Pawnbroker salary

Salary and Work as a Pawnbroker

Working as a pawnbroker is a profession that can be both challenging and rewarding. The job involves handling loans secured with collateral, which can include anything from jewelry to electronics. Pawnbrokers often work in environments such as pawn shops or collection agencies and are responsible for assessing the value of the items provided as security for loans.

Salary for Pawnbrokers

According to the latest statistics, the average salary for a pawnbroker is 34 200 kronor per month. This is an increase from the previous year's average salary of 32 000 kronor. However, there is a certain gender pay gap within the profession. Men earn an average of 35 300 kronor, while women earn 33 600 kronor. Therefore, women earn approximately 95% of what men do in this profession.

Requirements and Education

To work as a pawnbroker, specific education is usually not required, but a background in economics, administration, or law can be advantageous. Many employers offer internal training to ensure that employees have the necessary skills to perform their tasks efficiently and in compliance with the law.

Job Description

As a pawnbroker, your main tasks include assessing the value of items used as collateral for loans and handling repayments and any collection matters. It is important to have good knowledge of the items pawned to make fair assessments. The work also requires good communication skills since you will often interact with customers in financially strained situations.

Job Market and Prospects

It is difficult to make an exact assessment of the job prospects for pawnbrokers as the data is limited. According to the Employment Service, the profession is part of the broader category "Debt collectors and pawnbrokers, among others," and the professional area is administration, economics, and law. Generally, demand in the job market can vary depending on economic conditions and changes in legislation.