800 SEK+24%
Risk Manager91,300 SEK+86%
Risk Modeling Manager83,300 SEK+70%
Social Media Risk Analyst46,600 SEK-5%
Title Insurance Typist42,000 SEK-15%
Training Manager52,200 SEK+6%
Underwriting Assistant22,700 SEK-54%

Salary Comparison By City

CityAverage Salary
Stockholm49,900 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 Broker in Sweden?

A good and competitive compensation would range anywhere between 44,300 SEK and 50,100 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 Broker in Sweden ranges from 26,000 SEK to 36,900 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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