Financial Studies Level 3 Diploma

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Do you want to be a millionaire? Well we can’t guarantee that but we can help you become financially savvy. Ever wondered why you have run out of money? We can help you to budget and create financial plans for all your life events. We will help you pick up hints and tips on how to be financially sustainable? We will look at different areas of the financial industry and give you a broad understanding of how to manage your money and avoid debt.

What will I study in Financial Studies Level 3 Diploma?

Unit 1: Financial Capability for the Immediate and Short term

Purpose of money
The personal life cycle
Payment methods
Everyday banking
Savings products
Borrowing products
Providers
Consumer protection
Budgets and forecasts
Dealing with unexpected events
Dealing with debt
Earnings

Unit 2: Financial Capability for the Medium and Long Term

Needs, wants and aspirations
Savings and investment products
Borrowing products
Dealing with long-term risks
Financial planning
Financial planning and informed choices
Dealing with unforeseen events
Ethics and sustainability
Sources of information and advice
Making and informed choice

For further information please click here

Entry Requirements

Learners must have the Financial Studies Certificate to take this qualification.

How will I learn?

LIBF supply a course book which is essential to your learning. You will participate in group activities and presentations. You will be required to do pre-lesson reading on a regualr basis

How will I be assessed?

Each unit has two exams one being 35 marks online multiple choice and the second is 65 marks based on pre-released case study

The exams take place in January with the opportunity to re-sit in March and May with the opportunity to re-sit in June

Any trips?

We offer the opportunity to go to London and see the financial district and visit the Bank of England museum.

We have also visited the Royal Mint so see how money is produced

Are there any costs involved?

FAQs

What types of careers to student go in to?

Many are interested in working in the finance industry, however this course relates to personal finance.

How will this course help me in the future?

I passionately believe that everyone should study personal finance as it covers so many useful topics that will help you be financially sustainable in the future.

Do I need to be good at mathematics?

No: there is very little maths in the course it is more about making the right choice