Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie

Best Career : Employment rate and Pay

Options
12467…16

Comments

  • Options
    #92
    CBear1993
    Banned (with Prison Access) Posts: 1,397 ✭✭✭CBear1993


    +1 Farming:

    Live off the fat of the land and tend to the rabbits and a vegetable patch around the back.

    Like lenny and George


  • Options
    #93
    AndrewJRenko
    Registered Users Posts: 28,387 ✭✭✭✭AndrewJRenko


    vikings2012 wrote: »
    Care to elaborate on this? How do children from a farming family get free houses? And free college?

    SUSI awards grants based on income status. If a Child is getting a full grant their family is not that wealthy. Farmers tend to be asset rich and income poor.

    I also don’t know of any farming family who can give their child a free house. I know farmers who may give their child a site. However, the child still has to incur planning, development and construction costs associate with the build.

    Self employed people, including farmers, have certain opportunities to massage their income figures to produce particular outcomes.

    This might involve timing reinvestment of income back into the business over a particular period. This can reduce profits and income in those years, and fuel the business for growth in the future


  • Options
    #94
    doc22
    Registered Users Posts: 855 ✭✭✭doc22


    AndrewJRenko wrote: »
    Self employed people, including farmers, have certain opportunities to massage their income figures to produce particular outcomes.

    This might involve timing reinvestment of income back into the business over a particular period. This can reduce profits and income in those years, and fuel the business for growth in the future

    Paying a family member a wage be that children or wife to bring them under limits is another


  • Options
    #95
    Interested Observer
    Registered Users Posts: 13,004 ✭✭✭✭Interested Observer


    doc22 wrote: »
    Paying a family member a wage be that children or wife to bring them under limits is another

    Friend of mine in the UK did this. Was making a lot of money contracting, like a lot, and made his wife a director of the company he set up. Everything was written off against tax, even claimed for mileage despite not owning a car.


  • Options
    #96
    doc22
    Registered Users Posts: 855 ✭✭✭doc22


    Interested Observer wrote: »
    Friend of mine in the UK did this. Was making a lot of money contracting, like a lot, and made his wife a director of the company he set up. Everything was written off against tax, even claimed for mileage despite not owning a car.

    Self employed have far more advantages than a PAYE worker. It use to be the tax credit and prsi benefits were in favour of the PAYE worker. Now the Self employed have the same tax credits and pay a reduced PRSI for basically the same benefit that a PAYE worker pays 4 times as much.


  • Advertisement
  • Options
    #97
    nibtrix
    Registered Users Posts: 1,305 ✭✭✭nibtrix


    Geuze wrote: »
    That is why I was careful to say lecturers in IoT.

    Heavily unionised
    Fixed contracted summer holidays = 20/25 Jun until 1 Sep
    No expectation to do research
    No expectation to publish

    Yes, the bar has raised, in that you are now expected to be doing a PdD to get the job.


    Uni lecturers is a different job, really.

    Apologies, I missed that you said IOT. However, the salary scales don't look all that impressive until you get to Senior Lecturer which presumably requires a fair few years of experience first. I'd hardly put it up there with the "top" paying jobs, especially considering it must be a fairly limited field.
    https://www.tui.ie/third-level-pay-pensions/third-level-salary-scales-.2167.html


  • Options
    #98
    addaword
    Registered Users Posts: 671 ✭✭✭addaword


    nibtrix wrote: »
    Apologies, I missed that you said IOT. However, the salary scales don't look all that impressive until you get to Senior Lecturer which presumably requires a fair few years of experience first. I'd hardly put it up there with the "top" paying jobs, especially considering it must be a fairly limited field.

    More the 70 staff across third-level colleges are earning salaries in excess of €200000. Not bad.


  • Options
    #99
    Geuze
    Registered Users Posts: 13,071 ✭✭✭✭Geuze


    addaword wrote: »
    More the 70 staff across third-level colleges are earning salaries in excess of €200000. Not bad.

    Note that most of them are medical consultants.


  • Options
    #100
    addaword
    Registered Users Posts: 671 ✭✭✭addaword


    Geuze wrote: »
    Note that most of them are medical consultants.

