Bank Operations Specialist Average Salary in Stockholm 2024
How much money does a person working as Bank Operations Specialist make in Stockholm?
LOW
33,700
SEK AVERAGE
68,700
SEK HIGH
107,000
SEK
A person working as Bank Operations Specialist in Stockholm typically earns around 68,700 SEK. Salaries range from 33,700 SEK (lowest) to 107,000 SEK (highest).
Salary Variance
This is the average salary including housing, transport, and other benefits. Bank Operations Specialist salaries in Stockholm vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Bank Operations Specialist Pay Scale and Salaries in Stockholm
Salary Structure and Pay Scale Comparison
63,700 SEK or more
56,300 to 63,700 SEK
40,000 SEK or less
40,000 to 56,300 SEK
 33,700 SEK |
64,100 SEK |
107,000 SEK |
Median Salary, maximum and minimum salary, minimum wage, starting salary, and the salary range
Salary Range, Minimum Wage, and Starting Salary
Salaries for the position Bank Operations Specialist in Stockholm range from 33,700 SEK (starting salary) to 107,000 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 64,100 SEK, half of the professionals who work as Bank Operations Specialist in Stockholm 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 Bank Operations Specialist in Stockholm earn less than 52,400 SEK, while 75% earn more. Similarly, the chart shows that 75% earn less than 73,300 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 Bank Operations Specialist in Stockholm compared to simply calculating the average. The majority of reported salaries, approximately 65%, fall within the range of 40,000 SEK to 56,300 SEK. About 20% of salaries are below the 40,000 SEK mark, while 10% fall within the range of 56,300 SEK to 63,700 SEK. Only 5% of individuals have salaries exceeding 63,700 SEK.
Salary Comparison by Years of Experience / Bank Operations Specialist / Stockholm
How do experience and age affect pay?
| 0 - 2 Years | 39,900 SEK | |
| 2 - 5 Years | +29% | 51,300 SEK |
| 5 - 10 Years | +38% | 70,800 SEK |
| 10 - 15 Years | +24% | 87,700 SEK |
| 15 - 20 Years | +7% | 94,000 SEK |
| 20+ Years | +7% | 100,000 SEK |
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 Bank Operations Specialist and this is what we found.
Employees with less than two years of experience earn approximately 39,900 SEK.
While someone with an experience level between two and five years is expected to earn 51,300 SEK, 29% more than someone with less than two year's experience.
Moving forward, an experience level between five and ten years lands a salary of 70,800 SEK, 38% 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 87,700 SEK, 24% 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 94,000 SEK, 7% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 100,000 SEK, 7% more than people with fifteen to twenty years of experience.
Typical Salary Progress for Most Careers
Salary Comparison By Education / Bank Operations Specialist / Stockholm
How do education levels affect salaries?
Displayed below is the average salary variance between different education levels of professionals working as Bank Operations Specialist.
| Bachelor's Degree | 49,900 SEK | |
| Master's Degree | +60% | 80,000 SEK |
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 Bank Operations Specialist in order to make a comparison.
Level 1: Bachelor's Degree
Employees at this education level have an average salary of 49,900 SEK.
Level 2: Master's Degree
At this level, the average salary becomes 80,000 SEK, 60% 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 and Compensation Comparison By Gender / Bank Operations Specialist / Stockholm
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 Bank Operations Specialist in Sweden, the average difference between the salary of male and female employees is 4%.
| Male | 61,300 SEK | |
| Female | -4% | 58,800 SEK |
Salary Comparison By Gender in Sweden for all Careers
Average Annual Salary Increment Percentage / Bank Operations Specialist / Stockholm
How much are annual salary increments in Stockholm for individuals working as Bank Operations Specialist? How often do employees get salary raises?
Individuals working as Bank Operations Specialist in Sweden are likely to observe a salary increase of approximately % every months. The national average annual increment for all professions combined is 8% granted to employees every 16 months.
Sweden / All Professions
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
Worldwide Salary Raises: All Countries and All Jobs
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 / Bank Operations Specialist / Sweden
How much and how often are bonuses being awarded?
Share This Chart Tweet Get Chart Linkhttp://www.salaryexplorer.com/charts/sweden/banking/bank-operations-specialist/annual-salary-bonus-rate-sweden-bank-operations-specialist.jpg
100% of surveyed staff reported that they haven't received any bonuses or incentives in the previous year while % said that they received at least one form of monetary bonus.
Those who got bonuses reported rates ranging from % to % of their annual salary.
| Received Bonus | % | |
| No Bonus | 100% |
Types of Bonuses Considered
Individual Performance-Based BonusesThe most standard form of bonus, where the employee is awarded based on their exceptional performance.
Company Performance BonusesOccasionally, 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 BonusesGranted upon achieving an important goal or milestone.
Holiday / End of Year BonusesThese 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 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. |
Example: | Example: |
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.
