New research by Ibec group Financial Services Ireland (FSI) shows that the total number of people employed in the financial services sector in Ireland has increased this year by more than 20%.

The study indicates a shift in employment patterns. International banking jobs have been lost, but jobs in fund administration, insurance and payments have been gained.

Employment growth has been driven by technology focused roles, and has reflected Ireland’s ability to combine financial services and ICT strengths.

According to FSI director Brendan Bruen, payroll within the sector amounts to €2.3bn per annum, with payroll taxes of €920m paid. He said corporate tax is still around €1bn. Average salaries are approximately €67,000.

The study also reveals that 86% of staff have at least a bachelor’s degree, and 35% hold a graduate qualification.

* Original Article: Grainne Rothery ~ businessandleadership.com

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