Ireland is lucky to have a number of financial services MSc courses. They aren’t cheap though. Is it really worth the time and money you’ll have to invest in studying for one?
The general verdict from Ireland’s financial services recruiters seems to be that yes, it is.
An MSc shows you’re serious
Ken Harbourne, from recruitment firm Wallace Myers International, says MSc graduates are typically more popular than graduates with mere BAs or BScs because studying a financial services MSc, “shows motivation and commitment”. .
An MSc builds your network
One of the main values of an MSc, apart from what you learn, is who you meet.
Harbourne observes that “this in itself can secure employment.”
Where to study?
So where is the best place to study for an MSc in Ireland?
The MSc in Finance at UCD Smurfit School, and the MSc in Finance at Trinity College Dublin are both popular. Both have links to professional bodies like the CFA, whilst Trinity also boasts affiliations to the Professional Risk Managers’ International Organisation (PRMIA); and the Chartered Alternative Investment Analyst (CAIA) Association.
What are your chances of finding work?
Ireland’s MSc graduates seem eminently employable. David Foster, from UCD, tells us that 92% of the University’s 2011 MSc in Finance graduates have found work. They’re employed in roles including: financial analysis, capital markets, equities, restructuring & forensic analysis, investment analysis, research analysis, and accounting.
Some MScs are relevant for particular jobs. Suzanne Murphy from Morgan McKinlay says “For graduates looking to get entry level positions in stockbroking firms or asset management organisation, employers prefer the MSc in Investment & Treasury at DCU, or the MSc in Finance & Capital Markets at DCU.
Not all roles require an MSc, however. Trudi Lyons, from Morgan McKinley, says the QFA Diploma in Financial Advice is more relevant to careers in retail banking.