Executive apprenticeships: industry launches Master’s degree for business leaders
Employers can now use the Apprenticeship Levy to pay for executive skills development following the launch of a new Master’s degree apprenticeship in leadership and management.
The Senior Leadership Degree Apprenticeship was unveiled today [Tuesday, October 10] at a launch event attended by 200 representatives from employers, government and executive education providers.
In August, the Institute for Apprenticeships approved the first ever executive management apprenticeship, which comprises a Master’s degree and the opportunity to gain Chartered Manager professional accreditation and fellowship of the Chartered Management Institute.
Aimed senior executives and C-suite level business leaders, the apprenticeship includes a Master’s degree, such as an MBA, making these courses eligible for Apprenticeship Levy funding. Among the first to take MBA-linked Master’s degree apprenticeships are managers at Aviva, who are studying through Grant Thornton UK and the Cranfield School of Management.*
The apprenticeship has been designed by employers to develop the skill sets of senior leaders with responsibility for directing the operations of companies or third-sector organisations, government departments or local authorities, and formulating national and local government policy.
CMI is the only chartered professional body for managers and leaders, counting more than 157,000 in its membership.
Petra Wilton, CMI’s director of strategy, told attendees at the launch:
This exciting new Master’s level apprenticeship means that employers will now be able to lead by example and ensure that top teams have the professional leadership skills needed to drive growth. It will also help to challenge snobbery around vocational routes and can help demonstrate how these new apprenticeships really can provide pathways through to the top.
The announcement is welcome news at a time of renewed focus on upskilling the UK, as Brexit continues to fuel concerns about future access to top-level international talent.
The critical nature of these roles means that not having the right management and leadership skills can lead to the ultimate failure of the business. BEIS data reveals that incompetence or bad management of company directors causes 56% of corporate failures**. A 2016 report from Investors in People revealed that poor leadership and management costs the UK economy £84bn a year in lower productivity.
Antony Jenkins, Chair of the Institute for Apprenticeships, said:
I’m delighted that we’ve been able to approve this standard. Apprenticeships are playing an increasingly significant role all across the UK economy, including at the very highest levels of leadership, so it is important that we are putting the right structures in place to ensure that they are of a high calibre and fit for the demands of the role. This approval means that we are better able to ensure first-class leadership among the next generation of senior managers.
More and more businesses of all sizes are realising the benefits that high-quality apprenticeships can offer. The Institute is putting employers in control of developing the standards they need, giving learners a basis for lasting employment and overcoming national skills gaps.
This new apprenticeship has been developed by a group of more than 30 employers** led by Serco and Civil Service Learning, and supported by CMI. It adds to the Chartered Manager Degree Apprenticeship, which was launched in November 2015, and the team leader and operational manager apprenticeships launched in June 2016, providing a progression route for employers to invest in managers at all levels.
Anne Thomas, Head of Serco Education, said:
It’s vital for Serco that we develop and retain our skilled and professional senior managers who enable their teams and the business to deliver essential services for our customers. We are delighted to have led on the development of the Senior Leader Master’s Degree Apprenticeship with Civil Service Learning, and other employers. I am sure this apprenticeship will not only contribute to the successful development of Serco employees but also the wider UK economy.
For more information on the Senior Leader Master’s Degree Apprenticeship, visit: www.managers.org.uk/slmda or @CMI_managers
*List of confirmed providers:
Ashridge Executive Education at Hult, Aston Business School, Cranfield School of Management, De Montfort University, Edge Hill University, Henley Business School, Manchester Metropolitan University, Northumbria University, Teesside University, University of Bolton, University of Cumbria, University of Gloucestershire, University of Portsmouth, University of Sunderland
**Leadership and Management in the UK – The key to sustainable growth – a summary of the evidence for the value of investing in leadership and management development, BEIS, 2012
***List of employers involved with developing this standard:
Serco (employer chair), Civil Service (employer chair); Acivico (Birmingham City Council); Anglo Educational; Barclays; Balfour Beatty; Barchester Healthcare; Boots UK Ltd; British Army; BBC; CMI; Codegent; Co-op; DFS; EY Foundation; Interserve; KPMG; Manchester Airport; Manchester City Council; Morgan Sindell; NHS (Dept of Health); Opus Building Services; Pearson; Pendragon plc; Royal Navy Apprenticeship Centre (Babcock); Sainsburys; Santander UK plc; Speedy Services; TFL; Tui; umi Digital; Unipart; United Utilities plc; Virgin Media; Wincanton; and XPO Logistics
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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.