Financial Studies – Level 3 Certificate

If learning what a mortgage is or how a credit card works is of interest, or if students are considering a career in Banking or the financial services industry then this is the course for you! You will adopt the role of financial advisor, analysing a person’s situation and suggesting financial products to suit their circumstances. This course will help you understand finances and the influences that they have on everyday life.

This is a modern subject using up to the minute news and economic developments that have an ever increasing role within the jobs market and the economy. Financial Studies students are expected to be aware of the news and developments within financial services markets.

The course is accredited by the London Institute of Banking and Finance (LIBF).

  • Course Outline
    • Four units, two in year 1 and two in year 2

      Year 1 Units: Certificate in Financial Studies

      Unit 1: Financial capability for the immediate and short term (FCIS)

      By studying FCIS you will gain an appreciation of why money is important through focusing on what money is, attitudes to it, and how it can affect life choices. The unit introduces you to the financial services industry by focusing on the interaction between money, personal finance and the financial services market place. You will gain an appreciation of the differentiation of financial products for savings and the key features and charges on borrowing.

      Unit 2: Financial Capability for the Medium and Long Term (FCML)

      By studying FCML you will gain the ability to plan and manage your financial needs in the medium and long term, with particular reference to the importance of the need to budget for future aspirations and life events. You will consider the changing priorities attached to needs, wants and aspirations as individuals progress through the personal life cycle and the role of financial services in assisting lifelong financial planning. You will gain an understanding of the personal approaches that individuals take towards risk and rewards and the impact of foreseen and unforeseen influences on financial budgeting.

      Units are assessed by both; a multiple choice examination via the ifs e-test™ electronic examination system and a written exam based on a pre-released case study. There is no coursework.

      Once the Certificate (first year of the course) is completed, students then progress onto the Year 2 course, which is the ifs Diploma in Financial Studies (DipFS);

      Year 2 Units: Diploma in Financial Studies

      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, taking into consideration the personal and external factors that lead to change.

      When studying SIF students will explore how external factors affect the financial services industry’s products and services and how these factors can impact upon consumer choice which will enable students to make informed financial judgements within given situations. Learners will gain an understanding of the impact of global events, developments and ethical considerations that impact on the financial services industry and the consumer.

      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, their priorities and responses to external influences in maintaining financial sustainability. By studying SFS students will analyse the impact of marketing techniques employed by financial services providers and the impact of changes in the financial services market and the effect this has on consumers. Learners will gain an understanding of how financial services providers use marketing methods and segmentation, and approaches to attract, retain and satisfy their customers.

  • Career Opportunities and Further Study
    • Students may decide to continue your studies at university, as the LIBF offers unique, specialist full-time degrees designed for students who already know they want a career in financial services. There is a wide range of careers within the financial services industry. This course would allow you progression into banking, insurance, mortgage consultancy, debt counselling, stock broking or as an independent financial advisor.

      The CeFS is equivalent to an AS level, graded A-E and is worth up to 20 UCAS points

      The DipFS is equivalent to an A level, graded A*-E and carries up to 56 UCAS points

      Completion of the CeFS course is a requirement of studying on the DipFS.

  • Trips and Events
    • In Financial Studies we encourage our students to explore the different career options available to them within the financial sector by organising guest speakers and visits, where possible to financial firms. This way students have the opportunity to find out about the many careers available within the industry as well as the many apprenticeships and graduate schemes that are on offer.

      This year we are also planning a trip to London to visit the Bank of England in the autumn term.

  • Useful Links

Entry Requirements 2021

You can download provisional entry requirements for courses that start in 2021 below. Please note that your enrolment on to a particular course must be approved by the Head of that department.

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