    Indeed, still they are not badly paid here. In the depths of our recession 7 years ago, the Indo stated "PROFESSORS at Ireland's two top colleges – which have both tumbled out of the World Top 100 ratings in the past three years – are receiving higher salaries than those at the world's 10 highest ranking colleges like Oxford, Cambridge and Berkeley, and just less than the salary of professors at the world's number one ranked university.

    Full professor salaries at Trinity College Dublin – ranked 110th in the world – and University College Dublin (187th) average €138,350 and €134,150 respectively."


  • Options
    #101
    talla10
    Registered Users Posts: 1,117 ✭✭✭talla10


    Find a job you love and you'll never work a day in your life.

    For me if you're going to work 30-40 years at something at least enjoy it otherwise it'll be a long slog


  • Advertisement
  • Options
    #102
    Geuze
    Registered Users Posts: 13,071 ✭✭✭✭Geuze


    addaword wrote: »
    Indeed, still they are not badly paid here. In the depths of our recession 7 years ago, the Indo stated "PROFESSORS at Ireland's two top colleges – which have both tumbled out of the World Top 100 ratings in the past three years – are receiving higher salaries than those at the world's 10 highest ranking colleges like Oxford, Cambridge and Berkeley, and just less than the salary of professors at the world's number one ranked university.

    Full professor salaries at Trinity College Dublin – ranked 110th in the world – and University College Dublin (187th) average €138,350 and €134,150 respectively."

    Yes, the typical IoT lecturer on 87k at top of scale is well paid.

    Be careful in Ireland with the titles, not all unis use the same terms.

    UCD have Associate Professor, Professor, Full Professor
    https://www.ucd.ie/hr/pay/payscales/

    Associate Professor, known as Senior Lecturer in other Irish uni = 69k to 97.5k

    UCD Professor = 86k to 114k
    UCC prof = 100-117k



    Full Professor I suspect means an Established Chair, many areas would not have one of these:

    UCD = 118 to 151k
    UCC = 118k to 151k

    I'd say there are far more Professors than Established Chairs/Full Professors.


  • Options
    #103
    Geuze
    Registered Users Posts: 13,071 ✭✭✭✭Geuze


    nibtrix wrote: »
    Apologies, I missed that you said IOT. However, the salary scales don't look all that impressive


    I would call top of scale 87k to be good, not massive, but very good.

    Especially with 8 weeks off in July and Aug.


  • Options
    #104
    addaword
    Registered Users Posts: 671 ✭✭✭addaword


    Geuze wrote: »
    Yes, the typical IoT lecturer on 87k at top of scale is well paid.

    .

    Yes, considering the huge time time off. Some I know run other businesses or work at other things as well, they have so much time off. 87 k for a permanent pensionable job with suck pay etc eis not bad, when you consider the large pension.
    The president (their prime Minister) of Spain is only on 72 k. No wonder the local Spanish look on all those Irish lecturers who have holiday homes in Spain as being better paid than their leader. Our country is ******* when you think 87 k is not good pay for a part time pensionable secure job in an Institute of Technology.


  • Options
    #105
    AndrewJRenko
    Registered Users Posts: 28,387 ✭✭✭✭AndrewJRenko


    addaword wrote: »
    Yes, considering the huge time time off. Some I know run other businesses or work at other things as well, they have so much time off. 87 k for a permanent pensionable job with suck pay etc eis not bad, when you consider the large pension.
    The president (their prime Minister) of Spain is only on 72 k. No wonder the local Spanish look on all those Irish lecturers who have holiday homes in Spain as being better paid than their leader. Our country is ******* when you think 87 k is not good pay for a part time pensionable secure job in an Institute of Technology.

    How does your salary compare to your peers in Spain?


  • Options
    #106
    AndrewJRenko
    Registered Users Posts: 28,387 ✭✭✭✭AndrewJRenko


    addaword wrote: »
    Indeed, still they are not badly paid here. In the depths of our recession 7 years ago, the Indo stated "PROFESSORS at Ireland's two top colleges – which have both tumbled out of the World Top 100 ratings in the past three years – are receiving higher salaries than those at the world's 10 highest ranking colleges like Oxford, Cambridge and Berkeley, and just less than the salary of professors at the world's number one ranked university.

