A person working as a Chief Financial Officer in Sweden typically earns around 236,000 SEK per month. Salaries range from 125,000 SEK (lowest) to 359,000 SEK (highest).
This is the average monthly salary including housing, transport, and other benefits. Chief Financial Officer salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Chief Financial Officer salaries in Sweden range from 125,000 SEK per month (minimum salary) to 359,000 SEK per month (maximum salary).
The median salary is 222,000 SEK per month, which means that half (50%) of people working as Chief Financial Officer(s) are earning less than 222,000 SEK while the other half are earning more than 222,000 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 Chief Financial Officer(s) are earning less than 156,000 SEK while 75% of them are earning more than 156,000 SEK. Also from the diagram, 75% of Chief Financial Officer(s) are earning less than 273,000 SEK while 25% are earning more than 273,000 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 Chief Financial Officer salaries by experience level and this is what we found.
A Chief Financial Officer with less than two years of experience makes approximately 144,000 SEK per month.
While someone with an experience level between two and five years is expected to earn 177,000 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 250,000 SEK per month, 42% more than someone with two to five years of experience.
Additionally, Chief Financial Officer(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 292,000 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 321,000 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 340,000 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 Chief Financial Officer salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Chief Financial Officer is 174,000 SEK per month.
While someone with a Certificate or Diploma gets a salary of 198,000 SEK per month, 13% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 258,000 SEK per month, 31% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 340,000 SEK per month, 32% more than someone with Bachelor's Degree.
|Certificate or Diploma||+13%|
A Master's degree program or any post-graduate program in Sweden costs anywhere from 585,000 Swedish Krona(s) to 1,750,000 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.
Though gender should not have an effect on pay, in reality, it does. So who gets paid more: men or women? Male Chief Financial Officer employees in Sweden earn 5% more than their female counterparts.
Chief Financial Officer(s) in Sweden are likely to observe a salary increase of approximately 14% every 16 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 Chief Financial Officer 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.
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 Chief Financial Officer 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%|
Chief Financial Officer 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 Chief Financial Officer is 49% more than that of Executive and Management. Also, Executive and Management salaries are 36% more than those of All Jobs.
|Job Title||Average Salary|
|Account Coordinator||107,000 SEK||-55%|
|Administration Manager||136,000 SEK||-42%|
|Area Manager||124,000 SEK||-47%|
|Asset Protection Associate||149,000 SEK||-37%|
|Assistant Director||137,000 SEK||-42%|
|Assistant Manager||154,000 SEK||-35%|
|Assistant Operations Manager||158,000 SEK||-33%|
|Assistant Project Manager||145,000 SEK||-39%|
|Assistant Section Head||122,000 SEK||-48%|
|Assistant to CEO||132,000 SEK||-44%|
|Assistant Vice President||147,000 SEK||-38%|
|Associate Director||146,000 SEK||-38%|
|Bid Manager||166,000 SEK||-30%|
|Branch Manager||158,000 SEK||-33%|
|Business Development Manager||174,000 SEK||-26%|
