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Apprenticeship information for students, parents and teachers

  • Are you looking for an alternative to traditional university study?
  • Would you like to start your career in financial services by developing new skills that are relevant to the workplace?
  • Does the idea of avoiding university fees and student debt sound appealing?

If so, an apprenticeship could be the perfect route for you.

What is an apprenticeship? 

An apprenticeship is a work-based training programme. As an apprentice in our industry, you’ll be employed by a financial services organisation and paid a wage while you study.

If you are a school or college leaver and think you’d like to pursue a career working in a bank or another type of financial services organisation, an apprenticeship offers you a great way to earn while you learn.

You can gain a professionally recognised qualification at no cost to you while working full-time in the industry. If you choose a degree apprenticeship, you will still graduate with a recognised degree in exactly the same way as you would if you went to university. 

Apprenticeships employment stat

How do apprenticeships work?

Apprenticeships can differ between organisations but typically you’ll spend most of the week at work.

One key benefit is that you’ll be learning from your colleagues in senior roles and have many years of professional experience, and you’ll have the chance to put into practice what you’re learning in your every day job. 

You’ll also spend time away from the office, undertaking the more formal ‘training’ part of your apprenticeship. This may mean attending classes once a week or even studying online. It will be up to your employer to decide which approach works best for you.

Top 8 reasons to become an apprentice

  • Fast-track your career
  • Put your learning into real-life practice
  • Achieve a recognised industry qualification
  • Avoid tuition fees and student debt
  • Receive a regular income, paid holidays and all the other benefits that come with a job
  • Benefit from the experience of your colleagues and gain a fantastic insight into the sector
  • Enjoy industry networking opportunities, right from Day One
  • Learn key transferable skills such as teamwork and problem-solving

What types and levels of apprenticeships are available in financial services?

The variety of apprenticeship roles in financial services is vast and ranges from Relationship Manager to Mortgage Adviser, from Risk Officer to Financial Adviser, from Customer Adviser to Administrator.  There is a role to suit everyone, with even more in development.

Apprenticeships are split into the following different levels:

Higher or degree apprenticeship (Level 7)

… is equivalent to…

Masters degree

Higher or degree apprenticeship (Level 6)

… is equivalent to…

Bachelor degree

Higher apprenticeship (Level 5)

… is equivalent to…

Foundation degree

Higher apprenticeship (Level 4)

… is equivalent to…

Certificate of Higher Education

Advanced apprenticeship (Level 3)

… is equivalent to…

2 ‘A’ levels

Intermediate apprenticeship (Level 2)

… is equivalent to…

5 GCSEs, grades A* to C

So if you were to take a Level 3 apprenticeship, you will have achieved the equivalent to ‘A’ level study upon completion.

We are currently developing our degree apprenticeship portfolio in Banking and Finance. More details will be available online soon but you can register here to keep updated with developments. 

How long would an apprenticeship take?

An apprenticeship has to last for a minimum of one year.  Normally, the higher the level of apprenticeship, the longer it will take.

How do I become an apprentice?

Find an opportunity

If you’re not already employed by an organisation that is prepared to sponsor you through an apprenticeship, you will need to identify one. You can do this by approaching an employer directly or by looking on the websites of different financial services organisations. 

Not sure where to start? Register here and we’ll provide you with as much guidance and support as we can.

Apply for the role

You’ll need to go through a recruitment process with the employer – in exactly the same way as you would for any other job application.  Take a look at our Careers blog for tips on presenting yourself for job interviews and maximising your impact. You’ll also need to ensure that you meet any academic requirements associated with your apprenticeship.


Apprenticeships are not only for new recruits

If you are already employed there may be apprenticeship opportunities available within your own organisation. Try speaking with your line manager or the HR Department.

Further information 

Contact us via email or call +44 (0) 12 2782 8234 for more information on how we can support you.