Accounting economist

What does an accounting economist do? – Tasks and work environment

An accounting economist works with compiling, analyzing, and reporting financial data for companies and organizations. Tasks include ongoing bookkeeping, reconciliations, accruals, preparing financial statements, as well as tax declarations and reporting to authorities. The role often involves contact with auditors, authorities, and other external parties. The work environment is primarily office-based and characterized by a high pace, especially during monthly and annual closings, but hybrid solutions with remote work are also common.

Salary development over time

The salary development for accounting economists has been stable and positive in recent years. In 2022, the average salary was 41,200 SEK per month, increasing to 43 000 in 2023, and reaching 44 300 in 2024. This corresponds to an increase of approximately 7.5% over a three-year period. This rise can mainly be explained by increased demand for qualified economists, as well as general salary growth within the profession. At the same time, competition for the most experienced accounting economists has increased, especially within private companies and larger cities, which has also helped push salaries higher. Despite this, salary progression is not as steep as in some other finance roles, reflecting the stable but relatively balanced labor market of the profession.

Accounting economist salary – comprehensive overview

• Average salary: 44 300 SEK/month
• Lowest salary: 33,200 SEK/month (male, private sector employee, pre-secondary education)
• Highest salary: 48,500 SEK/month (male, private sector employee, post-secondary education 3+ years)
• Hourly wage (average): 266 SEK
• Women’s salary: 44 000 SEK/month (97% of men’s salary)
• Men’s salary: 45 400 SEK/month
• Regional differences: Salary levels are generally higher in larger cities and growth regions, but can vary depending on employer and sector.

Education and qualifications

The path to becoming an accounting economist usually passes through a post-secondary education in economics, such as at vocational college or university. To succeed in the profession, good knowledge of accounting, bookkeeping, and business systems is required, along with the ability to interpret and analyze financial information. Practical experience, for example from internships or trainee programs, is often advantageous and can be crucial for quickly gaining responsibilities in the role.

• Post-secondary education: Economics studies at college/university (2–4 years) or vocational college (2 years)
• Certifications: Examples include FAR’s accounting economist or other industry-specific courses
• Internship: Common component in vocational programs, often an important merit
• Prerequisites: High school diploma, preferably with an economic focus
• Online courses and self-study: Can complement and broaden skills in new regulations or systems

Common benefits and compensation

Among accounting economists, it is common to be offered occupational pension, wellness allowance, remote work options, and flexible working hours. Other benefits may include subsidized lunch, skills development, bonus programs, and sometimes extra vacation days. The benefits vary between private and public employers and depending on the company's size.

Competition and challenges

The market for accounting economists is balanced, with supply and demand for labor relatively evenly distributed. With 758 available jobs in the profession, there are good employment opportunities, but competition for the most attractive positions can be tough. Constantly changing regulations, digitalization, and demands for efficiency pose challenges that require continuous skill development. The ability to quickly familiarize oneself with new financial systems and workflows is a key success factor. Additionally, high demands are placed on accuracy and integrity in the role.

Tips for those who want to become an accounting economist

To succeed as an accounting economist, it’s good to have an analytical streak and an interest in numbers, which facilitates understanding complex financial relationships. Being organized is crucial for handling large amounts of data and ensuring correctness in financial statements and reports. Communication skills are also important, especially when explaining financial concepts to non-economists. It’s also wise to engage early in internships or part-time jobs to build experience and networks. Flexibility and the ability to adapt to new systems and regulations make it easier to stay competitive. Continuously updating your skills through courses or certifications can be advantageous when applying for new roles or negotiating salaries.

Key facts about accounting economists

• Education level: Post-secondary economics education (YH/university)
• Work environment: Office-based, often with remote options
• Typical work form: Full-time, daytime
• Demand: 758 available jobs in Sweden (May 2024)
• Salary development: Steady increase over the past three years

Career paths and future prospects

After three to five years in the profession, it is common for accounting economists to advance to more qualified roles such as accounting manager, controller, or finance director. Specialist roles within group accounting or auditing are also common career paths. According to the Employment Service’s forecast, the opportunities for employment as an accounting economist are medium and the labor market is expected to be unchanged over five years. There is a balance between supply and demand, meaning those who keep their skills updated have good prospects for development within the profession.

Frequently asked questions about accounting economist

• What does an accounting economist earn?
  - An accounting economist earns on average 44 300 SEK per month, with variations depending on experience, education level, and sector.
• How does the salary difference between men and women look?
  - Men earn on average 45 400 SEK and women 44 000 SEK, which means women have 97% of men's salary in the profession.
• What education is required to become an accounting economist?
  - A post-secondary economics education, such as from college, university, or vocational college, is highly recommended.
• What is the job market like for accounting economists?
  - The job market is balanced with 758 available jobs and the forecast is unchanged over five years.
• What are the most common tasks?
  - Ongoing bookkeeping, financial statements, tax declarations, reporting, and financial analysis.
• Are there regional salary differences?
  - Yes, salary levels are generally higher in larger cities and growth regions.
• What career opportunities are available after a few years?
  - Possible career paths include controller, finance manager, or specialist roles within accounting and auditing.