A revolutionary low cost degree launched by Be Wiser Insurance has welcomed its first intake. The BA (Hons) Insurance degree will cost students, like 19 year old Jessica Hall from Southampton and Neil Macdonald from Salisbury, just £9,000 over three years. This is compared to the traditional University route that can cost more than £60,000 for three years.
“I was always planning on going to University,” said Jessica, who studied a BTec in Business studies at Richard Taunton Sixth form College. “But I wanted to do a degree course where I can apply the theory to my work practice. This is a unique opportunity to study a degree alongside relevant work experience and it will enable me to become a successful insurance broker whilst gaining the qualifications. The insurance degree will also help develop my management skills, business administration and research, therefore opening doors to build a successful career in the increasing complex financial sector. I can’t wait for September to start my career.”
Most of Jessica’s classmates have decided to go along the more traditional university route, something that Jessica’s parents, who are both teachers hoped she would do.
“My mum and dad did want me to go to university but now they have seen the way this degree course is run they agree that it is much better for my career progression,” said Jessica.
“Throughout the course I will gain a BA (Hons) degree in insurance, a level 3 NVQ in providing financial services and a certificate in insurance. These qualifications will give me the opportunity to constantly progress and ensure that I have a successful career. However this course also gives me three years of varying experience in a diverse range of roles and departments in Be Wiser, this will enable me to know which aspect of the company I am best suited to,” she said.
The selection process for Jessica and the other applicants involved an interview at Peter Symonds College in Winchester followed by an assessment and interview at Be Wiser Insurance.
“The assessment was quite daunting. I had to do a presentation about why I wanted to go into insurance and then an elevator pitch. I used the Be Wiser motto and applied them to myself. I was nervous but it was fun in the end,” said Jessica.
19 year old Neil Macdonald from Salisbury has also been accepted on the degree course. Neil, who studied Business Studies, Government and Politics and Religious Studies A levels at Peter Symonds College, believes the degree will provide him with a fantastic platform to begin his development within the insurance industry.
“The degree is important in that it will give me a great insight into the world of insurance, this will consequently help to develop my skills and knowledge in order to progress in my career. The degree combined with the work experience with Be Wiser is a unique opportunity to gain a university degree and a career in insurance while earning at the same time – this opportunity in insurance is the first ever in the industry and a chance I feel privileged to have,” said Neil.
The degree course will mean Jessica and Neil will earn as they learn with a starting salary of £18,000. They will work at Be Wiser Insurance for 32 hours a week, gaining experience in a range of different roles and departments. One day a week will be spent at Peter Symonds College in Winchester where they will study towards the innovating and bespoke BA Hons in Insurance degree. “For every student who has been accepted on our degree course their career starts now,” said Crescens George, Director of Learning and Development at Be Wiser. “What we are offering young people is the opportunity to start their working life without the ties and worry of a substantial debt.”