Accounting in Ireland: Course, Eligibility and Jobs
Ireland, home to 20 of the top 25 global financial institutions, is rapidly establishing itself as a leading international financial education hub. It boasts some prestigious universities offering full-time and part-time master’s programs in accounting and finance.
These programs, lasting 1-2 years, equip students with the skills and knowledge needed to excel in leadership roles in Ireland’s rapidly growing economic and financial sector.
By pursuing a Master’s in accounting and finance in Ireland, students delve into economic trends, financial markets, assets, liabilities, investments, and various accounting jobs in Ireland, such as public or corporate Accountant, Auditor, Fraud examiner, IT auditor, and more.
- Why Study Masters in Accounting and Finance in Ireland?
- Top Universities in Ireland for Accounting and Finance Courses
- The Curriculum of Masters in Accounting and Finance
- Eligibility Requirements for Accounting and Finance Courses in Ireland
- Documents Checklist
- Cost of Living in Ireland
- Scholarships for Masters in Accounting and Finance
- Accounting Jobs in Ireland
- How to Become an Accountant in Ireland?
- Earning Potential in Accountant Job Profile
- Conclusion
- FAQs
Why Study Masters in Accounting and Finance in Ireland?
Pursuing a Master’s in Accounting and Finance in Ireland is an intelligent decision for Indian students looking for a high-quality education that is respected worldwide. Ireland’s highly acclaimed education system provides a curriculum that combines theoretical understanding with practical training, which is essential for individuals pursuing a career in accounting and finance. Here’s why you should choose Ireland to get accounting jobs in Ireland and finance:
Finance Hub: Ireland is a significant technology centre in Europe. It is the biggest software exporter in the world. Many top academic institutions around the globe are experts in finance and related areas.
Variety of Courses: Top universities in Ireland provide different courses under the Masters in Accounting & Finance program. Examples include International Finance, International Accounting and Analytics, and Corporate Finance. Masters in accounting and finance programs are available at the National University of Ireland Galway, University College Dublin, Trinity College Dublin, University College Cork, and University of Limerick. In addition to being among the most affordable universities in Ireland, these five institutions are ranked in the Global University Rankings for 2024.
Post-Study Work Permit: After finishing a master’s degree at an Irish university, international students can obtain a post-study work visa in Ireland that allows them to do accounting jobs in Ireland for two years. This curriculum is the perfect environment for those looking to start working in Ireland from another country.
Safety: According to the 2024 World Peace Index Report, Ireland holds the seventeenth position worldwide, which is why students feel secure exploring the lively nightlife.
English Speaking: Despite Ireland’s language and culture, English is the predominant language spoken, making Ireland a popular choice for many global corporations to establish their headquarters. This is an essential factor in why students choose accounting jobs in Ireland.
Top Universities in Ireland for Accounting and Finance Courses
If you want to get accounting jobs in Ireland, then you’ll have to complete your education at reputed universities. Here’s a list of universities that offer a master in accounting and finance in Ireland, which can then land you accounting jobs in Ireland:
| University | QS World University Rankings 2024 | Courses Offered | Tuition fee |
|---|---|---|---|
| Trinity College Dublin | 81 | M.Sc. in Finance | €25,500 |
| University College Dublin | 171 | M.Sc. in Accounting and Financial Management. | €22,600 |
| University of Galway | 289 | M.Sc. in International Accounting and Analytics | €19,500 |
| University College Cork | 292 | M.Sc. in Finance | €19,300 |
| University of Limerick | 426 | M.Sc. in Financial Services | €18,722 |
| Dublin City University | 436 | M.Sc. in Accounting | €17,600 |
| Maynooth University | 801-850 | M.Sc. in Finance | €18,000 |
| Technological University of Dublin | 851-900 | M.Sc. in Finance | €13,500 |
The Curriculum of Masters in Accounting and Finance
The curriculum of a master’s in accounting and finance degree is quite extensive. It allows students to gain an in-depth understanding of the domain. While the exact course content might vary from course to course, below are some commonly taught modules. Students also have the option to take electives in a particular field based on their interests and expertise.
