Apprenticeships & On The Job Training
With many university degree courses losing their ability to increase earning potential, apprenticeships are seeing a massive resurgence in popularity.
Over the last 2 decades, the value and power of all but the most prestigious degrees have lost their ability to leverage salaries. Prior to this, almost any degree qualification would give you more potential to earn more across your working lifetime.
With more and more colleges becoming “universities” and in conjunction with more lower quality degree courses being offered, only top quality degrees from the top universities now provide the same benefit.
This is having a major affect on university leavers, many of which are unable to even use their degree to find employment.
Current university students are typically leaving university with debts of over £40,000 but no natural increase in earning power to be able to repay that debt.
To a certain extent, this was always going to be the case, but the extent to which degrees have been devalued has come as a massive shock for many.
Medical & engineering degrees from the top universities are the only ones which still carry the prestige of old, making a modern degree much more of a lottery then it used to be.
Apprenticeships & Traineeships
For many school leavers it is become increasingly advantageous to forgo 3 or 4 years at university in preference to earning and learning at the same time.
Not only will you not run up significant debts while gaining a qualification, but you will be earning a living, building up a working record and history and gaining valuable on the job experience.
Apprenticeships typically last 2 – 5 years, and consist of one day a week at college, working towards a highly relevant qualification which is typically an HNC or HND, and 4 days per week working for a company.
Apprentices have many advantages once they are qualified as their skills are easily transferable to other companies and indeed industries.
There are thousands of companies that provide apprenticeship and traineeship opportunities including leading provider of traineeship and apprenticeship courses, and there is more choice for school leavers than ever before.
With the percentage of NEETS currently on the rise, on the job training offers a practical alternative to returning to the classroom environment that is unsuitable for many of our less academic youngsters.