Budget Advisor salary

Working as a Budget Advisor

Working as a budget advisor involves helping individuals and businesses gain control over their finances. This includes providing advice on budgeting, managing debts, and saving money. As a budget advisor, you fall into the category of "Other Economists" and play a crucial role in supporting clients in their financial decisions.

Salary for a Budget Advisor

A budget advisor has an average monthly salary of 53 200 SEK. However, there is a gender pay gap where men earn an average of 58 100 SEK while women earn 49 900 SEK, meaning women earn 86% of what men do in the same profession. For hourly budget advisors, the average hourly wage is 320 SEK, based on an average of 166 working hours per month.

Salary Range and Salary Development

The highest salary for a budget advisor is 61,800 SEK, a salary belonging to a man working as a private sector employee with a post-secondary education of three years or more. For women in the same profession, the highest salary is 53,100 SEK. On the other end of the spectrum, the lowest salary for a budget advisor is 43,000 SEK, for a woman with a maximum of two years of high school education. For men, the lowest salary is 43,500 SEK. It is also worth noting that the average salary for budget advisors increased from 52 700 SEK to 53 200 SEK since the last measurement.

Education and Qualifications

To work as a budget advisor, a post-secondary education in economics or a related field is usually required. Many employers also value practical experience in financial advising or budget planning. It is important to have good communication skills and the ability to analyze financial data and develop strategies tailored to the client's needs.

Working Conditions and Benefits

Working as a budget advisor may involve working both in an office and remotely depending on the employer's policy. In some cases, there may be opportunities for flexible working hours and paid training to stay updated in the field. It is not uncommon for budget advisors to have benefits such as company-paid mobile phones or computers, especially if the job requires a lot of client interaction.

Future Outlook and Job Market

According to forecasts from the labor market authorities, the job prospects for budget advisors are considered moderate. Nationally, the demand for business economists, of which budget advisors are a part, is expected to remain unchanged over the next five years. The recruitment situation for business economists is characterized by balance, indicating a fair match between supply and demand in the job market.

Challenges in the Profession

Working as a budget advisor involves handling clients' financial problems, which can be stressful and require empathy and patience. One of the biggest challenges is finding solutions that are both realistic and effective in helping clients achieve their financial goals. It is also important to stay updated on new financial products and services to provide current and accurate advice.

Summary

Working as a budget advisor is a rewarding profession for those who want to help others improve their financial situation. With an average monthly salary of 53 200 SEK and a relatively stable job market, the profession offers a balance between financial security and career development. For those interested in finance and with good analytical skills, a career as a budget advisor can be an excellent choice.