Economy consultant

What does an Economic Consultant do? – Tasks and Work Environment

An Economic Consultant analyzes, develops, and improves financial processes for companies and organizations. Tasks often include advising on accounting, budgeting, financial management, reporting, and sometimes taxation or financing. A common role is assisting clients in interpreting financial reports and developing strategies for more efficient resource use. The environment is typically office-based, but assignments may involve work at client sites, offering variety and networking opportunities across industries. The work requires strong analytical skills, good collaboration, and the ability to communicate complex economic concepts clearly.

Salary Development Over Time

Salaries for Economic Consultants have shown a clear upward trend in recent years. In 2022, the average salary was 52,700 SEK per month, which increased slightly to 53 200 in 2023. Between 2023 and 2024, there was a larger jump to 56 900, a rise of over 7% in one year. This salary development can be linked to increased demand for qualified financial advisors as companies face greater complexity and need for efficiency. Market demands for digital skills and strategic advice have also contributed to salary increases. The profession is quite broad, leading to significant variation depending on experience, sector, and education level.

Economic Consultant Salary – Complete Overview

• Average salary: 56 900 SEK/month
• Lowest salary: 41,400 SEK/month
• Highest salary: 66,000 SEK/month
• Hourly wage (average): 342 SEK
• Gender differences: Men 61 800 SEK, Women 53 300 SEK (women earn 86% of men's salary)
• Regional differences: Salary levels may vary depending on region and labor market demand

Education and Qualifications

To work as an Economic Consultant, a university degree in economics is typically required, such as a bachelor's or master's degree from a university or college. Many employers also value additional certifications or experience with specific financial systems. Internships or trainee programs often provide an advantage, and advanced knowledge in accounting, finance, or auditing is meritorious. Entry requirements can vary, but strong analytical skills and good communication abilities are always beneficial.

• Bachelor's degree in economics: 3 years at university or college
• Master's degree (optional): 1–2 additional years, providing deeper expertise
• Certifications: Examples include authorized accountant, accounting economist, or project manager
• Internships/Trainee programs: Common and often advantageous
• Courses in financial systems: e.g., SAP, Visma, or Fortnox
• Prerequisites: Basic eligibility and often mathematics skills

Common Benefits and Compensation

Economic Consultants are often offered competitive benefits beyond base salary, such as occupational pension, wellness allowances, bonus programs, and the possibility of remote work. Additional perks can include mobile phones, laptops, training allowances, and sometimes extra vacation or company cars, depending on the employer and seniority.

Competition and Challenges

The competition within the profession of Economic Consulting is significant, especially in metropolitan regions where many qualified economists seek positions with attractive employers. To stand out, specialization in areas such as digitalization, sustainability, or international accounting is often necessary. Challenges can also arise from rapid changes in laws and regulations, requiring ongoing professional development. Balancing project work and client contact demands flexibility and resilience, and periods of high workload are common. However, demand for qualified financial advisors remains stable, offering good prospects for career development for those staying updated.

Tips for Aspiring Economic Consultants

To succeed as an Economic Consultant, it is important to combine diligence with a desire to understand clients' businesses deeply. An analytical mindset helps solve complex financial challenges, while communication skills facilitate collaboration with colleagues and clients. Flexibility and adaptability to different industries are advantageous, as is an interest in digital tools and systems. Engagement and responsibility are valued by employers, and being proactive and keeping up with industry developments is crucial. Demonstrating initiative and having a structured work approach often leads to greater trust and responsibility in the role.

Key Facts about Economic Consultants

• Educational level: Bachelor's degree in economics (at least 3 years)
• Work environment: Office-based, often with varied client assignments
• Demand: 758 available jobs nationwide in the profession
• Gender salary gap: Women earn 86% of men's salaries
• Typical working arrangement: Consulting assignments via agency or as an employee

Career Paths and Future Outlook

After three to five years as an Economic Consultant, it is common to advance to more senior roles such as project manager, accounting specialist, financial advisor, or head of a consulting team. Some choose to start their own consulting business, while others move into leadership positions within finance departments of larger companies. According to the Swedish Public Employment Service's forecast for the broader group of economists, job opportunities are moderate and the recruitment situation is balanced. Demand is expected to remain stable over the next five years, providing steady prospects for those wishing to develop within the field. Skills in digital tools, international project experience, and specialization in areas like sustainability reporting can enhance career prospects.

Frequently Asked Questions about Economic Consultants

• What does an Economic Consultant earn?
  - An Economic Consultant has an average salary of 56 900 SEK per month, but this varies based on experience, gender, and region.
• What is required to become an Economic Consultant?
  - A university degree in economics, preferably complemented by certifications and practical experience, is usually necessary.
• What is the work environment like for Economic Consultants?
  - The environment is mostly office-based, but travel and client site work are common depending on assignments.
• Are there large salary differences between men and women?
  - Yes, women earn on average 86% of what men do in the profession of Economic Consulting.
• What are the future prospects for Economic Consultants?
  - The outlook is stable with moderate opportunities and demand expected to remain unchanged over the next five years.
• What career paths are available after a few years in the profession?
  - Common steps include senior consultant, finance manager, or starting your own consulting firm.
• What does the regional distribution of jobs look like?
  - The highest number of vacancies is in major metropolitan areas, but opportunities exist nationwide.