- Financial Reporting
- Management Accounting
- Auditing & Assurance 1
- Accounting Analytics
- Advanced Financial Accounting
- Business Valuation & Analysis
- Auditing & Assurance 2
- Integrative Analysis in Accounting
- Professional Development
- Strategic Management Accounting Practice
- Project Management
Several master’s in accounting programs closely match the ACCA’s requirements, offering exemptions from one or several exams. Not only does this help you save time, but it also sets you up for outstanding performance in the ACCA exams which will help you in getting accounting jobs in Ireland, as shown by the consistently strong results of accounting graduates.
Also read – Masters in Computer Science in Ireland
Eligibility Requirements for Accounting and Finance Courses in Ireland
Ireland’s universities offer high-quality, financially viable postgraduate finance and accounting degrees. Attending higher education in Ireland necessitates meeting specific key requirements. Although eligibility criteria and standards may differ among universities, particular requirements must be fulfilled by all applicants to Irish institutions:
Work Experience: Some colleges might mandate practical work experience, especially for highly competitive programs. Having 1-2 years of experience in a finance-related field is advantageous.
LORs: Typically, Indian students applying for a Master in Accounting and Finance in Ireland are asked to submit one or two letters of recommendation, with a preference for those from academic professionals or employers.
Educational Requirements: Candidates must possess a Bachelor’s degree in Commerce, Accounting, Finance, or related disciplines. To study a Masters in Accounting and Finance in Ireland, it is generally required to have a degree from an accredited university with at least a 60% overall score.
GMAT/GRE Scores: Although not mandatory for all universities, some institutions may request GMAT or GRE scores. A GMAT score of at least 555 or an equivalent GRE score is considered competitive.
Statement of Purpose: An excellent SOP detailing career objectives, reasons for selecting the course and university, and how the program fits with future goals.
Financial Stability Proof: Providing evidence of financial stability is essential to demonstrate the ability to cover the expenses of studying for a Master in Accounting and Finance in Ireland. This can involve documents such as bank statements, scholarship grants, or letters from sponsors.
Visa Regulations: After being admitted, it is compulsory to obtain a student visa. This consists of providing evidence of acceptance, sufficient funds, and passing a background check.
English Language Proficiency: English proficiency is required for non-native English speakers, including Indian students. This is usually done by taking the IELTS exam with a minimum score of 6.5 or the TOEFL exam with a minimum score of 90. These grades are necessary for entry into Master’s programs in Accounting and Finance in Ireland.
Documents Checklist
- Valid passport
- Immigration documents – Previous refusal letters, Immigration letters, residence cards
- Letter of Acceptance
- Police Clearance Certificate
- Supplementary form
- Documentation of Parent’s income
- Letter of application stating the reason for studying in Ireland
- Proof of sufficient funds / Summary of finances
- Insurance Cover (cover of € 25000 for 1 year)
- Copies of academic transcripts
- Copies of all exam results
- Visa SOP
- Two recent coloured photographs with white background
- Evidence of the gaps, if any
- Proof of payment of tuition fees (EFT)
- English proficiency scorecard
- Employment documents
- Medical Insurance
Also read – Get High Paying Jobs in Ireland
Cost of Living in Ireland
Here is a list of average accommodation costs in EUR and INR for masters in Accounting and Finance in Ireland; the tuition fee has been discussed above along with the respective universities:
| Expense Type | Cost |
|---|---|
| On-campus accommodation | €600-680 (₹49,000 - 55,000) |
| Off-campus accommodation | €500-600 (₹40,000 - 49,000) |
| Food | €250-350 (₹20,000 - 28,000) |
| Transport | €65-85 (₹5,000 - 7,000) |
| Textbooks/other material | €75 (₹6,000) |
Scholarships for Masters in Accounting and Finance
