The Diploma in Financial Studies (DipFS) will enable you to develop and further the knowledge and skills gained by achieving the Certificate in Financial Studies (CeFS) to the wider financial environment. It will also enhance your financial capability by helping you understand issues from perspectives beyond your own; including that of the providers of financial services, and to appreciate the consequences of decisions and their impact upon personal financial footprints.
The Diploma in Financial Studies (Dip FS) follows on from the IFS level 3 Certificate in Financial Studies (CeFS) and applies what you have learnt to the broader financial environment. The financial planning element, introduced in CeFS, is explored further as you become more aware of the (financial) environment within which you live.
You must successfully complete the Certificate in Financial Studies before you begin the Diploma in Financial Studies.
This qualification can provide a route to Higher Education and to a career in financial services. Together the Certificate in Financial Studies (CeFS) and Diploma in Financial Studies (DipFS) can provide up to 120 UCAS points.
The Diploma in Financial Studies (DipFS) consists of three Units:
Unit 1: Financing the Future (FTF)
Unit 2: Financial Services from the Providers' Perspective (TPP)
Unit 3: Enhancing Financial Capability (EFC)
A Pass must be achieved in all three Units to gain the qualification. You will receive two registrations for each Unit to allow you to potentially improve your grade.
On completion of this qualification you will be able to:
• understand the need for personal budgeting and be able to create and monitor an appropriate personal finance plan
• understand the financial product types and mixes available to the individual and assess their suitability and affordability to support a personal financial plan and changing personal circumstances
• understand the wider financial environment , its key impacting factors and its application to a variety of different groups of people from a range of cultures, different socio-economic groupings and at different stages in their lifecycle
• appreciate a financial provider's prospective and their aims and objectives
• understand how providers develop products to suit different customers and be able to analyse this
• develop an understanding of promotional products, including the more complex products such as pensions and investments, how they will suit different individual needs, wants and aspirations and how providers retain and attract customers
• appreciate the factors that will influence and change the financial marketplace such as ethical considerations
• explain the benefits of an efficient and effective financial services industry .
For entry onto the Diploma in Financial Studies (DipFS), you must have studied and achieved a Pass in the Certificate in Financial Studies (CeFS).
You should be aware that the level of achievement required to obtain the Diploma in Financial Studies (DipFS) is equivalent to that of GCE level/A2 Level qualifications. You need to be satisfied of your ability to study, in English, at this level.
Students will be provided with numerous support material including:
• Specialist Business/Finance qualified teaching staff
• Online access to learning materials, my ifslearning and ifs Knowledgebank (virtual library)
• Online activities to help consolidate their learning
• Unit syllabuses
• Worksheets for each Unit
• Revision guide
• Specimen papers
• Feedback on objective tests.
The qualification will enable you to make informed and confident decisions regarding your finances. It will help you to become a responsible borrower, a sensible saver and have an appreciation of the need for financial planning throughout your life.
This course is particularly useful if you are interested in working in the financial services industry. However, it is also of benefit if you want to go to university or just want to take control of your own financial situation. The qualification is equivalent to an A2 Level and, as such, attracts the same UCAS points.
This qualification can provide a route to higher education and to a career in financial services. Together the Certificate in Financial Studies (CeFS) and the Diploma in Financial Studies (DipFS) can provide up to 120 UCAS points.
You should also expect to use:
• Business books to help you with your studies
• Computers in classes and to produce your assignments
• The internet to obtain information for your course
• Reference books in the library to research material for your course
• Word-processing and spreadsheets.
Awarding Body: IFS
Level: Level 3
Duration: One year full-time
General Enquiries: 01274 433333
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