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23 Jan 2021

Total revenues from MBA apprenticeships were expected to exceed £26m by May 2019, which would be about 1 percent of the money raised, according to TES. Email Newsletters LJMU's Masters-level apprenticeship has been designed with the CMI to meet employer training needs for senior/high potential managers. As of May last year, 15 percent of apprenticeship levy spending had been on higher level programs, including master’s degrees. OH&W subscriptions “This apprenticeship sets out the knowledge, skills and behaviours employers require of competent senior Leaders and any qualifications must fit this criteria. Recruitment & Resourcing The government needs to keep an eye on those types of apprenticeships to ensure they are offering the development planned.”. This means that a top-up of £9,000 must be covered by the employer, which cannot be recouped through the apprenticeship levy. Non-levy paying employers, such as SMEs, can request funding through the Apprenticeship Service. If accepted, this involves co-investment. Contributions started in April 2017. So, for example, on graduate schemes that are in effect being ’re-packaged’ as apprenticeships.”. The Institute for Apprenticeships, the agency created by the Department for Education to administer the levy, has ruled that no more than £18,000 can be spent on master’s level degree courses. There were 393,400 apprenticeship starts in 2018/19, up 5% on the year before but down significantly from the 564,800 starts prior to the levy’s introduction. The business pays 5% towards the cost of apprenticeship training. Cookies policy Richmond proposed that the levy should not be used for degree and masters level training. Universities are still planning to offer the MBA in the level 7 senior leader apprenticeship, despite the qualification being axed from the programme. The funding for apprenticeships comes from a levy introduced in 2017 that requires employers with annual wage bills above £3m to set aside an equivalent of 0.5 per of their payroll. Senior Leader/MBA Degree Apprenticeship. A public consultation on the new standard will run until 29 April with a the new standard’s funding future to be decided by 1 June. Learning & Development The Institute for Apprenticeships and Technical Education (IfATE) has responded to a letter from education secretary Gavin Williamson sent in late February to its chief executive, Jennifer Coupland, that questioned whether using apprenticeships for MBAs was providing good value for money. Employers can choose to spend their apprenticeship levy funding as they wish, including providing opportunities for current and aspiring leaders to study an MSc or MBA. This apprenticeship is designed for any individual moving into a senior or strategic management role. IfATE added that as such, there is no requirement to be a member of a professional body and an individual would not be significantly disadvantaged in the senior leader job market without this qualification. Educational think tank, EDSK claimed that employers and universities are mislabelling a range of training courses and jobs as apprenticeships to use up funding from the apprenticeship levy provided by the government. The MBA Degree Apprenticeship aims to accelerate the career development of high-potential employees and drive significant improvements in organisational performance. Health & Safety The course—an MBA apprenticeship—is far removed from most apprenticeships, which tend to provide a path into a first job through in-work training. The implication is that management training including MBAs was already provided by organisations. At the time of the apprenticeship levy’s launch, the CIPD warned there was evidence that many employers would simply use it to re-badge existing learning and pass it off as apprenticeship training. This money can then be used to fund apprenticeship training, for new or existing staff, from Loughborough University or other Government-approved providers. The apprenticeship levy makes UK employers with an annual payroll of more than £3 million pay 0.5% of the total on training. Plans to remove the controversial MBA component attached to the level 7 senior leader apprenticeship standard have been revealed. RSS feeds Hardy said: “Surely this should not be considered an apprenticeship,” and in her opinion, “the government should end the 100% use of the apprenticeship levy for courses equivalent to a master’s degree.”. Using the levy for high level qualifications has always been controversial within the training sector with Amanda Spielman, Ofsted chief inspector, among critics. He wants to stop firms using the apprenticeship levy to subsidise MBA (Master of Business Administration) courses for "highly paid" managers. Degree Apprenticeship funding. This is a flexible option, as it allows the MBA to be fitted around any career or personal obligations. This news hardly comes as a surprise, as the inclusion of MBAs as part of the government’s apprenticeship scheme has faced strong criticism from detractors as it consumes a large portion of the apprenticeship levy allocated for workplace training funds. The level 7 senior leader apprenticeship was launched in February 2018 and can lead to apprentices gaining a master’s degree in management, either MA, MSc or MBA. The levy was introduced to help address the significant skills issues in the UK labour market. Our Level 7 Senior Leader Masters level Degree Apprenticeship at Birmingham Business School is an exciting opportunity to gain a prestigious MBA, supported by employers and funded by the Degree Apprenticeship Levy. Advertising specifications MBA apprenticeship funding comes from a levy scheme where employers with annual wage bills above £3 million make a mandatory contribution equivalent to 0.5 per of their payroll. “I am committed to maintaining an employer-led system, but I’m not convinced the levy should be used to pay for staff, who are often already highly qualified and highly paid, to receive an MBA. Using the levy for high level qualifications has always been controversial within the training sector with Amanda Spielman, Ofsted chief inspector, among critics. Bringing you the latest news, trending topics and continuing professional education advice about online learning institutions worldwide. However, the Office for Standards in Education, Children’s Services and Skills (Ofsted) reported last year that these so called graduate apprenticeships were relabelled as such, from pre-existing graduate schemes. You may be a strategic leader in the private, public or third sector organisation, who lead, manage and direct organisations or are working towards this role. MBA Apprenticeship Levy London connected Cambridge is just 1 hour 30 minutes drive north of London, or 50 min directly by train. Education secretary Gavin Williamson has called for a formal review of MBA apprenticeships – days after Tes revealed that over £100 million of levy funds had been spent on the controversial level 7 senior leader apprenticeship standard.. So, for example, on graduate schemes that are in effect being ’re-packaged’ as apprenticeships.”. IfATE stated that it would share all responses to the consultation with the trailblazer group “so they can produce a final version of the occupational standard currently intended for submission to the institute’s approvals process by 20 May”. The report also contained warnings that many employers will simply use the levy to re-badge existing learning and pass it off as apprenticeship training. This levy was introduced in 2017, giving employers control over which qualifications can be classed as apprenticeships. Personnel Today has launched a new email newsletter for 2020, focusing on all aspects of diversity and inclusion. Amanda Spielman, Ofsted chief inspector questioned the reasoning behind using the apprenticeship levy to fund university degrees that can already be funded through the student loan system. 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