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Financial Studies

Entry Requirements

A minimum grade 5 in both GCSE English and Mathematics is required. Students that have studied relevant subjects such as Business Studies, Enterprise or Economics etc. at GCSE or BTEC should have shown an aptitude for these subjects by achieving at least a grade 5 (GCSE) or a Merit (BTEC).

 

About This Course

The Diploma in Financial Studies is an A Level equivalent qualification and is graded in exactly the same way (being worth the same UCAS points for University entry). It helps students develop practical life skills to be able to make sound financial decisions as they enter adulthood.  Finance is not maths and this subject is useful wherever your destination takes you after school. The course specification requires students to develop their ability by acquiring a range of core skills of independent thinking, critical analysis and evaluation, verbal communication (through classroom discussion) and written communication.  This course is modular and is assessed in two parts at the end of each unit (January and May). You will be studying with LIBF as the awarding body and will become a student member of  The London Institute of Banking and Finance.

 

Course Content & Assessment

In year 12 you will complete the Certificate in Financial Studies which develops the knowledge and skills required for young people to make informed financial decisions by introducing them to the risks and challenges involved in personal finance and the tools for effective planning. Within this, it provides a solid basis for creating financial inclusion, by exploring social-economic trends and their relationship with an individual’s circumstances and attitudes. 

Unit 1: Financial Capability for the immediate and short-term

Unit 2: Financial Capability for the medium and long-term

In year 13 you will complete the Diploma in Financial Studies which builds on the skills and knowledge acquired through the Certificate in Financial Studies and includes areas such as financial sustainability within the wider financial services system, and the long-term impact of debt.  In year two the student explores the political, economic, social, technological, ethical and legal impacts of personal finance in the short, medium and longer terms. Through this, a greater understanding of the impact that global events can have upon consumers and the wider financial services industry is developed. Students will study:

Unit Three: Sustainability of an individual’s finances

Unit Four: Sustainability of the Financial Services System

 

What could this course lead to?

The financially related content of this qualification serves as an excellent grounding for degree pathways in accounting, business, finance and banking. Financial capability underpins clear decisions about progression options, including life as an undergraduate, and the Diploma in Financial Studies provides an excellent platform for progression through further or higher education. For students who choose to move straight into employment, the Diploma in Financial Studies could lead to careers in areas such as in insurance, finance, banking, marketing and office administration.

In addition the core skills of critical analysis and evaluation,  synthesis and written communication, and independent learning are transferable and provide a strong grounding for further study in other fields; typical examples include engineering and technology.

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