Michael Walby, UK Learning Director of Professional Qualifications at KPMG comments on research published today by University College London (UCL) Institute of Education which claims twenty-somethings who pursue vocational training rather than university report being just as satisfied with their lives.
"We believe that young people should have the opportunity to fulfil their potential irrespective of their socio-economic or educational background. If we want to make that ambition into a reality, it is vital that those who choose vocational learning are able to progress to the same senior roles as those who opt for an academic route through higher education.
“With the rising cost of higher education, offering young people from more disadvantaged backgrounds the opportunity to ‘earn while they learn’ through vocational schemes such as apprenticeships has never been more important. Reports like this one are vital because they show young people that the route to a rewarding career isn’t academic education or nothing. Now the Government, employers and educators must focus on ensuring quality rather than quantity in vocational choices, so it is seen by more young people, and their prospective employers, as a viable alternative to academia.
“KPMG strongly believes that a diverse workforce is vital to meeting the future needs of our clients. Our ability to innovate and grow is dependent on access to a mix of qualified professionals with academic or vocational experience, so ensuring we provide access to the profession via a variety of different routes is essential to guarantee we remain competitive.
“Since the launch of KPMG’s apprenticeship programme, KPMG 360o, in autumn 2015 more than 200 young people have benefitted from access to a wide variety of opportunities to work with our clients, while gaining transferable qualifications.”
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KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 13,500 partners and staff. The UK firm recorded a revenue of £2.07 billion in the year ended 30 September 2016. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 152 countries and has 189,000 professionals working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.