External analysts salary

Salary for Market Analysts: A Deep Insight

As a market analyst, one plays a crucial role in interpreting and analyzing global and economic trends. The profession involves assessing how different factors impact businesses and societies. Let's explore the salary structure and what it takes to succeed in this fascinating profession.

Average Salary for Market Analysts

The average monthly salary for a market analyst is currently 54 000 SEK. This marks a significant increase from the previous average of 47 800 SEK. Men in the profession earn slightly more, with an average salary of 55 900 SEK, while women earn 52 000 SEK, which is equivalent to 93% of men's salary. For hourly employees, the average salary is 325 SEK per hour, based on 166 working hours per month.

Salary Range and Disparities

There is a wide salary range within the profession. The highest salary for a male market analyst is 66700 SEK in the public sector, while the highest salary for a female is 54100 SEK. On the other hand, the lowest salary for a female is 40900 SEK, which aligns with a high school education and a private employment. The lowest salary for a male is slightly higher, namely 41000 SEK.

Job Responsibilities for a Market Analyst

Market analysts work on monitoring and analyzing changes in the market that can affect organizations. This may involve a variety of tasks such as:

• Analyzing economic indicators and trends.
• Evaluating political and social changes.
• Preparing reports and recommendations based on analysis.
• Implementing strategies to manage identified risks and opportunities.

Education and Qualifications

A career as a market analyst often requires a degree in economics, statistics, or social sciences. A deep understanding of economic models and analytical tools is crucial. Further education and courses in data analysis and geopolitical studies can further enhance one's skills.

Future Prospects and Job Market

Despite the lack of detailed forecasts from the labor market authorities, the increasing globalization and the need to understand complex economic relationships indicate that the demand for market analysts is expected to grow. The profession falls under the category of "Administration, Economics, Law," which often has a stable demand.

Competition and Challenges

There is some competition for positions, especially among more experienced analysts. The challenges often lie in staying updated with rapid changes in the world's economic landscape and conveying complex information in an understandable manner to decision-makers.

Benefits and Working Conditions

Employers sometimes offer benefits such as paid further education and the opportunity to work from home, which is common in today's digitized work environment. A balanced work environment with flexibility is often a draw for attracting talented analysts.

Considerations for Future Market Analysts

For those considering a career as a market analyst, it is important to develop strong analytical skills and the ability to see connections between different economic and political factors. Having a broad understanding and daring to think outside the box are often key factors for success in this profession.