PwC reports receiving 800 applicants for 60 posts in the firm's post A-level recruitment scheme HEADstart.
As students contemplate their university careers, PwC said candidates were increasingly seeing direct entry to training after A-level as a viable alternative to higher education.
James Chalmers, board partner, strategy and talent, PricewaterhouseCoopers LLP said:“We’ve no doubt that interest in schemes like ours is only going to grow over the next twelve months, following students’ recent experiences of budget cuts, rising debts and fewer places."
PwC reports that applications are 25% up for its HEADstart programme. A-level students are paid between £16,000 and £20,000pa.
I feel sorry for the people being paid £16, I know costs have been driven down, but that's just silly
Posted by: Adam, 24 Aug 2010 | 00:00
Pay of Stg. 16-20k is very reasonable for an A-Level, who is bright, hardworking and ambitious. This is taking into account that training to obtain a Professional Accounting designation which will be paid for by the firm, will get 3 years training on the job and will have have little or no debt after 3 years. Plus will have PwC on his resume.
The person going to university, will most likely have student debt, will not be trained on the job and will have to look for a job (possibly having to do a professional course to improve employability) and ironically might have the person who joined a training scheme as a supervisor.
The person in from the training scheme if doing ACCA will have a Oxford Brookes university BSc. in Applied Accounting and may enrol for an part-time or executive MBA program and become more than equal to the person going for a University degree. (This is assuming both pursue accounting careers).
Its from personal experience that i say so. I did my training in Accountancy, got my designation and did my MBA from Manchester Business School with Ernst & Young on my resume.
Posted by: Mohamed Ebrahim, 24 Aug 2010 | 00:00
£16,000 for a school leaver, with potential only, is fantastic money. The value of the opportunity is enough for minimum wage to be reasonable - £16,000 is brilliant
Posted by: Chris, 25 Aug 2010 | 00:00
They should be lucky to get this level of entry salary, I started a training contract on £11.5k with a top firm in 2006, after a completing a Bsc in Accounting and Msc in Advanced Accounting from two top universities. This sounds like a great oppurtunity and I wish someone had told me about such initiatives back when I'd completed my A-levels. No wonder there was such a high level of applications. Owe to be debt free!
Posted by: Alan, 26 Aug 2010 | 00:00
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