Over half of young adults (58%) would prefer on the job training instead of going down the traditional college route, research from The Insurance Institute shows. Similarly, 55% of young adults would consider undertaking an apprenticeship if it were available in an area of interest to them.

The research surveyed 342 young adults aged between 16 and 34, as well as 435 parents of children under 18. Commissioned by The Insurance Institute, it was carried out by Empathy Research.

The overwhelming opinion amongst young adults (85%) is that college and third level education is not for everyone, with 82% saying that a more structured approach to education, such as one that allows them to earn and learn would be appealing.

When asked about their main concerns with regards going to college, 50% of young adults said they worry about their job prospects once studying is complete, with 47% stating that the cost and affordability is a major consideration.

It also revealed that only 5% of young adults believe there are enough apprenticeship options available in areas of interest to them but the survey did not collect data on what type of options that they would like to see introduced. This is a significant drop compared with 18% in 2019. The overwhelming majority (90%) stated that they think you can have a successful career without going to college.

Insurance apprenticeship

The 2020 Insurance Practitioner Apprenticeship, which begins in September, will have up to 100 places available nationwide. The ‘earn and learn’ programme enables apprentices to work full time for an insurance employer, earn a salary, whilst studying for a BA Hons in insurance practice.

“The apprenticeship is more than just a job, it is the chance of a career in a dynamic and thriving industry with boundless opportunities. Successful apprentices gain real work experience, while earning a living and working towards a third level qualification,” Dermot Murray, CEO, The Insurance Institute said.

“If you are a prospective apprentice or employer we would love to hear from you, or you can avail of clear, easy to access information on the programme by visiting www.earnandlearn.ie.”

The Insurance Practitioner Apprenticeship was first launched in September 2016. The Government funded apprenticeship is run in partnership with IT Sligo, and apprentices complete the degree portion online through distance learning over three years.

The minimum entry requirements include two honours in higher level subjects in the Leaving Cert and a pass in four additional subjects including English/Irish and maths.

For more information on the programme or to register your interest please visit www.earnandlearn.ie

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