Salary progression Econometrician

Average salary 61 000 kr
Males 63 800 kr
Females 58 300 kr

What does an econometrician do? – Tasks and work environment

An econometrician works with analyzing, modeling, and interpreting economic data to draw conclusions about socio-economic relationships. Tasks often include developing statistical models, conducting advanced data analyses, and making forecasts that support decision-making in both public and private sectors. Much of the work is done in close collaboration with other economists, analysts, and researchers. The work environment is typically office-based, with access to advanced analysis tools and computer programs, characterized by high focus, precision, and demands on analytical skills.

Salary development over time

The salary for an econometrician has steadily increased in recent years. In 2022, the average salary was 47,800 SEK per month, rising to 57 100 SEK in 2023 and further to 61 000 SEK in 2024. This corresponds to a total salary increase of approximately 19.4% over three years. A key driver behind this positive salary development is increased demand for advanced economic analysis in both business and public sectors, as well as the growing importance of data analysis and digitalization. Competition for qualified candidates with deep mathematical and statistical expertise has also contributed to pushing up salary levels for the profession.

Econometrician salary – comprehensive overview

  • Average salary: 61 000 SEK/month
  • Lowest salary: 41,300 SEK/month (female, private sector employee, high school education)
  • Highest salary: 65,200 SEK/month (male, private sector employee, unspecified education level)
  • Hourly wage: 343 SEK
  • Women earn: 58 300 SEK (91% of men's salary of 63 800 SEK)
  • Regional differences: Data on regional salary differences are unavailable

Education and qualifications

Econometricians generally have an academic background in economics, mathematics, or statistics, often at an advanced level. The education includes both theoretical and practical components in economic modeling, programming, and data analysis. To be competitive in the job market, a master's degree is often required, but additional courses or certifications in statistics and programming are also common.

  • Formal degree: Master’s degree in economics, statistics, or mathematics (5 years)
  • Certifications/courses: Examples include SAS, R, Python, or advanced statistics
  • Internship/Trainee: Meritorious and common in larger companies or government agencies
  • Prerequisites: Strong mathematical and statistical foundation, often from technical or science high schools
  • Self-study/online: Supplementary courses in programming and data management are common

Econometricians often work in interdisciplinary teams and are expected not only to master advanced analysis tools but also to communicate their results pedagogically to decision-makers without technical backgrounds. This combination of technical and communicative skills makes the profession both challenging and stimulating.

– statsskuld.se

Common benefits and compensations

Econometricians are often offered competitive benefits such as occupational pension, private health insurance, and wellness allowances. Other common compensations may include bonus opportunities, flexible working hours, and opportunities for professional development through courses or conferences. Many employers in both public and private sectors also emphasize work-life balance.

Competition and challenges

The competition for positions as an econometrician is relatively high, especially at the most attractive workplaces and in larger cities. Challenges often include staying updated with rapidly changing software and analysis methods, as well as translating complex models into useful decision support. Since the profession requires both deep technical knowledge and good communication skills, candidates often need to demonstrate experience in analysis work and project collaboration. Additionally, digitalization and automation mean that tasks are constantly evolving, requiring continuous learning.

Tips for aspiring econometricians

To succeed as an econometrician, it is beneficial to have strong analytical skills and a genuine interest in statistics and mathematics. Building programming skills early, for example in R or Python, provides an advantage and makes it easier to handle advanced data analysis. Precision and persistence are important qualities, especially when dealing with large datasets and complex models. Teamwork skills are also crucial, as much of the work is done in teams with other specialists. Finally, being pedagogical and able to explain technical results to non-specialists is an asset—this communicative ability is highly valued by employers.

Key facts about Econometricians

  • Educational level: Master’s degree in economics, statistics, or mathematics
  • Work environment: Office-based, often in interdisciplinary teams
  • Demand: High in both public and private sectors
  • Special skills: Advanced data analysis, programming, economic modeling
  • Work form: Project-based and analytical work

Career paths and future prospects

After three to five years in the profession, an econometrician can advance to roles such as senior analyst, project manager, or specialist in areas like financial modeling, macroeconomic analysis, or policy evaluation. Some choose to pursue further studies or doctoral programs to deepen their expertise. Forecasts from the Swedish Public Employment Service for the entire group of economists and macro analysts show that there are 758 available jobs, but no precise assessment of future prospects for just econometricians exists due to limited data. Overall, demand is considered stable, especially with increased digitalization and the need for advanced data analysis in both private and public sectors.

Common questions about Econometricians

  • What is the average salary of an Econometrician?
    - The average salary for an econometrician is 61 000 SEK per month.
  • What education is required to become an econometrician?
    - A master's degree in economics, statistics, or mathematics is most common.
  • Are there gender differences in salary for econometricians?
    - Yes, women earn on average 91% of what men do in the profession.
  • What are the future prospects for econometricians?
    - Demand is considered stable, but no exact forecast exists due to limited data.
  • What are the job responsibilities of an econometrician?
    - The profession involves modeling, analyzing, and interpreting economic data as well as creating decision support.
  • What are the highest and lowest salaries for econometricians?
    - The highest salary is 65,200 SEK, and the lowest is 41,300 SEK, depending on experience, education, and employment type.
  • What personal qualities are important for an econometrician?
    - Analytical ability, accuracy, teamwork, and communication skills are central qualities.

Who has the highest salary?
The highest salary for a Econometrician is 72200 kr. This salary belongs to a man working in the Privately employed officials with a post-secondary education, 3 years or more. The highest salary for a woman in this profession is 65700 kr.
Who has the lowest salary?
The lowest salary for a Econometrician is 41000 kr. This salary belongs to a woman also working in the Privately employed workers. The lowest salary for a man in this profession is 50800 kr.
Salary distributed by age and sector
Age Women's salary as a percentage of men's Base salary Monthly salary
25-34 101% 47900 kr 48200 kr
35-44 93% 59700 kr 60400 kr
45-54 94% 67300 kr 67900 kr
55-64 70700 kr 71300 kr
Snitt 91% 60500 kr 61000 kr
Salary per sector
Salary based on education
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About the data

All information displayed on this page is based on data from the Swedish Central Bureau of Statistics (SCB), the Swedish Tax Agency and the Swedish employment agency. Learn more about our data and data sources here.

All figures are gross salaries, meaning salaries before tax. The average salary, or mean salary, is calculated by adding up the total salary for all individuals within the profession and dividing it by the number of individuals. For specific job categories, we have also considered various criteria such as experience and education.

Profession Econometrician has the SSYK code 2415, which we use to match against the SCB database to obtain the latest salary statistics.

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