Best Career : Employment rate and Pay

Geuze · 23-06-2020 1:49am

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.

Geuze · 23-06-2020 1:50am

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.

addaword · 23-06-2020 7:52am

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.

AndrewJRenko · 23-06-2020 8:06am

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?

AndrewJRenko · 23-06-2020 8:07am

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?

antimatterx · 23-06-2020 9:56am

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.

StringerBell · 23-06-2020 10:10am

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.

antimatterx · 23-06-2020 10:23am

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.

CBear1993 · 23-06-2020 10:57am

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?

antimatterx · 23-06-2020 11:14am

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.

Creamy Goodness · 23-06-2020 11:29am

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.

antimatterx · 23-06-2020 11:48am

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.

Creamy Goodness · 23-06-2020 11:55am

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!

antimatterx · 23-06-2020 12:42pm

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.

LawBoy2018 · 23-06-2020 1:35pm

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%?

schmoo2k · 23-06-2020 2:08pm

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.

Figel Narage · 23-06-2020 2:16pm

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

air · 23-06-2020 2:39pm

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.

vikings2012 · 23-06-2020 8:08pm

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?

LawBoy2018 · 23-06-2020 8:15pm

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.

CBear1993 · 23-06-2020 8:16pm

Aircraft leasing - before I take a google into what it typically involves, it does sound fairly boring, no? Is it an enjoyable career?

Flimsy_Boat · 23-06-2020 8:21pm

thomasdylan wrote: »

Dermatology is very competitive, there used to be only two Spr spots in the country. 585 points for medicine, then 5-6 years college, then intern, medical BST and medical memberships. Then applying for Dermatology spr which you won't get on straight away so a few years doing dermatology reg and research. Then Dermatology spr, then fellowship, then consultancy. It'd be a tough slog and 15 years of hard work to get there.

I'm on this path now. My life hack is to become a GP then specialise in dermatology by obtaining various certificates. The best dermatologist in the west of Ireland is actually GP who works in Newcastle West in Co. Limerick. He mainly sees derm patients now due to his great reputation, and has a huge waiting list. I guarantee he is billing the HSE and patients the same rates as any dermatologist.

LawBoy2018 · 23-06-2020 8:21pm

CBear1993 wrote: »

Aircraft leasing - before I take a google into what it typically involves, it does sound fairly boring, no? Is it an enjoyable career?

Each to their own, I suppose. People who are interested in global markets/economics will find it interesting. The legal aspect of a career in aircraft leasing would typically involve compliance/breach of contracts & that sort of thing, which may not be everyone's cup of tea.

Flimsy_Boat · 23-06-2020 8:26pm

addaword wrote: »

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

This is the correct answer.

At the medical schools, administrators are earning north of 225k per year. It is all public info.

AndrewJRenko · 23-06-2020 9:10pm

Flimsy_Boat wrote: »

I'm on this path now. My life hack is to become a GP then specialise in dermatology by obtaining various certificates. The best dermatologist in the west of Ireland is actually GP who works in Newcastle West in Co. Limerick. He mainly sees derm patients now due to his great reputation, and has a huge waiting list. I guarantee he is billing the HSE and patients the same rates as any dermatologist.

I think you should probably understand the billing relationship between the HSE and GPs before you go making any major decisions.

Flimsy_Boat wrote: »

This is the correct answer.

At the medical schools, administrators are earning north of 225k per year. It is all public info.

By administrators, you mean the medical consultants, right? Maybe you could point to some examples of the public info for clarity/

Figel Narage · 24-06-2020 8:12am

CBear1993 wrote: »

Aircraft leasing - before I take a google into what it typically involves, it does sound fairly boring, no? Is it an enjoyable career?

I guess its in the name. Im not in that world but i have some friends who are. My understanding, Some funds usually linked to banks will buy planes and lease them out to airlines. Regarding salary someone mentioned them here and from the anecdotal evidence i have, the guy i know was on 66k out of college. However, he did the Smurfit Aircraft finance masters and a fair few internships which may no doubt helped him stand out from other candidates and by God its competitive. Again he could be lying for all i know regarding salary so if anyone here thinks the number is too high, I agree, i was shocked when he told me. But he is having to work for it make no mistake, very long hours, a fair bit of responsibility and he's also had to fly to places like Kenya on not much notice. Wouldnt be for me personally but to each their own

Outkast_IRE · 24-06-2020 8:22am

I am currently a consultant engineer in mechanical building services. Like alot of engineering the renumeration for the workload and stress is just not really compatible, currently all on pay freezes and bonuses cancelled even though we are as busy as ever.

Looking at retraining as a pilot in a few years time, going to keep that to myself and keep saving till i have enough to push quickly through a modular training programme while working. The roughly 35k starting salary for a pilot would not be far off what im earning in engineering , but the top end for a pilot is way higher than engineering.

mcko · 24-06-2020 9:00am

Operators in Pharma in Cork 100k a year would be the average.

