AN ANALYSIS OF THE FINANCIAL LITERACY OF GRADUATING STUDENTS IN THE COLLEGE OF BUSINESS

This study analyzed the financial literacy of the graduating students of College of Business. The purpose of the study was to determine the financial literacy level of the graduating students and if the education system helped them increase their knowledge and financial skills. Due to the outbreak of COVID-19, the research was conducted entirely online using Google Forms as main medium for safe data gathering. The respondents were the enrolled fourth-year graduating students of the College of Business. This population consists of three relevant college degree courses namely (1) Bachelor of Science in Accountancy, (2) Bachelor of Science in Business Administration – Major in Financial Management, and the (3) Bachelor of Science in Hospitality Management. There were 110 respondents with a 30:40:40 ratio of BSA, BSBA-FM, and BSHM courses respectively. The result showed that the level of personal financial literacy among graduating students with an average score of 66.90% and classified as medium level of financial literacy. This indicated that the majority of graduating students in the College of Business were slightly literate.. One reason for the medium level of knowledge instead of high level was the systematic lack of a sound personal finance education in the college curricula even amidst the presence of financial management subjects or any other related subjects involving finances.