A master craftsman was entitled to employ young people as an inexpensive form of labour in exchange for providing food, lodging and formal training in the craft.Most apprentices were males, but female apprentices were found in crafts such as seamstress, Apprentices usually began at ten to fifteen years of age, and would live in the master craftsman's household.
The list was compiled by counting up the number of former students from each university who are believed to be worth at least £20million, taking into account their earnings, properties and other assets While London Business School may be best-known for its successful business leaders such as Cyrus Mistry, chairman of Indian conglomerate Tata Teas, it also boasts political graduates such as minister and Tory MP for Putney Justine Greening.
Oxford: Wealthy alumni of the university include financier Nat Rothschild, who is worth £700million, and entrepreneur Martha Lane Fox, believed to have a £300million fortune; both of them studied history Previous research has suggested that the most lucrative subjects to study are medicine, law and engineering, which all give their students a significant earnings boost over the course of their careers.
Most of their training is done while working for an employer who helps the apprentices learn their trade or profession, in exchange for their continued labor for an agreed period after they have achieved measurable competencies. People who successfully complete an apprenticeship reach the "journeyman" or professional certification level of competence.
Although the formal boundaries and terminology of the apprentice/journeyman/master system often do not extend outside of guilds and trade unions, the concept of on-the-job training leading to competence over a period of years is found in any field of skilled labor.
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