Lender salary

Salary for a Credit Analyst

Working as a credit analyst entails having a central role within the banking and finance sector. Credit analysts, also known as bank officers, have an average salary of 44 200 kronor per month. Breaking it down further, men in the profession earn an average of 49 600 kronor, while women have an average salary of 40 600 kronor. This means that women earn approximately 82 percent of what men do in the same profession.

What Does a Credit Analyst Earn?

The salary structure for credit analysts shows a certain range depending on education and sector. The highest salary for a credit analyst is 56600 kronor, held by a male private sector employee with a post-secondary education of three years or more. For women in the same profession, the highest salary is 44 200 kronor. On the other hand, the lowest salary for a credit analyst is 37300 kronor for women with pre-secondary education, while the lowest salary for men is 41500 kronor.

Salary Development and Hourly Wage

Since the last measurement, the average salary for a credit analyst has increased from 42 500 to 44 200 kronor, indicating a positive salary development for the profession. For those working on an hourly basis, the hourly wage is 266 kronor, based on 166 working hours per month.

Job Responsibilities of a Credit Analyst

As a credit analyst, one handles assessments of creditworthiness and risks for individuals and businesses. The work involves analyzing financial information, assessing credit risks, and making decisions on credit applications. It requires good analytical skills and an understanding of economic principles.

Education and Skills Requirements

To become a credit analyst, a post-secondary education in economics or finance is usually required. Many employers prefer candidates with a bachelor's degree or higher in these fields. In addition to formal education, it is important to have strong analytical skills, good communication abilities, and the ability to work accurately and systematically.

Working Conditions and Benefits

As a credit analyst, one typically works in an office environment, and both full-time and part-time positions are common. Some employers offer benefits such as the opportunity to work from home, paid training for further development, and sometimes other financial perks.

Future Outlook and Competition

According to the labor market assessment, the job prospects for bank officers, including credit analysts, are medium nationally. Over a five-year period, demand is expected to remain unchanged. The recruitment situation is characterized by balance, meaning there is neither an excess of jobs nor candidates.

Challenges in the Profession

One of the biggest challenges for credit analysts is handling complex financial situations and making decisions that can have far-reaching consequences for customers and institutions. It is also important to stay updated on changes in financial laws and regulations, which can affect credit assessments and decision-making.

Summary of the Credit Analyst Profession

Working as a credit analyst is a responsible profession within the banking sector that offers stable career opportunities and a salary development in line with industry standards. With an average salary of 44 200 kronor and opportunities for career advancement, it continues to be an attractive career choice for those with the right education and interest in economics and finance.