Commodity lenders salary

Salary and Working Conditions for Pawnbrokers

As a pawnbroker, also known as a lender and pawner, you work with managing loans against collateral and collecting debts. The profession requires good communication and negotiation skills, as well as a basic understanding of finance and law. According to the latest statistics, the average salary for pawnbrokers is 34 200 SEK per month. There is a gender wage gap, with men earning an average of 35 300 SEK and women 33 600 SEK. Women earn 95% of what men do in the profession.

Education and Requirements

Typically, becoming a pawnbroker requires a high school education with a focus on economics or commerce. Many employers also offer internal training and courses to enhance employees' skills. It is not uncommon for new hires to receive paid introductory training provided by the employer. Attention to detail, good communication skills, and the ability to handle stressful situations are important. Experience in customer service or financial administration can be advantageous.

Job Duties

The duties of a pawnbroker can vary depending on the workplace but usually include assessing and approving loans, managing collateral, and following up on and collecting unpaid debts. One often works closely with customers and must be able to explain terms and rules clearly. Another important aspect of the job is documenting and reporting all transactions and events related to loans and collections.

Benefits

Benefits can vary depending on the employer, but it is not uncommon for pawnbrokers to be offered paid further education and sometimes perks such as a mobile phone or computer. This can be particularly valuable for those who want to advance in the profession and stay updated on the latest methods and laws in the field.

Salary Range and Statistics

The highest salary for a pawnbroker is 35,000 SEK, held by a woman working as a private sector employee. The highest salary for a man in the same profession is 34,000 SEK. The lowest salary for a pawnbroker is 29,200 SEK, belonging to a woman with a 3-year high school education working in various sectors. For men, the lowest salary is 30,200 SEK.

Future Outlook

According to the Swedish Public Employment Service, no specific forecast is made for the profession of pawnbrokers due to limited data. Generally, demand for professions in administration, finance, and law is stable, and there are good opportunities for work for those with the right skills and experience.

If you are considering becoming a pawnbroker, it is a good idea to stay updated on the latest educational opportunities and actively seek employers offering good benefits and development opportunities. With an average salary of 34 200 SEK and diverse job duties, this can be a rewarding profession for those interested in finance and customer interaction.