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.
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:
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