Financial Studies, Diploma, Level 3
Business, Administration and Law
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. Its purpose is to prepare students for further study through the development of the core skills of independent thinking, critical analysis and evaluation, synthesis, verbal communication (through classroom discussion) and written communication.
Over the course of study, study will range in 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.
Each unit is assessed through a combination of multiple choice questions (Part A) and a written paper. To pass a unit, the student must achieve the minimum pass mark for both Part A and Part B. The structure of the assessment ensures that all aspects of the course content are subject to external examination. No teacher-set or teacher-marked tasks or assignments will contribute to students' marks and all assessment will be under strict examination conditions.
A minimum of a grade 5 Mathematics GCSE
The financially related content of this qualification serves as an excellent grounding for undergraduate study within finance and business-related disciplines, with many students going on to study accounting, business, finance and banking. The skills developed and enhanced during the course provide valuable study skills appropriate for these disciplines and others, and students have pursued a wide range of other undergraduate courses following this qualification.