Average Bank Clerk Salary in Sweden for 2024

In this article, we will look at the average Bank Clerk 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 a Bank Clerk Make in Sweden?

A Bank Clerk working in Sweden will typically earn around 192,000 SEK per year, and this can range from the lowest average salary of about 101,020 SEK to the highest average salary of 292,000 SEK.

Average Annual Salary
192,000 SEK
Average Monthly Salary
16,000 SEK

Lowest Annual Salary
101,020 SEK
Lowest Monthly Salary
8,418 SEK

Highest Annual Salary
292,000 SEK
Highest Monthly Salary
24,333 SEK

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

Bank Clerk 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 Bank Clerk Salaries in Sweden

So we've looked at the average salaries a Bank Clerk will earn in Sweden. The next interesting data point is the distribution of salaries.

Salary ranges

We already know that a Bank Clerk can earn between 101,020 SEK and 292,000 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 a Bank Clerk in Sweden is 183,600 SEK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 183,600 SEK, and 50% of the population earn more than 183,600 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 Bank Clerk salary in Sweden, 25% of the population are earning less than 125,700 SEK while 75% of the population earn more than 125,700 SEK.

75% of the population earn less than 227,600 SEK, and 25% of the population earn more than 227,600 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.

Bank Clerk 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 bank clerk 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. A Bank Clerk in Sweden that has less than two years of experience can expect to earn somewhere in the region of 112,660 SEK.
  • 2 - 5 Years Experience. With two to five years of experience the average Bank Clerk salary would increase to 152,100 SEK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Bank Clerk, the average salary would be 195,200 SEK.
  • 10 - 15 Years Experience. Once you have more than ten years of experience the average salary reaches around 239,000 SEK.
  • 15 - 20 Years Experience. A Bank Clerk with 15 to 20 years of experience can earn an average of 259,100 SEK.
  • 20+ Years Experience. For a Bank Clerk with more than 20 years, the expected average salary increases to 275,200 SEK.

Average Salary by Experience Chart

0-2 Years
112,660 SEK
2-5 Years +34%
152,100 SEK
5-10 Years +30%
195,200 SEK
10-15 Years +21%
239,000 SEK
15-20 Years +9%
259,100 SEK
20+ Years +5%
275,200 SEK

Bank Clerk 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 a Bank Clerk in Sweden based on the education level of the employees in order to find out whether a better education level would increase your salary.

  • High School. A Bank Clerk in Sweden with a high school education can earn an average salary of 134,600 SEK.

  • Certificate or Diploma. A Bank Clerk in Sweden with a certificate or diploma education can earn an average salary of 192,600 SEK.

  • Bachelor's Degree. A Bank Clerk in Sweden with a bachelor's degree education can earn an average salary of 263,900 SEK.

Average Salary by Education Chart

High School
134,600 SEK
Certificate or Diploma +43%
192,600 SEK
Bachelor's Degree +38%
263,900 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.

Bank Clerk 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 bank clerk will earn an average of 194,600 SEK, while a female bank clerk will earn around 187,500 SEK.

This means that a male bank clerk earns approximately 4% more than a female bank clerk for performing the same job.

Average Salary by Gender Chart in Sweden

Male
194,600 SEK
Female -4%
187,500 SEK

Bank Clerk 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 a Bank Clerk in Sweden is around 11% every 14 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 ÷ 14 ) × 12  = 9%

What this means is that a Bank Clerk in Sweden can expect to receive an average pay raise of around 9% 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%

Bank Clerk 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.

A Bank Clerk is a low bonus based job, with 29% of employees reporting at least one bonus in the last 12 months.

71% 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 1% to 3%.

Received Bonus
29%
No Bonus
71%

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 a Bank Clerk

In the table below, we have salary information for jobs that are similar to a Bank Clerk in Sweden.

