Gender differences on the level of financial literacy of financial management graduates of Cavite State University Main Campus / by Joydelyn C. Baguyo, Jennilyn D. Laxamana, Jose Marie B. Metoda and Jasmyn D. Miranda.

Thesis (Bachelor of Science in Business Management major in Financial Management) Cavite State University.

Includes bibliographical references.

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

BAGUYO, JOYDELYN, C., LAXAMANA, JENNILYN, D., METODA, JOSE MARIE, B., & MIRANDA, JASMYN, D. Gender Differences on the Level of Financial Literacy of Financial Management Graduates of Cavite State University Main Campus. Undergraduate Thesis. Bachelor of Science in Business Management major in Financial Management. Cavite State University. Indang, Cavite. August 2022. Adviser: Ms. Princess M. Feliciano.

Global awareness of financial literacy has increased. Despite its importance, numerous studies conducted globally demonstrate that a significant portion of the population lacks it. One of the most important concerns in financial literacy today is the gender gap. Numerous researches indicate that women are less financially literate than males. (Hasler & Lusardi, 2017; Mottola, 2013; Chen & Volpe, 1998). Because of this, women are a vulnerable demographic that requires more financial literacy support. However, graduates in financial management with access to financial information would present a rare chance to investigate if gender inequalities exist among them. The study was conducted to find out if there is a noticeable difference between men's and women's financial literacy levels after studying finance-related courses at Cavite State University-Main Campus. Specifically, the study aimed to: (1) determine the socio-demographic profile of the participants in terms of: age, sex, personal monthly income, civil status, other sources of income, job position, and job industry; (2) describe the level of financial literacy of participants in the following areas: financial knowledge, financial behavior, and financial attitude; and (3) determine whether there are differences on the level of financial literacy of the Financial Management graduates when grouped according to gender. A total of 244 financial management graduates in Cavite State University Main Campus from 2016-2021 served as the participants of the study. Quota sampling was used to determine the total participants of the study, the study divided the sample population into two strata such as male and female, then obtain equal sample size and randomly select sample in each stratum. Frequency and percentage were used to describe the socio-demographic profile. Median was used to describe the level of financial literacy in the following areas: financial knowledge, financial attitude, and financial behavior. Mann-Whitney U test was used in the study to determine if there is a significant difference in the level of financial literacy of the participants when grouped according to gender. The age of the financial management graduates in Cavite State University Main Campus from 2016-2021 who participated in the study ranged from 20-31 years old, with equal number of male and female, and dominated by single. Majority of the participants were in banking and finance industry and participants' job positions fall in the category of financial services. Also, most of the participants earned a personal monthly income of 20, 000 and below. Aside from being employed, most of the participants have investments that serve as their other source of income. Based on the results, there were no significant differences on the overall level of financial literacy and in three areas such as financial knowledge, financial behavior and financial attitude when grouped according to sex. Moreover, results showed that the level of financial literacy of the participants was very high. The participants are extremely knowledgeable about financial matters, with very good understanding about budgeting, saving, spending, and investing and possess a very positive attitude in financial matters. The study was a good recommendation for people lacking financial literacy and having difficulties about their financial situations. Though it indicates in the results that the participants have a high-level of financial knowledge, this study recommended them to further enhance their financial knowledge by attending different trainings and programs or by reading books and articles that might help enhance their financial knowledge.

Submitted to the University Library 10/24/2022 T-9073