Finance LIBF Diploma

Business, Administration and Law

Business, Administration and Law
Business, Administration and Law
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What will you be working towards?

Qualification Type Other Regulated/Accredited Qualification
Qualification Level Level 3
Course type Full Time


A qualification in the Financial Studies sector will give students a real insight into how Finance will impact them throughout their own life. It will also help them with their own career / university aspirations. The course will encourage students to become responsible borrowers, sensible savers and to appreciate the need for Financial Planning throughout their life. The qualification, run via the London Institute of Banking and Finance (LIBF) carries a UCAS tariff for those looking to enter University.


Within the Certificate (split into 2 units), students look at what money is and how it can affect life choices. Topics with the first unit look at Financial capability for the Immediate and Short term before unit 2 looks at the Medium and longer term. Within Unit 1 topics include Purposes of Money, The personal life cycle, Budgeting, Borrowing, Savings, Debt, Earnings and Everyday banking. Unit 2 goes on to look at planning and managing Financial needs in the medium and long-term with particular reference to the importance of the need to budget for future aspirations and life events. It looks how these needs change as individuals progress through the personal life cycle.

Those taking the Diploma will take the knowledge they develop within the first two units. They will firstly look at ensuring an individual’s financial capability is sustainable when taking into account personal and external factors that can lead to change. The final unit explores how Financial service providers compete with each other, how they market their services to attract and retain customers.

The Certificate in Financial Studies qualification carries the equivalent number of UCAS points as an AS qualification would; similarly, the Diploma carries the same number of UCAS points as a full A level qualification.

How will it be delivered?

Unit 1: Financial Capability for the Immediate and Short Term
All units carry equal weighting with assessment taking place twice per year.
Each unit has: 1 hour 35-mark multiple choice exam (35%)
1 hour 45 minute written exam with essay responses relating to a pre-released case study (65%)

Unit 2: Financial Capability for the Medium and Long Term
(Additionally for those taking the Diploma)
Unit 3: Sustainability of an Individual’s Finances
Unit 4: Sustainability of the Financial Services System

1 resit is allowed for each unit with the best mark carried forward towards your final grading.

Entry requirements

5/above in GCSE Mathematics and English Language or Literature