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Financial Studies IFS Diploma (DipFS) at Sacred Heart of Mary Girls' School

Course description

The Diploma in Financial Studies (DipFS) is designed to help individuals understand finances and the influence that they have on everyday life. Essential topics such as debt, loans, budgeting, pensions, mortgages and stock market investments are covered.

This qualification is not an A Level course but an industry produced qualification which is equivalent to A Levels in terms of UCAS points.

Course content

Year 12: Certificate in Financial Services:

The Certificate in Financial Services (CeFS) has been designed to provide students with a challenging qualification covering the core disciplines of financial capability and the ability to apply specialised, current knowledge of financial choices and issues. This will be achieved by students learning to evaluate and apply the appropriate solution(s) from the wide range available within the evolving financial services marketplace.

Unit 1 Financial Capability for the Immediate and Short Term (FCIS)

The unit introduces students to the financial services industry by focusing on the interaction between money, personal finance and the financial services market place. They will gain an appreciation of the differentiation of financial products for savings and the key features of interest and charges on borrowing.
Unit 2 Financial Capability for the Medium and Long Term (FCML)
Learners will consider the changing priorities attached to needs, wants and aspirations as individuals progress through the personal life cycle and the role of financial services in assisting lifelong financial planning. Students will gain an understanding of the personal approaches that individuals take towards risk and rewards and the impact of foreseen and unforeseen influences on financial budgeting.
Year 13: Diploma in Financial Studies:
The Diploma in Financial Studies (DipFS) has been designed to provide students with a challenging qualification covering the core disciplines of financial capability and financial sustainability as they impact on the individual, financial services sector and the government.
Unit 3: Sustainability of an Individual’s Finances (SIF)
Learners will gain an understanding of the impact of global events, developments and ethical considerations that impact on the financial services industry and the consumer.
Unit 4: Sustainability of the Financial Services System (SFS)
Learners will gain an understanding of how financial services providers use marketing methods and segmentation, and approaches to attract, retain and satisfy their customers.

Entry requirements

Applicants to the Sixth Form need to have achieved a minimum of five FULL GCSEs at grade C or above as well as the entry requirements for the individual course:

It is not necessary to have studied any prior business or financial services course at GCSE. Students must also have a C grade in GCSE Mathematics and English.


Each unit is assessed by an examination.

Further information

Career Ready UK is an initiative aimed at those students who are interested in pursuing a career in business. It represents the formation of a business school within the sixth form, and offers a framework for students to develop their business skills. To be part of this scheme, students must opt to take two business-related qualifications including: BTEC Business or BTEC IT; or A Levels in Business, ICT, Economics or IFS (The Double Business option can only be counted as one business subject). The Career Ready programme is particularly designed to motivate young people who have not yet realised their potential. Students are invited to apply in writing and if short listed, an interview will take place to ensure the best candidates are chosen for this programme.
Career Ready students will receive a programme of enrichment activities aimed at developing employability skills, business knowledge and self-esteem. Key to the Career Ready experience is the paid student internship: an industry placement for up to 6 weeks, earned through an interview. In addition there is the opportunity for every student to be mentored by someone from business, allowing them to reflect their learning to an adult other than a teacher. The programme will also involve various trips to business institutions and access to successful business role models. Students will be invited to a launch evening from which a formal selection process will take place. If students are successful they will be invited onto this prestigious programme. Over the past 10 years 98 students have benefited from this programme many going onto University to study business related subjects or entering the world of work after their A Level studies.

How to apply

If you want to apply for this course, you will need to contact Sacred Heart of Mary Girls' School directly.

Last updated date: 22 December 2016
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