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Vocational

Financial Studies Diploma Level 3

Subject Area
Business & Professional Studies
Start Date
September 2022
Study Mode
Full-time
Duration
1 year
Level
Level 3

York College is delighted to announce that it has been selected to participate in the T Level Industry Placement Pilot (Capacity Delivery Fund). This course has been selected to take part in the pilot for this academic year allowing us to offer Industry Placements to any student enrolling onto this course.

The Work Placement Team will be in touch in due course with further details. In the meantime, you can access further work placement information by visiting our web page: Work Placements Advice.

If you have any questions you can contact the Work Placement Team on 01904 770830 or placements@yorkcollege.ac.uk.


As an Applied General qualification, the Diploma provides an in-depth exploration of the important concepts of financial education and how to apply them in achieving longer-term financial stability. It introduces you to the impact of finance on the economy and encourages you to consider how this can affect businesses and individuals. Through this it develops knowledge and a valuable range of applied and transferable skills. Included are areas such as sustainability in the wider financial services system and the long-term effect of debt.

The Diploma prepares you for further study by developing the core skills of independent thinking, critical analysis and evaluation, verbal communication (through classroom discussion) and written communication. It provides a foundation for further study in business and finance-related disciplines.

Entry requirements

4 or 5 GCSE subjects at grade 4 or above including English and/or Maths.

What will I study?

The Certificate

The units studied encourage you to become a responsible borrower and sensible saver and to appreciate the need for financial planning throughout your life.

Units include:

  • Unit 1 - Financial capability for the immediate and short term
  • Unit 2 - Financial capability for the medium and long term

Key content areas:

  • Importance of financial capability in the immediate, short, medium and long term
  • Financial services and products, including sources of help and advice
  • Borrowing, budgeting, financial planning and cash flow forecasting
  • The impact of external influences at different stages in the personal life cycle
  • Risk and reward in managing personal finance

The Diploma

The units studied provide an in-depth exploration of the important concepts of financial capability and how to apply them in achieving longer-term financial stability. The Diploma (DipFS) builds on the skills and knowledge 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.

Units include:

  • Unit 3 - Financial capability for the immediate and short term
  • Unit 4 - Financial capability for the medium and long term

Key content areas:

  • Importance of financial capability in the immediate, short, medium and long term
  • The impact of external influences at different stages in the personal life cycle
  • Risk and reward in managing personal finance
  • Personal and external factors that lead to change
  • Maintaining financial sustainability and avoiding long-term debt
  • The financial services system and financial sustainability (individual and general)
  • Marketing techniques

This qualification will develop key skills encouraging you to:

  • Analyse financial information, financial services products and services and begin to make judgements about suitability for people in different circumstances
  • Develop an understanding of financial concepts and terminology to enhance financial literacy
  • Analyse, synthesise, evaluate and reflect
  • Demonstrate numeracy skills, including the ability to manipulate financial and other numerical data to reflect the conceptual activity of financial maths
  • Select appropriate data and information to make arguments
  • Structure and communicate ideas logically and coherently; and increase their ability to work and learn independently

Method of delivery

Your studies will be across three full days per week. These will be mainly classroom based but you will also experience some experiential learning. Your studies will comprise a combination of 30% online learning and 70% face-to-face onsite, with 90% classroom based and 10% undertaking simulated experiential learning or practical activities. Our methods of delivery will include delivery to large groups of students online, accompanied by workshops, tutorials, some independent studies, problem solving and work-based learning.

How will I be assessed?

Each unit is assessed through a combination of multiple choice questions (Part A) and a written paper (Part B).

Unit 1 and Unit 2

Part A: 35 multiple choice questions in a 45 minute examination. Part B: pre-release case study requiring essay responses in a 105 minute examination. Part B will also assess spelling, punctuation and grammar through the essay responses.

Unit 3 and Unit 4

Part A: 35 multiple choice questions in a 1 hour examination. Part B: pre-release case study requiring essay responses in a 2 hour examination. Part B will also assess spelling, punctuation and grammar through the essay responses.

Good course combinations

This is a full-time course. It is not possible to combine this course with other Vocational, Apprenticeships or A Level programmes.

Your next steps

The financially related content of the DipFS serves as a strong grounding for undergraduate study within finance and business-related disciplines. Many students go on to study accounting, business, finance and banking, including higher-level courses and apprenticeships at York College. You could progress to a Higher National Certificate/Diploma in Business or a Business Management Degree at York College or to our Level 3 Accounting Diploma.

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