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Best Career : Employment rate and Pay

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24567…16

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    #32
    Fred Cryton
    Registered Users Posts: 977 ✭✭✭Fred Cryton


    OMM 0000 wrote: »
    GPs are loaded.

    Let's not pretend you're not in things for the money if you don't choose to go for the highest paying role.

    Lots of people (everyone?) go into finance for the money but most don't try to be CFOs.


    You haven't a clue. GP's are on pretty moderate incomes, paying a huge amount of tax. There's also no pension contributions from their employer so they have to pay their entire pension themselves, basically another mortgage every month.


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    #33
    bob mcbob
    Registered Users Posts: 971 ✭✭✭bob mcbob


    FHFM50 wrote: »
    What would currently be the best career to choose in Ireland at the moment in terms of salary, employment prospects,stress,etc,...

    I know you should follow what interests you but for the sake of argument say if an individual did not have specific interests and just wanted something with great pay,moderate stress and good job prospects what would it be?

    I assume you are asking this as you are starting out on your career so I would answer this question for you a different way. Rather than looking at what is hot career now - why not consider what will be a hot career in 10 years time and try and get in on it now. That way you will ride the curve in that area.


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    #34
    OMM 0000
    Registered Users Posts: 3,733 ✭✭✭OMM 0000


    Fred Cryton wrote: »
    You haven't a clue. GP's are on pretty moderate incomes, paying a huge amount of tax. There's also no pension contributions from their employer so they have to pay their entire pension themselves, basically another mortgage every month.

    Why do tons of GPs live in Blackrock?

    Yeah, people on moderate incomes can live there! :rolleyes:


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    #35
    Geuze
    Registered Users Posts: 13,159 ✭✭✭✭Geuze


    Fred Cryton wrote: »
    You haven't a clue. GP's are on pretty moderate incomes, paying a huge amount of tax. There's also no pension contributions from their employer so they have to pay their entire pension themselves, basically another mortgage every month.

    GPs are typically self-employed.

    GPs in France charge 25 euro.

    Although, to be fair, the GMS payments can mean that private patients subsidise the GMS patients.


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    #36
    LollipopJimmy
    Registered Users Posts: 5,442 ✭✭✭LollipopJimmy


    Fred Cryton wrote: »
    You haven't a clue. GP's are on pretty moderate incomes, paying a huge amount of tax. There's also no pension contributions from their employer so they have to pay their entire pension themselves, basically another mortgage every month.

    Newly qualified GPs earn about 75k, after a number of years this climbs to over 6 figures.


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    #37
    FFVII
    Registered Users Posts: 1,382 ✭✭✭FFVII


    Fred Cryton wrote: »
    You haven't a clue. GP's are on pretty moderate incomes, paying a huge amount of tax. There's also no pension contributions from their employer so they have to pay their entire pension themselves, basically another mortgage every month.
    GPs are contractors to HSE, their 6 figure pay is public info. What tax you think they pay on that?

    Not including private patients, how many of them still stick the €50 in their pockets in this setting?

    I'm probably paying more tax.


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    #38
    thomasdylan
    Closed Accounts Posts: 514 ✭✭✭thomasdylan


    LollipopJimmy wrote: »
    Newly qualified GPs earn about 75k, after a number of years this climbs to over 6 figures.

    I don't think 75k is a huge amount for a GP to be on. Minimum of 5 years post-graduation experience (almost always a lot more) and on the specialist medical register. I make a good bit more than that with overtime as a hospital reg.

    I'd imagine your high achievers in actuary, finance, IT are earning similar sums to 75k. There's a massive GP shortage now too.


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    #39
    H3llR4iser
    Registered Users Posts: 4,027 ✭✭✭H3llR4iser


    IT is not the "goldmine" people seem to think - actually, the whole progression of earnings, compared to other career paths, is an "inverted U".

    What happens is that the pay rate fresh out of college and for the first 2/3 years tends to compare very favorably to other careers. Very few jobs will have you starting at 35k-45k (50 with a big company) when you're 22-23 with no experience. The problem is that the initial advantage doesn't translate further down the line, as pay progression is usually very slow and pretty much hits a fairly unforgiving ceiling around 70/80k. You will probably get there in 10 years or so, and moving up from there will be next to impossible - unless you manage to move to one of the big players; The problem being, as you can imagine, that EVERYONE wants to work for big tech.


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    #40
    Interested Observer
    Registered Users Posts: 13,039 ✭✭✭✭Interested Observer


    Fred Cryton wrote: »
    You haven't a clue. GP's are on pretty moderate incomes, paying a huge amount of tax. There's also no pension contributions from their employer so they have to pay their entire pension themselves, basically another mortgage every month.

