Masters in Finance in Ireland

If you are interested in doing a Masters in Finance in Ireland and if you are exceptionally curious and analytical, have a bachelor’s degree under your belt, and are eager to dive deeper into the world of economy and investments, then you may consider earning a master’s in finance degree.

Future in Finance

A career in finance is steadily increasing all over the world, particularly in Europe and Asia. The role of finance within corporations is increasingly seen as an important one. Wall Street investment houses aren’t the only companies that value financial functions.

According to data from the U.S. Bureau of Labor Statistics, financial analyst jobs will increase by more than 5% through 2024. So, those who are seeking a career in finance have the potential to earn high and get quick placements.

Graduate Management Admission Council (GMAC) survey results suggest that with 35% of applicants intending to pursue a career in finance after graduation.

Benefits of studying Masters in Finance in Ireland

Top-rated Universities:

Ireland is one of the topmost knowledge hubs in the world providing high-quality education for students with a wide range of degree options that are accepted globally.

As per the IMB World Competitiveness Ranking 2019, Ireland ranks in the top 10 in terms of education.

Infra-structure in Ireland

Global Peace Index 2020 has ranked Ireland as one of the top 15 safest countries in the world. Tourists and students from around the world are welcomed warmly in Ireland, known for its safety and friendliness.

Career in Ireland

A great start will lead you to huge success. By starting your career in Ireland where there is a constant knowledge transfer between the Universities and International Organizations. Most top-rated banks build their financial operations in Ireland.

Cost of Living in Ireland

Depending on the lifestyle you choose, where you live, and the University you attend, the cost of living varies. As per Irish Council for International Students, an average student in Ireland spends around € 13000 every year on living expenses.

Top Universities for Masters in Finance in Ireland

Almost all of Ireland’s universities are internationally ranked, which attracts international students for their master’s programs. Additionally, Ireland’s historic cities, culture, and pleasant countryside make the destination more attractive for students.

Masters in Finance programs offered by Top Universities in Ireland can be undertaken part-time, which makes it possible for working professionals with a business background to study and work at the same time. If you have a full-time job and wish to take part-time classes during working hours, then you need to have an employer who will support you.

The list of top universities, institutions, and colleges are listed below.

1. Trinity College Dublin

2. University College Dublin

3. University College Cork

4. Technological University Dublin (Dublin)

5. National University of Ireland Galway

6. Dublin City University

7. University of Limerick

8. Maynooth University

9. National College of Ireland

10. Waterford Institute of Technology

11. Dublin Business School

Requirements to apply for a Masters in Finance in Ireland

The admission committee in the Ireland universities will review your application where you have to meet the international requirement. You won’t be admitted automatically if you meet these requirements because there is high competition for top finance programs in Ireland from universities all over the world.

Academic Requirements:

A bachelor’s degree in Engineering, Mathematics, Physics, Business/Commerce with subjects such as Economics or Finance, or a Finance related area.

As per the 2020 admission process for Masters in Finance in Ireland, the candidates must have an academic percentage of 65% and above with less than seven backlogs for Universities.

The academic percentage is data intended and above for the Institute of technologies and 55% and above with less than ten backlogs for Colleges.

English Proficiency Requirements:

English proficiency is measured by student’s TOEFL, IELTS, and PTE scores when applying to Master’s in Finance in Ireland.

The minimum required score for universities, Institute of Technologies and colleges

  • TOFEL – 91
  • IELTS – 6.5 with all sections 6.0 and above.
  • PTE – 63 with all sections 59 and above

The following table explains the data of a few top Universities that have Masters in Finance courses, with their benchmark requirements and average fee.

Specializations offered for Master’s in Finance in Ireland

A Masters in Finance provides you with the opportunity to select from a wide range of finance-related topics, such as accounting, corporate finance, financial valuation, financial regulation, and financial reporting. A few topics are listed below.

