Degree Apprenticeships are the fastest-growing route to attracting top talent into business and attract high calibre candidates who gain all the benefits of on-the-job learning and a funded Honours degree.
Degree Apprentices split their time between university study and the workplace and are employed throughout – gaining a full bachelor’s or master’s degree while earning a wage and getting real on-the-job experience in their chosen profession. This can be on a day-to-day basis or in blocks of time, depending on the programme and requirements of the employer.
Employers are expected to pay an appropriate training salary over the duration of their degree apprentices’ study, with starting salaries currently ranging from £14,000 to £22,500. The typical duration for an undergraduate Degree Apprenticeship is between 3-5 years and between 1-2 years for a typical postgraduate programme.
Apprenticeships are an asset to organisations when they add value beyond the mere bottom line. By positively affecting cultural change, a successful apprenticeship can improve both productivity and competitiveness whilst at the same time improving staff morale and retention, the ability to attract good staff and the reputation of that organisation in its respective sector.
Best practice in apprenticeships can be summarised as the following:
For employers with an annual PAYE bill of £3m or more, Degree Apprentices can be funded through their monthly Apprenticeship Levy payment. For smaller employers who do not attract the Apprenticeship Levy, the cost of course fees is shared between government (95%) and employers (5%). Further information on the mechanics of the Apprenticeship Levy can be found on our Apprenticeship Levy Explained page.
We are also working with many organisations on partnerships for 2024.
If you would like to partner with us on an existing programme, or if you would like to work with us on developing a new programme for your organisation, please contact us at: degreeapprenticeships@qmul.ac.uk