Best PAid Jobs?

Connery

Hi Guys,

What are the best paid jobs in Ireland? What professions are in demand?

keep posting

Suaimhneach

Hi Connery,

That is a hard question to answer, on a Graduate level. In general I think going in the route of a Graduate Programme or with a job specifically geered towards recent graduates will get you on the best path both career and salary wise.

However, with the current economic situation and less oppertunities these things are changing and there is no one simple answer.

Additionally, I think that one should never choose a job based on salary, and rather passion or interest. Life will be much richer in this case.

Darren1o1

Typically without going into very specialist programs or post graduate the big earners out of graduation are Health (Medicine, Radiology etc), Engineering & IT and Accounting. I am sure there will be arguments but professional degrees normally have the edge with that regard. As Jes said I would go for something you like and have aptitude for. Remember you will be doing this for 40 hrs a day for the next 50 odd years. It should not be something you resent otherwise you will be miserable.

DJDC

1) Investment Banking (still well paid)
2) Barrister
3) Doctor
4) Dentist
5) Entreprenuer

Apart from 5) which requires vast amounts of luck and talent, there is huge barriers to entry to 1) to 4) in terms of Leaving Certificate points, years required of college education and nepotism. In short there is no easy way for graduate to make a lot of money. Most graduates just end up in average IT, engineering, accountancy and admin roles on average money. There is no easy formula to a highly paid job.

pisslips

The sector is irrelevant,to make money you just need to be able to do anything that noone else or very few others can do but thats also required.

That could be barrister or philosopher or deep-sea welder.

MrMiyagi

The best paid job in Ireland is a white collar criminal.

The quangos arent currently hiring due to the economic down turn and there isnt going to be another election until next december.

MrMiyagi

Darren1o1 wrote: »

40 hrs a day .

Whats your secret

Suaimhneach

MrMiyagi, perhaps you could direct your anger in regards to the economy to this thread. And please try to keep it constructive.

Darren1o1

MrMiyagi wrote: »

Whats your secret

*week, typo.

MrMiyagi

Connery wrote: »

Hi Guys,

What are the best paid jobs in Ireland? What professions are in demand?

keep posting

Money isnt everything.

A well paid job that isnt for you is like spending 8 hrs a day in jail. Plus a well paid job generally involves more than 8 hrs a day.

Suaimhneach

Not true anymore.

ixus

Politician
Union president
ESB/Erigrid

In Eire anway.

hobochris

Consultant seems to be one of the best positions regardless of field. You can't just walk into that role though.. as its generally experience that people hire a consultant for, which is something that as a graduate you'll have very little of..

MrMiyagi

kartick wrote: »

Best job is in Finance sector.

read newspapers much?

cerebus

MrMiyagi wrote: »

read newspapers much?

Believe it or not, some newspapers seem to be saying that finance is not a bad place to be right now... see Monday's WSJ:

http://online.wsj.com/article/SB124381953225670925.html

Some of the article - more at the link above:

WSJ wrote:

HEARD ON THE STREET - JUNE 1, 2009
Banking Bounce Raises Pay Stakes

By SIMON NIXON

The world is still in recession, businesses are folding and workers are losing their jobs, but this could turn out be a fruitful time for investment bankers. Nearly halfway through the year, 2009 is shaping up well for leading firms when it comes to profits and bonuses.

The last few weeks have provided plenty of evidence that the investment-banking market is heating up. Banks that see themselves as winners from the crisis, including Barclays, Credit Suisse, HSBC and Deutsche Bank, have embarked on hiring sprees, offering huge salaries. In some cases, recently reviled multiyear guaranteed bonuses have reemerged.

Meanwhile, Morgan Stanley and UBS are increasing base salaries for some. And the former set aside a higher-than-usual 68% of net revenues for compensation in the first quarter. Even bankers without guarantees are starting to dream of healthy payouts this year, while benefiting from the rising value of shares or options issued when valuations were low.

</snip>

Suaimhneach

According to http://www.eirjobs.com/news/that-e11000-a-day-job/, in 2007:

Well figures released today suggest that Bank of Ireland (www.boi.ie) chief executive Brian Goggin earned almost €4m in the 12 months to the end of March or €3,998,000 to be precise, or just under €11,000 a day.

The highest paid jobs would change frequently, depending on economy and demand.

Cyrus

DJDC wrote: »

1) Investment Banking (still well paid)
2) Barrister
3) Doctor
4) Dentist
5) Entreprenuer

Apart from 5) which requires vast amounts of luck and talent, there is huge barriers to entry to 1) to 4) in terms of Leaving Certificate points, years required of college education and nepotism. In short there is no easy way for graduate to make a lot of money. Most graduates just end up in average IT, engineering, accountancy and admin roles on average money. There is no easy formula to a highly paid job.

1) - no jobs in investment banking at the moment, and the industry is bonus driven, no bonuses being paid
2) - most barristers give up after 5 years because they cannot make a living from it, some make it big, but they are the minority
3/4) make a decent salary but again a gp/local dentist wont be rolling in it, a consultant/surgeon/orthadontist is where you need to be
5) depends on what your business idea is :pac:

you left out accountancy, much like a lot of the rest, once you qualify you make a decent salary, if you excel, you will make a lot of money.

LimeFruitGum

Apply for the next round of Civil service exams! Pay is pretty decent when you're out of college and you can get to travel as well, depending on what department you end up in.

cerebus

Cyrus wrote: »

1) - no jobs in investment banking at the moment, and the industry is bonus driven, no bonuses being paid

Not to sound like a broken record, but it looks like Goldman Sachs may well be paying out some very large bonuses based on their performance so far this year - story from the Guardian is here.

Finding a job in IB could well be hard though, so good luck to anyone who decides to go that way!

DJDC

Was just about to link the GS bonus story until you got there before me. Believe it or not theres quite a lot of money in markets at the moment because theres less competition and desks can price in larger spreads. So in 2007 when there was Bear Stearns, Lehman etc. trading CDS or whatever liquidity was greater and spreads were lower. Bid/Ask spreads are slowly come back together but its going take time.

Getting in is very very difficult but if you are clever enough and determined enough its possible.