Salaries were increased as follows: 

In the Helsinki economic area
median income EUR 6,000/month             
+4.9% compared to the previous year 

In the rest of the country
median income EUR 5,179/month             
+4.02% compared to the previous year 

In the private sector
median income EUR 5,800/month             
+5.07% compared to the previous year 

In the government sector
median income EUR 5,200/month             
+2% compared to the previous year 

In the municipal sector
median income EUR 5,200/month             
+4% compared to the previous year 

The general increase brings ‘interest on interest’ 

More business school graduates had received a salary increase than before. Now 78% of respondents say their salary has risen in the past year, compared to 72% a year ago.  

This phenomenon is caused by general increases in collective agreements. Well over half, 65%, had received a salary increase due to the general increase. Last year, the corresponding figure was 54%, and one year back, 48%.  

‘If 25,000 business school graduates had each tried to negotiate at least a 3.5% pay rise for themselves, would they have succeeded? The general increases have had a big impact on the pay packet of business school graduates year after year. With last year’s inflation figures, purchasing power would have waned briskly without the general increases’, says Labour Market Director Riku Salokannel. 

Background information 

•  4,364 respondents 
• provides a cross-section of the salary level of the members of Suomen Ekonomit 
• the survey asked about the income of those in full-time employment in October 2023 (incl. fringe benefits) 
• 53% of respondents were experts, 18% middle management representatives and 22% in managerial positions 
• 77% of respondents worked in the private sector 
• 63% of respondents were women and 37% men 
• the average number of years of work experience of respondents was 16.7 years 

Member, recent payroll data has now been updated to the Salary Radar

In the salary radar, you can view up-to-date pay levels by position, job function, industry, workplace location and number of employees, for example.