Credit counselor salary

What does a Credit Advisor do?

As a Credit Advisor, you work to help individuals and businesses make decisions about loans and credit. The tasks include analyzing the customer's financial situation, advising on suitable loan products, and handling loan applications. A Credit Advisor must also assess creditworthiness and risk, which requires a good understanding of financial principles and sometimes also the legal aspects of loan agreements. The work environment is usually an office, but it can also involve meetings with clients in various settings.

Credit Advisor salary and salary development

What does a Credit Advisor earn? The average salary for a Credit Advisor is 44,200 SEK per month. However, there are differences based on gender, with men earning an average of 49 600 SEK while women earn 40 600 SEK. This means that women earn about 82% of what men earn in this profession. The hourly wage for a Credit Advisor is on average 266 SEK, based on 166 working hours per month. Last year, the average salary was 42 500 SEK, indicating a positive salary development.

Highest and lowest salary

• Highest salary: 56,600 SEK (male, private sector, post-secondary education)
• Lowest salary: 37,300 SEK (female, various sectors, pre-secondary education)

Education and qualifications

To become a Credit Advisor, a post-secondary education in economics, finance, or related fields is often required. Many employers prefer candidates with a bachelor's degree. Experience in the banking and finance sector is often a plus, and it's important to have good communication skills and analytical abilities.

Common benefits

In the profession, one can expect benefits such as a company mobile phone, opportunities for professional development, and sometimes even the possibility of remote work. These benefits vary depending on the employer and type of employment.

Future prospects and demand

According to the Public Employment Service, the opportunities for working as a Credit Advisor are assessed to be moderate and the recruitment situation is characterized by balance. In five years, demand is expected to remain unchanged. This means that the profession offers stable career opportunities for those interested in the banking and finance sector.

Tips for those who want to become a Credit Advisor

To succeed as a Credit Advisor, it is important to stay updated with the latest trends and regulations in the finance sector. Further education in specific areas such as credit assessment or risk management can also positively impact salary. Building a strong network within the industry can also open up new opportunities and career paths.

Career paths and further opportunities

After a few years as a Credit Advisor, one can advance to leading positions within the finance sector, such as credit manager or chief financial officer. Specializing in specific customer segments or advanced credit products can also open up new career paths.

FAQ – Frequently asked questions about Credit Advisors

• What does a Credit Advisor earn? The average salary is 44,200 SEK per month, but it varies depending on gender and experience.
• How do you become a Credit Advisor? A post-secondary education in economics or finance is usually required.
• Is it easy to get a job? The opportunities are assessed to be moderate and the recruitment situation is balanced.
• Is it stressful to work as a Credit Advisor? The profession can involve stress, especially around decision-making and customer contacts.
• What qualities are important as a Credit Advisor? Analytical ability, good communication, and financial understanding are important qualities.