Show Me the Money: Highest Irish Earnings are in IT
If you chose a career in information technology because of the money, you made a wise choice. Figures from the Central Statistics Office (CSO) consistently reveal that it is among the highest-earning sectors in the Irish economy. Average weekly earnings rose in 11 of the 13 sectors in the year to the third quarter of 2016, with the best average weekly pay in the Information and Communication sector (which includes IT companies, publishing houses and telecommunications).
Top of the Class
Average weekly earnings for the entire Irish economy rose to €701.87 in Q3 2016, but the figure varies significantly across the different sectors. If you made the decision to work in the Information and Communication sector, you are among the highest earners in Ireland. In fact, weekly earnings in you sector average €1,060.96, with the financial, insurance, and real estate sector coming in second, at €990.70. You are earning on average more than twice as much as somebody in the accommodation and food services sector, where the equivalent weekly figure is €338.09.
Rise and Fall
CSO figures reveal that average weekly earnings continue to grow in 11 of the 13 sectors in the economy, with the highest percentage rise in construction (5.7%). If you work in the professional, scientific, and technical sector, average earnings increased some 4.9% in the third quarter of last year. It’s not all positive, however: Even though pay for information and communication professionals tops the earnings chart, the figure for the same period in 2015 was €1,070.66, representing a fall of 0.9%.
The Future of Ireland’s Tech Sector
This minor dip in earnings would not appear to be grounds for concern, however. Enterprise Ireland reveals that Ireland is the world’s second-largest exporter of computer and IT services. It has convinced eight of the ten key global information technology companies to establish significant operations in the country, and the IT industry in Ireland is responsible for a whopping €50 billion in annual exports. The sector employs more than 105,000 people already, with 17,500 of those jobs announced in the past three years alone.
Ireland looks set to remain a key player in global technology for some time to come.