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Financial Studies

Subject

Level 3 Diploma in Financial Studies (DipFS)

Entry Requirements

5 GCSE’s  at 9 –4 grade including  English at grade 4 and Mathematics at grade 5 minimum

Exam Board

The London Institute of Banking & Finance (LIBF)

Content relating to the subject qualification

The DipFS builds on the skills and knowledge acquired through successful completion of the Certificate in Financial Studies and extends this to include areas such as financial sustainability within the wider financial services system, and the long-term impact of debt. Within DipFS 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.  DipFS therefore enhances the ability to make informed financial decisions through effective planning to manage the risks and challenges involved in personal finance.

Assessment of the qualification

For this qualification, learners must complete the four mandatory units.  Each unit is assessed through a combination of online Multiple Choice Questions (Part A) and a written paper (Part B).  To pass a unit, the student must achieve the minimum pass mark for both part A and part B.

 

Externally assessed mandatory unit examinations

Unit 1 – Financial Capability for the Immediate and Short Term

 

Unit 2 – Financial Capability for the Medium and Long Term

 

Unit 3 – Sustainability of an individual’s Finances

 

Unit 4 – Sustainability of the Financial Services Industry

 

All units carry a 25% weighting of the overall grade.

 

The overall qualification will be graded A* – E.

 

Career Pathways

The financially-related content of DipFS serves as a strong grounding for undergraduate study within finance and business-related disciplines, with many students going on to study accounting, business, finance and banking.

 

The skills developed and enhanced during the course provide valuable study skills appropriate for these disciplines and others, and students have pursued a wide range of other undergraduate courses following this qualification.

 

Financial capability is also supportive of the personal and financial skills that underpin clear decisions about progression options and life as an undergraduate. The qualification carries the maximum UCAS points available which can be counted towards university applications.

 

Extra-Curricular

Trips, guest speakers/ lectures that come up during the period of study. These vary from year-to-year, however a trip to the London Institute of Banking and Finance and their university is a key highlight.