These will form the third wave of T Levels to be taught in classrooms across the country from September 2022. T Levels combine classroom theory, practical learning and a substantial (minimum 315 hours) industry placement with an employer to make sure students have real experience of the workplace.
They provide the knowledge and experience needed to open the door to highly skilled employment, an apprenticeship or higher-level study in the chosen sector.
The T Level in Finance aims to progress students into the roles of Retail and Commercial Banking Analyst, Investment Banking and Asset and Wealth Management Analyst, Insurance Practitioner, and Financial Compliance/Risk Analyst. While the T Level in Accounting is aimed at students who wish to progress into the role of an Assistant Accountant.
The new qualifications will be developed in partnership with industry experts. The Association of Chartered Certified Accountants (ACCA) will work with Pearson on the Accounting T Level to ensure the qualification content is current and enables students to gain industry recognised qualifications that will enable them to progress to chartered status.
In September, Pearson also started delivering two of the three first-wave T Levels, in ‘Digital Production, Design and Development’ and ‘Design, Surveying and Planning for Construction'.
Cindy Rampersaud, Senior Vice President at Pearson UK, said:
We are delighted to be delivering the Finance and Accounting T Level pathways from September 2022. We look forward to supporting learners as they begin their programmes of study, and playing our part in developing talent in two areas which are so vital for our economy.
We will draw on our experience of delivering first wave T Levels in the Construction and Digital pathways, as well as our longstanding collaboration and partnership with government, employers and providers to design, develop and deliver world class qualifications.
Jennifer Coupland, chief executive of the Institute for Apprenticeships and Technical Education, said:
I would like to congratulate everyone on delivering another important step forward for T Levels. It is fantastic that this has been achieved on schedule despite all the challenges posed by the COVID-19 pandemic.
These exciting new qualifications will be a fantastic option for young people across several of the economy’s key employment sectors. We look forward at the Institute to helping to ensure their long-term success.
Claire Bennison, head of ACCA UK, added:
We’re excited to have the opportunity to support Pearson with the next wave of T-levels focusing on accountancy and finance. These T-levels offer young people more choice and will make a real difference to open up opportunities for young people to enter meaningful work. And these T-levels also offer a bonus for employers – providing them with a skilled and more inclusive workforce to be prepared for a stronger future.