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 / Bank Operations Specialist / Stockholm
400 SEK per hourThe average hourly wage (pay per hour) for individuals working as Bank Operations Specialist in Stockholm is 400 SEK.This is the rate they get paid for every worked hour.
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 Bank Operations Specialist in Stockholm is 190 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 Title | Average Salary |
| Banking |  -100% | |
| AML Analyst | 82,600 SEK |  +20% |
| Assistant Bank Branch Manager | 71,000 SEK | +3% |
| Assistant Bank Manager | 93,100 SEK | +35% |
| ATM Manager | 78,700 SEK | +15% |
| ATM Service Technician | 21,700 SEK | -68% |
| Bank Accounts Analyst | 29,400 SEK | -57% |
| Bank Accounts Collector | 18,000 SEK | -74% |
| Bank Accounts Controller | 40,000 SEK | -42% |
| Bank Accounts Executive | 59,400 SEK | -14% |
| Bank Accounts Manager | 68,900 SEK | +0% |
| Bank Auditing Manager | 70,000 SEK | +2% |
| Bank Branch Manager | 96,700 SEK | +41% |
| Bank Branch Operations Coordinator | 42,400 SEK | -38% |
| Bank Clerk | 16,900 SEK | -75% |
| Bank Client Service Associate | 25,800 SEK | -62% |
| Bank Collector | 19,300 SEK | -72% |
| Bank Compliance Specialist | 46,300 SEK | -33% |
| Bank Manager | 110,000 SEK | +60% |
| Bank Operational Risk Manager | 108,000 SEK | +57% |
| Bank Operations Head | 112,000 SEK | +63% |
| Bank Operations Officer | 44,300 SEK | -36% |
| Bank Operations Specialist | 68,700 SEK | -0% |
| Bank Process Manager | 61,100 SEK | -11% |
| Bank Product Manager | 71,300 SEK | +4% |
| Bank Programme Manager | 77,500 SEK | +13% |
| Bank Project Manager | 84,800 SEK | +23% |
| Bank Propositions Manager | 76,800 SEK | +12% |
| Bank Quantitative Analyst | 56,100 SEK | -18% |
| Bank Regional Manager | 109,000 SEK | +59% |
| Bank Regional Risk Officer | 54,500 SEK | -21% |
| Bank Relationship Manager | 80,300 SEK | +17% |
| Bank Relationship Officer | 35,700 SEK | -48% |
| Bank Sustainability Analyst | 61,200 SEK | -11% |
| Bank Teller | 18,300 SEK | -73% |
| Banker | 39,100 SEK | -43% |
| Banking Business Analyst | 57,300 SEK | -17% |
| Banking Business Development Officer | 33,700 SEK | -51% |
| Banking Business Planning Executive | 77,600 SEK | +13% |
| Banking Data Analyst | 62,900 SEK | -8% |
| Banking Product Manager | 70,800 SEK | +3% |
| Banking Reference Data Manager | 64,200 SEK | -7% |
| Banking Regulatory Compliance Officer | 64,600 SEK | -6% |
| Banking Risk Analyst | 56,200 SEK | -18% |
| Banking Technical Analyst | 29,800 SEK | -57% |
| Bankruptcy Coordinator | 40,900 SEK | -40% |
| Bill and Account Collector | 19,600 SEK | -71% |
| Blockchain Analyst | 47,500 SEK | -31% |
| Blockchain Architect | 55,200 SEK | -20% |
| Blockchain Auditor | 48,900 SEK | -29% |
| Blockchain Compliance Analyst | 50,600 SEK | -26% |
| Blockchain Consultant | 53,000 SEK | -23% |
| Blockchain Trade Facilitator | 46,200 SEK | -33% |
| Budget Analyst | 58,600 SEK | -15% |
| Capital Risk Manager | 104,000 SEK | +51% |
| Cards Marketing Manager | 69,300 SEK | +1% |
| Cash Management Manager | 94,200 SEK | +37% |
| Check Processing Manager | 69,700 SEK | +1% |
| Chief Blockchain Officer | 65,000 SEK | -5% |
| Commercial Vault Associate | 53,600 SEK | -22% |
| Corporate Banker | 38,900 SEK | -43% |
| Corporate Dealer | 56,400 SEK | -18% |
| Credit Analyst | 42,000 SEK | -39% |
| Credit and Collections Manager | 73,000 SEK | +6% |
| Credit Card Fraud Investigator | 55,900 SEK | -19% |
| Credit Portfolio Manager | 107,000 SEK | +56% |
| Credit Risk Analyst | 63,000 SEK | -8% |
| Credit Risk Associate | 60,700 SEK | -12% |
| Cryptocurrency Accountant | 36,600 SEK | -47% |
| Cryptocurrency Adviser | 71,100 SEK | +3% |
| Cryptocurrency Analyst | 53,400 SEK | -22% |
| Cryptocurrency Compliance Manager | 66,300 SEK | -4% |
| Cryptocurrency Trader | 59,500 SEK | -13% |
