Risk manager salary

Occupational Profile: Risk Manager

Risk managers, also known as financial analysts or investment advisors, play a crucial role in the financial sector. Their main task is to identify and manage potential risks that may affect an organization's financial health. This includes everything from analyzing financial reports to developing risk mitigation strategies.

Salary Statistics for Risk Managers

The average monthly salary for a risk manager in Sweden is 66 800 SEK. However, there is a noticeable difference in salaries between genders; men earn an average of 71 000 SEK while women earn 58 500 SEK, meaning that women earn 82% of what men do. Compared to the previous year, the average salary has decreased from 68200 SEK to 66 800 SEK.

Education and Qualifications

To work as a risk manager, a higher education degree in finance, economics, statistics, or a related discipline is typically required. Many employers prefer candidates with a master's degree or relevant professional certifications such as Chartered Financial Analyst (CFA). Experience in financial analysis, risk assessment, or in a senior financial position can be crucial for employment.

Requirements for Becoming a Risk Manager

In addition to relevant education, strong analytical skills and the ability to interpret complex datasets and financial reports are important. Risk managers must also be skilled communicators as they often need to explain their risk assessments and recommendations to non-specialists, including board members and corporate executives.

Considerations for Aspiring Risk Managers

For those considering a career as a risk manager, it is important to be aware of the profession's demands for accuracy and attention to detail. The role can also involve high stress as decisions often need to be made under time pressure and with significant financial interests at stake.

Benefits in the Profession

In addition to salary, risk managers often enjoy benefits such as paid further education and certifications, which are not only a perk but also a necessity to stay updated with the latest developments in the field. Other common benefits include a company-paid mobile phone and performance-based bonuses.