Is my rental budget too high? (Dublin)

Hi, I’m a 21 year old who will shortly be starting a Dublin job on a €41k/year salary (net 2.7k/month?)

At my salary I’ve seen many people on here repeatedly say they’re paying 900-1000/month on rent. However, (in my opinion) this is often as a result of a significant sacrifice in the quality of living, e.g., living very far out, sharing with a family/>4 people, renting only a room etc.

This of course results in quite a high amount of savings with 2.7k/month. However, I believe at my age it might be better to look for better living conditions/locations, and be willing to sacrifice more savings to rent as a result.

If I shift my rental budget to a ceiling of 1500/month:
With ~200/month on bills/utilities, ~50/month on transport with young leap card, 400/month on food and 300/month on recreational spending, that still leaves 250/month for savings.

While this is lower than others are saving on my salary, considering my younger age and the fact that my wage is guaranteed to rise to 44k after 1 year at 56k after 4 years (provided I don’t get sacked), would it not be better to find a better place to live in that also minimises commuting times/costs?

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Dublin cost of living on a civil service salary

Hi, I will be shortly joining the civil service in a Dublin-based role. As I’ve never lived in Dublin before I’m not quite sure what I’ve gotten myself into in terms of the cost of living, as well as how difficult it may be to even find somewhere given the level of housing supply.

How have other civil servants living in Dublin (having moved from other places) managed the transition?
What grade (assuming you start at the bottom of the salary scale) would you need to be to reasonably afford a studio/one bedroom apartment these days?
Do you find civil service working arrangements help with the cost of living? e.g., WfH helping with transport costs

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u/Important_Apricot950 — 9 days ago

Economist vs Actuary - Am I making the right job choice?

Hi, I’m currently deciding between two graduate job offers:

One an economist/policy analyst role in the Irish Government (Dublin), the other is a (trainee) actuary role at a large firm outside of London, presumably in life insurance.

I’ve always been geared towards the economist role, as I find it much more interesting (working on gov policy) and closer to my degree. The Irish gov also offer the opportunity for sponsored further study (e.g., an MSc in economics).

On the other hand, I know the actuarial role will be higher paid at least in the long-term (private sector), is a role with professional qualifications and may provide greater opportunities to work elsewhere (it can be hard, in general, to love from the public sector to private sector).
So I’m wondering if I’m making the right choice in choosing the public sector.

Both roles’ starting salary are roughly the same. The Irish civil service pay more than the UK civil service, my pay in that role is publicly available and shown above (the bottom pay scale), it goes up on point on the scale every year with the fourth point skipped. The next grade’s salary is shown above, I could reach this grade within 3-6 years of starting. So this gives a general overview of my salary progression in the economist role.

The actuarial role’s salary progression is not publicly known, so I’m not sure on it, if anyone knows the general salary progression for life insurance/pensions outside of London that would be great.

I do believe job choices should not be based solely (or even primarily) on salary. Hence why I’m leaning towards the role I’m more interested in and would probably offer a better work/life balance (while still having a decent salary). Am I making the right choice?

u/Important_Apricot950 — 18 days ago
▲ 6 r/UKJobs

Declined job offer, should I give info about other job?

Hi, I recently declined a job offer as I had received an offer for a role I was more interested in. I had already signed a contract, but it has not yet come into force as i have not graduated yet.

I informed the company and (wanting to be as open as possible) stated I had received another offer and mentioned the institution it was at.
They have accepted my decision and from their reply it seems there won’t be any bother in regards to exiting the contract. However, they wanted to know the other job’s location, role description and salary.

I’m just wondering whether this is normal and whether it’s a good idea to divulge this information?
Thanks

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u/Important_Apricot950 — 1 month ago

IGEES AO vs Central Bank of Ireland graduate programme

I’m wondering if you had to choose from the CBI’s Bank Executive grad programme (https://www.centralbank.ie/careers/graduate-entry-level-candidates)
vs the IGEES AO grad programme (https://www.publicjobs.ie/en/information-hub/latest-news-and-events/770-graduate-policy-analyst-economist) which one would have the better prospects?

Which programme would be better for:

  1. Salary/pay progression: I’m aware both start at roughly the same salary, however there’s less information on the pay progression at the CBI vs the Civil Service (increase one point on the Forsa salary scale every year)

Additionally, what are the prospects (competitiveness/timescale) for internal promotion (to Bank Professional 3 at the CBI vs AP in the Civil Service)?

  1. Career prospects: If one wanted to move to the private sector down the line (as hard as it is moving from the public to the private sector) which programme would put you in the best position?
    Additionally, what is the likelihood/benefits of achieving senior positions in the CBI vs Civil Service (e.g., Head of Function vs PO) if you were to stay in the public sector?

  2. Opportunities for further education: Do either offer opportunities for sponsored further education?

  3. Better employer: in terms of working environment and what areas of work you’d be assigned to

Thanks

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u/Important_Apricot950 — 1 month ago
▲ 1 r/UniUK

Do Masters courses weigh individual marks as much as overall degree classifications

Got my final marks back for my Econ and Politics degree from a uni that’s in the top 3 for econ in the UK.
I’ve just about managed to get a first, however some of my final year econ module grades were shocking (one full module and an additional half module were 42 and 47 respectively), in the end my politics modules (68 and 70 respectively) got me the first overall. I got 59 and 64 in other econ modules this year.
I did get better results in second year econ modules, getting 75 and 72 in micro/macro and 60 and 78 in econometrics (all half modules).

So I’m wondering if I were to go and apply to MSc econ courses down the line (alongside my job)
would they tend to look past my overall classification at my transcript.

Particularly TCD’s MSc, and equivalent courses at equivalent unis:

https://www.tcd.ie/economics/programmes/postgraduate/msc-in-economics/

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u/Important_Apricot950 — 1 month ago

Can I afford a mortgage on the Dublin area in ~10-15 years

I’m in my early 20s graduating with no savings whatsoever.
Will be working in Dublin in the civil service, hence I have a fair idea of my salary progression.
My job starts on €41k a year, increasing at an average of €3.6k/year at my grade.
Many people at my grade get promoted after 5-7 years, starting salary at next grade is €83k a year, increasing at an average of €2.8k/year.

Assuming, conservatively, I work for 7 years at my current grade, then 7 years at the next grade (ignoring any additional pay rises w/ inflation/pay awards as well as ignoring inheritance) I’m wondering if I’d be able to afford a mortgage for a property in the Dublin area (somewhere on a DART line). I assume I will be buying alone so just my income.

I have ~€60k in student debt, which will be paid off in the form of 9% of my yearly income over the €31.7k threshold. Other than that, I’ll be paying standard costs e.g., tax, rent (which I estimate to be €1.4k/month at least at the start), although I think health/optician/dental costs will be free, however low they may be (fingers crossed).

As someone who has little experience with the property market, let alone in the Dublin area, is this feasible?

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u/Important_Apricot950 — 1 month ago

Terminal 2 Lounge Heathrow

Hi, I will soon be flying to Dublin from Heathrow with aer lingus. I unfortunately have a 5-6 hour wait in T2 before my flight. I have a pass for the Aer Lingus lounge as part of my ticket, however it has a maximum 2 hour stay.
Given I hear the lounge is usually quiet, is this rule strictly enforced?
Additionally, does the T2 lounge have showers?
Thanks.

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u/Important_Apricot950 — 2 months ago