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University.

Essentially a structured course with a rising price tag of £9,250 per year. That’s £27,750 if you complete an undergraduate plus another £10,000 or so once you accumulate all that interest, and even more if you’re living out and/or have taken out a maintenance loan.

Advantages
  • UK degrees are recognised worldwide
  • A degree is supposed to increase your average salary once you graduate
  • It’s the only way to enter certain industries (teaching, nursing, law, psychology, medicine, etc.)
  • Get a taste of the ‘student life’ (being broke & staying up late)
  • Ability to explore communities through various societies
  • You may meet some very talented/fortunate people – amazing for your network
  • Structured course
  • Depending on your university, you may receive a world-class education
  • At least the debt wipes out after 30 years and is a progressive tax – this is only great if you plan on not working or are happy accepting the additional tax (see here for more)
Disadvantages
  • Not guaranteed a job at the end – can be difficult depending on the job market, even once you land one, the pay may not be great
  • Lots of debt which is paid as an additional tax – as if the UK’s tax wasn’t bad enough
  • Requires additional courses depending on your career choice, e.g. accounting qualifications such as ACCA, ICAEW or CompTia, AWS, Azure certifications in tech
  • Very little practical experience in most cases
  • Can be demotivating if you lack a vision – there aren’t any immediate incentives
  • Surrounded by degeneracy – people who may push you towards time-wasting and harmful activities
  • Most universities require you to do a lot of your own research/learning – depending on your course, the content may be freely accessible online or at a much lower cost
  • Some universities offer very poor quality education (and you’re still paying the same £9k+ p/a !??)
  • Some employers will demand a degree – although most prioritise your experience and results
Graduate schemes & placements

Now let’s talk jobs. For a corporate role, either tech or business-related, the best thing to do is to win your way onto a graduate scheme. Here you’ll have all the support, amazing pay, a fancy office, and everything you could have wanted (each to their own), depending on the company.

The problem is that they are very competitive. To increase your odds, you have to do at least one summer internship or ideally a placement year. These are also competitive and as with everything, not all employers are equal and not all managers are equal. You could be anywhere from being loaded with work to sitting around doing nothing.

If you perform well during your placement, however, you may get fast-tracked onto the grad scheme once you’ve completed your degree.

With both placements and graduate schemes, you’ll quite often face the same application process and assessment centres that apprentices go through. If anything, it will be a little harder as you’d be expected to have more experience and knowledge to share.

What happens if you fail to get onto a grad scheme?

Assuming you’ve got a strong application, experience (ideally from your placement) and enough to impress your interviewer, then entering a junior/associate or standard role would be your best bet. You’ll likely still benefit from a fancy office and the other perks but you may find that your salary is slightly lower (or possibly higher) and that there’s reduced support compared to what you’d get in the grad scheme.

These are all things you should ask during your job interview to confirm. It is likely with this, you will get thrown into the deep end, however success doesn’t come without failure, so fail fast and learn fast.

Apprenticeships.

I asked myself the question, why should I delay my assessment centre by one, two or three years and accumulate all that debt when I can get it done during A-Levels and start getting paid the moment I leave sixth form? Then weighed up all my options and decided to put all my effort into apprenticeships – it sure did pay off.

Advantages
  • No £50,000+ debt at the end of three years, instead you are £60-90k+ up after three years, aged 21
  • Ability to work for a top employer at 18 which gives you a head start in your career
  • Learn practical skills and apply all the theoretical knowledge
  • Build soft skills found in the workplace such as critical thinking, networking, public speaking, etc.
  • Be surrounded by serious people who have years-decades of experience
  • Take holidays whenever you want – benefit from cheaper holidays at off-peak prices
  • Structured course, delivered by an educational provider
  • Completely free degree if doing a level 6/7 apprenticeship, in some cases at Russell Group/top universities
  • In most cases, you are guaranteed a full-time job at the end, if not then you have a much higher chance at getting another job
Disadvantages
  • Tied to a 9-5 contract and following manager’s orders – can always resign but if you’re bad at committing, this isn’t ideal
  • Few colleagues around your age – dependent on the company’s apprenticeship investment
  • You may not get to experience university life – depending on the program, learning may be remote
  • Fewer holidays – you usually can’t just take off six consecutive weeks like you get to have in uni. Welcome to the working life
  • The workload may feel overwhelming – yet again, welcome to the work life. But in all fairness, if it is too much, you can always speak to your manager to make changes
  • You may get imposter syndrome or feel like you’re adding little value – depending on the role you may experience more of this, but the reality is unless you’re not actively trying to learn, you are definitely adding value to yourself incrementally which will benefit the business sooner than you know

