A qualification from a professional body, like the ACA, CIMA or NCTJ Diploma, that shows you can work in a particular profession. Many apprenticeships include one instead of, or as well as, a degree.
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.
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 Chartered Institute of Management Accountants qualification. Sky's five-year finance apprenticeship starts with the CIMA Certificate at Level 4 and moves on to CIMA Professional Level at Level 7.
A postgraduate degree, one level above a bachelor's, at Level 7 (SCQF Level 11 in Scotland). Some Level 7 apprenticeships include one, but many lead to a professional qualification instead.
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.