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Certificate / Diploma in Financial Studies

 

Level ‚Äč                  3

Qualification      London Institute of Banking

Duration             1 - 2 years

 

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What will I study?

 

The Certificate in Financial Studies has been designed to encourage students to become responsible borrowers, sensible savers, and to appreciate the need for financial planning throughout their life.

This course attracts UCAS points.

 

Unit 1: Financial Capability for Immediate and Short Term

Students will gain an appreciation for what money actually is, where it comes from, attitudes held towards it and how it can impact life choices.   They will also be introduced to the interaction between money, personal finance and the financial services industry, gaining an appreciation for the different financial service products on offer with a key focus on interest charged on borrowing.

 

Unit 2: Financial Capability for the Medium and Long Term

Students will learn how to budget and manage their finances in the medium to long term in order to satisfy future aspirations and life events.  They will learn about the changing financial priorities and needs, wants and aspirations they will encounter.  They will also look at the personal relationship people have with risk and reward, as well as the need for preparing for seen and unforeseen circumstances.

 

The Diploma in Financial Studies has been designed to encourage students to become responsible borrowers, sensible savers, and to appreciate the need for financial planning throughout their life.

This course attracts UCAS points.

The Diploma comprises of two Units.

 

Unit 3 - Sustainability of an Individual's Finances (SIF)

SIF highlights the importance of financial sustainability for the individual; to enable the development of skills to make sure that an individual's financial capability is sustained over a period of time

 

Unit 4 - Sustainability of the Financial Services System (SFS)

 

SFS explores the financial services system and looks at how financial services providers work and compete with one another.

 

Assessment

Units 1 and 2 are assessed in the following way:

45 minute exam compromising of 35 multiple-choice questions (35 marks).

105 minute exam requiring essay responses to 5 questions relating to a pre-released case study (60 marks plus 5 marks assessing spelling, punctuation and grammar.

 

Units 3 and 4 are assessed in the following way:

Part A: A 1 hour examination comprising of 35 multiple-choice questions.

 

Part B: A 2 hour examination requiring essay responses to 5 questions relating to a pre-released case study also assessing spelling, punctuation and grammar.

 

Entry Criteria

Normal Level 3 entry requirements or C grade in Certificate of Personal Finance.

 

Useful Supporting Courses

Compliments all other programmes of study.