I would highly recommend applying to a big company. This is because you’ll benefit from a higher level of support, higher job security, sense of community and you’ll likely benefit from additional perks such as free private healthcare, gym membership, discounted shares, etc.

I found that because there’s such a huge level of investment towards apprentices (but also interns, gap and placement year students) at IBM – at least in the London office; there are so many young faces, so you don’t always experience that age gap in the office. We get to work from home and because of the nature of my role, I get to travel across the country to other IBM offices, client offices and in some cases (not yet personally), overseas too!

There are also many communities, events, volunteering opportunities during working hours, a dedicated platform for learning and a huge focus on growth & development via a dedicated goal-setting, reflection and feedback platform. This sounds like a sales pitch but in reality, it’s how strongly I feel about working for a company like ours (I am not getting paid to say this).

I’m sold. But what about the grades?

This was a real concern for me. Academically, I am just about average. But what I found is that most corporate employers were asking for BBB. The highest I ever saw was probably AAB or ABB and whatever the equivalent is for a BTEC. In most cases, however, it was BBB, if not slightly lower.

If you’re not academically gifted like me, do not lose all hope. There are level 6 apprenticeships that don’t ask for specific grades. In fact, I received an offer from one and it was an amazing company (FTSE100) in the field I had always wanted. But after deep thought, I rejected it to explore a completely different pathway. With this company, they weren’t worried about your grades at all and were happy to take you on, once you had received an (unconditional) offer.

What if I don’t get any offers?

It is always important to have a backup plan. If you’re anything like me and were completely against the university route, you’d want to know about alternatives and so that’s exactly what I explored.

One thing to note is you may receive reconsiderations. This is likely due to candidates rejecting their offers, so companies will reach out to you, either to offer you the place or agree to a final follow-up interview. I experienced this with a consulting company and a leading Swiss bank – UBS, although by this point I had declined both, since I had two offers.

Gap year.

So this was my Plan B… There’s a lot of hate around taking one but in reality, it’s about what you do with the gap year that can actually put you ahead of everyone else in your age group.

Get qualified/accreditations for roles

This can be done in one of two ways. At a much lower cost compared to uni (anywhere between £10 – £1500), you can pay for a course or boot camp which will provide you with all the content, exam fees, etc. and even guarantee you a job at the end. This is great if you’re interested in software engineering or the cyber security route like I was. With software engineering, it’s always great to have something to show for it – building a portfolio on GitHub and your personal website is probably the best way.

Advantages
  • You’ll be completely out of your comfort zone and that’s amazing for your growth & development
  • Begin your career at a young age and in most cases, make more money than an apprentice
  • Potential to climb the ladder quicker – you’re not having to wait 1-4 years for your apprenticeship to end
Disadvantages
  • You’ll have to learn a lot on the job – this is inevitable at your first job
  • Some qualifications can be very difficult to obtain and if you fail the exam, you may have to incur additional fees
  • May be tied to a 9-5 and following your manager’s orders – seriously, if this isn’t your thing scroll down
  • The learning process can be isolating unless you go to an in-person boot camp/course

With this route, you don’t even have to work full-time for an employer. Another more profitable route is to become a contractor or freelance consultant where you benefit from higher day rates and the potential for greater tax breaks, more on this in the next section…

Become self-employed

Contracting or freelancing

Contracting and freelancing both come under the heading of being self-employed, which is something a lot of people desire nowadays due to assumptions they’ve made or heard. Let’s break it down and then cover the pros and cons.

