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There’s big demand for contract workers in Irish financial services. Here’s how much they’re paid
Ireland’s financial services contract workers have reason to feel a little apprehensive. The six month delay in enacting the Agency Worker’s Directive (AWD) has come to an end. The Bill was passed earlier this month. All that remains now is to see its impact. Helen Gallagher, human resources manager at recruitment firm Morgan McKinley, says [...]
These are the redundancy packages at Ulster Bank; these are the redundancy packages at Bank of Ireland. No one knows what’s happening at AIB, still
Back in April, we said it was crunch time for redundant staff at AIB, who would apparently be receiving full results of their redundancy packages imminently. It seems we were wrong: the IBOA union is still waiting to here AIB’s final terms, several weeks later. In the meantime, however, there have been announcements on redundancy terms [...]
Irish financial services firm employs 7 people, makes €9.2m profit
If you’re wondering where the money is to be made in Irish financial services, you might want to look at venture capital firm TVC Holdings. TVC posted preliminary results for the year ending March 31st this week, revealing that it made a return of €10.7m on the value of its portfolio, which increased 32% over the [...]
Are Irish financial services professionals simply too expensive?
Yesterday, we held our roundtable for banks’ heads of recruitment in London. We’re not at liberty to say precisely who attended and precisely what was said about particular organisations, but we can report this: Ireland is seen as an expensive place for investment banks to locate their back office functions. One head of recruitment said [...]
Did Irish financial services salaries really increase 8-10% in the first three months of this year?
Financial services salaries in Ireland are increasing according to recruitment firm Robert Walters. As financial services businesses in Ireland became, “more assured,” of the future, it says they awarded salary increases of between 4 and 8% to their staff in the first quarter of 2012. These were accompanied by bonuses of 5-10%. Robert Walters outlines [...]
The average important member of staff at Bank of Ireland is paid €240k, but the bonuses are pretty awful
Bank of Ireland has released its Pillar 3 disclosures for 2011. They contain the charts below on how much it pays it’s ‘code staff’ – key members of management risk, takers, and people in other positions of responsibility. Out of a total staff of 13,671 at the last count, Bank of Ireland only has 121 [...]
Eight ways in which the Europe Union would like to curtail investment banking pay more heavily, soon
Despite the fact that the European Union already has the most punitive investment banking pay restrictions in the world, machinations are afoot in the European Parliament to make the restrictions even more punitive still. Yesterday, the European Banking Authority (EBA) released a large document based on a survey of the remuneration policies of banks in [...]
Does this mean everyone will be earning less at Nama?
Headcount at Nama may be growing, but the agency is under pressure to cut pay for its staff. Earlier this week, the Independent reported that 14 out of 15 of the highest paid people at the National Treasury Management Agency, which provides staff to Nama, had received a pay cut. The people in question were [...]
This is how much you can earn working as a fund manager or quantitative analyst in Dublin
As a follow-up to last week’s extract from the Robert Walter’s salary survey confirming Irish fund accountants aren’t that well paid, we bring you better news about the salaries of Ireland’s fund managers, quantitative analysts and equities analysts. On one hand, they’re falling slightly. On the other, some are earning a healthy six figures. Bear in [...]
After 5 years working in Ireland’s vibrant fund administration sector, this is how much you will earn as a fund accountant
Ireland’s banks may be making redundancies, but fund administrators continue to create jobs. Last year, there were 1,200 net new jobs added in Ireland’s funds industry according to the Irish Funds Industry Association. Unfortunately, these jobs are not especially well paid. The new salary survey from Robert Walters suggests that even after five years in the [...]
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