Lender salary

Salary and Working Conditions for Credit Analysts

Working as a credit analyst means playing a central role in the banking and finance sector. The average salary for a credit analyst is 44 200 SEK per month. However, there is a clear gender pay gap; men earn an average of 49 600 SEK while women earn 40 600 SEK, meaning that women earn 82% of what men do. Interestingly, the average salary for credit analysts has decreased from 42 500 SEK to 44 200 SEK since the last measurement.

Job Duties and Responsibilities

As a credit analyst, also known as a banking officer, your main responsibilities include assessing and deciding on credit applications. This involves analyzing the borrower's financial situation, assets, and risks to ensure that the bank makes well-informed decisions. You will work closely with customers and other departments within the bank to ensure sound lending practices and credit risk management.

Education and Qualifications

To become a credit analyst, it is typically necessary to have an academic background in economics, finance, or business administration. Many employers also require experience in the banking or finance sector. Some skills can also be acquired through internal training programs and certifications offered by many employers. It is also advantageous to have good knowledge of credit assessment and risk evaluation.

Job Outlook

The assessment by the labor market authorities shows that the opportunities for employment as a credit analyst are moderate at the national level. Over a five-year period, demand is expected to remain unchanged, meaning that job prospects will remain stable. There is a balance between the number of available jobs and the number of job seekers in this profession.

Benefits and Work Environment

Employers in the banking and finance sector often offer attractive benefits to their employees. These may include paid training programs, which are valuable for staying up-to-date with the latest trends and regulations in the financial world. Other common benefits may include wellness subsidies, occupational pensions, and sometimes even a company-paid mobile phone.

Considerations for Prospective Credit Analysts

If you are considering a career as a credit analyst, it is important to have a strong interest in economics and finance. You should be analytical, detail-oriented, and have good communication skills both in writing and verbally. Given that you will handle sensitive information and make decisions that affect both the bank and the borrower, it is essential to be responsible and exercise good judgment.

Staying informed about economic trends and regulatory changes is also crucial to succeed in the role of a credit analyst. By continuously improving your skills and knowledge, you can enhance your chances of advancing in the profession.