Level 3 Diploma in Financial Studies

Head of Department

Kathy Prebble

Examining body

LIBF

Overview of the course

DipFS builds on the skills and knowledge acquired through successful completion of the first year of the Certificate in Financial Studies and extends this to include areas such as financial sustainability within the wider financial services system, and the long-term impact of debt. Within DipFS the student explores the political, economic, social, technological, ethical and legal impacts of personal finance in the short, medium and longer terms. Through this, a greater understanding of the impact that global events can have upon consumers and the wider financial services industry is developed. DipFS therefore enhances the ability to make informed financial decisions through effective planning to manage the risks and challenges involved in personal finance.


What Will You Study:

DipFS consists of four mandatory units:

Unit 1 – Financial Capability for the Immediate and Short Term

Unit 2 – Financial Capability for the Medium and Long Term

Unit 3 – Sustainability of an Individual's Finances

Unit 4 – Sustainability of the Financial Services System

 

Assessment:

All units will be assessed by paper-based examination or by ifs e-test™ electronic testing system. They will be made up of the following components:

Unit 1 and Unit 2

•          Part A: 35 multiple choice questions in a 45-minute examination (total marks: 35 / 100)

•          Part B: pre-release case study requiring essay responses to 5 questions in a 105-minute examination (total marks: 60 / 100)

•          Part B will also assess spelling, punctuation and grammar (SPAG) through the essay responses (total mark 5 / 100)

Unit 3 and Unit 4

•          Part A: 35 multiple choice questions in a 1-hour examination (total marks: 35 / 100)

•          Part B: pre-release case study requiring essay responses to 5 questions in a 2-hour examination  (total marks: 60 / 100)

•          Part B will also assess spelling, punctuation and grammar (SPAG) through the essay responses (total mark 5 / 100)

 

Possible Career Paths:  

Finance allows students to gain valuable skills including group work, independent working, writing to persuade, and debating. Finance is a good subject for students who are interested in careers in the banking sector or as a tax advisor, financial advisor, investment banker, teacher, or perhaps for anyone looking to become self-employed. It gives a great overview for personal finance as well, where students will become more self-sufficient and independent.