Barclays Money Mentors
Ready to take control of your money?
We all need a little help with our finances at times, so why not book a Barclays Money Mentors session today? You can get some guidance on how you can make your money work for you.
Is an apprenticeship scheme right for your child?
We outline apprenticeships – from the key benefits to what an apprentice might earn.
With the cost of higher education on the rise, and pupils now legally required to study until their 18th birthday, apprenticeships are a smart way for young people to continue their studies while earning a living at the same time.
A huge range of programmes is available to students looking to leave school after completing GCSEs or A-Levels. If your child is considering starting their career with an apprenticeship, here’s what you need to know.
It’s a real job that offers training towards a nationally recognised qualification, such as a BTEC or City & Guilds. Apprenticeships also provide key workplace skills and some offer mentoring.
No tuition fees
Your child will earn a salary while they learn.
Experience
Apprentices work with experienced staff, learn job-specific skills and study for a work-based qualification during their working week, eg at a college or training organisation.
Increased future earning potential
Although starting salaries can be low, apprentices often enjoy marked salary increases when they complete their training.
There are 3 levels of apprenticeship – Intermediate (equivalent to five GCSEs), Advanced (equivalent to two A Levels) and Higher (which can lead to NVQ Level 4 and above or a foundation degree).
The first 2 offer a nationally recognised vocational qualification and are usually open to young people with GCSEs or equivalent education. Higher Apprenticeships are normally aimed at individuals with A Levels.
The minimum wage for apprentices varies depending on age. For full details, see gov.uk’s apprenticeships page
Someone who’s completed an Intermediate Apprenticeship in financial services could expect to earn £14,000 as a starting salary.
Apprenticeships are available to anyone over the age of 16, living in England. Entry requirements vary depending on the sector and role.
Most Intermediate and Advanced Apprenticeships last between 12-18 months, and Higher Apprenticeships usually between 3 and 4 years.
Ready to take control of your money?
We all need a little help with our finances at times, so why not book a Barclays Money Mentors session today? You can get some guidance on how you can make your money work for you.
What to think about before and after you buy
Whether it’s brand new or just new to you, check out our tips on what to consider when buying your car.
An account for full-time UK students.
Do your everyday banking on your phone.
Get the skills you need to succeed now.