Compare Your Salary
Average Salaries
Best Paying Jobs
Salary Increase Letter
Career Articles
Cost of Living Calculator

Chief Financial Officer Average Salary in Sweden 2020

How much money does a Chief Financial Officer make in Sweden?

Average Monthly Salary
236,000 SEK
( 2,830,000 SEK yearly)


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 Salary Distribution in Sweden

Median and salary distribution monthly Sweden Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/executive-and-management/chief-financial-officer/median-and-salary-distribution-monthly-sweden-chief-financial-officer.jpg

The median, the maximum, the minimum, and the range

  • Salary Range

    Chief Financial Officer salaries in Sweden range from 125,000 SEK per month (minimum salary) to 359,000 SEK per month (maximum salary).

  • Median 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.

  • Percentiles

    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.

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

Chief Financial Officer Salary Comparison by Years of Experience

How does experience and age affect your pay?

Salary comparison by years of experience monthly Sweden Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/executive-and-management/chief-financial-officer/salary-comparison-by-years-of-experience-monthly-sweden-chief-financial-officer.jpg

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.

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, 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.

Chief Financial Officer average salary change by experience in Sweden

0 - 2 Years
144,000 SEK
2 - 5 Years+23%
177,000 SEK
5 - 10 Years+42%
250,000 SEK
10 - 15 Years+17%
292,000 SEK
15 - 20 Years+10%
321,000 SEK
20+ Years+6%
340,000 SEK
Percentage increase and decrease are relative to the previous value

Typical Salary Progress for Most Careers

Salary Comparison By Experience Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-by-experience.jpg

Chief Financial Officer Salary Comparison By Education

How do education levels affect salaries?

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

Salary comparison by education level monthly Sweden Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/executive-and-management/chief-financial-officer/salary-comparison-by-education-level-monthly-sweden-chief-financial-officer.jpg

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.

Chief Financial Officer average salary difference by education level in Sweden

High School
174,000 SEK
Certificate or Diploma+13%
198,000 SEK
Bachelor's Degree+31%
258,000 SEK
Master's Degree+32%
340,000 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 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.

Typical Salary Difference by Education for Most Careers

Salary Comparison By Education Level
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-comparison-by-education.jpg

Chief Financial Officer Salary Comparison By Gender

Salary comparison by gender monthly Sweden Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/executive-and-management/chief-financial-officer/salary-comparison-by-gender-monthly-sweden-chief-financial-officer.jpg

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.

230,000 SEK
242,000 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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/salary-comparison-by-gender-monthly-sweden.jpg

Chief Financial Officer Average Annual Salary Increment Percentage in Sweden

How much are annual salary increments in Sweden for Chief Financial Officer(s)? How often do employees get salary raises?

Chief Financial Officer

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.

Annual Salary Increment Rate Sweden Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/executive-and-management/chief-financial-officer/annual-salary-increment-rate-sweden-chief-financial-officer.jpg

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/annual-salary-increment-rate-sweden.jpg

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

Information Technology

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

Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/images/salary-increment-world.jpg

Chief Financial Officer Bonus and Incentive Rates in Sweden

How much and how often are bonuses being awarded?Annual Salary Bonus Rate Sweden Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/executive-and-management/chief-financial-officer/annual-salary-bonus-rate-sweden-chief-financial-officer.jpg

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.

Received Bonus
No Bonus

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.

A graphics designer working for a graphics designing company.

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
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/public-vs-private-sector-salaries-monthly-sweden.jpg

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.

Private Sector
114,000 SEK
Public Sector+5%
120,000 SEK
Percentage increase and decrease are relative to the previous value

Chief Financial Officer Salary Trend and Forecast in Sweden

How are Chief Financial Officer salaries changing over time? Listed below is a chart that shows the average salary in recent years.

Salary trends and forecast monthly Sweden Chief Financial Officer
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/executive-and-management/chief-financial-officer/salary-trends-and-forecast-monthly-sweden-chief-financial-officer.jpg
Average Salary 2016
213,000 SEK
Average Salary 2017+4%
221,000 SEK
Average Salary 2018+2%
225,000 SEK
Average Salary 2019+2%
230,000 SEK
Percentage increase and decrease are relative to the previous value

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.

Chief Financial Officer Average Hourly Wage in Sweden

1,360 SEK per hour

The average hourly wage (pay per hour) in Sweden is 1,360 SEK. This means that the average Chief Financial Officer in Sweden earns approximately 1,360 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.

Chief Financial Officer VS Other Jobs

Salary Comparison Between Chief Financial Officer and Executive and Management monthly Sweden
Share This Chart
        Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/executive-and-management/chief-financial-officer/salary-comparison-between-chief-financial-officer-and-executive-and-management-monthly-sweden.jpg

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.

