Credit Officer salary

What does a Credit Officer do?

As a Credit Officer, you work to assess customers' creditworthiness and manage loan applications. Duties include analyzing financial reports, conducting credit evaluations, and assisting customers with advice on loans and credit. The environment is usually office-based, and the role requires attention to detail and good communication skills.

Credit Officer salary

What does a Credit Officer earn? The average salary is 44,200 SEK per month. There is a certain salary gap between genders, where men's average salary is 49 600 SEK while women earn 40 600 SEK, which means that women earn 82% of what men do. The hourly wage for a part-time employee is around 266 SEK.

Salary development for Credit Officers

The salary for Credit Officers has increased from last year when the average salary was 42 500 SEK. The highest salary in the profession is 56,600 SEK for a man with a post-secondary education of at least three years, while the highest salary for a woman is 44,200 SEK. The lowest salary is 37,300 SEK for a woman with a pre-secondary education and 41,500 SEK for a man.

Education and qualifications

To work as a Credit Officer, a post-secondary education in economics or finance is often required. Many employers prefer candidates who have a bachelor's degree in these fields.

Common benefits

It is common for Credit Officers to be offered benefits such as a company mobile phone, the option for remote work, and paid training for professional development.

Competition and challenges

According to the Employment Agency, the job market for bank employees, including Credit Officers, is balanced. In the next five years, demand is expected to remain unchanged. This means moderate job opportunities within the profession.

Tips for becoming a Credit Officer

For those who want to become a Credit Officer, it is important to have a good understanding of economics and analytical skills. It is also beneficial to stay updated with the latest developments in the financial sector.

Career paths for Credit Officers

With experience, a Credit Officer can advance to roles such as credit manager or other leadership positions within the financial sector. Further education and specialization in specific credit areas can also open more doors.

Future prospects and demand

The future prospects for Credit Officers are considered stable with unchanged demand over the next five years, according to the Employment Agency. This makes the profession a secure choice for those seeking a long-term career in finance.

Frequently asked questions about Credit Officers

• What does a Credit Officer earn? A Credit Officer earns an average of 44,200 SEK per month.
• How do you become a Credit Officer? Typically, a post-secondary education in economics or finance is required.
• Is it easy to get a job? The job opportunities are moderate and the labor market is balanced.
• Is it stressful to work as a Credit Officer? The profession can be stressful as it often involves handling multiple credit applications simultaneously.
• What qualities are important as a Credit Officer? Attention to detail, analytical skills, and good communication abilities are important qualities.

What positively affects the salary?

Factors that can positively impact the salary include level of responsibility, experience, and further education. Working in a high-yield sector or at a large company can also increase salary potential.