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Salaries you should expect in Ireland’s financial services industry (and why you’re still more likely to find contract work)
We’ve now drawn a line under 2011, so we’re approaching the season when most recruitment firms are producing their review of the year and accompanying salary guides. First out of the blocks is Brightwater, which has produced and extensive list of salary figures which we’ve reproduced below. Salaries have remained largely static over the past [...]
Here’s a role where, on average, pay has increased by over 15% this year
Accountants in Ireland have seen something of a reversal of fortunes lately, with voluminous job roles cropping up within the Big Four, industry and financial services. However, it’s those individuals focusing on tax issues who have really benefited. Tax specialists in Ireland have received salary uplifts of around 15%, according to new research from recruiters [...]
Stripping out the bureaucracy and increasing compensation at NAMA
NAMA needs to move away from its bureaucratic, public-sector mentality, embrace an entrepreneurial spirit, pay more to compete with the private sector and recruit another 200 staff. These are just a few of the recommendations in the (surprisingly brief) report by ex-HSBC chief executive Michael Geoghegan in his review of the way that NAMA operates. [...]
Financial services firms in Ireland are paying bonuses again! (But they are quite tiny)
Good news: 55% of financial services firms are intending to pay bonuses this year. Not such good news: they’ll probably be a maximum of 10% of your salary. A new bonus expectations survey by recruiters Morgan McKinley paints a picture of relative optimism when it comes to this year’s payouts. Nearly 30% of respondents said [...]
The potentially lucrative packages on offer to gaming techies who move to UK hedge funds
Ireland is positioning itself as a global hub for games development, to the point where – according to a recent government report – it’s expected to employ 4,500 people by 2014 and grow to $82.4bn over the next five years. Central to this, rather obviously, is the technical expertise available locally. However, should developers in [...]
There are up to 120 property developers being paid between €70-200k a year by NAMA
Never mind the relatively high salaries being paid to employees of NAMA, some of the most lucrative positions are reserved for the property developers themselves. In a presentation to the Committee of Public Accounts in the Oireachtas this morning, NAMA revealed that it was paying two property developers managing “multi-billion euro portfolios” €200k a year [...]
Executive pay might be increasing at AIB, but salaries are still generally on the decline
The fact that AIB appears to be on the cusp of succeeding in its quest to pay its new chief executive more than €500k (possibly a €1m package) is likely to spur a new wave of public anger in Ireland over banker remuneration. However, it’s worth noting how much rank-and-file staff at the bank have [...]
There is still a case for claiming deferred 2008 bonuses
Here’s a can of worms, allow us to open it for you: there may be a case for pursuing deferred bonuses from 2008 that the government has forbidden banks to pay. We’re sure most bankers in Ireland don’t need a reminder of the AIB bonus debacle that occurred in December last year, but here it [...]
Working in the public sector in Ireland is no longer an easy ride
The time was that getting a role in the civil service was something of a cushy number; a place to lay fallow until the inevitable presentation of a glass bowl upon retirement. Not so any more, at least within the institutions associated with Ireland’s financial sector. Both the Central Bank of Ireland and NAMA are [...]
Pay slides at Goldman Sachs’ Irish subsidiary…to just €140k
Everyone it Ireland, it seems, is feeling the pinch currently even those working for the traditionally well-paying Goldman Sachs. Still, with an average remuneration of over $202k (€140k), there are worse places to be. Goldman Sachs Bank (Europe) Plc posted a pre-tax profit of $58m for 2010, which is a 34% decline on the $86.7m [...]
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