CMI comments on drop in UCAS university applications
Petra Wilton, Director of Strategy and External Affairs at the Chartered Management Institute, commented:
There are a number of factors that could be fuelling the drop in university applicants, with the colossal amount of debt that graduates now amass perhaps the most compelling explanation. With the UK’s long-standing skills shortage persisting and youth unemployment continually above the national average, it could be a major blow to the economy if rising costs result in more talented young people giving up on routes into higher education entirely.
This is why it’s so important that A-level students and their parents are made aware of the professional opportunities and benefits offered by degree apprenticeships. These new programmes allow students to learn while they earn, gaining both a degree and Chartered status, and all without facing the burden of university fees. Apprenticeships are a proven route of helping plug the skills gap so these new degree apprenticeship finally offer the prospect of building a talent pipeline that will ensure the economic prosperity and social well-being of the UK in years to come.
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Notes to editors
The Chartered Management Institute (CMI) is the only chartered professional body for management and leaderships, dedicated to improving managers' skills and growing the number of qualified managers.
Our professional management qualifications span GCSE to PhD equivalents, including the unique Chartered Manager award, which increases earning potential and improves workplace performance. We have been registered as an apprentice assessment organisation by the Skills Funding Agency.
CMI has led the way in developing a suite of trailblazing management apprenticeships with a 40-strong group of employers. These start from Level 3 (team leader) and Level 5 (operations manager) through to Chartered Manager Degree Apprenticeship. The Senior Leader Master's Degree Apprenticeship gives employers the option to upskill up to executive and C-suite level. CMI is a Skills Funding Agency-registered apprentice assessment organisation.
We provide employers and individual managers with access to the latest management thinking and with practical online support that helps them to embrace change, create high-performing teams and keep ahead of the curve.
With a member community of more than 157,000 managers and leaders, we promote high standards of ethical practice through our Professional Code of Conduct, and help managers to build their expertise through online networks, regional events and mentoring opportunities.