Financial Studies - LIBF Diploma
What does this programme have to offer?
Ifs has been designed for students who are, or will shortly be, starting on a period of life when they can no longer depend on others for their financial provision. Therefore this essential course will teach students:
- To make informed and confident decisions regarding your finances.
- To explore recent developments in financial services products; help to become responsible borrowers & sensible savers. To have an appreciation of the need for financial planning throughout your life.
Financial studies content and exam structure
The Diploma in Personal Finance consists of four units. Units 1& 2 are studied in year 1 and units 3 & 4 are studied in year 2. Below is a more detailed breakdown:
Unit 1
Topic – Financial Capability for the Immediate and Short Term
Paper 1 involves a multiple choice paper and a pre-release paper
25% of the total grade
Exams will be taken upon completion of the unit in January
Unit 2
Topic – Financial Capability for the Medium and Long Term
Paper 2 involves a multiple choice paper and a pre-release paper
25% of the total grade
Exams will be taken upon completion of the unit for the summer exams
Unit 3
Topic – Sustainability of an Individual’s Finances
Paper 2 involves a multiple choice paper and a pre-release paper
25% of the total grade
Exams will be taken upon completion of the unit in January
Unit 4
Topic – Sustainability of the Financial Services System
Paper 2 involves a multiple choice paper and a pre-release paper
25% of the total grade
Exams will be taken upon completion of the unit for the summer exams
Assessment
The 4 units are exam based via a multiple choice exam and a further exam based on a pre-release case study. In Yr1 & Yr2 exams will be taken in January and in May. You can achieve grades A* - E and receive full UCAS points for university.
Student study materials
There are a number of good revision websites that are available such as:
www.bankofengland.co.uk/about/index.htm
Learning Strategies
Group work
Use of IT
Independent learning
Quizzes
Working with case study material
Research skills
Role play
Exam skills
Guest speakers
Career pathways
Jobs in personal finance include, Banking, Investments, Financial advisory, Stock broking, Insurance, Human Resources, Business related jobs and much more.