Finance lessons for students

School pupils celebrate

Every sixth form student in Liverpool will be able to study for a new finance qualification – to take advantage of a forecast professional services jobs boom.

Liverpool City Council and the Chartered Institute of Securities and Investment (CISI) will sign an agreement on Thursday 18 April to enable pupils to study for a Diploma in Finance, Risk and Investment.

An economic report on the Liverpool City Region by former Minister for Merseyside Sir Michael Heseltine and ex Tesco chief Sir Terry Leahy estimated that an additional 22,000 jobs will be created in the professional services industry over the next decade.

It is hoped the industry and university recognised qualification will give young people a competitive advantage when looking for work in the financial services industry.

As well as learning about bonds, derivatives and asset-backed securities, they will find out about the importance of ethics and integrity and the causes of the global financial crisis and the problems in the Eurozone.

Councillor Jane Corbett, Cabinet Member for education and children’s services, said: “This is a really important new qualification which will be offered to our young people, giving them a chance to develop a real knowledge and understanding of the world of finance.

“This qualification will give our students a competitive advantage when they are looking for job and training opportunities in the wealth management and financial services sector.

“It is also really important that our young people understand the importance of responsible finance and how investment and wealth institutions impact on our everyday lives.”

Archbishop Beck Catholic College in Walton will be the ‘hub’ for the professional qualification on behalf of schools across the city from September 2013.

Work will also take place to promote a greater understanding of finance and money and the impact and role it has in society.

The scheme is a partnership between CISI, the city council, the Liverpool Learning Partnership and Archbishop Beck Catholic College, supported by Liverpool Vision.