Manchester Metropolitan University is launching a course that enables students to graduate with a QCF level four equivalent degree in financial services. The BA (Hons) financial services, planning and management programme, which will launch in September, prepares graduates for a career in the financial planning and wealth management sectors.
The university says the course focuses on the skills required to manage, plan and deliver personal financial planning advice.
In the first year of the three year degree, students are given an introduction to the regulation and ethics of the financial services sector and the different types of services on offer.
In the second year, students study debt management, tax planning and financial management. The final year requires students to reflect on the psychology of financial decision-making and apply this to personal finance and wealth management.
They also look at marketing strategies and have the choice of a work-based project or further study on individual investor needs. There is also the option of a four-year sandwich programme where students arrange a 36-week work placement during the third year.
IFP chief executive Nick Cann says: “With so many university leavers finding it difficult to get good jobs once they graduate, degree courses like this that include professional qualifications give the individual a huge advantage. It is also a great way to encourage highly skilled young professionals into financial services.”
Paladin Financial Services managing director Tim Purdon says: “Someone entering the industry with a degree qualification would be required to work for a larger organisation that can afford to employ them.
It would be very hard for smaller IFAs to employ someone with such a degree because of salary expectations.”