Financial analyst salary

Occupational Profile: Financial Analyst

Financial analysts play a crucial role in the finance sector by analyzing economic data, trends, and creating forecasts to assist companies and investors in making well-informed decisions. They often work for banks, investment firms, and financial advisory companies.

Education and Qualifications

To become a successful financial analyst, a bachelor's degree in economics, finance, statistics, or related fields is usually required. Many employers also value practical experience, which can include internships or work in the finance sector. Holding certifications such as Chartered Financial Analyst (CFA) is also advantageous.

Salary and Income Disparities

The average salary for a financial analyst in Sweden is 66 800 SEK per month. However, there is a noticeable wage gap between genders, with men earning 71 000 SEK on average while women earn 58 500 SEK, meaning that women earn 82% of what men do. This highlights a salary disparity that is important to acknowledge and address within the industry.

Salary Development

The salary for a financial analyst has slightly decreased compared to the previous year, from 68200 SEK to 66 800 SEK. This change may be due to several factors, including market conditions and economic fluctuations.

Job Responsibilities and Areas of Accountability

A financial analyst is responsible for gathering and analyzing financial information ranging from company reports to global economic indicators. They must be able to interpret complex data to predict economic trends and provide advice based on these analyses. Analysts' reports are used to guide investment decisions and strategic plans.

Considerations

For those interested in working as financial analysts, it is important to be prepared for a demanding work environment with high expectations for accuracy and analytical ability. It is also crucial to continuously update one's knowledge and stay informed about economic trends and new technologies in the finance world.

Benefits and Additions

Within certain organizations, financial analysts may be offered benefits such as paid further education, subsidies for mobile phones, and other technical aids that facilitate job performance. However, these benefits are not standard in all organizations and may vary depending on the employer's policy and the employee's position within the company.