Consultant, finance salary

Working as a Consultant in Finance

Working as a consultant in finance involves providing expertise and advice on financial matters to companies and organizations. Consultants in this field analyze financial data, advise on cost reduction, improve efficiency, and assist with strategic planning. It is a dynamic role where analytical skills and good communication skills are crucial.

Salary for Consultants in Finance

As a consultant in finance, you can expect an average salary of 53 200 SEK per month. However, there are differences based on gender, with men earning an average of 58 100 SEK, while women earn 49 900 SEK. This means that women earn 86% of men's salary. For consultants paid hourly, the average hourly wage is 320 SEK, based on a month with 166 working hours.

There are also variations in salary based on education level and workplace. The highest salary in the profession, which is 61,800 SEK, belongs to a man with a post-secondary education of three years or more working as a private sector employee. For women, the highest salary is 53,100 SEK. On the other hand, the lowest salary for women is 43,000 SEK and for men is 43,500 SEK, both working as private sector employees with a maximum of two years of high school education.

Education and Requirements

To become a consultant in finance, a post-secondary education in finance, business administration, or a related field is usually required. Many consultants have a bachelor's degree as a minimum, but a master's degree can enhance opportunities for more advanced assignments and higher pay.

In addition to formal education, developing a strong business understanding and analytical skills is important. Experience in financial roles and knowledge of relevant IT tools and software are also advantageous for success in the role.

Working Conditions and Benefits

Working conditions for consultants in finance can vary depending on the employer and client assignments. Many consultants have the opportunity to work flexibly and remotely, which can be an attractive benefit. Other common benefits include paid training, mobile phones and computers, as well as health and retirement offerings.

Future Outlook and Competition

According to forecasts from the Public Employment Service, the opportunities to find work as a business economist are considered moderate at the national level. The recruitment situation for business economists is expected to be balanced, with demand expected to remain unchanged over a five-year period.

It is important for prospective consultants to be aware that competition can be tough. Developing a strong network, specializing in a particular area, and staying updated on the latest trends and technologies in finance can be crucial for success in the career.

Summary

Working as a consultant in finance offers an exciting and varied career path with opportunities to influence a company's financial health and future. With an average monthly salary of 53 200 SEK, there are good prospects for a stable and lucrative career. However, it is important to be aware of gender-based wage disparities and the requirements for education and experience to succeed in the profession.