An Analysis of Literacy in Finance among the Students of Postgraduate Management Studies in Hyderabad

Authors

  • R. K. Prasad Gutti

Abstract

The financial systems and financial products are becoming versatile day-by-day to attract investors to new investment opportunities.  In these situations, Literacy in Financial plays a significant role in making the investor's decisions to secure their future. Financial knowledge, attitude, and behaviour are three integral elements of the concept of literacy of finance. This paper aims to understand the literacy level of finance amongst the students of postgraduate management in Hyderabad. For this study, the data is obtained through primary sources using a structured questionnaire and secondary sources, including published reports in this area. The research clearly shows that the average financial literacy levels of management graduate students in Hyderabad are 33%, higher than the national average of 25% as per S & P Global Financial Literacy Survey, 2014. The literacy levels of male students are higher than female students, and urban students' financial literacy levels are higher than rural and semi-urban brought-up students. Based on the analysis, 16.66% of the postgraduate management students are highly knowledgeable in financial matters, 60% % are moderately, and the rest not financially knowledgeable. The reason may be that 40% of postgraduate management are from a technology background; apart from this, 70% of students' financial needs are supported by parents.

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Published

2020-09-30

How to Cite

R. K. Prasad Gutti. (2020). An Analysis of Literacy in Finance among the Students of Postgraduate Management Studies in Hyderabad. International Journal of Modern Agriculture, 9(3), 893 - 903. Retrieved from http://www.modern-journals.com/index.php/ijma/article/view/296

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