A recent research report published by the New Financial think tank in the United Kingdom pointed out that there have been more than 440 after the United Kingdom’s withdrawal from the European Union. Financial institutions have or are in the process of transferring business to the European Union.
This number is much higher than the estimated 269 in 2019, involving more than 7,000 jobs. From the perspective of the number of financial institutions that moved away, 135 financial institutions moved to Dublin, the capital of Ireland, Ireland has become the biggest beneficiary of Brexit.
In the recently released 29th Global Financial Centers Index (GFCI 29), Dublin ranks among the top 15 in the world in the ranking of “reputation and overall competitiveness”.
At the same time, Dublin has been selected as the "Global Diversified Financial Center" for 6 consecutive years.
The World Bank Group also uses Dublin as the center for issuing Sustainable and Development Bonds.
So why do so many financial companies choose to relocate their business to Dublin after being affected by Britain’s “Brexit”?
Future European Financial Center
Ireland has always been known as the "European Silicon Valley", with a dense footprint of high-tech companies, a strong and stable economy, and its growth rate has consistently ranked first in Europe.
Eight of the world’s top ten financial services companies operate in Ireland. Dublin is the center of the Irish financial services industry. In 1987, the Irish government established the International Financial Services Centre (IFSC) in the centre of Dublin.
The IFSC International Financial Service Center has gathered some of the world's top financial service institutions, and around IFSC, a complex support network has also grown, including accounting, actuarial, taxation, supervision, and telecommunications services. As a global industrial center integrating finance, technology and innovation, Ireland provides financial services companies with good opportunities to develop global businesses.
Talent (financial) gathering place
In Ireland, more than 80% of people employed in the financial services industry have at least a bachelor's degree.
Most people work in fund management, banking and insurance, but also include a large number of other groups, from lawyers and accountants to IT vendors, supporting many businesses in the Irish financial services industry.
According to the latest data of glassdoor in 2021, the average annual salary of a financial manager in Dublin can reach 73,000 Euros (approximately 559,000 RMB).
A good employment environment has always been an important factor in attracting investors to choose Ireland for study and employment. Especially with the arrival of investment and the relocation of company headquarters, it will inevitably bring a considerable number of jobs to Ireland, and Ireland’s employment advantage appears to be even greater. Obvious!
The National College of Ireland (NCI) is located at IFSC, adjacent to the Silicon Valley Pier. The European headquarters of many international companies have chosen to reside here, creating unique job opportunities for NCI students.
Graduates who come to Ireland can take advantage of this opportunity to get their favorite financial job offer!
Irish college enrollment expansion
According to data from the University Admissions Office, the number of applicants for universities in Ireland this year is 84,526, which is nearly an increase from 77,813 in 2020.9%< /span>. The 6,695 new applicants came almost equally from the two main majors—environment (an increase of 50%) and journalism (an increase of 42%). The preference of these two disciplines shows that young people are increasingly aware of caring for the earth and providing high-quality services.
Compared with last year, the number of students who preferred nursing majors increased by 15%, and pharmacy increased by 23%, medicine has added 20%, which reflects the "positive" impact of the pandemic.
The Minister of Higher Education Simon Harris said that he will seek government approval to increase the number of university places by 4,600 in the upcoming semester. The new quotas include 440 health science majors (including nursing, pharmacy and medicine), 450 environmental sciences, 120 education and 102 law majors. Media research, veterinary medicine and business majors will increase more places.
As the only English-speaking country in the EU, the education model is in the same line as the British education and has a very high level of education. The Irish government provides free primary, middle and high school education to all Irish residents. After immigrating to Ireland, your children can also enjoy this benefit. And the government will also subsidize local private schools, the average tuition is only one-third of the UK!
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