16 Sep The benefits of degree apprenticeships
What are the benefits of degree apprenticeships to your business? In recent months there has been a buzz around degree apprenticeships. These are alternatives to traditional university degree whilst employed.
What is a degree apprenticeship?
The clue is in the title! Degree apprenticeships are a new type of programme offered by some universities. Students can achieve a full bachelor’s or master’s degree as part of their
apprenticeship. These programmes are developed by employers, universities, and professional bodies working in partnership.
They combine working with studying part-time at a university. Apprentices are employed throughout the programme. They spend part of their time at university and the rest with their employer.
They can take between three to six years to complete, depending on the course level.
Currently, the scheme is only available in England and Wales, although
applications can be from all parts of the UK.
Benefits for employers
Degree Apprenticeships benefit employers in a variety of ways by allowing them to grow your internal talent. If you’re a levy-paying employer, higher apprenticeships are an opportunity not to be missed.
They’re a great way to attract talent to your business, train your staff and get a real return on investment from your levy payments.
But even if you’re a small business, there is alternative funding routes available to you. Rothera explains that Universities, like Anglia Ruskin, “we have the second largest grant in the UK for non-levy paying employers […] we have access to co-investment, if you don’t pay the apprenticeship levy, you pay 5% of the course and we will draw the rest of the funding”.
Further to this Rothera adds, “the most expensive degree apprenticeship for a non-levy payer is £1350 and that includes a BSc in Civil Engineering and membership to the Chartered Institute of Civil Engineers”.
But the benefits of higher apprenticeships offer even more huge benefits that far outweigh the initial investment:
- They allow for you to upskill existing employees to fill high-level skills gaps
- Recruit high-calibre future leaders who are likely to want to remain with the organisation after graduating
- Spread new academic, vocational and technical knowledge throughout the workforce
- Develop existing staff by encouraging them to mentor the Apprentice
- Expand workforce diversity by providing new opportunities and routes into education and employment for talented people
- Anyone can be an apprentice. You do not have to limit it to school leavers.
Benefits for employees
But other benefits include:
- The only way you can get a second degree without funding is to do a degree apprenticeship
- You can apply your learning to real-world situations
- A salary and guaranteed job whilst you study
- The potential to achieve graduate and postgraduate qualifications
- The likelihood your employer will offer the chance to stay and progress in your job after the apprenticeship.
Is your business thinking of offering degree apprenticeships? Here are some helpful resources to get started:
Office for students– Guide to recruiting and financing degree apprenticeships
Anglia Ruskin University – Leading supplier of Degree Apprenticeships in East Anglia
Hear more about the benefits of degree apprenticeships and early careers talent acquisition watch the most recent episode of the East Anglia Business Webinar with Hayley Murfitt, Marc Rothera and Charlotte Steggall: