Credit rating salary

Credit Assessor Role and Responsibilities

As a credit assessor, you play a central role in the financial sector, usually within banks, where you are responsible for analyzing and assessing the creditworthiness of individuals and companies. This involves evaluating loan applications, reviewing financial reports and customers' creditworthiness, and making decisions on approval or rejection of loan applications. Having analytical skills, attention to detail, and good communication skills are crucial to succeed in this role.

Salary for a Credit Assessor

Working as a credit assessor can be financially rewarding. The average salary for the profession is 44 200 Swedish kronor per month, which is an increase from the previous 42 500 kronor. However, there are differences between genders; men earn an average of 49 600 kronor while women earn 40 600 kronor. This means that women in the profession earn approximately 82% of what men do.

Highest and Lowest Salaries

The highest salary for a credit assessor is 56,600 kronor, which applies to a man with a post-secondary education of three years or more working as a private sector employee. For women in the same profession, the highest salary is 44 200 kronor. On the other hand, the lowest salary for a credit assessor is 37,300 kronor, belonging to a woman with pre-secondary education, while the equivalent salary for a man is 41,500 kronor.

Hourly Wage

For those working as hourly credit assessors, the average hourly wage is 266 kronor, based on 166 working hours per month.

Education and Qualifications

To become a credit assessor, a post-secondary education in economics, finance, or related fields is usually required. A bachelor's degree is often a requirement, but some employers may also require a master's degree depending on the workplace's requirements and responsibilities.

Future Prospects and Job Market

According to the Swedish Public Employment Service's forecasts, the opportunities for employment as a credit assessor are considered medium nationally. Over a five-year period, demand is expected to remain unchanged, indicating stability in the profession. The current recruitment situation is balanced, meaning there is an equilibrium between supply and demand in the job market.

Working Conditions and Benefits

Credit assessors usually work in offices, but the possibility of remote work may exist depending on the employer's policy. Some companies also offer benefits such as paid training to promote employees' professional development. Additional benefits may include flexible working hours and access to modern technology to facilitate job tasks.

Challenges in the Profession

Working as a credit assessor requires staying updated on changes in the financial market and regulations. Another area that may pose challenges is making objective decisions based on available information, which demands precision and integrity in assessments.

Summary

Working as a credit assessor offers a stable career with competitive salaries, especially for those with post-secondary education. Despite gender wage disparities, the profession provides opportunities for professional development and advancement. For those interested in finance and with an analytical mindset, this profession can be both challenging and rewarding.