Employment trends in Ireland
Our Ireland expert Amit Chaturvedi highlights the promising career opportunities in the country
Ireland, over the last couple of decades, has emerged as a destination to reckon within the area of higher education. Irish institutions are attracting talent from all over the globe as they offer world-class education leading to promising work opportunities for students to secure high-paying jobs post completion of their studies. Some of the most sought-after programs are in the fields of Information Technology (IT), Engineering, Pharma, Financial Services, Information and Communications Technology (ICT), Food, Marine and Energy.
That said, some of the best jobs in Ireland are available in:
Accountancy and Finance: The stream offers multiple employment options such as an accountant, economist, payroll clerk, tax adviser, retail banker, management consultant, auditor, cost estimator, treasury analyst, chief financial officer, anti-money laundering specialist and other allied jobs
Science and Pharmaceuticals: In 2019, there were 22 biotech sites under construction and there are currently 90 bio-pharma plants in full manufacturing operations across Ireland, 40 of which are FDA approved
Language: There is a growing demand for multi-lingual professionals, especially in high-tech companies who have their headquarters set in Ireland
Engineering: There are ample jobs for Automation engineers, CSV engineers, CQV engineers, utilities engineers, validation engineers, process safety engineers, process engineers and project engineers
Ireland – a promising economy
Like some of the most promising world economies, the Irish economy has a shortage of skill in a number of areas, and I believe it would be helpful for Indian students to know about these gaps. If as a student you are aware of the top skills that the Irish industries have in demand, you’ll be able to consider courses in these subjects, which are being considered as emerging areas by experts and get a better return on investment.
Emerging subjects and promising job fields in Ireland
A tech-hub for industry giants
Ireland has a distinction to be chosen by 9 of the top 10 US technology giants as their European hub and all the top 10 pharma companies in the world have chosen the country to have their presence. In fact, all top 5 global software behemoths operate out of Ireland, along with 14 out of 15 world’s leading MedTech companies. To add, when you find out that 8 out of 10 top companies in the world (in the areas of Industrial Automation and Financial services) also have their hubs in Ireland, you can’t help but wonder what a huge achievement this is for Ireland to host the world’s best companies despite its small size.
Annual earnings trends in Ireland
The Central Statistics Office’s (CSO) latest earnings figures show that wage growth in the Irish economy picked up again last year, accelerating to 3.6% – the fastest rate recorded since the 2008 financial crisis.
The latest figures show that the average annual earnings rose by 3.6% to €40,283 in 2019. Within this average, annual earnings for full-time employees was €48,946 (up 2.8% in 2018), while the average for part-time employees was €18,305 (an increase of 3.7%).
Annual earnings in all 13 economic sectors surveyed by the CSO rose in 2019. The largest percentage increase of 8.3% was recorded in the administrative and support services sector, where average annual earnings rose from €29,623 to €32,071.
This was followed by an increase of 5% from €61,269 to €64,345 in the information and communication sector. It was observed that the IT professionals are the best paid in the State and earn 50-60% more than the average. The figures show that towards the end of last year, earnings continued to recover since the previous downturn, rising by nearly 12% since 2014.
A working week in Ireland should not exceed 48 hours. As an employee, you will be entitled to sick leaves, public holidays, maternity leaves, parental leave and four weeks of paid holiday a year. The national minimum wage for an experienced adult is €10.10 per hour.
Looking these compelling stats, I would say that for students considering international education, Ireland offers a great opportunity to learn at the best institutions and stand a chance to start their careers with global leaders based in the country in respective fields. Students will be able to enjoy international learning along with ample exposure while they utilise their 24 months post-study work rights in the country.
Updated on October 13, 2020
IDP Study abroad insights
For students like you interested in studying in Ireland, we have a wonderful series – Study abroad Insights. This web series covers most commonly asked questions about studying in the country answered by industry experts.
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Amit Chaturvedi, Associate Director – Client Relations – UK, Ireland and NZ for South Asia at IDP Education the South Asia region.
His previous assignment was with British Council (A division of British High Commission) in Delhi as Head of Education – UK. Amit has led some of the biggest education initiatives at British Council, supporting UK Universities form alliances and partnerships with many Indian institutions. He was also instrumental in initiating a large number of twining programs between the British and Indian Institutions.
Amit has also led some large scale brand building and direct marketing initiatives, including projects like Dare to be Digital, Dynamic Designs and Knowledge UK Quizzes, offering huge visibility to the brand and other associated players.