Average Algorithm Developer Salary in Sweden for 2024

In this article, we will look at the average Algorithm Developer salary for 2024 in Sweden and how that compares to other countries and professions. We'll also look at interesting salary data points like median salary, 25th and 75th percentile salaries, salary amounts based on experience, bonus ranges and more!

The data in this article has been compiled using official government salary data, salary surveys, and other sources such as job postings which contain salary information.

All salary information is in the local currency, which is the Swedish krona. To keep things simple, we are using the SEK currency code instead of the currency symbol kr.

How Much Does an Algorithm Developer Make in Sweden?

An Algorithm Developer working in Sweden will typically earn around 706,200 SEK per year, and this can range from the lowest average salary of about 361,600 SEK to the highest average salary of 1,088,100 SEK.

Average Annual Salary
706,200 SEK
Average Monthly Salary
58,850 SEK

Lowest Annual Salary
361,600 SEK
Lowest Monthly Salary
30,133 SEK

Highest Annual Salary
1,088,100 SEK
Highest Monthly Salary
90,675 SEK

These are average salaries for an Algorithm Developer in Sweden and include benefits such as housing and transport. It's also possible for an Algorithm Developer to earn more or less than the average salaries shown above.

Algorithm Developer salaries will vary a lot based on your experience, location, skills, and gender. Keep reading below to research more data on each of these areas.

Distribution of Algorithm Developer Salaries in Sweden

So we've looked at the average salaries an Algorithm Developer will earn in Sweden. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that an Algorithm Developer can earn between 361,600 SEK and 1,088,100 SEK on average in Sweden. This is known as the range in statistics.

The difference between the maximum and minimum values is a good indicator of variability in salaries, and can be used by employers to figure out how much they can expect to pay, and for employees to know how much they can earn.

Median salary

The median salary for an Algorithm Developer in Sweden is 693,100 SEK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 693,100 SEK, and 50% of the population earn more than 693,100 SEK.

If you are earning more than the median salary, that's a good indicator that you are being paid well.

If you're not earning more than the median salary, your objective should be to increase your earnings to be at least as high as the median salary (which you can do by asking for a pay rise, looking for a better paying job, etc).

Percentiles

Percentiles are similar to the median salary, but instead of looking at the middle value, they look at the values in the top and bottom half of the distribution.

For the average Algorithm Developer salary in Sweden, 25% of the population are earning less than 472,100 SEK while 75% of the population earn more than 472,100 SEK.

75% of the population earn less than 874,300 SEK, and 25% of the population earn more than 874,300 SEK.

Like the median salary, the 25th and 75th percentile salaries can be used to determine which quartile you fall into so that you know whether you are being paid well enough compared to others in your profession and location.

The difference between a median and an average salary

The median and average salary are both indicators you can use to see if you are being paid fairly based on the overall population.

  • If your salary is higher than the average and the median salary, you are earning well compared to others.
  • If your salary is lower than the average and the median salary, it could indicate you are not being paid well enough.
  • If you are somewhere in between then it's tricky to determine if you are being paid well enough and you might need to research more closely.

Algorithm Developer Salary by Experience Level in Sweden

The most important factor in determining your salary after the specific profession is the number of years experience you have. It stands to reason that more years of experience will result in a higher wage.

We have researched the average algorithm developer salary based on years of experience to give you an idea of how the average changes once you've worked for a certain amount of time.

  • 0 - 2 Years Experience. An Algorithm Developer in Sweden that has less than two years of experience can expect to earn somewhere in the region of 403,100 SEK.
  • 2 - 5 Years Experience. With two to five years of experience the average Algorithm Developer salary would increase to 528,500 SEK.
  • 5 - 10 Years Experience. From five to ten years of experience as an Algorithm Developer, the average salary would be 737,000 SEK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 888,400 SEK.
  • 15 - 20 Years Experience. An Algorithm Developer with 15 to 20 years of experience can earn an average of 965,000 SEK.
  • 20+ Years Experience. For an Algorithm Developer with more than 20 years, the expected average salary increases to 1,042,000 SEK.

