London School of International Business (LSIB)

How long does it take to complete Level 1 Award in Understanding Essential Finance Qualification (RQF) part time?

Are you considering pursuing the Level 1 Award in Understanding Essential Finance Qualification (RQF) part time? If so, you may be wondering how long it will take to complete this qualification. Let's delve into the details to give you a better understanding of the time commitment required.

The Level 1 Award in Understanding Essential Finance Qualification (RQF) is designed to provide learners with a basic understanding of finance principles and practices. It covers topics such as financial planning, budgeting, and managing personal finances. This qualification is ideal for individuals who are looking to improve their financial literacy and gain essential skills for managing their finances effectively.

When it comes to completing the Level 1 Award in Understanding Essential Finance Qualification (RQF) part time, the duration can vary depending on your individual circumstances. Typically, this qualification can be completed in around 12 weeks part time. However, the actual time it takes to complete the qualification may vary based on factors such as your study schedule, prior knowledge of finance concepts, and personal commitments.

It is important to note that the Level 1 Award in Understanding Essential Finance Qualification (RQF) is a 10-credit qualification. This means that you will need to dedicate a certain number of hours to studying and completing assessments in order to successfully achieve the qualification. On average, learners are expected to spend around 100 hours of study time to complete the Level 1 Award in Understanding Essential Finance Qualification (RQF) part time.

Here is a breakdown of the estimated study hours required for each unit of the qualification:

Unit	Estimated Study Hours
Introduction to Finance	30 hours
Financial Planning	40 hours
Budgeting	30 hours

By allocating your study time effectively and staying on track with your coursework, you can complete the Level 1 Award in Understanding Essential Finance Qualification (RQF) part time within the estimated timeframe of 12 weeks. Remember to stay organized, set realistic study goals, and seek support from your tutors or peers if needed.

Overall, the Level 1 Award in Understanding Essential Finance Qualification (RQF) part time is a valuable qualification that can enhance your financial knowledge and skills. With dedication and commitment, you can successfully complete this qualification and take a step towards improving your financial literacy.