logo - IFS Apprenticeships
logo - IFS Apprenticeships

Employers

IFS Apprenticeships ensure the best match between industry required skills and the education of apprentices. Secure the skilled labour you need through fixed term, cost-effective contracts.

I am an employer looking for an apprentice.

How it works

Step 1

Register your interest.

Step 2

Identify suitable roles for each apprenticeship level.

Step 3

Review of suitable candidates - internal and external.

Step 4

Candidate selection options: 1. New hires 2. Pre-screened candidate 3. Current employees

Step 5

Selection and recruitment process.

What are the benefits of an IFS Apprenticeship?

Recruit new staff, upskill existing staff, add value and save money.

Talent

A new initiative to attract and recruit highly qualified and talented individuals with fresh ideas that can be tailored to specific job roles, making them flexible to the needs of your business.

Recruitment

Candidates are pre-screened and selected from a national panel which reduces recruitment costs. Training costs are covered by Government funding, making the IFS Apprenticeships an efficient and financially effective process.

Staff retention

Apprenticeships can help reduce staff turnover by increasing employee satisfaction and loyalty. This results in reduced employee absenteeism, reduced turnover rate and increased productivity.

Opportunities

A cost-effective opportunity to tackle skills shortages, improve the abilities of new and existing staff and retain a professional workforce.

What is an apprenticeship and what does it mean for my Company?

An IFS Apprenticeship is a nationally accredited work-based programme designed to meet employers’ needs. Individuals will gain a recognised professional qualification at levels 6 and 8 on the National Framework of Qualifications, technical knowledge, professional skills as well as wider business competencies. Candidates will be pre-screened and selected from a national panel which reduces recruitment costs and as the training costs are covered by Government funding, the IFS Apprenticeships are an efficient and financially effective process. Companies can also place existing employees on the IFS Apprenticeship programme which will provide industry relevant training at no extra cost to the employer.

I still have questions

Role of the Employer

1. To offer, to facilitate and to support a two year fixed term contract for chosen candidates within a pre-determined and relevant role.

Programmes & Job Roles

 
IFS Associate Level Apprenticeship

This apprenticeship is aimed at school leavers (who have attained their leaving certificate results) or mature learners who may not have considered a career in a financial services company. Learners who participate on the programme will be at least 18 years of ago. This minimum age requirement is in response to the selection policy of organistions who operate in this sector. IFS Associate level apprentices will study for a Higher Certificate in International Finanancial Services with an approximate salary of €23K and undertake a two year fixed term contract in an IFS organisation in a relevant role.

    Sample job roles for IFS Associate Apprenticeships:
  • - Client Operations / Customer Service
  • - Trustee Associate
  • - Middle Office Operations Associate
  • - Custody Associate
  • - Market Data Associate
  • - Fund Accountant

 
IFS Specialist Level Apprenticeship

The Higher Diploma in Financial Service Analytics is aimed at graduates of all disciplines. The objective of this IFS Specialist Apprenticeship is to provide an entry point to the International Financial Services sector for people with significant work experience and/or previous qualifications. The remuneration package on offer for the IFS Specialist Apprenticeship is a salary of €32K and a two year fixed term contract in a relevant role in an IFS organisation. This level of apprenticeship will open up the Financial Services sector to learners and employees who heretofore may not have considered a career in this sector.

    Sample job roles for IFS Specialist Apprenticeships:
  • - Data Analyst
  • - Customer Analytics
  • - Portfolio Analytics/ Risk
  • - Design Consultant
  • - Business Manager
  • - Retail Credit Analyst
  • - Robotics Team Member

Case Studies / Statistics

The apprenticeship approach to training and recruitment is widely used across Europe where it is quite common for the CEOs of large corporations in Germany, Austria and Switzerland to have started their career with an apprenticeship.
Figures are based on a Cost-Benefit Analysis of Apprenticeships and Other Vocational Qualifications, University of Sheffield, 2007.
80%
Of companies who invest in apprentices have reported a significant increase in employee retention.
77%
Of employers believe Apprenticeships make them more competitive.
83%
Of employers who employ apprentices rely on their Apprenticeships to further their recruitment process.
88%
Of employers view apprenticeships as a cost effective way to train staff.
76%
Of companies who employ apprentices agree they make their workplace more productive.
76%
Of candidates have a minimum Level 8 qualification.
  • What is industry saying?

    FSI are delighted to sponsor this ground breaking enterprise which will bring targeted skills quickly into a rapidly growing sector. The ability of apprenticeships to grow and benefit the industry is limited only by the extent of industry take up. I strongly urge all firms in the sector to grab, with both hands this unrivalled opportunity to improve the speed, quality and cost effectiveness of recruitment.

    - Marc Coleman / Director, Financial Services Ireland

  • What industry has to say

    *Ulster Bank are delighted to be taking part in this Apprenticeship scheme. We recognise that schemes like this can help people to gain a qualification whilst building really desirable skills. The great thing about the IFS Apprenticeship scheme is the focus on the skills of the future, so Apprentices will not just be acquiring skills for now, but to build the bank of the future. It’s a great way to help talented people develop even more and reach their full potential. *

    - Employer: Barry Mulcahy, Learning Partner, Academy (HR) / Ulster Bank

  • Testimonials

    Bank of Ireland is delighted to be participating in this initiative. The IFS Apprenticeships will provide a top class pipeline of highly qualified individuals to meet the many diverse needs of the financial services industry. Our industry is constantly evolving and people are the most valuable resource we have. With such a competitive market for talent out there, this programme is extremely beneficial insofar as it is nurturing a wide pool of highly motivated candidates for the financial services industry. We look forward to meeting and working with new colleagues who will undoubtedly bring a wealth of fresh ideas and expertise to the business.

    - Stuart Woods / Bank of Ireland