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Masters in Finance in Ireland: Top Colleges, Fees, Scholarship, and More

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Ireland is quickly developing into a centre for financial education because it is home to 20 of the Top 25 Global Financial Institutions. Ireland has many prestigious universities that offer full- and part-time Masters in Finance programmes. Ireland’s finance programmes train students to assume leadership roles in the country’s expanding financial and economic sectors.

For exciting employment opportunities in corporate finance, investment management, and other financial areas, it offers education and training. This blog will serve as your one-stop resource for studying Masters in Finance in Ireland if you are also interested in this path.

Why Choose Ireland to Study Finance?

Let’s look at the advantages of pursuing a master’s in finance in Ireland before getting into the specifics. Additional benefits of an Irish master’s degree in finance include.

  • Tech Centre: In Western Europe, Ireland is a significant tech hub. Additionally, it exports more software than any other country on earth. There are numerous well-known educational institutes with specialisations in finance and related fields.
  • High-Quality Education: The best facilities and instruction are offered at the Irish universities that provide a master’s degree in finance. The study programme is created to satisfy the requirements of the finance sector.
  • The Masters in Finance programme at Irish universities offers a diverse selection of courses. Some of them include corporate finance, international accounting and analytics, and international finance.
  • Opportunities for Employment: Ireland’s best finance universities have connections to leading businesses and organisations. Following a master’s in finance, there are numerous employment prospects in Ireland.

How much does Masters in Finance in Ireland Cost?

In Ireland, a master’s degree in finance costs about €27,000. In Ireland, the cost of a master’s degree in finance typically includes tuition fees. They do, however, also cover other costs like accommodation and meals. For some courses, students may be eligible for grants or bursaries that help defray some of these expenses. In Ireland, the cost of a master’s degree in finance is relatively high. 

There may be additional costs, such as books and living expenses, on top of the annual tuition fee, which ranges from €6,000 to €7,000. To lessen or even completely eliminate financial expenses, it is feasible to obtain a scholarship.

Do Master’s in Finance programmes in Ireland pay off?

Ireland’s three-year Masters in Finance programme results in a postgraduate degree. Financial management skills and investing-based decision-making are taught to students. This covers interest-related subjects such risk management, market analysis, accounting, trading, and hedging. Students may wish to think about whether they are getting value for their money because there is fierce competition in Ireland for Masters in Finance positions and because the payoff from taking this programme will take many years.

Ireland is a nation with a rich cultural legacy, and there are many ways to immerse yourself in it, such as by studying here.  However, going to school somewhere else can be beneficial for your financial future. If you lack experience or find that other nations’ job markets provide better opportunities for your skill set, a master’s degree in finance may not be able to assist you to find employment.

Specializations Offered in MS in Finance in Ireland

Students who pursue a master’s degree in finance can select from a variety of fundamental financial subjects, including accounting, corporate finance, financial valuation, financial regulation, and financial reporting. Here are explanations of some of the subjects:

  • International Finance: A broad area of financial economics called “international finance” is concerned with how monetary and macroeconomic viewpoints relate to one another.
  • Financial Management: Students wanting to pursue financial careers in the business, banking, insurance, and economic services sectors can consider specialising in financial management.
  • Financial Econometrics: This field looks at the methodological and empirical aspects of the connection between econometrics and finance.
  • Financial Markets: This subject looks at financial institutions and regulation, monetary policy, debt and foreign currency markets, equities and derivatives markets, and global financial markets.
  • Financial engineering: It is the study of how basic financial theories and models are applied to the quantification and control of risk using tools from mathematics and computer.
  • Financial Planning: The study of financial planning is studying how to manage one’s wealth in order to attain financial objectives for both small and large-scale businesses and individuals.

Course Structure

With the exception of research-focused programmes, which can run up to two years, an MS in Ireland typically lasts one year. The curriculum of the vast majority of master’s programmes includes a research project or thesis. Indian and other Asian students can apply without fear because Irish universities generally recognise the three-year bachelor’s degree. Admissions are handled in two application cycles, one for entry in September and the other for entry in February or March.

Eligibility Criteria and Admission Requirements for Masters in Finance in Ireland

Depending on the university you choose, there may be prerequisites and requirements for admission. Most Irish universities have the following prerequisites, among others:

  • Degree of Bachelor
  • CGPA over average
  • English Language Requirements
  • Experience at Work
  • Authentic passport and student visa

Let’s go over each requirement in detail:

Bachelor’s Degree

To apply for a Masters in Finance in Ireland, you must hold a recognised Bachelor’s degree in either a business-related area or a relevant non-business discipline (engineering, physics, or math).

