Business Controller salary

Occupational Profile: Business Controller

Business Controller, or Controller, is a key role within business administration and management. This position involves responsibility for financial planning, budgeting, and forecasting. A Business Controller analyzes the company's financial performance, identifies trends, and provides recommendations to improve financial performance and support strategic decisions.

Salary and Salary Development

The average salary for a Business Controller in Sweden is currently 54 700 SEK. However, there is a noticeable difference between genders, with men earning an average of 58 900 SEK and women earning 52 000 SEK, which means that women earn 88% of what men do. The salary for Business Controllers has increased from 52 600 SEK to 54 700 SEK since the last measurement, indicating a positive salary development within the profession.

Education and Qualifications

To work as a Business Controller, a higher education degree in economics, business administration, or finance is usually required. Many employers prefer candidates with a master's degree or equivalent experience in related fields. Key skills include analytical ability, expertise in financial reporting, and a good understanding of financial databases and IT systems. Continuous professional development is important, and many companies offer paid courses and certifications to keep their employees up to date with the latest trends and techniques in financial management.

Job Market and Career Opportunities

The job market for Business Controllers is robust, with opportunities in a variety of sectors including manufacturing, trade, and the public sector. The role can also serve as a stepping stone to higher positions in finance, such as CFO (Chief Financial Officer) or other senior financial positions. Success in this role requires continuous updating of knowledge and an ability to adapt to changing economic conditions.

What Does the Job Entail?

A Business Controller spends a lot of time analyzing financial data and reports. They prepare budgets, conduct cost analysis, and develop financial models. They also work closely with other departments to understand business processes and contribute to optimizing them. Effective communication skills are crucial, as they must be able to explain complex financial concepts and recommendations to non-financial colleagues.

Additional Benefits

Many companies offer benefits specifically tailored to the role of Business Controller. These may include bonuses based on company financial performance, opportunities for flexible work, paid further education, and professional memberships. These benefits are designed to support continuous professional development and contribute to job satisfaction and motivation.

Considerations for Aspiring Business Controllers

If you are considering a career as a Business Controller, it is important to have a strong foundation in economics and a willingness to constantly learn and develop. The ability to work under pressure, attention to detail, and a proactive attitude are also important qualities. Networking with others in the field and staying informed about industry-specific challenges can also be beneficial for career development.