Apprentices can out-earn graduates and avoid student debt, says analysis |
Apprentices can earn higher salaries than university graduates and avoid accumulating £45,000 of student debt, according
to new analysis. Engineering apprentices in the electricity generation, water
provision, or construction sectors earn an average of £39,200 after five years,
surpassing the £36,500 earned by engineering degree graduates. Apprentices in
building and construction also out-earn their university counterparts. The
Department for Education (DfE) reported that apprentices made a median annual
salary of £27,700 five years after qualifying, while graduates from degree
programmes earned £29,900. Apprenticeships offer immediate job opportunities,
with 77% of apprentices in sustained employment one year after completion,
compared to 62.5% of graduates. |
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