    Full professor salaries at Trinity College Dublin – ranked 110th in the world – and University College Dublin (187th) average €138,350 and €134,150 respectively."

    How does your salary compare to your peers in the UK?


  • Options
    #107
    antimatterx
    Registered Users Posts: 2,668 ✭✭✭antimatterx


    talla10 wrote: »
    Find a job you love and you'll never work a day in your life.

    For me if you're going to work 30-40 years at something at least enjoy it otherwise it'll be a long slog

    This. I initially did computer science degree in college because I was chasing money. I'm working in tech now and I absolutely love it. it's a really fun (but challenging) job.


  • Options
    #108
    StringerBell
    Registered Users Posts: 14,022 ✭✭✭✭StringerBell


    In Ireland at the moment, maybe not long term, aircraft leasing is an incredible area to get in to if you are a financial person. Derivatives and investment banking is also an area of finance that pays.

    IT is good, really good if you can get into some consultancy work.

    Law in Ireland is very good, very stable.

    "People say ‘go with the flow’ but do you know what goes with the flow? Dead fish."



  • Options
    #109
    antimatterx
    Registered Users Posts: 2,668 ✭✭✭antimatterx


    StringerBell wrote: »
    In Ireland at the moment, maybe not long term, aircraft leasing is an incredible area to get in to if you are a financial person. Derivatives and investment banking is also an area of finance that pays.

    IT is good, really good if you can get into some consultancy work.

    Law in Ireland is very good, very stable.

    Consultancy/Contracting is my medium term goal. The day rates can be mental.


  • Options
    #110
    CBear1993
    Banned (with Prison Access) Posts: 1,397 ✭✭✭CBear1993


    antimatterx wrote: »
    Consultancy/Contracting is my medium term goal. The day rates can be mental .

    Not poking, but aren’t you still chasing money to a certain extent if that’s your goal?


  • Options
    #111
    antimatterx
    Registered Users Posts: 2,668 ✭✭✭antimatterx


    CBear1993 wrote: »
    Not poking, but aren’t you still chasing money to a certain extent if that’s your goal?

    Oh I 100% am, but I also love the job that I do so the fact I can make great money is a bonus. If it stopped paying as well I would keep doing it, it's a very fun career.


  • Advertisement
  • Options
    #112
    Creamy Goodness
    Registered Users Posts: 26,556 ✭✭✭✭Creamy Goodness


    Bare in mind day rates are good because you’re basically acting as a company and thus as a company you’ll have overheads you wouldn’t normally have as a PAYE employee (and some stay the same). Don’t forget you still need to pay tax on day rates etc.

    Health and dental insurance
    Pension contribution
    Life assurance
    Light and heat
    Office furniture
    IT Equipment
    Business phone (don’t for the life of you use a personal phone)
    Paying yourself for holidays
    Paying yourself in between contracts

    That’s just the top of my mind. Not trying to paint it as a bad jump but it’s not as rosy as seeing €700+ day rates.


  • Options
    #113
    antimatterx
    Registered Users Posts: 2,668 ✭✭✭antimatterx


    Creamy Goodness wrote: »
    Bare in mind day rates are good because your basically acting as a company and thus as a company you’ll have overheads you wouldn’t normally have as a PAYE employee. Don’t forget you still need to pay tax on day rates etc.

    Health and dental insurance
    Pension contribution
    Life assurance
    Light and heat
    Office furniture
    IT Equipment
    Business phone (don’t for the life of you use a personal phone)
    Paying yourself for holidays
    Paying yourself in between contracts

    That’s just the top of my mind. Not trying to paint it as a bad jump but it’s not as rosy as seeing €700+ day rates.

    Oh I'm aware, and I have run the numbers. I would be much better off, also I like the idea of leaving some money in the company and paying myself a wage in between contracts.


  • Options
    #114
    Creamy Goodness
    Registered Users Posts: 26,556 ✭✭✭✭Creamy Goodness


    Forgot to mention you have to be a great sales person of your abilities, not everyone - especially the Irish and especially in tech - are not good at this.