Contractors usually work full-time for one client at the client’s premises (or WFH) and would therefore get access to a company laptop, directories, etc.

Freelancers generally have their own premises, although many choose to work from home with multiple clients. It is their responsibility to identify and work with clients.

With both of these in mind, whichever route you take, it is important that you have some form of experience, skillset or portfolio in mind. Examples of high-demand skills for contracting are consulting or software/app development. For freelancing: SEO, web development, UX/UI design and also app development.

Advantages
  • Greater pay
  • Often more tax efficient
  • Become a digital nomad and work from anywhere (if freelancing)
    • Lower your expenses and have a greater disposable income
  • More flexible to take breaks (less so during a contract)
Disadvantages
  • Always having to look for the next client/contract – risk of being stuck without work
  • You are liable for your own sick days & holidays (for contractors this is dependent on other factors)
  • Harder to begin with very little experience, and requires effort to build initial reputability
  • During upskilling process, a lot of self-accountability and perseverance is required – many options for courses, mentors and guidance which may become overwhelming
  • With freelancing, although you don’t have a boss, you are still following orders from your clients most of the time

If you have the right mindset, you can flip most of these disadvantages into points that work for you. You may find that some aspects of freelancing overlap with starting a business but to make things clear – freelancers only provide a service, whereas a business can do either or both.

Examples of in-demand skills:

  • Copywriting
  • SEO & Web development
  • App development
  • Social media marketing/management
  • Video (YT Shorts/TikTok/IG Reels) editing
Start a business

This is arguably a lot harder and riskier as a lot more time and money is required to begin. With many businesses, it requires monetary capital, some of which may be sunk costs. I had a side hustle (Amazon FBA) which didn’t require too much to begin due to the nature of the online arbitrage business model – I began this in Year 13. I imagined if I put more time and money into it, I could scale it and become successful due to the success of sellers around me.

The only reason I didn’t do this immediately after sixth form was because I preferred to have a degree, the experience and the company name on my CV to fall back on. I believed that I could start a business or begin freelancing whenever. Not to mention, I could use the money from the apprenticeship to fund any venture I wished to pursue and the sales skills learnt would give me a head start.

One problem with this mindset is if you believe you have something to fall back on, you can get too comfortable and end up working for someone else your entire life causing you to be demotivated in trying to pursue your own passions. This is something I’ll be working on over the years.

What happens when one wants to balance all three (job, side-hustle & passions) simultaneously? You have to learn to be efficient with time, and that’s one of the things I’m building Solah to help me achieve.

Advantages
  • You are your own boss
  • Can be more tax-efficient
  • If successful, you can retire early
Disadvantages
  • Success is not guaranteed and can take decades – 50% of businesses fail in the first five years
  • Greater financial risk if you have high sunk costs
  • Takes a LOT of hard work and dedication – you may work til late often
  • When scaling and hiring others, other people’s livelihoods are at stake – increased stress
  • You are liable for your own sick days & holidays

As before, some of these disadvantages can be solved, for example getting coached or mentored by someone who has successfully achieved something similar and hiring staff to take care of certain roles.

When starting a business, it’s as simple as finding a problem, creating a solution and scaling – our ability to execute that successfully depends on whether or not you have the edge that will differentiate you in the market and drive you through the hard times.

I personally believe one that can generate reoccurring monthly revenue is the most lucrative. That is why SaaS startups are always quick to get funded by investors. If you’re not looking to provide a product as a service, providing anything _aaS is also effective – for example, a social media marketing agency or window cleaning business.

Work a full-time job

I believe there are very few jobs that don’t limit you to the number of hours you hold in a day, and instead reward you based on your performance. After becoming a C_O, sale roles (which are much easier to get into) either reward you with bonuses, commission or a mix of both.

Not only that but a number of transferrable skills are acquired and must be learnt to perform well on the job. Overall these tend to be more fulfilling roles as you only get paid bonuses or commissions when you’re adding direct value for the business. You may also be able to make time to discover the other avenues outside of your contracted hours.

Always work for a company that you believe in, if it doesn’t align to your morals and long-term goals then you’ll be stuck in a job that you don’t enjoy.