Masters in Banking in Ireland

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Highlights of Studying MSc in Banking in Ireland

  • 10 out of 10 global finance and accounting fortune companies are in Ireland

  • 19500 new jobs expected by 2020

  • 19500 new jobs expected by 2020

  • 98% employability rate after course completion.

  • Entry Requirement is just 60%.

  • 2 years of post-study work permit.

  • Banking in Ireland is part of Critical Skills Occupations Lis




Banking in Ireland


A brief introduction about Banking:

inancial sector amicably. Plus these courses will allow every student to learn ethical behavior and the concept of corporate governance. All over the world Ireland’s financial sector research and development are revered to be the most authentic. Being part of such a comAll the banking courses in Ireland aim the overall development of the individual. These courses will expose the student to leadership qualities and instill confidence to confront the emerging dynamics of the economy. Masters in Banking in Ireland is apt for students who are looking to develop a profound knowledge base in this field. They will be able to comprehend the banking, risk management, and the fmunity of advancing economic fundamentals will help every student evaluate the world financial structure.

When it comes to MSc in Banking in Ireland, the course will take a student through the theoretical and methodical approaches of the finance sector. It will lead to the inhabitation of decision-making skills with reference to financial services.

The current global world is more connected than ever before. The financial development has led to a better understanding of the effects of one instance on the other country. For example, the Sub-Prime crisis in the USA in 2008 created a large ripple in the world economy. It disrupted the currency standings of several countries which were heavily connected to the value of Dollar. Hence, it has become all the more important to get a clear understanding of how the world economy works and how best to mold it for a better and sustainable future.

Banking in Ireland for international students:

The splendid lush green countryside of Ireland has got it the name, Emerald Isle. But this is not the only reason why a number of international students are drawn to this country. Already there are giant organizations like Google and Microsoft reaching to the shores of Ireland. Continuing on the same trajectory, we will grow up to new Ireland which is the center of the world when it comes to development and growth.

The international student community of Ireland is 35,000 students strong. In this, the scope of banking in Ireland draws even more students to the country. This is because there is a huge potential for them to grow with the ever-changing economic structure all over the globe. As far as the scope of studying banking degrees and courses in Ireland is concerned, it can be said that:

  • It will help you understand how the banking sector works and how can you manage it effectively. This is especially when a number of stakeholders are a part of this sector.
  • Each and every student will be able to expand his/her knowledge base with regards to the understanding of different concepts of this sector.
  • More importantly, it will help the students develop a critical mind and become a problem solver.
  • With special reference to banking in Ireland for Indian students. They will be able to develop the necessary skills and expertise which are collaborative with the modern financial institutions.
  • Ultimately, all the banking and financial courses in Ireland will lead to the development of a specific skill set. This skill set will allow every learner to forward financial sustainability and become an avid decision maker.
    To answer why to study banking in Ireland, the answer is that it will lead to not only professional development. But also enhance the personality of the student along with giving a profound understanding of this sector.

Banking curriculum in Ireland:

As far as the banking curriculum Ireland is concerned a student’s admission to any one of these institutions will explain the curriculum. But if we are to talk about a general perspective on the curriculum it consists of courses and programs like:

  • Ethics and Corporate Governance
  • Financial Institutions Risk management
  • Corporate Finance
  • Asset Management
  • Business Strategy
  • Tax or Estate Planning
  • Retail Financial Services
  • Capital Markets
  • Treasury Management
  • Derivative Security
  • International Finance
  • Asset pricing

This list is never-ending. Plus with the changing times, we need new strategies for the better and holistic development of an individual. The banking syllabus in Ireland is carefully curated to include the past, present, and future concepts into the subject matter.

The curriculum is such that it will cater to all types of students who are here to learn. For beginners, there are Bachelor’s courses to learn the basics and start off with lightweight concepts of banking. Moving forward those who are looking to gain insights into the complex and intricate work concepts of the economy and banking. There are Master’s degrees and courses. These courses are specifically developed for those whose aim is to pursue banking as a full-time career option. Banking is an important sector and globally, Ireland provides few of the top courses for Masters in Banking in Ireland in the world such as MSc in Finance (Banking and Risk Management) from University College Cork.

