Apprentices

(asked on 3rd July 2014) - View Source

Question

To ask the Secretary of State for Business, Innovation and Skills, what he estimates the lifetime earning premium of those with (a) L3 apprenticeships and (b) L4+ apprenticeships will be compared to level 2 apprenticeships.


Answered by
Matt Hancock Portrait
Matt Hancock
This question was answered on 10th July 2014

The latest analysis published by the Department shows that those who achieve an Intermediate (L2) Apprenticeship earn on average between £48,000 and £74,000 more over their lifetime, in today's valuation, compared to similar individuals with Level 1 or other Level 2 qualifications. Those who achieve an Advanced Apprenticeship (L3) earn on average between £77,000 and £117,000 more over their lifetime, compared to similar individuals with Level 2 qualifications.

The full report – ‘Returns to Intermediate and Low Level Vocational Qualifications' – is published at:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/32354/11-1282-returns-intermediate-and-low-level-vocational-qualifications.pdf

Other research – based on a different methodology – suggests that those who achieve a Higher Apprenticeship could earn £150,000 more on average over their lifetime, compared to individuals with Level 3 vocational qualifications. This is taken from a report published at:

https://www.aat.org.uk/sites/default/files/assets/University_Report_AAT_and_CEBR_February_2013.pdf

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