academic excellence for business and the professions briefing for parents and partners peter smith...
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Academic excellence for business and the professionsAcademic excellence for business and the professions
Briefing for Parents and Partners
Peter Smith
Assistant Dean For Recruitment
Academic excellence for business and the professionsAcademic excellence for business and the professions
Overview• Aim: to help you support the
students in their decision-making process.
• We’d like to spend some time on:• Finance• IT job market
• Then, over to you…
Academic excellence for business and the professionsAcademic excellence for business and the professions
How Much Will HE Cost Me?• Tuition Fees
• Living Expenses
• £9,000 (2012/13)• Increases each year with inflation
• £800-£1,000 per month living in London
• £600-£700 per month outside London
Academic excellence for business and the professionsAcademic excellence for business and the professions
Student Loan for FeesAll Home/EU students can take out a Student Loan for Fees
charged by the University
• Paid to the University
• Not means-tested
• Loans are repayable once students have left their course
and are earning over the threshold: £21,000 p.a.
• 9% of Gross above threshold of £21KAnnual salary after graduating
Repayment (per month)
£20,000 £0
£22,000 £7.50
£25,000 £30
£28,000 £52.50
• Interest rate currently 3.0%+ RPI (after graduation, interest rate depends on income).
• Variable, set each September
Academic excellence for business and the professionsAcademic excellence for business and the professions
Student Loans for Maintenance• For living and study costs such as rent, food & books
• Repayable after graduation
• Paid in three instalments, direct to bank account
Living circumstances Maximum loan
Away from home, study in London £7,675
Away from home, study outside London £5,550
Living at parent’s home £4,375
direct.gov.uk/studentfinance
Academic excellence for business and the professionsAcademic excellence for business and the professions
Maintenance Grant
• Worth up to £3,250 per year, depending on household income
• Household income < £25,000 = full grant
• Independent status, household income = £0, full grant
• Household income between £25,000 - £42,600 = partial grant
• Paid in 3 instalments, directly into students’ bank accounts
• Doesn’t have to be paid back
Academic excellence for business and the professionsAcademic excellence for business and the professions
How To Apply• Visit direct.gov.uk/studentfinance
• Apply from Autumn for the following academic
year
• National Insurance Number (NINO)
• No NIN, no student loan
• Job Centre Plus - www.jobcentreplus.gov.uk
• Apply each year of your course
Academic excellence for business and the professionsAcademic excellence for business and the professions
University Bursaries and Scholarships• Lord Mayor’s Scholarships
• Based on Academic Excellence
• National Scholarship Programme• Half Government Funded, Half University
Funded• Eligibility Based on Household Income
Academic excellence for business and the professionsAcademic excellence for business and the professions
The Lord Mayor’s Scholarships• Awarded For Exceptional Academic Performance.
• The award extends over three or four years and is available to anyone who meets the grade criteria.
• The Scholarship is a cash-back award.
• The award for Computing courses is as follows:• A*AA - £3000 per annum• AAA (or BTEC DDD) - £2000 per annum• AAB - £1000 per annum
Academic excellence for business and the professionsAcademic excellence for business and the professions
National Scholarship Scheme
• Half government funded, half university funded
• Home and EU students can be considered
• Eligibility to be based on household income as assessed
by SFE
• 150 scholarships on offer
• Awards of £3,000 each for first year
• £1,000 of which can be paid to the student
• Priority groups will also be a factorFull list on www.city.ac.uk/2012funding
Academic excellence for business and the professionsAcademic excellence for business and the professions
Access to Learning Fund• Government fund, administered by
universities.
• ‘Hardship fund’ for Home UK students
• Additional consideration given to:
• Students with children
• Students previously in care/homeless
• Undergraduate final year students
• Students with disabilities
• Can apply each year between September
and July.
Academic excellence for business and the professionsAcademic excellence for business and the professions
Other Funding
• City University London Hardship Fund• Replaces Access to Learning Fund when funds
run out.
• Richard Reeves Foundation• Block grant given to City University London• Must have lived, worked or studied in Islington
or Camden• Must apply for all eligible funding first• Individual grants following application and
interview
• Other Charities and Trusts:• Funderfinder.co.uk
Academic excellence for business and the professionsAcademic excellence for business and the professions
Extra Allowances• Dependents allowances
• Parents Learning Allowance
• Child Care Grant
• Disabled students allowances (DSA)• Needs-tested, not means-tested• Non-medical helpers• Specialist Equipment• Other expenses• Learning Success – 0207 040 0246
Academic excellence for business and the professionsAcademic excellence for business and the professions
Survival tips at University• Check you are aware of all help available – From
the University, SLC, DWP and Local Housing
Authority
• Shop around for a student bank account
• Keep a spending diary and make a budget
• Attend money management workshops
• Check out the Careers Service for part-time work
advice if your course permits
Academic excellence for business and the professionsAcademic excellence for business and the professions
More Information
• Directgov:
direct.gov.uk/studentfinance
• Online Student Calculator:
www.studentcalculator.org.uk/
• Student Centre, City University:
www.city.ac.uk/studentcentre
• Additional Questions:
Academic excellence for business and the professionsAcademic excellence for business and the professions
Current IT Job Market• Over 1m IT workers in the UK
• half in the IT industry, half embedded in other industries.
• Inter-quartile range of advertised IT salaries is £33-61K per year, median is £43K (jobstats.co.uk, 29/3/10).• Employers place emphasis on “soft” skills such as
business awareness as much as technical skills.• IT Professionals are “professional problem-
solvers”• Growth in demand for higher-level skills, decline
in the lower-skilled sectors of the IT market.• Off-shoring is a factor, but not a threat.
• Some IT job losses, but secondary effect of recession.• Finance, retail and manufacturing worst hit.
Academic excellence for business and the professionsAcademic excellence for business and the professions
www.jobstats.co.uk• Charts advertised IT
job vacancies.
• However – this denotes a recruitment downturn, NOT job losses
• Employees are staying in their jobs , hoping to ride out the recession
• Companies are hiring cautiously for the same reason.
Academic excellence for business and the professionsAcademic excellence for business and the professions
Consider the Fundamentals…
• Digital Economy comprises ~8% of GDP• Larger than agriculture and transport combined• It is where growth is expected, and makes other
industries effective.
• Over 50% of UK GVA in in IT-intensive industries• E.g. finance, creative industries, high-value
manufacturing…
• Effective IT key to UK competitiveness
• Government Commitment To IT – New School Initiative
Academic excellence for business and the professions
Return on Investment?
• IT has the highest employment of any STEM subject after 6 months.
• Over the coming years 141,000 new IT professionals are needed per year.
• But they must be of suitable quality.
Academic excellence for business and the professionsAcademic excellence for business and the professions
Some Advice…• Universities have changed
dramatically• Much of your experience may not be valid!• No degree is a “meal ticket” - competitive job
market• Employers look for more than paper qualifications
• The applicant has to take the course….• Motivation/interest is everything! HE not for all…• Any other reason is inviting drop-out…
• We can only deal with applicants themselves• There are data protection issues• It’s the applicant who needs to convince us!• This counts double in clearing/confirmation