AN ANALYSIS OF FINANCIAL LITERACY AND FINANCIAL BEHAVIOUR AMONG MANAGEMENT GRADUATE STUDENTS IN HYDERABAD

Abstract

One of the biggest challenges to developing nations is general education and, more so, financial education or financial literacy. Opportunities in investments are available all over the world, enabling investors to put in diversified financial products worldwide.  In recent years, the issue of non-traditional products in finance has increased tremendously by business entities to attract investors, thereby financial products and markets became complex.  Drastic changes have taken place in the financial system apart from structural changes in state socio-economic policies. In these circumstances, one needs to understand management graduate students' financial literacy levels since they will be future managers of the business where they have to manage their personal finance and business finance.  The study's objective is to understand the literacy levels among management graduate students in Hyderabad and the impact of their knowledge in finance on their financial judgements. Research clearly shows that the average levels of financial literacy of management graduate students in Hyderabad are 33%, higher than the national average of 25% as per S & P Global Financial Literacy Survey, 2014. Male management graduate students' financial literacy levels are higher than female students, and the urban students' literacy levels in financial are more than rural and semi-urban brought-up students