Crazy about credit analysts

“We have over a dozen vacancies. Dozens of banks and financial services operations are hiring at the moment,” says Alan Bluett, banking and financial services recruitment manager at The Panel. Anglo Irish Bank recently announced that its lending activity surged by 18% for the six months until the end of March. It currently has a [...]

Time for a pay rise?

Are you being paid enough? Is it time you asked your boss for a rise? Salary surveys are a good way of gauging average earnings, but they don’t all say the same thing. According to recruitment firm Manpower, Irish banking salaries haven’t risen at all since last year. Across retail, funds, treasury, stockbroking and corporate [...]

Make hay in M&A – and equity capital markets

This year alone, Irish companies expect to spend €10bn on foreign M&A activity, while action is hotting up on the new IEX market as well, with four or five companies predicted to float, the recent International Association of Investment Bankers (IAIB) conference in Dublin was told. “We’re coming into an up cycle, so there’ll be [...]

Luring the lawyers

Lawyers familiar with complex financial products are in short supply in Ireland. And at least one local law firm is upping their pay. Matheson Ormsby Prentice (MOP) has raised the financial rewards it’s offering newly qualified, finance-focused lawyers in an effort to lure them through the door. MOP’s basic annual salary for newly qualified solicitors [...]

Dublin pays on a par

Thinking of relocating in search of higher pay? Don’t bother. At least, don’t bother relocating to Scotland. New figures indicate that Dublin’s fund professionals are paid on a par with their Scots counterparts. A fund administrator in Dublin can earn between €24k and €28k a year, while the salary for the same role in Scotland [...]

Equity analysts in the money

The latest salary survey from recruitment agency Robert Waters suggests Dublin’s equity analysts generally start out on a basic salary of €30k – which rises quickly once they get experience under their belt. Analysts at asset managers can command €44k after three years, and tend to break through the €65k market after five years. After [...]

Days of deferred bonuses numbered?

The recent case involving Davy Stockbrokers may spell the end of deferred bonuses in Ireland. Eamon Finnegan, a former equity dealer, took Davy to court (and won) over its failure to fork out over €260k in unpaid bonuses. The judge deemed that the true purpose of the bonuses was to create a financial restraint preventing [...]

Poorer on pay, bigger on life

Irish investment banks are competing for staff by offering candidates a better work-life balance and fringe benefits, recruitment experts say. “Pay at Irish banks is pretty much on a par with foreign institutions but Irish banks traditionally have excellent benefits, such as their pension contributions, flexible working time and VHI (Voluntary Health Insurance),” said Siobhan [...]

Pay rising for newly quals

Newly qualified accountants can rest assured that all that gruelling study pays off in the end. Salary levels are reaching new highs as demand for accountants within Ireland’s financial services sector continues to escalate. The appetite for accountants is being fuelled by the growing amount of regulation and reporting standards which companies have to tackle, [...]

Fund managers offered ‘skin in the game’

Bank of Ireland Asset Management is one of several fund managers said to be looking at innovative ways of attracting and rewarding star employees. The fund management business which lost around €15.5bn from its assets under management in last two years and which last week unveiled plans to subsume asset management within its wholesale banking [...]