| Digital Banking Manager | 73,200 SEK | +7% |
| Digital Currency Analyst | 53,800 SEK | -22% |
| Direct Bank Sales Representative | 38,400 SEK | -44% |
| Exchange Control Consultant | 58,000 SEK | -16% |
| Executive Account Analyst | 54,500 SEK | -21% |
| Financial Bank Planning Consultant | 69,200 SEK | +1% |
| Financial Banking Analysis Manager | 79,900 SEK | +16% |
| Financial Banking Assistant | 25,900 SEK | -62% |
| Financial Banking Systems Manager | 74,200 SEK | +8% |
| Foreign Exchange Manager | 79,400 SEK | +16% |
| Fraud Analyst | 61,000 SEK | -11% |
| Fraud Detection Associate | 39,400 SEK | -43% |
| Fraud Detection Manager | 89,700 SEK | +31% |
| Fraud Detection Supervisor | 47,600 SEK | -31% |
| Internal Bank Audit Manager | 99,500 SEK | +45% |
| Internal Bank Auditor | 53,000 SEK | -23% |
| Internal Private Banker | 40,300 SEK | -41% |
| International Banking Manager | 112,000 SEK | +63% |
| Investment Banking Analyst | 78,300 SEK | +14% |
| Loan Analyst | 56,300 SEK | -18% |
| Loan Area Manager | 69,000 SEK | +0% |
| Loan Audit Team Leader | 64,600 SEK | -6% |
| Loan Branch Manager | 64,000 SEK | -7% |
| Loan Business Development Officer | 34,600 SEK | -50% |
| Loan Clerk | 20,200 SEK | -71% |
| Loan Collection and Recovery Manager | 68,600 SEK | -0% |
| Loan Collection Manager | 68,500 SEK | -0% |
| Loan Collector | 18,700 SEK | -73% |
| Loan Examiner | 25,000 SEK | -64% |
| Loan Officer | 21,000 SEK | -69% |
| Loan Processing Manager | 61,700 SEK | -10% |
| Loan Processor | 25,800 SEK | -62% |
| Loan Quality Assurance Auditor | 58,100 SEK | -15% |
| Loan Quality Assurance Manager | 64,700 SEK | -6% |
| Loan Quality Assurance Representative | 43,200 SEK | -37% |
| Loan Review Manager | 65,200 SEK | -5% |
| Loan Team Leader | 58,300 SEK | -15% |
| Loans Manager | 73,800 SEK | +7% |
| Mortgage Advisor | 40,100 SEK | -42% |
| Mortgage Collection Manager | 67,700 SEK | -1% |
| Mortgage Collector | 18,900 SEK | -72% |
| Mortgage Credit Analyst | 30,800 SEK | -55% |
| Mortgage Credit Manager | 64,800 SEK | -6% |
| Mortgage Development Manager | 74,300 SEK | +8% |
| Mortgage Document Reviewer | 25,300 SEK | -63% |
| Mortgage Funding Manager | 75,300 SEK | +10% |
| Mortgage Operations Manager | 101,000 SEK | +47% |
| Mortgage Payment Processing Clerk | 22,300 SEK | -68% |
| Mortgage Processing Manager | 66,600 SEK | -3% |
| Mortgage Processor | 26,200 SEK | -62% |
| Mortgage Quality Assurance Auditor | 57,800 SEK | -16% |
| Mortgage Quality Assurance Manager | 66,300 SEK | -4% |
| Mortgage Servicing Clerk | 20,300 SEK | -70% |
| Mortgage Servicing Manager | 64,400 SEK | -6% |
| Mortgage Underwriter | 24,800 SEK | -64% |
| Online Banking Manager | 95,300 SEK | +39% |
| Open Banking Strategist | 56,600 SEK | -18% |
| Payment Processing Clerk | 19,500 SEK | -72% |
| Personal Banker | 40,100 SEK | -42% |
| Personal Banking Advisor | 39,900 SEK | -42% |
| Phone Banker | 26,200 SEK | -62% |
| Private Banker | 39,700 SEK | -42% |
| Reconciliation and Investigation Specialist | 48,000 SEK | -30% |
| Tax Officer | 33,100 SEK | -52% |
| Teller | 18,800 SEK | -73% |
| Trade Officer | 23,900 SEK | -65% |
| Trade Product Manager | 68,600 SEK | -0% |
| Trader | 28,700 SEK | -58% |
| Treasury Operations Officer | 47,600 SEK | -31% |
| Wealth Management Advisor | 81,100 SEK | +18% |
Salary Comparison By City
| City | Average Salary |
| Stockholm | 68,700 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 |
Salary Statistics and Calculation Guide
What is considered to be a good and competitive salary for the job title Bank Operations Specialist in Stockholm?
A good and competitive compensation would range anywhere between 64,100 SEK and 73,300 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 Bank Operations Specialist in Stockholm ranges from 33,700 SEK to 52,400 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