Salary comparison with similar jobs

Job TitleAverage Salary
Account Coordinator107,000 SEK-55%
Administration Manager136,000 SEK-42%
Area Manager124,000 SEK-47%
Asset Protection Associate149,000 SEK-37%
Assistant Director137,000 SEK-42%
Assistant Manager154,000 SEK-35%
Assistant Operations Manager158,000 SEK-33%
Assistant Project Manager145,000 SEK-39%
Assistant Section Head122,000 SEK-48%
Assistant to CEO132,000 SEK-44%
Assistant Vice President147,000 SEK-38%
Associate Director146,000 SEK-38%
Bid Manager166,000 SEK-30%
Branch Manager158,000 SEK-33%
Business Development Manager174,000 SEK-26%
Business Operations Associate147,000 SEK-38%
Business Operations Lead139,000 SEK-41%
Campaign Manager149,000 SEK-37%
Chairman of The Board270,000 SEK+14%
Chairman Office Manager179,000 SEK-24%
Chief Corporate Officer221,000 SEK-6%
Chief Executive Officer278,000 SEK+18%
Chief Financial Officer236,000 SEK-0%
Chief of Staff129,000 SEK-45%
Chief Operating Officer198,000 SEK-16%
Chief Risk Officer167,000 SEK-29%
Client Services Manager179,000 SEK-24%
Commercial Project Manager149,000 SEK-37%
Commodity Broker112,000 SEK-53%
Corporate Affairs Executive159,000 SEK-33%
Corporate Compliance Director184,000 SEK-22%
Corporate Director177,000 SEK-25%
Corporate Officer121,000 SEK-49%
Corporate Partnerships Officer131,000 SEK-45%
Country Manager216,000 SEK-9%
Deputy Director184,000 SEK-22%
Director215,000 SEK-9%
Director of Accreditation174,000 SEK-26%
Director of Catering Services158,000 SEK-33%
Director of Client Services181,000 SEK-23%
Director of Facilities Management146,000 SEK-38%
Director of Operations183,000 SEK-22%
Director of Process Simplification142,000 SEK-40%
Director of Project Management179,000 SEK-24%
Director of Revenue Management171,000 SEK-28%
Director of Training and Development175,000 SEK-26%
Distribution Manager188,000 SEK-20%
Division Manager162,000 SEK-31%
Duty Manager147,000 SEK-38%
Engagement Manager193,000 SEK-18%
Executive Director273,000 SEK+16%
Executive Manager217,000 SEK-8%
Franchise Manager231,000 SEK-2%
General Manager218,000 SEK-8%
Global Master Data Manager190,000 SEK-20%
Head of Middle Office168,000 SEK-29%
Head of Projects172,000 SEK-27%
Head of Sustainability150,000 SEK-36%
Housing Manager149,000 SEK-37%
HSE Manager148,000 SEK-37%
Key Account Manager150,000 SEK-36%
Knowledge Manager180,000 SEK-24%
Location Manager173,000 SEK-27%
Logistics Manager135,000 SEK-43%
Management Consultant149,000 SEK-37%
Management Executive195,000 SEK-17%
Manager177,000 SEK-25%
Managing Director207,000 SEK-12%
MIS Executive177,000 SEK-25%
Ocean Services Manager196,000 SEK-17%
Operations Assistant134,000 SEK-43%
Operations Director205,000 SEK-13%
Operations Executive202,000 SEK-14%
Operations Manager199,000 SEK-16%
Operations Supervisor173,000 SEK-27%
Policy Administration Executive148,000 SEK-37%
Private Sector Executive160,000 SEK-32%
Product Development Manager186,000 SEK-21%
Product Executive156,000 SEK-34%
Production Executive177,000 SEK-25%
Production Manager184,000 SEK-22%
Production Supervisor154,000 SEK-35%
Program Manager193,000 SEK-18%
Programme Coordinator131,000 SEK-45%
Project Control Manager179,000 SEK-24%
Project Coordinator116,000 SEK-51%
Project Management Officer132,000 SEK-44%
Project Manager133,000 SEK-44%
Project Portfolio Manager151,000 SEK-36%
Quality Manager144,000 SEK-39%
R/D Director160,000 SEK-32%
Regional Director248,000 SEK+5%
Regional Manager180,000 SEK-24%
Relationship Manager180,000 SEK-24%
Retail District Manager121,000 SEK-49%
Revenue Manager140,000 SEK-41%
Risk and Capital Manager210,000 SEK-11%
Risk Officer142,000 SEK-40%
Safety Manager134,000 SEK-43%
Section Head140,000 SEK-41%
Service Manager143,000 SEK-39%
Shift Supervisor107,000 SEK-55%
Solutions Manager133,000 SEK-44%
Supervisor113,000 SEK-52%
Supply Chain Manager195,000 SEK-17%
Surveyor123,000 SEK-48%
Technical Manager168,000 SEK-29%
Territory Manager174,000 SEK-26%
Validation Manager157,000 SEK-34%
Vice President224,000 SEK-5%
Zone Manager195,000 SEK-17%

Salary Comparison By City

CityAverage Salary
Goteborg240,000 SEK
Malmo229,000 SEK
Stockholm274,000 SEK
0 - 0

Cost of Living Calculator

Salary Calculator

Salary Increase Letters

Cost of Living Comparison

Career Articles

Best Paying Jobs
HomePrivacy PolicySalary Comparison

©Salary Explorer 2018