In Summary
The IFS Apprenticeship programme is designed for career movers/career changers who wish to reskill/upskill in a relevant IFS programme and role.
This programme seeks to provide the appropriate education and training to allow successful graduates be registered with SOLAS as an IFS Specialist. What this means is that through a combination of off-the-job and on-the-job learning, apprentices will develop skills that are key to working in an analytics role in International Financial Services.
This programme is a 2-year apprenticeship aimed at graduates or mature applicants who wish to follow a career in financial services. Learners will be employed by Financial Services companies. Learning will take place within that company and the learner will also attend NCI or other education provider over the academic year. Learners will follow three themes in the programme around technology, finance and analytics. Taking modules in Data Programming, Financial Markets, Statistics for Finance, Data Management and Data Mining and Machine Learning. The programme leads to a level 8 professional award Higher Diploma in Financial Services Analytics awarded by QQI.
This programme is structured over two calendar years. Off-the-job modules run three 12-week semesters per academic year (September - August), while on-the -job modules are structured to run over the length of each academic year. Assessment of off-the-job modules comprises a combination of continuous assessment and exams. On-the-job assessment is via an ongoing electronic portfolio of work-based evidence that is submitted in year 1 and in year 2.
The IFS Specialist apprenticeship is aimed at those who have work experience and relevant educational qualifications.
Entrants will study a Level 8 Higher Diploma in Financial Services Analytics whilst earning a salary of €32K, with a two year fixed term contract in an IFS organisation in a relevant role.
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Entry Requirements
Before applying to this apprenticeship, please check that you meet all entry requirements.
The IFS Specialist apprenticeship is aimed at those who have work experience and relevant educational qualifications.
Minimum Academic Requirements
Learners graduating with a 2.2 honours degree at level 8 in any discipline are eligible to apply for this programme. Non-standard applications will be also considered on an individual basis.
As this is an Apprenticeship programme, participation on the programme is contingent upon the apprentice being offered an Apprenticeship role with an employer participating in the Apprenticeship scheme.
Holders of technical, numerate degrees are likely to gain a higher ranking in any order of merit for admission. Typically, these would be applicants who have gained a minimum of a Level 8 qualification in a numerate discipline. Typical disciplines which would fall into this category would be:
- Engineering
- Architecture
- Mathematics
- Physics
- Economics Candidates who have achieved a minimum of a Level 8 qualification in a programme with a significant IT component and/or significant numerate element. Such programmes vary greatly in mathematical and information technology content and assessment would be by detailed examination of subject content, assessments and syllabi. Typical programmes which would fall into this category could include:
- Management Information Systems
- Accounting
- Marketing
- Management
Given the target technical market for graduates of this programme, candidates will be required to demonstrate technical or mathematical problem solving skills as part of previous programme learning. Graduates from disciplines which do not have technical or mathematical problem solving skills embedded in their programme will need to be able to demonstrate technical or mathematical problem solving skills in addition to their level 8 programme qualifications (Certifications, Additional Qualifications, Certified Experience and Assessment Tests).
Training
The IFS apprenticeships are 2-years in duration. The apprentices spend 80% of their time working in IFS companies and the remainder gaining specific IFS qualifications.
This programme is structured over two calendar years. Off-the-job modules run three 12-week semesters per academic year (September - August), while on-the-job modules are structured to run over the length of each academic year. Assessment of off-the-job modules comprises a combination of continuous assessment and exams.
On-the-job assessment is via an ongoing electronic portfolio of work-based evidence that is submitted in year 1 and in year 2.
Year 1
Semester 1 - Data Programming
Semester 2 - Financial Markets 1
Semester 3 - Business Data Analysis
Year 2
Semester 1 - Financial Markets 2
Semester 2 - Data Management
Semester 3 - Data Mining & Machine Learning
IFS Specialist Apprentices will graduate with a Higher Diploma in Financial Services Analytics at Level 8 on the National Framework of Qualifications (NFQ).
Training is run by the following college:
Skills & Qualities
The IFS Specialist apprentice role is for:
- Career changers
- Those with prior career experience and transferable skills
- Third level qualification already attained
- Motivated by upskilling and by prospect of an IFS career
Given the target technical market for graduates of this programme, candidates will be required to demonstrate:
- Technical problem-solving skills or
- Mathematical problem-solving skills.