Blacktie. · 24-06-2020 9:23am

Currently looking at switching careers in the next year or so to a data analyst position. I'm coming from a mechanical engineering background and will be finishing a h dip at the end of this year. Has anyone a good idea of salary expectations and growth potential? Or any articles that could be of interest in getting an idea of their day to day roles.

Lumen · 24-06-2020 9:38am

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%?

I'm not an accountant but from experience corp tax is irrelevant because doesn't make sense to make a taxable profit. It's better to dump any excess in an executive pension plan until you are at the point when normal investment growth will get you to a 2.2m fund on retirement.

Flimsy_Boat · 24-06-2020 9:43am

AndrewJRenko wrote: »

I think you should probably understand the billing relationship between the HSE and GPs before you go making any major decisions.

By administrators, you mean the medical consultants, right? Maybe you could point to some examples of the public info for clarity/

Yes they are consultants but their public salary info only refers to their administrative work, such as running the medical school or teaching. Anything they do clinically is extra. I don't need to post it as it is a google search away for anyone who is interested. I already know this and don't need to take my valuable time to prove it to anyone.

CBear1993 · 24-06-2020 4:20pm

With Springboard's 2020 applications opening tomorrow 25th june - I'm hoping to enrol on a postgrad diploma/cert/Masters and get out of construction.

Unfortunately springboard's prep has been pretty terrible this year, earlier this week they just uploaded an excel file with a list of all courses, no further info, so once it opens tomorrow it's first come first served - may interest some of you.

In my mid-late 20s I actually don't know which one to take the plunge on. Would love to get it out of the way in 1 year, don't think I'd last another 2 years part time outside of working having done a bachelors degree that route before.

CBear1993 · 24-06-2020 4:35pm

Bradley Zealous Dewdrop wrote: »

There's absolutely loads of stuff online, look for any intro to SQL, and if you get through that into to Python courses. Personally, I had a numerate/technical background already so did a masters in analytics.

I worked on a project in a bank for a while, and let's just say they don't tend to be the most dynamic of workplaces.

was thinking of doing a data analytics postgrad but having did a few of those intros on datacamp website yesterday evening it's put me off it completely. Incredibly boring, obviously others find it fulfilling!

thomasdylan · 24-06-2020 4:36pm

Flimsy_Boat wrote: »

I'm on this path now. My life hack is to become a GP then specialise in dermatology by obtaining various certificates. The best dermatologist in the west of Ireland is actually GP who works in Newcastle West in Co. Limerick. He mainly sees derm patients now due to his great reputation, and has a huge waiting list. I guarantee he is billing the HSE and patients the same rates as any dermatologist.

Dermatology is a common special interest for GPs. It very hard to differentiate yourself now as loads of GPs have the UCD and Cardiff courses done.

The GP you're talking about won't be billing the HSE dermatologist rates. That's not the way it works anyway.

Lumen · 24-06-2020 5:16pm

Outkast_IRE wrote: »

I am currently a consultant engineer in mechanical building services. Like alot of engineering the renumeration for the workload and stress is just not really compatible, currently all on pay freezes and bonuses cancelled even though we are as busy as ever.

Looking at retraining as a pilot in a few years time, going to keep that to myself and keep saving till i have enough to push quickly through a modular training programme while working. The roughly 35k starting salary for a pilot would not be far off what im earning in engineering , but the top end for a pilot is way higher than engineering.

I guy I worked with in the UK was doing very well in IT consulting but fancied a change of scene so he spent some years (can't remember how many) getting the relevant PPL etc and quit his job in summer 2001.

CBear1993 · 24-06-2020 11:31pm

I know it’s been said on here as a joke, but what does the typical tax evader, social welfare-getter, cash in hand man get in Ireland per year? Even forgetting any extra cash jobs, what’s the salary per year. They’re the ones laughing. Straight into a new social house

AndrewJRenko · 24-06-2020 11:35pm

CBear1993 wrote: »

I know it’s been said on here as a joke, but what does the typical tax evader, social welfare-getter, cash in hand man get in Ireland per year? Even forgetting any extra cash jobs, what’s the salary per year. They’re the ones laughing. Straight into a new social house

Straight into the new house? Have all the 5-10 year waiting lists been cleared?

CBear1993 · 24-06-2020 11:36pm

I wouldn’t have a clue! Sure if they’re still at home with Ma n Da they’re even better off

AndrewJRenko · 24-06-2020 11:36pm

Flimsy_Boat wrote: »

Yes they are consultants but their public salary info only refers to their administrative work, such as running the medical school or teaching. Anything they do clinically is extra. I don't need to post it as it is a google search away for anyone who is interested. I already know this and don't need to take my valuable time to prove it to anyone.

So which medical schools were you referring to please?

Outkast_IRE · 25-06-2020 9:10am

Lumen wrote: »

I guy I worked with in the UK was doing very well in IT consulting but fancied a change of scene so he spent some years (can't remember how many) getting the relevant PPL etc and quit his job in summer 2001.

