Using Apprenticeships

Apprenticeships

We have built different pathways and frameworks specifically for the financial industry offering you breadth to select the ones most appropriate for your business and country. Frameworks are used by colleges, employers and training providers to ensure that apprenticeship programmes are delivered consistently and to national standards. The framework includes all qualifications and their credit value. It also gives guidance regarding entry requirements, completion time and careers paths.

The apprenticeship frameworks span various disciplines, such as accountancy, financial and mortgage advice and bookkeeping; each provides your staff with the following elements:

  • Knowledge, generally a professional qualification
  • Competence qualification and skills in literacy and numeracy
  • Module on employer rights and responsibilities (ERR)
  • Module on Personal, Learning and Thinking Skills (PLTS) (England only)

Apprenticeships are defined by Government to indicate a programme of an agreed standard, which typically includes the following benefits:

  • Government Grants - funding is available from government and for SMEs there is £1,500 for recruiting an apprentice. This has also been increased, so eligible employers can claim the grant for up to ten apprentices.
    National Apprenticeship Service.
  • Provision of training - your business can team up with an approved training provider who will support you in navigating your way through the apprenticeship process
  • Regulatory qualifications - are included in the pathways and support T&C development

Frameworks for you

Within these frameworks, there are three levels of apprenticeships:

  • Level 2 - equivalent to GCSEs, A* to C grades or Scottish Standards Credit Grade.
  • Level 3 - equivalent to A’ Levels or Scottish Highers.
  • Level 4 - equivalent to HNDs or Foundation Degrees.

Each framework covers a specific discipline as follows:

  • Accounting
  • Providing Financial advice
  • Providing mortgage advice
  • Payroll
  • Bookkeeping
  • Providing financial services

The frameworks

Level 2

Nation(s)ApprenticeshipWho is it for?
England
Northern Ireland
Accounting
View Diagram
These apprenticeships are suitable for people who are hoping to or are currently working in roles including accounts assistant, cashier, credit control clerk, finance assistant, purchase ledger clerk or sales ledger clerk.
Wales Accounting
Scotland Accounting
View Diagram
England
Northern Ireland
Bookkeeping
View Diagram
This apprenticeship is suitable for people who are hoping to or are currently working in a bookkeeping assistant role.
Wales Bookkeeping
England
Northern Ireland
Payroll
View Diagram
This apprenticeship is suitable for people who are hoping to or are currently working in roles including payroll assistant, payroll clerk or trainee payroll administrator.
Wales Payroll
England
Northern Ireland
Providing Financial Services
View Diagram
This framework has a number of pathways to choose from and can lead into a range of careers including insurance underwriting, claims handling administrator, broking administrator, banking cashier or banking call centre adviser.

Level 3

Nation(s)ApprenticeshipWho is it for?
England
Northern Ireland
Accounting
View Diagram
This apprenticeship is suitable for people who are hoping to or are currently working in roles including trainee accounting technician or an assistant accountant.
Wales Accounting
Scotland Accounting
View Diagram
England
Northern Ireland
Bookkeeping
View Diagram
This apprenticeship will enable people to become a qualified Bookkeeper.
Wales Bookkeeping
England
Northern Ireland
Payroll
View Diagram
This apprenticeship is suitable for people who are hoping to or are currently working in roles including payroll supervisor, assistant payroll manager or payroll team leader.
Wales Payroll
England
Northern Ireland
Providing Financial Services
View Diagram
These frameworks have a number of pathways to choose from and can lead into a range of careers including trainee underwriter, trainee claims official, trainee broker or sales representative, senior bank cashier, senior customer adviser, foreign currency adviser, corporate actions and settlement adviser, pension administrator or pension team leader.
Wales Providing Financial Services
Scotland Providing Financial Services
View Diagram
England
Northern Ireland
Providing Mortgage Advice
View Diagram
This apprenticeship will enable people to become a qualified Mortgage Adviser, working with clients to explain mortgage products and analyse their financial situation and recommend an appropriate product.
Wales Providing Mortgage Advice
     

Level 4

Nation(s)ApprenticeshipWho is it for?
England Accounting
View Diagram Feature
These apprenticeships will enable people to become a qualified accounting technician or accounts manager.
Wales Accounting
Scotland Accounting
View Diagram
England Banking This Higher Apprenticeship will enable people to become a qualified Branch or Business Commercial Relationship Manager.
Wales Banking
England Insurance
This Higher Apprenticeship will enable people to become a qualified Claims/Broking/Underwriting Technician or Supervisor.
Wales Insurance
England Providing Financial Advice
View Diagram
This Higher Apprenticeship will enable people to become a qualified financial adviser, either independent or restricted advice on particular investment products.
Wales Providing Financial Advice
England Professional Services This Higher Apprenticeship will enable people to become a qualified audit or tax technician, or management consultant.
Wales Professional Services

Funding options for you

The size of the contribution varies depending on your sector and the age of the candidate. For full details of the government funding visit the Apprenticeship Service.

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