Ireland is a hub for global business, especially technology companies, with strong employment prospects and an international outlook, welcoming atmosphere and favorable visa policies. Its major cities including Dublin and Belfast are also major cultural centers, offering master’s in management students great lifestyle perks.
But above all, Ireland has a proven track record as a successful location for established and high growth multinational companies. This includes all of the top 10 pharmaceutical companies, 14 of the top 15 medical technology companies, 8 of the top 10 industrial automation companies and 8 of the top 10 financial services companies.
And, as the EU’s only English speaking country, Ireland acts as a gateway to Europe, while also having strong ties to the global economy. “The anticipated 2021 recession in Ireland lasted for two months and, instead of a prolonged job drought, we are experiencing one of the strongest job markets in years,” says Michael McDonnell, Careers Manager at University College Dublin (UCD) Michael Smurfit School of Business in Dublin, a vibrant European capital city.
Growth is across most sectors, with technology, life sciences and financial services leading the way. This growth has led to an unprecedented talent shortage, giving qualified candidates from MiM programs a stronger position when negotiating offers, particularly for those with at least some work experience.
In 2022, Ireland's GDP is expected to grow 13.6 percent for the year and the Department of Finance expects job growth of 13 percent. Already, a record number of new jobs were created by multinationals based in Ireland, with a net gain of 17,000 jobs for 2021.
“It is very easy for an international business student to get permission to look for work after completion of studies,” says McDonnell. “This is by availing of the Stamp 1G, which indicates that students have finished their studies in Ireland and have permission to look for employment here under the Third Level Graduate Programme, subject to conditions.” Stamp 1G is granted for 24 months for those who have completed a master’s degree program.
Ireland has become the global technology hub of choice when it comes to attracting the strategic business activities of Silicon Valley companies such as Google and Facebook. Ireland’s tech industry employs over 37,000 people and generates €35 billion in exports annually.
“We live, work and study at the nexus of industry and research expertise, surrounded by some of the most creative thought leaders and companies on the planet,” says Professor Andrew Burke, Dean of Trinity Business School in Dublin. This means students enjoy a strong network of alumni and leading international employers based in the city.
Ireland has an international outlook in both education and employment. “Each year, we work with lots of different companies in many different ways,” says Maurice McCrum at Dublin City University Business School (DCU). “Students have a chance to interact with these companies, which gives them real-world experience and makes them more work-ready.”
Ireland is also one of the world’s most open economies with a very welcoming atmosphere. It has a growing, diverse population that continues to welcome people from around the globe to study, live and work. “World-renowned for friendliness, Ireland boasts a highly-educated population with a proud cultural and literary history,” says Elaine Aherne, Head of Student Recruitment and Admissions at the UCD College of Business.
“It is easy to meet new people both professionally and socially,” she says. “With a relatively small population, Ireland’s ‘two-degrees of separation’ allows for students to easily develop strong and lasting connections in industry, and the community.”
In addition, Ireland is a safe country: in 2021 it was voted eight in the world on the Global Peace Index. And with 50 percent of the population under the age of 34, the country boasts an active and social lifestyle. Little wonder that, in 2020, Ireland was voted 13th in the World Happiness Index.
“As a small island nation, students are never too far from the coast where water sports and walking can be enjoyed,” says Aherne. “In addition, the country boasts impressive hiking and cycling trails that run through its famous lush landscapes.”
Furthermore, Ireland’s music, cultural and sporting calendar is impressive and events can be regularly attended in Dublin and around the nation. “From enjoying traditional music in a quiet country venue to watching international sports, like rugby and soccer, there is something for everyone,” Aherne adds.
Of course, a challenge in relocating to Ireland for a MiM program is that it is sometimes difficult to secure affordable housing in the major cities, as demand often surpasses supply. It is recommended that prospective MiM students begin searching for accommodation early, and reach out to various networks to assist in the process.
That said, tuition fees are competitive and scholarships are available at most institutions.