Average Store Manager Salary in Sweden for 2024

In this article, we will look at the average Store Manager 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 Store Manager Make in Sweden?

A Store Manager working in Sweden will typically earn around 718,000 SEK per year, and this can range from the lowest average salary of about 372,600 SEK to the highest average salary of 1,095,900 SEK.

Average Annual Salary
718,000 SEK
Average Monthly Salary
59,833 SEK

Lowest Annual Salary
372,600 SEK
Lowest Monthly Salary
31,050 SEK

Highest Annual Salary
1,095,900 SEK
Highest Monthly Salary
91,325 SEK

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

Store Manager 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 Store Manager Salaries in Sweden

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

Salary ranges

We already know that a Store Manager can earn between 372,600 SEK and 1,095,900 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 Store Manager in Sweden is 689,900 SEK. This is the middle value in the distribution of salaries.

What this means is that approximately 50% of the population earn less than 689,900 SEK, and 50% of the population earn more than 689,900 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 Store Manager salary in Sweden, 25% of the population are earning less than 476,600 SEK while 75% of the population earn more than 476,600 SEK.

75% of the population earn less than 858,100 SEK, and 25% of the population earn more than 858,100 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.

Store Manager 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 store manager 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 Store Manager in Sweden that has less than two years of experience can expect to earn somewhere in the region of 424,300 SEK.
  • 2 - 5 Years Experience. With two to five years of experience the average Store Manager salary would increase to 566,900 SEK.
  • 5 - 10 Years Experience. From five to ten years of experience as a Store Manager, 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 895,900 SEK.
  • 15 - 20 Years Experience. A Store Manager with 15 to 20 years of experience can earn an average of 976,300 SEK.
  • 20+ Years Experience. For a Store Manager with more than 20 years, the expected average salary increases to 1,028,300 SEK.

Average Salary by Experience Chart

0-2 Years
424,300 SEK
2-5 Years +34%
566,900 SEK
5-10 Years +30%
737,000 SEK
10-15 Years +21%
895,900 SEK
15-20 Years +9%
976,300 SEK
20+ Years +5%
1,028,300 SEK

Store Manager 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 Store Manager 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 Store Manager in Sweden with a high school education can earn an average salary of 501,400 SEK.

  • Certificate or Diploma. A Store Manager in Sweden with a certificate or diploma education can earn an average salary of 721,600 SEK.

  • Bachelor's Degree. A Store Manager in Sweden with a bachelor's degree education can earn an average salary of 995,200 SEK.

Average Salary by Education Chart

High School
501,400 SEK
Certificate or Diploma +43%
721,600 SEK
Bachelor's Degree +38%
995,200 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.

Store Manager 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 store manager will earn an average of 733,300 SEK, while a female store manager will earn around 701,400 SEK.

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

Average Salary by Gender Chart in Sweden

Male
733,300 SEK
Female -5%
701,400 SEK

Store Manager 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 Store Manager in Sweden is around 12% 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 = ( 12 ÷ 16 ) × 12  = 9%

What this means is that a Store Manager 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%

Store Manager 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 Store Manager is a high bonus based job, with 81% of employees reporting at least one bonus in the last 12 months.

19% 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 6% to 8%.

