Lender salary

Salary for Credit Analysts

As a credit analyst, you can expect an average salary of 44 200 SEK per month. However, it is worth noting that there is a gender pay gap within the profession. Men earn an average of 49 600 SEK, while women earn 40 600 SEK, meaning that women earn approximately 82% of what men do. Compared to the previous measurement, the average salary for credit analysts has decreased from 42 500 SEK to 44 200 SEK.

Job Duties for Credit Analysts

Credit analysts, often referred to as bank officers, primarily work on assessing and approving loan applications. They analyze borrowers' financial situations, review credit reports, and assess risks before approving or rejecting loan applications. Credit analysts may also provide advice to customers on various loan options and financial products.

Education and Qualifications

To work as a credit analyst, a degree in economics, finance, or business administration is typically required. Many employers prefer candidates with experience in the banking or financial sector. It is also advantageous to have good mathematical skills and analytical abilities. Certifications in credit analysis may sometimes be required or considered as a merit.

Job Outlook

According to the Swedish Public Employment Service, the prospects for employment as a bank officer, which includes credit analysts, are considered moderate nationally. Over a five-year period, the demand for these professions is expected to remain unchanged, and the recruitment situation is assessed to be balanced. This means that there is neither an excess nor a shortage of job seekers in the profession.

Benefits

Benefits for credit analysts may vary depending on the employer. Common benefits may include paid training, occupational pension, and sometimes company healthcare. Some employers also offer bonuses based on performance and goals.

Considerations

If you are interested in becoming a credit analyst, it is important to be detail-oriented and have good communication skills. You need to be able to handle complex financial data and make well-informed decisions. An interest in economics and finance is also a significant advantage.