    What are you calling moderate? Give us a number.


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    #41
    newuser99999
    Registered Users Posts: 378 ✭✭newuser99999


    FFVII wrote: »
    GPs are contractors to HSE, their 6 figure pay is public info. What tax you think they pay on that?

    Not including private patients, how many of them still stick the €50 in their pockets in this setting?

    I'm probably paying more tax.

    God you’re a moron.


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    #42
    Lumen
    Registered Users Posts: 31,031 ✭✭✭✭Lumen


    The most reliable way to earn large amounts of money is to harness the economic output of other people.


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    #43
    addaword
    Registered Users Posts: 671 ✭✭✭addaword


    Lecturers in third level, most do very little, have great pay and salvage time off.


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    #44
    ChikiChiki
    Closed Accounts Posts: 4,950 ✭✭✭ChikiChiki


    Truthvader wrote: »
    Aircraft leasing. Can start off doing accountancy appreticeship and move on once qualified. Also through law. Stupid money

    I'd say that airline industry is in a bit of bother and will see a massive retraction in demand. Can't see it coming back to normal levels for a few years or more. Accountantcy is a good area to learn all the same. Very useful across a broad spectrum.


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    #45
    ronivek
    Registered Users Posts: 1,916 ✭✭✭ronivek


    ChikiChiki wrote: »
    I'd say that airline industry is in a bit of bother and will see a massive retraction in demand. Can't see it coming back to normal levels for a few years or more. Accountantcy is a good area to learn all the same. Very useful across a broad spectrum.

    Is there really sufficient demand for aircraft leasing specialists in this country at the best of times? How many people could possibly earn a living in this sector?


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    #46
    ChikiChiki
    Closed Accounts Posts: 4,950 ✭✭✭ChikiChiki


    ronivek wrote: »
    Is there really sufficient demand for aircraft leasing specialists in this country at the best of times? How many people could possibly earn a living in this sector?

    Over 50% of the world's aircraft leasing companies are based here. There are a lot of company's scattered around the city but I'd imagine incredibly tough to get into. Not entirely sure how big their workforces are.


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    #47
    rubber duk
    Registered Users Posts: 16 ✭rubber duk


    Don't forget the trades, carpenters, plumbers and electricians earn excellent money, the work can be very rewarding in non financial terms as well. Good ones rarely out of work....


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    #48
    ronivek
    Registered Users Posts: 1,916 ✭✭✭ronivek


    ChikiChiki wrote: »
    Over 50% of the world's aircraft leasing companies are based here. There are a lot of company's scattered around the city but I'd imagine incredibly tough to get into. Not entirely sure how big their workforces are.

    Wow; had never even heard of that type of work being available here to be honest.

    To answer the original question there is still plenty of demand for good Software Developers. However you would need to be quite good to get onto good money quickly; and future growth beyond the next few years is not necessarily assured.


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    #49
    CBear1993
    Banned (with Prison Access) Posts: 1,397 ✭✭✭CBear1993


    Whats the study route into aircraft leasing? As in a postgrad / masters for someone who’s already in a career they hate..

    Interesting no one has mentioned construction - whether professional or trades. I’m not advocating it, as I hate it with a passion at present.

    Some lads stealing a living as site managers and a project manager aged 38 was on €95K on a job I was on before Xmas.. he was stone useless, I wouldn’t let him do up my garden. Made me angry being on €60K in my mid 20s. (Which I shouldn’t)

    A lot of brown nosing and that goes on but you can jump the ranks very quickly in construction firms, whether it’s a contractor, consultancy, developer etc.
    tradesmen who are good then start their own firm and have gangs of lads under them make a mint too.

    But I do understand no young people ever want to go into construction, and I don’t blame them. A complete and utter corrupt sh*tshow of an industry, especially in Ireland . Some can hack it. But they aren’t people you’d want to work alongside or with. The majority in power are grade A wan*ers


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    #50
    Hairy Japanese BASTARDS!
    Closed Accounts Posts: 443 ✭✭Hairy Japanese BASTARDS!


    Teaching.
    Start at 34k.
    Almost impossible to fire.
    No performance reviews.
    Lots of holidays.
    Guaranteed pay increase.
    Earn up to 65k with no increase in responsibility.
    Less than 40 hours working week.
    Pension is gold-plated and safe.


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    #51
    rounders
    Registered Users Posts: 323 ✭✭rounders


    FHFM50 wrote: »
    Thanks for the feedback everyone. I've been struggling sometime now trying to decide what I want to do.

    I enjoy subjects like Maths and Business.Not a big fan of reading. I tried software development but I just found it wasn't for me personally. The deadlines and lack of social interaction were tough


    Sounds like you have simular interests as me. I'm working in systems consulting. No coding, instead I'm working with large companies getting them setup on our systems. A lot of social interaction working with lot of different customers and colleagues.