Average Salary by Experience Chart

0-2 Years
403,100 SEK
2-5 Years +31%
528,500 SEK
5-10 Years +40%
737,000 SEK
10-15 Years +20%
888,400 SEK
15-20 Years +9%
965,000 SEK
20+ Years +8%
1,042,000 SEK

Algorithm Developer Salary by Education Level in Sweden

As well as experience in a job, your education plays a big role in how much you can earn. A lot of higher paying positions require a high level of education, but how much can a degree increase your salary?

In our research we have compared the salaries of employees in the same job and career level with different levels of education to see how much more you can earn at each education level.

The salary you can earn based on your education is very specific to both your location and the career path you choose.

In our research, we looked at the average salary for an Algorithm Developer in Sweden based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • Bachelor's Degree. An Algorithm Developer in Sweden with a bachelor's degree education can earn an average salary of 478,100 SEK.

  • Master's Degree. An Algorithm Developer in Sweden with a master's degree education can earn an average salary of 709,600 SEK.

  • PhD. An Algorithm Developer in Sweden with a phd education can earn an average salary of 1,030,200 SEK.

Average Salary by Education Chart

Bachelor's Degree
478,100 SEK
Master's Degree +49%
709,600 SEK
PhD +45%
1,030,200 SEK

How Much is a Master's Degree or MBA Program?

The approximate cost of a master's degree or post-graduate program like an MBA in Sweden is around 226,000 to 677,000 SEK and takes two years to complete.

As you can see above, there are financial benefits from reaching master's degree level, but don't expect to see much of a salary increase until you have completed the degree.

It's common for people to pursue an MBA or other post-graduate program in order to switch to a a job that pays more. On average, you can expect to earn around 10% more when switching to a new company.

Whether you decide to pursue a master's degree depends on many factors. If you are able to afford it, the numbers suggest that the return on investment is worth it and you could recover the costs in a few years from the salary increase you would receive.

Algorithm Developer Salary Compared by Gender

In the modern age, we know that there should never be a pay gap between men and women. Unfortunately, in many professions, there is still a significant difference between the salaries earned by men when compared to the salary of women in the same job.

In Sweden, a male algorithm developer will earn an average of 724,300 SEK, while a female algorithm developer will earn around 689,900 SEK.

This means that a male algorithm developer earns approximately 5% more than a female algorithm developer for performing the same job.

Average Salary by Gender Chart in Sweden

Male
724,300 SEK
Female -5%
689,900 SEK

Algorithm Developer Average Pay Raise in Sweden

In many countries, an annual pay raise is often given to employees to reward their service with a salary increase.

From our research, we can see that the average pay raise for an Algorithm Developer in Sweden is around 11% every 16 months.

The national average pay raise across all professions and industries in Sweden is around 8% every 16 months.

In this case, we can see that the number of months between the average pay raise is higher than the typical 12 months.

To make the data more meaningful, we can calculate what the approximate annual pay raise would be using a simple formula:

Annual Increase = ( Increase Rate ÷ Months ) × 12

So for this example, it would be:

Annual Increase = ( 11 ÷ 16 ) × 12  = 8%

What this means is that an Algorithm Developer in Sweden can expect to receive an average pay raise of around 8% every 12 months.

Annual Pay Raise by Industry in Sweden for 2024

In the chart below, you can see the average annual pay raise percentages for each of the major industries in Sweden.

You will see that companies in bigger and more lucrative industries tend to have the higher annual pay raises.

Banking
2%
Energy
4%
Information Technology
6%
Healthcare
8%
Travel
1%
Construction
3%
Education
5%

Algorithm Developer Bonus and Incentive Rates in Sweden

Another part of your overall compensation in a job is how much bonus you receive. Some job roles will be more likely to pay a bonus than others and also more likely to have higher bonus rates.

Generally speaking, jobs that are more involved with direct revenue generation will receive higher bonuses based on the performance towards revenue goals.

An Algorithm Developer is a moderate bonus based job, with 57% of employees reporting at least one bonus in the last 12 months.

43% reported that they had not received any bonuses in the previous 12 months.

For the employees that did receive a bonus in the previous 12 months, the reported bonuses ranged from 3% to 6%.

Received Bonus
57%
No Bonus
43%

What are the Types of Bonus?

