Subject Lead for Finance
The Finance subject staff aim to deliver the highest quality of education to all our learners through effective and engaging teaching and learning. This subject is very popular among students in the school who engage well in lessons taught by dedicated, well qualified and experienced teaching and support staff. While at KS3 our leaners acquire a wide range of skills, which prepares them for their subject choices at KS4, our qualifications at both KS4 and 5 are carefully chosen to ensure that students have the best opportunities to access a variety of career options with employers or at a higher institution of learning.
In Finance students are offered the London Institute of Banking and Finance(LIBF) Diploma in Financial Studies (DipFS)course. To complete the full Diploma course students must first pass the Certificate in Financial Studies (CeFS) in their first year (i.e. year 12).
In year 12 students complete 2 units for the CeFS qualification.
Financial Capability for the Immediate and Short Term- Learners gain an appreciation of why money is important through focusing on what money is; attitudes to it; and how it can affect life choices. The unit introduces students to the financial services industry by focusing on the interaction between money, personal finance and the financial services market place.
Financial Capability for the Medium and Long Term-learners gain the ability to plan and manage their financial needs in the medium and long-term, with reference to the importance of the need to budget for future aspirations and life events. Learners also consider the changing priorities attached to needs, wants and aspirations as individuals progress through the personal life cycle and the role of financial services in assisting lifelong financial planning.
Following successful completion of the CeFS in year 12 learners go on to study for the DipFS in year 13 which also covers 2 main topics.
Sustainability of an Individual’s Finances-This unit highlights the importance of financial sustainability and develops key skills to ensure that an individual’s financial capability is sustained over a period, taking into consideration the personal and external factors that lead to change.
Sustainability of the Financial Services System-This unit explores the financial services system and looks at how financial services providers work and compete with one another, their priorities and responses to external influences in maintaining financial sustainability.
Finance CeFS and DipFS
Both CeFS and DipFS units are assessed by external examination. All units are broken into a 2-part exam. Part A of each unit is multiple choice and assessed online and constitutes 35% of each unit. Part B is written exam and constitutes 65% of each unit. For all courses learners engage in both formative and summative assessments as part of the learning and teaching process in and outside the classroom. High achievers in Finance are offered cash achievement awards to help support life at university and help pay for things such as a laptop or travel costs.
To find out more about the CeFS (Level 3 Certificate in Financial Studies) and DipFS (Level 3 Diploma in Financial Studies) that we offer and deliver to students at post-16 please visit The London Institute of Banking & Finance website here:
Year 1 CeFS https://www.libf.ac.uk/study/financial-education/qualifications/certificate-in-financial-studies-(cefs)
Year 2 DipFS https://www.libf.ac.uk/study/financial-education/qualifications/diploma-in-financial-studies-(dipfs)
Weekly homework is set to compliment the learning in the classroom at Key Stage 5. This may include mini projects, research and presentation tasks linked to their learning objectives.
Enhancement & Enrichment Activities:
On the first year of the course, Year 12 students will be given the opportunity to visit The London Institute of Banking & Finance where they will receive a tour around their campus and learn more about the history of the Institute and also about their range of further and higher education courses i.e. undergraduate and postgraduate courses in Banking, Finance, Investment and Risk. The students will also receive a guided walking tour of the city of London's financial district where they will see Lloyds of London, The Bank of England and The Royal Exchange.
The Faculty further provides support to students through lunch time and after school clubs. Finance students often get opportunities to take part in National competitions to share their learning and gain experience from their peers across the country.
Progression routes and Career Opportunities:
Students who study Finance can look forward to a wide range of career options related to Banking and Finance through apprenticeship or university or an institution of higher education.