CGPA over average

You need a respectable CGPA in order to apply to the best universities in Ireland for a Masters in Finance. Universities like Dublin City College, Trinity College Dublin, Maynooth University, and others require a minimum cumulative grade point average (CGPA) score of 6.5 or at least 60%.

Requirements for English Language Proficiency

All non-EU students must pass the English proficiency test in order to enrol in an Irish university. IELTS 6.5, TOEFL 90, and PTE 63 are the minimum scores required according to the examinations.

The minimum IELTS scores needed for admission to prestigious Irish universities are as follows:

NAME OF THE INSTITUTION MINIMUM IELTS SCORES
University College Dublin 7.0 with at least 6.5 in each section
Trinity College Dublin 6.5 with a minimum of 5.5 in each section 
Dublin Business School 6.5 with a minimum of 5.5 in each section
Institute of Technology, Carlow 6.0 with at least 6.0 in each section

Leading institutions in Ireland to require the following minimum TOEFL scores:

NAME OF THE INSTITUTION MINIMUM TOEFL SCORES
Dublin Business School 90
Trinity College Dublin 90
University College Dublin 100 with 20 in listening, reading, and speaking each, along with 24 in writing.
Institute of Technology, Carlow 90

Work Experience

To study Masters in Finance in Ireland university, work experience is not required. However, any prior experience in the field is usually advantageous.

Legitimate Passport and Visa

All international students who choose to enrol in any course in Ireland must have a current passport and visa. Do not forget to apply for your visa at least 3 months before the anticipated departure date.

Students must first get a study visa that falls under the category of “D” visas before beginning their master’s programme in Ireland. Applicants must present formal proof of admission, financial documentation, scholarship awards, and in some cases proof of enrollment in school or proof of health insurance in order to receive a visa. Before paying tuition, take extra care when applying for visas and thoroughly meet all essential requirements.

Documents Required for Masters in Finance in Ireland

You need a specific collection of documents, which are listed below, in order to study finance at the master’s level in Ireland:

  • Copies of all academic transcripts LORs, or letters of recommendation
  • Statement of Purpose, or SOP
  • IELTS and TOEFL results
  • A statement outlining your motivations for enrolling in Ireland’s Masters in Finance programme. Include any accomplishments you have made as well as your area of expertise.
  • Passport-sized pictures
  • Passport replica
  • Financial records (loans taken, income tax details, bank balance)

Studying Costs

You must take into account a number of expenses while estimating the cost of an MS programme in Ireland, including tuition, housing and living costs, visa fees, etc. The cost of a master’s degree in Ireland can range from €5,000 to €22,500. The cost of living might range from €7,000 to €12,000 on average depending on the city you are staying in. You must obtain the C Student visa, which costs €60, because MS is a lengthy programme.

Scholarships for Masters in Finance Ireland

  • Tech University Dublin (TU Dublin) offered a scholarship programme for international master’s degree candidates that covered roughly 50% of the listed entry cost for candidates from non-European Union nations.
  • EU students who want to enrol in full-time taught postgraduate courses may apply for a €1,500 stipend from the NUI Galway.
  • The Academic Merit Scholarship for the Master’s programme at the National College of Ireland ranges in value from €2,000 to €4,000.
  • For students from non-EEA nations, the Government of Ireland offers postgraduate scholarships totalling roughly €16,000 annually.
  • ESO Studentship with a €25,000 annual stipend from the Irish Research Council for Postgraduate Program.
  • If you have a certificate from the IELTS exam, Irish Aid Fellowships will give you a stipend on the tuition (or equivalent).
  • The Irish government and universities offer many additional stipend scholarships to promote student education.
Engineering Management Masters Degree

Ireland’s Top 5 Masters in Finance Universities

International students are drawn to Ireland’s universities for their master’s programmes since almost all of them are highly regarded abroad. Students are drawn to Ireland in part because of its charming landscape, historic cities, and rich culture.

Part-time Masters in Finance programmes are offered by Top Universities in Ireland, making it possible for working professionals with a background in business to work and attend school at the same time. You need a supportive employer if you want to work a full-time job and attend part-time classes during working hours.

Ireland has a number of institutions that provide finance degrees with first-rate amenities and curricula. The top 5 universities that you should consider are presented in this blog.

  • Trinity College Dublin
  • University College Cork
  • National University of Ireland Galway
  • Dublin City University
  • University of Limerick

1. Trinity College Dublin

One of Ireland’s top universities for studying finance is TCD. The Trinity College Dublin Masters in Finance programme is designed to give students the tools they need to succeed in the finance industry. It is associated with the Chartered Financial Analyst (CFA) Institute and in conjunction with the Chartered Alternative Investment Analyst (CAIA). Both of these organisations deem the Masters in Finance course instruction and training here to be efficient and career-focused.

