As an applied general qualification, the Diploma in Financial Studies (DipFS) is primarily designed for students aged 16 - 19 and provides an in-depth exploration of the key concepts of financial capability and how they are applied to achieve longer-term financial sustainability. It's purpose is to prepare students for further study through the developments of the core skills of indepdendent thinking, critical analysis and evaluation, syntheseis, verbal communication (through classroom discussion and written communication.
DipFS builds on the skills and knowledge acquired through successful completion 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, technnological, 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.
You will study the following topics:
- Importance of financial capability in the immediate, short, medium and long term.
- The impact of external influences at different stages in the personal life cycle.
- Risk and reward in managing personal finance.
- Personal and external factors that lead to change.
- Maintaining financial sustainability and avoiding long-term debt.
- The financial services system and financial sustainability (individual and general)
- Marketing techniques.
To be accepted on to this course, a student should have at least 5 GCSE's at grade 4 or above including English and Maths.
The course can lead to university, an apprenticeship or into employment.
For those who choose to move straight into employment, DipFS may support access to employment in areas such as in insurance, banking and office administration, or in the voluntary sector such as with Citzens Advice.