Business and Financial
Business and financial skills are required across a range of economic sectors. Those working in these roles tend to be highly educated and engaged full-time. While employment growth was below average, the high number of persons employed means that employment opportunities will arise due to replacement demand alone.
As recognised in the Government’s international financial services strategy (2019), the future demand for business and financial skills is likely to be affected by the impact of Brexit and by changes in the nature of the tasks required to fulfil these roles due to technological change.
Overall employment: Approximately 190,300 persons (55% female) were employed in the selected business & financial occupations, representing 8.4% of the national workforce.
Sector: These occupations are employed across all sectors with 35% of overall employment concentrated in the financial sector and a further 19% in the professional services sector.
Employment growth (5-year): Between 2013 and 2018, overall employment increased by 19,000 (2.1% on average annually compared to 3.1% nationally). The strongest rate of employment growth was observed for management consultants, etc. (12.7%) during the period.
Age: The 25-54 age group accounted for the majority of persons employed, at 81%. The share of employees aged 55 and over was 14%, below the national average of 17%.
Education: Those who had attained third level qualifications (79%) was significantly above the national average share (48%) while a further 17% had attained a higher secondary/FET qualification.
Full-time/part-time: Over 87% of business & financial workers were in full-time employment — Nationality: The share of non-Irish workers was below the national average of 16%, while 88% of workers were Irish nationals.