University Scholarships / Sponsorships

University Scholarships / Sponsorships

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Original Poster:

39,687 posts

195 months

Saturday 18th October 2014
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My son, and two of my nephews are in Years 11, 12 and 13 respectively and are currently doing GCSE and A-Levels. At the moment all 3 hope to go to University. My two nephews obtained very good drades at GCSE and the one in Y13 is also being predicted very good grades for his A-levels.

It is some time since I went to Uni but I seem to remember that some students were sponsored by Companies who gave them £5k-£10k per year, paid experience during the holidays, and a pretty much guaranteed job if they graduated with a 2:1 or above.

Given the cost of degrees nowadays every little helps. Does anybody know the best places for me to find out what companies are providing sponsorships? Their preferred career choices at the moment are Actuaries or in Investment banking.

Thanks in advance.

STW2010

5,714 posts

161 months

Saturday 18th October 2014
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Armed forces possibly? When I was at uni there were a few from the navy.

This is really a thing of the past now though, I'd imagine. At postgraduate level I'd be able to help (I award bursaries when I'm in a good mood) but at undergraduate it's not like that anymore.

stoneb09

57 posts

115 months

Saturday 18th October 2014
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Ernst and Young do a fantastic scholarship scheme in Accounting, Auditing and Finance.

The basic structure of the course is as:

-Yr 1: Introduction to accounting and finance, Economics and Audit.
-Yr 2: 3 Month paid placement with EY, the rest of the year spent studying for more exams.
-Yr 3: A paid year in industry with a salary of approx 22k.
-Yr 4: Same as year 2.

Then assuming you don't monumentally fk up your placements, you are offered a contract at the end.

a311

5,789 posts

176 months

Sunday 19th October 2014
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I can't speak with any authority right across the entire career spectrum, but in my sector-engineering, science, tech provider we'll put people through an undergraduate degree but only when they're already working for us as an apprentice. Will take 5 years part time vs 3 years full, but you'll earn a decent salary along the way and come out with no debt at the end of it, a degree plus 5 years experience.

It's no surprise with the way tuition fees have gone that when attending careers fares there's a lot of sixth form age students asking what we can offer when it used to be all grads.

anonymous-user

53 months

Sunday 19th October 2014
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Is it just me that is shocked to learn that there are teenagers out there wanting to be Actuaries?

Edited by anonymous-user on Sunday 19th October 16:29

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Original Poster:

39,687 posts

195 months

Sunday 19th October 2014
quotequote all
STW2010 said:
Armed forces possibly? When I was at uni there were a few from the navy.

This is really a thing of the past now though, I'd imagine. At postgraduate level I'd be able to help (I award bursaries when I'm in a good mood) but at undergraduate it's not like that anymore.
They're not really keen on military service so that's out I'm afraid. I thought a lot more companies were doing University Apprenticeships? My line of work is Accountancy and I'm aware of several of the big firms taking on people at 18, enrolling them on specific degrees which also count towards their "Chartered" status which means that, after 3/4 years - you have a degree, you're also a Chartered Acct, and hopefully you have a job.

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Original Poster:

39,687 posts

195 months

Sunday 19th October 2014
quotequote all
stoneb09 said:
Ernst and Young do a fantastic scholarship scheme in Accounting, Auditing and Finance.

The basic structure of the course is as:

-Yr 1: Introduction to accounting and finance, Economics and Audit.
-Yr 2: 3 Month paid placement with EY, the rest of the year spent studying for more exams.
-Yr 3: A paid year in industry with a salary of approx 22k.
-Yr 4: Same as year 2.

Then assuming you don't monumentally fk up your placements, you are offered a contract at the end.
That's the kind of thing I've been pushing him towards. PwC, Deloitte's, Baker Tilly all have similar schemes. Shockingly they don't think Accountants aren't paid enough. biggrin

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Original Poster:

39,687 posts

195 months

Sunday 19th October 2014
quotequote all
Breadvan72 said:
Is it just me that is shocked to learn that there are teenagers put there wanting to be Actuaries?
I have explained to the wannabe-Actuary that it will be exceptionally boring and to the wannabe - Investment Banker that piano player in a brothel would be more honourable but kids just don't listen to their elders biggrin

hidetheelephants

23,733 posts

192 months

Sunday 19th October 2014
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Breadvan72 said:
Is it just me that is shocked to learn that there are teenagers out there wanting to be Actuaries?
No. Does the teenager in question have a discernable pulse?

anonymous-user

53 months

Sunday 19th October 2014
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Q: How do you know when you've met an extroverted Actuary?


A: At a party, the shoes he stares are at are yours.

brickwall

5,192 posts

209 months

Sunday 19th October 2014
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The major players in investment banking don't generally do the 'scholarships' thing, aside for a few small schemes for under-represented groups. The general pattern they follow is:

Year 1: 'Experience week' - generally in the Easter holidays. Expenses/button money only.
Year 2: Summer internship. Massive hours, stress etc. etc. £10k pay (not bad for a 10-week summer 'job'). Most get offered a position at the end.
Year 3: As normal, job at the end (@ ~£50k package)

But more broadly, why would you take a sponsor scheme? Generally, students will only need to find £3-4k per year of their own money to have a pretty decent standard of living at uni. For most, that's obtainable in holiday work, and/or with some parental support.

Note: I've based this on taking a gov't student loan of full fees, plus £3,500 in maintenance per year, and assumed you need ~£7k pa to live at uni.

Dave350

359 posts

117 months

Monday 20th October 2014
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Some here for you to have a look at that offer good prospects. Rolls Royce take on graduates at £27k iirc.

http://www.ntu.ac.uk/nbs/courses/undergraduate/spo...

cold thursday

341 posts

127 months

Monday 20th October 2014
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Breadvan72 said:
Is it just me that is shocked to learn that there are teenagers out there wanting to be Actuaries?

Edited by Breadvan72 on Sunday 19th October 16:29
No it's not just you smile