Diploma in Financial Studies (DipFS) at Skinners Kent Academy
The DipFS, a Level 3 course, 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, technological, 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.
Key content areas include:
- Sustainability of an Individual's Finances
- Sustainability of the Financial Services System
At Skinners' Kent Academy the DipFS is studied within the framework of the International Baccaulearate careers-related Programme.
Following on from the two units (Financial Capability for the Immediate and Short Term & Financial Capability for the Medium to Long Term) studied in the Certificate in Financial Studies in Year 12 students study two further units to obtain the Diploma.
Unit 3 Sustainability of an Individaull's Finances (SIF)
SIF highlights the importance of financial sustainability for the individual; to enable the development of skills to make sure an individual's financial capability is sustained over a period of time, taking into consideration the personal and external factors that lead to change.
When studying SIF students will explore how external factors affect the financial services industry's products and services and how these factors impact upon consumer choice. Learners will gain an understanding of the impact of global events, developments and ethical considerations on the financial services industry and the consumer.
Unit 4 - Sustainability of the Financial Services System (SFS)
SFS explores the financial services system and looks at how financial service providers work and compete with one another; and the role their priorities, and responses to external influences, play in maintaining financial sustainablitity.
By studying SFS students will analsye the impact of marketing techniques employed by financial service providers, the influence of changes in the financial services market and the effect this has on consumers. Learners will gain an understanding of how financial service providers use marketing methods, segmentation, and other approaches to attract, retain and satisfy their customers.
General Entry Requirement for The Skinners’ Kent Academy Sixth Form
Minimum of GCSE grade 5 (G5) in English and Mathematics plus 3 other GCSEs at grades 9-4 (A*-C)
Two external examinations and two e-tests.
The financially-related content of this qualification provides a foundation for continued study within finance and business related disciplines, with many students going on to study subjects such as accounting, business, finance and banking at higher education institutions or through vocational training.The transfereable skills developed are also valuable for further study in unrelated disciplines and the financial capability content and skills support students in making informed decisions about the value of personal, employment and study options and budgeting whilst studying.
This qualification develops knowledge and understanding of the financial services sector and enhances skills that are valued within that sector and others, but does not qualify students for direct entry to a particular occupational role. Students will be in a position to make informed choices related to pursuing one of the many roles available within the sector, either immediately or through further study.
For more information go to:
Contact Skinners’ Kent Academy 01892 534377
How to apply
You can apply for this course through UCAS Progress. Add this course to your favourites so you can start making an application.