Apprenticships gain ground and entry route to accounting

As England’s school leavers await their exam results this August, a new survey reveals a shifting perception towards apprenticeships as a viable route to professional careers. However, university education still holds sway in many young minds.

The Association of Accounting Technicians (AAT) conducted a poll of 1,000 young people aged 14-18, finding that 60% view apprenticeships as a valuable pathway to a career. Despite this, 59% still believe they need a university degree to secure their desired job, including nearly half of those aspiring to professional roles.

Sarah Beale, CEO of AAT and a chartered accountant who began her career through an apprenticeship equivalent, notes a gradual change in attitudes.

“Professional employers increasingly value the benefit that apprentices who are keen to learn on the job bring to their businesses,” Beale states. She emphasises that employers are seeking candidates with practical skills and real-world readiness.

The survey also highlights the career plans of young people:

• 65% intend to pursue further study
• 38% plan to attend university
• 43% aim to enter further education
• 15% are considering apprenticeships

A parallel survey of 1,000 parents reveals that 60% believe their child needs some form of qualification to be successful. Two-thirds want their child to attend university, citing better life opportunities and career prospects as primary motivations. However, 47% don’t believe a university degree alone is sufficient for job security.

Interestingly, 65% of parents agree that on-the-job experience is crucial for their child’s future, with 44% hoping their child gains work experience in the next three years.

Beale advocates for a balanced approach, stating, “A qualification is the foundation you need to start your career, but work experience is just as valuable.” She highlights various pathways into professional careers, including vocational education and distance learning.

Grace Hardy, a 21-year-old AAT-qualified accountant launched her own practice after completing an accounting apprenticeship. Hardy, who has gained popularity on social media for her financial advice, believes apprenticeships offer a fast-track to gaining essential business knowledge and skills.

As the landscape of professional education evolves, it appears that while university remains a popular choice, alternative pathways like apprenticeships are increasingly recognized as viable routes to successful careers.