Received Bonus
81%
No Bonus
19%

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 Store Manager

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

Job Title Category Salary
Account Manager Sales Retail and Wholesale 650,700 SEK
Account Officer Sales Retail and Wholesale 340,400 SEK
Area Manager Sales Retail and Wholesale 719,100 SEK
Area Sales Director Sales Retail and Wholesale 1,147,600 SEK
Area Sales Manager Sales Retail and Wholesale 932,800 SEK
Assisstant Store Supervisor Sales Retail and Wholesale 371,100 SEK
Assistant Department Manager Sales Retail and Wholesale 459,700 SEK
Assistant Retail Store Manager Sales Retail and Wholesale 487,600 SEK
Branch Manager Sales Retail and Wholesale 674,100 SEK
Branch Supervisor Sales Retail and Wholesale 555,800 SEK
Cashier Sales Retail and Wholesale 205,700 SEK
Cashier Manager Sales Retail and Wholesale 467,100 SEK
Commercial Sales Manager Sales Retail and Wholesale 874,500 SEK
Corporate Sales Manager Sales Retail and Wholesale 790,600 SEK
Depot Manager Sales Retail and Wholesale 650,700 SEK
Depot Supervisor Sales Retail and Wholesale 605,700 SEK
Deputy Sales Manager Sales Retail and Wholesale 625,000 SEK
Director of Sales Sales Retail and Wholesale 1,141,600 SEK
Distribution Director Sales Retail and Wholesale 754,900 SEK
District Leader Sales Retail and Wholesale 559,000 SEK
District Manager Sales Retail and Wholesale 705,500 SEK
District Sales Manager Sales Retail and Wholesale 665,300 SEK
External Sales Account Manager Sales Retail and Wholesale 632,400 SEK
Field Sales Representative Sales Retail and Wholesale 430,500 SEK
Furniture Sales Associate Sales Retail and Wholesale 313,700 SEK
Global Wholesale Manager Sales Retail and Wholesale 1,235,600 SEK
Head Cashier Sales Retail and Wholesale 455,400 SEK
Head of Direct Sales Sales Retail and Wholesale 854,300 SEK
Head of Retail Sales Retail and Wholesale 861,300 SEK
Head Teller Sales Retail and Wholesale 459,700 SEK
Inside Sales Sales Retail and Wholesale 341,400 SEK
Inside Sales Account Manager Sales Retail and Wholesale 533,000 SEK
Inside Sales Engineer Sales Retail and Wholesale 406,300 SEK
Inside Sales Executive Sales Retail and Wholesale 602,700 SEK
Inside Sales Representative Sales Retail and Wholesale 372,600 SEK
Internal Sales Manager Sales Retail and Wholesale 659,200 SEK
Inventory Manager Sales Retail and Wholesale 603,400 SEK
Key Account Manager Sales Retail and Wholesale 664,500 SEK
Medical Device Sales Sales Retail and Wholesale 522,700 SEK
Medical Device Sales Representative Sales Retail and Wholesale 524,300 SEK
Merchandiser Sales Retail and Wholesale 437,300 SEK
National Account Manager Sales Retail and Wholesale 875,000 SEK
National Customer Solution Specialist Sales Retail and Wholesale 756,700 SEK
National Sales Manager Sales Retail and Wholesale 1,224,800 SEK
Outside Sales Representative Sales Retail and Wholesale 459,300 SEK
Parts Salesperson Sales Retail and Wholesale 345,700 SEK
Project Development Manager Sales Retail and Wholesale 704,300 SEK
Project Manager Sales Retail and Wholesale 747,400 SEK
Project Sales Executive Sales Retail and Wholesale 683,400 SEK
Purchasing and Sales Executive Sales Retail and Wholesale 1,037,600 SEK
Quotation Engineer Sales Retail and Wholesale 357,300 SEK
Regional Sales Director Sales Retail and Wholesale 1,172,800 SEK
Regional Sales Manager Sales Retail and Wholesale 1,122,900 SEK
Relationship Manager Sales Retail and Wholesale 778,900 SEK
Retail Merchandiser Sales Retail and Wholesale 263,200 SEK
Retail Operations Manager Sales Retail and Wholesale 687,100 SEK
Retail Sales Associate Sales Retail and Wholesale 496,100 SEK
Retail Sales Representative Sales Retail and Wholesale 401,300 SEK
Retail Salesperson Sales Retail and Wholesale 381,800 SEK
Retail Store Manager Sales Retail and Wholesale 692,500 SEK
Retail Store Sales Person Sales Retail and Wholesale 361,600 SEK
Revenue Manager Sales Retail and Wholesale 659,200 SEK
Sales Account Manager Sales Retail and Wholesale 768,900 SEK
Sales Admin Executive Sales Retail and Wholesale 877,300 SEK
Sales Administration Manager Sales Retail and Wholesale 854,300 SEK
Sales Analyst Sales Retail and Wholesale 675,200 SEK
Sales Assistant Sales Retail and Wholesale 268,900 SEK
Sales Associate Sales Retail and Wholesale 340,400 SEK
Sales Consultant Sales Retail and Wholesale 524,700 SEK
Sales Coordinator Sales Retail and Wholesale 376,800 SEK
Sales Development Representative Sales Retail and Wholesale 457,300 SEK
Sales Director Sales Retail and Wholesale 1,089,400 SEK
Sales Engineer Sales Retail and Wholesale 411,400 SEK
Sales Executive Sales Retail and Wholesale 701,400 SEK
Sales Manager Sales Retail and Wholesale 983,100 SEK
Sales Officer Sales Retail and Wholesale 382,600 SEK
Sales Planner Sales Retail and Wholesale 596,100 SEK
Sales Planning Analyst Sales Retail and Wholesale 627,900 SEK
Sales Representative Sales Retail and Wholesale 372,600 SEK
Sales Service Associate Sales Retail and Wholesale 348,300 SEK
Sales Specialist Sales Retail and Wholesale 563,300 SEK
Sales Supervisor Sales Retail and Wholesale 605,700 SEK
Sales Support Sales Retail and Wholesale 271,300 SEK
Sales Support Manager Sales Retail and Wholesale 566,900 SEK
Sales Team Leader Sales Retail and Wholesale 578,500 SEK
Sales Trainer Sales Retail and Wholesale 641,900 SEK
Securities Sales Agent Sales Retail and Wholesale 620,300 SEK
Shipper / Receiver Sales Retail and Wholesale 272,800 SEK
Shop Manager Sales Retail and Wholesale 653,200 SEK
Store Development Administrator Sales Retail and Wholesale 459,700 SEK
Territory Sales Manager Sales Retail and Wholesale 908,200 SEK
Territory Sales Representative Sales Retail and Wholesale 516,100 SEK
Trade Marketing Officer Sales Retail and Wholesale 626,800 SEK
Treasury Officer Sales Retail and Wholesale 559,000 SEK
Vice President Sales Sales Retail and Wholesale 884,700 SEK
Visual Merchandiser Sales Retail and Wholesale 311,700 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 712,100 SEK
Malmo 623,700 SEK
Stockholm 792,900 SEK

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