Assessment mode Assignments or Quiz
Tutor support available
International Students can apply Students from over 90 countries
Flexible study Study anytime, from anywhere

Overview

The Level 1 Award in Understanding Essential Finance Qualification (RQF) is designed for beginners seeking to build a strong foundation in finance. This course introduces key concepts like budgeting, saving, and managing money effectively.


Ideal for individuals new to finance or those looking to improve their financial literacy, it provides practical skills for everyday life. Whether you're managing personal finances or exploring career opportunities, this qualification equips you with essential knowledge.


Start your journey to financial confidence today! Enroll now and take the first step toward mastering essential finance skills.

The Level 1 Award in Understanding Essential Finance Qualification (RQF) is your gateway to mastering foundational financial skills. This industry-recognized certification equips you with practical knowledge in budgeting, saving, and managing personal finances. Gain hands-on experience through real-world scenarios, preparing you for roles in finance, banking, or entrepreneurship. With flexible learning options and expert guidance, this course is ideal for beginners seeking to enhance their financial literacy. Unlock high-demand career opportunities and build confidence in managing money effectively. Start your journey today and take the first step toward a financially secure future.

Get free information

Entry requirements

Open Entry No formal qualification is required

Course structure

• Introduction to Financial Principles
• Understanding Personal Budgeting
• Basics of Saving and Investment Strategies
• Introduction to Taxation and National Insurance
• Managing Debt and Credit Responsibly
• Fundamentals of Financial Planning
• Exploring Financial Products and Services
• Introduction to Risk Management in Finance
• Ethical Considerations in Financial Decision-Making
• Practical Applications of Financial Literacy

Duration

The programme is available in two duration modes:

6 Months

9 Months

Course fee

The fee for the programme is as follows:

6 Months: GBP £1399

9 Months: GBP £1099

* The fee is payable in monthly, quarterly, half yearly instalments.

** You can avail 5% discount if you pay the full fee upfront in 1 instalment

This programme does not have any additional costs.

Payment plans

Fast-track: 6 Months

  • Payment option (a): GBP £466 x 3 monthly instalments
  • Payment option (b): GBP £1329 x 1 instalment

   Total fee: GBP £1399

Standard mode: 9 Months

  • Payment option (c): GBP £220 x 5 monthly instalments
  • Payment option (d): GBP £549 x 2 quarterly instalments
  • Payment option (e): GBP £1045 x 1 instalment

   Total fee: GBP £1099

The Level 1 Award in Understanding Essential Finance Qualification (RQF) is designed to provide foundational knowledge in financial concepts, making it ideal for beginners or those looking to enhance their financial literacy. This qualification covers key topics such as budgeting, saving, and understanding financial products, equipping learners with practical skills to manage personal and professional finances effectively.

The course is structured to be flexible, typically lasting around 12 weeks and delivered in a self-paced format. This allows learners to balance their studies with other commitments, making it accessible for individuals seeking to upskill without disrupting their daily routines. The Level 1 Award in Understanding Essential Finance Qualification (RQF) is particularly relevant for those entering finance-related roles or aiming to improve their financial decision-making abilities.

Industry relevance is a key feature of this qualification, as it aligns with UK financial standards and frameworks. It provides a solid foundation for further studies or career progression in finance, accounting, or business-related fields. By mastering essential finance concepts, learners can apply their knowledge in real-world scenarios, enhancing their employability and confidence in financial matters.

While this qualification focuses on finance, its practical approach mirrors the structured learning seen in coding bootcamps or web development skills training, emphasizing hands-on application and real-world relevance. Whether you're exploring finance as a career path or simply aiming to improve your financial acumen, the Level 1 Award in Understanding Essential Finance Qualification (RQF) offers a valuable starting point.

The Level 1 Award in Understanding Essential Finance Qualification (RQF) is a critical stepping stone for individuals aiming to navigate the complexities of financial management in today’s market. With 87% of UK businesses reporting financial challenges due to economic uncertainties, this qualification equips learners with foundational skills to manage budgets, understand financial statements, and make informed decisions. As financial literacy becomes increasingly vital, this course addresses the growing demand for professionals who can contribute to organizational resilience and growth.
Category Percentage
UK Businesses Facing Financial Challenges 87%
Businesses Seeking Financial Training 65%
Professionals with Financial Literacy 42%
In an era where financial acumen is as crucial as cybersecurity training or ethical hacking skills, this qualification bridges the gap between theoretical knowledge and practical application. It empowers learners to tackle real-world financial challenges, fostering a workforce capable of driving economic stability and innovation. As industries evolve, the demand for professionals with cyber defense skills and financial expertise continues to rise, making this qualification a valuable asset in today’s competitive landscape.

Career path

AI Jobs in the UK: With a 35% demand share, AI roles are among the fastest-growing careers, offering competitive salaries and opportunities in tech-driven industries.

Data Scientist Roles: Accounting for 25% of the job market, data scientists are highly sought after, with an average data scientist salary exceeding £60,000 annually.

Financial Analysts: Representing 20% of the market, financial analysts play a critical role in decision-making, with salaries ranging from £40,000 to £70,000.

Business Intelligence Specialists: With a 15% demand, these professionals are essential for data-driven strategies, earning between £45,000 and £65,000.

Risk Management Professionals: Making up 5% of the market, these roles are vital in finance, offering salaries from £50,000 to £80,000.