Accountancy apprenticeships have doubled since 2007

The Financial Skills ­Partnership (FSP) has released data which shows that over the past five years accountancy firms have almost doubled the number of apprentices they employ.

3,710 apprentices were employed by accountancy firms in 2007, a figure which rose to almost 7,000 by the end of 2012.

FSP chief executive Liz Field believes that hiring school-leavers is beneficial because they are more likely to stay loyal to the company. Additionally she said that school-leavers tend to be more “realistic” about the salary.

Apprenticeship schemes are offered in firms both large and small across the sector. Apprentices train for five years, earning a wage and gaining professional qualifications.