First T.K. Whitaker Scholarship Awarded!

Considered by many to be the architect of the modern Irish economy, Dr. T.K. Whitaker is one of Ireland’s living heros. His seminal 1958 publication Economic Development, known as 'The Grey Book', is a landmark in Irish economic history because of its thought leadership and bold ideas.

In recognition of his immense contribution to the State, earlier this year the Institute, with the agreement of Dr. Whitaker, created an annual T.K. Whitaker Scholarship.  The scholarship recognises the outstanding academic achievement of the top-placed candidate on the Professional Diploma in Banking. The scholarship is to a UCD graduate programme. The inaugural winner of the award is Paul Monahan, who completed the Professional Diploma in Banking in 2015. 

Paul is a Strategy and Planning Manager at permanent tsb. He holds an engineering degree and a MSc in Economics from Trinity College Dublin. Paul previously worked with Goldman Sachs, PricewaterhouseCoopers, the Boston Consulting Group and Virgin Media before taking up his current role with permanent tsb in May 2013. 

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Michael Feeney, CEO, The Institute of Banking and Paul Monahan,
winner of the TK Whitaker Scholarship

"permanent tsb has a programme aimed at identifying and developing aspiring senior managers and executives. Like others on the programme, I was encouraged to undertake the Professional Diploma in Banking due to its direct relevance to the key issues and opportunities facing retail banks.


I enjoyed the course. It gave me a broad knowledge and understanding of banking practices which complements my on-the-job experience. Obviously to be awarded the TK Whitaker scholarship was a bonus! I’m going to use it to do the Diploma in Advanced Management Performance in the Smurfit Graduate Business School which I’m excited about."


The Professional Diploma in Banking leads to the Chartered Banker designation. Chartered Banker is the prestigious, internationally recognised professional designation, awarded jointly by The Institute of Banking and the Chartered Banker Institute (Scotland). Chartered Bankers are recognised as highly qualified professional bankers, well equipped for a senior management career or leadership role in banking.

In addition to the T.K. Whitaker Scholarship, Paul also received a T.K. Whitaker Medal at the graduation ceremony on 10 October 2015 in recognition of his achievement.

More information about the Professional Diploma in Banking can be found on our website here.