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Qualification details

IFS Level 3 Diploma in Financial Studies
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Qualification summary

The Diploma in Financial Studies has been designed to enable learners to develop the knowledge and skills gained from the Certificate in Financial Studies (Qual Refn 100/3360/9). Students will gain knowledge and understanding of the wider financial environment, will enhance their financial capability by understanding issues from perspectives beyond their own and understand the consequences and impact of financial decisions. The Diploma in Financial Studies provides students with the opportunity of developing and managing financial plans to reflect needs and aspirations whilst taking into account attitudes towards ethics, socio-cultural issues, risk and financial responsibility. Students will achieve this by:
-understanding the variety of product types and mixes available in the marketplace
-appreciating the need for a range of financial solutions to meet individual circumstances
-appreciating the drivers, influences and interdependencies that determine the provision of financial solutions
-understanding the complex interrelationships that impact upon personal financial situations

Qualification details

100/4535/1
IFS - IFS School of Finance
3
VRQ - Vocationally-Related Qualification
Accreditation start date:
01/10/2004
Operational start date in centres:
Accreditation end date:
31/12/2010
Certification end date:
31/12/2013
For information on the approval of qualifications for funding in England, Wales and Northern Ireland, see the links to DCSF, DIUS, DCELLS, DELNI and DENI below.

When undertaking a qualification that does not appear on the governments' lists as eligible for funding for specific age ranges, users must be aware of legal requirements. Not all qualifications are suitable for all age ranges.
For further information on 14-19 qualifications offered in England, please refer to the DCSF Section 96 website.

For further information on 19+ qualifications offered in England, please refer to the DIUS Section 97 website.
For further information on Wales, visit the DCELLS website.
For further information on Northern Ireland, visit the DELNI and DENI websites.
English
The aims and structure of the qualification have been designed and agreed by a number of stakeholders including financial services recruiters, industry trainers and educationalists in order to ensure that it is recognised as offering both a meaningful academic experience and also that it is viewed as valuable by employers. The content of the Diploma provides learners with underpinning knowledge that would enable them to function more effectively as new employees in the financial services sector. From the academic perspective, the Diploma is benchmarked at the standard of an A2 level award and will offer progression into higher education carrying a UCAS Tariff of 60 points. The diploma builds upon knowledge gained from the Certificate in Financial Studies (NQF refn 100/3360/9). On completion of the Diploma a learner will have the required knowledge to enable them to move on to professional industry focussed qualifiacations at the same level eg CeFA (100/3778/2) or CeMAP (100/3778/0) or onto higher level qualifications eg the Diploma in Financial Services Management which forms the first year of the BSc in Financial Services offered jointly by the ifs School of Finance and UMIST.

No specific job occupation
  • 15 Business, Administration and Law
    • 15.1  Accounting and Finance
150
150
A/B/C/D/E
Multiple Choice Examination
Written Examination
Assessments are set by the ifs Scghool of Finance and are marked objectively by the ifs in the case of units 1 and 2 of the Diploma and for unit 3, by ifs appointed examiners working to the marking scheme that has been established and agreed for the test.
View Performance Measures Here
Candidates must complete all units