Careers rarely develop the way we plan them. Our career path often takes many twists and turns, with particular events, choices and people influencing our direction.

We asked Karl Curran from Insurance to give some advice for people considering this job:

 

Karl Curran

Associate Director

Insurance

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  Karl Curran
I would highly recommend this job but I’d say to start taking insurance exams as soon as possible and get them done while you’re young.

I’d also recommend talking to as many people in the industry to see what area of insurance you want to go into i.e. Insurer, Broker, Loss Adjuster etc. – they’re very different!
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Creative people use their personal understanding of people and the world they live in to guide their work. Creative people like to work in unstructured workplaces, enjoy taking risks and prefer a minimum of routine.
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IFS Specialist
In Summary header image

IFS Specialist

This is one of the 25 new/ proposed apprenticeship programmes for 2016/17. 

The Apprenticeship Council has approved Financial Services Ireland and National College of Ireland (NCI) to commence delivery of three levels of apprenticeship unique to International Financial Services.

IFS Specialist Apprenticeship

The IFS Specialist apprenticeship is aimed at those who have work experience and relevant educational qualifications. Entrants will study a Higher Diploma in Data Analytics or Fintech whilst earning a salary of €35K, with a two year fixed term contract in an IFS organisation in a relevant role.

Video: International Financial Services Apprenticeships at NCI


Training header image

Duration

The IFS apprenticeships are 2-years in duration. The apprentices spend 60% of their time working in IFS companies and the remainder gaining specific IFS qualifications

IFS Specialist Apprentices will work four days per week in their company and study for the remaining one day per week in NCI over the two year period.

Qualifications 

IFS Specialist Apprentices will graduate with a Higher Diploma in Data Analytics or Fintech at Level 8 on the National Framework of Qualifications (NFQ)




Personal Qualities header image

The IFS Specialist apprentice role is for:

  • Career changers
  • Those with prior career experience and transferrable skills
  • Third level qualification already attained
  • Motivated by upskilling and by prospect of an IFS career
Given the target technical market for graduates of this programme, candidates will be required to demonstrate:
  • Technical problem solving skills or
  • Mathematical problem solving skills.


Work Activities header image

IFS Specialist Apprentices will work four days per week in their company and study for the remaining one day per week in NCI over a two year period.

An IFS Specialist Apprentice will get you:

  • A two year fixed term contract in an International Financial Services (IFS) Organisation
  • A paid apprenticeship while you work and study
  • A recognised qualification in the National College of Ireland's state of the art campus in the IFSC
  • A Higher Diploma in Data Analytics or Fintech
  • A two year fixed term contract in an IFS organisation in a relevant role


Pay & Fees header image

A salary of €35,000 applies to the IFS Specialist Apprenticeship.


Entry Requirements header image

The following entry requirements apply to the IFS Specialist apprenticeship.

Minimum Academic Requirements


Applications to the Higher Diploma will be accepted from prospective students who have

  • An Honours Degree (level 8) qualification.
  • A level 8 degree or its equivalent in any discipline is eligible to apply for this programme.
Non-standard applications will be also considered on an individual basis.

Given the target technical market for graduates of this programme, candidates will be required to demonstrate technical or mathematical problem solving skills as part of previous programme learning.

Graduates from disciplines which do not have technical or mathematical problem solving skills embedded in their programme will need to be able to demonstrate technical or mathematical problem solving skills in addition to their level 8 programme qualifications (Certifications, Additional Qualifications, Certified Experience and Assessment Tests).

Holders of technical, numerate degrees are likely to gain a higher ranking in any order of merit for admission. Typically these would be applicants who have:
I. Gained a minimum of a Level 8 qualification in a numerate discipline. Typical disciplines which would fall into this category would be
  • Engineering
  • Architecture
  • Mathematics
  • Physics
  • Economics
II. Gained a minimum of a Level 8 qualification in a programme with a significant IT component and/or significant numerate element. Such programmes vary greatly in mathematical and information technology content and assessment would be by detailed examination of subject content, assessments and syllabi.

Typical programmes which would fall into this category could include
  • Management Information Systems
  • Accounting
  • Marketing
  • Management 
English language Proficiency

Applicants whose first language is not English must attach a certified qualification of proficiency in English. The following qualifications will fulfil the College's minimum requirements for undergraduate programmes:

Irish Leaving Certificate: Ordinary Grade C
IELTS: 6.5
TOEFL Paper-based Test (PBT): 600 
TOEFL Computer-based Test (CBT): 220
TOEFL (IBT): 100
UCLES: CPE Grade C
ETAPP (English test for Academic and Professional Purposes): C1
TELL - Test of English Language Level – National College of Ireland




Getting an Apprenticeship header image

How to apply

Applications will be reviewed based on relevant academic qualifications. Successful applicants will be invited to a pre-selection event to be interviewed by a selection panel. Successful applicants from the pre-selection event will then meet with recruiting companies. 

What then?

When successful candidates are recruited by financial services organisations, the relevant recruitment process will commence in the organisation.


Note [August 2016]: The application process for the first intake of  IFS Specialist Apprenticeships closed on Wednesday 8 June 2016 and is now oversubscribed. No further applications can be accepted at this time. This initiative will be advertised when further places become available.


For further details click here.


Career Opportunities header image

Typical Job roles

  • Data Analyst
  • Data Manager
  • Data Scientist
  • Data Modeller
  • Data Architect
  • Data Engineer


Occupation Profile header image

Information to follow...


Progression Routes header image

Information to follow...


Occupation Data

Data Scientist

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