There are a number of difference types of bonus you can receive in a job. Including:

  • Individual performance bonus - This is a bonus that is awarded to an individual employee for general performance in the job. It's the most common type of bonus.
  • Company performance bonus - This is a bonus that is awarded to a company employees to share profit with the staff.
  • Goal based bonus - This is a bonus that is awarded to an individual employee (or a team) for achieving specific goals, objectives, or milestones.
  • Holiday bonus - This type of bonus is usually paid around the holidays, often the end of the year, and is a token of appreciation for the hard work throughout the year.

Government vs Private Sector Salaries

Another commonly asked question is whether you get paid a higher salary working in the public (government) sector or the private sector.

Public sector employees in Sweden earn approximately 5% more than private sector employees in the same role.

Public Sector
553,800 SEK
Private Sector -5%
528,500 SEK

Salaries for Jobs Similar to an Algorithm Developer

In the table below, we have salary information for jobs that are similar to an Algorithm Developer in Sweden.

Job Title Category Salary
3D Lab Technologist Science and Technical Services 544,800 SEK
Analytical Chemist Science and Technical Services 986,700 SEK
Anthropologist Science and Technical Services 743,100 SEK
Archeologist Science and Technical Services 681,900 SEK
Assistant Breeder Science and Technical Services 351,900 SEK
Astronomer Science and Technical Services 1,249,900 SEK
Atmospheric and Space Scientist Science and Technical Services 1,047,900 SEK
Behavior Analyst Science and Technical Services 681,500 SEK
Behavior Intervention Specialist Science and Technical Services 758,700 SEK
Behavior Specialist Science and Technical Services 712,100 SEK
Biochemist Science and Technical Services 1,195,600 SEK
Biofuels Processing Technician Science and Technical Services 480,600 SEK
Biofuels Production Manager Science and Technical Services 858,400 SEK
Biologist Science and Technical Services 1,224,800 SEK
Biomedical Laboratory Officer Science and Technical Services 466,900 SEK
Biomedical Scientist Science and Technical Services 1,147,600 SEK
Biophysicist Science and Technical Services 1,195,600 SEK
Chemical Engineer Science and Technical Services 533,100 SEK
Chemical Technologist Science and Technical Services 541,700 SEK
Chemist Science and Technical Services 1,050,100 SEK
Chief Technologist Science and Technical Services 1,004,600 SEK
Climate Change Analyst Science and Technical Services 788,000 SEK
Clinical Laboratory Scientist Science and Technical Services 1,152,700 SEK
Computer Scientist Science and Technical Services 934,900 SEK
Conservation Scientist Science and Technical Services 917,200 SEK
Data Science Specialist Science and Technical Services 744,600 SEK
Data Scientist Science and Technical Services 869,400 SEK
DNA Analyst Science and Technical Services 1,212,800 SEK
Ecologist Science and Technical Services 909,300 SEK
Economic Development Specialist Science and Technical Services 926,000 SEK
Flavourist Science and Technical Services 376,800 SEK
Food Scientist Science and Technical Services 731,700 SEK
Forensic Scientist Science and Technical Services 946,000 SEK
Formulation Technologist Science and Technical Services 466,900 SEK
Fraud Investigator Science and Technical Services 544,800 SEK
Genomics Scientist Science and Technical Services 1,125,300 SEK
Geographer Science and Technical Services 623,200 SEK
Geographic Information Systems Technician Science and Technical Services 401,300 SEK
Geological Data Technician Science and Technical Services 406,300 SEK
Geological Technician Science and Technical Services 472,100 SEK
Geologist Science and Technical Services 934,900 SEK
Geomatics Scientist Science and Technical Services 919,700 SEK
Geophysical Data Technician Science and Technical Services 388,100 SEK
Geospatial Information Scientist and Technologist Science and Technical Services 836,800 SEK
Global Technical Lead Science and Technical Services 1,273,300 SEK
Hydrologist Science and Technical Services 759,300 SEK
Industrial Ecologist Science and Technical Services 773,400 SEK
Intelligence Analyst Science and Technical Services 707,600 SEK
