Working in financial services is a rewarding career. Financial professionals provide various services, including investment advice, risk management, financial analysis, and portfolio management. Specialists must have strong technical skills in areas including mathematics, economics, and interpersonal skills, including communication and negotiation skills.
Due to the dynamic nature of this field, people with the right qualifications have excellent prospects for personal and professional development.
What are the best pathways to a career in financial services?
Completing a relevant third-level course is the best way to begin a career in Financial Services. Third-level degrees in economics, science and technology, mathematics, and the humanities can all help to kick off a successful financial services career. Real-world experiences in an internship or graduate programme are also great ways to start a career in the sector.
Professionals from other industries need professional qualifications to break into the financial services arena as it is a highly structured industry (e.g., qualifications offered by the Institute of Banking).
What are the top soft skills needed for a career in financial services?
Working in the financial services sector requires a unique set of soft skills. The ability to problem-solve, think critically and demonstrate strong organisational skills are vital.
Professionals must also be able to communicate effectively and work well within a team. Interpersonal skills, including negotiation and conflict resolution, are important, as is the ability to remain calm under pressure and deliver excellent customer service. Additionally, skills such as mathematics and economics are necessary for many roles in the industry.
What benefits can financial services candidates expect to be offered?
Candidates in the financial services sector can look forward to a range of rewards and benefits. These include competitive salaries, medical insurance, a company pension plan, and an annual bonus. For more senior roles, some companies may even offer equity. Job seekers should always research employers to get an accurate understanding of the type of benefits available.
What flexible working arrangements can a financial services candidate expect?
In Ireland's financial services sector, flexible working arrangements are becoming common. Most organisations offer a hybrid work model, which includes three days a week in the office, and two days remote. Many employers also offer fully remote working as an option, depending on individual circumstances.
How does company size affect financial services salaries?
Salary expectations in the financial services sector are not determined by the size of a company. All employers, irrespective of their size, compete in a competitive market and offer salaries that align with industry standards.
How does higher education or other learning and development affect salaries in financial services?
Holding a master's degree or PhD can demonstrate valuable expertise in the field of financial services. Many employers require professional qualifications like APA or QFA for positions in banking, insurance, or funds. Higher education is beneficial regarding salary, though it depends on how related they are to the role.
What salary growth levels should employees expect to see?
Banking - 10%-15% increase annually
Funds & Asset Management - 10%-20% increase annually
Insurance - 10%-15% increase annually
Ready to begin your financial services career?
Are you interested in launching your career in the dynamic financial services sector? Ireland is home to plenty of opportunities, ideal for those seeking a challenging and rewarding career.
Visit our live financial services jobs to learn more about marketing positions in Ireland. Get career advice delivered directly to your inbox by subscribing to our newsletter today.