Continuing the journey of getting accounting jobs in Ireland, you should know about the scholarships offered to students with good academic records. Here’s a list of the scholarships provided by various universities:
| University | Scholarships | Reward |
|---|---|---|
| Trinity College Dublin | Global Excellence Postgraduate Scholarships | Up to ₹7,20,000 (€8,000) |
| National University of Ireland Galway | International Student Scholarships | Up to ₹4,50,000 (€5,000) |
| University College Dublin | UCD Global Excellence Scholarship | 50% Tuition Fee Waiver |
| Dublin City University | DCU International Merit Scholarships | Up to ₹3,60,000 (€4,000) |
| University College Cork | CUBS International Student Merit-Based Scholarships | Up to ₹5,40,000 (€6,000) |
| University of Limerick | Kemmy Business School Scholarships | Up to ₹9,00,000 (€10,000) |
| Maynooth University | International Scholarships | Up to ₹1,80,000 (€2,000) |
Accounting Jobs in Ireland
After pursuing masters in accounting and finance, finding accounting jobs in Ireland becomes relatively easy. Recruiters generally look for people who have skills and relevant education. Here is a list of the top 7 job posts along with master in accounting salary:
| Job Post | Salary in INR |
|---|---|
| Tax Advisor | €53,000 - €78,000 (₹48 lakhs - ₹70 lakhs) |
| Compliance Officer | €55,400- €72,000 (₹50 lakhs - ₹65 lakhs) |
| Financial Analyst | €55,413- €77,578.20 (₹50 lakhs - ₹70 lakhs) |
| Accountant | €49,871.70-€66,495.60 (₹45 lakhs - ₹60 lakhs) |
| Risk Manager | €66,495.60-€88,660.80 (₹60 lakhs - ₹80 lakhs) |
| Audit Manager | €60,954.30-€83,119.50 (₹55 lakhs - ₹75 lakhs) |
| Investment Banker | €77,578.20-€1,10,826 (₹70 lakhs - ₹1cr) |
How to Become an Accountant in Ireland?
Ireland provides various flexible pathways for individuals to pursue a career in accounting, catering to a wide range of lifestyles and career goals. Many people opt for a traditional route, beginning with a bachelor’s degree in accounting and finance offered at different universities in Ireland.
However, it is crucial to mention that individuals pursuing a career as an accountant in Ireland are not limited to those with formal financial education or relevant degrees. This career is open to people with diverse educational and professional experiences and is accessible to those who have the ambition and commitment to succeed in the industry. Some of the prominent accountant jobs in Ireland include:
- Charted Accountant
- Accounting Technician
- Cost and Management Accountant
Earning Potential in Accountant Job Profile
Recently, Ireland’s economy has seen significant expansion, establishing itself as a centre for multiple industries and offering abundant opportunities for accountant jobs. Ireland’s advantageous position and favourable business climate have lured many multinational corporations (MNCs). In addition to these major companies, Ireland has a strong presence of Small and Medium-sized Enterprises (SMEs).
The high demand for chartered accountants in Leinster, including Dublin, is evident in the competitive salaries, as the average annual remuneration package for qualified professionals is reported to be over €118,000, making it a desirable and profitable career choice in Ireland.
Conclusion
With the blog’s conclusion, you can now decipher what accounting jobs in Ireland are and what salaries they offer. If you pursue your education in Ireland, you will have lucrative career options. You must carefully analyze your goals and qualifications to assess your desired job role, and if you are facing issues in analysing your goals or planning to study for a master’s in accounting, then book a call with us to solve any doubts related to master’s in accounting in Ireland.
FAQs
Is Indian CA valid in Ireland?
Yes, the qualifications are accepted in Ireland; however, it is suggested that you get CPA Ireland certification to ease your path to jobs.
Which accounting profile is best in Ireland?
CPA Ireland is considered the best job profile among accountant jobs in Ireland.
Can a fresher get a job in Ireland?
Yes, Ireland offers various job opportunities, whether full-time or part-time. It also provides post-study visas, which help students explore the job market.
If you are an aspirant looking to study at your dream university, book an appointment with AdmitX today and start your applications early to avail yourself of all the benefits.
