Financial Studies

Considering a career in Banking, Insurance and/or Financial Services? Need help managing your money and/or choosing Financial Products? Want to know how the UK financial system works? This course can help you decide if a job in insurance or banking, or as a financial advisor is for you. It is recognised by universities and worth the same number of UCAS points as standard A-levels. In addition, it may help you make better-informed choices about your own finances. If you want a career in Financial Services or just want to learn how to make confident decisions about your finances, then this is the course for you! This two-year course is tailored for students interested in entering ļ¬nancial services as a career.

Awarding Body

Available As

CertDip

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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.

How will I learn?

You will study a range of financial products that will assist in the short and medium term. You will look at how different life events will impact on your finances and the best way to plan for them. You investigate a range of saving and borrowing products that will help you in the future. We encourage guest speakers in from various financial sectors to help consolidate your learning. You are also provided with learner books produced by the London Institute of Banking and Finance which will help you successfully pass your exams. You will look at case studies and research different products that to help support a sustainable financial future.

How will I be assessed?

  • Unit 1 exams are in January and Unit 2 are in April/May.
  • 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 questions relating to a pre-released case study and no-case study questions (60 marks plus 5 marks assessing spelling, punctuation and grammar.

     

Are there any trips on this course?

A visit to the Bank of England Museum in London.

A visit to the Royal Mint to see how coins are produced.

Visits to local financial providers

What enrichment activities are offered?

You are encouraged to get involved in the Student Investor Challenge run by the London Institute of Banking and Finance.

Talks are arranged by the Bank of England

Careers Information

FAQs

What other courses go well with this course?

Business, Accounting, Maths and Economics.

Who should consider this course?

All students studying the BTEC Business should enrol for this course. It is also valuable to anyone going to university or getting a job as it will help you budget your money. If you are interested in working in the finance sector but not keen on accounts this is an excellent alternative.