Why a Dublin engineering graduate earns £16,000 a year

A Dublin engineering degree has become the most sought-after job in Ireland for graduates from engineering colleges in the past year.

The Irish Business School said its graduates have earned more than €1bn ($1.05bn) in pay in the last three years, more than any other type of postgraduate degree.

A Dublin university spokeswoman said the statistics showed graduates from its engineering colleges had earned over €1.5bn in their last three months.

She said the figures showed graduates who had not previously worked in a professional capacity earned over £16.5m in their first year, compared to €10m in graduates with engineering degrees.

“In terms of salaries, we’ve seen a slight increase in pay,” the spokeswoman said.

“It’s certainly a positive sign for graduates with more than one degree, as there’s a lot more of a market there.”

An IT executive, who asked not to be named, said he had been offered a £15,000-a-year role in a top-secret US company and that he could not resist the offer.

“We’d have been more tempted to go to an IT company in the UK,” he said.

But his main reason for choosing Dublin was because it was a city that was close to his home and he wanted to live in the area.

“There’s a real sense of community here and you can go to a lot of events and social events,” he added.

The IT executive said the increase in salary had not hurt his financial situation.

“I have been offered more money than in London but I think the real boost is that the money that I’m earning in Dublin is going into my family’s pockets,” he explained.

“Dublin has become a very cosmopolitan city, which means it’s more attractive for graduates.”