|Business Operations Associate||147,000 SEK||-38%|
|Business Operations Lead||139,000 SEK||-41%|
|Campaign Manager||149,000 SEK||-37%|
|Chairman of The Board||270,000 SEK||+14%|
|Chairman Office Manager||179,000 SEK||-24%|
|Chief Corporate Officer||221,000 SEK||-6%|
|Chief Executive Officer||278,000 SEK||+18%|
|Chief Financial Officer||236,000 SEK||-0%|
|Chief of Staff||129,000 SEK||-45%|
|Chief Operating Officer||198,000 SEK||-16%|
|Chief Risk Officer||167,000 SEK||-29%|
|Client Services Manager||179,000 SEK||-24%|
|Commercial Project Manager||149,000 SEK||-37%|
|Commodity Broker||112,000 SEK||-53%|
|Corporate Affairs Executive||159,000 SEK||-33%|
|Corporate Compliance Director||184,000 SEK||-22%|
|Corporate Director||177,000 SEK||-25%|
|Corporate Officer||121,000 SEK||-49%|
|Corporate Partnerships Officer||131,000 SEK||-45%|
|Country Manager||216,000 SEK||-9%|
|Deputy Director||184,000 SEK||-22%|
|Director of Accreditation||174,000 SEK||-26%|
|Director of Catering Services||158,000 SEK||-33%|
|Director of Client Services||181,000 SEK||-23%|
|Director of Facilities Management||146,000 SEK||-38%|
|Director of Operations||183,000 SEK||-22%|
|Director of Process Simplification||142,000 SEK||-40%|
|Director of Project Management||179,000 SEK||-24%|
|Director of Revenue Management||171,000 SEK||-28%|
|Director of Training and Development||175,000 SEK||-26%|
|Distribution Manager||188,000 SEK||-20%|
|Division Manager||162,000 SEK||-31%|
|Duty Manager||147,000 SEK||-38%|
|Engagement Manager||193,000 SEK||-18%|
|Executive Director||273,000 SEK||+16%|
|Executive Manager||217,000 SEK||-8%|
|Franchise Manager||231,000 SEK||-2%|
|General Manager||218,000 SEK||-8%|
|Global Master Data Manager||190,000 SEK||-20%|
|Head of Middle Office||168,000 SEK||-29%|
|Head of Projects||172,000 SEK||-27%|
|Head of Sustainability||150,000 SEK||-36%|
|Housing Manager||149,000 SEK||-37%|
|HSE Manager||148,000 SEK||-37%|
|Key Account Manager||150,000 SEK||-36%|
|Knowledge Manager||180,000 SEK||-24%|
|Location Manager||173,000 SEK||-27%|
|Logistics Manager||135,000 SEK||-43%|
|Management Consultant||149,000 SEK||-37%|
|Management Executive||195,000 SEK||-17%|
|Managing Director||207,000 SEK||-12%|
|MIS Executive||177,000 SEK||-25%|
|Ocean Services Manager||196,000 SEK||-17%|
|Operations Assistant||134,000 SEK||-43%|
|Operations Director||205,000 SEK||-13%|
|Operations Executive||202,000 SEK||-14%|
|Operations Manager||199,000 SEK||-16%|
|Operations Supervisor||173,000 SEK||-27%|
|Policy Administration Executive||148,000 SEK||-37%|
|Private Sector Executive||160,000 SEK||-32%|
|Product Development Manager||186,000 SEK||-21%|
|Product Executive||156,000 SEK||-34%|
|Production Executive||177,000 SEK||-25%|
|Production Manager||184,000 SEK||-22%|
|Production Supervisor||154,000 SEK||-35%|
|Program Manager||193,000 SEK||-18%|
|Programme Coordinator||131,000 SEK||-45%|
|Project Control Manager||179,000 SEK||-24%|
|Project Coordinator||116,000 SEK||-51%|
|Project Management Officer||132,000 SEK||-44%|
|Project Manager||133,000 SEK||-44%|
|Project Portfolio Manager||151,000 SEK||-36%|
|Quality Manager||144,000 SEK||-39%|
|R/D Director||160,000 SEK||-32%|
|Regional Director||248,000 SEK||+5%|
|Regional Manager||180,000 SEK||-24%|
|Relationship Manager||180,000 SEK||-24%|
|Retail District Manager||121,000 SEK||-49%|
|Revenue Manager||140,000 SEK||-41%|
|Risk and Capital Manager||210,000 SEK||-11%|
|Risk Officer||142,000 SEK||-40%|
|Safety Manager||134,000 SEK||-43%|
|Section Head||140,000 SEK||-41%|
|Service Manager||143,000 SEK||-39%|
|Shift Supervisor||107,000 SEK||-55%|
|Solutions Manager||133,000 SEK||-44%|
|Supply Chain Manager||195,000 SEK||-17%|
|Technical Manager||168,000 SEK||-29%|
|Territory Manager||174,000 SEK||-26%|
|Validation Manager||157,000 SEK||-34%|
|Vice President||224,000 SEK||-5%|
|Zone Manager||195,000 SEK||-17%|