Higher apprenticeships offer a lifetime earnings boost of more than £150,000 - about the same as university degrees - without incurring tuition costs, according to a study by the Centre for Economics and Business Research. The report also warns that 12.1 per cent of graduates leaving education in 2012-13 will be unemployed after six months.
“We are making sure apprenticeships are an effective path into highly paid jobs and higher-level learning,” skills minister Matthew Hancock said. “This report rightly shows that the rewards - both in earnings and career progression - can exceed those of graduates.” Jane Scott Paul, chief executive of the Association of Accounting Technicians, which commissioned the report, said: “University should not be seen as one size fits all. There are often cheaper and faster vocational alternatives available, providing equally valid routes into work. Young people must be given all the options."