If you had the cash in your pocket , in Ireland you could get through the PPL i reckon in about 14-18 months comfortably. But of course thats only step 1 on the ladder. I think the integrated courses where you would have you CPL after 14 months are about 70-80K but you would hope to be straight into a job afterwards.
I am going to do a lesson this summer and see if i have the itch for it.

Outkast_IRE · 25-06-2020 9:13am

CBear1993 wrote: »

I know it’s been said on here as a joke, but what does the typical tax evader, social welfare-getter, cash in hand man get in Ireland per year? Even forgetting any extra cash jobs, what’s the salary per year. They’re the ones laughing. Straight into a new social house

Its very easy to fall into this line of thinking, you are better off looking at it from the other angle. Will they ever own a home ? Travel further than the cheapest package to spain they can afford ? Will they support their kids and education to help them to better themselves later in life ? Alot of them are just living week to week can barely afford a car etc.

Its an easy life in one sense but there are plenty of parts about it that are pretty bleak.

LawBoy2018 · 25-06-2020 9:28am

CBear1993 wrote: »

I wouldn’t have a clue! Sure if they’re still at home with Ma n Da they’re even better off

There's no need to be salty towards others because you're not happy with with your own circumstances. A person being unable to move out of their home for financial reasons is no fun for anyone involved. Thankfully I've been independent since I moved away for college at 18 but many of my friends weren't so fortunate and I can see how it affected/affects their mental health.

nibtrix · 25-06-2020 10:25am

CBear1993 wrote: »

With Springboard's 2020 applications opening tomorrow 25th june - I'm hoping to enrol on a postgrad diploma/cert/Masters and get out of construction.

Unfortunately springboard's prep has been pretty terrible this year, earlier this week they just uploaded an excel file with a list of all courses, no further info, so once it opens tomorrow it's first come first served - may interest some of you.

In my mid-late 20s I actually don't know which one to take the plunge on. Would love to get it out of the way in 1 year, don't think I'd last another 2 years part time outside of working having done a bachelors degree that route before.

I did the Graduate Diploma in Management of Operations with DCU through Springboard, over the course of a year. It's a good course, but very intensive if you're also working full time (essentially it's a 2 year course which they compress into 1 year for Springboard applicants).

CBear1993 · 25-06-2020 11:03am

LawBoy2018 wrote: »

There's no need to be salty towards others because you're not happy with with your own circumstances. A person being unable to move out of their home for financial reasons is no fun for anyone involved. Thankfully I've been independent since I moved away for college at 18 but many of my friends weren't so fortunate and I can see how it affected/affects their mental health.

So have I but my friends living at home still are the ones with all the money, primed to buy.

schmoo2k · 25-06-2020 11:22am

CBear1993 wrote: »

was thinking of doing a data analytics postgrad but having did a few of those intros on datacamp website yesterday evening it's put me off it completely. Incredibly boring, obviously others find it fulfilling!

Data Analytics is an acquired taste - but at least the resurgence of machine learning has made it more interesting again. Suites folks who:
* Enjoy Stats
* Have a good intuitive feel for patterns and trends
* Can articulate well (tell stories about the data)

Bonus marks:
* Coding skills
* Ability to visualize data

schmoo2k · 25-06-2020 11:25am

Outkast_IRE wrote: »

If you had the cash in your pocket , in Ireland you could get through the PPL i reckon in about 14-18 months comfortably. But of course thats only step 1 on the ladder. I think the integrated courses where you would have you CPL after 14 months are about 70-80K but you would hope to be straight into a job afterwards.
I am going to do a lesson this summer and see if i have the itch for it.

Don't want to be a downer, but there is going to be a lot of spare pilots around for the next 2 to 5 years...

Outkast_IRE · 25-06-2020 5:26pm

schmoo2k wrote: »

Don't want to be a downer, but there is going to be a lot of spare pilots around for the next 2 to 5 years...

I generally find it better not to think about the now , when planning for what realistically in my time frame is probably 4-5 years before i would have a CPL or be in a position to be looking for jobs.

Its like the construction field during the downturn , nobody was taking the courses , by the time i finished my engineering degree in 2015 i had a contract signed at the start of March for a job, all of my class were actively sought out and employed before they even sat an exam. If we had based our decision on what was happening in 2011-2012 nobody would of done the course.

AndrewJRenko · 25-06-2020 5:37pm

CBear1993 wrote: »

I wouldn’t have a clue! Sure if they’re still at home with Ma n Da they’re even better off

Better off? Have you tried living in your parents house with a child or two?

Was that the only exaggeration in your post?

FFVII · 26-06-2020 2:13pm

Meteorology

Specifically in Ireland.

They get sacked in alot of countries for always being wrong but not here.

Walnut Salad · 27-06-2020 11:48pm

The best careers are the ones that give you a real work life balance - Decent salary for no more than 40 hours a week.
The public sector is the best place to find those kind of jobs. You also get better holidays. So many people slave to their
employers and miss their children growing up etc. I moved from the private sector to the public sector 14 years ago and I
had a complete mindset change. Work to live only. Never more than 37 hours a week.

Best Career : Employment rate and Pay

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