Wiser Academy Responds to Graduate Demand

Wiser Academy, the UK’s leading training and development business for the insurance sector, has relaunched its graduate programme in light of increased demand from young people seeking qualifications while they hold down a job.

Insurance businesses will benefit from learners undergoing structured training in insurance that will help them become industry high achievers.

Along with the government apprenticeship scheme and working with the University of Chichester and a local College, the four-year course is an alternative to the traditional university route to a degree, offering young people the chance to attain a BA (Hons) in Insurance while they further their careers in the insurance industry.

The programme sees learners spending the first three years on the Level 6 apprenticeship to achieve their ACII qualification. In the final year they complete a BA (Hons) Degree. The programme has attracted over 50 graduates but Wiser Academy is looking to double the number of applicants during 2022.

Crescens George, CEO of Wiser Academy, said: “Our programme gives students the win: win of a BA (Hons) degree, plus the highly recognised ACII insurance qualification, alongside work experience and a full-time salary, putting their career path in a far better position than going to university.”

“While their peers are leaving university with big student debt (as much as £50K) and the prospect of having to find a job, our graduates have a much smaller debt (£5,750), and they are already in full time employment and moving up the career ladder.”

Cres said that there are also big advantages for insurance brokers and insurers, many of whom find it difficult to compete with other parts of the financial services sector for the best graduate talent. This highly innovative programme is an opportunity to lure the elite of young college leavers into the world of insurance so businesses can grow your own graduates.

He said granular data was hard to find, but a survey in 2017 found that 10% of young people entering the job market joined the insurance industry, down from 18% in 2015. “We need to change the direction of travel for young talent and do things differently, especially now the pandemic is easing.”

He explained that the course doesn’t cost anything for large employers with a wage bill over £3m, who pay the apprenticeship levy as ACII qualifications are funded by the apprenticeships scheme. For smaller employers not paying the levy, a 5% contribution will apply, around £1000. The final year (BA Hons in Insurance) is funded via a student loan, so there’s no charge to employers.

Wiser Academy can also white label the course to a company’s own graduate training programme.

Cres noted: “In the post pandemic world, it’s important to offer young talent new routes into the industry without the financial hassle of going to university. The Wiser Graduates Degree Programme achieves this, and we are keen to play our part in meeting this key objective for the future success of our sector.”

About alastair walker 8741 Articles
20 years experience as a journalist and magazine editor. I'm your contact for press releases, events, news and commercial opportunities at Insurance-Edge.Net

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