Job Title Category Salary
AML Analyst Banking 838,100 SEK
Assistant Bank Branch Manager Banking 762,400 SEK
Assistant Bank Manager Banking 953,200 SEK
ATM Manager Banking 814,100 SEK
ATM Service Technician Banking 225,300 SEK
Bank Accounts Analyst Banking 327,300 SEK
Bank Accounts Collector Banking 195,200 SEK
Bank Accounts Controller Banking 397,900 SEK
Bank Accounts Executive Banking 596,800 SEK
Bank Accounts Manager Banking 698,200 SEK
Bank Auditing Manager Banking 735,500 SEK
Bank Branch Manager Banking 1,032,400 SEK
Bank Branch Operations Coordinator Banking 428,400 SEK
Bank Client Service Associate Banking 263,100 SEK
Bank Collector Banking 197,600 SEK
Bank Compliance Specialist Banking 525,700 SEK
Bank Manager Banking 1,141,000 SEK
Bank Operational Risk Manager Banking 1,165,400 SEK
Bank Operations Head Banking 1,145,100 SEK
Bank Operations Officer Banking 448,500 SEK
Bank Operations Specialist Banking 721,600 SEK
Bank Process Manager Banking 695,200 SEK
Bank Product Manager Banking 736,700 SEK
Bank Programme Manager Banking 832,000 SEK
Bank Project Manager Banking 925,900 SEK
Bank Propositions Manager Banking 840,100 SEK
Bank Quantitative Analyst Banking 572,200 SEK
Bank Regional Manager Banking 1,184,700 SEK
Bank Regional Risk Officer Banking 623,700 SEK
Bank Relationship Manager Banking 874,900 SEK
Bank Relationship Officer Banking 406,300 SEK
Bank Teller Banking 204,700 SEK
Banker Banking 433,400 SEK
Banking Business Analyst Banking 625,000 SEK
Banking Business Development Officer Banking 369,300 SEK
Banking Business Planning Executive Banking 917,700 SEK
Banking Product Manager Banking 762,400 SEK
Banking Reference Data Manager Banking 663,100 SEK
Banking Risk Analyst Banking 588,500 SEK
Banking Technical Analyst Banking 339,100 SEK
Bankruptcy Coordinator Banking 430,500 SEK
Bill and Account Collector Banking 221,500 SEK
Budget Analyst Banking 632,400 SEK
Capital Risk Manager Banking 1,138,500 SEK
Cards Marketing Manager Banking 772,900 SEK
Cash Management Manager Banking 1,043,600 SEK
Check Processing Manager Banking 780,700 SEK
Commercial Vault Associate Banking 625,000 SEK
Corporate Banker Banking 430,000 SEK
Corporate Dealer Banking 615,300 SEK
Credit Analyst Banking 480,300 SEK
Credit and Collections Manager Banking 843,600 SEK
Credit Card Fraud Investigator Banking 649,700 SEK
Credit Portfolio Manager Banking 1,180,700 SEK
Credit Risk Analyst Banking 677,100 SEK
Credit Risk Associate Banking 628,000 SEK
Direct Bank Sales Representative Banking 451,000 SEK
Exchange Control Consultant Banking 683,400 SEK
Executive Account Analyst Banking 632,400 SEK
Financial Bank Planning Consultant Banking 791,600 SEK
Financial Banking Analysis Manager Banking 953,300 SEK
Financial Banking Assistant Banking 283,400 SEK
Financial Banking Systems Manager Banking 814,100 SEK
Foreign Exchange Manager Banking 877,300 SEK
Fraud Analyst Banking 679,200 SEK
Fraud Detection Associate Banking 436,200 SEK
Fraud Detection Manager Banking 956,200 SEK
Fraud Detection Supervisor Banking 533,000 SEK
Internal Bank Audit Manager Banking 1,134,100 SEK
Internal Bank Auditor Banking 607,400 SEK
Internal Private Banker Banking 436,200 SEK
International Banking Manager Banking 1,296,900 SEK
Investment Banking Analyst Banking 919,700 SEK
Loan Analyst Banking 592,600 SEK
Loan Area Manager Banking 721,600 SEK
Loan Audit Team Leader Banking 675,100 SEK
Loan Branch Manager Banking 674,100 SEK
Loan Business Development Officer Banking 367,900 SEK
Loan Clerk Banking 215,100 SEK
Loan Collection and Recovery Manager Banking 744,600 SEK
Loan Collection Manager Banking 737,000 SEK
Loan Collector Banking 204,000 SEK
Loan Examiner Banking 275,800 SEK
Loan Officer Banking 246,200 SEK
Loan Processing Manager Banking 687,100 SEK
Loan Processor Banking 290,800 SEK
Loan Quality Assurance Auditor Banking 592,600 SEK
Loan Quality Assurance Manager Banking 665,300 SEK
Loan Quality Assurance Representative Banking 447,700 SEK
Loan Review Manager Banking 683,400 SEK
Loan Team Leader Banking 615,700 SEK
Loans Manager Banking 823,400 SEK
Mortgage Advisor Banking 428,400 SEK
Mortgage Collection Manager Banking 725,700 SEK
Mortgage Collector Banking 204,000 SEK
Mortgage Credit Analyst Banking 335,800 SEK
Mortgage Credit Manager Banking 714,600 SEK
Mortgage Development Manager Banking 821,500 SEK
Mortgage Document Reviewer Banking 254,800 SEK
Mortgage Funding Manager Banking 767,400 SEK
Mortgage Operations Manager Banking 1,074,600 SEK
Mortgage Payment Processing Clerk Banking 238,900 SEK
Mortgage Processing Manager Banking 684,900 SEK
Mortgage Processor Banking 272,800 SEK
Mortgage Quality Assurance Auditor Banking 623,700 SEK
Mortgage Quality Assurance Manager Banking 721,600 SEK
Mortgage Servicing Clerk Banking 209,500 SEK
Mortgage Servicing Manager Banking 679,200 SEK
Mortgage Underwriter Banking 272,800 SEK
Online Banking Manager Banking 1,113,700 SEK
Payment Processing Clerk Banking 228,000 SEK
Personal Banker Banking 462,300 SEK
Personal Banking Advisor Banking 467,100 SEK
Phone Banker Banking 297,000 SEK
Private Banker Banking 425,100 SEK
Reconciliation and Investigation Specialist Banking 524,300 SEK
Tax Officer Banking 369,300 SEK
Teller Banking 207,800 SEK
Trade Officer Banking 254,800 SEK
Trade Product Manager Banking 739,500 SEK
Trader Banking 311,700 SEK
Treasury Operations Officer Banking 524,400 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 187,300 SEK
Malmo 169,000 SEK
Stockholm 204,700 SEK

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