It’s true that apprentices for graduates can earn more than from universities, according to a study done at the London School of Economics. In their twenties, apprentices can make between £1,000 and £7,000 annually.
In the UK, apprentices for graduates are paid between £15,000 and £25,000 based on the level of study. Some degree apprenticeships pay up to £30,000. For UK graduates, the mean salary is between £16,000 and £25,000. It may reach £29,000.
During this comparison, you need to consider other factors like your age when applying. For example, if you apply at the age of 16 years, you will earn about £15,000 annually. But when you gain at least 5 years of experience, you will earn more. Isn’t it obvious?
If you start your apprenticeship at 16 years of age, you will be earning between £22,500 and £30,000 within two years. Plus, you will gain a national qualification that is equal to 5 GCSEs. If you already have GCSE grades at the age of 16 years, you can go for an advanced apprenticeship program and earn between £30,000 and £40,000. Plus, your grades will be equal to A-Levels.
The duration of degree apprenticeships is 3 to 5 years. After completion, you earn a Bachelors’s or Masters’s degree. Usually, degree Apprentices earn between £20,000 and £30,000.
If you become an apprentice after 16 years of age, you would have made around £100,000 by the time university students had graduated. Besides, you will not have debts to pay. Instead, you will have more than 5 years of experience and handsome monthly earnings.