A person working as an Accountant in Sweden typically earns around 83,600 SEK per month. Salaries range from 40,100 SEK (lowest) to 131,000 SEK (highest).
This is the average monthly salary including housing, transport, and other benefits. Accountant salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Accountant salaries in Sweden range from 40,100 SEK per month (minimum salary) to 131,000 SEK per month (maximum salary).
The median salary is 86,900 SEK per month, which means that half (50%) of people working as Accountant(s) are earning less than 86,900 SEK while the other half are earning more than 86,900 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 Accountant(s) are earning less than 57,200 SEK while 75% of them are earning more than 57,200 SEK. Also from the diagram, 75% of Accountant(s) are earning less than 113,000 SEK while 25% are earning more than 113,000 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 Accountant salaries by experience level and this is what we found.
An Accountant with less than two years of experience makes approximately 47,000 SEK per month.
While someone with an experience level between two and five years is expected to earn 66,500 SEK per month, 42% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 87,500 SEK per month, 31% more than someone with two to five years of experience.
Additionally, Accountant(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 108,000 SEK per month, 23% 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 114,000 SEK per month, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 125,000 SEK per month, 10% more than people with fifteen to twenty years of experience.
|0 - 2 Years|
|2 - 5 Years||+42%|
|5 - 10 Years||+31%|
|10 - 15 Years||+23%|
|15 - 20 Years||+6%|
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 Accountant salaries by education level in order to make a comparison.
When the education level is High School, the average salary of an Accountant is 58,300 SEK per month.
While someone with a Certificate or Diploma gets a salary of 67,500 SEK per month, 16% more than someone having a High School degree.
A Bachelor's Degree gets its holder an average salary of 98,400 SEK per month, 46% more than someone with a Certificate or Diploma.
Professionals who hold a Master's Degree are rewarded with an average salary of 121,000 SEK per month, 23% more than someone with Bachelor's Degree.
|Certificate or Diploma||+16%|
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 Accountant employees in Sweden earn 5% more than their female counterparts.
Accountant(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.
An Accountant is considered to be a moderate 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.
41% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while 59% said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from 3% to 6% 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 Accountant employees in Sweden earn 5% more than their private sector counterparts.
|Average Salary 2016|
|Average Salary 2017||+4%|
|Average Salary 2018||+3%|
|Average Salary 2019||+3%|
Accountant 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 3% 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 Accountant is 26% less than that of Accounting and Finance. Also, Accounting and Finance salaries are 3% less than those of All Jobs.
|Job Title||Average Salary|
|Account Examiner||76,300 SEK||-9%|
|Account Executive||109,000 SEK||+30%|
|Accounting Assistant||81,200 SEK||-3%|
|Accounting Associate||79,700 SEK||-5%|
|Accounting Clerk||59,900 SEK||-28%|
|Accounting Coordinator||68,500 SEK||-18%|
|Accounting Manager||151,000 SEK||+81%|
|Accounting Supervisor||113,000 SEK||+35%|
|Accounting Technician||70,800 SEK||-15%|
|Accounts Executive||105,000 SEK||+26%|
|Accounts Payable and Receivable Specialist||92,600 SEK||+11%|
|Accounts Payable Clerk||59,500 SEK||-29%|
|Accounts Payable Manager||122,000 SEK||+46%|
|Accounts Receivable Clerk||65,100 SEK||-22%|
|Accounts Receivable Manager||131,000 SEK||+57%|
|Assistant Accounting Manager||105,000 SEK||+26%|
|Assistant Auditor||86,000 SEK||+3%|
|Audit Supervisor||164,000 SEK||+96%|
|Auditing Clerk||82,700 SEK||-1%|
|Auditing Manager||161,000 SEK||+93%|
