Finance (Banking) - T Level Summary Where can this subject lead? Key information What will I learn? How will I learn? How will I be assessed? Summary A T level in Finance is the perfect stepping stone for anyone wanting to pursue a rewarding career in the financial industry. What's more, at B&FC we now combine this qualification with a Level 2 AAT accounting qualification, an industry recognised award that can pave the pathway to a career in chartered accountancy. To set the scene, you will gain an overview of the business environment and an understanding of the different business models companies adopt. You will also discover how economic and political factors shape the financial landscape at any given time before moving on to areas more specifically related to finance. The course will then introduce you to the world of taxation and the fundamentals of financial accounting, providing you with a firm foundation in the principles of financial business management. Whilst crunching the numbers is an essential aspect of the financial world, it is also important to gain an appreciation for the professional conduct required within the industry and an awareness of the ethical issues that individuals and organisation can face when making financial decisions As well as classroom-based learning, a T level offers an extended work placement so that you can gain valuable practical experience to support your chosen career aspirations. At B&FC, thanks to our long established links to over 1,800 employer partners we are exceptionally well placed to find you a meaningful role in an relevant organisation to enrich your learning experience. Next course dates Start date Location Duration 02 Sep 2024 Bispham Campus 2 Years Apply now 01 Sep 2025 Bispham Campus 2 Years Apply now Where can this subject lead? Career progression Career opportunities this programme could successfully lead to include: Financial Advisor Insurance Practitioner Investment Advisor Pension Consultant Credit Controller Debt Advisor Compliance and Risk Officer Financial Services Administrator Key information Entry Requirements5 GCSEs grade 4 or above including English and Maths A successful interview with a tutor The ability to study independently A genuine interest in the subject Good communication skills Hardworking approach towards the industry Qualification obtainedT Level Technical Qualification in Finance Fees and fundingStudents who are 18 or under and resident in the EU pay no course fees. Read our tuition fees guide for students 19 and over. Extra costs and equipmentNo specialised hardware and software is required but you would be expected to have access to a computer with internet access. Trips will be offered but these will not be required for the course and may be partly subsidised by the college. Regulation and AccreditationAccrediting Institution: N/A Awarding Body: NONE Regulatory Body: Ofsted Terms and conditionsRead our full terms and conditions for more information. What will I learn? Industry placement, field trips and guest speakersYou will be required to complete an industry placement with an employer, which will last for a minimum of 45 working days (between 315 – 420 hours) Industry Placements are managed by an appointed Workplace Co-ordinator within the curriculum area who maintains liaisons with employers, performs visits and logs required documents such as insurance. How will I learn? Business staff at Blackpool and The Fylde College have worked closely with the awarding bodies to review and validate these qualifications in finance to ensure that they are cutting edge and provide an advantage to our T Level students As an overview, each programme will include the following mandatory elements: Year 1 you will cover a ‘core’ set of underpinning knowledge, concepts and skills, tailored to a career in financial services. Year 2 you will undertake specialist training covering industry-specific skills in Commercial and Retail Banking Analyst. Year 2 you will also complete a purposeful industry placement with an employer in the Financial Services sector, this will last for a minimum of 45 working days (between 315 – 420 hours) Year 1 - Finance core subjects The Business Environment (25%) Regulation (7%) Fundamentals of Law (7%) Fundamentals of Financial Accounting (10%) Careers with Legal, Finance and Accounting Professionals (6%) Professionalism and Ethics (6%) Security and Risk (6%) Equality, Diversity and Inclusion (4%) Professional Services (4%) Technology (9%) Data Driven Innovation/Analytics and Design Thinking (8%) Change Management and Administration (8%) Year 2 - Specialism in Retail and Commercial Banking On completion of this specialism, learners will be able to: Operate ethically and professionally in all interactions with customers /clients (25%) Explain products and services in retail and commercial banking to internal and external customers/clients (25%) Apply principles of risk management when making recommendations to internal and external customers/clients (25%) Analyse financial information and data and present reports to internal and external customers/clients (25%) Completion of the specialism will give learners the opportunity to develop their Maths, English and Digital Skills This is a full-time course, involving 3 days a week spent at College and 2 days a week on work placement in a business environment. We will also expect you to spend at least 3 hours a week on independent learning. At College, teaching is delivered in groups and supported by group activities and discussions. One-to-one support is also provided to help with completing written assignments. When you start the course we will assign you a progress tutor who will support you throughout your time here. Their role is to help you in setting academic and personal targets, identifying career plans, developing employability skills and monitoring your progress to make sure you realise your full potential. Expert tutorsAll staff involved in the delivery of further education courses within the College are approved to teach the subjects and modules they deliver. The approval process ensures that staff delivering a given programme are appropriately qualified and, where appropriate, possess relevant technical and industrial experience and professional practice. How will I be assessed? How will I be assessed? The core content (year 1) is assessed through an examination and a practical employer-set project The specialism (year 2) is assessed through practical time based project The overall grade is subject to completion/achievement of all T Level requirements – not just the components of the technical qualification (TQ). T Level grades are worked out from students’ grades for the technical qualification core and occupational specialisms. For example: to be awarded a Distinction*, you must achieve an A* in the core and a Distinction in the occupational specialism(s). As well as passing the relevant technical qualification, the following elements are required to achieve an overall T Level grade: Industry placement: This will be arranged and verified by the provider offering the T Level. GCSE grade 9 to 4 or a functional skills level 2 pass in English and maths or other equivalent qualification: This will be verified by the provider offering the T Level. The T Level certificate will include: An overall pass grade for the T Level, shown as pass, merit or distinction A separate grade for the occupational specialism, shown as pass, merit or distinction A separate grade for the core component, using A* to E Grades for maths and English qualifications Details of the industry placement Students who do not pass all elements of their T Level will get a T Level statement of achievement which will show the elements they have completed.