Credit counselor salary

Credit Advisor: Salary and Job Description

As a credit advisor, or bank officer as it is also known, you primarily work on providing financial advice to clients. This can involve advising on loans, credit cards, investments, and other financial products. An important part of the job is assessing clients' creditworthiness and risk level, which requires both analytical skills and good communication abilities.

Credit Advisor Salary: What Does a Credit Advisor Earn?

The average salary for a credit advisor is 44 200 SEK per month. However, there is a salary difference between genders, with men earning an average of 49 600 SEK and women 40 600 SEK. This means that women earn approximately 82% of what men do in the same profession. The salary has increased from 42 500 SEK to 44 200 SEK since the last measurement, indicating a positive salary development in the field.

Salary Range in the Profession

The highest salary for a credit advisor is 56600 SEK, and this salary belongs to a male who is privately employed and has a post-secondary education of three years or more. On the other end of the spectrum, the lowest salary for a female in the profession is 37300 SEK, which applies to those with a pre-secondary education. For men, the lowest salary is 41500 SEK.

Salary as an Hourly Employee

For those working as hourly employees, the average salary for a credit advisor is 266 SEK per hour, based on 166 working hours per month.

Education and Qualifications

To work as a credit advisor, a background in economics or finance is typically required, often at the university level. It may also be advantageous to have experience from previous work in the banking sector or similar financial institutions. A good understanding of economic principles and the ability to analyze financial information are critical skills for success in the role.

Skills and Competencies

• Analytical skills
• Communication skills
• Understanding of economic and financial concepts
• Customer service-oriented
• Ability to work independently and in a team

Working Conditions and Benefits

Credit advisors typically work in bank branches or financial institutions. Working hours are often regular office hours, but there may be a need to work evenings or weekends depending on the clients' needs. In some cases, the opportunity to work from home may also be offered, which is a benefit that can facilitate the work-life balance. It is also common for employers to provide paid training to keep the staff updated on the latest changes in the financial sector.

Future Outlook and Challenges

According to forecasts from the Employment Service, the opportunities for work as a bank officer are considered moderate. Over a five-year period, demand for credit advisors is expected to remain stable, indicating a balanced recruitment situation. It is important for credit advisors to stay updated on changes in the financial sector and regulations to maintain their competitiveness in the job market.

Competition in the Profession

Since the profession is part of the broader group of bank officers, competition for jobs may vary depending on the region and employer. Therefore, having a strong educational background and relevant experience is important to stand out in the recruitment process.

In conclusion, the profession of a credit advisor is a rewarding and evolving career choice for those interested in finance and economics. With the right education and experience, there are good opportunities for advancement in the field and achieving a competitive salary.