Accounting manager, M.Sc.

What does a Financial Accountant within economics do? – Tasks and work environment

A Financial Accountant with a Civil Economist degree has overall responsibility for a company's ongoing bookkeeping, reporting, and financial analysis. The role involves ensuring correct accounting in accordance with applicable laws and regulations, preparing monthly and annual financial statements, and working closely with management to provide financial decision support. The work is often office-based, with collaboration with colleagues in finance, auditing, and management being central. The workdays are frequently characterized by deadlines, report writing, and contact with both internal and external stakeholders such as authorities and auditors.

Salary development over time

The profession of Financial Accountant, Civil Economist has shown stable salary growth over the past three years. In 2022, the average salary was 47,800 SEK per month, followed by an increase to 48 200 SEK in 2023. The most noticeable increase occurred in the last year, where the average salary rose to 50 300 SEK in 2024, corresponding to an increase of approximately 4.4% from 2023 to 2024. This positive trend reflects increased demand for qualified economists with accounting responsibilities, partly driven by a greater focus on transparency, compliance, and digitalization within the finance function. The market has also been affected by a slight shortage of experienced candidates, further pushing up salaries in the field.

Financial Accountant, Civil Economist salary – comprehensive overview

• Average salary: 50 300 SEK/month
• Lowest salary: 39,500 SEK/month (woman, high school education)
• Highest salary: 56,300 SEK/month (man, private sector, post-secondary education shorter than 3 years)
• Hourly wage (average): 303 SEK
• Gender differences: Men 54 000 SEK, women 48 100 SEK (women earn 89% of men's salary)
• Regional differences: Salaries may vary depending on region and sector

Education and qualifications

To work as a Financial Accountant within economics, a degree as a Civil Economist or equivalent university education in economics and accounting is usually required. Many employers also seek experience in qualified accounting work and good knowledge of relevant financial systems. In addition to formal education, certifications and ongoing professional development are highly valued.

• Education: Civil Economist or Bachelor's degree in Economics (3–4.5 years)
• Certifications: For example, Authorized Accountant
• Internships: Common component during studies
• Courses: Continuing education in accounting, taxation, and business systems
• Prerequisites: Good knowledge of economics, mathematics, and IT

Common benefits and compensation

In addition to base salary, benefits such as wellness allowances, occupational pension, flexitime, and the possibility of remote work are often offered. Many employers also provide access to professional development, bonus programs, and insurance that complement collective agreements.

Competition and challenges

The job market for Financial Accountants is characterized by high competition for the most attractive positions, especially in metropolitan regions and larger companies. At the same time, there is a paradoxical situation where many leave the profession, creating recruitment difficulties for employers. The role requires constant updating of knowledge regarding laws, regulations, and digital tools, which can be challenging but also rewarding. Increased automation and digitalization demand quick adaptation to new workflows and systems. For those who are flexible and willing to further their education, there are good opportunities for development and advancement.

Tips for those aspiring to become a Financial Accountant within economics

To succeed as a Financial Accountant within economics, it is good to combine accuracy with analytical skills and communication abilities. Building a solid foundation in bookkeeping and accounting early on provides confidence in the role, while interest in digital tools and systems facilitates everyday work. Flexibility and the ability to handle change are important qualities, especially as laws and regulations evolve. Being collaborative and able to explain economic relationships to non-economists adds value for the employer. Finally, showing initiative and a desire for continuous learning strengthens self-confidence and makes you attractive on the job market.

Key facts about a Financial Accountant, Civil Economist

• Educational level: Civil Economist or Bachelor's degree, 3–4.5 years
• Work environment: Office-based, often in teams
• Demand: Large opportunities for employment nationally
• Tasks: Financial statements, reporting, analysis, and advising
• Typical work arrangement: Full-time, sometimes flexible hours

Career paths and future prospects

After a few years in the role of Financial Accountant, there are opportunities to advance to positions such as CFO, controller, or specialist in accounting and taxation. It is also common to move into roles within auditing, internal control, or business development. According to the Employment Service's forecast, opportunities within the profession of auditors and Financial Accountants remain strong, with unchanged demand over the next five years. The industry's development is influenced by increased reporting requirements, compliance, and digitalization, creating new opportunities for economists with updated skills. Those wishing to broaden their expertise can also consider roles in consulting or advisory services. Currently, there are 758 job openings in the field, highlighting a healthy job market.

Frequently asked questions about a Financial Accountant, Civil Economist

• What does a Financial Accountant, Civil Economist, earn?
  - The average salary is 50 300 SEK per month, but it can vary between 39,500 SEK and 56,300 SEK depending on experience, education, gender, and sector.
• What education is required to become a Financial Accountant within economics?
  - A degree as a Civil Economist or a Bachelor's in Economics is usually required, often combined with experience in accounting and bookkeeping.
• Are there gender differences in salary?
  - Yes, men earn on average 54 000 SEK and women 48 100 SEK, which means women earn 89 % of men's salaries.
• What are the future prospects for the profession?
  - According to the Employment Service, job opportunities are plentiful and demand is expected to remain unchanged over the next five years.
• What are the responsibilities of a Financial Accountant?
  - Responsibilities include ongoing bookkeeping, financial statements, reporting, analysis, and advising management and other departments.
• What is the work environment like?
  - The role is primarily office-based and involves collaboration with colleagues in finance, management, and sometimes external contacts such as auditors.
• Are there regional salary differences?
  - Yes, salaries can vary depending on region and sector, with higher wages in metropolitan areas and within the private sector.