CFO, business manager salary

Salary and Working Conditions for Financial Manager, Business Unit Manager

Working as a Financial Manager, Business Unit Manager involves taking significant financial responsibilities within an organization. The role requires strategic thinking and the ability to lead financial processes and teams. In this profession, individuals work on analyzing financial reports, budgeting, and long-term financial planning. It is a career that offers diverse tasks and an opportunity to influence the success of the business.

What does a Financial Manager, Business Unit Manager earn?

For those considering a career as a Financial Manager, Business Unit Manager, salary is an important factor. The average salary for this profession is 48 200 SEK per month. There is a gender pay gap in this field, where on average, men earn 50 800 SEK while women earn 46 600 SEK, meaning that women earn approximately 92% of what men do. The average hourly wage for an hourly employee is 290 SEK, based on 166 working hours per month.

Salary Range in the Profession

Salaries for Financial Managers, Business Unit Managers can vary depending on experience, education, and sector. The highest salary in the profession is 86,400 SEK, belonging to a male private sector employee with a post-secondary education of 3 years or more. The highest salary for a female is 65,400 SEK. The lowest salary for a female in the profession is 51,800 SEK, and for a male, it is 55,300 SEK.

Changes in Salary

Compared to previous measurements, the average salary for Financial Managers, Business Unit Managers has decreased from 66 300 SEK to 48 200 SEK. This could be due to several factors such as changes in economic conditions, dynamics in the job market, or restructuring processes within companies.

Education and Qualifications

To become a Financial Manager, Business Unit Manager, usually a post-secondary education in finance or related fields is required. Many employers prefer candidates with at least a bachelor's degree, but a master's degree can be an advantage. Relevant experience in finance and leadership is also highly valuable.

Future Prospects and Challenges

The future prospects for Financial Managers, Business Unit Managers are relatively stable, as the need for competent financial leaders persists in both public and private sectors. Challenges in the profession may include staying updated with changes in legislation, economic policies, and technology.

Working Conditions and Benefits

Working conditions for Financial Managers, Business Unit Managers can vary depending on the size and sector of the organization. Many workplaces offer flexible working hours, remote work options, and benefits such as paid training and work-related trips. It is not uncommon to have access to a company car or a company-paid mobile phone.

Considerations for Becoming a Financial Manager, Business Unit Manager

In addition to education and experience, good leadership skills and the ability to communicate complex financial concepts in a simple manner are required. It also requires the ability to make quick and well-founded decisions. Being proactive and able to handle stressful situations are other important qualities.