Retirement preparation and financial stability of middle managers in selected financial institutions of Makati City Central Business District / by Danika E. Corido, Hannah L. Fajura and Thessa Merrianne H. Mojica.

By: Contributor(s): Material type: TextTextLanguage: English Publication details: Indang, Cavite : 2017. Cavite State University- Main Campus,Description: xvi, 99 pages : illustrations ; 28 cmContent type:
  • text
Media type:
  • unmediated
Carrier type:
  • volume
Subject(s): DDC classification:
  • 305.26  C81 2017
Online resources: Production credits:
  • College of Economics, Management, and Development Studies (CEMDS)
Abstract: CORIDO, DANIKA E., FAJURA, HANNAH L., MOJICA, THESSA MERRIANNE H. Retirement Preparation and Financial Stability of Middle Managers in Selected Financial Institutions of Makati City Central Business District, Undergraduate Thesis, Bachelor of Science in Business Management, major in Financial Management, Cavite State University, Indang, Cavite, May 2017, Adviser: Ms. Glenda S. Perena The study was conducted to determine the retirement preparation and financial stability of middle managers in banks and insurance companies located in Makati Central Business District. Specifically, the study aimed to; (1) ascertain the socio-economic profile of the participants; (2) identify the preparations made by middle managers prior to retirement in terms of savings and investments; (3) ascertain the level of risk tolerance of the middle managers towards their financial preparations prior to retirement; (4) identify their level of financial stability; (5) ascertain the relationship between the socio-economic profile and risk tolerance of middle managers; (6) ascertain the relationship between the socio-economic profile and financial stability of middle managers; and (7) determine the significant relationship between risk tolerance and financial stability of middle managers. The participants of the study were 188 middle managers working in aforementioned City. Based on the results, the age of the participants ranges from 3 1-35 years old, with an average of 33 years. Majority of them are female, more than half of them are married and all of them are college graduate whereas few of them even pursue a Master’s Degree. Moreover, majority of the participants have a monthly income not more than P60,000 and half of them preferred to retire at an age ranging from 56-60 years old, with an average of 58. The top three employment benefits middle managers usually receive are 13th month pay, medical insurance, and performance bonus. In retirement preparation, findings also revealed that all of the participants have savings accounts. Most of them have time deposit, money market funds or automatic savings account. In investment, they are more involved in investing on stocks, real estate or mutual funds. And overall, the middle managers are perceived to be a moderate risk taker towards their financial preparation prior to retirement. On the other hand, most of the participants are considered to be financially stable. This means that they have an asset that is equal to the amount of their liability. The socio-economic profile of the middle managers such as age, years in service, monthly income, and preferred age of retirement has a significant relationship to the risk tolerance of middle managers. The age, sex, civil status, years in service and monthly income of the participant also has a significant relationship to their financial stability. In addition, there is also a significant relationship between risk tolerance and financial stability.
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Theses / Manuscripts Theses / Manuscripts Ladislao N. Diwa Memorial Library Theses Section Non-fiction 305.26 C81 2017 (Browse shelf(Opens below)) Link to resource Room use only T-6972 00011963

Thesis (BS Business Management--Financial Management) Cavite State University

Includes bibliographical references.

College of Economics, Management, and Development Studies (CEMDS)

CORIDO, DANIKA E., FAJURA, HANNAH L., MOJICA, THESSA MERRIANNE
H. Retirement Preparation and Financial Stability of Middle Managers in Selected Financial Institutions of Makati City Central Business District, Undergraduate Thesis, Bachelor of Science in Business Management, major in Financial Management, Cavite State University, Indang, Cavite, May 2017, Adviser: Ms. Glenda S. Perena
The study was conducted to determine the retirement preparation and financial stability of middle managers in banks and insurance companies located in Makati Central Business District. Specifically, the study aimed to; (1) ascertain the socio-economic profile of the participants; (2) identify the preparations made by middle managers prior to retirement in terms of savings and investments; (3) ascertain the level of risk tolerance of the middle managers towards their financial preparations prior to retirement; (4) identify their level of financial stability; (5) ascertain the relationship between the socio-economic profile and risk tolerance of middle managers; (6) ascertain the relationship between the socio-economic profile and financial stability of middle managers; and (7) determine the significant relationship between risk tolerance and financial stability of middle managers.
The participants of the study were 188 middle managers working in aforementioned City.
Based on the results, the age of the participants ranges from 3 1-35 years old, with an average of 33 years. Majority of them are female, more than half of them are married and all of them are college graduate whereas few of them even pursue a Master’s Degree. Moreover, majority of the participants have a monthly income not more than P60,000 and half of them preferred to retire at an age ranging from 56-60 years old, with an average of
58. The top three employment benefits middle managers usually receive are 13th month pay, medical insurance, and performance bonus.
In retirement preparation, findings also revealed that all of the participants have savings accounts. Most of them have time deposit, money market funds or automatic savings account. In investment, they are more involved in investing on stocks, real estate or mutual funds. And overall, the middle managers are perceived to be a moderate risk taker towards their financial preparation prior to retirement. On the other hand, most of the participants are considered to be financially stable. This means that they have an asset that is equal to the amount of their liability.
The socio-economic profile of the middle managers such as age, years in service, monthly income, and preferred age of retirement has a significant relationship to the risk tolerance of middle managers. The age, sex, civil status, years in service and monthly income of the participant also has a significant relationship to their financial stability. In addition, there is also a significant relationship between risk tolerance and financial stability.

Submitted copy to the University Library. 08/23/2018 T-6972

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