Where the Jobs Are: Dublin

Ireland Aug 28, 2019 No Comments

The Republic of Ireland could be one of the countries most affected by the United Kingdom’s (UK) exit from the EU (Brexit). It shares a border with Northern Ireland, which is part of the UK, and Great Britain is Ireland’s second-biggest trading partner. There is a concern that different trade standards and the restriction of free movement of people and goods across the border will cause disruption and provoke civil disobedience.

However, the pending Brexit vote has actually been a boost to Dublin’s economy. Several major financial institutions based in the UK have moved or expanded their operations to Dublin to maintain their EU foothold, and some job growth is expected as a result. EY’s Financial Services Brexit Tracker reports that Dublin remains the top destination for firms looking to relocate.

Dublin is Ireland’s business and finance capital with an unemployment rate of 4.9%, about the same as the national rate. This is the first time the unemployment rate has fallen below 5% since 2007. Dublin’s employment level is increasing faster than the nation’s as a whole. In fact, the capital and the Mideast region are projected to have above-average job growth through 2040.

Key Industries

Dublin, along with the Mid-East region, accounts for the largest proportion of white-collar employment (managers, professionals, associate professionals, and administrative workers) in the country.

The private sector dominates the local economy, employing nearly two-thirds of the workforce. Key industries include information and communication technologies (ICT), financial and business services and tourism. However, the city’s public sector saw the fastest year-over-year employment growth, driven in large part by the public administration sector, which expanded by nearly 30%. Manufacturing and construction constitute only a small portion of the workforce.

Areas of Job Promise

A recent survey of Irish recruiters found that more than half of the positions they found most difficult to fill were in science, research, engineering, and technology. Business, media and public service occupations accounted for another 12%, and health care positions 9%.

Economic development agency IDA Ireland highlights the following sectors as the most promising for future growth:

  • Clean-tech
  • Business services
  • Financial services
  • ICT: cloud computing; software; web technologies
  • Internet of things (IoT)
  • Engineering
  • Medical technology and biopharmaceuticals

Tourism

Growth in Dublin’s tourism sector has been on a steady incline. Passenger arrivals at the Dublin airport hit a new record last year and overseas tourism spending in the city increased by more than 15%. TripAdvisor’s annual Travellers’ Choice Awards listed Dublin as Ireland’s best-rated destination, and last year, National Geographic Traveler magazine listed Ireland’s capital as one of the 21 ‘Places You Need to Visit.’

Where the Jobs Will be this Year

Sector Fields/Skills Most In-Demand
Financial services/insurance Risk and compliance within asset management; insurance professionals with compliance experience
Engineering Automation engineers: pharmaceuticals, medical device R&D
International Multilingualism: German, Dutch, French
Marketing Content managers
Sales Business developers and account managers (especially candidates fluent in European and emerging market languages)
Technology Software engineers/developers: Java (React), monolith legacy apps/platforms and data center experience

Source: CPL

Salaries

Ireland’s highest salaries are found in Dublin. The latest figures show that the average disposable income in Dublin is 24,431 EUR, compared to the national average of 20,638 EUR.

Nationally, all industry sectors experienced salary hikes over the past five years. The greatest increase was seen in the administrative and support services sector, while the arts, entertainment, recreation, and other services sector saw the smallest. The average starting salary for new graduates is 28,554 EUR. EY projects that wages will rise annually by between 3% and 3.3% through 2022.

Dublin Salaries for Selected Occupations

Sector Average Annual Salary Range (EUR)
Finance
Accountant (part-qualified – 1 to 3 years of exp.) 35,000 to 42,000
Financial accountant 52,000 to 65,000
Finance manager 70,000 to 95,000
Financial analyst 50,000 to 70,000
Financial controller 85,000 to 130,000
Internal audit manager 70,000 to 95,000
Fund accountant 30,000 to 35,000
Investment analyst 50,000 to 80,000
Risk manager 65,000 to 95,000
Reinsurance claims (1 to 10 years of exp.) 35,000 to 70,000
Biotech
Biomedical engineer 40,000 to 55,000
Quality assurance manager 65,000 to 80,000
Quality Engineer (3+ year of exp.) 50,000 to 65,000
Validation Engineer (1 to 3 years of exp.) 45,000 to 55,000
R&D manager 60,000 to 80,000
Chemist (process, 1 to 3 years of exp.) 35,000 to 45,000
Development chemist (3+ years of exp.) 40,000 to 60,000
Regulatory affairs officer 35,000 to 45,000
Laboratory analyst (1 to 3 years of exp.) 30,000 to 45,000
Clinical data manager 35,000 to 50,000
Business Management and Marketing
Brand manager (1 to 5 years of exp.) 30,000 to 60,000
Business development manager (ICT/health) 60,000 to 95,000
Digital marketing manager 45,000 to 75,000
E-commerce manager 50,000 to 80,000
Regional sales manager (B2B) 65,000 to 80,000
PR/communications executive 35,000 to 45,000
Customer service manager 50,000 to 65,000
Executive assistant 50,000 to 80,000
Human resources director 95,000 to 155,000
Engineering
Environmental engineer 45,000 to 70,000
Engineering manager (manufacturing) 80,000 to 100,000
Mechanical engineer (construction) 45,000 to 65,000
Civil engineer (construction) 40,000 to 65,000
Controls/automation engineer 65,000 to 85,000
Electrical engineer (construction) 45,000 to 65,000
Information Technology
Android/iOS developer 50,000 to 70,000
Front end/UI developer 60,000 to 80,000
Software engineer/development manager 90,000 to 110,000
Database administrator (Oracle/SQL Server/Sybase) 50,000 to 75,000
DevOPs/platform engineer 55,000 to 80,000
Help desk support 28,000 to 35,000
Network engineer 45,000 to 70,000
Games designer 40,000 to 60,000
IT auditor 55,000 to 80,000
Information security consultant 55,000 to 75,000

Source: Brightwater

 

Health Service Executive (HSE), which provides public health care services in Ireland, lists the following starting pay rates for selected medical occupations in the public sector.

 

Occupation Annual Salary (EUR)
Advanced nurse practitioner 56,993
Clinical nurse specialist (general) 49,056
Dental hygienist 35,779
Dental surgeon 60,461
Health care assistant 27,647
Occupational therapist 35,672
Physiotherapist 35,672
Radiation therapist 34,243
Registered midwife 29,346

Source: Health Service Executive (HSE)

Average weekly earnings for professionals in the health care and social work sector are 919.64 EUR. The average annual salary for doctors is 60,706 EUR.



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Editor

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