We use cookies on all our websites to gather anonymous information about your visit that helps us to make improvements and increase performance. By continuing you are consenting to these cookies.

If you would like more information or would like to change your cookie preferences, please visit our cookies page.

Apprenticeship

Under Development

Mature-man-in-suit-talking-to-two-other-men

Our higher and degree apprenticeship programmes in financial services have been developed by a group of employers, in liaison with The London Institute of Banking & Finance, as well as other professional bodies and higher education providers.

The following apprenticeship is not yet approved for delivery by the UK Government, but get in touch if you are an employer interested in hearing more about how we can work with you to co-design and develop an apprenticeship programme that meet your organisation’s needs.

Apprenticeship

  • Senior Investment / Commercial Banking Professional (Level 7)



Senior Investment / Commercial Banking Professional

Level 7

The Senior Investment / Commercial Banking Professional Apprenticeship can lead to our PGCert in Banking & Finance, our PGDip in Banking & Finance or our MSc in Banking & Finance, as well as professional recognition through the award of Chartered Associateship.

The Senior Investment / Commercial Banking Professional Apprenticeship is suitable for aspiring senior managers normally holding an Honours degree.

The apprenticeship includes a blend of work-based learning and specialist financial education. It offers a choice of four streams enabling specialisation in different areas of financial services (commercial / business banking, investment banking, investment management and investment operations) and thereby a focus on the technical knowledge and skills of most relevance and significance to both the apprentice and the organisation. 

East-Africa-partners
Women-in-in-black-suit
Women-in-striped-top-talking-to-another-women

Frequently Asked Questions

To meet the Government’s agenda and drive the increase in the number and quality of apprenticeships, the levy was introduced in April 2017 and is the biggest change to impact on the apprenticeship landscape.  The levy gives you control of your training and is creating employment opportunities nationwide. 

If you are an employer with an annual PAYE bill of over £3 million, you must pay a levy of 0.5%; this is taken on a monthly basis by HMRC and transferred into an employer’s account with the Digital Apprenticeship Service, topped up by the Government. 

The levy ‘pot’ can only be used to fund the training and assessment of apprenticeships (not the wages of apprentices) in England, with each apprenticeship standard sitting under one of 15 funding bands or caps, ranging from £1,500 to £27,000. Digital accounts are accessed online and used by employers to ‘purchase’ training programmes from a list of recognised providers, recorded in the Register of Apprenticeship Training Providers.  Levy payments expire after 24 months unless they are spent on approved apprenticeship schemes. In the event that there are insufficient funds in your digital account to cover the full cost of apprenticeship training and assessment, the government helps meet 90% of the additional costs.

Let’s assume that you have an annual pay bill of £8,000,000.

  1. Your levy sum will be 0.5% x £8,000,000 i.e. £40,000.
  2. All employers receive an allowance of £15,000 from the Government to ‘offset’ against payment of the levy.
  3. Your annual levy payment will, therefore, be £40,000 less £15,000 i.e. £25,000.
  4. In England, the Government provides a 10% ‘top up’ to an organisation’s monthly levy contributions, so for every £1 paid in, a business has £1.10 to spend.

In fact, less than 2 per cent of UK employers pay the levy. So, if your pay bill is less than £3m per year, you will not pay the levy.  In this case, at least 90 per cent of your apprenticeship training and assessment costs in England will be paid for by the Government. The Government will then ask you to make a 10 per cent cash contribution to the cost, paid directly to the training provider, with the Government covering the remainder (up to the maximum agreed funding band).

Apprenticeships are open to both existing staff and new recruits. An apprentice must be employed for a minimum of 30 hours per week, and be eligible to live and work in the UK.

There are several ways in which you can recruit a new apprentice to your organisation.  You could advertise through the same media that you’d use to find other employees, as well as using specialist apprenticeship websites. You could also try contacting your local schools or colleges, and we can support you to identify school outreach channels. 

 

Has your question been answered?

#