Finance industry is the third-best sector to hire an apprentice
According to the latest data from CV-Library, the UK’s leading independent job board, searches for apprenticeship jobs have increased by 1.3% in the last 12 months, with key industries experiencing an even bigger jump.
In fact, finance is the third-best industry to find an apprentice in 2020, with the number of searches for apprentice roles growing by 14.4% year-on-year within the sector.
The data, which analysed over 40,000 apprentice job searches between 2018 and 2019 ahead of National Apprenticeship Week, reveals the sectors that saw the highest growth in online searches for apprenticeships year-on-year include:
- Design (up 45.6%)
- Engineering (up 26.1%)
- Finance (up 14.4%)
- IT (up 5.6%)
- Automotive (up 3.1%)
Interestingly, the number of searches for apprentice roles don’t show the same level of growth across the board. In fact, similar searches in administration, education and construction were down year-on-year by 24.9%, 16.5% and 11.2% respectively.
Lee Biggins, CEO and founder of CV-Library comments: “Historically, most apprenticeships have been in blue-collar industries such as construction or automotive. While there are fantastic opportunities within these areas, our data shows that young people are also expressing a keen interest in white-collar schemes within the design, finance and IT sector.”
Furthermore, the study also analysed over 2,000 apprenticeship jobs on the CV-Library website and reveals that while finance may be the one of the most sought-after industries for young people wanting to start an apprenticeship, jobs in this industry only make up 2.7% of all advertised apprentice roles.
In fact, the industries with the largest proportion of apprentice opportunities are administration (21.9% of all roles), IT (11.6% of all roles) and recruitment (7.5% of all roles).
Biggins continues: “These findings prove that businesses within the finance industry are recognising the value of hiring apprentices and have chosen to invest heavily in these schemes. If you don’t want your business to get left behind, it’s time to embrace apprenticeships and start to train future generations of finance professionals. With so many young people actively searching for finance apprenticeships, now is the perfect time to start advertising your apprenticeship roles, now.”
