Internship News

A new report has given vocational training the thumbs up when it comes to finances.

The Association of Accounting Technicians (AAT) found that students who embark on vocational training when they are 18 can be as much as £70,000 better off than graduate peers by the time the latter have completed their degree.

Considerably lower tuition fees and the ability to earn a living wage while they train are among factors that leave vocational students much better off.

The AAT report added that although predictions from high street banks value the average student debt at £13,000, experts in higher education, such as Gemma Tumelty, President of NUS say it can often look more like £30,000.

Jane Scott Paul, chief executive of the AAT said: "£70,000 is a lot of money to anyone, especially those in the early stages of their career.

"With the vast majority of our school leaver students progressing on to become chartered at the same pace, or even quicker than graduates, it seems alarming that there is still such inherent snobbery towards vocational training in the UK."

She added that individual motivation is the crucial factor in determining whether a student will manage to climb the business ladder and earn.

"Rising stars will be rising stars whether they go to college or university," she said.

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