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Financial Literacy Among Business Management Undergraduates – Evidence From Business School

This study analyses the financial literature of the business undergraduates of SLIIT. The purpose of the study was to determine the financial literacy of the business students and if the education system helps them increase their knowledge and financial skills. Questionnaires were used to collect data and 50 fully completed questionnaires were accepted for analyzing. The survey participants were grouped into 2 sub-groups according to demographic variations using the mean marks of correct answers of the sample. The mean marks scored by undergraduates is 3.60. To determine the level of financial literacy categorical variables such as gender, advanced level stream, specialization fields they are going to be specialized and other accounting and finance related professional and academic qualifications. The results reflect that business management undergraduates have a low to medium level of financial literacy. The university must provide more finance related courses or workshops that could help students to handle financial affairs or matters related to finance.