Apprenticeships opening doors to accountancy

Alex Miller takes a look at the drivers for the rising popularity of apprenticeships in the profession. 

Over the summer, Business Secretary Vince Cable launched 4,230 new Higher Apprenticeships to fill nationwide skills gaps in a number of sectors - including 1,500 in accountancy.

The accountancy apprenticeships aim to allow young workers to study at degree-level, while working with employers and getting paid. The overall objective is also to widen access to accountancy by opening up an entirely new route - and comes at a time when apprenticeships in the profession are already on the rise.

Among the new schemes, the ICAEW has developed a Higher Apprenticeship programme in conjunction with Big Four firm PwC, the Association of Taxation Technicians (ATT) and the Management Consultancies Association (MCA).

With graduate unemployment rates at a high and the average university student debt rising to £45,000, vocational education and apprenticeships are becoming ever more attractive options for school and college leavers.

Continued...

» Register now

The full article is available to registered AccountingWEB members only. To read the rest of this article you’ll need to login or register.

Registration is FREE and allows you to view all content, ask questions, comment and much more.

Comments
vowlesj's picture

and its a no-brainer

vowlesj | | Permalink

Like others mentioned in the article, I have recruited from sixth form and put staff through AAT and then offered ACA and ACCA training - and done so since 2001.

As with all training and recruitment you have to put effort into selecting the appropriate person and then supporting them but I think it works well.     I think it is a great way to attract and train staff.   Equally, I think University has something to offer and the benefits of the more traditional route of university followed by a training contract shouldn't be ignored by teenagers and career advisers.

Jonathan

Apprenticeships

janejordan | | Permalink

We employed an 18 year old as an apprentice straight from A levels last year. She has sailed thorugh the first year of AAT having attended college on day release, and is likely to be AAT qualified within the next 12 months, potentially progressing to ACCA after that. The mix of study/work experience has certainly worked for us and our employee in this instance and she is now a much valued member of our team. She is also very cheap since minimum pay rates for apprentices are lower than the national minimum wage (although we do pay significantly above the minimum amount).

No university debt

malcolm141 | | Permalink

All good.

Apprenticeships and the AAT does allow people to enter the profession without getting into university debt. And, it also opens up the profession.

I heard about a small firm who took on a graduate and A level apprentice. The graduate has now left because the apprentice showed them up!

Malcolm

Accountants North London