IE
Some Irish financial services professionals are securing pay rises
6 April 2010
As last week's news demonstrated, there have been few positives to take from the onset of NAMA. However, one up side is that credit analysts have found themselves in increased demand and (amazingly in this market) managed to secure pay rises.
According to a study from Irish financial headhunters Lincoln Search & Selection, demand from domestic banks, as well as international players, has led to the humble credit analyst securing pay rises of up to 15%.
"There's only a finite supply of pure credit analysts," says Eoin Blake, director of Lincoln Search & Selection. "Domestic banks have transferred a lot of people internally, and therefore there's a shortage of people on the market. Firms have looked to industry and the corporate trust sector for new recruits."
Elsewhere, there appears to be little to cheer – the survey suggests that salaries have largely remained flat going into 2010 and bonuses have not been on the table.
Here are the salaries you can expect in Irish financial services roles currently, according to Lincoln's findings:
