Top apprentices can expect to earn more than many university graduates, says research
But those who gain a degree from a top institution are still likely to have the highest earnings, it suggests
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Top apprentices can expect to earn tens of thousands of pounds more during their lifetime than many university graduates, according to research.
But those who gain a degree from a top institution – including Oxford and Cambridge – are still likely to have the highest earnings, it suggests. The study, published by the Sutton Trust, argues that a high-quality apprenticeship offers as much financial security as many undergraduate degrees.
It calculates that youngsters who opt to study for a Level 5 higher apprenticeship will earn around £1.44m over their lifetime, almost £52,000 more than a student who studies at a non-Russell Group university – considered among the best institutions in the UK. These graduates can expect to take home around £1.39 million.
Students who graduate from a Russell Group university will earn around £1.6m, the study shows – around £160,000 more than someone who does a higher apprenticeship.
Subscribe to Independent Premium to bookmark this article
Want to bookmark your favourite articles and stories to read or reference later? Start your Independent Premium subscription today.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments