A real, paid job where you also train towards a recognised qualification. In England at least 20% of your normal working hours are spent training, and you don't pay tuition fees.
The part of your apprenticeship spent learning rather than doing your normal job, at college, online or at work. In England it's at least 20% of your normal working hours.
An advanced subject qualification usually taken over two years at sixth form or college in England, Wales and Northern Ireland. It sits at Level 3, the same level as an advanced apprenticeship.
The Association of Accounting Technicians qualification, a common first step in accountancy apprenticeships. KPMG, for example, has audit apprentices study AAT Level 3 and 4 in their first two years.
The chartered accountancy qualification from the ICAEW. Several accountancy apprenticeships lead to it, like KPMG's five-year audit apprenticeship and Deloitte's 48-month Level 7 routes.
Definitions are our own plain-English summaries. Where we give figures, they come from the official sources listed on
the linked guide or profile. Rules can change, so check the official source before you make decisions.