The Institute has been closely involved with recent developments in Apprenticeships and has assisted with the development of the new, employer-led “Trailblazer” apprenticeship standards in banking and wider financial services. With a range of apprenticeships available already including customer advisers, relationship management and compliance and new schemes under development, we anticipate that many of tomorrows’ future leaders will enter the industry as apprentices.
Completion of an Apprenticeship programme that utilises Institute qualifications will give a clear progression route that will enable individuals to access Institute membership and Continuing Professional Development (CPD) and progress to further professional or postgraduate qualifications and, potentially, to attain full Chartered Banker status.
The Government's Apprenticeships Vision
- 3 million apprentices by 2020;
- Apprenticeships will be an attractive offer that young people and adults aspire to go into, as a high quality and prestigious path to a successful career;
- All apprenticeships will provide substantive training in a professional or technical route, transferable skills and competency in English and maths for all ages;
- Apprenticeships will be available across all sectors of the economy and at all levels, including degree level.
The core principles of quality for an apprenticeship
- It requires substantial and sustained training, lasting a minimum of 12 months and involving at least 20% off-the-job training;
- It develops transferable skills, and English and maths, to progress careers;
- It leads to full competency and capability in an occupation, demonstrated by the achievement of an apprenticeship standard;
- It trains the apprentice to the level required to apply for professional recognition where this exists.