Finance manager, M.Sc.

What does a finance manager, business economist do? – Tasks and work environment

A finance manager with a background in business economics is responsible for the company's financial management, reporting, and analysis. Tasks often include budgeting, financial statements, ongoing accounting, and financial follow-up, as well as acting as a sounding board for the management team in strategic issues. The role requires both analytical skills and good communication abilities, as finance managers often serve as a link between the finance department and other parts of the organization. The work environment is usually office-based, with digital tools, and demands integrity, accuracy, and the ability to handle periods of high workload.

Salary development over time

The salary for finance managers with a business economics degree has shown a stable and positive trend over the past three years. In 2022, the average salary was 47,800 SEK per month, which increased to 48 200 SEK in 2023. In 2024, the average salary has reached 50 300 SEK per month, representing an increase of approximately 5.2% from 2022 to 2024. This trend reflects a continued high demand for qualified economists, combined with an increased focus on strategic financial work in both private and public sectors. Salary development is also influenced by factors such as work experience, education level, and geographic location. The market increasingly seeks finance managers capable of combining accounting skills with business development, which also drives salary growth.

Finance manager, business economist salary – comprehensive overview

• Average salary: 50 300 SEK/month
• Lowest salary: 39,500 SEK/month
• Highest salary: 56,300 SEK/month
• Hourly wage (average): 303 SEK
• Women earn: 48 100 SEK/month (89% of men's salary)
• Men earn: 54 000 SEK/month
• Regional differences: May occur, with higher salaries in metropolitan areas

Education and qualifications

A finance manager with a business economics profile typically holds an academic degree in economics, often from a university or college. The education is usually combined with practical experience in accounting, auditing, or controlling. Advancement in the profession often requires further education and specialized knowledge in business analysis, taxation, and leadership.

• Business economics degree: 4 years (240 credits) from university/college
• Relevant internships: Recommended during studies
• Courses/certifications: Accounting, auditing, business law
• Prerequisites: High school diploma with a focus on economics, Mathematics B
• Further education: Possible through master's programs or shorter courses

Common benefits and compensation

Finance managers are often offered benefits such as occupational pension, wellness allowance, flexitime, and remote work options. Additionally, bonus programs, professional development, and extra vacation days may be available, especially in larger companies and organizations. The scope of benefits varies depending on the employer and industry.

Competition and challenges

The competition for positions as a finance manager is generally high, especially in attractive regions and larger companies. At the same time, there is a continuous need for qualified economists, making the job market relatively stable. Difficulties may arise when recruiting senior candidates with specific industry knowledge or experience in complex financial management. A challenge in the profession is staying updated on changes in legislation and digitalization, as well as balancing operational and strategic work. The ability to communicate financial information to non-economists is also crucial for success in the role.

Tips for those who want to become a finance manager, business economist

To succeed as a finance manager, business economist, it is good to combine analytical skills with a strong sense of structure and precision. Building broad competence in both accounting and business development provides better opportunities for advancement. Being communicative and pedagogical, especially when explaining complex figures to others in the organization, is valuable. Showing initiative and willingness to take responsibility for new projects increases the chances of gaining trust. A genuine interest in new technology and digital tools is an advantage, as financial work becomes increasingly automated. Collaboration skills and humility regarding others’ expertise make it easier to build relationships and lead teams. Finally, continuous professional development and networking are important for staying ahead in the career.

Key facts about a finance manager, business economist

• Education level: Business economics degree (4 years)
• Work environment: Office-based, often digitalized
• Demand: Large opportunities for employment nationwide
• Typical work form: Full-time, sometimes flexible hours
• Profession group: Auditors etc. (758 job openings in Sweden)

Career paths and future prospects

After three to five years in the role of a finance manager, there are opportunities to advance to positions such as finance director, controller, CFO, or management consultant in financial management. According to the Swedish Public Employment Service's forecast, the prospects for employment within the profession are strong even over five years, with stable demand. The recruitment situation is characterized by both difficulties in finding the right skills and some mobility, as many leave the profession for other challenges. There are also good opportunities for specialization in areas such as taxation, auditing, or digital financial management, depending on interests and experience.

Frequently asked questions about a finance manager, business economist

• What does a finance manager, business economist earn?
  - The average salary is 50 300 SEK per month, with variations depending on gender, experience, and region.
• What education is required to become a finance manager?
  - A business economics degree (4 years) from a university or college is most common, often supplemented with internships and further education.
• Are there gender differences in salary?
  - Yes, women earn on average 48 100 SEK while men earn 54 000 SEK, which means women earn 89% of men's salaries.
• What is the job market like for finance managers?
  - Opportunities for employment are large nationwide, with approximately 758 job openings within the profession.
• What are the most common benefits?
  - Occupational pension, wellness allowance, flexitime, remote work options, and bonus programs are common benefits.
• What are the highest and lowest salaries in the profession?
  - The highest salary is 56 300 SEK and the lowest is 39 500 SEK per month.
• What career paths are available after a few years in the profession?
  - Common paths include becoming a finance director, controller, CFO, or management consultant in financial management.