Studying at level 4 and 5 can increase earning potential and employability, according to new research published by the Department for Education this morning.
The research, which forms part of an ongoing review of education at the levels between A-level-equivalent and degree-level qualifications, found that students achieving a level 4-5 qualification by age 23 had higher median wages by the time they were 26 and were more likely to be in sustained employment than students who achieved a level 3.
There was also a growing demand for these qualifications from employers in key sectors such as ICT and engineering. Level 4 and 5 qualifications include diplomas of higher education and foundation degrees and are offered at FE colleges and universities.
Skills that 'change people's lives'
Level 4 and 5 education is currently being reviewed by the DfE, focusing on how technical qualifications at this level can better address the needs of learners and employers. The review forms part of the government’s work aiming to boost skills and improve HE and FE, including the implementation of the Post-16 Skills Plan.
Apprenticeships and skills minister Anne Milton said: “We want everyone to be able to access high-quality technical education and training so they can get the skills they need. Having these skills can change people’s lives, leading to a rewarding career and fantastic opportunities.
“These early findings show how learning at level 4 and 5 can benefit people of all ages and a wide variety of backgrounds, whilst helping employers get the skilled workforce they need.
“This research will play an important part of our ongoing review of level 4 and 5 qualifications, so we can understand how we can make education at this level work even better for everyone.”