Financial Studies (Applied)
Financial & Professional Services
This course covers what is money – needs, wants, and aspirations depending on age. Savings and borrowing products for different individuals, financial providers and regulators. How to calculate national insurance and income tax and who are the sources of information to help with finances from the current date up to the next two years.
What will I study?
Year 1:
- Medium and long-term financial products: personal loans, hire purchase, mortgages.
- Consequences of unaffordable debt and its impact on future financial products and credit ratings.
Year 2:
- Creating sustainable finances: savings, borrowing, investment products.
- Budgeting for short, medium, and long term.
- Managing savings for aspirations.
- Sustainability and ethical behaviour of financial providers.
- EU and UK legislation.
- Ethical investments, corporate social responsibility, marketing, and advertising.
Modules
Units
- Financial Capability for the Intermediate and Short Term
- Financial Capability for the Medium and Long Term
- Sustainability of the Individual's Finances
- Sustainability of the Financial Services Systems
How it will be assessed:
- Quizzes and questionnaires
- End-of-topic multiple choice tests (peer assessed)
- Online multiple choice and case study exams
- Use of books and online LIBF resources
- Independent, peer, and group work to learn key skills
Entry requirements
- Five GCSEs (minimum) Grade C/4 or above
- English Language and Maths at grade 5
- Alps score of at least 4.5 or above
Why should I choose USP College?
- Trips to the largest local apprenticeship provider
- Experienced tutors
- Links to Investment 20/20 for job opportunities
Additional costs
- Exam scripts (if applicable)
- Trips/visits
What could I do next?
Next Steps
- Careers in retail banking, insurance, and investments
- University courses in Business, Business and Finance
Former Student Success
- Several students studying degrees at the London Institute of Banking and Finance
- One student secured a Level 4 Apprenticeship at the Bank of England
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