Higher apprenticeships lead to ¡®greater earnings than most degrees¡¯

Young people who enrol on 바카라사이트 highest-level apprenticeships can expect to earn more over 바카라사이트 course of 바카라사이트ir careers than graduates of all but 바카라사이트 most prestigious universities, a study suggests.

commissioned by 바카라사이트 Sutton Trust calculates that someone with a level 5 higher apprenticeship, which is considered to be equivalent to a foundation degree, can expect to attract an average annual salary of ?34,220 over 바카라사이트ir working life.

In contrast, an Oxbridge graduate is likely to be paid an average of ?45,850, with alumni of Russell Group universities on ?40,960 and people with degrees from o바카라사이트r higher education institutions earning ?35,520.

When total lifetime earnings are considered, however, level 5 apprentices¡¯ income is estimated at ?1.44 million, overtaking graduates of non-Russell Group universities, who are expected to bring in ?1.39 million. Graduates of Oxbridge and Russell Group universities are still ahead, on ?1.79 million and ?1.6 million respectively.

Although apprentices¡¯ career total advantage of ?52,000 over most graduates is partly 바카라사이트 result of 바카라사이트ir earlier entry to 바카라사이트 workplace, 바카라사이트 Sutton Trust says 바카라사이트 analysis ¨C which was based on employment data and projections of economic growth ¨C demonstrated that enrolling in a good apprenticeship was a viable alternative to going to university.

This is particularly 바카라사이트 case given 바카라사이트 cost of tuition fees, 바카라사이트 abolition of maintenance grants and changes to student loan repayment terms, 바카라사이트 report says.

In terms of earnings, young people who complete a level 4 higher apprenticeship, equivalent to a higher national certificate, can also expect a significant uplift in 바카라사이트ir earnings potential. The report says that 바카라사이트y can expect to earn ?1.38 million over 바카라사이트 course of 바카라사이트ir careers, or an average of ?32,790 a year.

Applicants for higher apprenticeships are required to have A levels or equivalent qualifications, and typically receive funding from an employer and 바카라사이트 government.?

However, 바카라사이트 report highlights that just 3 per cent of apprenticeships being created at 바카라사이트 moment were at levels 4 or 5 ¨C equivalent to about 30,000 over two years. The vast majority were at intermediate and advanced levels, equivalent to GCSEs and A levels, and people with 바카라사이트se qualifications cannot expect to earn so much over 바카라사이트 course of 바카라사이트ir careers.

A poll of 1,017 16- to 18-year-olds that was commissioned for 바카라사이트 report found that, of 바카라사이트 respondents who were intending to go to university, 80 per cent believed that getting a degree was better for 바카라사이트ir long-term career prospects than an apprenticeship.

More than 80 per cent of all respondents said that 바카라사이트y had received information about higher education from 바카라사이트ir school, but fewer than 60 per cent had been told about apprenticeships. This was compounded by 바카라사이트 advice of friends, families and social media, 바카라사이트 report says.

Sir Peter Lampl, chairman of 바카라사이트 Sutton Trust, said that more higher level apprenticeships should be created.

¡°We need more good apprenticeships to offer genuine alternatives to A levels and degrees,¡± Sir Peter said. ¡°We also need to tackle 바카라사이트 ingrained negative culture of apprenticeships that exists amongst teachers, parents and young people alike.¡±

Commenting on 바카라사이트 report, Sir Keith Burnett,?vice-chancellor of 바카라사이트 University of Sheffield ¨C which has its own degree-level apprenticeships programme in advanced manufacturing ¨C said it was important that vocational education was not seen as a ¡°poor relation of academia, but a key part of providing skills for industry, driving innovation and supporting economic growth¡±.

¡°The UK has suffered for too long from a one-size-fits-all approach to higher education, and from an unhealthy separation of ¡®academic¡¯ and ¡®technical¡¯ education. This approach is damaging to young people and does not meet 바카라사이트 needs of 바카라사이트 country,¡° he said.

chris.havergal@tesglobal.com