Financial Studies

Subject Leader: Mr D Collins 

Subject Leader Email Address: darren.collins@swale.at

 

Do not save what is left after spending, but spend what is left after saving.

WARREN BUFFET

Subject overview

Did you know that 71% of young people worry about money? Being able to offer finance as a subject for students here at The Sittingbourne School goes a long way to hopefully addressing this matter.
By providing them with future financial capability guidance through our programmes, students gain help understanding the practicalities of managing money, both day-to-day and for the long term. This is what this set of finance courses provides. The help of the London Institute of Banking Finance enables our teachers to deliver finance subjects in the right context, and with the right tools and materials.
A course that not only instils the knowledge and confidence needed for our students to make informed financial decisions in the future, it is also a programme that potentially offers students the chance to be part of the next generation of finance and banking professionals.

Sixth Form Level 3 Certificate in Financial Education

This course encourages students to become responsible borrowers and sensible savers and to appreciate the need for financial planning throughout their life. It prepares them for further study by developing the core skills of critical analysis and evaluation, verbal communication (through classroom discussion), and written communication.

As well as allowing students to become far better equipped at managing their own finances, it is a course that potentially offers them the chance to aim for the following finance job roles:

Financial Planner
Financial Analyst
Investor Relations Associate
Budget Analyst
Actuary
Accountant
Credit Analyst
Attorney
Commercial Real Estate Agent
Business Teacher

The skills and knowledge developed in CeFS can be extended by taking two further units to form LIBF Level 3 Diploma in Financial Studies (DipFS), or by other options for Further or Higher Education study.
CeFS offers the maximum UCAS points which can contribute to your university entry.

The transferable 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.
 

Sixth Form - Level 3 Diploma in Financial Studies

As an Applied General qualification, the DipFS is mainly designed for students aged 16 - 19. It provides an in-depth exploration of the important concepts of financial capability and how to apply them to achieving longer-term financial stability.
The DipFS builds on the skills and knowledge students gained when completing the Certificate in Financial Studies (CeFS). It extends these to include areas such as sustainability in the wider financial services system, and the long-term effect of debt.
The DipFS prepares students for further study by developing their core skills of independent thinking, critical analysis and evaluation, verbal communication (through classroom discussion), and written communication. 

Why study this course?

The L3 Diploma in Finance Studies (DiFS) is what students studying the L3 in Certificate in Finance Studies (CeFS) progress onto during this 2 year programme. As a result they both share similar progression routes as outlined in the CeFS course outline. Nonetheless, it is important to note that the progression routes listed below are far more achievable and realistic as a result of progressing onto the DiFS course. This is due to the DiFS providing a greater understanding of the macro (external) economic environment and its impact upon finance.  Once again, here is an overview of the finance job roles that you could progress onto as a result of completing this full Level 3 programme.

Financial Planner
Financial Analyst
Investor Relations Associate
Budget Analyst
Actuary
Accountant
Credit Analyst
Attorney
Commercial Real Estate Agent
Business Teacher

What does this course lead on to?

The financially-related content of DipFS serves as a strong 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.
Financial capability is also supportive of the personal and financial skills that underpin clear decisions about progression options and life as an undergraduate. The qualification carries the maximum UCAS points available which can be counted towards university applications.

Sixth Form - Level 2 Award in Financial Education

AiFE develops knowledge and a valuable range of skills that provide a foundation for further study in business and finance-related disciplines, as well as a wide range of other fields (e.g. self-employed hairdressers, taxi drivers, garden landscapers). 

Why study this course?

This course is a general programme on personal finance. It will help all students studying in this area to gain a greater knowledge and understanding of how to manage personal finances. Doing well in this course will enable you to have a better understanding of the banking system and an insight into how you could manage your future finances.  

What does this course lead on to?

This course is included as part of the Level 2 package that you will be studying here in Sixth Form. You will study this Level 2 Finance qualification alongside your main programme of study, giving you an additional qualification, with strong transferable skills for your future progression.