How much does a Credit counselor make

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  2. Credit counselor
Image that illustrates Credit counselor

Credit counselor

47 400 kr

Bank officials

40 700 - 59 900 kr / month

Women earn 83% of what men do.

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What will be the salary after tax?

Salary progression Credit counselor

Average salary 47 400 kr
Males 52 800 kr
Females 43 600 kr
1 Likes 0 Comments 12 Vacant jobs ->

What does a credit advisor do? – Tasks and working environment

Credit advisors work with assessing and advising on loans and credits for individuals and companies. The role involves analyzing clients' financial situations, conducting credit checks, developing personalized financing solutions, and ensuring that lending complies with applicable regulations and bank policies. Typically, the work takes place in an office environment, often at a bank or credit institution, where credit advisors have both advisory and administrative duties. Contact with clients occurs through meetings, phone, and digital channels, requiring accuracy, discretion, and a high level of customer service skills.

Salary development over time

The salary for credit advisors has shown a steady increase over the past three years. In 2022, the average salary was 42,500 SEK per month, which increased to 44 200 SEK in 2023. In 2024, the average salary has continued to rise to 47 400 SEK, corresponding to an overall increase of approximately 11.5% over three years. This development reflects a growing demand for qualified credit assessment and increased requirements on advisors’ expertise, especially as regulations tighten and digitalization has transformed the work tasks. The market has also been influenced by economic fluctuations and an increased focus on responsible lending, leading employers to value experienced and well-educated credit advisors more highly.

Credit advisor salary – comprehensive overview

  • Average salary: 47 400 SEK/month
  • Lowest salary: 40,700 SEK/month (female, private sector, post-secondary education shorter than 3 years)
  • Highest salary: 59,900 SEK/month (male, employed in private sector, post-secondary education 3 years or more)
  • Hourly wage: 285 SEK
  • Women earn: 43 600 SEK/month
  • Men earn: 52 800 SEK/month
  • Women earn: 83% of what men do

Credit advisors often encounter complex situations involving both financial and human factors. The ability to build trust and understand different life circumstances is often crucial for providing proper advice and establishing long-term customer relationships.

– statsskuld.se

Education and qualifications

To work as a credit advisor, a post-secondary education in economics, finance, or banking is usually required. Many employers also value specific certifications or courses in credit assessment, as well as experience from banking or financial sectors. Internships or trainee programs are common pathways into the profession, and self-study can supplement formal education. The demands on both theoretical and practical skills are high, especially as regulations change and digitalization increases.

  • Post-secondary economics education: 2–4 years
  • Certifications in credit assessment: often advantageous
  • Internships or trainee programs: common
  • Prerequisites: economics, mathematics, and customer service skills
  • Additional online courses: useful for specialization

Common benefits and compensations

Credit advisors are often offered benefits such as occupational pension, wellness allowances, flexible working hours, and sometimes individual bonuses linked to performance or team results. Other common benefits include training grants, insurances, and the possibility of remote work depending on the employer.

Competition and challenges

The profession of credit advisor is characterized by a competitive situation where the labor market is considered balanced nationally. This means that the number of qualified individuals matches employer needs, but competition for the most attractive positions can still be intense, especially in metropolitan areas. Challenges often involve staying updated on regulations, technology, and new credit products, while customer service and risk assessment demands increase. Digitalization and automation also require continuous skills development and adaptability.

Tips for those who want to become a credit advisor

To succeed as a credit advisor, it’s good to combine analytical skills with a genuine interest in economics and people. Precision is helpful in credit assessments and risk analyses, while good communication skills facilitate client meetings and advisory situations. Seeking internships or part-time jobs in the banking sector during studies can help build experience and networks. Curiosity is a great asset, especially since laws and regulations often change, and a high ethical awareness is essential for building trust with clients and employers. Showing initiative and being solution-oriented are also appreciated by employers looking for adaptable team members.

Key facts about Credit Advisors

  • Education level: Post-secondary economics education (2–4 years)
  • Work environment: Office-based, often at a bank or credit institution
  • Job openings: 550 within the banking profession
  • Future prospects: Moderate opportunities, balanced labor market
  • Special expertise: Credit assessment and regulatory knowledge within the financial sector

Career paths and future outlook

After three to five years in the role of credit advisor, there are good opportunities to advance to more qualified roles such as senior advisor, credit manager, or specialist in corporate credits. Some choose to broaden their skills into other parts of the banking and finance sector, such as risk analyst or compliance. According to the Swedish Public Employment Service’s forecast, the opportunities for employment within the banking profession are considered moderate nationally, with an expected unchanged demand over the next five years. This stability indicates that the profession offers secure career prospects, although competition for the most attractive positions may be greater in larger cities and at bigger banks.

Frequently asked questions about Credit Advisors

  • What does a credit advisor earn?
    - A credit advisor has an average salary of 47 400 SEK per month.
  • What education is required to become a credit advisor?
    - Post-secondary education in economics, finance, or banking is generally required.
  • Are there gender differences in salary for credit advisors?
    - Yes, women earn on average 43 600 SEK while men earn 52 800 SEK, which means women earn 83% of men's salaries.
  • What is the job market like for credit advisors?
    - The job market is balanced, with moderate opportunities and about 550 available positions within the profession.
  • What career paths are available for credit advisors?
    - Common career paths include senior advisor, credit manager, or specialist in corporate credits.
  • How does education level influence salary?
    - Higher education levels, especially longer post-secondary studies, often lead to higher salaries within the profession.

Richard Andersson

Richard Andersson - 2025-07-12 08:15:24

Occupation
Who has the highest salary?
The highest salary for a Credit counselor is 59900 kr. This salary belongs to a man working in the Privately employed officials with a post-secondary education, 3 years or more. The highest salary for a woman in this profession is 47800 kr.
Who has the lowest salary?
The lowest salary for a Credit counselor is 40700 kr. This salary belongs to a woman also working in the Private sector. The lowest salary for a man in this profession is 45700 kr.
Salary distributed by age and sector
Age Women's salary as a percentage of men's Base salary Monthly salary
18-24 95% 27800 kr 29700 kr
25-34 91% 38400 kr 40400 kr
35-44 80% 49100 kr 51900 kr
45-54 73% 54000 kr 57100 kr
55-64 69% 53900 kr 56900 kr
65-68 56500 kr 58700 kr
Snitt 83% 44800 kr 47400 kr
* Empty columns indicate that the statistical data was insufficient to allow for a statistically significant conclusion.
Salary per sector
Salary based on education
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About the data

All information displayed on this page is based on data from the Swedish Central Bureau of Statistics (SCB), the Swedish Tax Agency and the Swedish employment agency. Learn more about our data and data sources here.

All figures are gross salaries, meaning salaries before tax. The average salary, or mean salary, is calculated by adding up the total salary for all individuals within the profession and dividing it by the number of individuals. For specific job categories, we have also considered various criteria such as experience and education.

Profession Credit counselor has the SSYK code 3312, which we use to match against the SCB database to obtain the latest salary statistics.

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