    Pay is decent, just under 60k in my mid 20's but as mentioned, stress can be high. All depends how well you handle that stress when it really hits.



    My advice if you're getting into this area, go for the software venders in the cloud (properly). Avoid Oracle, poor culture and legacy tech. If you're trained on legacy tech your value will decrease over time rather than increase with new tech such as cloud based stuff


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    #52
    newuser99999
    Registered Users Posts: 378 ✭✭newuser99999


    CBear1993 wrote: »
    Whats the study route into aircraft leasing? As in a postgrad / masters for someone who’s already in a career they hate..

    Aviation finance in UCD I’d imagine


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    #53
    ChikiChiki
    Closed Accounts Posts: 4,950 ✭✭✭ChikiChiki


    ronivek wrote: »
    Wow; had never even heard of that type of work being available here to be honest.

    To answer the original question there is still plenty of demand for good Software Developers. However you would need to be quite good to get onto good money quickly; and future growth beyond the next few years is not necessarily assured.

    Yeah Ireland the biggest leasing base globally. You could be out thousands of miles away in Timbuktu and you might see a widebody aircraft with local carrier branding and an Irish flag on the tail. Chances are its owned by a firm based in the IFSC.


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    #54
    wonski
    Registered Users Posts: 13,687 ✭✭✭✭wonski


    ChikiChiki wrote: »
    Yeah Ireland the biggest leasing base globally. You could be out thousands of miles away in Timbuktu and you might see a widebody aircraft with local carrier branding and an Irish flag on the tail. Chances are its owned by a firm based in the IFSC.

    The question is if most of those well paid employees are based in Ireland or are the companies just registered here with most of its services outsourced elsewhere.

    Also just working for leasing company is a very broad term. Sure money can be made anywhere these days.


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    #55
    eurozonelady
    Registered Users Posts: 44 ✭eurozonelady


    Think about how much time you're willing to invest to get there and how much ot your time will be required once you get there.

    As you go through various life stages will you be able to balance your work life vision for yourself?

    To answer your question: start your own consultancy company. Full control of rates, clients you take on and do it in a sector which is a natural fit for you.


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    #56
    Geuze
    Registered Users Posts: 13,159 ✭✭✭✭Geuze


    ronivek wrote: »
    Is there really sufficient demand for aircraft leasing specialists in this country at the best of times? How many people could possibly earn a living in this sector?

    https://www.cso.ie/en/releasesandpublications/ep/p-ali/aircraftleasinginireland2018/


    2018 = 1,971 staff

    Average earnings = 207k


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    #57
    Geuze
    Registered Users Posts: 13,159 ✭✭✭✭Geuze


    ronivek wrote: »
    Wow; had never even heard of that type of work being available here to be honest.

    Aviation leasing is not well known, doesn't employ many, but makes a disproportionate impact on our national output figures.


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    #58
    Sheep Shagger
    Moderators, Business & Finance Moderators Posts: 6,263 Mod ✭✭✭✭Sheep Shagger


    Based on various boards threads, IT seems to be the best....mid to late 20s in age, already on €80k still with room for growth.....if you are to believe it.


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    #59
    CBear1993
    Banned (with Prison Access) Posts: 1,397 ✭✭✭CBear1993


    Sheep Shagger wrote: »
    Based on various boards threads, IT seems to be the best....mid to late 20s in age, already on €80k still with room for growth.....if you are to believe it.

    Yeah work life balance would be the big one though.

    Since changing to a standing desk in January I don't think I could ever go back to sitting down all day at a computer.


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    #60
    El Tarangu
    Registered Users Posts: 1,616 ✭✭✭El Tarangu


    One thing to factor into your considerations is how well your qualifications travel - actuaries make great money, but AFAIK their qualifications are only valid in Ireland and the UK. So, if you planned on moving abroad after college, it might make sense for your personal life to study some less-specific finance degree.


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    #61
    Creamy Goodness
    Registered Users Posts: 26,558 ✭✭✭✭Creamy Goodness


    Sheep Shagger wrote: »
    Based on various boards threads, IT seems to be the best....mid to late 20s in age, already on €80k still with room for growth.....if you are to believe it.

    80k is totally doable in IT and more. however you'd have to be very specialised and or jump ship a lot to get there in your 20's. if you don't specialise or jump ship often it'll take a few more years mid-30's/early 40's.

    Also there's a lot of people who are given shares in form of options/RSU's and especially companies who haven't floated yet and count this as part of their salary as that's how it's sold to them. they aren't written the paper they're written on until they vest and considered salary is strange in my opinion.


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