Banking is an extremely broad area, ranging from personal banking dealing with individuals and their bank accounts all the way up to investment banks conducting deals worth in the hundreds of millions. There is no shortage of courses that train you in fields directly related to finance, economics and accounting. But it’s a broad area where many different career paths can lead you to a job with a bank, including law, computer science, business and mathematics. The work can range from customer service to performing advanced mathematics to predict the stock market.
The future demand for business and financial skills is likely to be affected by the impact of Brexit. Numerous financial services firms have applied for authorisations to operate in Ireland; should these companies relocate from the UK to Ireland, demand will increase for medium and high skilled persons to work in the financial sector. On the other hand, the demand for business skills may be negatively affected by exposure to a decrease in demand for exports of goods and services to the UK.
There were approximately 59,696 people working in financial services, such as banking, at the end of 2018. The Financial Services sector is growing, with the numbers of people employed in higher end financial jobs increasing by 6% between quarter 4 2013 to quarter 4 2018. The SOLAS Vacancy Overview 2018 found that there is most demand for highly skilled employees in the areas of risk, compliance and regulatory affairs.