Accounting economist salary

Salary for Accounting Economists

Understanding the salary structure for accounting economists provides important insights into the profession's economic conditions. An average accounting economist earns 43 000 kronor per month. There has been an increase from the previous 41 200 kronor, reflecting a positive salary development within the profession. Women in this field earn an average of 42 800 kronor, which is 98% of what men earn, with men having an average salary of 43 800 kronor. The hourly wage for a freelance accounting economist is 259 kronor, based on 166 working hours per month.

Salary Range and Disparities

Salary ranges within the profession can vary significantly depending on experience and education. The highest salary for an accounting economist is 46900 kr, belonging to a man with a high school education working as a private employee. For women, the highest recorded salary is 43600 kr. At the other end of the spectrum is the lowest salary, where a man with pre-secondary education in the role of a private worker earns 26300 kr, while the corresponding salary for a woman is 33300 kr.

Job Responsibilities for Accounting Economists

Accounting economists play a central role in managing and overseeing an organization's financial transactions. Their main tasks include bookkeeping, budgeting, financial reporting, and analysis. They ensure that all financial records are accurate and comply with applicable laws and regulations. An accounting economist often works closely with financial managers and other departments to ensure that financial decisions are based on accurate data.

Skills and Qualities

To succeed as an accounting economist, a good analytical ability and a strong attention to detail are required. The ability to work efficiently with numbers and have a good understanding of economic principles is crucial. Additionally, communication skills are important, as accounting economists often need to explain complex financial concepts to individuals without a financial background.

Education and Qualifications

Becoming an accounting economist typically requires higher education in economics, such as a bachelor's degree in business administration or accounting. Many accounting economists choose to deepen their knowledge by pursuing a master's degree or specialized certifications, which can enhance their career opportunities and earning potential.

Further Education and Certification

There are several certifications that can strengthen an accounting economist's professional profile, such as certified accounting consultant or certified auditor. These certifications often require additional studies and examinations.

Job Market and Future Outlook

The profession of accounting economist is assessed to have moderate opportunities in the job market. According to the Employment Service's forecasts, demand is expected to remain unchanged over the next five years, and the recruitment situation is characterized by balance. This means that there is neither a shortage nor an excess of qualified accounting economists, providing stable conditions for those considering entering this field.

Benefits and Challenges

Accounting economists can look forward to a stable job market and the opportunity to work in various industries, from small businesses to large international corporations. Challenges in the profession include staying updated with legal changes and tax reforms, as well as managing the increasing digitization and automation of accounting processes.

Benefits and Working Conditions

The working conditions for accounting economists can vary depending on the employer and sector. Many companies offer various benefits such as opportunities for paid training, encouraging continuous professional development. Other common benefits include flexible working hours and the ability to work from home, providing a better balance between work and personal life.

Summary Advice

For those considering a career as an accounting economist, it is important to have an interest in economics and numbers, and to be willing to continuously develop their skills. With the right education and experience, an accounting economist can look forward to a stable and rewarding career with good opportunities for personal and professional development.