Summary of skills students gain by studying this subject
Students who study finance will look at the immediate, short term and long term elements of the financial world. Students will first understand key criteria such as saving, borrowing, budgeting and financial providers such as banks and building societies before they critically analyse and evaluate how as a society, we can become more sustainable and secure with our money. Students should leave at the end of Year 13 with a well-rounded knowledge of how to manage their own money and how to choose an appropriate financial product to meet their needs. Past students have commented on how they were in a much better position to look after themselves financially, whether budgeting whilst at University, saving up to move out of home, or just knowing how best to save money, due to what they had learnt on this course.
Potential Topics that will be studied
The purpose of money, budgeting, saving, borrowing, sustainability, ethics and globalisation are some of the key topics included in the subject. Short term and long term financial sustainability for individuals and businesses are the key units included. During the course, students visit the LIBF University in London and The Bank of England. Where pupils are interested in finding out more about working in retail banking, work experience placements are set up in conjunction with Barclays Bank.
The course is 100% examination based. All units have a multiple-choice test, worth 35%, and a case study written examination, worth 65%. Within the written examination, marks are also awarded for spelling and grammar which ensures students’ literacy levels are improved upon. There are 4 exam periods during each year of the course (this includes resits). Students are supplied with examination dates at the start of the course.
Additional Course Entry Requirements
In addition to the general requirements for entry onto the course, students will require a grade 4 in English
Progression and career opportunities
Finance opens up an exciting world of opportunities for students. Students can go on to study accounting and finance at University or seek an opportunity with a financial company through an apprenticeship scheme. The LIBF University offer scholarships to students who have excelled on the Finance course. Fields of employment include accountancy, financial/mortgage advisors, and estate agency amongst many other areas.