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How much does a bank, finance or insurance manager at level 1 earn in Sweden?

Financial and insurance managers, level 1. 2,000 people employed in Sweden.

129,000SEK

per month is the median salary for a bank, finance or insurance manager at level 1 in Sweden in 2025. That is 237% higher than the median across all jobs in the country, 38,300 SEK.

+2% since 2024

≈ €11,400 / $13,300 at September 2026 exchange rates, before tax.

That is roughly 76,927 SEK after tax in an average municipality, without the church fee.

≈ 744 SEK an hour · 1,548,000 SEK a year

The hourly figure is the monthly salary divided by 173.3 hours (40 hours a week × 52 weeks / 12 months); the yearly figure is twelve times the monthly salary.

The average salary for a bank, finance or insurance manager at level 1 in Sweden is 157,400 SEK per month (2025). The median salary is 129,000 SEK.

Figures are gross monthly salary before tax, converted to full time. Income tax in Sweden is roughly 30–34% for most earners, plus a national surtax on income above about 51,000 SEK a month.

Average pay
157,400 SEK
Mean gross monthly salary
Highest 10%
279,900 SEK
Earn more than this
People employed
2,000
In this job in Sweden

Bank/finance manager, level 1: pay in the private and public sector

What financial and insurance managers, level 1 earn depends a great deal on who the employer is.

Monthly salary by sector and gender
Sector Average pay Median pay Men Women
All sectors 157,400 SEK 129,000 SEK 143,900 SEK 113,900 SEK
Private sector 157,400 SEK 129,000 SEK 143,900 SEK 113,900 SEK

Bank/finance manager, level 1: salary after tax in Sweden

What financial and insurance managers, level 1 actually take home depends on which municipality they live in. The table shows what 129,000 SEK a month comes to after tax in a few of them.

That is roughly 76,927 SEK after tax in an average municipality, without the church fee.

129,000 SEK a month after tax, by municipality
Municipality Municipal and regional tax After tax
Average municipality 32.38% 76,927 SEK
Stockholm 30.55% 79,296 SEK
Göteborg 32.60% 76,675 SEK
Malmö 32.42% 76,880 SEK
Österåker (lowest tax) 28.93% 80,861 SEK
Dorotea (highest tax) 35.65% 73,196 SEK
  • The best paid 10% earn more than 279,900 SEK, which is roughly 148,346 SEK after tax.

Calculate the salary after tax for a bank, finance or insurance manager at level 1

The figures assume an average municipality, no church fee and an age under 66. The calculator takes your own municipality into account.

And if the job goes? Work out unemployment benefit for a bank, finance or insurance manager at level 1

Pay for men and women

Median salary for men and women
Gender 50,000 300,000 Median pay Number
Men 143,900 SEK 1,100
Women 113,900 SEK 830

Women's average salary is 76% of men's average salary in this job.

Statistics Sweden calculates the ratio on average monthly salary, while the table above shows median salaries, so the two do not line up exactly. The figure is also unadjusted: it does not account for differences in age, sector or position.

Bank/finance manager, level 1: salary by age

Pay for financial and insurance managers, level 1 normally rises with years in the job.

Monthly salary by age
Age 50,000 300,000 Average pay Men Women Number
45–54 years 169,800 SEK 186,900 SEK 145,700 SEK 810
55–64 years 182,600 SEK 191,200 SEK 169,000 SEK 470

Pay by level of education

Monthly salary by level of education
Level of education 50,000 300,000 Average pay Men Women Number
Upper secondary education 3 years (ISCED97 3A) 114,900 SEK – – 290
Post-secondary education, less than 3 years (ISCED97 4+5B) 141,700 SEK – – 230
Post-secondary education 3 years or more (ISCED97 5A) 168,500 SEK 185,700 SEK 143,900 SEK 1,300

Bank/finance manager, level 1: salary by region

Statistics Sweden reports pay by job at the level of national areas (NUTS 2), not by county.

Monthly salary by region
Region 50,000 300,000 Average pay Men Women Number
Stockholm 180,400 SEK 199,100 SEK 153,000 SEK 1,400

Bank/finance manager, level 1: pay growth 2014–2025

Median salary per year. Years with no reported median are skipped. The dashed line marks the break between the older and the newer series at Statistics Sweden; comparisons across it should be made with care.

From 92,100 SEK in 2014 to 129,000 SEK in 2025, +40% in total. Nominal figures, not adjusted for inflation. The lighter part of the line, the years before 2023, comes from an older set of statistics at Statistics Sweden and is not fully comparable with the later years.

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Swedish job titles in this occupation

Statistics Sweden files the following Swedish job titles under SSYK 1611, “chefer inom bank, finans och försäkring, nivå 1”. These are the titles you will actually meet in Swedish job ads.

  • Avdelningschef, bank, funktions- eller mellanchef
  • Bankchef, funktions- eller mellanchef
  • Fondchef, funktions- eller mellanchef
  • Kontorschef, bank, försäkring, funktions- eller mellanchef
  • Lånechef, bank, funktions- eller mellanchef
  • Regionchef, försäkringar, funktions- eller mellanchef

Frequently asked questions

How much does a bank, finance or insurance manager at level 1 earn in 2026?

The latest figures are Statistics Sweden's salary structure statistics for 2025, published on 16 June 2026. The median salary was then 129,000 SEK a month before tax, against 126,500 SEK the year before (2024) — +2%. Figures for 2026 are normally published in June 2027; until then the 2025 figures are the latest there are, and we do not project our own.

What is the median salary for a bank, finance or insurance manager at level 1 in Sweden?

The median salary for a bank, finance or insurance manager at level 1 in Sweden is 129,000 SEK per month before tax (2025). That means half earn less and half earn more. The median across all jobs in Sweden is 38,300 SEK, so financial and insurance managers, level 1 sit 237% higher than the typical job.

How much does a bank, finance or insurance manager at level 1 earn after tax?

The median salary for a bank, finance or insurance manager at level 1 is 129,000 SEK a month before tax. In an average Swedish municipality, without the church fee and for someone under 66, that works out at roughly 76,900 SEK after tax. The exact figure depends on which municipality you live in — our salary-after-tax calculator works it out.

What is the difference between average and median pay for financial and insurance managers, level 1?

The average (157,400 SEK) is the mean of every salary and is pulled upwards by the highest earners. The median (129,000 SEK) is the salary in the middle of the scale and usually gives a better picture of what financial and insurance managers, level 1 typically earn.

How high can the salary go for financial and insurance managers, level 1?

The highest-paid 10% in the job earn more than 279,900 SEK per month. Pay is shaped by sector, experience, level of education and where in the country you work.

Is there a gender pay gap among financial and insurance managers, level 1 in Sweden?

Women's average salary is 76% of men's in this job. The median salary is 143,900 SEK for men and 113,900 SEK for women. The figure is not adjusted for differences in age, sector or working hours.

Where in Sweden does a bank, finance or insurance manager at level 1 earn the most?

Pay is highest in Stockholm, where financial and insurance managers, level 1 earn 180,400 SEK per month on average.

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