Consultant, finance

What does a consultant in finance do? – Tasks and work environment

A consultant in finance works with analyzing financial markets, providing investment advice, and supporting companies or private individuals in financial decisions. The tasks often include evaluating investments, risk analysis, portfolio management, and preparing reports and presentations for clients or management. The consultant may also assist in corporate acquisitions, capital raising, and strategic financial decisions. The work is typically performed in an office environment, often at banks, advisory firms, or larger consultancy companies, where the pace can be high and deadlines recurring.

Salary development over time

Over the past three years, salary development for finance consultants has been clearly positive. In 2022, the average salary was 66,800 SEK per month, which increased to 68 500 SEK in 2023 and further to 73 100 SEK in 2024. This represents a total increase of approximately 9.4% over the period, with the largest rise between 2023 and 2024. This development reflects a strong demand for qualified financial expertise, as well as increased complexity within the industry that demands higher analytical and advisory skills. At the same time, competition for experienced specialists has helped push up salary levels, especially in metropolitan areas where the financial sector is most concentrated.

Consultant, finance salary – comprehensive overview

• Average salary: 73 100 SEK/month
• Lowest salary: 47,200 SEK/month (female), 61,000 SEK/month (male)
• Highest salary: 76,800 SEK/month (male), 69,000 SEK/month (female)
• Hourly wage (average): 440 SEK
• Gender differences: Women earn 87% of men's salary (men 76 100 SEK/month, women 66 300 SEK/month)
• Regional differences: Higher salaries in major cities, especially Stockholm

Education and qualifications

To work as a finance consultant, a post-secondary education in economics, finance, or related fields is generally required. Many employers prefer candidates with at least a bachelor's degree, often supplemented with relevant certifications and work experience. Internships and trainee programs are common entry routes into the industry, along with further training in specific finance areas.

• Economics degree: Bachelor (3 years) or master (5 years)
• Certifications: CFA, FRM, SwedSec, or equivalent
• Internship/Trainee: Common in larger banks and consultancy firms
• Prerequisites: Strong mathematical and analytical skills
• Further education: Courses in financial analysis, portfolio management, risk management

Common benefits and compensations

In addition to base salary, finance consultants often receive performance-based bonuses, occupational pension, wellness contributions, and private health insurance. Flexible working hours, remote work options, and subsidized training and certification programs are also common. Senior roles may include stock options or profit sharing.

Competition and challenges

Competition for the most attractive assignments and services within financial advisory is intense, especially in metropolitan areas where demand for qualified consultants is strongest. Employers also set high demands on formal education and documented experience. Rapid technological development and changing regulations require continuous training and adaptability. The industry is also sensitive to economic fluctuations, which can affect workload and advancement opportunities. Success requires resilience and a strong interest in financial markets.

Tips for those wanting to become a finance consultant

To succeed as a finance consultant, it’s beneficial to combine analytical sharpness with strong communication skills, as the work often involves explaining complex relationships to clients and colleagues. A structured approach and stress management skills are important, especially when markets move quickly and decisions must be made under time pressure. Building a network early, for example through internships or trainee programs, provides valuable contacts and industry insight. Continuous further education, such as certifications or courses in relevant finance areas, is recommended to stay competitive. Curiosity and interest in external analysis facilitate quick adaptation to new trends and regulations. Finally, integrity and accuracy are crucial, as the role often involves a high level of trust from both employers and clients.

Key facts about Consultant, finance

• Educational level: Post-secondary degree, often bachelor’s or master’s
• Work environment: Office-based, fast-paced with deadlines
• Work form: Consulting assignments, often at banks or advisory firms
• Demand: Moderate opportunities for nationwide employment
• Special skills: Financial analysis, risk assessment, investment advice

Career paths and future prospects

After three to five years in the profession, opportunities open up for more specialized roles such as senior financial analyst, portfolio manager, or project leader for larger client assignments. Some choose to advance into managerial roles, for example as team leaders or partners in consulting firms. According to the Swedish Public Employment Service’s forecast for financial analysts and brokers, the prospects for employment are moderate, and demand is expected to remain unchanged over the next five years. The industry is characterized by a balance between supply and demand, with a total of 758 job openings in the profession at the latest count. International career opportunities are also common for those with the right profile and language skills within the financial sector.

Frequently asked questions about Consultant, finance

• What does a Consultant, finance earn?
  - The average salary is 73 100 SEK per month, but varies greatly depending on experience, gender, and employer.
• What education is required to become a finance consultant?
  - A post-secondary degree in economics or finance, often complemented with certifications such as CFA or SwedSec.
• How do gender differences in salaries look?
  - Women earn on average 87% of what men do in the profession.
• Are there regional salary differences?
  - Yes, the highest salaries are found in major cities like Stockholm where demand for finance consultants is greatest.
• What career paths are available after a few years in the profession?
  - Opportunities include becoming a senior analyst, portfolio manager, or manager within the consulting industry.
• What are the future prospects?
  - The forecast remains unchanged, with moderate opportunities for employment nationwide over the next five years.
• What influences salary the most?
  - Factors such as experience, education level, gender, and geographic location of the workplace influence salary levels.