Through case studies and seminars, the students at this Institute who are pursuing a degree in finance in Ireland have firsthand experience to actual banking and financial problems.

  • QS World Ranking- 101
  • Average Fees- 23,600 EUR per year
  • Popular Programs- MSc  Finance, MSc Law and Finance

2. University College Cork

One of the best universities in Ireland to get a degree in finance is University College Cork. The students are trained in all the abilities required for the finance industry here. Their primary goal is to prepare the students to make contributions to the finance industry.

You can select a job in a variety of fields after completing this course, including investment banking, business advice businesses, foreign investment, asset management, finance, and banking.

  • QS World Ranking- 298
  • Average Fees- 18,130 EUR per year
  • Popular Programs- MSc Banking and Risk Management, Finance, MSc Asset Management, Finance, Investment

3. National University of Ireland Galway

Cross-border investment, currency rates, risk management, asset pricing, and other current themes and advances in the financial business are highlighted in the National University of Ireland Galway’s Masters in Finance programme. Graduates have a great chance of finding work at national banks or large enterprises. The course improves my skills in computer-based simulation models for financial data analysis and business analytics.

4. University of Limerick

The University of Limerick’s Masters in Finance programme combines academic understanding with practical expertise. It is an interdisciplinary programme that emphasises the students’ overall growth.

The highly qualified and experienced academics here provide the greatest instruction and training to the pupils. The graduates are able to establish themselves in the global finance sector.

  • QS World Ranking- 501-510
  • Average Fees- 14,512 EUR per year
  • Popular Programs- MSc  Financial Services, Masters Accounting & Finance

5. Dublin City University

The Masters in Finance programme at Dublin City University in Ireland offers top-notch financial training with concentrations that are applicable to the workplace. The programmes here are the perfect synthesis of theory and analysis.

The students are given a thorough introduction to the quickly changing and dynamic world of finance. Recent graduates of this programme have found rewarding jobs with illustrious financial organisations like UBS, Royal Bank of Scotland, Bank of Ireland, Geneva Trading, etc.

  • QS World Ranking- 490
  • Average Fees- 16,000 EUR per year
  • Popular Programs- MSc Accounting, MSc Finance, MSc International Accounting and Business

Masters in Finance Careers Expanding in Ireland

  • You have a wide range of job options in the specialist financial industries of financial management, insurance, banking, and fund managers.
  • If you obtain a master’s degree in finance in Ireland, you will be able to enjoy a fantastic job in the banking industry, insurance, financial accounting, retail banking, auditing, and risk management.
  • By selecting a certain specialisation, you can raise your profile in prestigious corporations or join start-ups and tiny organisations.
  • Average Salary
  • Ireland pays a Master in Finance salary of €66,000 on average per year. With experience, the average wage for new hires rises to €45,000 annually.

Ireland’s Leading Financial Companies

AREX Markets, Hardin Compliance, Truepos Payment, Linked Finance, Assure Hedge, Royal Bank of Scotland, Commerzbank, Bank of Ireland, and Goodbody Stockbrokers are a few of the leading financial institutions in Ireland.

Conclusion

Over the course of two years, essential topics on financial management and capital markets are taught in the Master in Finance programme. A career in the financial markets and institutions, notably in investment banking and asset management, can be started by students at the schools that offer this curriculum because to their unique characteristics.

Career opportunities are also available in the areas of risk management and finance inside corporations and regulatory organisations.

What career options are available for Masters in Finance in Ireland?

In Ireland, there is a vast opportunity for Masters in Finance. The course covers topics like risk analysis, banking, stock trading, and financial management. After finishing their education, the graduates are in high demand in the finance industry.

Is registering with the police required?

After completing enrollment in a third-level college or university, foreign nationals who are not citizens of the EU/EEA or Switzerland must register with the Garda National Immigration Bureau (GNIB). The GNIB card and residence permit will then be given to you.

Can I work while I'm in school?

Only during breaks can non-EU students enrolled in ILEP-eligible institutions of higher learning work casually (20 hours per week) or full-time (40 hours a week).

Does Ireland's MS programme require work experience?

When preparing to pursue an MS in Ireland, it is advisable to have at least 2-4 years of work experience, but this varies from university to university.

Is Ireland a suitable destination to get your master's degree?

The Irish educational system is regarded as one of the best in the world. In addition, it provides exciting job opportunities and room for growth. Many foreign application professionals can assist you with the application process if you have opted to study for your master’s in Ireland and want to make your application stand out.