Credit counselor salary

Credit Advisor: A Rewarding Profession in the Financial Sector

Working as a credit advisor means playing a key role in a bank's operations. You assist customers in accessing loans and credits, which often requires a careful assessment of their financial situation. In addition to being an expert in credits and loans, you also serve as an advisor who guides customers through the process of applying for financing.

Salary for Credit Advisors

The average salary for the profession of credit advisor is 44 200 kronor. However, it is important to note that there is a difference in salary between men and women in this profession. Men earn an average of 49 600 kronor while women earn 40 600 kronor. This means that women earn 82% of what men do. Compared to previous measurements, the average salary has decreased from 42 500 kronor to 44 200 kronor.

Education and Requirements

To become a credit advisor, it usually requires an academic degree in economics, finance, or related fields. Employers also often value work experience in the banking and financial sector. Many employers also offer internal training and certifications that can help you advance in the profession.

Job Opportunities and Future Outlook

According to the Swedish Public Employment Service's forecast, the opportunities for employment as a bank officer, including credit advisors, are considered medium nationally. Over a five-year period, demand is expected to remain unchanged. The recruitment situation for bank officers is characterized by balance, indicating an equilibrium between supply and demand in the labor market.

Tasks and Responsibilities

As a credit advisor, you work on assessing customers' creditworthiness, analyzing their financial situation, and recommending suitable credit options. You also conduct credit assessments, review loan applications, and ensure that all necessary documents and information are correct and complete. A significant part of the job also involves building and maintaining good customer relationships.

Benefits and Work Environment

Many employers offer benefits such as paid training, which can be a significant advantage for those looking to further develop their knowledge and skills in the financial sector. Other potential benefits may include a company-paid mobile phone and other technological aids that facilitate work.

Considerations for Becoming a Credit Advisor

For those considering a career as a credit advisor, it is important to have strong analytical skills and an interest in economics and finance. Good communication skills are also crucial as the job involves a lot of customer interaction. Being meticulous and detail-oriented are also important qualities to make accurate credit assessments.