The best courses for MSc in Banking in Ireland are:


List of Universities for Banking in Ireland

Courses for Banking in Ireland

University College Cork MSc in Finance (Banking and Risk Management)
Technological University Dublin (Dublin) MSc in Banking & Finance (International)


Top Ranked Banking Universities in Ireland:

There are some top-notch educational institutions of the world which call Ireland their home. The first PM of India was a proud alumnus of the Trinity College of Dublin. But, when it comes to banking Universities in Ireland, here is a list of the best of them. The list of universities for MSc in Banking in Ireland is given below:

  • University College Cork
  • Technological University Dublin (Dublin)

These are some of the best colleges for MS in banking in Ireland. They are the most prominent institutions in the country. The courses and curriculum appropriated by them have set a benchmark of business studies in the nation. There are other courses in some of the finest universities in Ireland which are relevant to banking including actuarial science and finances. They are listed in their specific section of this website.

Entry Requirement for Banking in Ireland:

For foreign students, there are set entry requirements for banking in Ireland. These conditions are set keeping in mind the scope of the subject and the ability of the students to learn in a dynamic environment. These documents are to be submitted at the time of admission.

  • Minimum eligibility is a pass certificate of 10, 12 or the bachelor's degree.
  • IELTS or TOEFL pass scores.
  • For those who were earlier working, they need to present two letters of recommendation from the previous employer.
  • The foreign students also need to present thier Statement of Purpose.
  • Academic Resume
  • Sufficient funds proof
  • Health Insurance
  • A duplicate copy of the passport.

In this, the statement of purpose is an essential requirement by every college and university in Ireland. The SOP will contain information spanning from student’s life, the motive of studying abroad. It will also highlight the reason for the chosen path along with future goals and plans.

For entry into Masters in Banking in courses, the requirements are as follows:

  • First or upper second class degree in the business subject with honors. Plus, the university or college will require a translated and certified educational certificates if originally they are not in English.
  • Academic References
  • A student can also attach previous work experience with the submitted documents

Most importantly, the eligible age for entry into the basic Bachelor’s degree course in Ireland is 18 years. Plus, the student needs to obtain at least 60% marks in his/her immediate previous course, class or degree.

The entry requirement for Masters in Banking in Ireland for all the institutions is given below:

List of Universities for Banking in Ireland

Entry Requirement for Masters in Banking in Ireland (Percentage or CGPA)

University College Cork 65% or 6.5 CGPA
Technological University Dublin (Dublin) 60% or 6.0 CGPA


English Language Requirements for Banking in Ireland:

Today, English is widely spoken in the country. As much as 99% of the population of Ireland can speak and understand English. But out of this 99 %, 36% of middle Irish citizens prefer to speak Irish over English. It is evident that English has replaced Irish as the national language of the country. Hence, with regards to the English Language requirement of banking in Ireland, foreign students have to fulfill some considerations.Therefore there is a specific English Requirement for MSc in Banking in Ireland.

Every educational institution in Ireland requires a student to pass certain English language tests with a minimum proficiency. Without the approval of the exam taking authorities and a low band score, the students will not be able to gain admittance into the country, let alone into a university.

  • In Cambridge Proficiency Exam the minimum score that has to be obtained is Grade C.
  • Cambridge Advanced Exam calls for an overall Grade B or above.
  • With reference to the Pearson PTE test, the minimum score is 63 for some degree courses.

Now, there are some differences in the procedures of different universities. These differences are that some universities accept 4-5 proficiency tests. On the other hand, some universities will only accept IELTS, TOEFL and PTE. These two tests are common for all the colleges and universities. Every single student coming for banking courses in Ireland needs to be prepared to give any of these tests. The english requirements for Masters in Banking in Ireland is as follows:

Test

University

Institutes of Technology

IELTS 6.5 with no section below 5.5 6.5 with no section below 5.5
TOEFL 90 92
PTE 63 62


IELTS Requirements for Masters in Banking in Ireland

IELTS: the non-native speakers need to pass the IELTS exam and achieve a score of 6.5 and nothing less than 6.0 band. It is one of the most commonly taken tests for students whose first language is not english. It tests your reading, writing, listening and speaking skills and grades each of the skills on a score of 10. After that an overall score is calculated and is also graded on point scale of 10.

The IELTS scores for MSc in Banking in Ireland is as follows

List of Universities for Banking in Ireland

IELTS Requirement for Masters in Banking in Ireland

University College Cork 6.5 with no section below 5.5
Technological University Dublin (Dublin 6.5 with no section below 5.5


TOEFL Requirements for Masters in Banking in Ireland.

TOEFL: for TOEFL, the student needs to score at least IBT 90. TOEFL is another widely taken test by non native speakers of the English Language. Your reading, writing, listening and speaking skills are tested and you are graded on the basis of those four modules. The minimum TOEFL scores for MSc in Banking in Ireland is as follows:

List of Universities for Banking in Ireland

TOEFL Requirement for Masters in Banking in Ireland

University College Cork 90 (17 in listening & writing, 18 in reading & 20 in speaking)
Technological University Dublin (Dublin) 92


PTE Requirements for Masters in Banking in Ireland.