International Finance: A study of monetary interactions transpired between two or more countries that examine factors such as foreign direct investment and exchange rates.

Financial Management: It involves an organization or an institute’s financial undertakings that are planned, organized, directed, and controlled through strategic planning.

Financial Engineering: Students learn how to use mathematical and coding tools to assess and manage risk using the theories and models of finance.

Financial Planning: It involves creating a financial plan and managing wealth for organizations and individuals of different sizes to achieve their financial goals.

Financial Econometrics: It involves analyzing financial problems using statistical methods.

Average Tuition Fee for Masters in Finance in Ireland

The average tuition fee for a Masters in Finance in Ireland is around € 15,000. The cost varies from each University based on their stands and ambiance. For the top Universities, the fee is between € 14000 and € 122250 for a Masters in Finance.

Scholarships for Masters in Finance Ireland

  • A scholarship program for International Master’s degree candidates was provided by Tech University Dublin (TU Dublin) of about 50% of the published fee for the admission fee for applicants from non-European Union countries.
  • The NUI Galway offers scholarships to EU students wishing to pursue full-time taught postgraduate courses for the value of €1,500.
  • National College of Ireland’s Master’s course Academic Merit Scholarship is worth between €2,000 to €4,000.
  • Government of Ireland Postgraduate Scholarship Programme for non-EEA countries students amounting to about €16,000 per annum.
  • Irish Research Council Employment for Postgraduate Programme, ESO Studentship with an annual stipend of €25,000.
  • Irish Aid Fellowships provide a stipend on the tuition fee if you have an IELTS exam certificate (or equivalent).

Many more stipend scholarships are provided by the government of Ireland and in Universities to encourage student education.

Careers growth for Masters in Finance in Ireland

Financial management, insurance, banking, and hedge funds are all specialized fields of finance that offer many career opportunities for you.

You will be able to enjoy an amazing career in the banking sector, insurance, financial accounting, retail banking, auditing, and risk management if you get a master’s degree in finance in Ireland.

You can build your profile in top companies or join a start-up and small organization by choosing a particular niche.

Average Salary

The average annual salary for a Master in Finance in Ireland is € 66,000. The average salary for freshers starts from € 45,000 per year and increases with experience.

List of top Finance companies in Ireland

A few of the top Finance companies in Ireland are AREX Markets, Hardin compliance, Truepos Payment, Linked Finance, Assure Hedge, Royal Bank of Scotland, Commerzbank, Bank of Ireland, and Goodbody Stockbrokers.

Frequently asked questions (FAQ’s)

1. What is the cost of living in Ireland?

The cost of living varies for each person according to the lifestyle you choose. The average cost of living in Ireland is around € 9,000 per year based on your living location.

2. Is it necessary to register with the police?

Foreign citizens who are not citizens of the EU/EEA or Switzerland must register with the Garda National Immigration Bureau (GNIB) after you completed enrollment at a third-level college or university. Then you will receive the residence permit/GNIB card.

3. In Ireland, can I study for a master’s in finance without a GMAT?

The answer is Yes. Not all universities require GMAT for doing a master’s in finance. Example: Warwick Business School.

4. Can I work while studying?

Non-EU students studying at higher education institutions included in the ILEP can take casual employment as part-time (20 hours a week) or full-time only on holidays (40 hours a week).

Conclusion

The Master in Finance program comprises core modules on financial management and capital markets that are taught over two years. The schools which offer this program have their distinctive features and can assist students in starting a career in the financial markets and institutions, particularly in investment banking and asset management.

The fields of risk management and finance within corporations as well as regulatory bodies also offer career opportunities.

How Can Sarem Education Help You?

As a study in Ireland consultants, Sarem Education offers the completely free of cost of below services.

  • Free of cost application and admission services
  • Free, expert insights and updated knowledge of Irish universities
  • Free Lyca sim card to erase your communication worries
  • Help with accommodation in Ireland
  • Help with part-time jobs in Ireland