Business analyst salary

Introduction to the profession of Business analyst

As a Business analyst, sometimes also referred to as a Controller, you play a key role in analyzing and improving the company's financial performance. The work involves collecting, processing, and analyzing financial data to provide insights to decision-makers. The tasks can vary depending on the size and industry of the company, but often include budgeting, forecasting, reporting, and business analysis.

Salary for Business analyst

What does a Business analyst earn? That is a question many ask. To answer that, we can see that the average salary for a Business analyst is 54 700 kronor per month. There has been an increase in salary from the previous 52 600 kronor. When it comes to gender distribution, men earn an average of 58 900 kronor while women earn 52 000 kronor, which means that women earn 88% of what men do in this profession.

Hourly wage and salary range

For those who are hourly employees, the average hourly wage is 329 kronor, based on 166 working hours per month. The highest salary in the profession is 63200 kronor, and this income level belongs to a male private employee with post-secondary education of three years or more. On the other hand, the highest-paid woman earns 57300 kronor. At the lower end of the scale, we find salaries such as 41300 kronor for a woman in the public sector with a secondary education, up to two years, and 42800 kronor for a man in a similar situation.

Education and skills requirements

To work as a Business analyst, a post-secondary education in economics is often required, such as a bachelor's degree in business administration, finance, or similar. Many companies also value experience in financial analysis or related areas. Further education and certificates in specific analysis tools or methods can also be advantageous.

Job market outlook

According to forecasts from the Employment Service, the job outlook for Business analysts, or Controllers, is moderate nationwide. Over a five-year period, demand is expected to remain unchanged, indicating a balanced recruitment situation. This means that even though there is not an overwhelming demand, there is also no shortage of job opportunities in this profession.

Benefits and working conditions

A common benefit for Business analysts is the opportunity to work from home, contributing to a flexible work environment. Other benefits may include paid training to stay updated on the latest developments in financial analysis and digital tools. Working conditions are often structured with clear goals and deadlines, which may suit those who thrive on results-oriented work.

Future prospects and challenges

The future for a Business analyst looks stable, with unchanged demand over a five-year period. Despite this, competition for jobs can be tough, requiring staying updated on new technologies and methods in data analysis. The digitization and automation of financial processes mean that analytical skills and technical competence are becoming increasingly crucial.

Summary of the profession

Working as a Business analyst involves dynamic and analytical work that can be both challenging and rewarding. With a stable salary development and good job opportunities, it is an attractive profession for those interested in finance and analysis. With the right education and experience, one can expect a secure career in this field.