Pearson’s Test of English is another test that is undertaken by students to secure an admit in any of the top universities. It also grades you on the four modules of reading, writing, listening and speaking. The PTE scores for MSc in Banking in Ireland is given below:

List of Universities for Banking in Ireland

PTE Requirement for Masters in Banking in Ireland

University College Cork 63 with no section below 59
Technological University Dublin (Dublin) 62


Tution Fee for Banking in Ireland:

Different Universities and Colleges in Ireland offer the Graduate, Post-Graduate, and other banking courses at variable prices. For a graduate course, the banking course fee starts at € 24,800. The graduate courses will develop in a student the basic concepts of the respective course curriculum.

Moving forward, the Post-Graduate course follows a Master’s level curriculum which includes, financial research and professional report writing. For international students banking in Ireland, the cost ranges between € 15,250 to €18,000. The average cost for banking in Ireland differs depending on the universities.

When it comes to EU students, all the banking courses Ireland are free.

However, there are additional living costs which the student has to bear for continuing studying in Ireland. There are rent and accommodation costs which start at €427 and the food costs are €167 for a student.

Although there is the option of Education loan for banking in Ireland for Indian Students. There are a few pre-requisites for this:

  • Indian Citizenship
  • A strong Academic Record.
  • The Education loan is only applicable for Graduate and Post-Graduate courses.
  • Plus, you will only get 80% of the course fee as the loan amount and the rest 20% you would have to arrange yourself.

The tuition fee for MSc in Banking in Ireland is as follows:

List of Universities for Banking in Ireland

Tuition Fee for Masters in Banking in Ireland

University College Cork €18,000
Technological University Dublin (Dublin) €15,250


Job opportunities in Ireland after Masters in Banking:

There are an ample amount of work opportunities in Ireland after you complete your degree course. Job Opportunities after MSc in Banking in Ireland depend on the area of expertise chosen by the student. For Non-EU students, however, there are a few prerequisites that are essential. This includes a certification by the hiring company that any EU or Irish student cannot replace the Non-EU employee in the future. This means that the company is claiming that did not find any other candidate suitable for this job role.

  • Accounting Manager: An Accounting Manager has the responsibility to analyze the financial activities of an organization. He/She will implement the financial policies and work schedules in the company.
  • Financial Analyst: the job opportunities after banking in Ireland include becoming a Financial Analyst. The job responsibilities include guiding the banks, and other insurance companies to make marketing investment decisions.
  • Investment Banker: An investment banker will work in organizations like the Irish Stock Exchange. Here the responsibilities include dabbling with stocks and helping the client get the best stock shares.
    All the banking and finance courses in Ireland will train you to understand the aspects and dynamics of the financial sector in the world. These courses are interlinked with the current global banking trends and hence will help you gain immense knowledge about the banking system and policies. As for the job opportunities after banking in Ireland is concerned, you can be a part of some global financial or banking organization operating in Ireland. For non-EU students, there are some extra measures that need to be fulfilled. These range from getting work permit or applying for a Green Card.

Banking Companies in Ireland:

After studying banking in Ireland you will be able to work at some of the top banking companies in Ireland. These global organizations operate in Ireland because of its potential to become a world economic leader. Here is a list of top banking companies where you can work in Ireland.

  • Bank of Ireland
  • AIB
  • Goldman Sachs
  • Central Bank
  • Irish Life
  • Citibank
  • Intesa Sanpaolo Life
  • DLL Ireland
  • Zurich Insurance
  • Ballynahinch
  • Irish Stock Exchange
  • FEXCO
  • Aviva Group Ireland PLc


Average Salary in Ireland after Masters in Banking:

The banking salary in Ireland for graduates begins at €28,000/annum. A Financial Analyst will as much as €31,000 to 33,000 per annum.
A job role in Finance Control and Strategy will help a student bag $71,000 every year on an average.
For a Master’s degree holder, the starting remuneration with a banking job is €47,000/year. A financial Advisor in Ireland can earn something in between €25,000 to €61,000/year.

Professional Associations Related to Banking in Ireland


  • CISI Financial Services
  • Irish Funds Industry Association
  • Financial Services Union
  • Association of Professional financial Advisors
  • Association of Account Technicians
  • Society of Financial Planners of Ireland
  • The Institute of Certified Public Accountants in Ireland
  • The Institute of Bankers in Ireland
  • Chartered Accountants Ireland





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