The Certificate in Financial Studies (CeFS) teaches students about the financial services industry and how to apply the appropriate solutions available within the evolving financial services marketplace. The qualification will enable learners to make informed and confident decisions regarding their finances. It will help learners to become responsible borrowers and sensible savers, and to have an appreciation of the need for financial planning throughout their life. CeFS is a Level 3 qualification, which is benchmarked at equivalent to an AS Level. Upon completion on the CeFS, students can study for a further year to achieve the Diploma in Financial Studies (DipFS). The Diploma is also a Level 3 qualification, benchmarked as an A2 equivalent.
- A minimum of five GCSEs (with two at grade 6, and three at grade 4).
- GCSE English and maths at grade 4 or above.
- Desired G-Score of 5.0
A keen interest in current affairs is desirable and there is a lot of independent reading to do.
Please click here to see grades conversions in line with the new grading system.
For those wishing to seek employment after A-Levels, this course provides an excellent base from which to enter the banking and insurance industries in particular but any business would welcome students with a good understanding of personal finance.
We promote work experience with companies such as Ernst Young and PwC – and several students have been successful in securing a placement in the past. Indeed, last year, 2 students were accepted on to a full apprenticeship scheme at a large, local insurance company.
The qualifications are well-respected by industry and many professionals, already employed, study LIBF qualifications as part of their continued professional development.
Components of Course
There are 4 Mandatory Modules:
- Financial Capability for the Immediate & Short Term
- Financial Capability for the Medium & Long Term
- Sustainability of an Individuals Finances
- Sustainability of the Financial System
Students have to pass each of the 4 compulsory units. Each unit as two papers – one multiple choice paper and one pre-release case study paper. Students are able to re-take each paper once, free of charge, and the highest score counts!
London Institute of Banking & Finance (LIBF)