About
Banking is an extremely broad area, ranging from personal banking dealing with individuals and their bank accounts all the way up to investment banks conducting deals worth in the hundreds of millions. There is no shortage of courses that train you in fields directly related to finance, economics and accounting. But it’s a broad area where many different career paths can lead you to a job with a bank, including law, computer science, business and mathematics. The work can range from customer service to performing advanced mathematics to predict the stock market.
Skills
Key Facts
people employed in financial services
of the worlds top 50 banks have operations in Ireland
employed in Fintech
international funds servicing and trustee/custodian banks in Ireland
Labour Market Information
The future demand for business and financial skills is likely to be affected by the impact of Brexit. Numerous financial services firms have applied for authorisations to operate in Ireland; should these companies relocate from the UK to Ireland, demand will increase for medium and high skilled persons to work in the financial sector. On the other hand, the demand for business skills may be negatively affected by exposure to a decrease in demand for exports of goods and services to the UK.
There were approximately 106,002 people working in financial services at the end of 2017, such as banking. The sector is growing, with the numbers of people employed in higher end financial jobs increasing by 5% between quarter 4 2012 to quarter 4 2017. The SOLAS Vacancy Overview 2018 found that there is most demand for highly skilled employees in the areas of risk, compliance and regulatory affairs.
In this Sector...
Investment Banking
The goal of investment banking is to generate greater profit by investing in foreign exchange, bonds and on the stock market. They are the go between for investors and the organization issuing the securities.
Commerical Banking
As a Commercial Banker, you will be looking after the bank's high value customers who deal in enormously large amounts of money. But commercial banking can also mean working with small businesses looking to finance more modest investments.
Financial Services
Financial services are a broader range of supports and services offered to manage money and facilitate transactions. These include fund management and administration, portfolio management, underwriting, financial advice and credit card companies.
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