Subject

Level 3 Diploma in Financial Studies (DipFS)

Entry Requirements

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

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.