Get a quote
Home Electricians Insurance Degree or Apprenticeships? Which Will Benefit You More?

Degree or Apprenticeships? Which Will Benefit You More?

Is university still the right way to go? Apprentice electrician, Marcus, drives a Mercedes and is expected to be earning £50,000 by his mid-20s, while graduate Ashley is left with debt and unable to afford petrol or rent.

Marcus, who is only 21, decided to start an apprenticeship as an electrician is now earning £27,000 a year. Due to a shortage of skilled workers within the trades industry Marcus’s expertise is in high demand – it was revealed last month that electricians can expect to earn £156,000 annually.

Ashley, on the other hand, who was told that if she had a degree she “would always find work” has found that the advice isn’t quite as fitting as she is now £31,000 in debt and earning £7.50 an hour.

Marcus, who is hoping to be earning £50,000 a year by his mid 20s, decided academia wasn’t for him after sitting his GCSE’s. “It wasn’t that I was incapable — I was always driven,” he says. He began his four year apprenticeship in electrical installation whilst shadowing a qualified electrician four days a week and spent only one day a week in college. Only on a meagre wages (£2.64 that later rises to £6.20) an hour, Marcus admitted to struggling. “I was too tired to go out after work. I felt I was missing out, but I matured and adapted quickly.”

Marcus, who qualified as an electrician just two years ago, has already set up his own company, and with a booming business within 6 months, he hired an apprenticeship of his own. “My university friends say I’m earning so much money,” he says, adding with admirable humility: “But it’s not that I’m doing better than them — I’ve just been working longer.”

What do you make of apprenticeships?


This website is intended for customers based in the UK and is therefore subject to the UK regulatory regime(s) © Copyright 2024 Tradesman Saver | Tradesman Saver and Henry Seymour & Co. are trading names of Barkdene Limited which is authorised and regulated by the Financial Conduct Authority (FRN 303965) for our insurance distribution and credit broking activities. Barkdene Limited is a credit broker not a lender. You can check our financial services registration status on the Financial Services register.
Registered in England No 1842617. Registered Office – Chancery House, St Nicholas Way, Sutton, Surrey, SM1 1JB. All rights reserved.
Back To Top
You need to be logged in to Your Account to make a payment. Redirecting you to Account Login.