- Logical and creative thinking skills
- Analytical and problem-solving skills
- Ability to work independently and to take responsibility
- Can use own initiative
- A thorough and organised approach
- Ability to work with a range of internal and external people
- Ability to communicate effectively in a variety of situations
- Maintain productive, professional and secure working environment
- Results Focus
Work Activities
IFS Specialist Apprentices will work four days per week in their company and study for the remaining one day per week in NCI over a two year period.
An IFS Specialist Apprentice will get you:
- A two year fixed term contract in an International Financial Services (IFS) Organisation
- A paid apprenticeship while you work and study
- A recognised qualification in the National College of Ireland's state of the art campus in the IFSC
- A Higher Diploma in Data Analytics or Fintech
- A two year fixed term contract in an IFS organisation in a relevant role
Career Progression
Career progression opportunities are excellent for Apprentices. An apprenticeship will help boost your CV and create a new and exciting career path.
There are many opportunities for you to continue to upskill & learn, while you develop your experience working.
Note: People in employment have a number of options for both Educational and Career Progression. It might also be possible to gain promotion within your existing company. By using your existing qualifications and your experience you might to able to secure an alternative position in a more senior role in another company. It may also be possible to set up your own company based again on your existing qualifications and experience. Whatever route you decide to take remember education is a lifelong pursuit and you can always continue to up skill and/or retrain, whatever your age. Links to some educational and enterprise supports can be found below.
Career Progression Useful Links:
Educational Supports:
On completion of an apprenticeship your educational progression options may be offered as full awards on the NFQ levels 7-10 National Framework . You may also decide to embark on a partial award or to up skill in a particular area by undertaking a short specialised course.
Depending on your skills, knowledge and experience some of the opportunities below might be appropriate to help develop your Career pathway.
Getting this Apprenticeship
In order to secure an apprenticeship, you must first secure a contract with an employer. You must apply directly to an employer rather than the training provider. Once you have found an employer to take you on as an apprentice, your employer must then register you as an apprentice with SOLAS.
- The employer must be approved to train apprentices.
- The employer must register you as an apprentice within two weeks of recruitment.
To find an apprenticeship, you can search apprenticeship vacancies and a list of currently approved apprentice employers on the Apprenticeship Jobs & Employers Portal. You can search for vacancies by location, and employers in each apprenticeship.
Use this link to explore a list of Approved Employers by Region and by Apprenticeship type.
How to apply
Step 1
Fully complete the application on www.ifsapprenticeships.ie
Step 2
All applications are reviewed by the education provider to ensure candidates have the relevant academic qualifications.
Step 3
Candidates with relevant academic qualifications are invited to a pre-screening interview
Step 4
Employer selection events - selected candidates will commence in-company recruitment process
Step 5
Successful candidates will receive a two year fixed term contract, commence academic apprenticeship programme. APPRENTICES WILL PAY AN ANNUAL REGISTRATION FEE ON COMMENCEMENT TO THE ACADEMIC PROVIDER
When successful candidates are recruited by financial services organisations, the relevant recruitment process will commence in the organisation.
Finding an Employer
Finding an employer or registering your interest with an official Coordinating Provider is one of the first things you need to do to start an apprenticeship.
To find an apprenticeship and secure an apprenticeship work contract you can search apprenticeship vacancies on the Apprenticeship Jobs Portal . You can search for vacancies by location and by apprenticeship type.
Your local Education and Training Board may also hold details of employers seeking to employ an apprentice.
You should also directly connect with local employers who might be interested in taking on an apprentice. It is a great idea to get a part time job with a local employer who might be more inclined to take you on as an apprentice following a successful work experience placement or a part time job contract.
Further information about this apprenticeship may be available from the following organisations on this website:
Organisations supporting this apprenticeship
Where we know of supporting organisations we list these below:
Online Job Sites
Here are some direct links to employment websites that frequently list apprenticeship vacancies.
Note: These websites may include vacancies that are not QQI accredited Apprenticeships.
Pay & Fees
IFS apprentices are paid in excess of the national minimum wage and receive training and education valued in excess of €10k. Salaries range from €23k to €32k depending on the level of IFS Apprenticeship undertaken.
Apprentices complete their off-the-job training in a higher education institution, for which they are required to pay a student contribution. The amount payable is a proportion of the annual student contribution for students attending a full-time course in higher education.
The student contribution is paid directly to the higher education institution over the two years.
Student Contribution
| Year 1 | €1,000 |
| Year 2 | €1,000 |
| Total Fee | €2,000 |