    Best of luck with it!


  • Options
    #115
    antimatterx
    Registered Users Posts: 2,668 ✭✭✭antimatterx


    Creamy Goodness wrote: »
    Forgot to mention you have to be a great sales person of your abilities, not everyone - especially the Irish and especially in tech - are not good at this.

    Best of luck with it!

    It's something I want to try in a few years anyway. If it doesn't work out, I'll go back to a normal job, but at least I know I've tried it.


  • Options
    #116
    LawBoy2018
    Registered Users Posts: 1,162 ✭✭✭LawBoy2018


    antimatterx wrote: »
    It's something I want to try in a few years anyway. If it doesn't work out, I'll go back to a normal job, but at least I know I've tried it.

    You're dead right, it's definitely the right call! As a contractor in IT, would you be paying the 12.5% corporate tax rate or the 20%?


  • Options
    #117
    schmoo2k
    Registered Users Posts: 1,379 ✭✭✭schmoo2k


    newuser99999 wrote: »
    Revenue does not equal profit. If you saw 16 patients a day (one every 30 minutes for 8 hours a day) at €50 a pop for 365 days a year you would make €292,000 before tax or any expenses. You’re talking out of your backside.

    In the UK GPs aim for 7/8 mins per patient.

    When we were in the US, the paediatrician had 4 rooms, 2 nurses and 1 receptionist. You stack the patients in the rooms, the nurses goes in and preps all the paperwork and initial questions, Dr comes in afterwards with the paperwork does his thing (flirts with the wife - fecker) and then is gone onto the next room...

    So we probably spent 5/7 mins with nurse and 5 mins with Dr. - very efficient approach.


  • Options
    #118
    Figel Narage
    Registered Users Posts: 474 ✭✭Figel Narage


    This whole thread is quite a catch 22 thing to determine. People that have high salaries are more often then not, for lack of a better term, paying for it with high stress or long hours or both. Solicitor I see has been mentioned, they have ridiculous hours, alot of stress and soul crushing work. But they get paid well in the big firms after qualifying. Aircraft Leasing, well paid but competitive, long hours, high stress but again well paid. It brings into question for me anyway, whats the trade off? How much money do you want while minimizing stress and affecting work life balance? Personally a safe job with 9 - 5 hours on 70K is something I'd be delighted to max out at but for others it's not and as the salary goes up, so does the bad sides of everything


  • Options
    #119
    air
    Registered Users Posts: 2,822 ✭✭✭air


    LawBoy2018 wrote: »
    You're dead right, it's definitely the right call! As a contractor in IT, would you be paying the 12.5% corporate tax rate or the 20%?
    The company would pay 20% due to the professional services / close company surcharges.
    He himself would pay PAYE the same as any employee does.
    The so called advantages of contracting outlined in an earlier post are just tax fraud, which is an option open to anyone.


  • Options
    #120
    vikings2012
    Registered Users Posts: 152 ✭✭vikings2012


    StringerBell wrote: »
    In Ireland at the moment, maybe not long term, aircraft leasing is an incredible area to get in to if you are a financial person. Derivatives and investment banking is also an area of finance that pays.

    IT is good, really good if you can get into some consultancy work.

    Law in Ireland is very good, very stable.



    Typically, what qualifications are required for aircraft leasing.

    Also, what salary can you expect starting off?


  • Advertisement
  • Options
    #121
    LawBoy2018
    Registered Users Posts: 1,162 ✭✭✭LawBoy2018


    vikings2012 wrote: »
    Typically, what qualifications are required for aircraft leasing.

    Also, what salary can you expect starting off?

    That's a tough question to answer tbh. You can either go the financial or the legal route. You'd need at least a bachelor's degree with good grades if you're entering via the financial route, but would most likely progress faster with a master's. If you're going the legal route, you'd probably want to qualify as a solicitor first imo.

    Re salary, that also depends. The grad programme in Avolon, one of the largest aircraft lessors in Ireland, offers 33K. That would probably go up to 40K if you locked in a permanent position. It would then increase over time.

    Obviously this would all vary amongst the top 10 firms.


Advertisement