Download Republic of Ireland salary survey

CIMA members and students in Ireland…
High earners
In 2014, qualified CIMA members in Ireland are earning more than twice the national
average at €82,824 in basic salary plus €7,786 in bonus payments, totaling €90,610 per
annum. CIMA students earn on average €41,979 in basic salary plus €2,069 in bonus
payments, to a total of €44,048. This compares with a current average national salary figure
of €35,7841
€44,048
€85,085
€140,520
Student
ACMA, CGMA
FCMA, CGMA2
Satisfied with salary
Seven in ten (70%) CIMA members in Ireland are satisfied with their salary, and among
students, who are still developing their careers, three fifths (60%) report they are satisfied.
High salary expectations
Looking forward, members and students are positive about their own salary development,
with around seven in ten (69% of members and 73% of students) anticipating a salary
increase over the next 12 months. Most expect it to increase by up to 3.9%, but 5% of
members and 16% of students expect a salary rise of 9% or more. A quarter of members
and students expect their salary to remain unchanged. On average, members and students
expect salary increases of 2.7%, above the anticipated economic growth of 1.7%3.
Have a mobile career
More than two fifths of members (42%) and almost two thirds of students (60%) plan to
change jobs within the next two years. Of those, 5% of members and 19% of students plan
to find a job abroad. USA is the most popular destination for relocation. The main reasons
for moving abroad for both members and students are to experience a different culture and
an improved salary.
Source: CIMA Salary Survey 2014, Republic of Ireland (weighted base: members 3,311; students 859)
1 Central Statistics Office. 2014 Q2. All sectors of the economy other than Agriculture, forestry and fishing. Weekly earnings multiplied by 52 for
estimated annual figure
2 Caution: low base
3 International Monetary Fund: World Economic Outlook Database
Are motivated by…
There are different drivers for staying in a role and for looking for a potential new job.
Financial reward is the main motivator, but it is of more significance for a future role than in
the current job (60% for future role versus 50% for current). Key motivators in the current
role are a good working environment (46%) and flexibility / work-life balance (39%), whereas
for a potential new job, following financial reward, scope of the role (39%) and promotion
prospects (36%) are seen as key.
Plan to build skill sets
The main skill that CIMA students plan to develop during the coming 12 months is
leadership, particularly at Operational and Strategic levels, followed by project management
skills, and personal development, such as career planning and time management. CIMA
members primarily plan to focus on strategic planning and implementation, coupled with
leadership skills.
Members
32% Strategic planning and
implementation
40% Leadership
Students
30% Leadership
35% Project management
26% Persuading and influencing
35% Personal development
25% Communication
32% Strategic planning and
implementation
25% Personal development
31% Financial reporting
Expect the business environment to improve
CIMA members and students in Ireland have a positive outlook for the general business
environment over the next 12 months. There is a clear trend of increasing optimism, with
more members and students than last year expecting an increase in the overall profitability
of the business and salary increases generally, while expectations for negative
developments like budget cuts and job cuts have decreased. Expectations for freezes in
recruitment and salary are down since last year, with recruitment freezes anticipated by 15%
in 2014 compared to 27% in 2013, and salary freezes down to 24%, from 34% last year.
Recruitment freeze
Business Environment Expectations
100%
Job cuts
80%
Salary freezes
60%
Budget cuts
40%
Salary increases
20%
0%
2009
2011
2012
2013
2014
Increase in the overall profitability
of the business
Source: CIMA Salary Survey 2014, Republic of Ireland (weighted base: members 3,311; students 859)