|Billing Coordinator||94,600 SEK||+13%|
|Billing Specialist||91,400 SEK||+9%|
|Billing Supervisor||114,000 SEK||+36%|
|Bookkeeping Specialist||81,000 SEK||-3%|
|Budget Analyst||99,600 SEK||+19%|
|Budget Manager||147,000 SEK||+76%|
|Business Support Analyst||105,000 SEK||+26%|
|Capital Markets Associate||126,000 SEK||+51%|
|Cash Flow Analyst||125,000 SEK||+50%|
|Cash Management Officer||108,000 SEK||+29%|
|Cashbook Clerk||73,100 SEK||-13%|
|Chartered Accountant||100,000 SEK||+20%|
|Collections Clerk||60,200 SEK||-28%|
|Collections Specialist||80,400 SEK||-4%|
|Corporate Treasurer||212,000 SEK||+150%|
|Cost Accountant||98,500 SEK||+18%|
|Cost Accounting Manager||130,000 SEK||+56%|
|Cost Analyst||123,000 SEK||+47%|
|Credit and Collection Manager||142,000 SEK||+70%|
|Credit and Collection Staff||66,600 SEK||-20%|
|Credit and Loans Officer||70,100 SEK||-16%|
|Credit Controller||116,000 SEK||+39%|
|Debt Adviser||148,000 SEK||+77%|
|Debt Collector||105,000 SEK||+26%|
|Debtors Clerk||85,300 SEK||+2%|
|Deputy CFO||217,000 SEK||+160%|
|Derivative Trader||167,000 SEK||+100%|
|Escrow Assistant||91,800 SEK||+10%|
|External Auditor||120,000 SEK||+44%|
|Finance Associate||88,100 SEK||+5%|
|Finance Executive||192,000 SEK||+130%|
|Finance Licensing Clerk||77,100 SEK||-8%|
|Finance Licensing Manager||124,000 SEK||+48%|
|Finance Licensing Specialist||98,800 SEK||+18%|
|Finance Officer||140,000 SEK||+67%|
|Finance President||242,000 SEK||+190%|
|Finance Relationship Manager||162,000 SEK||+94%|
|Finance Release Analyst||112,000 SEK||+34%|
|Finance Team Leader||132,000 SEK||+58%|
|Financial Actuary||122,000 SEK||+46%|
|Financial Administrator||101,000 SEK||+21%|
|Financial Analyst||120,000 SEK||+44%|
|Financial Applications Specialist||83,500 SEK||-0%|
|Financial Assistant||76,400 SEK||-9%|
|Financial Associate||86,100 SEK||+3%|
|Financial Claims Analyst||110,000 SEK||+32%|
|Financial Claims Manager||125,000 SEK||+50%|
|Financial Commercial Analyst||107,000 SEK||+28%|
|Financial Compliance Analyst||126,000 SEK||+51%|
|Financial Consultant||109,000 SEK||+30%|
|Financial Controller||118,000 SEK||+41%|
|Financial Coordinator||103,000 SEK||+23%|
|Financial Customer Service Manager||136,000 SEK||+63%|
|Financial Dealer and Broker||102,000 SEK||+22%|
|Financial Encoder||69,000 SEK||-17%|
|Financial Manager||231,000 SEK||+180%|
|Financial Operations Manager||165,000 SEK||+97%|
|Financial Policy Analyst||117,000 SEK||+40%|
|Financial Project Manager||116,000 SEK||+39%|
|Financial Quantitative Analyst||128,000 SEK||+53%|
|Financial Reporting Consultant||111,000 SEK||+33%|
|Financial Reporting Manager||143,000 SEK||+71%|
|Financial Services Sales Agent||108,000 SEK||+29%|
|Fixed Assets Administrator||92,300 SEK||+10%|
|Forensic Accountant||91,100 SEK||+9%|
|Fraud Detection Supervisor||107,000 SEK||+28%|
|Fraud Prevention Manager||165,000 SEK||+97%|
|Fund Accountant||85,500 SEK||+2%|
|Grants Coordinator||75,300 SEK||-10%|
|Internal Auditor||122,000 SEK||+46%|
|Internal Control Adviser||120,000 SEK||+44%|
|Internal Control Officer||102,000 SEK||+22%|
|Inventory Accountant||194,000 SEK||+130%|
|Investment Analyst||153,000 SEK||+83%|
|Investment Fund Manager||166,000 SEK||+99%|
|Investment Underwriter||75,200 SEK||-10%|
|Investor Relations Manager||150,000 SEK||+79%|
|KYC Team Leader||148,000 SEK||+77%|
|Management Economist||134,000 SEK||+60%|
|Payroll Clerk||68,000 SEK||-19%|
|Payroll Manager||117,000 SEK||+40%|
|Pensions Administrator||93,000 SEK||+11%|
|Pricing Analyst||127,000 SEK||+52%|
|Private Equity Analyst||130,000 SEK||+56%|
|Proposal Development Coordinator||91,500 SEK||+9%|
|Receivables Accountant||81,700 SEK||-2%|
|Regulatory Accountant||89,900 SEK||+8%|
|Retirement Plan Analyst||117,000 SEK||+40%|
|Revenue Management Specialist||99,400 SEK||+19%|
|Revenue Recognition Analyst||153,000 SEK||+83%|
|Risk Management Director||191,000 SEK||+130%|
|Risk Management Supervisor||148,000 SEK||+77%|
|Tax Accountant||85,800 SEK||+3%|
|Tax Advisor||113,000 SEK||+35%|
|Tax Associate||92,600 SEK||+11%|
|Tax Manager||179,000 SEK||+110%|
|Treasury Accountant||91,200 SEK||+9%|
|Treasury Analyst||125,000 SEK||+50%|
|Underwriting Assistant||66,400 SEK||-21%|
|Vice President of Finance||165,000 SEK||+97%|