Financial analyst salary

Working as a Financial Analyst: A Deep Dive into Salary and Working Conditions

Financial analysts are professionals who attract many individuals with an interest in economics and finance. It is a role that involves analyzing financial data, providing investment advice, and assisting companies in making strategic decisions. But what does it actually mean to work as a financial analyst, and perhaps more importantly, what does the salary landscape look like?

What Does a Financial Analyst Earn?

One of the most frequent questions I receive is about the salary of financial analysts. The average salary for a financial analyst is 68 500 kronor per month. However, there is a certain gender pay gap, with men earning an average of 71 000 kronor compared to 63 500 kronor for women. Therefore, women earn 89% of what men do in this profession. For those who are hourly employees, the average wage is 412 kronor per hour, based on 166 working hours per month.

Salary Disparities

The salary landscape for financial analysts can vary depending on various factors such as sector, educational level, and experience. The highest salary for a financial analyst is 71700 kronor, held by a man working as a private sector employee with a post-secondary education of three years or more. On the other hand, the highest salary for a woman in the same profession is 63 500 kronor. On the lower end of the salary range, we find a woman in the public sector earning 52300 kronor and a man earning 58600 kronor.

Salary Development

It is also interesting to note that the average salary for financial analysts has increased from 66 800 to 68 500 kronor since the last measurement. This may indicate a positive trend for those working in the field.

Job Responsibilities and Duties

As a financial analyst, one works on reviewing and analyzing financial information to assist companies and individuals in making well-informed financial decisions. This can involve everything from analyzing market trends, evaluating a company's financial strength, to providing investment advice. Financial analysts, investment advisors, traders, fund managers, and finance brokers all fall under this professional category.

Education and Qualifications

To become a financial analyst, typically a post-secondary education in economics, finance, or a related field is required. Many employers prefer candidates with a bachelor's degree or higher, along with relevant work experience. Certifications such as the CFA (Chartered Financial Analyst) can also provide advantages in the job market.

Working Conditions and Benefits

The working hours for financial analysts are often traditional office hours but can vary depending on the employer and job responsibilities. Some companies offer the opportunity to work from home, which can be an attractive benefit for many. Other potential benefits may include paid training and a company-provided mobile phone.

Future Prospects and Job Market

According to labor market forecasts, the job prospects for financial analysts and finance brokers are considered moderate nationally. Over a five-year period, demand is expected to remain unchanged, indicating a balance in the recruitment situation. This may mean that competition for jobs could be moderate, but there are still good opportunities for those with the right qualifications and experience.

Summary of Job Opportunities

• Job opportunities are considered moderate.
• Demand is expected to remain unchanged over a five-year period.
• The recruitment situation is characterized by balance.

Working as a financial analyst can be a rewarding career for those with an interest in economics and finance. With the right education and experience, one can expect a competitive salary and opportunities for career advancement within the field.