DEGREE APPRENTICESHIP - FINANCE

You do not pay your tuition fees and your salary should help towards living costs.

The Apprenticeship minimum wage is £3.50 per hour for the first year of the apprenticeship, rising to National Minimum wage after completion of the first year.

You will need to check each vacancy individually. Many Degree Apprenticeship employers pay much more than this amount, for example a software engineer apprentice can earn £14,400 per year, a higher accountancy apprentice can earn over £13,000 per year and an aerospace engineer apprentice at BAE Systems UK can earn £21,971 per year.

Apprentices are entitled to the same rights as other employees; a contract of employment and at least 20 days paid holiday a year, plus bank holidays and some employers offer other benefits such as a pension, access to a car and leisure facilities.

Overall graduates can expect to earn slightly more over a lifetime but this is changing and apprentices in the professional services earn the same if not more than grads in lifetime earnings.

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