Knowledge Management Specialist Science and Technical Services 553,800 SEK
Lab Analyst Science and Technical Services 492,400 SEK
Lab Manager Science and Technical Services 780,700 SEK
Lab Technician Science and Technical Services 361,500 SEK
Laboratory Manager Science and Technical Services 855,200 SEK
Laboratory Researcher Science and Technical Services 528,600 SEK
Laboratory Technician Science and Technical Services 363,000 SEK
Life Sciences Analyst Science and Technical Services 767,000 SEK
Life Scientist Science and Technical Services 896,700 SEK
Marine Architect Science and Technical Services 752,600 SEK
Marine Biologist Science and Technical Services 869,400 SEK
Marine Superintendent Science and Technical Services 510,200 SEK
Materials Analyst Science and Technical Services 528,600 SEK
Materials Scientist Science and Technical Services 862,200 SEK
Mathematician Science and Technical Services 922,900 SEK
Medical Scientist Science and Technical Services 1,235,600 SEK
Metallurgist Science and Technical Services 852,600 SEK
Meteorologist Science and Technical Services 861,300 SEK
Microbiologist Science and Technical Services 1,273,300 SEK
Natural Language Processing Researcher Science and Technical Services 759,300 SEK
Natural Resource Specialist Science and Technical Services 696,700 SEK
Natural Resources Analyst Science and Technical Services 759,300 SEK
Natural Sciences Manager Science and Technical Services 1,078,200 SEK
Nuclear Engineer Science and Technical Services 1,306,100 SEK
Physical Scientist Science and Technical Services 918,500 SEK
Physicist Science and Technical Services 1,098,200 SEK
Political Scientist Science and Technical Services 903,500 SEK
Polygraph Examiner Science and Technical Services 319,600 SEK
Polysomnographic Technologist Science and Technical Services 553,800 SEK
Product Development Scientist Science and Technical Services 998,400 SEK
Quantitative Research Analyst Science and Technical Services 774,200 SEK
Quantitative Researcher Science and Technical Services 780,700 SEK
Radiation Protection Specialist Science and Technical Services 638,700 SEK
Refrigeration Technician Science and Technical Services 273,300 SEK
Research Scientist Science and Technical Services 862,400 SEK
Risk Safety Engineer Science and Technical Services 547,800 SEK
Scientific Photographer Science and Technical Services 507,300 SEK
Scientific Programmer Science and Technical Services 725,700 SEK
Scientist Science and Technical Services 874,500 SEK
Service Engineer Science and Technical Services 518,300 SEK
Service Technician Science and Technical Services 369,900 SEK
Social Science Research Assistant Science and Technical Services 493,000 SEK
Social Scientist Science and Technical Services 922,900 SEK
Sociologist Science and Technical Services 893,500 SEK
Soil Scientist Science and Technical Services 758,700 SEK
Statistical Analyst Science and Technical Services 522,700 SEK
Statistical Assistant Science and Technical Services 382,600 SEK
Statistician Science and Technical Services 781,200 SEK
Survey Analyst Science and Technical Services 489,600 SEK
Survey Researcher Science and Technical Services 459,700 SEK
Surveying and Mapping Technician Science and Technical Services 313,700 SEK
Team Leader Science and Technical Services 712,100 SEK
Technical Manager Science and Technical Services 791,200 SEK
Technical Officer Science and Technical Services 362,200 SEK
Technical Service Director Science and Technical Services 1,094,000 SEK
Technical Services Regulatory Affairs Specialist Science and Technical Services 520,900 SEK
Technical Services Research and Development Manager Science and Technical Services 1,212,800 SEK
Technical Services Research Associate Science and Technical Services 576,500 SEK
Technical Services Research Coordinator Science and Technical Services 606,400 SEK
Technician Science and Technical Services 325,900 SEK
Water Ecologist Science and Technical Services 973,800 SEK
Wildlife Biologist Science and Technical Services 832,000 SEK

Salary Comparison by City

If you want to compare salaries with different cities in Sweden, you can use the links below to explore the data for each specific city we have researched.

City Average Salary
Goteborg 713,900 SEK
Malmo 625,000 SEK
Stockholm 800,200 SEK

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